Western Standard - May 08, 2024


Trudeau is eyeing the home equity of Canadians

Mentioned
Trudeau Paul Kershaw Chrystia Freeland Sun Tzu
Safety Concerns Prompt Canadian Government to Amend Drug Decriminalization Project New army logo misfires

Episode Stats


Length

4 minutes

Words per minute

211.64

Word count

1,000

Sentence count

74

Harmful content

Toxicity

1

sentences flagged

Hate speech

6

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

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

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 As national support for the Trudeau liberals continues to plummet, Trudeau has become even
00:00:04.060 more unprincipled than ever. And yeah, he was already pretty low while desperation is settling
00:00:09.080 in. The term unhinged, I mean, is often applied to his behavior and actions lately. I mean,
00:00:13.140 he's getting out right weird under the pressure. Now he's hinting at going after the assets of
00:00:17.880 older Canadians in a wealth redistribution scheme that could tear the nation to shreds. 0.90
00:00:22.500 It's becoming undeniable. His eye is turning towards the capital tied up
00:00:25.980 in individual home ownership, and he wants a piece of it. So at a recent press event,
00:00:30.680 he was asked about his capital gains tax hike, and he hit a new low as he tried to stoke
00:00:35.300 intergenerational division and envy. I mean, his last desperate hope in maintaining power in the
00:00:40.360 next general election is to somehow regain the support of younger Canadians who fled supporting
00:00:45.180 the Liberal Party. The rising cost of living has been hammering everybody, but it's been
00:00:49.120 particularly tough on young people. Many economic pressures have been exacerbated due to years of
00:00:54.560 terrible policies. You know, under the Liberals, from government debt, high taxes, low productivity,
00:01:00.440 mass immigration, of course, the dream of home ownership for most young Canadians has been
00:01:04.500 shattered. But rather than try and fix the problems of his own creation, Trudeau's trying to shift the
00:01:09.000 blame to Canada's older generation and the wealth they've accumulated over a lifetime of work.
00:01:15.240 But hey, don't take my word for it. Let's listen to the words of Trudeau on his own, or at least
00:01:18.960 I'll read them out. He said, older generations whose money works for them rather than working
00:01:23.580 hard as young people are. Like this is what he was talking about. He's going after those older 0.77
00:01:27.700 generations who are just sitting on mounds of money and not working. They're lazy, they're slothful,
00:01:32.280 while young people are working enslaving. That's what he's saying. He's implying that older Canadians 0.97
00:01:36.060 are living the high life on the backs of younger working Canadians. He overlooks the reality that most 0.84
00:01:40.500 of the people who currently have savings or home equity gain them through working their asses off
00:01:43.980 and living responsibly for decades of their lives. But he wants to fuel the fires of envy.
00:01:49.540 And he hopes that young people will become angry at prior generations rather than at him.
00:01:53.900 The hypocrisy and irony are pretty outstanding in this tactic. I mean, it's being used by a trust fund
00:01:58.660 baby who likely has never bought his own groceries in his life, much less had to worry about buying a
00:02:02.500 home, paying rent, or saving for retirement. But he didn't stop there. Trudeau went on to say he wants
00:02:08.100 to somehow tilt the economy to favor a different generation. And again, these are his words. He said he wants to 0.88
00:02:12.740 make sure people who have done the best over the past years in a society and an economy that's
00:02:17.600 tilted slightly towards them actually gets retilted towards young people. I know it's an awkward word
00:02:22.820 salad. But again, remember, it's Trudeau. This guy's brain damaged. But basically, he's saying he wants
00:02:26.640 to retilt the economy to fit a certain age demographic. Well, how do you do that? He's hinting
00:02:32.200 at a massive wealth redistribution scheme. The subject at hand is his capital gains tax hike. But even
00:02:37.760 Trudeau must know it won't raise him the sort of funds he wants. Capital gains taxes are proven
00:02:42.520 economy killers. They never bring in the revenue that proponents expect. There is a giant pool of
00:02:47.920 capital out there, though. And it's hanging like a plum. And it's teasing and tempting the spendthrift
00:02:52.280 prime minister. That pool is the home equity of mature Canadians. If he could just tap it, he'd be
00:02:57.480 able to spend hundreds of billions trying to bind the electoral love of young Canadians. The Liberal
00:03:02.460 government's been poking around the notion of taxing equity of primary households for years.
00:03:06.780 The CMHC is a branch of the government. And it's repeatedly commissioned studies on how to tax the home
00:03:11.820 equity of Canadian residences, the primary residences. They've given hundreds of thousands
00:03:16.480 of tax dollars to an activist named Paul Kershaw, who's been lobbying for a home equity tax for years.
00:03:21.900 Kershaw referred to homeowners as lottery winners who didn't earn their wealth. Yeah, he plays right 0.54
00:03:27.700 into those politics of envy. Trudeau liked Kershaw's work so much, he invited Kershaw to speak
00:03:32.660 at a Liberal cabinet retreat on Prince Edward Island last August. I mean, Kershaw is only a one-trick pony
00:03:38.300 on this issue. The only reason you would have him speak to your cabinet is to try and sell the
00:03:41.800 cabinet on the merits of a home equity tax. Guys, when there's smoke, there's fire. It would appear
00:03:46.920 to be political suicide for the Trudeau Liberals to enrage homeowners by making a grab for their
00:03:51.380 equity. But it has to remember the Liberal reign is already terminal in the polls. If they don't do
00:03:56.620 something radical, they face electoral obliteration. They have nothing to lose. And nothing's more
00:04:01.220 dangerous than an animal when it's cornered. Trudeau's twitchy second-in-command, Chrystia Freeland,
00:04:06.140 mused about unleashing the massive mountain of excess cash. Those are her words in Canadian
00:04:10.680 households during a BNN interview. Again, was an equity tax she's hinting at? Creating
00:04:16.280 intergenerational angst is a vulgar way to try and retain power. Yet Trudeau's going there without
00:04:20.780 hesitation. Don't think he's desperate and deranged. If you don't think he's desperate and deranged
00:04:26.660 enough to go after the home equity of Canadians, just watch him. Think of that old quote, an evil
00:04:31.840 man will burn his own nation to the ground to rule over the ashes. It's misattributed to Sun Tzu,
00:04:37.460 but no one knows quite who said it. But I mean, it's valid. And it's a good one. And it really
00:04:41.120 does apply. Hang on, folks. He's coming for it.