How Canada's Economy Became The Most Pathetic In The World: The Collapse Of A Nation

Video Description

This is a graph showing a massive sign of the dire state of canada’s pathetic economy. And its actually not to do with any hot button issues like canada’s insane housing prices, the affordability crisis, or Toronto maple leafs fans hopes and dreams crushed once again. You see, this is the net amount of investment between canada and the usa every year in the amount of billions of dollars. From 2001 up until 2014, Canada took in tens of billions of more foreign investment from the united states than vice versa. Meaning that businesses large and small, from walmart, to your local carpenter, were much more likely to move to canada and grow the economy, than it is was for a business to leave canada for the united states. However, this changed in 2015, and it coincidentally or not, lined up with the current liberal government getting into power. And quickly, over the course of the next decade, Canadian businesses, investors, entrepreneurs, and professionals started taking their money out of canada, and moving it to the united states. And buckle up, because this number is so shocking, that it inspired me to make this video on it. By 2022, $1 trillion dollars in book value had left canada for the united states and a net value of about $460 billion dollars. That is $11,500 per person in canada, in net investment leaving the canada for the united states. And that number for 2023 is estimated to potentially reach half a trillion dollars in net outflow of investments from canada to the united states. Or about $12,500 per person. Keep in mind, that represents potentially tens of thousands or hundreds of thousands of jobs for canadians, potentially much higher wages, maybe higher innovation, research, building of machines, contracts, opportunities for businesses and so on. Half a trillion dollars. That might actually be enough money to help bribe satan to lift the curse off of the leafs. A number that i thought was impossible. But the question is, why is this? Why is so much investment leaving canada for the usa, and why aren’t american businesses investing as much in canada? Well, once again, this is a sign of a dying economy. Lets start off with one reason why no one wants to invest in canada. There is something called the OECD's FDI regulatory restrictiveness index. And what it tries to do is summarize how easy it is for a foreign entity to invest in a country. The easiest country to invest in is germany, japan is somewhat in the middle of the pack. The united states is actually double most of the other nations on this list. And then there’s canada…essentially tripling the difficulty to invest in the country. And this is because of a litany of laws, regulations, taxes, and more. And the irony is, its is extremely difficult to invest in canada at the moment, yet, it is extremely easy to move to canada, as canada currently has the highest immigration rate in the history of the western world, which is also a sign of a dying economy, but we’ll get to that in a bit. You see, canada is apart of this globalized economy, and whether you like it or not, a globalized economy allows for big businesses to see the entire world as their playing field, not just their home country. So when canada has the highest total corporate tax rate in the world, and plans to keep raising it, the corporate overlords of canada have no allegiance to stay and lose out on their billions of dollars in profits, when they can legally park it in another country and save that money. https://thoughtleadership.rbc.com/canadas-growth-challenge-why-the-economy-is-stuck-in-neutral/ And even the ones that keep their money in canada, tend to not do anything with it. You see the big banks in canada and the largest corporations have the equivalent of one third of the countries entire GDP sitting in Bank accounts, doing nothing. Not investing in the country, or creating jobs. Just sitting. Want some Advice? Ask Me on Reddit! https://www.reddit.com/JackChapple/ Personal: On Tik Tok: @jackchapple On Reddit: https://www.reddit.com/JackChapple/ On Instagram! https://instagram.com/jack_chapple_real/ On Twitter! https://twitter.com/JackChappleSci On Facebook! https://www.facebook.com/ChappleREI/ CONTACT: [email protected] OR (even better, and more likely to get to me): Send me a tweet or instagram DM. Podcast: