Generational Theft Canadian Style: Secret RCMP report warns Canadians may revolt once they realize how broke they are

 What's the result of nine years of the left wing government of Justin Trudeau?  National collapse according to a report by the Royal Canadian Mounted Police.  The RCMP's report was obtained by Canada's National Post via an open records request.  The report is highly redacted so one can only assume that the parts that are taken out are even more dire than that which remained.  

The report states: "The coming period of recession will … accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations" and that "[e]conomic forecasts for the next five years and beyond are bleak."

The Post adds more detail on Canada's dire economic situation and how high housing costs--higher relative to incomes than the United States--mean that young Canadians are unlikely to ever afford to buy a house.

In terms of declining living standards and inaccessible home ownership, the RCMP’s warnings are indeed in line with available statistics.

Canadian productivity — measured in terms of GDP per capita — has been trending downwards since at least the 1980s. But this has accelerated dramatically in recent years — even as per-worker productivity rises in many of our peer countries.

An analysis last year by University of Calgary economist Trevor Tombe found that if Canada had merely kept pace with U.S. productivity growth for the last five years, Canadian per-capita earnings would be $5,500 higher than they are now.

Meanwhile, housing affordability has reached “worst-ever” levels in most of Canada’s major markets, according to a December analysis by RBC. On average, even condos are now so unaffordable that only 44.5 per cent of Canadian households had sufficient income to buy one at current prices. As for single-family homes, only the richest 25 per cent of Canadian households had any hope of obtaining one.

According to the Heritage Foundation, economic freedom in Canada declined sharply since Trudeau took office.  

The Canadian experience again shows how socialism harms the interests of the young.  Nine years into the Trudeau Administration, young people in Canada can only look forward to declining living standards and renting in perpetuity.  Not a happy situation.