Barrhaven denizen

  • 16 Posts
  • 133 Comments
Joined 3 years ago
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Cake day: June 10th, 2023

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  • this has been happening for decades in Canadian and other western countries. Canada’s financial sector firms are a c-suite, reserve accounts at the BoC, and a giant pile of services purchased from the US, India, Colombia etc.

    The cancelled digital services tax was the lightest of scratches at the fixing the problems of trade in services.

    All the noise about resources and goods tarrifs? Trade in services is larger, and services are a vastly larger share of the non-trade economy.









  • there’s a big strategic hole in this article.

    The federal govt. spends first, taxes later. So spending isn’t constrained by taxes collected.

    The debt/deficit argument is ONLY used against social spending. When it comes to pro-capital spending, the argument vanishes. $40B for pipelines? $150B in military spending? $80B in annual subsidies to give big investors risk-free bonds to buy? These are also all deficit spending.

    Progessives should avoid reinforcing the debt/deficit spending myth, since it’s only used against progressive spending.