While Americans might enjoy throwing politically-charged barbs at their neighbors to the north, Canadians now have at least one reason to be smug.
For the first time in recent history, the average Canadian is richer than the average American, according to a report cited in Toronto's Globe and Mail.
And not just by a little. Currently, the average Canadian household is more than $40,000 richer than the average American household. The net worth of the average Canadian household in 2011 was $363,202, compared to around $320,000 for Americans...
To add insult to injury, not only are Canadians comparatively better-off than Americans, they're also more likely to be employed. The unemployment rate is 7.2 percent—and dropping—in Canada, while the U.S. is stuck with a stubbornly high rate of 8.2 percent.
Besides a strengthening currency and a better labor market, experts credit the particularly savage fallout from the financial crisis on the U.S. economy and housing market, which torpedoed home values and gutted household wealth. According to the report, real estate held by Canadians is worth more than $140,000 more on average and they have almost four times as much equity in their real estate investments...
Also worth noting is that Canada scores higher than we do on the economic freedom index, and has been slashing their corporate income tax down to less than half of ours.
Gosh, I wonder how they got better than they used to be.
Also worth noting is that Canada scores higher than we do on the economic freedom index, and has been slashing their corporate income tax down to less than half of ours.
Gosh, I wonder how they got better than they used to be.
It's probably because they spend more than we do on domestic social programs, such as a universal health care system, than they spend on defense.
It's probably because they spend more than we do on domestic social programs, such as a universal health care system, than they spend on defense.
Another lesson from Canada is that the rise of groups outside of the major political parties can pressure governments to make reforms. Canada's version of the Tea Party was the Reform Party, which arose in the early 1990s and pushed the major parties to support spending cuts, tax cuts, decentralization, and parliamentary reforms.
The Reform Party elected numerous members to parliament in 1993, and it became the main opposition party in parliament in 1997. In the 2000s, the party went through structural changes and ultimately merged with the Progressive Conservatives to become the Conservative Party of current Canadian prime minister Stephen Harper.
exactly. our businesses would be a lot more competitive if they didn't have to buy overpriced private health insurance for employees. and imagine not having to go bankrupt over an unexpected health emergency.
^^^
Why multi-party systems are better than two-party systems.
It's probably because they spend more than we do on domestic social programs, such as a universal health care system, than they spend on defense.
And Canada doesn't have to spend much on their military because we are on their southern border and an attack on Canada would be like an attack on America, IMO.
They also don't fight 3 wars at the same time that will bankrupt them.
Moderator's Warning: Threads merged
I don't understand what this means.
Which threads were merged?
I thought mine was the only one.
This isn't just Obama's fault. This is decades of Republocrat rule that brought us to this point. Obama didn't magically shut off the economic mobility valve and start throwing money at the new aristocracy. That **** took time and effort to establish. The new oligarchy which has been established and which subverted the Republic is all thanks to the Republocrats.
Decades of Republocrat rule have brought us to the precipice upon which we stand.
I don't understand what this means.
Which threads were merged?
I thought mine was the only one.
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