Budget day

[shtferbrains]

Still the best finances in the G7 and far better than Trumps!

According to the LPC?

It's all good then?

[fjlip]

Get off CBC...CC!

[cropgrower]

according to Frazier institute canada's finances are deteriorating at the fastest rate in G7 , so soon will be worst , while elbow up simpletons tell us all is wonderful

[AlbertaFarmer5]

Cropgrower, if you were emigrating from Ireland today, what country would you choose?

[cropgrower]

Cropgrower, if you were emigrating from Ireland today, what country would you choose?

Honest answer is i don't know , certainly would not be canada , here people vote for a decreased standard of living , and pay far more attention to the blue jays than the destruction of their own country

[blackpowder]

Talk is cheap and I think you'll find those tendencies everywhere in the Western world. I just don't watch TV anymore lol.
Having said that, I appreciate the ability to be left alone I find in places like Montana.

[chuckChuck]

Again GDP per capita is not an accurate measure of the standard of living.
Read it agin

Per Capita GDP is a Deeply Flawed Measure of Economic Performance and Living Standards

? By Jim Stanford

[url]https://centreforfuturework.ca/2025/05/06/per-capita-gdp-is-a-deeply-flawed-measure-of-economic-performance-and-living-standards/[/url]

It is misleading to use per capita GDP to grade Canada’s overall economic performance or, as it often is used, as a proxy for measuring living standards.
Per capita GDP is a simple ratio of the total value of goods and services produced for money in an economy divided by that jurisdiction’s population.
The math sounds easy. But the methodology is complicated. Equating average output per person with the standard of living in a country is not credible.
Per capita GDP has a numerator (GDP) and a denominator (population). Canada’s numerator has not performed badly by international standards.
Real GDP growth over the past decade averaged close to two percent per year, despite a shallow recession in 2015 and a bigger downturn during the COVID-19 pandemic. That’s the second fastest among G7 economies, behind only the U.S.
It is the denominator, therefore, that explains Canada’s seemingly poor performance by this measure. GDP has grown but not as fast as the population.
Indeed, in recent years, Canada has had its fastest population growth since the 1950s. The population grew three percent in each of 2023 and 2024, almost entirely due to immigrants – two-thirds of whom were non-permanent arrivals (on temporary work or student visas).
The impact of rapid population growth on an arbitrary statistical ratio hardly proves a broader economic failure.
The link between immigration and GDP is indirect and felt with a time lag. Canada cannot expect the arrival of new Canadians to immediately boost GDP in the same proportion as the existing population for many reasons. It takes time to find work, gain skills and develop productivity.
Any surge in immigration will normally result in lower average per capita GDP, but that doesn’t mean Canada’s previous residents suddenly became poorer. It simply means that Canada is absorbing new people to lay the groundwork for future expansion. The resulting decline in per capita GDP cannot be interpreted as evidence of a more general malaise.
It is also worth noting that many of the business voices now bemoaning Canada’s per capita GDP performance were the same voices demanding more access to temporary foreign labour after COVID-19 (to solve purported labour shortages and reduce wage pressures).
It’s contradictory for them to now complain about poor GDP per capita resulting precisely from the temporary immigration they demanded.
GDP itself – the numerator of the ratio – encounters numerous conceptual and methodological questions, casting further doubt on its validity as a measure of living standards.
GDP includes many components that have no direct bearing on the quality of life, such as depreciation, real estate commissions and imputed rents on housing.
It is tricky to measure real GDP over time and even trickier to compare it across countries, different currencies and different prices.
Moreover, simple per capita averages ignore how GDP is distributed. Only about half of GDP is paid to workers. Much is captured in profits and investment income, disproportionately concentrated at the top of the income ladder.
Very high incomes for a rich elite can pull up average GDP per capita figures, even when most members of a society face hardship.

International comparisons reveal flaws of evaluating economic performance by GDP per capita

The top four countries on the International Monetary Fund’s per capita GDP ranking are all tax havens: Luxembourg, Switzerland, Ireland and Singapore.
A fifth, Liechtenstein is not included due to incomplete data, but its GDP per capita (US$186,000) is the highest of all – helped by the fact its population is just 40,000.
These countries receive inflows of profits from global companies lured by low corporate taxes and lax banking rules. Those inflows boost GDP per capita (with profits credited to local subsidiaries of those global firms), but have little impact on work, production or living standards.
Ireland, for example, has recorded the fastest growth of real GDP per capita of any OECD country over the last decade and its GDP per capita is purportedly twice Canada’s.
Ireland is a wonderful, fascinating place. But any visitor can immediately confirm it is not rich. Average living standards (evidenced by wages, housing, health and poverty) are no higher and, by some measures lower, than Canada’s.
Because Ireland’s corporate tax rate is lower than other European Union countries, global multinationals have established Irish subsidiaries to receive intracorporate transfers. In 2023, more than half of all net value added in Ireland consisted of business profits – two thirds of which belonged to foreign firms.
GDP per capita has soared but living standards have not. Because the whole model is driven by corporate tax avoidance, the Irish government’s ability to capture some of that largesse for domestic use is constrained.


?

[sumdumguy]

Jim Stanford, director of Unifor trade union. Try again left-wing lunatic.

[chuckChuck]

Some dumb guy you really got to have a better comeback than that! LOL

Read this as it explains clearly why GDP per capita is flawed and cites Ireland as an example


International comparisons reveal flaws of evaluating economic performance by GDP per capita

The top four countries on the International Monetary Fund’s per capita GDP ranking are all tax havens: Luxembourg, Switzerland, Ireland and Singapore.
A fifth, Liechtenstein is not included due to incomplete data, but its GDP per capita (US$186,000) is the highest of all – helped by the fact its population is just 40,000.
These countries receive inflows of profits from global companies lured by low corporate taxes and lax banking rules. Those inflows boost GDP per capita (with profits credited to local subsidiaries of those global firms), but have little impact on work, production or living standards.
Ireland, for example, has recorded the fastest growth of real GDP per capita of any OECD country over the last decade and its GDP per capita is purportedly twice Canada’s.
Ireland is a wonderful, fascinating place. But any visitor can immediately confirm it is not rich. Average living standards (evidenced by wages, housing, health and poverty) are no higher and, by some measures lower, than Canada’s.
Because Ireland’s corporate tax rate is lower than other European Union countries, global multinationals have established Irish subsidiaries to receive intracorporate transfers. In 2023, more than half of all net value added in Ireland consisted of business profits – two thirds of which belonged to foreign firms.
GDP per capita has soared but living standards have not. Because the whole model is driven by corporate tax avoidance, the Irish government’s ability to capture some of that largesse for domestic use is constrained?

[cropgrower]

The easily manipulated elbow simpletons keep telling us how wonderful canada is while they yell Trump Trump !
if you point out anything that is wrong or could be better all they can come up with is to tell you to move
Canada is home to some of the most brainwashed people in the world