There will be a Royal Commission. The recommendations that come out of it will not be followed..... or will it?
As for the debt that will be run up by the federal and provincial governments; only if the crown corporations are allowed to make money with monopolies will the debt be paid off. Any non renewing resource will have to be taxed at a higher rate. Everybody works even welfare cases. Even those that can't work, something will be done to find them work. Tax rate will be flat (simplifying the tax system). Compound interest will change to simple interest to increase money flow. Our Country will work to achieve goals, not individual wealth. Any one making over 300,000.00 will donate all earnings over 300,000.00. All corporation making over 1,000,000.000 profit will donate everything over 1,000,000.00 to the debt.
The only people who will bitch will be the rich....And they won't be allowed to leave Canada with their wealth.... After all, most of it was made riping off Canadians and overinflating prices here in Canada. Just get a VPN and check the price out of anything in the states vs. Canada, its 30-50% cheaper in the states. (Remember we have free trade with the states, even the money exchange), So why the difference... The 2 middle men making very good profits from the importing of finished materials (most of the time its in the form of a monopoly)...
Imagine a mortgage that only charges simple interest over the life of the mortgage. The money saved every year would go into the economy by people spending more money.
And finally manufacture anything in Canada for Canadians without patented paying fees.... (This won't happen, the US would invade first-just like the Iran invasion when the Duffess brothers were fucked over there and their revenge was weapons of mass destructions...and the invasion of Iraq and Afghanistan)
As for patents:
Prime example when the guy who invented gortex technology died, his heirs doubled the fee for gortex. Look at any gortex jacket (its in excess of 300.00 plus Cdn); so much so, that companies that manufacture outerwear, have come up with their own method of imitating the gortex brand... trying to keep jackets under 200.00.
Eventually all human ideals will be used for the benifit of humanity, without making the rich richer.... Or so I like to think....
Take a look at the mass productions areas of India, China, Malayasia, with hardly any environmental controls. Think about how polluted America would be today if they produced all that stuff in the US today....These rich people are running out of areas on earth to find cheap labour, and no environmental laws to produce products cheaply..
We will make our own gasoline and diesel. no imports. We will make our own plastics (everyones by now noticed those nice acrylic sheets at the checkouts at the groceries store by now) those sheets cost 10-15/square foot depending on thickness. Those same sheets in the states cost 3-5 dollars/square foot.
Not only does the high price of basic materials cost more, it stiffles innovation.....