As we’ve learned in this past year, most politicians are just waiting for the chance to expand their power over those they are supposed to serve.
With a crisis situation as "justification," we’ve witnessed a restriction on rights and freedoms we once thought were ironclad and secure.
Governments have been telling people when they can leave their homes, who they can see, what they can buy, when they can and can’t open their businesses, and more.
And, after governments ordered businesses to be shut down, they borrowed immense sums of money to send to Canadians. In short, this past year has made more Canadians dependent on the government than any time in recent history.
Of course, it was all supposed to be temporary.
This was supposed to be an emergency response to a crisis, with government intervention fading quickly. But instead, the Liberals appear hell-bent on locking Canadians into long-term dependence on the government.
First of all, they are planning to rapidly expand government spending in a permanent manner, with roughly $100 billion in new spending planned for the next three years. This, even as they claim the economy is recovering, raising the question of why new spending is needed in the first place.
Second, the Liberals have moved to make a Universal Basic Income their official party policy. Thus, they move closer to attempting to entrench an economy that is state-directed, in which it is everyone simply feels entitled to taxpayer dollars whether they work or not.
As you can imagine, a UBI would quickly become a bidding war, with politicians seeking to win by promising to give the most, meaning early estimates of the cost of such a program—around $85 billion or so—would quickly become hilariously small compared to where it ends up.
And, we know where that ends up: Hyperinflation and economic ruin.
If this past year has shown anything, it’s that giving payments out to everyone can work as a short-term crisis response, but is wildly unaffordable as a long-term policy.
By moving in this direction, the Liberals are making a definitive break with any semblance of fiscal responsibility, and are instead seeking to make the Canadian People more and more dependent on the state, at the expense of individual freedom and individual initiative.
All of this is aided and abetted by the Bank of Canada, which continues to facilitate expansive government spending and more and more debt by artificially suppressing interest rates.
None of this will end well, and all that remains to be seen is how long it takes for economic reality to reassert itself.
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