Exec. Director of TransLink Mayors' Council. I like helping transit get built. I also like climbing, skiing, trail-running, but not in the same way. Tweets=mine

Vancouver, British Columbia
Joined May 2010
Michael Buda retweeted
Thoughts From The Campaign Trail! As we look at election results from across the province, there is no doubt that voters have sent a message. I know there will be plenty of commentators offering their interpretations of what that message is. I wanted to share a few thoughts about what I believe voters are trying to tell us. People are looking for competence from their government, not ideology. Politics can sometimes attract people who are more motivated by a desire to reshape society in their own image than by the practical responsibilities of governing. But I don’t believe that’s where most voters are. First and foremost, people want government to do its job. They want it to deliver the basic services we all depend on, and to deliver them well. At the municipal level, that means good recreation centres, clean parks, potholes filled, snow removed, safe neighbourhoods and responsible management of property taxes. Getting the basics right has been my mantra since the day I walked into City Hall. And I believe the people of Port Coquitlam have responded to that approach. Second, people want results they can actually see and feel. That means being upfront, honest and realistic about what we can accomplish. Increasingly, I see politicians making grandiose promises designed to capture attention and win votes, even when those promises are completely detached from reality. And when those promises inevitably go unfulfilled, the damage goes well beyond the politician who made them. It erodes people’s trust and confidence in government itself. That’s one of the reasons I place so much importance on delivering core public services exceptionally well. It doesn’t mean government shouldn’t be ambitious. Quite the opposite. We should have big aspirations for our communities and our province. We should want to tackle difficult problems and make life better for people. But we also have to be honest about what is possible, realistic about what it takes, and accountable for what we promise. When government consistently gets the small things right, it earns the trust and confidence necessary to take on the bigger challenges. Finally, I think people are looking for a return to some normalcy in our politics. I think people are exhausted by politics built around division, hostility and the demonization of anyone who happens to see the world differently. I can’t think of many other parts of our lives where we would consider that acceptable behaviour. When I’m at the rink or the field watching my two boys, I talk with other parents who have all kinds of different opinions and perspectives. We don’t necessarily agree about politics or everything happening in the world. But I can tell you one thing we do agree on. We all want our kids to be happy, healthy and have the best possible shot at a good life. And I think that says something important about who we really are. I don’t believe the public is nearly as divided as some politicians would have us believe. I don’t believe we’re locked in some do-or-die struggle where one side has all the answers and everyone on the other side is beyond redemption. That’s not how we behave in our families. It’s not how we behave at work. It’s not how we behave on teams. And it’s not how we should behave in our politics. We can disagree without being enemies. We can have different beliefs without questioning one another’s character. And we can recognize that, despite our differences, most of us want many of the same things for ourselves, our families and our communities. I believe there’s far more that brings us together than pulls us apart. And I believe government works best when it focuses on those things we have in common, earns the public’s trust through actions and results (usually smaller, incremental ones), and stays firmly planted where the vast majority of normal people are.
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Lots of excitment over the UBC SkyTrain extension, which is great, but a few caveats: - In our 10-year plan, UBCx is prioritized after the region's first 3 BRTs are built. - Until our structural deficit is resolved, building and operating new projects like this is impossible.
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Michael Buda retweeted
Every SkyTrain ride depends on people and innovation that most riders never see. Today I went behind the scenes at the SkyTrain Operations and Maintenance Centre, where crews keep our network safe and running every day. Their work is what makes transit the backbone of a growing region: connecting people to jobs, helping more affordable homes get built, and lowering emissions. Thank you to @TransLink's Sarah Ross and Mike Buda of the @mayors_council for welcoming Mayor @LindaCBuchanan and I for the tour, and for a great discussion on building a stronger transit future for our region.
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This was a pretty interesting read by @nfergus. It also did cite a piece of data that left me curious: The difference between American & French nominal GDP growth vs their 10Y bond yields (quote below). I took a selection of advanced democracies and plotted their difference, over a 5yr period and for 2027. Canada and Germany are the only ones where interest rates are at or below expected nominal growth rates. Also, did the same data but compared with deficits (including sub national/provincial). Overall, Canada’s fiscal health is decent (and no, that doesn’t mean we should press our limits). Growth reforms should be the focus for us. - - - “Indeed, the U.S. 10-year Treasury yield was yielding 5.22 percent on Friday, higher than the French. And the U.S. deficit for 2027 will be about the same as the French. The difference is that the U.S. economy is growing at 6.3 percent nominal (including inflation). The equivalent number for France? It’s 1.9 percent. When growth is above the interest rate, you’re okay. When it’s the other way round, you’re heading for a crisis.”
Excellent piece by the brilliant @nfergus in the @TheFP: "The left offers socialism and the right serves up national socialism. The left lays the blame on billionaires, whom they will tax to pay for yet more benefits. The right lays the blame on immigrants, whom they will deport as if that will help matters. Apart from that difference, there is a horseshoe forming in Western politics: At the extremes, socialism and national socialism are converging on economic issues (industrial policy, public ownership, rent controls), not to mention foreign policy (blame Israel for everything). Of course, these tired old ideas bear almost no relation to economic reality." thefp.com/p/niall-ferguson-w…
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Context: Revenue and Expense as % of GDP 2000-01: 22.7%-21.5% 2010-11: 20.1%-20.2% 2026-27 f'cast: 18.4%-21.4% Provincial revenue as % of GDP is LOWER than in Campbell's last year because BC got rid of MSP, carbon tax, froze a bunch of fees and added family handouts.
Les Leyne: B.​C. Conservatives' tax-cut plans trigger deja vu dlvr.​it/TVs9Xt
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“But the stay option — the status quo — is equally risky. Albertans do not want the next 50 years to be a replica of the past 50 years; five decades during which Alberta was chronically vulnerable to predatory and destructive federal policies.” Good point. calgaryherald.com/opinion/co…
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Michael Buda retweeted
With both the BC NDP and BC Conservatives ruling out a vehicle levy, what's the plan to fund public transit? In a new opinion piece, @leehaber warns that failing to fund TransLink could cost British Columbians far more in the long run. ➡️ Read the full column: sitkamedia.ca/haber-a-transi… #bcpoli
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Michael Buda retweeted
This contagious claim that under the NDP BC has become 'the highest taxed province' is nonsense. Provincial own-source revenue as share of GDP is 4th lowest among the provinces, and below the Canadian weighted average. #bcpoli /2
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Michael Buda retweeted
Why does Canada exist as a separate country at all? With Trump’s threats of annexation, images of North America draped in the red, white, and blue, and talk of Canada as the 51st state, a basic question underlies the current dispute. Why didn’t Britain’s possessions north of the rebellious American colonies become part of the United States? This is a strangely personal story for me, as my ancestors played an outsized role in engineering the Canadian nation into existence. 1/ a🧵
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Michael Buda retweeted
Would it blow everyone’s mind that 60% of doctors have a Medical Professional Corporations (MPCs) to access a lower small business tax rate? In BC, that tax rate is 11% up to $500k. High-income earners always use the tax code to prevent a full tax bracket assessment. #bcpoli
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The core of BC’s fiscal challenge: revenue is well below the national average and per capita Prov spending is slightly above the average. So, either we will need to accept lower service levels or higher taxes. Take your pick…but those are the choices.
Additional context regarding BC tax rates: across all major revenue sources, the province is the second lowest tax jurisdiction in Canada overall. Roughly 17% below the national average.
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If you want taxes to stay the same, or to be lower, then identify the service cuts. And no, “finding efficiencies” isn’t going to be enough to make up the delta.
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Michael Buda retweeted
Additional context regarding BC tax rates: across all major revenue sources, the province is the second lowest tax jurisdiction in Canada overall. Roughly 17% below the national average.
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So here's a table showing tax payable of the provinces across several income bands. BC's marginal income taxes are the lowest in Canada for income earners of $250k or less - including with Sunday's campaign announcement by Eby. #bcpoli
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Michael Buda retweeted
Extremely few First Nations, especially in urban or suburban areas, currently want a treaty under the revised terms this former AG has an issue with.
EXCLUSIVE: Former BC AG warns wording of modern treaties fuelling 'uncertainty' @BarryPenner1 told me “that kind of uncertainty does not attract capital that we need in our province to generate jobs and tax revenue." sitkamedia.ca/exclusive-form…
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Michael Buda retweeted
This may be the most effective argument right now for letting public transit wither. It may not make sense to you, but it feels right to many, many people. So in a short new post, I talk through what's going on here, and how to engage with it. Link in first reply. 1/
Replying to @marcjoffe
Public transportation, as we have known it, is now on the edge of obsolescence. It only ever made sense in a few high volume routes in dense areas (NYC and similar). Autonomous vehicles will take you from point A to point B, using existing roads, and they are here now.
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Michael Buda retweeted
Free transit fares make so much sense until you ask why no major city in the world offers them. Good to see this organized pro-transit opposition to a free fare campaign in Los Angeles.
Here's the real reason LA Metro can't go fare-free, no matter how many times we study it.
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The following two statements can be - and IMV are - true: 1) There is a price to be paid for defending Canada's dignity, and economists have a right - if not a duty - to point it out. 2) It's a price worth paying.
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