There are some very simple things the government could do to boost our own domestic economy, and reduce our increasingly vulnerable reliance on trade.
While trade tensions with the US escalate, there is not nearly enough discussion of things Canada could be doing to strengthen our own domestic economy, increase our national security, and reduce our dependence on foreign countries.
After all, the more dependent we are on other countries, the more vulnerable we are, and reducing that vulnerability should be the goal of the federal government.
Here are 6 ways we can do that:
1 – BUILD UP OUR ARMED FORCES
Canada’s military is massively underfunded in all aspects. We don’t have enough troops, we don’t have enough tanks, we don’t have enough planes, and we don’t have enough ships.
By launching a large expansion of our military, Canada would reduce our reliance on other countries, make our country safer, create more jobs, give a boost to our steel industry, strengthen our manufacturing sector, and build our domestic defence industry.
2 – LARGE TAX CUT FOR WORKING CLASS & MIDDLE CLASS CANADIANS
By bringing in a huge tax cut for working class and middle class Canadians, the government would boost the spending power of Canadian families, which would increase domestic consumption and provide a boost to GDP that wouldn’t be dependent on external trade.
3 – SCRAP THE CARBON TAX
The carbon tax has pushed tens of billions of dollars out of Canada and into the United States. Companies look at the two countries, and the carbon tax makes them see the US as a better place to invest, grow, and create jobs. Scrapping the carbon tax would send a clear message that Canada is open for businesses, and would bring jobs and money back into Canada.
4 – REDUCE FEDERAL SPENDING
A military build up and large tax cut would be expensive. But paying for that wouldn’t be tough. Federal spending has been growing far faster than the rate of inflation, especially on salaries for bureaucrats. A simple hiring freeze and effort to find 5% efficiencies would save tens of billions every year, making a military build up and big tax cut very affordable. Also, cutting foreign aid and keeping Canadian tax dollars within Canada would save billions of dollars – money that could be used to build up our own country
5 – CUT REGULATIONS AND UNLEASH CREATIVITY & ENTREPRENEURSHIP
Another reason for Canada’s big investment collapse is the fact that the Trudeau government is imposing more and more bureaucratic regulations – which adds to the costs of doing business and once again pushes investment to the US. Cutting those regulations would be a huge boost to our economy and would unleash the creativity & entrepreneurship of the Canadian people – which is all too often held back by the government.
6 – BUILD THE ENERGY EAST PIPELINE AND EXPAND PIPELINE CONSTRUCTION TO ELIMINATE OUR USE OF FOREIGN OIL
It’s a pathetic disgrace that Canada uses foreign oil. We have gigantic oil reserves, yet because of government incompetence and bowing down to radical leftists, we can’t even get pipelines built in our own country to spread our resources throughout our own land.
Building the energy east pipeline, and expanding pipeline construction across Canada (which goes hand in hand with point 5 about cutting regulations) would reduce our dependence on foreign countries, and create tens of thousands of jobs for Canadians. Additionally, we should be constructing new refineries, which would reduce our dependence on the US.
Those six measures would be a big benefit to Canada, and would help insulate us from external trade crisis damage. We can’t control what other countries do, but we can control how we respond to it.
The measures above would go against the obsession with trade that currently takes hold among the political elite, but if we want more economic independence, we need to move beyond the dangerous failure of globalism.
The truth is that a more nationalistic approach is necessary to secure our Canadian economic future.