Thursday, November 6, 2025

i would support a 30% tax on sports players salaries, but the tax for yachts was probably largely performative, as there aren't that many of them in canada, like there aren't many flamingos or elephants. canada is not a prime destination for yachts.

the tax on capital gains is something i strongly supported, and it is difficult to understand the logic in removing the tax on unused property, other than that the government is (somewhat predictably) aligning with property owners that want to leave property empty to reduce availability and raise rents. if the tax on vacant property was not funding enforcement mechanisms, which i doubt, it should have been increased so it does. the tax on carbon emissions isn't working anyways, and should be replaced with a general and broad hike on corporate taxes, but i am concerned that carney is bringing back nonsense about carbon capture and storage, and planning to waste taxpayer funds on a technology that doesn't work, rather than passing a law telling industry to do it to the extent that they can, or pay for the emissions if they can't.

investment in r & d and in infrastructure (including housing) are things i support, and i'd be happy to support a 100 billion dollar deficit that is intending to overhaul truly public infrastructure to reduce emissions and modernize more generally. that is overdue. however, a quick perusal of the proposals (i haven't looked at it in depth) suggest that the funding priorities are rather in the form of corporate subsidies and handouts of taxpayer dollars to massive conglomerates. while the claim may be to influence company direction on it's face, the truth appears to be that the purpose is to increase their company's stock prices. if the canadian government wants to control the direction of these industries, it should nationalize them so that it captures their revenue stream, but it doesn't intend to do that, and we will probably hear little to nothing about much of any of this in the next five years, as the money disappears into ceo bank accounts, flees the country and/or ends up in trust funds for their kids. it's just a giant kick-back scheme to defraud the country and plunge it further into debt.

this consequently looks less to me like it's an infrastructure budget and more to me like it's the worst corruption we've seen in canada in decades, and if the imf has to step in, the unfortunate truth is that, perhaps, it should. the canadian state has wanted to change it's demographic structure to be a third world country for decades. well, welcome to africa, canada.

whatever you think of mark carney broadly, it is not ambiguous that his class solidarity lies with the bourgeoisie and the funding decisions you're seeing in the budget reflect that.