Uploaded November 2024 | Updated September 2026, 2 weeks ago
The political path towards-diminishing returns
During my State of the Nation address.
I shared this story of how and why each subsequent generation has less and less than the generation prior.
1. In 1990 I made $25 per hour as a tradesman. My wife stayed at home and raised our 4 children and we bought a single family home for $112k, which was 2x my yearly wages.
2. None of my children can replicate that scenario.
While wages remain similar, that same home sells for nearly $600K or 10x their yearly salary.
3. Gas was $0.59 p/l now it is nearly 3X.
4. Avg new car price has gone from $15k to $66K
5. Ontario's net debt from $35B to $429B more than 10X.
If we stay on this political path of diminishing returns our children will have nothing on their road to serfdom.
The political path towards-diminishing returns
During my State of the Nation address.
I shared this story of how and why each subsequent generation has less and less than the generation prior.
1. In 1990 I made $25 per hour as a tradesman. My wife stayed at home and raised our 4 children and we bought a single family home for $112k, which was 2x my yearly wages.
2. None of my children can replicate that scenario.
While wages remain similar, that same home sells for nearly $600K or 10x their yearly salary.
3. Gas was $0.59 p/l now it is nearly 3X.
4. Avg new car price has gone from $15k to $66K
5. Ontario's net debt from $35B to $429B more than 10X.
If we stay on this political path of diminishing returns our children will have nothing on their road to serfdom.
