Front Burner Kevin O’Leary and the 51st state
Jan 20, 2025
Kevin O’Leary, a wealthy Canadian businessman and prominent figure on Shark Tank, explores the provocative idea of Canada becoming the 51st state of the U.S. He advocates for an economic union, highlighting potential benefits like adopting the U.S. dollar and enhancing market access. The conversation also touches on energy politics in Alberta and the strategic need for negotiation in light of changing political landscapes. O’Leary emphasizes the importance of building U.S. partnerships to navigate future economic challenges effectively.
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Origin of the Economic Union Idea
- Kevin O'Leary's idea for an economic union stemmed from a trip to Mar-a-Lago.
- It sparked strong reactions, as Canadians value their sovereignty.
Common Currency Proposal
- O'Leary suggests a common currency, where Canadian dollars are swapped for US dollars.
- He believes Canadians would prefer the perceived stability of the US dollar.
North American Union (UNI) Proposal
- O'Leary proposes a "UNI", a passport allowing free movement within North America.
- This passport would grant access to live and work across borders with a flat tax rate.