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Andrew Heintzman

President at InvestEco Capital

Andrew Heintzman is a distinguished individual with a solid educational background and leadership experience in the finance sector.

He pursued his Bachelor's and Master's degrees at McGill University, demonstrating his commitment to academic excellence and knowledge acquisition.

Andrew Heintzman currently holds the esteemed position of President at InvestEco Capital, showcasing his expertise and proficiency in the realm of finance and investment management.

Highlights

Oct 20 · linkedin

Some recent news from very different sources underlines the real cost of populist policies.   The first is an article from the Economist, about a recent study that analyzed data over the last hundred years and finds that populist governments caused 10% per person reduction in GDP fifteen years after they came to power.   In Canada, you can see two examples of exactly how this happens unfolding in real time. The first is the effort by the Alberta government to separate their pension program from the CPP, which is based on a highly questionable formula that only their own consultants deem credible. If the Alberta government succeeds in convincing Albertans to separate their pension fund from CPP on these false premises, it will cost everyone in Canada (including Albertans). The end result, even aside from the incredible legal costs, will leave Alberta with a much smaller and more expensive pension plan (and more vulnerable to government meddling), and the CPP will also be weakened. All Canadians will be losers.   The second example is the short-sighted decision of the government of Quebec to double tuition for Canadians who aren’t Quebec residents. This poorly thought-out policy is motivated by two contradictory goals: 1) to reduce the number of anglophones coming to study in Quebec; 2) to provide financial resources to francophone universities (by sharing the increased tuition that anglophone universities will take in with their underfunded francophone universities). But the second objective will be undermined by the first, and along the way this policy will do serious harm McGill, Concordia and Bishops, three venerable Quebec institutions.   We have to turn away from zero-sum thinking and realize that we all do better when we work together.   https://lnkd.in/gT8syf_v   https://lnkd.in/g7bn6Ba4   https://lnkd.in/gKQ5GmYh   https://lnkd.in/gdZNmiYd

Andrew Heintzman
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Location

Toronto, Canada Area