Trudeau is eyeing the home equity of Canadians
Episode Stats
Words per Minute
211.64021
Summary
Justin Trudeau wants a piece of the wealth and assets of older Canadians, and he wants to use it to stoke intergenerational division and envy. At a recent press event, he was asked about his proposed capital gains tax hike, and hit a new low.
Transcript
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As national support for the Trudeau liberals continues to plummet, Trudeau has become even
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more unprincipled than ever. And yeah, he was already pretty low while desperation is settling
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in. The term unhinged, I mean, is often applied to his behavior and actions lately. I mean,
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he's getting out right weird under the pressure. Now he's hinting at going after the assets of
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older Canadians in a wealth redistribution scheme that could tear the nation to shreds.
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It's becoming undeniable. His eye is turning towards the capital tied up
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in individual home ownership, and he wants a piece of it. So at a recent press event,
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he was asked about his capital gains tax hike, and he hit a new low as he tried to stoke
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intergenerational division and envy. I mean, his last desperate hope in maintaining power in the
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next general election is to somehow regain the support of younger Canadians who fled supporting
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the Liberal Party. The rising cost of living has been hammering everybody, but it's been
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particularly tough on young people. Many economic pressures have been exacerbated due to years of
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terrible policies. You know, under the Liberals, from government debt, high taxes, low productivity,
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mass immigration, of course, the dream of home ownership for most young Canadians has been
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shattered. But rather than try and fix the problems of his own creation, Trudeau's trying to shift the
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blame to Canada's older generation and the wealth they've accumulated over a lifetime of work.
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But hey, don't take my word for it. Let's listen to the words of Trudeau on his own, or at least
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I'll read them out. He said, older generations whose money works for them rather than working
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hard as young people are. Like this is what he was talking about. He's going after those older
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generations who are just sitting on mounds of money and not working. They're lazy, they're slothful,
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while young people are working enslaving. That's what he's saying. He's implying that older Canadians
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are living the high life on the backs of younger working Canadians. He overlooks the reality that most
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of the people who currently have savings or home equity gain them through working their asses off
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and living responsibly for decades of their lives. But he wants to fuel the fires of envy.
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And he hopes that young people will become angry at prior generations rather than at him.
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The hypocrisy and irony are pretty outstanding in this tactic. I mean, it's being used by a trust fund
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baby who likely has never bought his own groceries in his life, much less had to worry about buying a
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home, paying rent, or saving for retirement. But he didn't stop there. Trudeau went on to say he wants
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to somehow tilt the economy to favor a different generation. And again, these are his words. He said he wants to
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make sure people who have done the best over the past years in a society and an economy that's
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tilted slightly towards them actually gets retilted towards young people. I know it's an awkward word
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salad. But again, remember, it's Trudeau. This guy's brain damaged. But basically, he's saying he wants
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to retilt the economy to fit a certain age demographic. Well, how do you do that? He's hinting
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at a massive wealth redistribution scheme. The subject at hand is his capital gains tax hike. But even
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Trudeau must know it won't raise him the sort of funds he wants. Capital gains taxes are proven
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economy killers. They never bring in the revenue that proponents expect. There is a giant pool of
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capital out there, though. And it's hanging like a plum. And it's teasing and tempting the spendthrift
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prime minister. That pool is the home equity of mature Canadians. If he could just tap it, he'd be
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able to spend hundreds of billions trying to bind the electoral love of young Canadians. The Liberal
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government's been poking around the notion of taxing equity of primary households for years.
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The CMHC is a branch of the government. And it's repeatedly commissioned studies on how to tax the home
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equity of Canadian residences, the primary residences. They've given hundreds of thousands
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of tax dollars to an activist named Paul Kershaw, who's been lobbying for a home equity tax for years.
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Kershaw referred to homeowners as lottery winners who didn't earn their wealth. Yeah, he plays right
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into those politics of envy. Trudeau liked Kershaw's work so much, he invited Kershaw to speak
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at a Liberal cabinet retreat on Prince Edward Island last August. I mean, Kershaw is only a one-trick pony
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on this issue. The only reason you would have him speak to your cabinet is to try and sell the
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cabinet on the merits of a home equity tax. Guys, when there's smoke, there's fire. It would appear
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to be political suicide for the Trudeau Liberals to enrage homeowners by making a grab for their
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equity. But it has to remember the Liberal reign is already terminal in the polls. If they don't do
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something radical, they face electoral obliteration. They have nothing to lose. And nothing's more
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dangerous than an animal when it's cornered. Trudeau's twitchy second-in-command, Chrystia Freeland,
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mused about unleashing the massive mountain of excess cash. Those are her words in Canadian
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households during a BNN interview. Again, was an equity tax she's hinting at? Creating
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intergenerational angst is a vulgar way to try and retain power. Yet Trudeau's going there without
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hesitation. Don't think he's desperate and deranged. If you don't think he's desperate and deranged
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enough to go after the home equity of Canadians, just watch him. Think of that old quote, an evil
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man will burn his own nation to the ground to rule over the ashes. It's misattributed to Sun Tzu,
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but no one knows quite who said it. But I mean, it's valid. And it's a good one. And it really
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does apply. Hang on, folks. He's coming for it.