zlacker

Canada is addicted to rent seeking, monopoly businesses, corporations that push regulatory capture on the gov't and then parasitize, and -- most of all -- ripping resources out of the ground and selling them cheap, or doing the same with real estate.

My latest annoyance is all the moaning and groaning about the latest capital gains tax increase. People complaining on one hand about how the Canadian economy lacks productivity, and then screaming to high heaven about tax policy that mostly only impacts people making quick speculative cash.

Investment takes no risks in this country because they don't have to. They just dump money into real estate or oil & gas instead and then hang at the lake in the Muskokas.