Quote (ofthevoid @ Aug 1 2023 06:20pm)
Basic investment follow some efficiency frontier. I wouldn't invest in a bond at 100 par yielding 1% when I could go get US treasuries and get 5%. Sure it's equitable to build schools, hospitals, import fresh food for tiny villages up north but it's not an optimal or efficient at the aggregate level because by virtue of those tiny populations those areas will always be reliant on outside subsidy because tax revenue from there won't ever be able to support that level of investment which is more appropriate for larger population centers. If this was really about the best investment the Canadian government would move all of those people within 150 miles of US border which would be a far less financial burden compared to having to maintain all of these societal structures where there simply isn't population to support itself.
And like i said, I'm not saying these places should be left for dead. I agree, it's humane and the right thing to do to not let these people freeze or starve to death but simultaneously I'm 100% against any notion that living in a desert or a tundra you should have the same access to fresh foods or modern amenities. It's anti-economic theory.
Again we don't live in the efficiency utopia where everyone's fucking miserable that so many hope for. If you even elevate a fraction of the population off welfare and social housing of which is 75% of the population because they don't meet and education requirements for jobs such as the one I have or my entier office actually, that would vastly make up for your investment. Suddenly you have someone in my roll making 350k rather than the white guy down south and that person will support an entier family and their kids will go on likely go not be on welfare and so on and so forth and you snowball.
Every mining manager job, every analyst, every cpa, every lawyer every teacher for the most part is a white person from the south. If you're not willing to invest in people here to eventually take those rolls than so be it and enjoy a much larger PV of tax payments.
People will not leave and people will need to survive on welfare and when they physically can't the government will have to increase it. That's just a fact and those are constraints you have to work around when finding a solution.
This post was edited by SBD on Aug 1 2023 06:27pm