Canada’s Immigration-Fuelled Ponzi Scheme Economy

Canada’s Immigration-Fuelled Ponzi Scheme Economy

Commentary Brad West, mayor of Port Coquitlam in British Columbia, made waves on Aug. 15 with a viral post on X in which he called his province’s addiction to high immigration “a Ponzi scheme.” A Ponzi scheme is when a fraudster promises investors that a fictitious enterprise will yield lucrative returns, and must constantly find new investors to pay the promised returns to the old investors. It inevitably collapses. This concept does not just a…