When unintended consequences are so clearly obvious – there is no other conclusion to reach but that governments are incompetent. And the interventions in the real estate market by all three levels is proof of that.
Famed economist, Thomas Sowell once said, “I can’t think of a more stupid or dangerous way of making decisions than by putting those choices in the hands of people who pay no price for being wrong.” Unfortunately with Bill C-76 Canada came up with a more stupid and dangerous way.
Call it astounding, shocking, incompetent – despite rising deficits, unfunded pension liabilities and escalating healthcare costs, Canadian governments have focused on derailing two of Canada’s most important industries resulting in major job and revenue losses.
Efforts to improve society and our quality of life are hindered by the unwillingness of our political and media leaders to understand the impact of economics on every facet of life. For example, poor performing markets impact retirement, and a low value Canadian dollar impacts wages and consumer costs.
Some people talk and some people do – and then there are those who “do” so much for us all at great personal cost. This year’s honouree would never be consider for “Person of the Year” by the Canadian Press or other mainstream outlets because of his straightforward stand that “access to a waiting list does not constitute access to healthcare” challenges the status quo healthcare delivery in Canada.
Our elites didn’t predict Brexit or Donald Trump’s election and they show no sign of understanding what’s going on in France with tens of thousands protesting the latest tax increase on gasoline and diesel in the name of fighting climate change.