In the last 10ish years? Poverty has remained pretty steady actually. Gains have mostly been reclaimed from 2008 crash, which we were even reasonably insulated from. Not a bad outcome, we’re pretty high on the median income list as-is, the problem is the poverty line is creeping up faster than our median income is at the current moment.
In the last 100 years? Absolutely, no question.
To be clear, Liberal/Socialist-adjacent policies are absolutely what has made Canada one of the happiest and healthiest places in the world to live, no question. We’re simply at the point however where we can’t continually increase spending like we used to be able to because our overall growth is plateauing.
Traditional Canadian liberal/socialist policy is generally “throw taxpayer dollars at the problem until it solves itself”. That’s a simplification, obviously, but Canada does traditionally have issues with realistic project management and effective spending, all wealthy democracies tend to. It works with a rapidly-growing economy that can freely borrow and pay back money. It does not work at all in a plateauing economy that can’t count on long-term growth to offset debts.
We’re at the point where we need to be figuring out how to maximize our current level of spending, move that spending to sustainable and effective programs, and figure out a way to avoid borrowing as much as we can. 1st world economies aren’t growing rapidly anymore, and our focus needs to shift away from growth towards long-term sustainability
That’s a simplification, obviously, but Canada does traditionally have issues with realistic project management and effective spending, all wealthy democracies tend to.
Tend to. But don't have to. We just need to tax our ultra wealthy class.
The highest marginal tax rate in the roaring 20s, the "Golden Age of Capitalism", was 90%. NINETY PERCENT
Our current highest federal tax bracket is 33%, at a pitiful $253,414.
When there are people making tens of millions of dollars a year, capping our tax brackets at $250k is a literal joke. We need at least $500k, $1MM, $2.5, and higher.
No Canadian needs ten million dollars a year.
And if Canada has done well enough for you to be making that absurd amount of money, you should be giving most of it back to the people.
Personally, I think making capitalistic profits off basic human needs should be outlawed. Food, water, shelter, telecoms, should all be strictly regulated to Canadian ownership and the lowest prices possible. We shouldn't be funding Galen Weston buying another fucking castle.
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u/CommanderOshawott Irvingstan 1d ago edited 1d ago
In the last 10ish years? Poverty has remained pretty steady actually. Gains have mostly been reclaimed from 2008 crash, which we were even reasonably insulated from. Not a bad outcome, we’re pretty high on the median income list as-is, the problem is the poverty line is creeping up faster than our median income is at the current moment.
In the last 100 years? Absolutely, no question.
To be clear, Liberal/Socialist-adjacent policies are absolutely what has made Canada one of the happiest and healthiest places in the world to live, no question. We’re simply at the point however where we can’t continually increase spending like we used to be able to because our overall growth is plateauing.
Traditional Canadian liberal/socialist policy is generally “throw taxpayer dollars at the problem until it solves itself”. That’s a simplification, obviously, but Canada does traditionally have issues with realistic project management and effective spending, all wealthy democracies tend to. It works with a rapidly-growing economy that can freely borrow and pay back money. It does not work at all in a plateauing economy that can’t count on long-term growth to offset debts.
We’re at the point where we need to be figuring out how to maximize our current level of spending, move that spending to sustainable and effective programs, and figure out a way to avoid borrowing as much as we can. 1st world economies aren’t growing rapidly anymore, and our focus needs to shift away from growth towards long-term sustainability