Well, there's a few mix-ups here in your presentation of the problem.
You say after deficit then lucky to have job. Why did you present your logic like this? Generally speaking, deficits would actually improve employment. The reason for the reduced employment is the government's authority used to implement restrictions on commerce in society. So yes, given the federal government and provincial government shutdowns, we should be lucky to have a job; however, none of our government should have used their authority to do anything. We would have been better off completely ignoring covid-19 instead of doing anything about it.
When the black slave told his fellow slave that he was upset at the oppression and injustice caused to him by his masters, I'm sure another black slave said they were lucky to at least be slaves and have food on their table because some black people were instead killed or had worse quality of lives. This is not sound logic because the only reason the alternative is worse is because the masters make the alternative worse. In reality we are still being oppressed and simply because we have a job isn't any justification to downplay the oppression. Life isn't only about being able to put food on your table.
I don't expect much to come from the deficit. Overall, our quality of life will come down but the government and central bankers are good at spreading this reduction in quality of life among the 99.9% of the population such that most people can't compute/fathom/feel how they are actually being impacted. Make no mistake, this is a huge reduction on our society's overall standard of living but it's going to be costed over the whole society such that your average citizen is incapable of realizing it. The average person these days thinks the reason their quality of life is lower is because we aren't taxing people who are actually contributing value to society enough instead of realizing the reason their quality of life is going down is because they keep voting in measures that make themselves into slaves relying on others to produce for them instead of tearing down barriers that exist so the average person can become the producers of value themselves.
What most people ultimately want is a life that aligns with their capabilities and the marxist/leninist socialist state we've become isn't doing this. Forced equality leads to injustice and this is the biggest problem our society is facing. We're too caught up in equality that we've forgot the basic definition of justice which is getting what you deserve and right now we're oppressing people who have superior capability in order to prop up the less capable which is inherently unjust and leads to unhappiness. Equality is a worthy goal but it must be earned legitimately otherwise, it is unjust.
Unfortunately, from discussing things with liberals/NDP supporters, it seems most people just think the cost is justified. "We had a pandemic so the government had to shutdown the economy and since the government shutdown the economy it's not fair to people out of work or businesses so the government had to pay them something. This is just the fair cost of a pandemic out of everyone's control."
The fact that the government didn't have to lockdown anything or force any businesses to do anything doesn't register with these people. The fact that the people subsidizing those who weren't working are those who were working and now it's the people working who will have their quality of life reduced to pay for a benefit they never received, doesn't cross any of their minds. They just don't care. Liberals/NDPers honestly, do not care about this at all. Until there are actually visible, easy to measure consequences, these people will continue to not care.
Yeah, I think small/medium businesses is where I need to be but finance seems to be a fairly oligopoly centered industry so few exist. I may need to try to start my own business to escape the oppression against white males that the large corporate world is engaged in.
The problem with implementing something unrealistic like $1MM/yr is that then when the system collapses the communists will just say "it was never implemented properly, if we instead had a realistic UBI like $20k/yr then it would have worked". And we're busy fighting "not real socialism" which has been an endless battle already.
This echoes exactly what the older liberals think because most of them only watch mainstream media they echo the media's message. My father is one of these people so I understand this angle perfectly. These people think BLM for example is a predominately good movement with a few bad actors and that Trump's hate speech is what's causing these few bad actors to act out. In these people's minds if it weren't for Trump there wouldn't be any problems. That's probably how these liberals feels that the leftists are only lashing out because of Trump so if it weren't for Trump they wouldn't be doing what they are doing.
Unfortunately, these liberals haven't figure out that it's the leftists pushing that is causing everything and Trump is merely defending against the push from the leftists which has been the case since the start.
Nothing wrong with other cultures keeping slaves.
Lincoln saw how this issue was divisive and by winning the war he created a stronger unified country out of the ashes. Yes he was justified.
As I said: "Western society should never accept it because that is not our culture". No, anyone coming to the USA and Canada should not practice female genital mutilation but be careful of who you bring into Canada and the USA because for all you know, you'll end up with an Abramohammed Laham who fights to make female genital mutilation legal. Hence why it's important to close the borders and build a unified culture where values such as these wouldn't potentially come about.
You are correct that GDP-to-Debt wasn't really used much prior to the Greek debt crisis because the pre-marxist/leninist brainwashed generation understood finances/economics a lot better than the current people in power.
It doesn't matter if your GDP-to-Debt is 0%. $1 spent on a value-loss project, is a waste of $1. That was understood 40 years ago. It is no longer understood by most people.
Most people don't understand how if you pay someone to produce nothing $1 from debt you cause inflation which reduces the buying power of everyone else in society (because you've increased demand by $1 without increasing supply) and you now have an interest payment of $1 which is a wealth transfer from the public (who gains no value) to debt-holders. Value-loss debt makes the public poorer, while only the debt-holders are able to mitigate the loss of wealth. The net impact over the long-term of value-loss debt is that society as a whole is poorer for it. This seems fairly simple but leftists do not understand it and their current MMT ideology is that we should be maximizing government debt to maximize employment but what they fail to realize is that as you take on debt to maximize employment you reduce the value proposition of this employment. Just because you're digging ditches and have maximum employment doesn't actually mean you're adding anymore value to society than more unemployment and less ditch diggers (in many regards you're actually lowering over quality of life for citizens because you're causing inflation for productive workers while unjustly redistributing this wealth to unproductive workers which is inherently unjust).
Most government debt these days is absolutely terrible. Very little government debt is actually value-add for society anymore. Propping up failed businesses that failed due to government regulations and then giving money to people who aren't working so they can buy new cars... it's an absolute ridiculous waste of money that is dragging the well-being of productive people down immensely. We're destroying the strength of our economy. We need to abolish public education, lower taxes, reduce military spending and stop taking on any new debt.
The CPC is basically liberals light. They cannot and will not lead our society down the right path. At best they will simply go a little slower than what the liberals/NDP intend to turn us into. CPC is merely delaying the inevitable. To actually get a leader in that can lead us down the right path, we need Max. I am perfectly fine with Max splitting the vote and causing the conservatives to lose. In fact, this is exactly what I want to have happen and you should too. The only way mainstream conservative voters will wake up and potentially elect Max is if the conservative party's vote is split enough to be causing them to lose, as history as shown us time and time again. Vote for Max and let him split the conservative vote so we can actually get a conservative party in power that will lead Canada down the right path.
Marry a feminine woman who believes in good family values. Have many children and home-school your children. Only promote among your peers, men who are strong masculine men with good moral values. Only promote women among your peers who are nurturing feminine women with good moral values. The battle is lost for our generation but the war is not yet over. These leftists with their marxist/leninist ideology barely have children if they ever have children and overtime people will see how toxic their way of life is. This goes without saying but always vote in governments who reduce government authority (lower taxes and less regulations).
And as we warned about 20 years ago, by the time people start waking up it'll mostly be too late. Leftism has spread in all western society and plagued our children through the brainwashing of the public education systems.
Understand that the reason for this "racial conflict" is that lesser people are easily manipulated into doing bad things. It's not because of their race, it's because they are inferior as individuals. Every race has it within them to be strong and superior. The solution is to close the borders and build a unified society.
There is no racial divide. Multiculturalism is not the root cause of the issue in the sense that different cultures are clashing. What's going on here though is that weak humans, regardless of race (but many of them come from outside the developed western hemisphere because they were not raised on western values and do not have the strength of the western people) are being used by the elite to prop up the elite's power. The elite are using cultural marxism to placate the masses into allowing for more government authority which is being used to cement into power the corporate/government elite's power/wealth/dominion over the common people. Ironically, the socialism the left so desires is being used to oppress them and they are allowing it. Nearly every single problem in western society can be traced back to marxist ideology. This generation has been bread to think they can get more for doing nothing and what is happening is that they are being relegated to slaves by the elite such that these people's standard of living and happiness is going down not up.
The solution to a better life has always been western values. That's why western society has always dominated every other culture.
We need smaller governments, more capitalism, more individuality, more moral and personal accountability in our society. The path to a strong, unified society full of free men who have opportunity to improve their lives is grounded in lower taxes, less public institutions, less government regulations, more entrepreneurship, more competition, more individuality, more personal accountability for individual choices and a social climate that teaches people what are right choices and wrong choices for improving one's self.
Men must learn to embrace their masculinity while women must learn to embrace their femininity. Children must learn to respect their parents while parents must learn to parent their children and guide them into becoming better people. Labour must learn to compete with capital by becoming entrepreneurs while capital must learn to stay competitive instead of relying on the government to stifle competition. This is foundation for a good society. The leftists have unwound good vs. evil in society and confused everyone such that every subgroup of humanity is fighting against one another when the path to improvement shouldn't be so muddied.
There is hypocrisy here, yes. But, feminists and white people should not be imposing their beliefs on other cultures. Female genital mutilation servers a purpose in these cultures and should be accepted in those cultures. Western society should never accept it because that is not our culture but we should not be enforcing our culture on other societies. We should be closing our borders and solidifying the strength of our cultural while letting other cultures maintain their sovereignty and develop on their own in the manner their cultures see fit.
I don't have much faith in any of the conservative leaders. Canada is too far left-wing right now and may always be. Most conservatives are just pandering to leftists to try and get elected. Pretty much any of the leaders except MacKay will be better than Scheer.
Edit - I'll be voting for Maxime Bernier though as he's the only decent leader in Canadian federal politics.
There's A LOT of complexities in what you just described. It's not as linear as you presented it. There's tons of factors at play here.
One thing that will work to Canada's advantage is that a lot of other countries are in a similar situation because it was a global pandemic our governments reacted to. This makes the situation relatively less worse and the likelihood of overall panic from businesses that lead to actions specific to Canada only will be mitigated.
Canada is also resource rich so it's difficult for an oil sands company or lumber company to just pack up and leave. Many businesses in Canada are tied to the wealth of these natural resources and since the resources don't move, the ancillary businesses can't just pack up and leave.
As for the impacts to inflation, well, central bankers and the government seem quite apt at controlling inflation in rich western countries for the most part. I'd suggest, we're not at the point of lack of control yet. The issue and where our standard of living comes into play is the central banks seem capable of controlling inflation but that control comes at a trade-off to reductions in economic growth and most importantly to economic opportunity. There are losers to inflation but those losers aren't your average citizens with negative net worth due to debt. The people who lose due to rises in unexpected inflation are the people with debt as an asset on their balance sheet (banks/lenders), while people who have credit card debt actually benefit from unexpected inflation because now it's really easy to payoff your debts because wages will likely go up from the inflation since inflation has no impact on real wages holding all else constant.
Having businesses fail is also not a bad thing for a society. This socialist state where we refuse to let losers fail by propping them up with government debt while refusing to allow unexpected inflation simply consolidates wealth among the class of citizens who had wealth to begin with. People without wealth need opportunities to create wealth and the less failure we allow the more crowding out of opportunities for people to create wealth we promote. What we need is simply less government and central banker control on the economy entirely and we'll all be better off for it in the long-term even if in the short-term there's some hardships we must face.