We need a revolution of the mind: Frank Stronach on Canada's economic path forward

Рет қаралды 8,690

Жыл бұрын

Frank Stronach, founder of Magna International and a member of the Order of Canada, joins BNN Bloomberg's Jon Erlichman to talk about the path forward for Canada's economy. Stronach says technology should make things easier and better, yet ordinary people aren't benefitting from it due to the rising cost of living. He also talks about why he's concerned about Canada's tax system.
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Пікірлер: 57

@7966016 Жыл бұрын

We need more people like him speaking out on the current state of this country!

@jonobravo336 Жыл бұрын

Wow This guy is great Thank you sir ! Finnaly someone sticking up for the average workers !

@MomopilotCool Жыл бұрын

Imagine thinking a billionaire cares about you the average worker. Delusional. This guy is a libertarian

@CoconutPatel Жыл бұрын

I agree with everything this man has said! Can he be PM?

@TechFollower Жыл бұрын

This man saying right things... Canada needs to be serious... instead of just printing money

@john_doe_not_found Жыл бұрын

"We don't make things." - Frank Stronach A young couple in the 1950s got married at 22 and bought a home at 24, on average. A home was 2x median income. A young couple in the 2020s gets married at 30 and buys their first home at 36, on average. A home today is 18x median income. Wages have gone backwards because we do not make things. Good paying jobs are scarce. Chretien and Martin tried to tackle the debt in the 1990s, and they put us on a great path. Successive governments squandered the surplus and ran us into deficit.

@donm2067 Жыл бұрын

Chretien did a good job with the debt, you are right. Guess who pushed it ever higher tho...

@john_doe_not_found Жыл бұрын

@@donm2067 Hard to believe Paul Martin and Justin Trudeau are both Liberals. One guy is worth 200 million and knows how to run a massive company and watch his money grow. The other guy is very personable but has about as much financial sense as a 12 year old.

@toddarmstrong1909 Жыл бұрын

The tax system is a reflection of the people who create it. In this case, unaccountable and anonymous top level bureaucrats (not the people at the counters or who work the phones) working with lobbyists and tax professionals. The bureaucrats hope to land future jobs in the very sector that they oversee, writing the tax code for their mutual benefit at the expense of others. Also the dual mandate of promoting economic growth and wealth distribution which work at cross purposes. Finally, people at all levels of society trying to game a system to reduce their tax burden. So the idea of a black and white tax code is impossible because the people who are creating it and are subject to it, are not black and white themselves.

@goldenzhong5046 Жыл бұрын

Let this man run this country for a while!!

@HelnoIaint Жыл бұрын

AKA new government with more than two brain cells

@alexnrs8700 Жыл бұрын

We’ll said. Thank you!

@johncorcoran4250 Жыл бұрын

Embrace the worker replacement technology for corporate benefit. Whatever business does is good for society. What is needed is a digital bill of rights.

@mikepepper8395 Жыл бұрын

Interesting. I love what he is saying. However, Magna only hirees through employment agencies owned by ... wait for it. His daughter. Yearly contracts with no benefits. Big difference between what he is saying and what he is actually doing.

@waynejohnson2500 Жыл бұрын

Our country does have problems. Liberal government spend so much money which the never have. What kind of world we give our future generations? Big debts.

@TechFollower Жыл бұрын

Everyone wants money without doing hard work...this is real problems

@RH-vw5nd Жыл бұрын

I live in Ontario and exploring possibilities of moving to Florida as a result of low income tax.

@benhaze1010 Жыл бұрын

I think you can do much better than Florida... Lower income tax is not the only thing important thing in life and there are other opportunities even within the States if that is your only focus.

@sfl6307 10 ай бұрын

Florida is getting expensive and check out home insurance rate as they have become outrageous, rents are high and they do have their share of issues as DeSantis is not for the everyday worker.

@MrMannyhw Жыл бұрын

If they keep taxing us. We won’t have money to take risks. Spend and tax. Some Canadian dream.

@Coldbird1337 Жыл бұрын

we need to get out of the current economic system and priorities peoples happiness and not the wealth.

@Ynalaw Жыл бұрын

Let's print enough money to pay off the deficit and never run a deficit again. Outlaw deficits.

@Scottieguru Жыл бұрын

It would be nice to see Mr. Stronach work with Pierre Poilievre.

@reversingglobalwarming9431 Жыл бұрын

🙏

@ehsankhateezyar Жыл бұрын

Pounds euro riyals all currencies has to come to Canada for make all where ones stand strong more then country will be same more

@antonioluvianoguzman5847 Жыл бұрын

...Ya lo corrimos

@Landrew0 Жыл бұрын

We really gotta problem when a guy like Frank Stronach is telling us what's wrong.

@philshyu5248 Жыл бұрын

What does he mean that we don't make anything anymore? We made hundreds of thousands of social media influencers! And they get paid 100x the income of what people who make stuff do! 😉

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@wongjefx980 Жыл бұрын

Trudeau answer for all topics, economy, military, infrastructure, competitiveness, etc: Canada punches above it's weight, we are investing in the future. Means we are ignoring the important stuff to pay for other stuff for votes.

@christianduval9067 Жыл бұрын

I taugh Stronach was retire....Belinda spending cash like no tomorrow..... I don't know was is bitching...is the first one to move is facilty in third world country

@gabva9575 Жыл бұрын

He's not reading at all

@MomopilotCool Жыл бұрын

God this is the most brain-dead conversation I've seen in a while. More neoliberal and "trickle down" does NOT HELP THE AVERAGE PERSON. More tax cuts does NOT help the average person. Regulations are necessary. God, we've learned nothing from the last 40 years of this terrible approach