Sunday, March 16, 2014

Misguided Pauline Marois


It just never goes away.
Quebec's "separatism".

But some interesting stuff has surfaced that perhaps the Quebec premier should consider.

From the internet, author unknown:


"If Quebec should decide to hold a referendum and the Quebecois vote for leaving Canada, the fun starts.

   1. Aboriginals will refuse to give up their traditional territory.
   2. The St. Lawrence Seaway is jointly owned by Canada and the United States; Quebec has no claim to the lands set aside for the Seaway.
   3. Montreal is an island in the St. Lawrence and may not be part of a new Quebec.
   4. All federal facilities (and English speaking employees) in Quebec would have to relocate.
   5. Air Canada could not continue maintenance operations in a foreign nation.
   6. The Port of Montreal would wither as Canadian companies would have to find an Canadian location for imports and exports.
   7. Airlines would cease landing in Quebec until they could negotiate landing rights with the new nation.
   8. The Canada Space Agency could move from Saint-Hubert to Calgary.
   9. Federally licensed financial institutions (all banks, for example) could no longer operate in Quebec.
   10. Bilingual courts and a bilingual federal civil service would be history.
   11. The Official Languages Act would be history.
   12. Thousands of translators we now pay for would be out of work.
   13. We would have 78 fewer Members of Parliament to pay for.
   14. We would have 24 fewer Senators to pay for.
   15. The NDP would lose 57 seats including Mulcair’s;
   16. The Liberals would lose 8 seats including Trudeau’s.
   17. The Conservative party’s majority would increase from 52% to 67%.
   18. We would save about $20 billion annually in federal transfer payments - which could be used to pay down the federal debt.
   19. We could save another $543 million in funds currently earmarked for bridges over the St. Lawrence and in and out of Montreal.
   20. We would no longer support Bombardier.
   21. All military aircraft work contracted by Canada would have to leave Quebec.
   22. Goodbye to the CBC French language networks.     
   23. No more French language in the rest of Canada.
   24.  No more bilingual printing on consumer items thereby lowering the cost.
   25. No more French Immersion Schools.  Big saving!"

"Misguided?  Sounds insane," offers Kia of the prospect of Quebec leaving Canada.



Canada...from sea to (almost) sea.


Then this letter to "Queen Pauline":



An Open Letter to Queen Pauline

By Robbie Manis, March 5th, 2014
Pauline:
Congratulations on your recent release of the 2014 budget and your strong showing in the ongoing voter intention polls. It is truly refreshing to see some new ideas and vitality being brought to bear on the Quebecois nation. Having invested sufficient due diligence, I have gained some understanding of the Parti Quebecois platform and recognize that the party is a strong proponent of separation from Canada. As a fifth generation Quebecer, I too look forward to being liberated from the longstanding oppression wrought upon our nation by those meddlesome Canadians. However, while I understand the separatist dogma in concept, I must admit that my knowledge regarding the specifics of the plan are somewhat deficient. As such, I am curious to understand specifically how Quebecois society will operate following the unilateral declaration of independence (“UDI”).
Accordingly, I have set forth below some questions regarding issues that may have a measure of importance to the surviving population of Quebec. So I humbly ask that you shed some light on some or all of the following trifling details.
Given that Quebec’s population represents 23% of the population of Canada, I naively assume that Quebec will assume 23% of the federal debt upon its exit from Canada. When such assumed debt is added to Quebec’s existing debt load (which I understand to be substantial), can you please tell me what the combined debt per capita will be and how this figure compares to those of Greece, Sudan and Sierra Leone?
Like any child leaving the nurturing environment of the family nest, the obvious question is how will they survive on their own without the regular financial transfusions provided by their parents. Along these lines, how will liberated Quebec fill the financial void when the transfer payments formerly provided by Alberta, British Columbia and Ontario are truncated immediately upon the UDI?
Following the UDI, I imagine that those elements intended to feel marginalized by the separation will, unsurprisingly, feel marginalized. A reasonable portion will presumably take the logical step and return to Canada proper. We all recognize that these emigrants will be the wealthier, better educated and upwardly mobile members of Quebec society. And, to be clear, to such value creators I say good riddance and take your economic clout with you. But in quiet moments I do wonder how liberated Quebec will replace the substantial tax base moving west? Will you simply create a new 90% tax bracket for the very, very few remaining high income earners and do you think such a tax rate will be viewed as excessive?
Without providing an exact number, it is a fact that there are a large number of federal government employees employed within Quebec. Once Quebec sheds the noose of confederation, I have to assume that the positions occupied by such federal government employees will become superfluous. So I ask, what is Quebec’s plan to provide financial assistance to the boatload of additional unemployed? Has this additional cost to society been accounted for and provided for in your economic projections?
The PQ’s existing tax policy is to create a punishing tax regime for the entrepreneurs, doctors, dentists, lawyers, engineers, architects and other undesirables who take advantage of society and in so doing earn disproportionate annual incomes. Have you considered how Quebecois society will cope if many such professionals bolt for greener pastures? Do we care if our existing doctor shortage becomes far more pronounced or are we better off evicting the bourgeoisie?
I was born in Canada and have only ever lived in Canada. Having said that, is my Canadian citizenship misappropriated following UDI?
Following UDI, I have to imagine that Quebec will have to adopt its own currency. I cannot imagine that it would be able to unilaterally decide to use the currency of a foreign country (such as Canada) as its own. In any event, how can Quebec use Canadian currency as its base when it has no ability to influence the fiscal policies underlying such currency? I do not doubt that you have a well thought out plan dealing with basic fiscal policy. For my own education, can you kindly share some elements of this plan in layman’s terms?
What exactly happens to my Canadian passport following UDI? Can I no longer travel outside the Quebec boundaries given that I am now a resident of a country with no passport regime?
What do the many companies operating in Quebec do with the processing of weekly payroll? To whom are taxes paid? Do we simply pay the Quebec portion and reap a massive windfall by no longer remitting any deductions at source whatsoever to Canada? That would be a surprising but welcome result as we can really use the additional disposable income.
A sophisticated investor such as yourself surely understands that the financial markets have little tolerance or appetite for uncertainty. As such, Quebec bonds and debts will immediately see a significant risk premium included in the borrowing rates following UDI. The rising cost of borrowing will make interest on accumulated debts an even greater burden to be borne within the annual Quebec budget. What steps are planned to deal with this sizable increase in budgetary requirements? Surely this question has come up in previous caucus meetings.
Are the bank and brokerage accounts held by Quebecers in Canada simply lost as some form of collateral damage following UDI ? How do the TD Banks and Royal Banks of the world repatriate these now non-resident accounts?
With enhanced anti-immigrant policies, continued diminishing birth rates and the encouraged emigration of upwardly mobile anglophones and francophones, what is the revised actuarial estimate of the bankruptcy date for the Quebec pension plan? Will you simply increase the allowable retirement age to 93 and hope that everyone dies before receiving any annuity from the government plan?
Obviously many of the current programs that survive on the basis of large-scale redistribution of wealth will have to be curtailed. How will Quebec wind-down the existing $7-$8 per day daycare, the exaggerated parental leave initiatives and other corporate welfare programs?
With the termination of all federal contributions to infrastructure, how will liberated Quebec fund the emergency restoration of its crumbling roads, bridges and networks? Will you simply add another 50 cents per litre of gas tax? Surely such a tax increase can be sold to the public when cloaked within purported environmental concerns.
What is the cost of establishing border protection systems and regimes for liberated Quebec? Moreover, what about the cost of a Quebec military presence? I understand that defense can represent a meaningful chunk of the annual budget of a sovereign state. How many Quebecois pesos have been budgeted for these initiative?
Needless to say, I have other questions but the foregoing represents a reasonable initial list of concerns that we should at least gloss over in anticipation of the third referendum within the best of 7 series. I am sorry to burden you with these minor issues when instead you would clearly prefer to focus on the parade that will follow UDI. But at some level there are likely a few Quebecers other than myself that have wondered how the liberation of Quebec might affect the daily workings of our fragile society.
I would appreciate some answers to these questions and I imagine that after 35 years of separatist threats and promises, you have likely given each question at least a few minutes of concentrated thought.
I thank you for your attention to this matter and am confident that we can work together to better understand the future of our Quebecois nation.

 




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