Thursday, August 24, 2017

BC Liberal Leader - Job 5

Fiscal Policy

I will seek to move the provincial growth to the top performing region in the G20 by aggressive use of region specific stimulative policies that seed entrepreneurialism and build the economy from the ground up. In British Columbia, like many western economies, we are ageing and with an ageing population comes economic stagnation. We are lucky as this is being mitigated to a degree by immigration, the fact remains, however, that many people are moving into retirement taking their productive capacity with them and they are seeking a safe place for their retirement funds. There is a massive amount of latent capital sitting in RRSPs generating very little good for their holders and failing to find their way to the people that really need capital, entrepreneurs.  This reality provides an opportunity to engage in a form of quantitative easing that benefits in a significant way the existing middle class and builds out a new group of good income earners.  If the government moves to the aggressive use of partially subsidized bonds to generate a localized increase in the velocity of the flow capital to startup companies and critical infrastructure initiatives, it will facilitate an immediate increase in economic activity and the medium and long term economic performance will be improved as well.    

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