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By BobInnes (registered) - website | Posted February 25, 2011 at 13:06:49
I sort of think that the future is embodied in Jason's article about shoes. The newly impoverished ex-middle class will end up making boutique stuff for the super rich, who can afford quality shoes that may take a man-day to make.
While not the whole story, i think part of the issue here is the role of our above-average taxes on driving businesses out. Merulla disagrees with me on this but his logic seems biased toward his NDP roots. This is why i am adamant that the whole stadium, PAN Am, AEGD, Red Hill/Link, LRT, incinerator spending spree is going to bite us all extremely HARD when interest rates begin to respond to bond vigilante concerns. My response is now to consider possible exit strategies. Yes, Hamilton will eventually dig itself out from under, but the question is whether it will be within my lifetime.
Frogs, the pot is getting warm.
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