Capital Controls

Think.

Previously posted the video above, before.

And, please remember, I am a Marxist.

From Investopedia (figure a capitalist source but solid info.)

Capital controls are established to regulate financial flows from capital markets into and out of a country's capital account. These controls can be economy-wide or specific to a sector or industry. Government monetary policy can enact capital control. They may restrict the ability of domestic citizens to acquire foreign assets, referred to as capital outflow controls, or foreigners' ability to buy domestic assets, known as capital inflow controls.

Tight controls are most often found in developing economies where the capital reserves are lower and more susceptible to volatility.

https://www.investopedia.com/terms/c/capital_conrol.asp

Basically, keep in mind the Railway Union Strike, CN and CPKCR Labourers are having their wages restricted by the named companies assisted by the government—Binding Arbitration: https://www.cbc.ca/news/politics/cirb-decision-railway-dispute-1.7304194.

There are no restrictions on the profit, capital, Railway companies can remove from the country. There are supposed ‘limits’ under the Capital Gains Taxes currently applied, but the constant narrative is to REDUCE Taxes with idea it’s the ordinary People who will be helped. Reducing the Capital Gains taxes actually helps the companies.

They should be HIGHER, big time.

Deputy Minister Freeland increased Capital Gains taxes trying to make the larger holders of capital, case in point CN and CPKCR, pay a larger share of the tax bill. And, because no one knows anything in this country, the narrative hasn’t actually been investigated. And, the media owned by the Billionaires has refused to critically assess what higher Capital Gains Taxes mean.

The Railway companies are shorting the Workers, robbing OUR country and the government is helping them. cons, in power, would do the same. No one remember all the Foreign Investors I highlighted whose loyalties are not to this Country?

Hence, why everyone is mad at Galen Weston and the slogan ‘Eat the Rich’ is so popular. The rich feel no responsibility towards the Labour that created their Wealth.

And, we resent it.

I am not arguing the government take their money. I believe in Industrial Capitalism. Something PRODUCTIVE should be done with money ‘forced’ to stay here. Tax highly, monies that leave the country; tax highly, money that grows via Interest Rates in banks. Tax reasonably (and, I’d probably agree with the cons here) companies that are profitable, pay decent Wages, create new Jobs and Businesses, actually do Research and Development.

The Marxist in me prefers a Democratic Workforce; Frank Stronach, a capitalist sees their logic. (I am not sure he still owns Magna).

One of the reasons this happens: ‘Tight controls are most often found in developing economies where the capital reserves are lower and more susceptible to volatility.’ is because with all the outflow of capital, the profit, there is nothing to sustain the country. No investment in Education or Healthcare; People aren’t paid enough to support them via taxes or consumption (ie in private schools or hospitals). Things generally tend to fall a part.

I have ALWAYS posted my advocacy for Free Education, Free Healthcare and Free Transport (roads and telecommunication, arguably planes and trains, too,). A Smart, Healthy Worker Able to get to Work.

It is truly incredible to listen to a capitalist argue private education, then be surprised People will cheat and pay for marks to become credentialed, and consequently not the smartest graduate.

There is something terribly wrong when a DEMOCRATIC government supports business over People. Particularly when said companies don’t pay their fare share of taxes.