this post was submitted on 14 Jul 2025
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I mean, screw his housing policies but immigrants are pretty much the lifeblood of developed economies. You cut that stuff and GDP takes a pretty strong hit. The end of the low-immigration path is a Japan-style slump, which is... not fun.
Unless we cut taxes and encouraged investment in Canada and grew GDP at a non-per capita level.
We were second last next to Luxembourg in the 38 countries of the OECD at per capita GDP growth since Trudeau took over.
In the end it doesn't matter to me what Canada does, I keep my investments outside of Canada, and I have more Bitcoin than I do Canadian assets due to my level of trust in our government.
I mean this strategy has failed pretty decisively on multiple fronts over the last dew decades all over the globe. Cutting taxes means weaker social welfare, leading to an unhappy population and a one-way ticket to fascismland.
As far as I understand it we are at equilibrium this year for growth