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Mark Carney's attacks on Canada's public service should concern all Canadians
(noraloreto.substack.com)
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this post was submitted on 21 Mar 2026
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I'm concerned about the cuts but this article isn't worth reading if it's not going to talk about our realistic options.
What happens if we don't increase our defense spending to match NATO targets? In light of our general lack of military spending, the US's aggression, Russia's aggression, and the way that China is posturing towards Taiwan, it quite frankly seems like to would be asinine to not increase our defense spending.
If you want to make the argument for taxing the rich to maintain both, then do so, and explain how you will do so while preventing capital flight, but this author is just listing cuts to government departments because that sounds bad and not bothering to actually think through or make any judgements on our realistic paths forward.
Based on the reasoning presented in the article, and having heard Carney talk a few times, I'm fairly confident he has spent more time seriously considering our options than they have.
Capital flight is a myth. Not only that, but some capital is just challenging to move. Irving and Weston arent going to move their whole operations to other countries. Plus Canada has an exit tax.
Capital flight is often blown up into a bigger issue then it is by conservatives to avoid taxing the wealthy, but it is not a myth. It is a real effect that governments need to take into account when making policy decisions.
I.e. If it was a myth, we wouldn't have an exit tax.
It's a myth that rich people aren't already avoiding every tax they can. They would have you believe that there are rich people not currently avoiding a 20% tax who would avoid it if it were 40%. In fact they're already doing everything they can do to avoid it and if they're paying it at 20% they would still be paying it at 40%.
Its a myth in the sense that it isnt significant except in extreme scenarios (e.g. violent regime change, economic collapse). A modest wealth tax will not make that happen.
I mean, it's different because California is a state and not a country, but they are seeing some capital flight because of their wealth tax. I'm not saying that makes the wealth tax not worth it, I'm just saying that it is a real effect.
Free trade created the free movement of capital but not the free movement of labour, and capitalists can exploit that.
Has this capital flight resulted in a measurable negative impact to California's economy?
I'm wondering if you could reduce capital flight by providing a discount rate on domestic captial. Biasing domestic investment over foreign internally and externally.
Or scrap the whole system and switch to land value tax across the nation.