Many leaders are pushing guarantee income as part of social policy reforms. The problem is guarantee income is very costly for government with limited benefit in areas of productivity and job quality.
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
The COVID19 crisis has led to many issues including a rise with both income inequality and poverty. Countries around the world need to work fixed their enconomic and fiscal policies.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Too many governments are looking at stop gap areas to help shore up support. The problem is many stop gap areas are not strong policies.
If you want to fixed income disparity then it is not by one off policies, but many policies.
Summary:
I support review of all programs to ensure they are effective in terms of improving outcomes. More oversight needs to be done on all social welfare programs to ensure they are helping people but also supporting the growing of the economy in a sustainable way.
1. EI and its effectiveness - https://www.rand.org/blog/2021/01/unemployment-insurance-and-the-failure-to-reform.html
2. Failures of UBI - https://troymedia.com/politicslaw/universal-basic-income-has-been-tested-and-failed/#.YchnUVlOlPY
3. Failures of all levels of government to address the skills gap - https://www.randstad.ca/best-jobs/top-15-jobs/
4. Housing costs - https://canadiandimension.com/articles/view/navigating-the-housing-crisis-with-poverty-wages
5. Stifling of FDI - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
6. Food costs - https://www.ctvnews.ca/business/here-s-how-much-more-canadians-can-expect-to-pay-for-food-in-2022-1.5699941
7. @JonathanWNV @cafreeland @JustinTrudeau @s_guilbeault Congrats on moving the Cdn economy to your govt & real estate-driven economy. The NR growth should be higher, but your policies have ensured that won't be the case! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-october-2021
8. Oil importance - https://www.teslarati.com/tesla-elon-musk-oil-gas-workers-support/
9. Child benefit - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
10. Tax and spend policies - https://www.ey.com/en_pl/government-public-sector/six-ways-that-governments-can-drive-the-green-transition
Guarantee Income| Canada| Analysis and Commentary| February 2019paul young cpa, cga
Social welfare is key area for people, especially when they are in between jobs. The problem is too many governments want to use tax dollars to provide guarantee income to able-body people.
The emphasis on welfare should be given more money to people that need it more in terms their social-economic background
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
Left always believe that middle to upper class people need to support low income people. The problem with this argument is that you cannot tax people to wealth.
The role of government is to provide support programs as part of transitioning people into new careers. This presentation looks at CERB and EI programs.
The COVID19 crisis has led to many issues including a rise with both income inequality and poverty. Countries around the world need to work fixed their enconomic and fiscal policies.
Canada has been going through a period of slow growth since 2018. The inaction of the Liberals through bad tax policies along regulatory burden have expedited the slow growth. The Liberals approach was not about reforming govt, but growing the size and cost of govt.
2019 Election| Social Programs and Taxation | Canada | June 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Too many governments are looking at stop gap areas to help shore up support. The problem is many stop gap areas are not strong policies.
If you want to fixed income disparity then it is not by one off policies, but many policies.
Summary:
I support review of all programs to ensure they are effective in terms of improving outcomes. More oversight needs to be done on all social welfare programs to ensure they are helping people but also supporting the growing of the economy in a sustainable way.
1. EI and its effectiveness - https://www.rand.org/blog/2021/01/unemployment-insurance-and-the-failure-to-reform.html
2. Failures of UBI - https://troymedia.com/politicslaw/universal-basic-income-has-been-tested-and-failed/#.YchnUVlOlPY
3. Failures of all levels of government to address the skills gap - https://www.randstad.ca/best-jobs/top-15-jobs/
4. Housing costs - https://canadiandimension.com/articles/view/navigating-the-housing-crisis-with-poverty-wages
5. Stifling of FDI - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
6. Food costs - https://www.ctvnews.ca/business/here-s-how-much-more-canadians-can-expect-to-pay-for-food-in-2022-1.5699941
7. @JonathanWNV @cafreeland @JustinTrudeau @s_guilbeault Congrats on moving the Cdn economy to your govt & real estate-driven economy. The NR growth should be higher, but your policies have ensured that won't be the case! https://www.slideshare.net/paulyoungcga/gdp-canada-analysis-and-commentary-october-2021
8. Oil importance - https://www.teslarati.com/tesla-elon-musk-oil-gas-workers-support/
9. Child benefit - https://www.fraserinstitute.org/studies/does-the-canada-child-benefit-actually-reduce-child-poverty
10. Tax and spend policies - https://www.ey.com/en_pl/government-public-sector/six-ways-that-governments-can-drive-the-green-transition
Guarantee Income| Canada| Analysis and Commentary| February 2019paul young cpa, cga
Social welfare is key area for people, especially when they are in between jobs. The problem is too many governments want to use tax dollars to provide guarantee income to able-body people.
The emphasis on welfare should be given more money to people that need it more in terms their social-economic background
There are more to fixing income inequality than making changes to social programs. There needs to be emphasis on all angles of policies from training/skills development to Economic Development to Tax fairness to cutting regulatory burden/businesses.
Left always believe that middle to upper class people need to support low income people. The problem with this argument is that you cannot tax people to wealth.
The role of government is to provide support programs as part of transitioning people into new careers. This presentation looks at CERB and EI programs.
We are heading towards uncharted water when it comes to handling of a pandemic in Canada. This presentation looks at the key initiatives in place as part of measures to support Cdns.
Income inequality has been around your decades. Very few governments have had success with squashing income inequality. One could argue Scandinavia countries have done a good job eradication of income inequality but when you take a deep look then you will see high cost of living and lack of desire to work.
Blog – Failure of Trudeaunomics – October 2021
Inflation went from 1% in 2015 to 1.9% in 2019 and now is 4.7% in Oct/21
Public sector jobs continue to outpace the private sector jobs
GDP went from 3.0% in 2017 to 1.6% 2019 (pre-Covid)
Housing prices continue to rise
Welcome to @justinTrudeau ‘s Canada
Blog – The Failure of Trudeaunomics – April 2022
Trudeau deficits led to nothing but higher taxes and anemic growth
Trudeau did little to help the middle class
Trudeau policies towards the natural resource sector led to less FDI as compared to its peers like Australia
Trudeau’s carbon tax has not been revenue neutral
Trudeau critical metal strategy is relying on innovation that does not current exist when it comes to sourcing lithium from tailing ponds and/or other sources.
Trudeau’s ministers claim the PBO report did not look at all angle is incorrect. Canadians are looking at ways to deal with high inflation including curbing consumer spending
Trudeau never mentioned the fact that Canadians have the highest household debt ever in the history of Canada.
Cost of living has hit 40-year high
More and more of the middle class are left out of the housing market
Canada continues to face productivity and innovation challenges
Federal government refuses to review its carbon pricing model
Poverty rates may be down, but there are issues with the rise in the cost of living
Many cities have vacant property that needs to be repurpose for other uses
Education needs to better align with the jobs of today and tomorrow
Housing starts are not keeping pace with population growth
Business automation will continue to impact employment markets
All levels of government need to address issues with productivity
All levels of government need to reduce operational cost through streamlining of their various delivery models
All levels of government need to work together on social transfer including better ways to support those that need the help the most
Transforming the Public Sector| The United States| January 2022paul young cpa, cga
Summary
The world continues to head to big government.
More needs to be done to safeguard assets by the public sector.
Audited emergency and crisis management reports should be part of the fiscal management cycle
More money for auditor-generals as part of expanding performance and value for money audits across agencies and GBEs
Compensation and benefit reforms as part of reducing the cost of government
More adoption of the digital model as part of streamlining the government programs as part of better delivery of program spending through value fore money!
1. State and local government - https://www.govtech.com/security/general-hacking-community-tops-state-local-it-security-fears
2. Fiscal outlook - https://www.governing.com/finance/the-outlook-for-public-finance-in-2022-in-6-themes
3. Internal control - https://deloitte.wsj.com/articles/5-trends-influencing-internal-control-strategy-01641332680
4. Geopolitical risks – https://thehill.com/policy/equilibrium-sustainability/589435-climate-crisis-is-greatest-global-risk-in-2022-world
5. Climate mitigation - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
6. Value for money - https://www.hilltimes.com/2022/01/10/dont-look-up-and-how-canada-needs-to-get-to-effective-climate-mitigation/337151
7. Big government - https://www.economist.com/europe/2022/01/08/the-return-of-big-government-sparks-questions-for-europe
8. Privacy - https://openmedia.org/press/item/the-state-of-privacy
9. ESG - https://www.icaew.com/insights/viewpoints-on-the-news/2022/jan-2022/summary-of-public-sector-sustainability-reporting-landscape
10. Urban Planning - https://tomorrow.city/a/over-planning-and-the-risk-of-creating-less-inclusive-cities
Trudeau came to office in 2015 when GDP growth for 2015 was about 1% (https://www.cbc.ca/news/business/gdp-economy-1.3470453). Trudeau promise small deficits during the 2015 election (https://www.cbc.ca/news/politics/canada-election-2015-liberals-infrastructure-deficits-1.3205535.
Trudeau deficits were never small. The budget balance for period close March 2019 was $14B (https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html).
Trudeau’s latest budget runs a higher deficit. Trudeau budget like previous budgets does not deal with productivity issues. Trudeau housing policies have been a colossal failure! https://www.slideshare.net/paulyoungcga/budget-2022-path-forward-for-canada-pptx
GDP for 2019 was estimated at 1.6%. https://www150.statcan.gc.ca/n1/daily-quotidien/200228/dq200228a-eng.htm. Liberals will argue that the GDP rate was 50% higher than October 2015. What the Liberals will not discuss is Harper was running 2.3% average growth rate for GDP (Post 2009 Recession) https://www.focus-economics.com/country-indicator/canada/gdp as compared to the Liberals that was running about 2%
1. Housing affordability – During 2015 election is when Ralph Goodale said Harper had the worse household debt in Canadian history https://nationalpost.com/opinion/ralph-goodale-the-myth-of-the-roaring-canadian-economy . Fast forward to 2022 and now you are seeing household affordability the worse in over 30 years - https://www.macleans.ca/longforms/down-payments-are-less-affordable-than-ever-unless-you-have-generational-wealth/
2. Trudeau’s deficits with neither effective nor small - https://torontosun.com/opinion/columnists/goldstein-lets-stop-pretending-trudeaus-deficit-projections-are-real
3. Trudeau environmental policies had many issues - https://www.theglobeandmail.com/politics/article-contradictory-spending-slow-pace-trouble-trudeau-governments-emissions/
4. Immigration is a concern due to fact there is a job quality issue - https://www.slideshare.net/paulyoungcga/has-canada-immigration-policies-been-effective
5. GDP was sluggish pre-covid19 and little was said by MSM and Trudeau’s team - https://www.slideshare.net/paulyoungcga/world-and-slow-economic-growth
6. Supply chain was in bad shape pre-covid19 - https://www.slideshare.net/paulyoungcga/analysis-of-the-goods-producing-sector-canada-august-2019-and-september-2019
7. Trudeau never brought Canada back on the world scene - https://www.slideshare.net/paulyoungcga/foreign-affairs-and-policies-is-canada-back-250969830
8. Trudeau promise to help small business and the went on to hiking small businesses taxes as he called small business owners tax cheats. https://www.slideshare.net/paulyoungcga/canada-small-business-survival-analysis-and-commentary
9. Trudeau promise to be more open and transparent and has failed - https://www.slideshare.net/paulyoungcga/justin-trudeau-governance-model-january-15-2022
10. Trudeau policies never address productivity - https://www.slideshare.net/paulyoungcga/how-to-improve-canada-global-competitiveness-250791285
11. Trudeau’s team has ignored many audit reports. Trudeau has done little to improve outcomes on various programs - https://www.slideshare.net/paulyoungcga/fiscal-update-for-canada-december-2021
Blog – Failure of Trudeaunomics
Justin Trudeau may key promises in 2015.
a) Making housing more affordable. Housing has grown on average of nearly 10% per year as compared to wage growth of 3.2%
b) Household debt has hit record levels since 2015
c) FDI has gone elsewhere to countries like Australia - https://www.austrade.gov.au/news/economic-analysis/who-invests-in-australia-analysing-2020-s-4-trillion-record-for-foreign-investment
d) Inflation is at an 18-year high - https://www.linkedin.com/posts/malundy_canadian-inflation-hits-30-year-high-as-omicron-activity-6877347398188982272-DjpM/
e) Trudeau’s deficits were neither small nor effective to address issues facing the economy like productivity, innovation, skills gaps, housing costs, etc. - https://www.slideshare.net/paulyoungcga/how-can-bank-of-canada-achieve-its-2-inflation-target-for-canada
1. Wage growth – https://www.saltwire.com/nova-scotia/news/wage-growth-outpaces-inflation-as-job-vacancies-surge-to-record-100672882/
2. Housing - https://betterdwelling.com/canadas-gap-between-real-estate-prices-and-incomes-looks-ridiculous-beside-us-data/
3. Record household debt - https://www.reuters.com/markets/rates-bonds/canada-q3-household-debt-to-income-ratio-rises-1773-2021-12-10/
4. FDI in decline as compare to Canada’s peers - https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/policy-advocacy/cpa-canada-tax-review-initiative/taxes-and-canadians/stifling-foreign-investment-holding-canada-back
5. Job Quality - https://www.thestar.com/business/2021/12/09/small-businesses-automating-to-deal-with-worker-shortage-survey.html
6. Canadian dollar - https://www.nasdaq.com/articles/canada-fx-debt-canadian-dollar-extends-rebound-as-domestic-economy-grows
7. GDP and slow growth - https://thoughtleadership.rbc.com/the-great-canadian-restart-how-2022-can-spark-an-era-of-greener-more-robust-growth/ and https://www.bnnbloomberg.ca/canadian-consumers-power-5-4-annualized-growth-1.1688906
8. Immigration - https://www.bnnbloomberg.ca/canada-tops-record-immigration-goal-of-401-000-residents-1.1700063
9. Inflation - https://www.healthing.ca/opinion/opinion-ottawa-gets-an-inflation-dividend-the-rest-of-us-dont/
10. Job vacancies - https://www.ctvnews.ca/business/labour-shortages-continue-as-quarterly-job-vacancies-reach-all-time-high-1.5718167
Transforming the Public Sector| The United States| February 2022paul young cpa, cga
Summary:
What’s next: Manchin’s priorities are getting plenty of consideration as Democrats look to salvage their economic agenda, but as we said yesterday, changing the plan to suit Manchin is sure to raise some other Democrats’ hackles. “There could be significant difficulties in selling the package to progressive in the House,” Bloomberg’s Jennifer Epstein, Erik Wasson and Laura Davison report, citing a senior House Democrat. “Spending $800 billion would be a 75% cut from last year’s goal of a $3.5 trillion package. Trimming it down to primarily the climate change initiative would leave just one or two other programs, leaving many member priorities on the cutting room floor, the Democrat said.”
The bottom line: We started the week by telling you about a debate around Modern Monetary Theory, a school of economic thought that sanctions aggressive deficit spending and says resource constraints rather than fiscal constraints should underpin spending decisions. Did that line of thinking win in the pandemic response, or has it failed? We’re ending the week with an indication of just how much the political and policy winds around deficits have shifted in the last year or two.
Source - https://finance.yahoo.com/news/biden-plan-b-build-back-235849730.html
1. Fiscal gap – USA – https://www.mining.com/web/as-us-national-debt-hits-30-trillion-higher-borrowing-costs-negative-real-yields-will-make-it-harder-to-finance/
2. Property Tax - https://www.thebalance.com/best-and-worst-states-for-property-taxes-3193328
3. USA debt hits 30T - https://www.mining.com/web/as-us-national-debt-hits-30-trillion-higher-borrowing-costs-negative-real-yields-will-make-it-harder-to-finance/
4. State and Local Government - https://icma.org/blog-posts/4-factors-influencing-local-government-financial-decisions
5. Stimulus - https://www.northerntrust.com/europe/insights-research/2022/weekly-economic-commentary/crisis-that-wasnt
6. Healthcare - https://www.thedailybeast.com/doctor-shortages-in-the-us-after-covid-are-creating-a-looming-healthcare-crisis
7. Economy - https://www.dailykos.com/stories/2022/2/5/2078776/-Biden-takes-credit-for-blockbuster-jobs-report-as-GOP-caught-off-guard-from-his-economic-success
8. Keynesian - https://fee.org/articles/the-return-of-keynesianism/
9. Spending - https://www.gao.gov/blog/usaspending.gov-offers-insight-government-spending-data-quality-and-user-awareness-impact-its-usefulness
10. Pandemic responses - https://www.gao.gov/press-center/2022
11. Inflation and Drug Prices - https://www.reuters.com/world/us/biden-touts-plan-bring-down-drug-prices-helping-tame-inflation-2022-02-10/
12. Infrastructure bill - https://www.brookings.edu/blog/fixgov/2022/02/11/fighting-fraud-waste-and-abuse-the-infrastructure-bill-and-lessons-for-the-future/
This presentation provides information on the Liberal economic and fiscal policies since the Liberals took office in November 2015. The readers of this presentation can make draw their conclusions based on this analysis.
Summary:
More and more business processes are being automated.
Skills of today and tomorrow are required years of education and certification.
Public sector jobs continue to outpace the private sector in terms of growth
More emphasis needs to be on developing natural resources in a sustainable way
EI program for Canada needs to be spun off into separate entity from the government.
Sick leave programs should be tied to EI.
1. Retailers and Sick leave - https://www.ft.com/content/b190494e-fa0c-4b52-9f18-cf838e15ab72
2. Abuse - https://www.invictusgroup.co.za/abuse-of-sick-leave-and-acting-in-good-faith-towards-your-employer/
3. Skills gaps - https://www.foxnews.com/opinion/covid-revealed-soft-skills-gap
4. Skills gaps - https://www.chieflearningofficer.com/2022/02/21/the-8-5-trillion-dollar-skills-gap-how-learning-leaders-must-address-it-through-talent-and-tech/
5. Digital - https://www.themanufacturer.com/articles/paperless-manufacturing-digital-solutions-help-bridge-the-inevitable-skill-gap/
6. Automation - https://www.workstream.us/blog/will-robots-replace-hourly-workers-how-automation-is-transforming-companies
7. Public sector - https://www2.deloitte.com/us/en/pages/public-sector/articles/future-of-public-service.html
8. 3D printing - https://www.peterfisk.com/2022/02/think-it-make-it-3d-printing-is-ready-to-transform-manufacturing-and-supply-chains-who-are-the-most-innovative-companies/
9. Top careers - https://www.linkedin.com/business/talent/blog/talent-strategy/most-in-demand-jobs
10. Red tape - https://www.renewcanada.net/feature/5000090754-2/
11. Skills gaps - https://www.comptia.org/blog/top-it-skills-in-demand
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Internal Controls
• SME – Financial Planning and Analysis
• SME – Business Strategy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. AGENDA
• What is guarantee income
• Cost of Guarantee Income
• EI program
• Supply Chain Flow with Consumers and income
• Wages, Housing Prices and Inflation
• Average Wages / Canada
• Finland
• CERB
• Job Quality / Blog
• Blog – Guarantee Income
4. WHAT IS GUARANTEE INCOME
• Guaranteed minimum income (GMI) (also called
minimum income) is a system of social welfare
provision that guarantees that all citizens or families
have an income sufficient to live on, provided they
meet certain conditions.
Source - Wikipedia
5. COST OF GUARANTEE INCOME
Source - https://www.canadianmanufacturing.com/financing/basic-income-pegged-at-98b-as-calls-for-it-grow-due-to-covid-19-256637/
6. ONTARIO GUARANTEE
INCOME• Volunteers in Peterborough and the City of Kawartha Lakes have
been lobbying to be test communities for Basic Income Guarantees, a
program that ensures every resident has enough money for food, rent
and other necessities. The goal of the program is to create a healthier
population so there are fewer demands on health and other social
services when people fall into crisis.
• Retired Senator Hugh Segal’s report on a minimum income for
Ontario was released in November. It would see Ontario set up a
multi-year pilot to measure its effectiveness starting in April, 2017.
Segal recommends a monthly payment of at least $1,320 for a single
person which is about 75 per cent of the province’s poverty line.
7. EI PROGRAM
• There are different EI programs available for people, but the key is you have to qualified for those programs -
https://www.canada.ca/en/employment-social-development/programs/ei/ei-list.html
• The program has caps “For most people, the basic rate for calculating benefits is 55% of the weekly average
insurable earnings. Effective January 1, 2018, the maximum yearly insurable earnings is $51,700. This means
that you can receive a maximum amount of $547 per week.” - https://www.canada.ca/en/employment-social-
development/programs/ei/ei-list/reports/regular-benefits/duration.html
• EI fund should be spun off from the government and put into a separate private enterprise with oversight
including audits and better positioning of surpluses - https://www.canada.ca/en/employment-social-
development/programs/ei/ei-list/reports/premium/rates2020.html. Too many times govts have used the
surpluses to balance their budget and that should never happen. The fund surpluses should go back to
employers and employees through change to payouts or training support or other initiatives.
8. FEDERAL GOVERNMENT / INCOME
SUPPORT
Source - https://www.canadianmanufacturing.com/manufacturing/benefit-to-covid-19-impacted-workers-may-be-model-for-future-qualtrough-249780/
Dubbed the Canada Emergency Response Benefit,
the $2,000-a-month taxable benefit will be
available to any worker who earned $5,000 in the
previous year and whose income drops to zero due
to COVID-19.
Qualtrough says the government opted for the
single benefit because the decades-old employment
insurance system wasn’t designed to handle an
economic shock where millions of workers wouldn’t
qualify for assistance.
Funded partially outside the EI system, the new
benefit has pushed direct financial aid in the
economic package to $52 billion, out of the $107
billion overall total.
Qualtrough said close to 10% of EI-eligible workers
have applied for help in just over a week and the
labour crunch is likely to get worse.
• The government role is to review all programs to ensure
they are effective. EI has run a surpluses which
governments have used to balance their budget -
https://www.cbc.ca/news/canada/government-broke-law-on-
ei-financing-in-3-years-top-court-1.750084
• EI should be independent corporation with oversight
including audits
• The program should be better aligned with economic
growth and risk management -
https://www.slideshare.net/paulyoungcga/global-risk-and-
how-to-implement-a-risk-management-to-your-
organization
• Govts have not take lessons learn from previous stimulus
as part of re-assessing its programs -
https://www.slideshare.net/paulyoungcga/is-global-
economic-stimulus-required-to-support-slow-world-
economic-growth
• All level governments need to do a better job of managing
both their economy and their fiscal cycle -
https://www.slideshare.net/paulyoungcga/fiscal-and-
economic-management-canada-230721080
9. 2020 COVID CRISIS
• Governments always face challenges that can impact their economies. It is important for all levels of government
to properly manager risk management including risk mitigation strategies -
https://www.slideshare.net/paulyoungcga/global-risk-and-how-to-implement-a-risk-management-to-your-
organization
• Governments need to learn from past mistakes as part of improving things going forward. There were lessons
learn from previous outbreaks that should have form a plan on handling future crisis. The problem is
government focus is too narrow and that needs to change - https://www.slideshare.net/paulyoungcga/the-
importance-of-value-for-money-and-perfomance-based-audits
• All levels of government were slow in responding the crisis. The molehill became an mountain which require
stimulus to support workers - https://www.slideshare.net/paulyoungcga/global-and-canada-stimulus-response-to-
covid19
10. SUPPLY CHAIN FLOW
Consumers Retail Stores
Wholesalers Manufacturers
Analysis
• Employment Income
• Business Income
• Pension Income
• Social Welfare Payments
• Carbon Tax impacted energy costs
(AB, ON)
• Ontario has high hydro rates
• High housing costs
• Wages are not keeping pace with
inflation
11. WAGE GROWTH
Spencer Fernando – April 8, 2017
As reported by Bloomberg, average hourly wage increases were up
1.1% year-over-year, which was the lowest increase since 1998. It is
also far below the historical average of 2.7% in the last 10 years.
When looking further into the numbers, things are even worse for
permanent workers. They had the lowest wage growth since 1997.
And when it comes to the province-by-province picture, the increase
in Ontario was only 0.1% year-over-year, which is the lowest
increase ever recorded.
So much for Sunny Ways!!
13. ENERGY POVERTY – PREMIER WYNNE
• There has been no shortage of industry experts or professors on this show
over the years that warned we were heading for energy poverty.
• Why did she ignore the catastrophic confirmation from experts, including
her own party sources, and continue to double down while wallowing in her
majority?
• Why did they not scrap the act that lacked due diligence, along with cost
analysis, and start over?
• Wynne play on people’s sensitivity for the environment
Global News – Scott Thompson – March 28, 2017
14. BLOG – GUARANTEE INCOME /
SWITZERLAND
Switzerland said no to Guarantee Income –
• “In Switzerland, opponents warned that the proposal would derail an economic model
that, far from showing signs of near-collapse, has allowed the country to remain among
those with the highest living standards in the world, even with a growing and aging
population. Switzerland has an unemployment rate of around 3.5 percent, less than half
the average in the European Union. The backers of the plan did not detail how it would
be financed. But the Swiss government and almost all the main political parties had
urged voters to turn down the guaranteed income plan, warning that it would require
raising an additional 25 billion Swiss francs a year through deep spending cuts or tax
increases.”
https://www.nytimes.com/2016/06/06/world/europe/switzerland-swiss-vote-basic-
income.html (You cannot tax people to prosperity)
15. BLOG – SOCIALIST DIERDRE PIKE VS
COMMON SENSE
If this person can work, then she should be working!
Hamilton has lots of jobs openings!
https://www.slideshare.net/paulyoungcga/city-of-hamilton-
issues-and-solutions-may-2018 or
https://www.thespec.com/news-story/8727662-hamilton-
unemployment-rate-drops-to-4-6-per-cent/
If you notice my work is backup, right?
If this gal as well as other made poor career choices that is
their problem!
16. ONTARIO/SOCIAL SERVICES
Source – Government of Ontario
• Govt of Ontario 3rd largest
spending is social services
• Guarantee Income
Supplement requires
monitoring which means
govt workers.
• Many of the Candidates
selected either ran business
or had no interest in
working
• Welfare is need to help
people get back on their
feet. Welfare should be
more targeted to benefit the
ones that need it the most.
• Socialists feel govt role is
take care people from cradle
to grave.
17. JOB QUALITY
• There has been a job quality issue for the past 30 years. The job quality has gotten worse over the past 4+ years
due to failed economic policies of the Liberals - There is a job quality issue in Canada.
https://www.slideshare.net/paulyoungcga/job-quality-canada-vs-usa
• Liberals keep pushing welfare state as part of Agenda 2030 - https://www.slideshare.net/paulyoungcga/canada-
and-agenda-2030-justin-trudeau-end-state-for-canada
• COVID-19 Crisis may change how supply chain management works, especially near shoring. Countries need to
ensure their economies are competitive - https://www.slideshare.net/paulyoungcga/what-is-going-on-with-
canadas-competitiveness
• Government role is set economic policies to encourage economic growth -
https://www.slideshare.net/paulyoungcga/slow-economic-growth-canada-march-2020
21. CERB
• What is the CERB?
• $500/week or $2,000 per month - https://www.canada.ca/en/revenue-agency/services/benefits/apply-
for-cerb-with-cra.html
• CERB extension / cost - $43B+ first few weeks and another $17B (extension)
https://www.cbc.ca/news/politics/cerb-extension-pbo-1.5623507 or https://www.pbo-dpb.gc.ca/en/covid-19
• Fraud / https://www.cbc.ca/news/politics/cerb-repayments-claims-tips-abuse-1.5605838
• People making more on the CERB - https://globalnews.ca/news/7092281/cerb-back-to-work-dilemma/.
22. FINLAND AND GUARANTEE INCOME
Source - https://www.reuters.com/article/us-finland-basic-income-
idUSKCN1PX0NM?utm_campaign=trueAnthem:+Trending+Content&utm_content=5c5d4d5b04d3011dd162b83f&utm_medium=trueAnthem&utm_source=twitter
Finland said “Guarantee Income did nothing for employment
Source -
https://globalnews.ca/news/4777313/liberals-
national-guaranteed-income/
The Trudeau Liberals appear to be
warming to the idea of a guaranteed
national minimum income as they
search for ways to help Canadian
workers adapt to an unsteady labor
market.
It has been the liberals that have introduced
bad policies
• C69 – Pipelines
• Carbon Taxation
• Small Business Tax Reforms
• Hikes to CPP
Source -
https://www.slideshare.net/paulyoungcga/is-
canada-losing-its-business-competitiveness-
february-2019
23. JOB QUALITY
Here is a look at job quality - https://www.slideshare.net/paulyoungcga/job-quality-canada-235057299
1. There is a job quality issue.
2. Government needs to focus on the goods producing sector
3. Technology is going to lead to more automation
4. Public sector needs to be reformed.
https://www.slideshare.net/paulyoungcga/canada-what-is-happening-with-the-middle-class
24. BLOG – GUARANTEE INCOME
• More op-eds by CBC as an attempt to show @justintrudeau managing of the financing is on par with Harper
• Trudeau has increase overall spending from year over year average was 6.7% as compare to Harper’s 3.8%
• Trudeau took $1B surplus and turned it into $18B deficit
• Trudeau decided to slash the AG performance management audits, why?
• Trudeau has a made a mess of every file including immigration - https://torontosun.com/news/national/illegal-border-processing-
costs-alone-to-exceed-1-billion-pbo-report
• Trudeau’s policies are more about votes than sound policies. The tax cut did little when you factor in Trudeau eliminated income
tax splitting, boutique tax credits and hiked CPP - https://www.thechronicleherald.ca/news/canada/for-millennials-in-canada-the-
middle-class-dream-slips-a-little-further-away-oecd-300708/ or https://www.slideshare.net/paulyoungcga/2019-election-middle-
class-canada-june-2019
• Trudeau’s policies have made Canada less competitive - https://www.slideshare.net/paulyoungcga/2019-election-canada-and-global-
competitiveness-may-2019
• You cannot not just look at GDP ratios. You also need to look at outcomes along with expense growth year over year in relation to
Taxation and GDP growth - https://www.slideshare.net/paulyoungcga/2019-election-gdp-and-economy-canada
• Trudeau’s policies have support only 10% increase in goods producing sector jobs. Goods producing sector jobs pay on average 40%
more than service sector jobs. - https://www.slideshare.net/paulyoungcga/2019-election-employment-market-canada-may-2019
•
• Source – https://www.slideshare.net/paulyoungcga/2019-election-fiscal-management-canada-june-2019
25. SUMMARY
Source - https://www.metronews.ca/news/winnipeg/2016/03/03/winnipeg-mp-petition-for-guaranteed-income.html
• The MP table the change has said nothing about the $185B that is already available to various groups as part of the income re-
distribution. We have seen in Scandinavia countries that if you change income with people then it does not motivate them to achieve
more in life.
• Let's face facts current programs that support low income except for minimum wage are paid out a tax bucket. So, if you make changes
then you likely going to either change threshold for people or you are going take control of the money and lump into one group of people.
The problem with guarantee income it means different things to different groups of people
• Trudeau has decided to raised taxes as well as introduced more regulations - https://www.slideshare.net/paulyoungcga/class-warfare-
canada-taxation-february-2019 or https://www.slideshare.net/paulyoungcga/designing-social-programs-and-tax-fairness-policies
• Wealth tax and its impact - https://www.slideshare.net/paulyoungcga/wealth-tax-does-the-world-need-a-wealth-tax
• Trudeau focus has not been about making Canada competitive in terms of Foreign Direct investment -
https://biv.com/article/2019/01/headwinds-horizon-canadian-mining
• Trudeau is trying to used guarantee income to buy votes because his economic policies have been failures -
https://www.slideshare.net/paulyoungcga/gdp-analysis-canada-november-2018