Kevin O'Leary Quotes About Economy
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If you put Canada into $1.5 trillion in debt and interest rates go up just 200 basis points, you cannot provide the services to 36 million people that were guaranteed to them in the social contract they have with Canada. That's a very, very scary prospect. You can't burden this economy with that much debt. The risk you take on is insurmountable. You have to assume for the next 50 years that rates don't go up? That's insane. That's irresponsible. That's stupid.
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Trump has been very, very open and clear on what he's going to do. He's going to make the U.S. very competitive on taxes, corporate and personal. He's eliminating policy on carbon and the regulatory environment on shale and energy and pipeline development. These are all things that Canada has to do and we no longer have a competitive environment to do them in. It manifests itself in the slow grind of our economy.
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You either make it illegal, in which case you support a huge underground economy or you tax it within the limits people can afford.
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