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Quote by Linda McQuaig

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Shooting the hippo: death by deficit and other Canadian myths

This book delves into the economic and social fabric of Canada, using essays to analyze and discuss key issues such as deficits, economic policies, and societal myths. It provides a critical examination of Canadian society and its economic challenges, offering insights into the nation's political and cultural landscape. more

Author

Linda McQuaig
Linda McQuaig

Linda McQuaig is a respected journalist known for her incisive commentary on politics and economics. Born in 1951, she has made substantial contributions to journalism with her insightful analysis and engaging writing style. more

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“The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at the bottom. Our social programs, modest compared to those of many other Western countries, play an important role in redistributing some of those resources from the haves to the have-nots.”

“The total dividend income declared in 1995 by the bottom 9.7 million Canadian tax-filers (47% of all those submitting tax returns) was $310 million. The estimated dividend income received by the Thomson family in 1995 from its 72% ownership share of the Thomson Corporation and its 22% ownership share of the Hudson's Bay Company was $310 million.”

“For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate of the Bank of Canada was to maintain a delicate balance between encouraging growth and fighting inflation, the Bank opted to focus exclusively on fighting inflation. In doing so it came down heavily in favour of those with financial assets to protect, and against those whose primary need was employment.”

“The statement, "The debt problem has become so extreme that we have no choice but to cut social spending" is presented as an objective assessment of our situation. But can you imagine a media commentator making the following assertion? "The debt problem has become so extreme that we have no choice but to raise taxes on the rich."”

“To a Mistress Dying Lover. YOUR beauty, ripe and calm and fresh As eastern summers are, Must now, forsaking time and flesh, Add light to some small star. Philosopher. Whilst she yet lives, were stars decay'd, Their light by hers relief might find; But Death will lead her to a shade Where Love is cold and Beauty blind. Lover. Lovers, whose priests all poets are, Think every mistress, when she dies, Is changed at least into a star: And who dares doubt the poet wise? Philosopher. But ask not bodies doom'd to die To what abode they go; Since Knowledge is but Sorrow's spy, It is not safe to know.”