Abstract: Although many people are
happy with the disbursements from the Liberal Party, the Conservative Party is
still very strong and gaining influence. The top issues Canadians have concerns
are: the pandemic management, cost of living, and economic recovery. By voting
in the election, the people decide which party wins and which party may be the
majority party or there will be no majority party. There are many
misconceptions during the election. Some of them are: that immigrants have
pushed up housing prices; that rich people should be penalized; that China
should be boycotted as it is a threat; and that free universal Pharmacare and
universal basic income should be implemented. As to the real estate issue, the
property tax relies on the value of the property. Currently, about 70% of
Canadians own their own properties. Poor people can resort to social housing or
affordable housing, which is segregated from market housing. To curtail
speculation, second home buyers may borrow at a higher interest rate when they
buy and pay a higher property sales income tax when they sell. Rich people are
already taxed at a progressive rate, and a higher penalty could force them out
of Canada. China is not a threat as it contributes to economic prosperity,
world peace and pollution and pandemic control. China is more open and realistic than India, and China’s economic
structure is more complimentary with that of Canada, not with that of Russia,
let alone a long history of economic cooperation between the two countries.
Presently Canada’s detention of Wanzhou Meng has not been justified, and
needs to be addressed promptly. With Canadian relationship with the US
deteriorating, Canada needs to engage in a healthy multilateral arrangement and
leverage its role on RCEP. Whether you admit it or not, international trade and
immigrants are vital to Canada due to comparative advantage and population
aging. The government has limited resources, and free universal
Pharmacare and universal basic income may have many adverse effects. The government should take measures to retain more
graduates from Canadian colleges and universities and keep attracting skilled
workers and businessmen to come to Canada. Canada has had several dozens of
good years with its abundant resources, hard-working faithful people, wise
governance and leadership. Yet Canada needs to define its future objectives and
strategies, and wise and accountable leadership is necessary.
Key Words: Federal election,
multilateral trade, immigrants
I. General Introduction
The Federal election on September 20, 2021 is drawing near. According to
the three polling firms with daily rolling polls, namely Mainstreet Research,
EKOS and Nanos Research, support for the Liberals fell significantly as the
week went along while the Conservative Party (CPC) surged ahead. As of 29
August 2021, Nanos has the CPC leading by a modest 2-point margin, whereas EKOS
and Mainstreet measure the CPC much further ahead, by 6 and 10 points
respectively over the Liberals. Support for the NDP remained generally stable
during the week with national support between 19 and 22 per cent[1].
For those looking to get their vote in early, advance polls will be open this
year from Sept. 10-13 from 9 a.m. to 9 p.m. local time.
Saskatchewan has all the MP seats being conservative.
However, there are people knocking at the door requesting citizens to elect a
Liberal Candidate in the Regina-Wascana riding. Until 2019, Regina Wascana was
Saskatchewan’s lone Liberal stronghold[2].
However, Ralph Goodale lost his election to Michael Kram in 2019, and the
Liberal candidate competing with Mr. Kram is Sean McEachern, once a special
assistant to Mr. Goodale when Mr. Goodale was the federal finance minister.
What is interesting in his background is that he has work experience with both
the Federal and the provincial government (as SUMA’s director of Policy and
Communications for 5 years) besides his experience with non-profit
organizations.
Well, to be considered for election, the candidate
needs to outperform the others. The following questions need to be answered. First,
there is the question if his platform meets the citizens’ requirements. It can
be seen that Mr. McEachern focuses on community, connection and commitment,
while Mr. Kram puts his priorities on secure jobs, secure economy besides
accountability, mental health and the country’s essential products and capability
to manufacture vaccines, which seems more relevant to the cruel reality. Also,
Mr. Kram works as the Deputy Critic for International Trade and a member of the
Transportation, Infrastructure and Communities Committee. During the debate in
the Regina-Wascana ridingon 14 Sept 2021, McEachern appeared abstract with not
a thought-out plan for the pandemic or budget balance in spite of his
advocating pipelines and jobs. Lau appeared idealistic, rebellious, and track-minded
with the idea that deficits would disappear in time and the top concern should
be universal income and Pharmacare, while looking to the future for energy
development and advocating the electoral system reform. Mr. Kram appeared
realistic, reasonable, confident and empathetic, emphasizing that the pressing
concern is the pandemic, that Phamacare is unnecessary as 90% are cared in
drugs, that EI sickness benefits would be doubled, that 15% of the federal
government properties could be converted into affordable housing, that Canada
Health Transfer would be increased at 6% yearly and that carbon emissions would
be cut to 30% of the level of 2005 by the year 2030 (with 40-45% proposed by
the Liberals and 50% proposed by the NDP)[3].
Regretfully, immigrants and international trade are not stressed in the debate.
Secondly, which party should be supported? It can be seen the Liberals’ rating
is not bad during the pandemic, and there have been more than 250,000
immigrants consecutively in the past 3 years[4],
and this figure is projected to be more than 400,000 annually in the next 3
years[5].
Although many people are happy with the disbursements from the Liberal Party,
the Conservative Party is still very strong and gaining influence. However,
there seems a reverse trend in the polls as the election day draws nearer, but
some would put this as a strategy taken by some of the major media.
According to the Navigator, the COVID-19 pandemic was
the top concern for Canadians (with 27% of the votes) heading into the federal
election campaign, followed by the economy and climate change, according to
research provided exclusively to the Star. Many highlight ensuring Canada can
make its own vaccines and has an adequate stockpile of personal protective
equipment. The Navigator survey also found that 26 per cent of Canadians
identified economic issues as the most important facing the country[6].
Earlier, 28% of Canadians surveyed in a Nanos Research poll conducted for CTV
News said the economy is their most important policy issue[7].
However, according to Abacus Data, cost of living is the number one issue with
voters, according to Abacus’ latest polls. The issue was a Top 10 concern with
62% of voters (7 percentage points higher than 3 days ago), up from 55% during
the 2019 election campaign. Access to healthcare is a distant second, with 47%
of voters considering it one of their top concerns. Climate change follows with
46% of voters[8].
The writer thinks a winning party should be prepared to address the above
mentioned issues. Though the cost of living and economic recovery may be the
most urgent as according to Angus Reid Institute, there are 6 percentage points
more for those thinking the pandemic has noting at stake or not very much at
stake, which indicates that the pandemic may have the tendency to coexist with
us for quite a while[9].
However, some people like Mr. Kram still think the pandemic is the most
important. As North America is walking into the 4th wave,
Saskatchewan has seen the number of COVID cases higher than ever. Besides Delta
and Lambda, the mu variant the virus has a “constellation of mutations that
indicate potential properties of immune escape.”[10]
With vaccination effects weakened and various variants emerged, medical
resources have been swarmed up. It is reported that in Edmonton regional
hospitals, 104 of 137 beds for critical illnesses are occupied by COVID
patients. Albertans wanted to release their anger through the medical officer
Deena Hinshaw, and the provincial government had to hire security guards at the
cost of $100, 000 a month to protect her safety. ICU capacity including surge
beds is at 86 per cent. Without these surge beds, capacity would be over 155
per cent[11]. In addition to the vaccine passport, Kenney
declared a state of public health emergency for the province. Because of the
number of patients in Alberta's intensive care units, 90 per cent are
unvaccinated. Businesses such as restaurants require Albertans to show a proof
of immunization or negative COVID-19 test result from the previous 72 hours to
access events and businesses. Starting Sept. 16, all businesses must implement
work from home measures unless it is absolutely necessary for employees to be
in the workplace. Masking is required for indoor public activities[12].
With about 10 million Canadians unvaccinated against COVID-19, the chances of
more widespread lockdowns are possible[13].
As a matter of fact, Sir Andrew Pollard, head of the Oxford Vaccine Group, said
on August 10 that herd immunity is “mythical” in relation to the Delta variant
– as it still infects vaccinated individuals though the Imperial College London
study findings also indicated that fully vaccinated people were about half as
likely to test positive after coming into contact with someone who had COVID
(3.84%, down from 7.23%)[14].
The side effect for late vaccination could be medical resource misallocation
and waste and chances for mass infection with many unvaccinated people getting
together for vaccines. In Saskatchewan, the government has canceled many
elective surgeries, and it aims to redeploy swaths of staff from across the
health-care system to cope with “unprecedented” strain and the new wave driven
by the extra-infectious and aggressive Delta variant in the province’s
emergency rooms as COVID-19 numbers shatter records[15].
The count of cases has been consistently more than 400 every day since 13 Sept
2021, and the count for Sept 19 and the one for Sept 20 are both over 500[16].
As of 17 Sept 2021, masks are required in SK to be worn in all indoor places
until at least Oct. 1, with some exemptions for people under 18 years old as
they compete in indoor sporting events. Starting Oct. 1, proof of vaccination
or proof of a negative test will be necessary at some businesses,
establishments and event venues. When that policy takes effect, the mask
mandate is expected to be lifted[17].
Well, if the situation were to develop in a city in China as in SK, many of the
provincial and municipal officials including the chief medical officer and the
mayor would have to resign, and words of apology would not be enough. The
decisiveness, the ability of organizing and mobilizing resources are to be
tested. As put by John Gormley and Dr. Kevin, doctors have to watch a video in
order to be "qualified" to administer a home test available only to
SHA people while US friends have the same technology in their homes, where
their families are self-testing[18].
Item |
AB |
SK |
QC |
Deaths |
2577 |
643 |
11325 |
Criticals |
217 |
57 |
95 |
Cases/100K |
6350 |
5307 |
4694 |
Source: COVID-19 Tracker Canada, 20 Sept 2021, https://covid19tracker.ca/index.html.
II. Importance of Participation in the Federal
Election
Canada is a democratic country, and the people
participate in politics through the election. By voting in the election, the
people decide which party wins and which party may be the majority party or
there will be no majority party. The ballot casting by minority groups can make
a difference by changing the balance of the power. Also, through bills passed
or vetoed in the Parliament, immigrants can better integrate into the Canadian
society.
III. Misconceptions during the Election
1. Foreigners Have Pushed up Housing Prices, and
Something Needs to Be Done
According to a report by Fraser Institute, foreign
buyers account for respectively 3.4% and 4.8% of the number of properties in
Greater Toronto and Metro Vancouver, and 3.0% and 5.1% of the value of
properties respectively. The vast majority of housing demand is local, and
Canadians can qualify for far larger mortgages than they could in the past with
easier access to credit and lower interest rates[19].
Immigrants, for example, owned proportionally fewer single-detached houses than
Canadian-born owners in Toronto and Vancouver. Information
from the Chinese-based website Juwai.com, estimated that in the first quarter
of 2020, Chinese nationals made 26.5 per cent fewer buyer enquiries on Canadian
property than in the fourth quarter of 2019. In Toronto, Chinese buyers made 34
per cent fewer enquiries on real estate in the first quarter of 2019[20].
Another report shows that 48.6% of cases involved Canadian
sourced funds being laundered (with US and China sourced funds accounting for
only about 34%), and the recent laundered amount in real estate is about $1
billion. Therefore, the problem is inside Canada[21].
2. Government Should Control Housing Prices
There is no logic for the government to suppress the
housing market because housing is a key industry which may affect building
materials, renovation, maintenance, roads and repair, as well as municipal
services. The property tax also relies on the value of the property. Government
role should be reflected in taxation and subsidies other than direct
intervention if there is no public good or service involved.
Currently, about 70% of Canadians own their own
properties[22].
Poor people can resort to social housing or affordable housing, which is
segregated from market housing. All these mean that the cost of housing
purchases is not an issue as big as it seems to be.
Direct government intervention may distort the market
and may not be effective. Housing speculation can be curtailed through taxation
and credit measures, as done in the US. For example, to curtail speculation, second
home buyers may borrow at a higher interest rate when they buy and pay a higher
property sales income tax when they sell. For foreigners, the measures for
domestic second home buyers can be applied to them when they buy their first
properties. No credit can be extended to them when they buy a second property.
3. The Super-Rich Are Sinful and Need to Be Penalized
The NDP has proposed a wealth tax on the super rich. Anyone
whose worth is more than $10 million will be forced to pay one per cent of all
of their wealth over that threshold every year. What’s more, the NDP would
raise the marginal tax rate to 35 per cent for anyone earning more than
$210,000. Further, they propose to increase the tax rate on capital gains to 75
per cent. That would be a big increase from 50 per cent at present[23]. Notice should also be
given that this is in addition to the present progressive income tax system.
According to Michael Smart, while
the poorest have an effective tax rate close to zero, those in the top tax
bracket fork over about a third of their income. A BMO report shows, fully 67
per cent of Canada’s millionaires earn their riches themselves, with only 20
per cent claiming they got rich in part because of an inheritance, and the
remainder making their money through one off events like divorce settlements or
marrying a wealthy spouse. Further, according to the same report, almost half
of Canada’s millionaires are either first generation immigrants or have at
least one parent who was born outside of Canada and, of this group, 68 per cent
say their wealth is self-created. As long as income is earned by hard labor and
legally, their interests and rights should be protected. Wealth and high income
does not automatically mean sin or evilness.
As put by Rupa Subramanya of National Post, the mania for taxing
the rich to finance the extravagant spending plans of some parties is a little
like killing the golden goose. Punitive taxation on the wealthy will only lead
to exit or tax avoidance, possibly both, and will be self-defeating. Although
you may get some eggs from the killed goose, but you may not see any more eggs
later on. Also, the rich people never lack
accountants to help with their taxes.
4. China Is a Threat to Canada
1) China Is Not a Threat
When talking about a threat, we naturally think of a danger or
nuisance or burden. China posts no danger to other countries as it declares it
will not and it does never invade any other country or make any country or
region as its colony. Actually, everyone is at panic what to do with
Afghanistan after the US army is withdrawn, and the US has to talk with China
about dealing with Taliban though China has nothing to do with Taliban. It is
declared that Guizhou Province of China was the last province that was removed
from extreme poverty in October 2020[24].China is a country with
1.4 billion people, so it may be a problem even to feed such a population, and
China has successfully solved that problem. Furthermore, China is the largest
exporter of the world in terms of its exports’ share of the world total in 2018[25]. Moreover, high levels of
export resilience have afforded China not only a swift export recovery from the
pandemic, but also allowed for further gains across a variety of export
sectors, even when those sectors have experienced overall decline. As a result,
China's share of global trade increased further during 2020, to nearly 15%[26]. Canada is a
trade-reliant country, and it needs to trade with China to improve the economy,
let alone Chinese experience in controlling the pandemic needs to be learned.
As for the human rights issue in Xinjiang, it is hard to imagine what Canada
could have done if there was terrorism as in Paris, let alone many large
international businesses eyed cotton business there. China solved the problem
well, and you can still see many churches are built and foreigners are welcome.
2) Need for a Better Relationship with China
Canadian relationship with China has deteriorated since the
arrest of Wanzhou Meng, Huawei’s CFO, on December 1, 2018 at the Vancouver
International Airport. The case has the following issues: inadequate evidence
for fraud; procedure issue during the arrest of Meng; political interference
from the US government as declared by President Donald Trump; and the fact that
Meng could not be found guilty in Canada so far. The question is: why should
Canada retain a woman (who is not head of Huawei) for more than 1000 days just
to please the US while she could not be found guilty in Canada? A good solution
to Meng’s case may not only improve the Sino-Canada relationship but also
enable Canada to leverage its role in RCEP with its more than 30% of global
GDP, 27% of global merchandise trade and 19% of world foreign direct investment[27]. As illustrated above,
Canada needs to develop a good relationship with China, and this good
relationship needs to be even strengthened. Below is why.
(1) Dampened Relationship with the US
Canada does not have many strong manufacturers, but Bombardier
is one of them. The once industrial conglomerate Bombardier has suffered from
both Boeing and the US government with a proposed 300% penalty duty and can no
longer regain its strength as the commercial aviation business is sold to
Airbus (marking the end of its failed bid to take on the commercial duopoly of
Airbus and Boeing Co.) and the train transportation business is sold to Alstom,
and the other business is also divided up by US and European companies. Well,
the other strength Canada enjoys is its rich oil reserves, and Canada can leverage
on it with pipelines built from Canada to the US. The Keystone XL pipeline was
expected to carry 830,000 barrels per day of Alberta oil sands crude to
Nebraska. Keystone XL was halted by owner TC Energy after U.S. President Joe
Biden revoked a key permit needed for a U.S. stretch of the 1,200-mile project[28], within hours of taking his oath of office. Former U.S. President Donald Trump had approved a permit for the
line in 2017. Canada supported the US in sending and stationing troops in
Afghanistan, but Canada has got nothing except for the 20,000 refugees and the
deaths of 158 soldiers[29]. Now Canada is accepting
5,000 Afghan refugees evacuated by the United States, federal officials said on
31 August 2021. They will be accepted as part of the government’s expanded
20,000 Afghan refugee program. However, there are still 1,250 Canadians stuck
in the Taliban-ruled country[30]. The question is that whether
Canadian lives will be sacrificed to get those refugees in and what priority
the government needs to set. Actually, according to Bill Bauer, former member
of the Canadian Immigration and Refugee Board, many countries look upon Canada
as being a welcoming country for terrorists, war criminals and so on. This may
not be a deliberate policy on the part of Canada. It is the result of a series
of shortcomings in the system that enables people to slip across the border
through any port of entry, establish a case -- particularly those who wish to
make a refugee claim -- and then more or less disappear forever. Of the 30,000
refugee claimants arriving in Canada every year, 60 percent of them arriving
have either no documents or claim to have no documents or have false documents,
and they all stay and they all proceed with their claim[31]. While the US has a very
strict screening procedure for those refugees from Afghanistan, Canada has a
more lenient way of dealing with them, making it hard for the US to deal with
Canadians at the border.
Recently, the Biden administration’s surprise decision to share
sensitive nuclear submarine technology with Australia brought a swift backlash
from China on Thursday, and an angry charge of betrayal from France, which said
the secretly negotiated deal reminded it of something President Donald Trump
would have done[32].Moreover,
the Canadian government was surprised in mid-September by the announcement of a
new security pact (which will allow for greater sharing of information in areas
such as artificial intelligence and cyber and underwater defense capabilities) called
AUKUS between the United States, Britain and Australia, one that excluded
Canada and is aimed at confronting China’s growing military and political
influence in the Indo-Pacific region, according to senior government officials
as they were not consulted or notified[33].
(2) Need for Economic Diversification and International
Cooperation
Canada’s economy is trade-reliant, with exports and imports each
accounting for a third of its GDP according to World Bank[34]. With its oil, potash,
advanced technology and technical know-how, countries like China need to be
cultivated as a long-term trading partner, let alone trading with China will
bring along some neighboring countries with its influence in the third world
and in the Asia-Pacific Region.
(3) China’s Rising Importance
Amid the COVID-19 pandemic, the value of Canada's
annual merchandise exports decreased 12.4% in 2020. One-third of the gain in
exports of farm, fishing and intermediate food products in 2020 was
attributable to higher exports to China, which rose 38.0%[35].
China is the only major country in the world that has positive economic and
trade growth during the pandemic, and this growth is foreseeable and
sustainable. Compared with other countries, China is more open and realistic
than India, and China’s economic structure is more complimentary with that of
Canada, not with that of Russia.
(4) A Good History
Canada has a good history of working with China.
Before the US formalized its diplomatic relationship with China, Prime Minister
Diefenbaker revitalized western agriculture through wheat sales to China and
agricultural reform. Pierre Trudeau was the first to recognize China in the
Western world. Chretien led a series of highly publicized “Team Canada”
missions to China. Stephen Harper did not attend the Beijing Olympics Games for
its human rights issue, yet he led there delegates from provinces and
territories, from oil and gas companies, banks and insurance companies, and the
trade deal reached to $20 billion[36].
(5) Singapore to Follow
Singapore is a very small country, yet its economic
performance and international image has rendered it a prestigious position.
Canada should try to learn some of its experience like trade orientation,
monitored democracy and neutral political position to achieve political
stability, economic freedom, diversity and a high standard of living.
5. Free universal Pharmacare and universal basic income
should be pursued
When we think of implementing a measure, we would want
to consider the importance or level of urgent need, the feasibility and the
sustainability. First, 90% of the people are already covered in Pharmacare
either through themselves or their family members, and there are already
programs for low-income people. Secondly there is the issue of source of funds
and what to do with other programs like EI or CPP. Guaranteed annual income
without affordable housing, universal Pharmacare, childcare, mental health
supports, boosting skills training and stronger retirement income security
isn’t going to be the panacea people think, as mentioned by a Brookfield
Institute fellow. (It’s) just as likely to be a Trojan horse for cuts to other
essential programs and leave recipients worse off. It would make the lives of
many of the most marginalized and vulnerable citizens worse, particularly if
they have a disability or a medical condition such as diabetes. Thirdly, there
is the issue of sustainable government revenue within a brewed laying-back
culture. Quebec economists warned that the cost to the treasury could be four
times higher after the labour market effects are taken into account, due to the
decrease in income taxes. Contrary to what is often assumed, guaranteed income
schemes may increase poverty rates and the incidence of low-income rather than
decrease them[37].
During the 1970’s, there was a Mincome program in
Dauphin, Manitoba, guaranteeing an annual income of $16,000 per person.
However, by 1979, far more families in Dauphin were seeking assistance than the
experiment had budgeted for, while the scheme’s payouts were rising with the
inflation rate. Soon, both the federal and provincial governments decided that
supporting it was no longer viable, and so the experiment was scrapped[38].
The three-year Ontario’s Basic Income Pilot Project started in late 2017 was
canceled 10 months later due to high costs, and the fact that "the program
didn't help people become 'independent contributors' to the economy”[39].
Well, how about the European countries? On June 5, 2016, Swiss voters rejected
by a vote of 76.9% to 23.1% the initiative “For an Unconditional Basic Income.”[40]
As for introduction of private companies into the
medical care system, the writer thinks it is an effective supplement to the
system with much more supply (for example, MRIs provided by private firms have
to be matched with one charged and one free) while the service standard can be
monitored by the government. Those who wait in line would surely prefer two
lines instead of one. Since October 2019, there has been a nine per cent
reduction in the number of patients on the MRI waitlist. The 90th percentile
wait time was 188 days for MRIs performed in the first quarter of 2021-22
(April to June 2021). As indicated in the graph, this represents an increase of
158 days from Q4 2020-21[41].
The reason for SK to not being able to reduce wait-times recently may have
something to do with the pandemic and the availability of medical resources.
Actually, according to the report, Waiting Your Turn, the average wait time for
patients in SK to receive medically necessary treatment was 19.8 weeks in 2017,
the second lowest in Canada, next to ON[42].
In 2018, a fall in wait-times in Saskatchewan (following substantial reforms of
its health-care system) allowed Saskatchewan to overtake Ontario and claim the
top-spot[43].
III. Election Result Forecast
The Liberals have improved their rating during the
pandemic, and their immigration policy has gained favor from the immigrants.
However, the Conservatives are still very strong, especially in AB and SK. The
parties to watch are Bloc Quebecois and NDP as they are the parties that may
easily change the balance. The regions to watch are Quebec, Ontario and Alberta.
If everything does not change much from 2019, the Liberals may still have a
minority party.
If the Conservatives want to win, they may have to win
over young people and some leaning to the left. They should think of ways to
increase jobs, training and mentoring for the young people instead of cash
disbursement and free-stuff giving away due to both the limit of financial
resources, government functions and the possibility of corruption. Also, they
can look to Bloc Quebecois and the People’s Party for support.
If the Liberals want to win, they may have to win over
immigrants and some right-leaning people. However, the likelihood for them to
unite with NDP has become obscure as the Liberals want to become the majority
in spite of their common ideology and occasional cooperation. There might be a
good chance for them to make an alliance with the Green Party.
The possibility to have a majority Liberal Party or a
minority Conservative Party may be small, yet there can be odds out of
expectation. However, if the Liberal Party has got a minority again, there can
be a reshuffle of the leaders of all the three major parties[44].
IV. Suggested Measures for the New Government
1. An Open Attitude in International Relations
Whether you admit it or not, international trade and
immigrants are vital to Canada due to comparative advantage and population
aging. The government should take measures to retain more graduates from
Canadian colleges and universities and keep attracting skilled workers and
businessmen to come to Canada.
2. A Good Rewarding System to Produce a Beneficial
Cycle
A good recruitment standard and rewarding system
should be able to reward the hard-working and good performers but punish those
lazy and undisciplined workers. The laying-back culture during the pandemic
should not be encouraged as equity and efficiency will be compromised. Equality
is a principle, but it is not a base to start from, as normal people cannot be
equal to handicapped people, and native Canadians cannot be equal to new
immigrants. Efficiency and effectiveness should be the purpose, so more
competition is needed, and more introductions of technical know-how and
advanced technology, expertise should be promoted and rewarded as that is the
trend and future. Moreover, the government should bear in mind that normal
businesses and individuals should be welcome as a positive member in the system
both to not rely on the government but also help the government. For example,
in late January of this year the City Council of New York passed legislation
that gradually lifts decades-old caps on street vendor licenses[45],
an act which can phrase out the underground market and get people to earn their
decent living.
3. Balance of Equity and Inflation
Canada’s net debt is now over $1 trillion, and this
debt is growing at the rate of $424 million per day[46].
Though many people are happy to receive government transfers during the
pandemic, but they are not aware they will bear the consequences for the
future, higher prices and higher taxes. With reduced purchasing power, the
Canadians will fare worse than before, let alone inflation expectation may
trigger a vicious cycle of price increases. The government needs to have a
balanced budget both to make the economy more sustainable and to create more
room for governance.
V. Conclusion
Canada has had several dozens of good years with its
abundant resources, hard-working faithful people, wise governance and
leadership. However, Canada cannot lay on its back as the situation is
different. There is urgency for wise decision-making based on sufficient correct
information, and there is a need for more friends other than enemies.
Hopefully, by election we will have known our direction better.
对 2021 年联邦选举的思考
摘要:虽然很多人对自由党的拨款感到高兴,但保守党仍然非常强大,影响力也越来越大。加拿大人最关心的问题是:流行病管理、生活成本和经济复苏。通过在选举中投票,人民决定哪个政党获胜,哪个政党可能是多数党,或者没有多数党。选举期间存在许多误解。其中一些是:移民推高了房价;富人应该受到惩罚;和中国应该被抵制,因为它是一种威胁。至于房地产问题,房产税取决于房产的价值。目前,大约 70% 的加拿大人拥有自己的房产。穷人可以求助于不受市场住房影响的社会住房或经济租住房。为抑制投机,二手房买家在购买时可以更高的利率借款,并在出售时支付更高的房产销售所得税。富人已经按累进税率征税,更高的罚款可能会迫使他们离开加拿大。中国不是威胁,因为它为经济繁荣、世界和平、污染和流行病控制做出了贡献。中国比印度更开放、更现实,中国的经济结构与加拿大而不是俄罗斯的互补性更强,更不用说两国经济合作有着悠久的历史。到目前为止加拿大对孟晚舟的拘留没有发现有正当理由,需要尽快解决。随着加拿大与美国的关系恶化,加拿大需要参与一个健康的多边安排,并在RCEP中发挥作用。不管你承认与否,由于比较优势和人口老龄化,国际贸易和移民对加拿大至关重要。联邦政府资源有限,而免费的药品计划以及最低保障收入计划可能会带来很多逆向效应。政府应采取措施留住更多加拿大高校毕业生,继续吸引技工和投资移民来加拿大。加拿大凭借其丰富的资源、勤劳忠诚的人民、明智的治理和领导,度过了几十年的美好时光。然而,加拿大需要确定其未来的目标和战略,并且确定明智和负责任的领导人。
关键词:联邦选举、多边贸易、移民
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