New B.C. NDP cabinet to focus on 'kitchen table' issues, premier says - Ahead of cabinet swearing in Monday, David Eby draws 'bright line' on who he will work with amid slim majority
New B.C. NDP cabinet to focus on 'kitchen table' issues, premier says - Ahead of cabinet swearing in Monday, David Eby draws 'bright line' on who he will work with amid slim majority
"Our hands are outstretched to any MLA that wants to work with us on [our] key priorities with just one bright line exception: we will not tolerate hate, discrimination, conspiracy theory garbage."
"To have the audacity to say that they will and will not work with someone, I'm sorry, that is not his choice," Rustad said. "That is not something he has the authority to do."
Yes it is lmao. His party has a majority and does not have to work with you, you sore loser.
Also shame on Weaver and the others who are throwing shade on Eby for taking this stance. Conspiracy-laden fascist garbage like Rustad shouldn't ever be given a single morsel of cooperation or respect. I find it hard to believe that Weaver would have ever worked with the likes of Rustad, so him saying this just reeks of double standards.
They won't be able to address the cost of living issue.
They can't. The policy changes required are too painful for voters to accept.
The easy fix to make cost of living cheaper is to crash the price of homes. Cheaper homes means cheaper labour (since people don't need to make as much to rent/own) which in turn translates to cheaper everything produced by labour in this country. It makes our country more competitive globally too, though certain imports would be more expensive relative to percentage of income than they are now.
The government could crash home prices in a half dozen different ways, but it means that existing home owners would lose almost all the value of their home, which they've been told their entire life is an investment. Some people would literally end up with no retirement funds because they were banking on their house getting them through the last few years. Almost everyone who bought in the last 10 years would end up with mortgages which are greater than the value of their home that they would still have to pay legally.
We aren't talking about a few thousand dollars here either, a single condo owner would lose multiple hundreds of thousands of dollars and some families would lose more than a million dollars on single family home. It would bankrupt almost every single landlord, even those people who just rent a suite and rely on it to pay the mortgage.
I don't think voters are willing to do that, given that close to 65% of Canadian homes are owned by the family that live in them, and home owners tend to vote more than non-owners.
We've built a pyramid scheme on real estate, and far too many Canadians are invested in their home to want to let the system crumble. So we're just fucking the next generation harder and harder until eventually we won't have a choice.
Well said. I think bringing the house price down will hurt not just owner as you said. It will hurt the government quite a bit. I remember a good chunk of Vancouver government revenue (to lazy to check the exact amount) is coming from property tax. And that is a percentage of the house price. They would have to cut lots of expenses if housing prices do go down. Which most voters won't enjoy either.
First of all, I agree with almost everything you have said. Trudeau has stated that he wants to keep the price of housing "flat". I'm sure the NDP can also implement policies to do that if they wanted. Do you think that this is a way to get out of the pyramid scheme? I feel like just because we've built the scheme up a lot, it doesn't mean all hope is lost
The fix either has to be so slow "flat" that it takes longer than I have left to live, or it will be seriously damaging to the average family who owns their home.
That's more just about picking which generations to fuck over, than it is about anything else.
Unfortunately voters tend to be selfish, so it's most likely they choose to fuck over the future generations rather than themselves.
Ideally however, the government could work to hold the price of homes relatively constant, and let inflation slowly bring them back into affordability. This would piss off everyone, but it would safely deflate the bubble without damaging people’s retirement too much.
That wouldn't really work well, I did the math a couple years back, and waiting for inflation to correct housing prices back to "affordable" based on the standard definition in Vancouver or Toronto would take almost a century.
It's better than nothing, but it wouldn't significantly help anyone who's struggling now, or really anyone who's already been born. A new baby born tomorrow is looking for housing in 20ish years... And if rents stayed the same as they are today and wage inflation was fairly normal during thay period, minimum wage would be around $30 an hour or around $4000 a month full time and a one bedroom apartment in Vancouver or Toronto would still cost well over half their gross income.