Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.
Taxing corporations does not just raise prices for consumers!! This is a hyper conservative worldview, and very convenient to corporations that don’t want their taxes raised. It is also contradicted by literally any first year economics textbook, so I don’t understand why it keeps getting repeated.
Tax changes to encourage rental construction have been advocated by urban economists for years. This particular measure was proposed by the NDP. An affordable rental market actually puts downward pressure on the overall real estate market.
That said, I agree the Liberals aren’t doing enough.