Inflation: Canada's elite are making workers pick up the bill
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- Опубліковано 1 жов 2024
- The price of everything is skyrocketing.
But Canada’s elite are making us pay for it, while protecting the major culprit: obscene corporate profits.
Martin Lukacs explains how they're waging a class war against workers.
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This discussion needs to be the focus of every news agency across Canada!
You are correct!
Wages are not driving inflation, capitalism is!
Exactly the same thing is happening in the UK.
This was great but just to add: At 1:30 you go over how wage hasn't kept up with inflation, stating that wages went up by 5% - BUT what's missing here is that that 5% is still NO WHERE NEAR what the current inflation rate is due to the fact that wages remained stagnant and unchanged for decades as inflation steadily rose. So the raises workers are rightly asking for are STILL lower than what they deserve.
This's the major reset they spoke about eh?
Same thing happening in the uk.
Sadly price regulation doesn’t work. I came from a country practice this and we end up with low quality produce. Affordable housing, mass transit, and wealth tax must be introduced.
In Islam, there is “zakat”. A 2.5% tax on wealth must be given to the poor annually.
Sadly, this “zakat” rarely practice by Muslims in large and the wealthy Muslims are not different than the wealthy people in the rest of the world.
Basically, it’s class warfare wherever you go
100% right. Price controls triggers shortages. We tried this in the 1970s.
@@sebastienledoux7566 the 70's were a very different situation though.
@@captain34ca Is there an example of when price controls don't trigger shortgages?
Agree. It's the cheap and easy access to credit that has gotten us here. Fiscal and monetary prudence is needed now.
Regulation works, but it doesn't have to be the price directly. Reality is that windfall taxes are a must.
This is such a fantastic video. Really lays out how the rich are waging a class war on the rest of us.
Austerity isn’t about fiscal responsibility. It’s about disciplining the working class and maintaining social hierarchies.
It's a double-edged sword: Canadians' retirement is heavily dependent upon corporate profits, and most critically, profit percentages. It is why Canada isn't experiencing the financial insolvency that pensions in France and Spain are facing (which don't rely on business investment).
The lack of regulations has cost us so much more. If they are going to factor in the Karl Marx 5% unemployed, then the government has to provide a livable place to survive so they do not needlessly get crushed by the market.
Tiff Macklem, Westmount raised, private school educated, you know he can relate to regular people.
JIMBO.....thanks Mr. Stanford for sharing your knowledge and experience with hardworking everyday workers.
Blair
199
Retired
This guy is like them. High prices don't help corporations. Henry ford could pay the highest wages because he made money selling cars at low prices by creating efficiency.
There's another solution: Going back to the Gold Standard.
Not enough gold
@@Jakub.K0 Silver? Platinum? Palladium?
It's the cheap and easy access to credit that has gotten us here. Fiscal and monetary prudence is needed now.
Inflation is just another tax. Canadians cannot support such a massive managerial, government wage burden. Too many jobs are not producing anything or delivering any services.
Amen. What's sad is that inflation taxes the poorest the most.
I believe prudency is a good idea when looking at inflation, the simple manufacturing of currency inflates currency. This has been displayed through history. When a government has no fiscal responsibility or care, bills are printed and simple supply and demand takes over. Governments are responsible for inflation, not the private sector, they just know how to use the system and take advantage of that because there are more bills to take. and yet lobbyists probably cause stupid government policy's. The crappy thing is when one government spend to the moon, another has to cut to pay the bills. This videos has a good different view then how I believe, Either way, politics eh!