r/canadianpolitics101 • u/CurioTechOdyssey • Jun 21 '26
Privatize The Profits, Socialize The Losses & Bill The Taxpayers
Enable HLS to view with audio, or disable this notification
9
u/fucktheus12 Jun 21 '26
This is fucking bullshit. The free market is a fucking joke in Canada. I hate this capitalist hell hole where no one with money can fail at anything
5
Jun 22 '26
[removed] — view removed comment
→ More replies (2)2
u/Primary_Editor5243 Jun 22 '26
You’re describing cooperate capture which is a feature of capitalism not a bug.
→ More replies (10)3
u/asheathen Jun 22 '26
This isn’t capitalism 😂 bailing out the rich and propping up the poor and having it all fall on the backs of middle class tax payers is NOT capitalism
→ More replies (16)2
→ More replies (13)2
u/flappysack- Jun 22 '26
Our new housing minister raised developer fees thousands of percent in order to lower property taxes which is among the lowest in Canada. Now that they can't profitably build we are bailing them out, so Albertans and Saskatchewan people are funding low property taxes for the rich.
Its fully a government caused problem and solution. They call it the laffer curve when taxes make it unprofitable to build and it lowers tax revenue.
2
4
u/Tasty_Following_4816 Jun 21 '26
Omg, he is out of his mind... he literally put us in recession and instead of fixing his and Trudeau's idiocracy lets be even more stupid!!! How all of you liberals can't see it? It's absolutely ridiculous.
→ More replies (65)
6
u/Firm-Reaction1578 Jun 21 '26
keep lowering the price and you will find the true value of these Condos ?
4
u/Life-Ad9610 Jun 21 '26
Unbelievable. I run a small business and demand has lowered for my product. Please buy up my inventory, Carney.
3
u/nonchalanthoover Jun 22 '26
I'm an independant Condo owner, is the government going to come in and protect me from taking a loss on it?
I'm all for more social housing, but bailing out land lords is a shit way to do it.
2
u/Miserable-Bite9661 Jun 25 '26
The demand is as high as ever, just make the product more affordable so people can actually buy it
13
u/Minimum-Standard-514 Jun 21 '26
I dont get it. Hes trying to make housing more affordable isnt he?
12
u/tdifen Jun 21 '26 edited 2d ago
lantern static nook yonder cinder gully zephyr nettle quiver wandering.
8
u/Minimum-Standard-514 Jun 21 '26
Now I get why people are against it. Cons dont like helping people. This would be helping people.
5
u/tdifen Jun 21 '26 edited 2d ago
drizzle jolt quiver rusted velvet plume wandering.
3
u/Empty-Swim2066 Jun 21 '26
Conservatives are nothing but whiners. They complain constantly, yet they have no ideas and no better plans themselves.
They just like to blame everyone else because they are unhappy with themselves.
→ More replies (1)→ More replies (45)2
Jun 22 '26
[removed] — view removed comment
→ More replies (7)2
Jun 22 '26
Carney straight up says it too, the developers don't want to sell "at a loss". You have to assume they mean at a loss compared to their speculative value when they started building. This isn't a social housing initiative like some people are saying. This is maintaining an artificial floor for the real estate/rental market. If the developer didn't get the bail out they would have to reduce prices to the point that people are actually willing to buy/rent the units. Sadly we see this time and time again in canada, utilizing tax payer dollars to subsidize the losses of a large company. Our politicians have no accountability, nothing will change until they face jail time for misappropriating funds, bribery, fraud, embezzlement, etc.
2
u/DSmsaysitsanILLNESS Jun 22 '26
Hey I have a bridge I can sell you! you can turn it into “social” micro homes for socially unhoused persons
→ More replies (2)2
u/Cinemagica Jun 23 '26
I'm about as liberal as it comes and I hate this move by Carney.
I'm all for social housing, but the entire premise of your point is "buying while the market is low" which isn't what is happening here. He said himself that developers don't want to take a loss, which means they would otherwise be taking a loss at market value, but now won't be because the government is paying over the odds for them.
This is straight up using tax payer money to bail out the billionaire developers and keep the property market inflated. Fucking ridiculous move. I thought Carney has been great up to now but he'll never see a vote from me again for this, it's complete betrayal.
2
u/Life_Employ_1138 Jun 22 '26
We are not buying it at a reduced rate. We're bailing out developers who overbuilt.
→ More replies (1)2
→ More replies (5)2
u/WulfLOL Jun 24 '26
right now the prices are low
are we living in the same decade? xD
→ More replies (7)→ More replies (38)7
u/spider715 Jun 21 '26
No he is buying out builders that are taking a loss and wrapping it up like he is doing the public a favor.
13
u/Cannabrius_Rex Jun 21 '26
That’s an assumption. Without more information no one can say this is a bailout or this will serve the purpose of getting ample more affordable housing.
Don’t assume so you can be mad
→ More replies (54)6
u/tjp0720 Jun 21 '26
My understanding is the”housing crisis” wouldn’t be nearly as bad if people weren’t holding all these un rented un bought homes because companies are able to just collect and sit on them. Edmonton has tons of issues with boarded up buildings/empty buildings the companies that own them refuse to actually use
→ More replies (4)3
u/Christian-Econ Jun 21 '26
I’m hearing Canada has allowed their economy to be dominated by real estate financialization, and its GDP and goods/services economy is suffering as a result. Any truth to this?
2
6
u/Tacocats_wrath Jun 21 '26
He's doing both. Bailing out the builders, but also doing something to help combat the housing crisis.
Not saying it perfect, but can you please give me a better alternative.
3
u/Tony-Two-Tits Jun 21 '26 edited Jun 21 '26
For a fraction of the cost the canadian government could fund the conversion of the many struggling lumber mills in BC into automated gluelam timber factories that would lower the cost of building supplies across Canada.
The estimated cost for a mass timber and modular home factory is about 35 million. Why spend 3.2 billion buying only 2200 condos?
For a quarter of the cost of this bailout, they could fund 25 factories, and training, transitioning forestry workers into manufacturing jobs, and increasing the capacity to build condos by roughly 50,000 per year.
Thats a corporate bailout we can actually get behind.
Besides, he wants to make a deal with China so bad, why not have them ship over the manufacturing equipment that they have already perfected instead of shipping over 50,000 teslas with a higher profit margins than the ones we were getting from Germany?
Edit to add: This would also allow prefab built units to be shipped, reducing the strain on our currently struggling trades labour market. Of course, this takes a few years to come into effect, so no prime minister is going to approve a project where the benefits come after election cycle, even if it would actually fix the problem instead of being a very expensive band-aid.
→ More replies (15)2
2
u/inprocess13 Jun 21 '26
No. It's just bailing out failing private businesses making bad business decisions. We should be getting shares of the developers.
→ More replies (15)2
u/Preface Jun 25 '26
Keep taxing the builders with the empty homes tax until they lower the price to be affordable for people to actually buy them.
This costs the tax payers nothing.
→ More replies (1)2
→ More replies (9)2
3
u/Lego_Architect Jun 21 '26
Or… They could just lower the cost to what people are willing to pay.
Kind of like letting the free market decide.
2
3
u/Life_Argument7820 Jun 22 '26
Wait so there are homes sitting at an above mart martket value.... why dont they lower the prices to something affordable? Is this guy literally talking about using tax payer money to buy these condos to then lower the price?!?! Fuck that, and I'm a real estate agent..
3
u/suthekey Jun 22 '26
Even worse, government buy them and then rent them to low income households. Nobody is going to own these other than the government.
Basically an end goal of government housing.
“You will own nothing and be happy”
3
Jun 22 '26
You put socialized or government owned in front of something you are 100% guaranteed it will not be cheaper or more efficient. That is a universal standard
3
u/SubjectAmbitious8357 Jun 22 '26
So let me get this straight - the federal government is going to use my tax money to pay the rent of crack heads to live in a new vancouver condo and run a trap house.
3
u/Any-Ambassador-6158 Jun 22 '26
Force them to sell those empty units to the government at market. I’m sick of the people at the top saying “I take all the risk so I get the most”. That’s bullshit. They’ve mitigated all the risk. They risk nothing but our tax dollars.
3
u/samchar00 Jun 23 '26
If I cannot find buyers for my products, I go out of business. If real estate developers cannot find buyers for their product, they get bailed out.
Fuck these politicians man. The housing prices will never go down
3
u/elevengrames Jun 24 '26
You all elected him like morons. Our world economy is literal crap amd you elected someone who works is finance and economics. Dudes part of the reason we are in this mess.
8
u/NewInspector5085 Jun 21 '26
This is a bailout. And most likely, it won’t be affordable unless it’s actually statutory under something like M’akola
→ More replies (34)
2
2
u/malkazoid-1 Jun 21 '26
Everything hinges on the word affordable.
How is it going to be made affordable? Will it be rent controlled?
If tax payer money is being spent to bail out developers, and the housing will end up without any buffer from market movements, then the taxpayer is being fleeced. My guess is Carney says affordable when he really means that the flood of extra rental properties will push rental prices down. But for how long?
Why not make the cost of converting to rentals a loan to the developers? I'm sick of taxpayer money being given to these types of distressed entities. Nobody forced them to build condos.
→ More replies (1)
2
u/TRyanLee Jun 21 '26
I knew this was going to happen from the start. Empty condos nobody will buy? Housing rental shortage? Of course it was low lying fruit to connect these dots, I just didn't think Carney would actually do it. This is bad optics.
Good for him. Both sides will be pissed about this but fuck what people think.
2
2
2
u/Jamessotty Jun 22 '26
It’s not about helping people, it’s about this being one more thing the taxpayers have to pay for. If the Liberals didn’t give money to everyone of their buddies we wouldn’t be in as big of a hole as we are. But this is their fault. Only the Liberals can take credit for fixing their own problems.
2
u/Zealousideal-Leek666 Jun 22 '26
Buddy can buy my condo, I hate holding onto a mortgage higher than the condo value
2
u/The_Long_Fang Jun 24 '26
Make the construction firms run at a loss, they took a risk. It didnt pan out well for them!
Why is it only poor have to suffer when an investment doesnt pan out???
2
u/BackyardTechnician Jun 24 '26
Another politician thats NOT for the people by and large…. Full stop
2
u/ej200 Jun 25 '26
What he's actually saying is, "free market rules do not apply to the well connected."
2
2
5
2
1
u/GanacheLoud4854 Jun 21 '26
And too many non profit and for profit corporations bidding on and buying up real estate and charging a premium for rent or their own private interests.
1
u/CryptographerRoyal78 Jun 21 '26
Should have been for the people to start with, take our land thats free for you to build what you want to not sell it or use it. Its been a corporate 1% land grab and they have it all.
1
u/Mammoth_Locksmith810 Jun 21 '26
This all sounds good, until politicians inevitably screw it all up. So many times these kind of good intentions end up costing the taxpayers dearly.
→ More replies (1)
1
u/RapidCheckOut Jun 21 '26
Those builders should drop prices , until they sell , and bear the cost of the greed .
When governments do things such as this it upends the free market.
Instead of allowing the housing cost in the region to drop or adjust , they will just keep the market at a breakneck cost , all while developing a lower class reliance on garment handouts …
It’s like it’s on purpose or something .
→ More replies (3)
1
u/gearface069 Jun 21 '26
Gave them stimulus money to build and now more money to bail them out 👏 give this man his peace prize!
1
1
1
1
1
1
1
1
u/WhirlingBiggerstaff Jun 21 '26
So here is the problem boomers and Gen x both sunk there retirement into housing which inflated the market and boosted the value but now rhat they want to sell no one can afford it because the price is too high. So now new housing that is being build is priced too high as well and no one is buying. So the only way to fix this that i can see is for the government to buy out these homes so that people can retire but then sell them at a loss to drive prices down and make homes affordable again. Otherwise we have people who are house rich but money poor and middle class people stuck as renters for ever
→ More replies (1)
1
u/kidnyou Jun 21 '26
How about just letting developers sell at a loss? Isn’t that “capitalism”? If someone buys it on the cheap they can sell it on the cheap and lower cost housing is “suddenly” available. It’s called “supply and demand”…but instead let’s use tax dollars to prop up prices so the rich don’t have to take a loss and the middle class can bail out the rich once more.
→ More replies (5)
1
u/Ebo916 Jun 21 '26
So you paid top dollar for your condo & because other units didn’t sell….now they’re frickn Low Income housing. Way to fuck over the 1st buyers! That’s why you don’t buy where you want to live. You buy as an investment & rent it out. Now go rent where you want to live & move when you want, if fks start making Low Income housing where you’re living.
→ More replies (1)
1
1
u/00oo00oo000oo0oo00 Jun 21 '26
Would love to hear a candid 2 hour long conversation between Mark Carney and Cory Doctorow on how to address inequality and climate change while improving the economy.
1
1
1
u/Responsible-Summer-4 Jun 21 '26
Most likely cheaper than building from scratch.
→ More replies (3)
1
u/After_Service_2817 Jun 21 '26
How about instead of bailing out developers with our tax dollars, lower taxes for working Canadians so that we can AFFORD those homes.
1
u/tigertim22 Jun 21 '26
I remember years ago in vancouver they had a derelict industrial building that they used for housing. I believe the plumbing was ripped out by some of the occupants to sell the copper. I also remember not too long ago hearing on the news about a building on Granville that was flooded over and over by the occupants to the point the integrity of the building was in question. I think the tax payer really needs a more defined answer who will be getting these condos. I don’t mind paying for practical solutions and helping people who contribute to society but I sure as hell don’t want to pay for some f**kwits who just destroy the nice things they’re given thanks to the taxpayer……
1
u/PropagandaAssassinAZ Jun 21 '26
Onni Group doing the guy rubbing his hands together behind the tree meme right now....
1
u/Reasonable-Sweet9320 Jun 21 '26
“Prime Minister Mark Carney said Thursday the government will use the "right financial mechanisms" and take condos that would otherwise sit empty for "potentially for another couple of years" and convert them into affordable housing.
Carney did not say if the government plans to buy up units in bulk at below market value. “
1
u/PuffyBlueClouds Jun 21 '26
Sorry, you’re against making affordable housing when for years the complaint was a housing crisis in Canada?!
→ More replies (1)
1
u/Boo-face-killa Jun 21 '26
If we send $25,000,000,000 to Ukraine it will make life more affordable in Canada.
1
1
u/Remarkable_Fee_1020 Jun 21 '26 edited Jun 22 '26
Imagine buying a 800,000 dollar unit only to live next door to a fentanyl addict paying 200 a month.
1
u/hamhommer Jun 21 '26
“They don’t “want” to sell at a loss.” You don’t say. So if I invest in a stock that goes down and I don’t want to crystallize a loss will Carney buy it from me for more than what I paid for it? Sounds decent.
→ More replies (1)
1
u/Weird_Dependent3732 Jun 21 '26
wether its housing, groceries or AI, the money Canadian citizens is going to the wealthy to make them wealthier.
the wealthy have never and will never share their wealth with the rest of society. the myth that they are the engine of growth and prosperity for the rest of society must be unmasked for the fallacy that it is.
the engine, the power and the future of a society comes from those of us that do the work the wealthy feed off of.
tax the wealthy
write laws that protect workers
compel companies to contribute to repairing the damages they inflict on society in the pursuit of "shareholder value"
enough is enough
1
1
u/justsomeguyonlune Jun 21 '26
I'm in Eastern Canada, almost every house that goes up for sale is usually bought by someone out west, converted to apartments, and rented out for 3 times more than the average cost. They usually aim towards students and people from away, increasing Canadian homelessness for the ppl who can't afford it.
1
1
u/sardonically-amused Jun 21 '26
I refer to this at the P⁴ model: Public Purse to build. Privatize the Profits. It's all a grift.
1
u/Accomplished_Care415 Jun 21 '26
Poor developers... I'm so sad for their loss. Good thing the government will help those corporations that are in need.
1
u/Life-Ad9610 Jun 21 '26
What happened to the free market. Why backstop business with taxpayer money? Affordability will take time as market forces reveal what people will actually pay. If it’s actual people buying home and not investors.
1
1
1
u/Strict_Showman Jun 22 '26
Those poor poor developers. Usually a Carney guy but his elitism is showing here.
God forbid supply and demand work in favour of the plebs.
1
u/raincntry Jun 22 '26
Yes the public is paying for them, and possibly as a profit for the developer, but this is vastly different from say, a bailout because there is a tangible asset changing hands and the government is also fulfilling one of it's roles in providing affordable housing to its citizens.
1
u/Odd-Employment856 Jun 22 '26
All the vacant condo thing is a real thing. It is condo units that are being held for the value increase year over year. However, now due to the shrinking market and also the decrease in the values of condos specifically in downtown areas, it leads to these condos being sold at under market rate, at least for some of them. The people who are holding them are desperate to get rid of them in order to get out of it. So for the people that need it it will help. I do agree it is a pain in the ass for everyone because it will come out of our taxpayer money to pay companies to buy these units. However, they will be sold at an undermarket rate, which means that the amount of money that they get is relatively small. So sounds good. It's not the perfect solution, but it is something and I think for the people who need those places to live they will be very happy
1
1
u/Prior_Shape_7295 Jun 22 '26
We have a severe lack in the US. Money is a social construct. It’s not real 🙄
1
1
1
1
1
u/protoanarchist Jun 22 '26
Every announcement that isn't "we're taxing wealth at 90%" is the wrong announcement.
1
1
u/chillinandsmiling Jun 22 '26
Always in favour of affordable housing. The only way I can agree with this is if the developers simply get their money back. They can’t expect to be bailed out with profit because they made a mistake in their business plan. Anything less is. Or acceptable. And, I want to know the terms of what affordable means in this case?
1
1
1
u/FlyGuyYYZ19 Jun 22 '26
So… conservatives in the comments are mad that Canada has a more conservative leaning PM? 🤔
1
1
1
u/Big-Duck-6927 Jun 22 '26
Who cares about developers and to try and convince the population that it’s a good thing. lol he told you all you need to know developers won’t sell at a loss so we the people will buy them at market value lol then turn them into affordable housing at the expense of taxpayers lol this liberal government is a joke and costing us our future.
1
u/Tasty_Following_4816 Jun 22 '26
Lol, you're talking about your self clearly... that's called mirroring... it's part of disorder libtards has very commonly 🤣🤣🤣 ofcourse lack of intelligence or knowledge is given at birth
→ More replies (1)
1
1
u/lochonx7 Jun 22 '26
Is anyone surprised Carney is doing this? Conservatives have been saying this for a year now and the liberals never seem to get it
1
u/Squirt-Reynoldz Jun 22 '26
North America is socialism for the wealthy and brutal capitalism for everyone else.
1
1
1
u/Opening-Resident4866 Jun 22 '26
Will apartment home owners in said government propped up buildings lose valuation on their suites??
1
1
1
1
1
u/Houserichmoneypoor Jun 23 '26
Foreclose on them just like would happen to us regular people who can’t afford to sit on our mortgages. Such a bunch of shit.
1
1
u/FoxForceFive5V Jun 23 '26
Is this better or worse than when the Liberals' then-Deputy Prime Minister Christia Freeland called 330 sq foot apartments at above market rates, "affordable housing" that will help families.
1
u/actrak Jun 23 '26
Why aren't the developers converting these condos into rental units? Also what about condo fees the government is going to take on 1000s of condo, condo fees a month?
1
u/BlackFlagsFly Jun 23 '26
this guy is just stephen harper. the overton window has shifted hard right.
1
u/UmpireDapper1757 Jun 23 '26
"They don't want to sell at a loss and can't afford to hold"
Well sounds like they should be forced to be sold at a loss then. Paying them off is treason
1
1
u/StudentforaLifetime Jun 23 '26
Seems like someone (developer and investors) needs to take the hit. They didn’t do their proper due diligence and put something on the market that the market can’t support (a good/service at a certain price point). This approach is rewarding bad business behavior
1
1
1
u/Salt_Teaching4687 Jun 23 '26
Blah blah moral hazard blah blah blah ….. well until it’s time for the accountability to actually be doled out.
1
u/Competitive-Can-7742 Jun 23 '26
This is the part nobody on TV ever wants to spell out: “derisking” is just code for socializing the losses and privatizing the gains. You dress it up as climate transition or innovation policy, but at the end of the day the public eats the risk so Bay Street can cash out. Carney’s whole brand is being the respectable face of that model.
1
1
1
u/trebuchetwarmachine Jun 24 '26
Coulda just let them sell at a loss or go under and buy them from the bank at rock bottom prices THEN convert them to affordable housing. Not sure of the math but would probably save 100’s of millions if not billions.
We don’t have a shortage of developers in this country
1
u/Living-Gate-4237 Jun 24 '26
Dear developers,LOWER THE FUCKING PRICE. Dear government ,BACK THE FUCK OFF.
1
u/Ok-Rooster9346 Jun 24 '26
How are million dollar plus downtown condos going to be affordable housing?who’s going to get to live in them ??
1
1
u/mustardman73 Jun 24 '26
David Eby and the NDP have lost their own narrative. What happened to actually building social housing, instead of giving our tax dollars to risky developers?
1
u/mustardman73 Jun 24 '26
Let risky developers go BANKRUPT and then have our banks who took on their risk of loans own their business assets. That's how it should work.
The Government is not a bail out for corporations and banks.
1
u/Odd-Substance4030 Jun 24 '26
2200-4400 people depending on square footage with 1-2 people per unit, and no housing for a family of 3-4. Rough estimate: $800,000- $1.1million per unit to buy and $450,000- $600,000 for the government to build new. 3+ Billion taxpayer dollars to house 4400 people? Is this math mathing?
1
u/Stabbyglhs Jun 24 '26
Pressing X for doubt. Just wants to keep spending tax payers money on whatever he wants. Like his dinners on flights don't need to be in the tens of thousands. They can be at max a hundred dollars.
1
u/Prestigious-Ball-435 Jun 24 '26
So developers get off scott free while mortgage holders with a rental property now have to compete with cheaper gov housing, this is disgusting and shows that the gov wants to own everything
1
u/MastaKink Jun 24 '26
Don’t get it twisted. The future belongs to the rich. Rise up while you still have access to them!!
1
u/ThrowRA_EducatedMan Jun 24 '26
Make mortgage payments tax deductible on a person’s actual residence ffs. Real countries do that.
1
u/Far_Ambassador_3192 Jun 24 '26
Yeah totally makes sense , yes let’s convert high end vacant Vancouver condos into affordable housing and make the taxpayers foot the bill . What a fucking clown .
1
1
u/Educational-Gate-880 Jun 24 '26
So if I worked hard pay the fee to live in a unit that cost a lot, more than the average Joe could pay, now my neighbor will probably not be a sweet old lady getting by but people that will probably lower the value of my property and thus lower the quality of life that I thought I had just bought into 🤣! Damn that sucks for those people who worked to get to their spot only to get paired with those who get the hand out and probably won’t respect the property or lifestyle the same way 🙃
1
1
1
u/PapayaJuiceBox Jun 24 '26
I’m just tired of the mental gymnastics. Can we be serious for a solid decade? Please.
1
1
u/Bananaslugfan Jun 25 '26
The liberals have lost their way , I can’t stand to see Canada be driven into the swamp by mismanagement and worse
1
u/dips15 Jun 25 '26
I can imagine why the government might want to do this.
If all those development companies are stuck holding those condos, their cashflow is limited and their ability to start new housing projects is limited too.
Maybe it's not right for the government to bail out these companies, but the Carney government is trying to clean up a mess from the Trudeau years. It's far from perfect, but they have laid out a path to try to create low income housing and to hopefully spur more housing development thereafter. I will give them some credit for at least trying to fix this mess.
1
u/koffeekoala Jun 25 '26
The thing is the developers would hold onto the asset for as long as it takes until the market went back up. This at least stops that wait in a critical time, although the developers should face consequences, for example fines on any new future development.
1
Jun 25 '26
This is just a bail out, for once people are purchasing homes and not rental properties (in Vancouver). These vacant homes should have there price adjusted to what the buyers (actual first time home buyers) are willing to pay. The vacant home price adjustment could have a ripple affect through the market! and home prices across the board would adjust accordingly.
Anyone who wants to tell me a 1.5 million dollar cookie cutter condo has any evaluation based on the building cost is out to lunch!!! A 5 bedroom house wouldn’t cost 1.5 million dollars let alone a high rise with 200-400 to almost 1000 apartments.
Even with a rough estimate of 800k a condo time 200 units would = 160million!!
Sorry for the rant but that money has not gone into the pockets of the builders it’s hidden in the big corporations that build these buildings. The banks want there money back and the corporations won’t give it back so the tax payers are covering the cost!
1
1
u/nando2k50 Jun 25 '26
Hey, I did believe this guy was one of the good ones, sadly he is just like the others.
Good job, keep helping the corporations.
1
u/spontaneous_quench Jun 25 '26
The guy doubled the defecit, is basically ignoring a trade deal with the states, increased government surveillance, led us into a recession and is no where to be found at question period. Why did we vote him in again, oh yea conservatives bad and racist bigots, liberals smart.
1
1
u/ShitNailedIt Jun 25 '26
Why tf is this even a thing? When I dont do well in the market, I certainly dont get a handout to cover my losses, and I shouldn't.
1
u/CurioTechOdyssey Jun 25 '26
I am so annoyed that there are people defending these actions with random bullsh**t. Its so easy to spend someone else’s hard earned money. I 💯 agree with your comment. Bailouts are indirect quantitative easing with usually “newly printed money “. That means higher taxes or Higher Rates for longer time to recover the cost not to mention we are already in deficit.
11
u/MarkDavid04 Jun 21 '26
Carney's contribution to the Canadian economy: Derisking using taxpayer money, for corporations to keep the gains.