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	<title>Comments on: Debt nation</title>
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	<link>http://www.greaterfool.ca/2010/02/04/debt-nation/</link>
	<description>Book and Weblog - Authored by Garth Turner</description>
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		<title>By: Bailout Joe</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60680</link>
		<dc:creator>Bailout Joe</dc:creator>
		<pubDate>Sat, 06 Feb 2010 23:01:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60680</guid>
		<description>140 Calgary Rocks

&quot;Wow, this board is full of uncivil servants that sacrifice 50/100K per year in extra pay so that they can serve their country. How altruistic of them!!&quot;

Or this board is full of civil servants that cannot stand the concept supporting room temperature private sector individuals who fail to plan for the future....

Most studies show that during boom years the private sector gets paid disproportionate to the value that they add...</description>
		<content:encoded><![CDATA[<p>140 Calgary Rocks</p>
<p>&#8220;Wow, this board is full of uncivil servants that sacrifice 50/100K per year in extra pay so that they can serve their country. How altruistic of them!!&#8221;</p>
<p>Or this board is full of civil servants that cannot stand the concept supporting room temperature private sector individuals who fail to plan for the future&#8230;.</p>
<p>Most studies show that during boom years the private sector gets paid disproportionate to the value that they add&#8230;</p>
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		<title>By: JoeCalgary</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60608</link>
		<dc:creator>JoeCalgary</dc:creator>
		<pubDate>Sat, 06 Feb 2010 07:25:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60608</guid>
		<description>knucklewalker, if it goes mad max, it won&#039;t matter where you are.

coho, what makes you think society won&#039;t break down in rural areas too?  Are you thinking that rural people will not feel anger and unrest?  That they&#039;ll have goods and services while city people will not?  That their distance communications will hold-up better than will those in the cities?  And why on earth would friends and family who live in the country be so different in supportiveness nature than the friends and family who live in the city?

I&#039;ve been reading about the roving gangs of thieves and rapists and the packs of stray, unfed dogs kicked-out by their no-longer-able-to-feed-them owners for over ten years, accompanied by all sorts of rants about society as we know it gone forever and death and destruction in its place.  However, no one seems to consider that those roving gangs may head for the country, too, especially if and when word gets around that food is being grown in abundance there.

I&#039;m not saying these things lightly.  I&#039;m rural-raised and not wanting to return there.  Life was cold, lonely, and a struggle.  A shortage of fuel made worse by a high price of oil won&#039;t make rural life any easier, either.

You may not have heard about the pre-y2k Milne who kept repeating &quot;If you live within five miles of a 7-11, you&#039;re toast.&quot;  Well, to me a nearby 7-11 is somewhat comforting.  An empty water tower or cistern isn&#039;t.</description>
		<content:encoded><![CDATA[<p>knucklewalker, if it goes mad max, it won&#8217;t matter where you are.</p>
<p>coho, what makes you think society won&#8217;t break down in rural areas too?  Are you thinking that rural people will not feel anger and unrest?  That they&#8217;ll have goods and services while city people will not?  That their distance communications will hold-up better than will those in the cities?  And why on earth would friends and family who live in the country be so different in supportiveness nature than the friends and family who live in the city?</p>
<p>I&#8217;ve been reading about the roving gangs of thieves and rapists and the packs of stray, unfed dogs kicked-out by their no-longer-able-to-feed-them owners for over ten years, accompanied by all sorts of rants about society as we know it gone forever and death and destruction in its place.  However, no one seems to consider that those roving gangs may head for the country, too, especially if and when word gets around that food is being grown in abundance there.</p>
<p>I&#8217;m not saying these things lightly.  I&#8217;m rural-raised and not wanting to return there.  Life was cold, lonely, and a struggle.  A shortage of fuel made worse by a high price of oil won&#8217;t make rural life any easier, either.</p>
<p>You may not have heard about the pre-y2k Milne who kept repeating &#8220;If you live within five miles of a 7-11, you&#8217;re toast.&#8221;  Well, to me a nearby 7-11 is somewhat comforting.  An empty water tower or cistern isn&#8217;t.</p>
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		<title>By: jr</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60601</link>
		<dc:creator>jr</dc:creator>
		<pubDate>Sat, 06 Feb 2010 05:49:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60601</guid>
		<description>#120 knucklewalker on 02.05.10 at 6:37 pm 

The Net Hubbert curve will make the World Collapse much faster than did the Roman edifice….it was driven by ox and man power…solar driven….so when central authority went away the barbarians mostly went back to farm life (a few stormed the Gates and all that..but not many)
*******************************
Oil--what can ya say--
Gold is a political metal and Oil is a political commodity--
I&#039;ve read Kunstlers &quot;long emergency and Simons --Twilight in the desert--
Oil always an anomaly--inflation or deflation--never seems to have a lasting hold on it--
Seems to have an initial effect,and then it decouples from economics--
So--i do agree with you about such a wild card--
We have ways of prolonging this &quot;thing&quot; but--
instead of doing what we can--
convert vehicles to nat gas--go nuclear--green energies etc--
we instead focus on making crooked bankers whole--who got caught up,in their own ponzi scheme--
We&#039;re a society coming unglued and we just can&#039;t get out of the way of ourselves--
We&#039;re too tiny of a group--a handful of bloggers--
to make any difference--
someone above--talked about too much gloom on this board--
Reality--this time around--ain&#039;t pretty--</description>
		<content:encoded><![CDATA[<p>#120 knucklewalker on 02.05.10 at 6:37 pm </p>
<p>The Net Hubbert curve will make the World Collapse much faster than did the Roman edifice….it was driven by ox and man power…solar driven….so when central authority went away the barbarians mostly went back to farm life (a few stormed the Gates and all that..but not many)<br />
*******************************<br />
Oil&#8211;what can ya say&#8211;<br />
Gold is a political metal and Oil is a political commodity&#8211;<br />
I&#8217;ve read Kunstlers &#8220;long emergency and Simons &#8211;Twilight in the desert&#8211;<br />
Oil always an anomaly&#8211;inflation or deflation&#8211;never seems to have a lasting hold on it&#8211;<br />
Seems to have an initial effect,and then it decouples from economics&#8211;<br />
So&#8211;i do agree with you about such a wild card&#8211;<br />
We have ways of prolonging this &#8220;thing&#8221; but&#8211;<br />
instead of doing what we can&#8211;<br />
convert vehicles to nat gas&#8211;go nuclear&#8211;green energies etc&#8211;<br />
we instead focus on making crooked bankers whole&#8211;who got caught up,in their own ponzi scheme&#8211;<br />
We&#8217;re a society coming unglued and we just can&#8217;t get out of the way of ourselves&#8211;<br />
We&#8217;re too tiny of a group&#8211;a handful of bloggers&#8211;<br />
to make any difference&#8211;<br />
someone above&#8211;talked about too much gloom on this board&#8211;<br />
Reality&#8211;this time around&#8211;ain&#8217;t pretty&#8211;</p>
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		<title>By: RAIN</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60597</link>
		<dc:creator>RAIN</dc:creator>
		<pubDate>Sat, 06 Feb 2010 04:49:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60597</guid>
		<description>#139 is bang on. 

I&#039;m tired of this civil servant bashing all the time. We work hard for years and give the best years of our lives for the taxpayers. First of all our pension is contributory and we work for lower wages as a trade off for the pension. It&#039;s not a gold plated pension anyway (you&#039;re just guessing ); we have to have other investment income in order to survive after retirement.</description>
		<content:encoded><![CDATA[<p>#139 is bang on. </p>
<p>I&#8217;m tired of this civil servant bashing all the time. We work hard for years and give the best years of our lives for the taxpayers. First of all our pension is contributory and we work for lower wages as a trade off for the pension. It&#8217;s not a gold plated pension anyway (you&#8217;re just guessing ); we have to have other investment income in order to survive after retirement.</p>
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		<title>By: CalgaryRocks</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60581</link>
		<dc:creator>CalgaryRocks</dc:creator>
		<pubDate>Sat, 06 Feb 2010 03:02:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60581</guid>
		<description>&lt;blockquote&gt;#131 Bailout Joe on 02.05.10 at 8:13 pm
127 Tax Haven

Or…

One thing our leaders should do is impose an additional 30% tax on all inflated private sector wages during the boom years and create a special “boom bust fund” for those specific individuals.&lt;/blockquote&gt;

Wow, this board is full of uncivil servants that sacrifice 50/100K per year in extra pay so that they can serve their country. How altruistic of them!!

In fact most studies show that the public service, if anything, is overpaid and also, way too big. 

And BTW, that additional tax that you are talking about already exists given our progressive tax system.</description>
		<content:encoded><![CDATA[<blockquote><p>#131 Bailout Joe on 02.05.10 at 8:13 pm<br />
127 Tax Haven</p>
<p>Or…</p>
<p>One thing our leaders should do is impose an additional 30% tax on all inflated private sector wages during the boom years and create a special “boom bust fund” for those specific individuals.</p></blockquote>
<p>Wow, this board is full of uncivil servants that sacrifice 50/100K per year in extra pay so that they can serve their country. How altruistic of them!!</p>
<p>In fact most studies show that the public service, if anything, is overpaid and also, way too big. </p>
<p>And BTW, that additional tax that you are talking about already exists given our progressive tax system.</p>
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		<title>By: Grannysweet</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60574</link>
		<dc:creator>Grannysweet</dc:creator>
		<pubDate>Sat, 06 Feb 2010 02:02:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60574</guid>
		<description>OK, to all of the blog dogs who keep slagging &quot;civil/public servants&quot;; enough already. I&#039;m one of them and  thank god it&#039;s Friday night. I have put in a b****h of a week, one of many. Working flat out every day, no breaks, lunch at my desk. Just like all you folks in the private sector. Yes, I am paid fairly, please note I said fairly! I do not belong to the $100,000 club. I came from the private sector later in my career so there is no &quot;golden pension&quot; waiting for me. A decent one for the years I will put in but it needs to be supported by other investments and CPP/OAS. So, am I complaining about working flat out, no, I happen to like my job. I put in more than an honest days work for my pay and would appreciate it if the blog dogs would acknowledge and respect that not all civil/public servants are f**&amp;#&#039;n the dog. Just started reading this blog recently, bought the book and for the most part I am learning and enjoying the experience.</description>
		<content:encoded><![CDATA[<p>OK, to all of the blog dogs who keep slagging &#8220;civil/public servants&#8221;; enough already. I&#8217;m one of them and  thank god it&#8217;s Friday night. I have put in a b****h of a week, one of many. Working flat out every day, no breaks, lunch at my desk. Just like all you folks in the private sector. Yes, I am paid fairly, please note I said fairly! I do not belong to the $100,000 club. I came from the private sector later in my career so there is no &#8220;golden pension&#8221; waiting for me. A decent one for the years I will put in but it needs to be supported by other investments and CPP/OAS. So, am I complaining about working flat out, no, I happen to like my job. I put in more than an honest days work for my pay and would appreciate it if the blog dogs would acknowledge and respect that not all civil/public servants are f**&amp;#&#8217;n the dog. Just started reading this blog recently, bought the book and for the most part I am learning and enjoying the experience.</p>
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		<title>By: Taxpayer like everyone else</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60571</link>
		<dc:creator>Taxpayer like everyone else</dc:creator>
		<pubDate>Sat, 06 Feb 2010 01:32:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60571</guid>
		<description>Hello Kurt at 59 and Junius 83. I disagree somewhat. Our 
market (VI not victoria) has held steady, or even dropped a bit since the peak of 07/08, and we had 
access to the same rates as everywhere else. Carney 
looks like the master of the &quot;elevator fart&quot; from here.

66 JK - it is every taxpayers right to avoid paying taxes 
by any legal means. But I have no problem if you want to pay extra.

Jess - thank you for your numerous postings and links. Many seem relevant to US law and taxes. Can you provide more Canadian content please?</description>
		<content:encoded><![CDATA[<p>Hello Kurt at 59 and Junius 83. I disagree somewhat. Our<br />
market (VI not victoria) has held steady, or even dropped a bit since the peak of 07/08, and we had<br />
access to the same rates as everywhere else. Carney<br />
looks like the master of the &#8220;elevator fart&#8221; from here.</p>
<p>66 JK &#8211; it is every taxpayers right to avoid paying taxes<br />
by any legal means. But I have no problem if you want to pay extra.</p>
<p>Jess &#8211; thank you for your numerous postings and links. Many seem relevant to US law and taxes. Can you provide more Canadian content please?</p>
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		<title>By: kc</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60570</link>
		<dc:creator>kc</dc:creator>
		<pubDate>Sat, 06 Feb 2010 01:22:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60570</guid>
		<description>135 Ret on 02.05.10 at 9:00 pm 

Why should someone make $12-20000 a year net on a property 


MAKE???  that is the make or break for owning from a bank... with out that they are underwater... I bet you.</description>
		<content:encoded><![CDATA[<p>135 Ret on 02.05.10 at 9:00 pm </p>
<p>Why should someone make $12-20000 a year net on a property </p>
<p>MAKE???  that is the make or break for owning from a bank&#8230; with out that they are underwater&#8230; I bet you.</p>
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		<title>By: Onemorething</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60569</link>
		<dc:creator>Onemorething</dc:creator>
		<pubDate>Sat, 06 Feb 2010 01:11:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60569</guid>
		<description>#100 - Bill...Bingo!  Did that 10 years ago!  Never looked back except for an annual vacation!</description>
		<content:encoded><![CDATA[<p>#100 &#8211; Bill&#8230;Bingo!  Did that 10 years ago!  Never looked back except for an annual vacation!</p>
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		<title>By: Ret</title>
		<link>http://www.greaterfool.ca/2010/02/04/debt-nation/comment-page-3/#comment-60568</link>
		<dc:creator>Ret</dc:creator>
		<pubDate>Sat, 06 Feb 2010 01:00:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.greaterfool.ca/?p=4859#comment-60568</guid>
		<description>If Toronto and other municipalities started taxing basement apartments and illegal duplexes, triplexes etc. as the multiple residences that they are, they would have lots of money to pay their bills.  CCRA should collect tax revenues as well from these income generating properties.  

Hamilton, and every other major city, is filled with thousands of these illegal apartments.  City Hall keeps whining about not having any money for infrastructure.  They need to look to the slumlords who fill up single family residential zoned properties with as many people as they can pack in, profit large, and dump their tenants on the City for more services.  

Why should someone make $12-20000 a year net on a property and pay the same property tax as a neighbour who does not rent their property, put in a 911 call every month, dump trash illegally, overload sewer systems etc.?  

If you didn&#039;t report $12-20000 of employment or interest income on your income tax form, year after year, Rev Canada would have you residing in a nice room with Bubba at the Gray Bar Hilton.</description>
		<content:encoded><![CDATA[<p>If Toronto and other municipalities started taxing basement apartments and illegal duplexes, triplexes etc. as the multiple residences that they are, they would have lots of money to pay their bills.  CCRA should collect tax revenues as well from these income generating properties.  </p>
<p>Hamilton, and every other major city, is filled with thousands of these illegal apartments.  City Hall keeps whining about not having any money for infrastructure.  They need to look to the slumlords who fill up single family residential zoned properties with as many people as they can pack in, profit large, and dump their tenants on the City for more services.  </p>
<p>Why should someone make $12-20000 a year net on a property and pay the same property tax as a neighbour who does not rent their property, put in a 911 call every month, dump trash illegally, overload sewer systems etc.?  </p>
<p>If you didn&#8217;t report $12-20000 of employment or interest income on your income tax form, year after year, Rev Canada would have you residing in a nice room with Bubba at the Gray Bar Hilton.</p>
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