Subhead:Ezra Levant and Canadian Taxpayers Federation director Franco Terrazzano warn the Liberals’ new sovereign wealth fund is just another slush fund for insiders.#
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Following in the footsteps of countries like Norway, Saudi Arabia and Singapore, Canada now has its own state-backed sovereign wealth fund.
Except, in those countries, the funds are fuelled by budget surpluses — while Canada’s has been running massive deficit spending.
On Monday’s episode of The Ezra Levant Show, Ezra broke down Prime Minister Mark Carney’s announcement of the fund and laid out his concerns over what this new project might become.
“Government is the barrier; government isn’t the solution,” he said about the plan. “When government is involved, it’s usually a sign … that things are not going well.”
The Liberal PM was using the language of New Democrats in his video announcing the wealth fund, Ezra said. “I think that’s because he wants to outflank the new NDP leader, Avi Lewis, on the left,” speculating the party’s new leader could win back voters who drifted away during Jagmeet Singh’s tenure.
