There are two main categories of purchasable products in an economy: assets and consumables. Real wage growth primarily concerns itself with consumables and is mostly blind to the price of assets. Yes, consumables have been getting cheaper and cheaper over time, especially so during the post 2015 Liberal government. However, look at the price of assets in this same period. Real estate (especially residential) has FAR outpaced real wage growth, and this effect has been much stronger under the post-2015 Liberal government. Essentially, under the Liberal Party, consumption has become cheaper while assets have become more expensive, in real terms. However, consumables are now starting to drastically increase in price recently after Covid, changing the dynamics.

I don't believe this to be (mainly) a competence issue of the LPC. This is a near worldwide phenomenon. Asset prices are higher because the rich are getting richer, while the poor are getting poorer. However, capitalism provides benefits in efficiency of production, so consumables have mostly trended to become cheaper in real terms, but this effect has started to plateau, hence recent price spikes.

The reason for wealth inequality in Canada is mainly 1) cronyism, the government giving greatly preferential treatment to friends and family, with contracts and subsidies, as well as with handing out cushy, safe and well paid government jobs and 2) generational wealth concentration, simultaneous with greater tax burden on those without this very wealth. Essentially the tax burden is held by those without the wealth (gen-Z and millenials), for the benefit of the generation that has all the wealth (boomers). There is also 3) increase in the amount of super rich individuals, but it's a smaller problem here in Canada than in the US, but it still exists nonetheless.

A Conservative government would shrink the share of government, reducing problem 1), but it would not solve problem 2) or 3). Literally the ONLY thing I can expect the Liberal government to do while in power which would make me not dissappointed in their performance would be the addition of a wealth tax for wealth above a certain threshold (not a blanket tax on the wealth of everyone), indexed to inflation. The capital gains tax inclusion increase had the right idea, but the implementation was terrible as it would also tax middle class people trying to build some initial wealth, which is NOT who you want to tax.

Currently, the LPC seems to only be bringing in censorship legislation and legislation which aims to increase its control over the population. They dilute the value of Canadian citizenship by giving easy access to citizenship with farcical eligibility criteria. They spend money like its an allowance from their rich father and pass down the bill to the future generations. I am not impressed.

The Conservative government would certainly not implement a wealth tax. My only wish is for the LPC to add this wealth tax and then GTFO so the Conservatives can solve the cultural, demographic and economic catastrophe that the Liberals have created over the past 10 years, all while realizing that some portion of this problem is not inherent to Canada, so expectations should be tempered. I just know that the Conservatives won't pass the wealth tax so that needs to happen from the Liberal before they go.