WhyNot

155 Years of U.S. vs. Canada Economic Growth: The Historic Widening Gap 1️⃣ From 1870-2006, both grew at exactly 2% annually. 2️⃣ U.S. income per capita stayed ~18% higher throughout. 3️⃣ Since 2006, the gap in income per capita widened-hitting a 43% high in 2024, the largest in 155 years! Why is the gap widening? Why isn’t Canada growing at its historical 2%? Is this a temporary divergence or a long-term decoupling from the U.S. economy? ————————— Data Source: Global Macro Database globalmacrodata.com/data.htm… Code in my GitHub: github.com/whynotecon/Canada… Thanks for GMD! Amazing database! @KarstenMueIIer @chenzix #CanadaEconomy #CanadaVsUS #EconomicGrowth

For those thinking Carney offers a new economic direction from Trudeau: 1️⃣ Consumer carbon tax = Producer carbon tax 2️⃣ More gov INVESTMENT = more gov SPENDING = more inflation = one step closer to gov debt crisis 3️⃣ Keeping Bill C-69 = no new pipelines and no mining = no energy sector growth 4️⃣ “Build Homes Canada Agency” = more bureaucracy = VERY COSTLY home building strategy SAME POLICIES, DIFFERENT FACE.

Obviously, Elon is pro trade! Please help Trump to focus on useful policies: cutting government expenses, deregulation, cutting taxes, etc. He is just wasting his time on tariffs….

It’s the “biggest” tax rate increase day in America!

Mark Carney’s policies are TRULY harmful for economic growth. He is the fan of socializing industries and expanding the role of government in EVERYTHING. How many times it should be tested that socialism results in disastrous economic consequences?

Voting against minimum wage is the most pro worker vote EVER! Why excluding many from job market through minimum wage? Why not letting the poor enters the job market, learn, get experience and grow?

Sell CBC to the private sector. More than $1B annually will be saved in government spending. Why should we pay taxes for NDP/LPC/Green propaganda?

Incompetent Canadian politicians have escalated the fight with Trump! Isn’t it obvious that Trump values personal relationships? Aside from Danielle Smith, who even tried to build a good one? When Doug Ford says, ‘I won’t hesitate to shut off electricity to the U.S. with a smile on my face,’ what does he expect? That Trump will apologize and drop all tariffs? NO—he’ll fight back like HELL!

Elon has received at most $50B in taxpayer money for his companies (EV tax credits, NASA funding for SpaceX, etc. - Source: Grok). But he has saved taxpayers over $180B through DOGE. He risks all his businesses globally—he was widely liked, but after supporting Trump, 50% of Americans and even more internationally now HATE him. Radical left lunatics can attack him for his views, but they can’t say he’s doing this for money! The only reason I pay for X Premium is to support Elon. Wish I had the money to buy a Tesla!

The head of ANY industry of America strongly believes that tariffs are necessary. Because they want to keep their industries protected from competition to make money at the expense of higher prices for consumers! They’re 100% INCORRECT!!!!

Trump’s uncertainty effect on the U.S. & Canada: 🇺🇸 U.S.: Investors won’t bring businesses back unless they believe tariffs are permanent. Opening a plant has high fixed costs, and no one knows if Trump’s tariffs will last—what if the next admin scraps them? What if even Trump removes them himself? 🇨🇦 Canada: Even if Canada goes pro-business, firms relying on U.S. exports will hesitate to invest or expand in Canada. If Trump keeps shifting trade rules, Pierre’s ‘bring it back home’ plan won’t work as expected.

Not sure why Trump is so obsessed with tariffs—he’s definitely faced pushback from all economists, even from allies like Elon, who supports almost everything he does except tariffs. 1️⃣ If his goal is to push companies to open U.S. factories, it’s unlikely to work. Setting up a factory has high fixed costs, and tariffs aren’t guaranteed to last—even under Trump, he keeps postponing and making exceptions. 2️⃣ Maybe it’s about balancing the budget. He can’t raise income or sales taxes, so tariffs act as a tax without much political backlash—fits his ‘America First’ rhetoric. As long as they don’t redistribute the revenue, at least, he can balance the budget. 3️⃣ Is this just a negotiation tactic to push for real free trade by getting others to drop their tariffs? Hope so! That would be ideal.

It is actually about access to cheap goods. The whole point of competitive free market economy is to have a mechanism to deliver goods and services at the lowest possible cost to the consumers. Tariffs create a protected industry that doesn’t care about competition, rather, they will only focus on lobbying to get more protection from the government.

This is VERY important post by Trump which confirms LPC and Trudeau NEED the trade war to stay in power!!

This is unfortunately true!!

Ronald Reagan on Free Trade with Canada (Nov 1988) youtu.be/Tp1T7kPEdDY?si=jupj…

Because Nazis are often labeled far-right, but many don’t know that the right isn’t monotonic in economic freedom. The left moves in one direction—less economic freedom, with communism as the extreme. The right values free markets, but the far-right, with its extreme protectionism and nationalism, rejects them. So if someone has extreme stand on economic freedom, that wrongly makes them far right.