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Originally Posted by logicbomb
Union support within crown corporations and municipal entities is significantly decreasing on the inside. Younger employees are always tossed under the bus at the expense of complacent seniors. Several prominent unions are mere shadows and on their last breaths as the employer can easily circumvent negotiated CBA's. I can comfortably state that most employees in a union are not left-wing.
Let me repeat this. The BC Liberals economic success was allowing global money to flow into BC. Homeowners which are a majority of the province immediately saw home equity gains. Has the autonomy of our government been reduced? Yes. Was this money born from corruption and unethical sources? Some of it. I am not saying this is ethical or the right thing we should be doing we are sort of bound to this reliance now.
Guess what? Globalization results in unfettered movement of people and capital. You can limit the inflow of capital but risk losing investment and trade. Furthermore you would have to plead with the Federal government to halt immigration. This would undoubtedly cause the housing market to tank and BC much like the Western world has no other industry to provide jobs and growth. BC goes against the grain...some other province/country will gladly open their doors.
No joke. BC has tourism and real estate as primary industries. This results in the majority of seasonal + permanent full time jobs.
I am critical of the BC Liberals. Can see all the wrong they did. Can see how the media outlets such as CTV and Global BC has become a powerful tool of the Liberals (Keith Baldry/Vaughn Palmer). Ideally, I wish we could re-align all parties and have 3 main parties that reflect the voters wishes in the province... with a true centrist party. For most voters, the BC Liberals reflect their best interests.
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Truth. When half the households own and real estate prices go up, half of the people benefit and generally the other half benefit from the wealth trickling down from jobs to taxes. However, I think most people overplay the impact of foreign sales given that data shows they are a minority.
As for illegal money, technically we likely benefited more overall from this. As Kevin O'Leary said, don't sneer at money. More money into our economy generally benefits us. All those development fees the city gained paid for a ton of amenities, modular housing, community centres, etc. Money into casinos employed people and helped pay the municipal budget.
I don't feel comfortable defending money laundering but you can't deny that there are benefits to criminals bringing their money here to spend aka give to us. Also I’m skeptical about how much money laundering of foreign money is done versus domestic.