Ask 10 economists, you'll get 10 different answers. But opinions are news now because we need to keep that train rolling in the new 24/7 news economy. My own opinion is that he "capitulated" to get the trade talks started again se he can get past that July 21st deadline and then proceed accordingly.
this post was submitted on 08 Jul 2025
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Yes, this hasn't closed the door forever (as far as I can tell), and Carney doesn't seem like an idiot, so I hold out hope this is some kind of maneuvering, and he's still as "elbows up" as he was on the campaign trail.
I also think it gives him a small bit of leverage too. They can always be reinstated the taxes since it was a 2020(?) bill with a deferred effective date
Yes if they don't get what they want or Trump is unreasonable they can certainly bring them right back.
This is a huge bargaining chip, and the Americans know this too...
Carney hasnt given us a reason to not believe in his ways yet, as much as the conservative opposition scream foul before anything has begun.
I agree with the Nobel Laureate in economics, Joseph E Stiglitz, who wrote this.
Of course, when the most profitable companies in the world don’t pay their fair share of taxes, it just shifts the burden on to others.
Apple was so successful in avoiding taxes in Europe that it is estimated that it paid in some years a tax of just 0.005% on its European profits.
Apple was so successful in avoiding taxes in Europe that it is estimated that it paid in some years a tax of just 0.005% on its European profits.
And that is why stealing from a corporation is not a crime. They have deprived you, personally, of benefits and services that your government can not afford because of tax dodging. They are killing you, personally, by privatizing your health care, by opposing electrification, by using single use plastics for nearly all packaging. They are keeping you, personally, poor by suppressing wages, raising prices, and outsourcing labour to markets where slavery is not only tolerated but the norm.
You can not injure a corporation, you can not hurt it's feelings. Pirate, lie, steal, cheat, get every penny you can from the 1% and use it to help the other 99.
it is a basic human right to steal from those who haven't paid their fair share?
And that is why stealing from a corporation is not a crime.
Well, it literally is a crime because law is law and law is not ethics, but you could argue that it is morally okay due to the reasons you provided.
At that point it's not theft, it's reappropreation.
Incredibly well said about corporate harms, thank you!
Apple can only pay so few in taxes? Goddamn they must be on the verge of bankruptcy. /s
You cannot believe how sick it is to open Lemmy and the first thing you see is a picture of Zuckerberg.
I hope Carney reintroduces it after these trade talks fail.
Carney isn't going to do any favors. He's leaning toward austerity measures to pay for the 5% budget pledge for NATO that he was strong armed into accepting and now has acquiesced to the demands of the Broligarchy.
He's not a leader, he's a banker
Don't forget, he's not just a banker, he was also the vice chair and chair of Brookfield, one of the world's largest residential real estate landlord, the largest residential landlord in San Francisco, accused of repeatedly violating indigenous rights in multiple countries.
But hey, I'm absolutely convinced he can fix the housing crisis in Canada!
He can... As in he knows very well how to, since he was one of the main culprit for years. I will eat my hat if he does though. But hey when I pointed that out during the election I was a Tankie and Trump supporter or something.
To be fair, we had to vote for the banker cuz the only realistic alternative was a nazi-handshaking maple maga moron. We picked the best of the shitty options.
I would have LOVED to see Jagmeet in the big chair, but too much of Canada is too racist to vote for someone in a turban, and the rest were going to vote for PP.
So ya. Cheney is a fucking banker. But he's better in every way than PP.
But he's better in some way than PP.
FIFY, because clearly not in every way. In many ways, as evidenced here, he sucks just as much.
The issue is that now we're stuck in the same cycle again of someone who's going to make thing measurably worse for the average person, while driving the overtone window further right, and thus further drive the rise of the far right. Voting for the lesser evil is how we got to here. The system works as expected.
Ya. I don't disagree. The system has been broken by foreign owned media, social media, and late stage capitalism.
Qe don't have a two party system, the right choice was npd
I agree. NPD was the right choice. It's just not the choice enough Canadians were going to make. Which sucks. Hard.
When the majority keep saying npd is never going to win so i will not voting for them of course they will never win. Of you kwep voting for the same two parties thst failed multiple time, the country will keep getting worse
Hard agree. But it's a function of FPTP. If we had a better voting system (like Trudeau promised!) then a lot more people could vote their conscience instead of doing strategic voting. But until then, voting strategically is often the best move.
Having a bad system mean we should make more efforts to change things with our our hand rather than waiting the government. See all services getting worse and inflation growing witht the status quo we are in
That's what I was hopingmthe plan was. We'll have to wait and see.
The last thing you do when a toddler throws a tantrum is give in to their demands. You reinforce their behaviour and teach them it works. Every child phsychologist can tell you that.
So why the fuck are world leaders, with the resources of an entire country, enabling this whiny man-child?!
The last thing you do when a toddler throws a tantrum is give in to their demands.
But when it's a toddler with a (nuclear) gun, you do have to tread very carefully and choose your battles wisely.
I can't say yet if Carney has currently made all of the moat wise choices. I don't think anyone has enough information (including him) yet to make that call. Time will tell.
I certainly don't envy him this task.
Because they are also whiny man babies. Just a bit quieter about it.
The collective delusion of social power is being tested. I don't see the current configuration passing.
The media can keep bashing the Canadian government scrapping the tax. The last minute "capitulation" as many in the media is framing it as, while true, is also disingenuous on how Canada has to deal with the US given the cards it has in hand. Canada right now still relies heavily on exporting things to the US and keeping the US at the table talking is the best it can do right now until it can secure other trade deals around the world. Proximity matters and even more so when they are still is a superpower.
Canada still has many options despite this digital tax. What about banning US big tech? What about changing the rules about tech companies entering Canadian job space (and it doesn't have to be a tax)? Other countries have managed (eg. China, Denmark), so why can't Canada? The government can fight on one front, but Canadians themselves also have to. The boycott of travel to the US and of US goods clearly has made impact, but Canadians can do more. Support open source software like Linux, move away from Adobe and so forth. There are alternatives and some even Canadian ones. If we are to truly give the Canadian government good tools to fight, we too must do our jobs individually.
What about reveting media ownership limits back to what they were previously?
You'll never see Canada block big tech at this point I'm afraid. All the talk of sovereignty is just that, talk. None of our different government agencies is prepared to abandon Microsoft. All of our financial regulators are completely in bed with Microsoft. Most of our banks are in bed with Microsoft. Our ATMs run on Windows due to Payments Canada being in bed with Microsoft and mandating it. All of your banking data is accessible by Microsoft. Every government agency runs on Microsoft.
Every time there's an announcement about ditching US providers, ask your MP/MLA if that includes Microsoft / big tech. There's always an "out" in those announcements to allow them to dodge that one -- like "It's too expensive to change", or "too difficult to change quickly" or whatever.
I mean, look at all these "nation-building" projects that they're itching to suppress Canadian's rights to "get moving" -- they're all projects that're gonna be lead by Big US companies to extract resources from Canada. They put on a good show, but the reality is that Trump / America was right that Canada is basically a little bitch at this point. Our politicians have proven that time and again this year.
Canadian companies, schools and government have deals with microsoft
Increasingly European governments are moving away from Microsoft to open source software.
That is an example (and a proven path) that Canada can follow.
What did we get, cause it sure does seem like nothing.
I think the point is that by capitulating on this, Canada has gained time. Time to make deals with other countries as trade partners, time to source necessities (that they have gotten from the U.S. for literally decades) from other countries, and time to build up their own military might in case Trump makes good on his idiotic "51st state" bullshit.
That’s what I am hoping this is. All just a big game for more time to pivot away from the USA. What we need is time time time.
I guess we'll find out in time, but that's sort of my point. Trump's well known to fold (TACO), maybe he would have shown up to the table anyway, or written us a letter!
Here's the thing. They have markets too. And his Taco behavior is rocketing every market across the globe every time he does this. And some speculate that he is making a load of money by doing this. Maybe he is, maybe he isn't, I don't know. I don't think he's smart enough to actually take advantage of this. Though I know there are people out there who are and are making a ton of off of this. But all these countries crave stability, and the only way they're going to get it is if Trump stops with all of his idiotic tariff talk. And before you say anything, no he will not learn his lesson. It has been over 6 months since he took office and he, despite everyone ignoring him constantly, has continued his unyielding parade of stupid.
Maybe he is, maybe he isn't
WHAT. He sold beans for money in his first term, of course he's making money off of it.
I don't think he's smart enough to actually take advantage of this.
This is one of his major MO's making money, maybe he missed the first few times, but he's done it so much now that he's for sure making money on these bets, just like every supporter he's got out there.
Why do you think he walked away from the table because of the DST, because he cares about gig tech? They paid him -- that's why they got seats at his inauguration.
And before you say anything, no he will not learn his lesson.
Disagree, this is a lesson reinforces itself, I bet he continues this way. I'm not saying he's smart, just greedy.
That's the thing, he sells shit. He is, in every respect, a glorified used car salesman. He takes garbage and dresses it up into gilded trinkets that he pawns off on the morons who believe in him. He also definitely used Mar-a-Lago as a way to launder bribes from foreign nationals. (Yet another reason why presidents should be constitutionally required to divest everything they own before being allowed to take office.)
Disagree, this is a lesson reinforces itself, I bet he continues this way. I'm not saying he's smart, just greedy.
Trump wants a "win". He will keep doing what he is doing until he can say "See, I won!". He is that petty and small minded.
We're in the middle of discussions right now. We don't find out what we gained or lost for a few more weeks.
We are clearly in the appeasement phase, I think that has been apparent for a while now
It isn't appeasement. It's negotiating with terrorists.
These companies have also devastated local news media markets, peddle propaganda and disinformation in our societies which they claim is not their job to moderate, through their investments in AI are poised to become some of the biggest polluters, and many of them profit a lot from the ongoing genocide in occupied Palestine which is being used as a warfare and AI training lab
The answer: countries will cave in to these threats. For now, at least.
Alternative theory, the people pulling the strings are already in control, and Trump is the useful idiot who can be the bully/lightning rod for international ire.
Rolling over and showing your belly never ever helps.