Think big

ERECTION modified

Well, that was fun. When I proposed a poll on voting intentions and questions on economic platforms, I didn’t expect seven thousand people to respond in a day. Nor did I anticipate 45% of them would support the Cons. But as web master Bill Stratas and I watched the results roll in, high up in our election coverage gondola, I did imagine the leftie howlers who set up camp in the comment section would have a cow.

In fact, we got a herd. Big one. Hundreds of posts have attacked the methodology of the poll, or dismissed as a useless sampling of the overlord class.

As I said in presenting the results, that could well be true. There’s probably not a lot of cross-over between this pathetic site, for example, and Naomi Klein’s social justice blog. While GreaterFool gets a lot of hits (over six million a year) and seems to have a diverse readership of sad, strange people who favour dogs and ridicule HGTV, they also like money. But we all knew that. Thus the poll questions were centred on the economic issues this election’s been about – which were somewhat lost in the who-ya-gonna-vote-for results.

So, while enough people seem ready to hold their nose and give Mr. Harper a new government, there’s a lesson in here for the opposition guys. Don’t mess with the TFSA. Don’t create new, special taxes on successful people. Don’t risk jobs by raising corporate taxes. Don’t open the door to minimum wages that will kill small biz. It sure makes you wonder how the NDP – espousing exactly that agenda – got elected in a small-c, cowboy place like Alberta.

Arnie sent me this note the other day. Worth a read:

I guess I’m one of the 1%. I have worked hard. I’ve come from a very modest background. I shared a bedroom with my sisters in an 800-ft house until I moved out at 18.

Smart, but school wasn’t important. So at 24 I had to reboot and get serious. Went to college and applied myself. I have made all the sacrifices and have a great wife that facilitated my absences to get ahead in the corporate world. Paid for daycare, my wife has always worked, never collected EI or any of the handouts from the government.

So here I am, President of a manufacturing company in Alberta. I now make a little over $200K/yr. Two years ago I got the call. Someone was hurt at the plant. Fatality. I got the first call from the mother. He was 24. I was devastated.

I’m responsible for 60 employees. 40 of them likely voted for Notley. When I get taxed another 3-5-7% or more than half, I think it’s time to ask for another position. It’s just not worth it.

The NDP government in Alberta has already increased corporate taxation by 20% and introduced serious new taxes on high-income earners, like Arnie. The province’s budget will contain an historic deficit, significant new spending initiatives and (probably) a sales tax. Some people applaud that. Others think this is a helluva price to pay for just wanting to boot out the old guys.

It’s probably true that people who come to a site like this, yakking incessantly as it does about real estate and investment strategies, actually have money to spend or invest. So why would they support greater personal taxes or the curtailing of a vehicle like the TFSA? No surprise there. But to assume the average Canadian wants stiffer levies on corporations or another string of federal deficits is equally flawed. Same with a tax-free account that eleven million people own – which they know can be maxed out at any time in their lives.

The NDP is a dogmatic, iconoclastic, populist movement with broad support from those who feel on the margins. We need a party like that. But not in power. The Liberals, on the other hand, have lost their way. So long as they chase the NDP’s voter base, punishing the ‘wealthy’, leading the country into more debt and raising taxes on job-creating outfits like Arnie’s company, they’ll fail. This is miles off the Chertien-Martin model of fiscal conservativism and social progress which, in fact, was the mantle of the old Progressive Conservatives.

So our poll of economically-advataged readers, many of whom are 1%ers or wannabes, showing 55% non-support for the Conservatives and only 25% backing for the Libs was actually shocking. Mr. Harper has managed to turn off vast numbers of his core supporters while Mr. Trudeau has squandered the best opportunity he’ll likely ever be handed.

Interestingly, the last couple of major political polls are trending towards the results of this one. The Dippers are starting to crater. The Cons are stiffening. The Libs are drifting. And the Greens or BQ will sop up much of the ‘none-of-the-above’ vote. Once again we could have a majority government that two-thirds of voters didn’t ask for.

Well, that ends Democracy Week here. Back to hormones and mortgages, and babes like Janet Yellen. By the way, if I were running for office right now, getting 300 comments yesterday telling me I sucked might have an impact.

But, nope.

299 comments ↓

#1 TurnerNation on 09.25.15 at 6:35 pm

We are voting for our way of life?
If you every doubt who’s in charge read these:

– A man years ago expresses an opinion and loses his job.
– Another man commits many violent acts and breaks the law and keeps his job for years with full pay…as a police officer.

Who has the power here? I don’t like our system at all. Completely amoral.
But it’s shoved our way, starting with school kids and new programming.

http://www.cbc.ca/radio/asithappens/as-it-happens-friday-edition-1.3244024/turfed-ndp-candidate-says-he-s-done-with-politics-1.3244035

“”It wasn’t my intention to cause gratuitous offense. I was trying to call attention to the fact that women are not being treated equitably by some religious extremists.”

http://www.thestar.com/news/crime/2015/09/23/durham-police-officer-fired-for-using-excessive-force.html

“After more than seven years on suspension — and close to a decade since the violent assault that launched the disciplinary hearing — Turpin was fired after being found guilty of misconduct for unlawful or unnecessary exercise of authority.
Suspended since 2008, Turpin has racked up more than $600,000 in pay. In that time he has faced two criminal trials for assaults against members of the public.”

#2 Peter W on 09.25.15 at 6:36 pm

The following is taken from the Conservative Party of Canada’s federal election platform for the 2006 election – “Stand Up for Canada”, which is posted on the cbc.ca website:

“For those Canadians seeking accountability the question is clear: which party can deliver the change of government that’s needed to ensure political accountability in Ottawa? We need a change of government to replace old style politics with a new vision. We need to replace a culture of entitlement and corruption with a culture of accountability. We need to replace benefits for a privileged few with government for all.”

“Pay down the national debt by a minimum of $3 billion each year.”

“Create a National Security Review Committee to ensure effective oversight and a greater degree of accountability and transparency regarding Canada’s national security efforts.”

http://www.cbc.ca/canadavotes2006/leadersparties/pdf/conservative_platform20060113.pdf

#3 Frank on 09.25.15 at 6:38 pm

You’re all assholes.

I’m sick of the “Tax the rich 1%, they’re robbing us blind” attitude.

I’m sick of the “We rich can’t suffer the injustice of another dime in taxes or we’ll leave and take our jobs with us” attitude.

You both talk in absolutes about a world with a million shades of grey. I can’t wait for this election to be over.

#4 Peter W on 09.25.15 at 6:38 pm

Check out the top line in both of the following data tables from the Bank of Canada:

Latest household credit numbers for Canada (to the end of August, 2015):

http://credit.bankofcanada.ca/householdcredit

Latest business credit numbers for Canada (to the end of August, 2015):

http://credit.bankofcanada.ca/businesscredit

#5 Calgary Rip Off on 09.25.15 at 6:39 pm

1st?

So you propose that taxes continue just to pay someone’s salary? And low taxation on corporations just because?

Are you also voting republican?

#6 salmon rear end arm on 09.25.15 at 6:44 pm

thank god

#7 common sense on 09.25.15 at 6:45 pm

So sad that in times like this, where is a real leader to be found?

One more term Steven Harper….god bless us all?

#8 I am the Babblemaster on 09.25.15 at 6:51 pm

Sorry, but the Conservatives haven’t done much good that I can see. It’s time for a change.

#9 cramar on 09.25.15 at 6:54 pm

Well, I’m glad we are going back to back to hormones and mortgages—with brief forays into politics allowed. But what if Garth got 600 comments like, “We need a guy with some common sense in Ottawa. Please run again!”

Come to think of it, what if there was a pathetic-blog pole that said, “Would you vote for Garth Turner for PM?” I think there would be 9,000+ yes votes! Is that reflective of the broad Canadian public? I doubt it. The blog dogs are a different breed of canine! Hence I still don’t think the recent pole is valid. Nuff said.

#10 crossbordershopper on 09.25.15 at 6:54 pm

I used to vote con until my dreams fell apart with my life and now i vote ndp. why? well, because i get a cheque. not a big cheque, it pays the rent, and yes i work for cash on the side. like everyone else in hamilton.
people talk about tfsa, and deficits and interest rates and real estate, all important to you people, i understand some time ago i wanted and cared about all that stuff, until illness and job loss and debts etc became reality like everyone else in hamilton
moral of the story, when you have nothing, including money , hope or opportunity you vote for the guy who gets you a free pass.
deficits can be 20 billion who cares !, why do i care about the dollar, i used to, or interest rates, like really, zero to 10 percent who cares,
i used to dream now i simply exist till the day i die. this is the reality for many people i know. come to barton and wellington in hamilton and i will show you poverty, sickness and unhappiness.

#11 Randy on 09.25.15 at 6:57 pm

If I donate my brain to science can I become a dipper ?

#12 just not worth it on 09.25.15 at 7:01 pm

I now make a little over $200K/yr… When I get taxed another 3-5-7% or more than half, I think it’s time to ask for another position. It’s just not worth it.

Fine, it’s your choice.
Just like someone else’s choice to take a job for $10 per hour.

Nobody’s business and nobody really cares what you do.

There is always someone to fill both the $200K/year and the $10/hr opportunity.

#13 Big Dipper on 09.25.15 at 7:03 pm

Am I the only to notice that 55% of those who responded to the poll REJECTED the Con’s and the principles they stand for?

For the mathematically challenged, 55% is a lot more than 45%….

This in spite of the endless cajoling by this pathetic blog’s owner to see things his way – repeated again today.

This is truly pathetic.

#14 Linda on 09.25.15 at 7:06 pm

I can’t help but feel that it’s always the 1% who have a voice, who get their stories told, isn’t it Garth?

I’d be interested in hearing from the 60 employees about what they think was behind the incident. Or about the problems in their own lives. Or the stories of the worker who was killed, too.

“Someone was hurt at the plant.”

No. Someone was killed at the plant. Let’s be clear, as the icon of the 1%, Stephen Harper, loves to say.

“A fatality.” (Literally and structurally in his message, an afterthought, apparently. Sad.)

But we all reveal ourselves in whom we direct our sympathies towards, just like all those people, including some left-wingers, who jumped to support Jian Ghomeshi last year, before even considering the voices of the women he allegedly assaulted.

Wealth disparity and the corruption of corporate culture is out of control and must be stopped. This election is just one hopeful step.

**Interesting, isn’t it, that today so many Canadians are stopping off on the way home to buy a lottery ticket, for a chance to win $60,000,000.

**Yet, the outgoing CEO of corrupt, lying Volkswagen will receive just that, 60 million (euros) on his way out.

Wow. But why?

Because he is part of the ultra 1% in a catastrophically corrupt world system of capitalist stupidity. A system that has strategically gutted the power of the state to regulate and oversee things over the last thirty years.

http://www.wsj.com/articles/former-volkswagen-chief-martin-winterkorn-could-receive-60m-payoff-1443103501

We must take down this system, overcome all the vested interests of the ultra 1%, one way or another. It must start peacefully.

Otherwise these excesses of privileges for the few will destroy us all.

Guaranteed. It has happened before and will do so again.

Here’ a fellow who has things figured out right:

https://twitter.com/Mintzberg141?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

#15 Smartalox on 09.25.15 at 7:09 pm

Not so fast in the pro-Tory camp!

Wonder why gas prices remain high when oil is at record lows? Well, it turns out that the federal public service that monitors and publishes data on the profits oil companies make from refining fuel, is suspended as a result of the record-long election period.

Do you think that the oil companies are taking advantage of the fact the public monitoring system has been turned off during the election, to gouge us all through the summer driving season?

http://www.cbc.ca/m/news/topstories/canada-election-2015-fuel-prices-neil-macdonald-1.3240778

#16 Chopper on 09.25.15 at 7:11 pm

Always voted for PC and will vote again, what is the alternative…..none. All those who blame Harper for all the woes in Canada will regret voting for anyone else. He is not perfect that is true but none of the opposition comes close to representing this country as the PC.

So bash Harper all you want, if the Libs or NDP should ever get at the helm… there will be wailing and nashing of teeth mark my words.

#17 IKnow on 09.25.15 at 7:14 pm

Why Regina house price above US average? because the people there look up to Toronto.

Why Toronto house prices so expensive? because people there think their land should not be too much less than that in Vancouver.

Why Vancouver so expensive? because people see their Chinese neighbors willing to borrow to the extreme to own land in certain neighborhoods.

Why Vancouver Chinese have so much courage to borrow? because they think they have this sixth sense about where the money from China will flow, namely to settle in Vancouver; plus they use Hong Kong property values to justify the cheapness of land in at least certain parts of Vancouver.

Why Hong Kong property values so darn expensive? because enough people there love to speculate.
Check google news to find out how many people there think they can flip for profit that IPhone 6s that is released today.

#18 Herf on 09.25.15 at 7:15 pm

“It sure makes you wonder how the NDP – espousing exactly that agenda – got elected in a small-c, cowboy place like Alberta.”

Easy – they lied about or didn’t disclose their true intentions:

http://www.therebel.media/watch_in_six_seconds_notley

#19 PeterfromCalgary on 09.25.15 at 7:16 pm

I love my TFSA so don’t cut it in half.

#20 Nora Lenderby on 09.25.15 at 7:18 pm

I wouldn’t worry about your poll. Having a question about “hating” Mr. H. right before asking who a person will vote for should induce a Halo effect.

https://en.wikipedia.org/wiki/Halo_effect#Reverse-halo_effect

The devil effect, also known as the reverse halo effect, is when people allow an undesirable trait to influence their evaluation of other traits.[3] The Guardian wrote of the devil effect in relation to Hugo Chavez: “Some leaders can become so demonised that it’s impossible to assess their achievements and failures in a balanced way.”

#21 Mr. White on 09.25.15 at 7:20 pm

The people who objected to the way the poll was made mistook the idea that the sample was in anyway reflective of a random sample of Canadians. It is by definition a self-skewing sample. As any poll of this nature has to be.

You made zero claim to predicting the election but you certainly shed light on what your readers want the government to do. Which is lay-off on the idea that taking money from rich and dare I say productive people and giving it to unproductive civil servants, unionists and people who simply do not much want to work is a method creating universal prosperity.

The problem with the people who seem to vote for leftists is that they can’t seem to do arithmetic and can learn nothing from past errors. Geez guys, learn about linear regressions if you want to see what happens when you spend a lot more than you take in. Take a look at how raising taxes on those with money rarely results in greater revenue over the long term. We just take our money and move it elsewhere.

I submit to you that Alberta voted NDP, not because they wanted to have a leftist government but because Daniel Smith crossed the floor and they had no idea what the new Wild Rose Leadership was about. We in Alberta (well not me, I voted Wild Rose) are starting to understand the the NDP was by no means ready to form a real government. The plethora of ignorant MLA’s that have come out of this simply do not understand Alberta and what its people need. Social workers do not understand much about the energy business and that is being demonstrated on a daily basis here in Alberta. The flight of capital is well underway.

As to those goofs who think your poll was bad, they are merely demonstrating a lack of understanding of statistics, poll questions, and what your intentions were.

Thank you for the poll, I found it incredibly informative.

#22 Bby604 on 09.25.15 at 7:20 pm

I’m responsible for 60 employees. 40 of them likely voted for Notley. When I get taxed another 3-5-7% or more than half, I think it’s time to ask for another position. It’s just not worth it.

—————
So ur saying a tax increase would make taking calls from bereaved mothers of people that died in your plant just not worth it anymore. Why not just make your plant safe so people don’t get killed there?

#23 Billy Bob on 09.25.15 at 7:22 pm

I’m opposed to increases in taxes but the rhetoric around the topic is pathetic (on both sides of the argument)!

“When I get taxed another 3-5-7% or more than half, I think it’s time to ask for another position. It’s just not worth it.”

So you make $200k a year from your business (not including any equity value) and because your tax rises $7-14k you’re going to pull out? Sober up…

#24 Paul A. on 09.25.15 at 7:23 pm

Well Garth , any thoughts of throwing your hat in this time around?
we could use people with common sense running for office in this country, as a dual citizen of Canada and USA i have allays found it interesting that on the US side people are much more engaged in the politics of the nation, and they seem to bring up a slate of colorful, but none the less qualified candidates, up here not the case in my mind,seems we have problems attracting the talented folks to run for public office Why? well my fellow Canadians,and indifferent voters, you need to take a few minutes to consider the issues, become engaged, and take the time to make your X in this election otherwise don’t bother bitching at timmies while grabbing the cup of java, when you get a result the day after the election you don’t agree with GET INFORMED, CONSIDER THE ISSUES, AND ABOVE ALL VOTE. signed :ex patriot Connecticut Yankee, and Proud Citizen of Canada, whom will be voting.

#25 nonplused on 09.25.15 at 7:25 pm

Well I for one do not think you sucked as an MP and if the TSFA was your crowning achievement that’s something I think you can probably live with. It has the potential to make a more positive difference for more people than anything else that has come along in a long time!

But for the last time the only reason the NDP was successful in Alberta this time is because Wild Rose split the vote! If you count the votes in each riding that Wild Rose + Conservative got, the NDP has some seats but no mandate. This is still a small c province and Noltey will be a one hit wonder. 4 years from now we will all be wondering what we were thinking (most already are) and she will be out along with all the other pot smoking college students that managed to get elected this time.

But reading the way you phrased your post today Garth, something struck me. Maybe Harper can win, because this time at the federal level the Lib’s and NDP are going to split the left vote, and Harper has no Wild Rose to contend with. Even if the man is an ass, let’s hope.

Ultimately, however, voters of Canada please try and remember. You only get to vote for Harper if you live in his riding. The principle of Canadian politics is supposed to be that you vote for your MP only, based on your assessment of the candidates that are running in your riding. You don’t vote for the leader of the party, you trust your MP to do that. So vote on principle, and vote locally for the guy that shows up at your door and you feel could best represent you.

It is theoretically possible, although I think unlikely, that the conservatives can win a minority government or even a majority, and Harper looses his riding. In that case the conservatives would elect a new leader. So vote for your MP, not the leaders.

It is also possible, he has to do it at some point, that Harper will step down before the next election. Heck shortly after the election he will probably have to re-run for his position amongst the MP’s and party and who knows what the result will be.

So do not vote against Harper. Vote for your MP of choice. That’s the way it works here even though I know it is not how it is perceived by the public. We do not have voting for the President as they do in the US. You vote for your own MP only.

#26 omg the original on 09.25.15 at 7:26 pm

Polls aside, ultimately the election outcome will depend on how things shake down regionally.

I am guessing minority Con or NDP.

Hard to imagine the Libs pulling it off, but stranger things could happen – just think about Justine representing us on the world stage – yikes

Minorities are good – increases the electorates’ interest and crystallizes issues for the next election.

Most importantly minorities keep the governing party from doing anything too stupid.

#27 Paul on 09.25.15 at 7:26 pm

Hey Garth,

How about talking about something important because if the CONS win it won’t matter much about the TFSA rollback. Lots of retirees won’t be able to afford it anyways.

https://www.blacklocks.ca/pension-cut-bill-now-drafted/

#28 Ralph Cramdown on 09.25.15 at 7:28 pm

“So why would they support greater personal taxes or the curtailing of a vehicle like the TFSA?”

To pay for stuff? The current government cut the GST, introduced and then expanded TFSAs, made income splitting available to more people, lowered required RRIF withdrawals, added a universal child care benefit… and ran up the national debt, big time, plus an infrastructure deficit. In a time of a housing, construction and resource extraction boom. When did that become conservative fiscal policy? Oh, right, they’ll just eventually get themselves unelected leaving behind a big fiscal mess for the other guys to clean up.

Since even the right wing party isn’t willing to cut spending enough to get anywhere near a balanced budget through the business cycle, the only things that will get us out of this fiscal mess are higher taxes or inflation. You’d prefer inflation?

#29 Jon on 09.25.15 at 7:29 pm

Cons will win a minority government, Ndp and libs will defeat them and then team up for a stretch of governing.

Dippers too far left, cons too far right, so I’m taking the middle ground.

#30 When will they raise rates? on 09.25.15 at 7:30 pm

Anyone who votes for the Conservative Party is a traitor to not only Canada and our founding principles (“True North Strong and FREE”), but also a traitor to their own personal freedom and liberty. Why? C-51.

If the Conservatives win, I will consider – for the first time in my life – leaving Canada, for a country yet to be decided. C-51 is not something that any Canadian that I grew up with would have agreed to. Bottom line. This country has fallen.

Vote Libertarian.

#31 Daisy Mae on 09.25.15 at 7:34 pm

“This is miles off the Chertien-Martin model of fiscal conservativism and social progress which, in fact, was the mantle of the old Progressive Conservatives.”

******************

Just recently the Liberals have called on both Chretien and Martin to bolster Trudeau. He shouldn’t need this support. I’m extremely disappointed with the Liberals. Until they get their damn act together, they FAIL.

Well, at least the ‘cons’ will be forced to deal with the mess they’ve created if they win. I use that term loosely.

#32 Fzzzz on 09.25.15 at 7:35 pm

Give em hell Garth!!

#33 old stock canadian on 09.25.15 at 7:36 pm

Debt trap is used to circumvent the democracy into tyranny.
When 70% of households owning the houses, the leaders know where to hit.
The mortgage free home owners wants their house price to go up because of retirement.
The recent home owners wants their house price to go up because nobody want to be underwater.
The builders wants the house price to go up because of risk free profit.
The Realtors wants the house price to go up because of inflated commission.
The banks wants the house price to go up because nobody would default.
The city wants the house price to go up because of high assessment.
The government wants the house price to up because of land transfer tax.

Majority of the people hate the prime minister still want to vote for him according to the polls.

Lawrence “Larry the Liquidator” Garfield (Danny DeVito) speech from the movie “Other People’s Money”

Who cares?

I’ll tell you.

Me.

I’m not your best friend. I’m your only friend.

I don’t make anything? I’m making you money.
I take from the Rich, I give to the middle class… Well, the upper middle class.

#34 Smoking Man on 09.25.15 at 7:37 pm

TN visa acquired..hallarious.

Dude beside me, about to be rejection number 3
A kid,
A degree from McMaster, it was so obvious he was going to be selling pharmaceutical products. Took me three sentences to see through it. Border gaurd one.

I was on the fence, dident have the original documents, had a signed copy of a scanned gig offer of my writing by the way. The corps attorney, said it won’t work, we need 3 gs to do it right. My new boss gave me the green light. Boom, done..

Figured I had enough amo, I could wing it.

The Schooled dude about to be sent home packing.

I throw out a name, is Sam xxxxxxx retired now.

Yes, you know Sam? He’s got a TN consulting company. He trained us.

Guys, that guy changed my life for the better, anytime I think how great Americans are, Sam comes to mind first.. My first attempt getting a TN was bad, I called and spoke to Sam, he coached me, what a great man..

I look at McMaster, worced lier in the world. then his handler with a face of, you can be remembered as good as Sam.

McMaster made it in…..

Shit I do for people… Is all I’m saying..

Hello mass a two shits, you ready for me.. See you first of October.

Smoking Man going to where the land of the free started.

I’m very excited.

#35 Herf on 09.25.15 at 7:38 pm

Uh-oh. The Lieberals and Dippers (Diapers?) couldn’t impress enough of the tax-paying middle-class slobs, so they’re trying to pursue support from their fall-back base:

http://www.canada.com/news/canada/liberals+public+servant+vote+ottawa/11390920/story.html

From the article:

“Trudeau’s letter described how “respect and trust for our public servants by the federal government has never been so low, and I want to take this opportunity to assure you that I have a fundamentally different view than Stephen Harper of our public service.”

No mention about the public’s disrespect and trust for public servants.

Here’s the kowtowing to the public sector:

“According to the letter, the Liberals would bring back labour rights for public servants and rely on them to provide independent advice.

The letter hits all the worrisome issues for Canada’s public servants, of which nearly 108,000 work in the region. These include:

• a new mandate to negotiate a sick leave deal rather than impose one,

• a promise to “revisit” the legislation that rolled back collective bargaining rights in the public service,

• pledging to unmuzzle scientists and appoint a Chief Science Officer, and

• bringing back the long-form census and to make Statistics Canada independent”

Shades of Wynne!

#36 Nora Lenderby on 09.25.15 at 7:39 pm

#393 #noheadsackingincanada on 09.25.15 at 5:11 pm
#372 Holy Crap WTT

Oh, so funny Mr. nohead…etc. You manage to hook a gullible gentleman. Settle down Mr. HCWTT.

The bags-on-women’s-heads issue (as any fule kno) is nothing to do with women’s attire. Ms. May is correct to say it doesn’t have any importance. It is a carefully designed micro-campaign to hook the segment of voting public that are anxious about such things, knowing that the court challenge was timed during the election, raising the issue.

Victims respond to the “Look a squirrel!” in the most gratifying way.

Incidentally, there are all kinds of personal apparel, behaviours and appearances that I dislike, but I don’t think they should be the government’s business.

That is liberty. In my opinion, of course.

#37 Shattered Dreamer on 09.25.15 at 7:39 pm

#18 Herf…..right…..and indeed…people were stupid enough to think if they had a funny protest vote as a personal moment in the ballot box like they were talking on TV it wouldn’t matter…well it does matter…democracy is no laughing matter.

Alberta was going to see hard times whatever the result because of the oil crash …but like BC’s and Ontario knee jerk protest flirtation with the NDP…in both cases it took more than a decade and longer post NDP to clean up the mess.

#38 Linda on 09.25.15 at 7:39 pm

If the NDP do propose & implement a sales tax in Alberta there will be a LOT of screaming. Because everyone knows once that sucker is in it will NEVER be repealed, regardless of what any subsequent government might promise in the lead up to an election. And if the NDP do implement a sales tax, they are done like dinner – Albertans will kick them to the curb, never to be elected again in living memory.

Regarding yesterday’s poll results – I’m not happy to hear the Cons are in the lead, but am not surprised at the results. Further, as unhappy as it makes me personally I am not expecting the Cons to lose at this point, unless a real big scandal erupts prior to election day for said Cons. And it would have to be a whopper to top what has already been reported on. That having been said, I will not be voting Conservative. There are those who would say I’m wasting my vote but my take is if you don’t vote your conscience your vote is truly wasted.

#39 Plenty of fish on 09.25.15 at 7:40 pm

If Arnie wants to resign as president of his company because of an additional 5 to 7 percent income tax, he should do so. There are plenty of others waiting to replace him, and certainly more eager thepan he sounds in having the job. Now, where would Arnie go, that is the bigger question. Everywhere else in Canada his salary would be subject to higher income tax. Is he going to be able and willing to find a better job abroad? Nah.

#40 Daisy Mae on 09.25.15 at 7:40 pm

“By the way, if I were running for office right now, getting 300 comments yesterday telling me I sucked might have an impact.”

***************

Probably goes right over Trudeau and Mulcair’s heads…they just don’t GET IT. It’s amazing that two people such as this want to lead the country! The average man on the street has more sense.

#41 omg the original on 09.25.15 at 7:41 pm

17 IKnow on 09.25.15 at 7:14 pm
Why Regina house price above US average?
—————-

Praire house prices are stunning.

Let’s face it Regina and S’tooner are little 2 horse towns in the middle of absolutely nowhere.

Yet they command prices much higher than many much more, shall we say Happenin’, US cities, like say, Austin, Portland, or Spokane. And magnitudes higher than similar sized eastern US cities.

Don’t get me wrong I grew up in S’tooner and like it a lot – still spend lots of time there. But 1/2 million for a new 3 bedroom house is ridiculous.

I think the true absurdity really struck me when I heard my nephew bought a modest new construction house 30 minutes from the edge of S’tooner for $450K.

Holy crap.

#42 saskatoon on 09.25.15 at 7:44 pm

#14 Linda1

for your own health and benefit:

1. identify latent psychological trauma

2. assign responsibility and find acceptance

3. adjust moral perspective accordingly

4. regain rational capacity

#43 omg the original on 09.25.15 at 7:45 pm

More on S’tooner house prices…..

So I am checking out the MLS on S’toon.

I think that condos in Saskatoon are actually more expensive than in Victoria.

Wow.

This, in a city where there are no real land constraints.

I know people tell me that Saskatchewan is where the jobs are – but I think that was last year.

#44 Bobby on 09.25.15 at 7:47 pm

No one wants to touch over hauling the monetary system at the position we are getting ourselves into here it would be nice to be at least little proactive.

#45 debtified on 09.25.15 at 7:47 pm

I care about the election and I am really sad that the other parties may give Harper another term in office. This is their election to lose.

Having said that, regardless of the election result I will not lose sleep over it. This is a great country we have that, no matter who the power might be, individuals still have the opportunities to accomplish great things. I never depend on any government to take care of me and make me successful. Tax me more, cut more services, whatever. As long as you don’t take away my ability to become successful, I don’t care. I will work harder and smarter if I have to. That’s the beauty of Canada. The land of opportunities.

#46 Nora Lenderby on 09.25.15 at 7:55 pm

#3 Frank on 09.25.15 at 6:38 pm
You’re all assholes.

Not you too, sweetie :-)

I’m sick of … I’m sick of … You both talk in absolutes about a world with a million shades of grey. I can’t wait for this election to be over.

Doesn’t it seem like years? Perhaps it has been. It is hard to put up with so much tripe, but it must be done.

Go out. Vote. Go home. And…that’s it.

Until next time.

#47 BS on 09.25.15 at 7:56 pm

.The Liberals, on the other hand, have lost their way. So long as they chase the NDP’s voter base, punishing the ‘wealthy’, leading the country into more debt and raising taxes on job-creating outfits like Arnie’s company, they’ll fail. This is miles off the Chertien-Martin model of fiscal conservativism and social progress which, in fact, was the mantle of the old Progressive Conservatives.

Yup, the Liberals blew it. Jr. Trudeau is a fool. All the Liberals had to do was maintain the status quo on taxation, TFSA’s, etc and maybe fiddle with things like jets and foreign policy and they could easily win. Nope, Trudeau actually advertises how he will increase taxes, cut the TFSA and income splitting, etc. Even the NDP are not stupid enough to come out and advertise tax increases. The NDP have never been elected federally and are despised in most provinces at the provincial level and Trudeau chooses to go left of the NDP. How dumb is that? This may go down as the worst Liberal campaign ever.

#48 Rational Optimist on 09.25.15 at 7:57 pm

We should all be visiting Ms. Klein’s site, and sites like it. Know thy enemy, after all.

I’m glad I can stop paying attention to all of the election coverage claiming a three-way (maybe four-way now that Duceppe has spoken to the 90% of Quebecers who feel strongly about paper bags or whatever) race. I’ll vote next month with the knowledge that the Tories will cruise to another majority, as predicted by this blog.

#49 Patrick on 09.25.15 at 8:06 pm

I saw Chretien speaking in Hamilton last week, going to bat for the ‘inexperienced’ Trudeau. He spoke about the economic growth and trade surpluses we enjoyed under his administration.

Under the Chretien-Martin team, Canada was in better shape: economically, democratically and socially. Sure a couple of scandals but I’m coming to expect that in politics. Paul Martin saved us from the banking crisis not Harper (like he claims).

Now, not to take anything away from Chretien but IMO the provincial governments play a larger role than the feds in the financial health of this country. During his administration we had Conservative governments running the show in Alberta & Ontario, the countries economic powerhouses.

Ralph Klein tackled Alberta’s debt, created surpluses all while cutting corporate taxes. He spurred investment in the oil sands before high oil prices were an everyday reality and prepped the province for the expansion that followed.

Mike Harris used a similar formula in Ontario with the common sense revolution, keeping Ontario competitive for manufacturing so any time the soaring loonie slumped our manufacturing took off, creating a yin-yang between commodities and manufacturing exports.

Now we have the opposite situation. The NDP in Alberta, the spend-happy ‘liberals’ in Ontario and the Reform in Ottawa. What the hell is wrong with this country. The winning formula is PC’s provincially and the Liberals in Ottawa for a nice balance.

#50 Big Dipper on 09.25.15 at 8:06 pm

#37 Linda

“If the NDP do propose & implement a sales tax in Alberta there will be a LOT of screaming”

Yes, unless the Alta budget introduces a sales tax the Province is financially doomed.

The previous Con artists failed to create a reliable source of Provincial income, depending instead on o&g revenue. We all know what happened to that one. A sales tax is mandatory and economists all agree.

Hopefully Rachel has more balls than Prentice and announces a 5% sales tax in the October budget.

#51 Smoking Man on 09.25.15 at 8:10 pm

I don’t give shit about the election, my wife’s casino addiction , and my binge drinking preserved for another year.

The irony, same rate as my previous tax farm gig but paid in US dollars.. Plus hotel and travel covered.

Previous gig want me back, I asked for a slight bump in my rate to cover, coming inflation with the Usdcad heading for 50%,the fact that every 2 years I need to take 3 months off.

My American manager said no….

See ya Later, now I await for my replacement from India to totally screw up all the great work I did this last 4 years.. It ain’t about the money.. I’m ego driven.

Figure in two years,, $$$$$$$$$$

#52 45north on 09.25.15 at 8:12 pm

Bby604: Why not just make your plant safe so people don’t get killed there?

plants are safe, very safe. time-method studies are applied, special tools, repetitive stress is a concern

on the other hand construction sites are not so safe, neither are logging operations

we don’t have enough information to judge

#53 Wisdom of the Canuck on 09.25.15 at 8:13 pm

If buddy steps down over a small increase in taxes, someone else will take his place. Either as head of the company, or if he closes the company, as the start of a new one or expansion of one of the competitors.

What conservatives always forget is that providing jobs is a byproduct of a business, it is not the main function of a business. No business owner wakes up in the morning thinking how he can create more jobs today.

Businesses leaving? LOL. We are a market of 35-odd million people with relatively high purchasing power. Access to a market is the soil that business grows in. Where are they gonna go? To another, more saturated market?

As for individuals taking their wealth and fleeing, see ya! Let me know if you need a ride to the airport.

Money, we can print (or expand credit, it spends the same as cash). Business, we can start. Hell, even the government can do this, they’re called Crown corporations. Expertise, we can teach. Most educated generation ever wasting away their skills at Starbucks or on welfare while the rich cry about taxes, and about how they’ll leave their cushy 200k a year executive jobs if the government takes another dime.

But guess what? A market of consumers doesn’t grow on trees. If you want to operate a business here, you gotta play by our rules. Who sets the rules might change this election. Take your lumps, pay your taxes, and stop sniveling. Nothing is more pathetic than rich people crying about taxes. Go move your business to a place like Somalia where taxes are zero, or as an individual, have fun in Monaco. We’re gonna be just fine without you.

P.S. Some of us define success along the lines of a happy, fulfilling life rather than the accumulation of money for its own sake, without end. If you’re going to call rich people “successful”, make sure you start with people like the Rogers, Irvings, and of course Paris Hilton. No matter what you do, they will always be more “successful” than you even if they spend the rest of their life in bed.

#54 rainclouds on 09.25.15 at 8:15 pm

If the Reformers win a majority, pyrric victory . Weak bench and slowing economy . Some tough slogging ahead. If housing turns ….they(cons) will own it.

Interesting results

#55 P Sydney on 09.25.15 at 8:16 pm

> Once again we could have a majority government that two-thirds of voters didn’t ask for.

Exactly. The popular vote will reveal what the average Canadian wants, not the results of first past the post.

#56 Scumop on 09.25.15 at 8:17 pm

Somewhat troubling that so many people want to do the ‘tax the rich until they bleed’ thing.

I am a member of that group – the working poor. I have little to save. And yet…

I have a tfsa, with etfs (not gics).

I have an rrsp (locked in from another time).

I see no sense in increasing taxes of businesses and “rich” individuals.

I do see that governments (lib/con/dip) all squander vast amounts of money that would be better spent by people and corporations on, oh, making stuff, growing stuff, mining stuff, exporting stuff. That brings in more money than tax increases.

Long ago, Pierre Trudeau said “justice must not only be done, but be seen to be done.” (a fine one to talk, having imposed martial law).

Twisting that, government seems to think
“Government must not only waste money, but promise to waste more.” Must be election time.

Politics: Call me a libertarian socialist.

On vote day, my only choice is who will do the least damage.

And on #1
http://www.greaterfool.ca/2015/09/25/think-big/#comment-399813
Thank you for posting that. We got to much of that kind of nonsense going on.

#57 Wisdom of the Canuck on 09.25.15 at 8:19 pm

By the by, sorry if it’s macabre, but I have one more thing to add. If buddy wants to cry about how hard it is to be the President of the company, and call the dead worker’s mom, I have an example of an even harder job. The job of the worker himself, breathing in toxic chemicals and wearing out his body at a labour job that probably pays peanuts, and losing his life at 24, in all likelihood because additional safety protections (engineering, mechanical, procedural, or otherwise) were deemed too expensive by the management. That’s a worse job, so Mr. President can stop crying about how hard he has it.

Fiction. There is no evidence of anything other than a death and a devastated boss. — Garth

#58 conan on 09.25.15 at 8:21 pm

I still think “the Kid” is going to be the next PM.
The Liberals are the only party with bench strength. They have heavy hitters running for them.

Willing to bet beer caps that I am right.

#59 Cp on 09.25.15 at 8:24 pm

Knew if the polls said a practical three way tie that conservative would get a significant bump on Election Day. The party in power gets crapped on right up until Election Day, then people change their tune. Happened in BCs last election, too. Basically polls are pretty crappy and often way off at the beginning of campaigns.

Still wish for a change. Don’t like how hateful this government seems to be towards everyone who isn’t an old style Canadian.

#60 For those about to flop... on 09.25.15 at 8:26 pm

Well, that ends Democracy Week here. Back to hormones and mortgages, and babes like Janet Yellen. By the way, if I were running for office right now, getting 300 comments yesterday telling me I sucked might have an impact.Garth

—————————————————–
Janet Yellen is a Vancouver 2 and an Antarctica 10!

#61 Hilary Turner on 09.25.15 at 8:27 pm

I agree, Garth, that the opposition parties are in the process of squandering an opportunity handed to them by God. Okay. But as a longtime NDP supporter, I dislike being characterized as “on the margins.” Although I am a single parent, I have a decent job; I do have money to spend; I own my house; it represents about 35% of my net worth; and yet I can bring myself to care about people less fortunate than myself. Neither Trudeau nor Harper has anything to say, seemingly, to me. As for a piece of cloth (niquab) being made into an election issue–holy smokes, ABC.

#62 bigtowne on 09.25.15 at 8:28 pm

The issues that seem to be setting the agenda on voter’s decision are the niqab and the Syrian refugee crisis. These issues underline our present economic insecurities including housing and jobs and social cohesion.

There is great homelessness in the large cities. Young people find housing and jobs not available or within possible reach.

The diversity social planning to shore up the Canadian quilt shows large areas of no diversity in the large cities.

#63 Wisdom of the Canuck on 09.25.15 at 8:32 pm

Fiction. There is no evidence of anything other than a death and a devastated boss. — Garth

I have little doubt the boss is devastated. I believe him. I made no claims of knowing for sure what happened. I just happen to be familiar with manufacturing environments in contemporary Canada, so I took a speculative guess.

You’d be surprised how many safety corners are cut for the sake of keeping costs down.

For example, every power plant, hospital and even most commercial office buildings are riddled with asbestos deep in their guts, breathed in by the workers you never see who keep the whole thing running. The saying is “if it’s old, and not metal glass or wood, it has asbestos in it”. Asbestos-caused illness is by far the greatest single cause of workplace-related death in Canada. And yet, we aren’t in a rush to remove it, and even import and install some to this day (not a lot, I think about 10 million worth of asbestos products were imported last year, but still non-zero).

Meanwhile, while these engineers and operators toil away for a fixed sum, their managers are sitting in a leather chair in an air conditioned office with filtered air and cry about how they’ll quit if taxes go up 4% on their bonus this year.

And you know what? Why not quit. Go enjoy your money, if you have enough to retire. Let the VP become the CEO. Let a senior manager become VP. Let a junior manager get promoted. Hire a new grad, a young person full of potential, who just needs some training investment and some resemblance of company loyalty to carry the torch on for another generation. The company won’t crumble without you.

#64 Smoking Man on 09.25.15 at 8:32 pm

Two more actor’s from true detective are now following @SmokingMan on Twitter.

I never asked for a connection..

Fk, this pathetic blog has reach….

Gartho.. Put some adds on here.. Jump the shark dude.

By Bandit a 3000 Sq ft dog house…

#65 pathcontrolmonk on 09.25.15 at 8:33 pm

Canada is beyond redemption. Hard to be sympathetic for a country that will likely re-elect the man they hate.

The Americans dont want to build a wall on the Canada border because they are worried about malcontents invading, they just find Canadians repugnant.

#66 pinstripe on 09.25.15 at 8:35 pm

This election is all about Red-Herrings.

None of the leaders are willing to talk about the real issue…….DEBT. The policy for cheap money is a total failure. No one in politics is willing to admit to a mistake. The global economy is losing traction due to the massive DEBT. IOW, the DEBT CRISES is ready to take hold and the next PM in Canada will have no choice but follow the course. The politicians have forced many to lose trust and confidence in government. All of this is bordering on a revolution.

In alberta, the PC policies forced many Albertans to vote ndp. Four years of ndp will not be worse that what the PC’s had in mind for Albertans. A levy is a tax regardless of the spin. alberta went through the most peaceful bloodless revolution. OTOH, it is interesting how the PC’s and WRA have now become so WISE.

The Great Depression in a rinse and repeat format.

#67 gut check on 09.25.15 at 8:36 pm

@ #3 Frank on 09.25.15 at 6:38 pm
You’re all assholes.

I’m sick of the “Tax the rich 1%, they’re robbing us blind” attitude.

I’m sick of the “We rich can’t suffer the injustice of another dime in taxes or we’ll leave and take our jobs with us” attitude.

You both talk in absolutes about a world with a million shades of grey. I can’t wait for this election to be over.

*********************

thank you
me too

#68 LH on 09.25.15 at 8:36 pm

when I was young I had my commie phase just like smoking man. check the old library check-out sheets at 371 Bloor and you’ll see my name on the communist manifesto. multiple times for that matter.

4 years of schooling in the US and 9 years of work (rates trading) have set me straight. Oh, and 15 odd years of running businesses on the side.

left wing nuts come out to the polls (and this forum) but they rarely bother to vote. my call: the silent majority will win by a landslide.

#69 Ralph Cramdown on 09.25.15 at 8:39 pm

So I was reading a broker’s report on oil production. It shows OPEC and non-OPEC countries’ production, month over month and year over year.

Who’s the only non-OPEC country to have increased production by over 10% year-over-year? WE ARE. OPEC as a whole is up about 5.9% YoY, and non-OPEC as a whole is up 3.6%.

Seeing this, I asked myself how much more production in Alberta is currently under construction and too far along to cancel or mothball.

Here’s an easy tool to see just the $billion+ projects planned or in progress (not all will be built, but…)
http://majorprojects.alberta.ca/#/?budgetmin=960&budgetmax=1000

Western Canadian Select is trading around US$30/bbl. Blaming the Saudis is foolish. As the former premier said, “look in the mirror.” We’re screwed like a VW dealer in Greece.

#70 BS on 09.25.15 at 8:39 pm

Money, we can print (or expand credit, it spends the same as cash). Business, we can start. Hell, even the government can do this, they’re called Crown corporations. Expertise, we can teach.

I think you are using the term “we” loosely. No doubt you have nothing to do with any of those things you seem to take credit for. The 1% are the ones who make those things happen. There are few of the 1% so if they leave your free ride is over.

#71 senta on 09.25.15 at 8:42 pm

Looks like Harper could not beat the Con out of you. What will it take? You seem to forget that it was the Grits who bought us out of perpetual deficit land and it is the cons who who got us in again. You keep on harping on the TFSA as if it is answer to all our problems. I don’t give a crap about the TFSA. There are more important things than money. Not having a fascist as a PM is #1.

#72 Mister Obvious on 09.25.15 at 8:43 pm

#63 pathcontrolmonk

“Canada is beyond redemption. Hard to be sympathetic for a country that will likely re-elect the man they hate.”
————————————-

The Americans gave George Bush a second term and nobody liked him.

#73 Big Dipper on 09.25.15 at 8:44 pm

“The Dippers are starting to crater.”

In your dreams. Some slight reduction in Quebec-maybe.

And here’s the “beauty” of “first round the post”. Whether the riding is won by 89% or 51% by the NDP, that Quebec riding is theirs. Want prop rep know?

#74 Freedom First on 09.25.15 at 8:44 pm

Think big. Okay. I had to be self-supporting at the age of 17 simply through unfortunate circumstances beyond my control. In hindsight, it was the best gift I ever got I just went to work and studied hard. Did night school and worked too. Never had self pity, and I feel blessed.

From my perspective, never mind the Politics in Canada, many people are Masters of their own disasters. Time would be well spent in everyone doing an inventory of their own lives. I mean every area of their life. And even if you don’t know you are an idiot, look for someone in your life who you see as successful in your life, and ask them to be your mentor. This will really help you to see that you are not motivated to find/learn the knowledge needed to be successful in every area of your life. If you don’t care, that is ok, it’s your life. For myself, I prefer to enjoy my life, every day. And I do.

#75 BS on 09.25.15 at 8:45 pm

I just happen to be familiar with manufacturing environments in contemporary Canada, so I took a speculative guess.

You’d be surprised how many safety corners are cut for the sake of keeping costs down.

For example, every power plant, hospital and even most commercial office buildings are riddled with asbestos…

You have absolutely no clue what you are talking about.

Are you related to Mark?

#76 45north on 09.25.15 at 8:45 pm

Wisdom of Canuck: If buddy steps down over a small increase in taxes, someone else will take his place. Either as head of the company, or if he closes the company, as the start of a new one or expansion of one of the competitors.

there’s a lot of variables here. customers, plant, equipment, employees. Let’s look at it from another viewpoint: what kind of manufacturing company could almost certainly be replaced? In the same city, same province? Well what if they were making steel barriers for highways and its only customer was the Province of Alberta? I’d say in that case the company could be replaced.

#77 Smoking Man on 09.25.15 at 8:47 pm

#66 gut check on 09.25.15 at 8:36 pm
@ #3 Frank on 09.25.15 at 6:38 pm
You’re all assholes.

I’m sick of the “Tax the rich 1%, they’re robbing us blind” attitude.

I’m sick of the “We rich can’t suffer the injustice of another dime in taxes or we’ll leave and take our jobs with us” attitude.

You both talk in absolutes about a world with a million shades of grey. I can’t wait for this election to be over.

*********************

thank you
me too
…….

Me 3

So many stories, not enough story tellers.

Just team supporters..

Not everyone can be an artist…. What a shame.

#78 For those about to flop... on 09.25.15 at 8:47 pm

Garth had his poll, I would like to know if anyone out there thinks that a provincial election is more important than a national one.
Thanks for your time in advance.

#79 Rebecca on 09.25.15 at 8:50 pm

There are no broader “lessons” of any kind to be drawn from your non-scientific poll.

#80 Washed Up Lawyer on 09.25.15 at 8:50 pm

I have toured many oil sands operations over the last couple of years up here in Athabaska. Today I toured a landfill and wastewater treatment plant.

We humans produce far too much waste. Won’t end well.

Fridays can be a double header. Garth’s blog and Stars and Dogs in the Grope and Flail. I find them both comical and informative.

Can hardly wait for the Stars and Dogs comment on “Das Crime”. Had a 1973 Karmen Ghia. Nearly got my silk tie caught in the spinning belts in the engine while investigating a strange noise from the engine compartment. Now that would have been a Darwin Award Lifetime Achievement. Neat headline: “Calgary Lawyer Strangled By Tie Caught In Engine Belt – German Auto Manufacturer Says He Was A Dumkofpt” (Sp?)

#81 Freedom First on 09.25.15 at 8:51 pm

#3 Frank

You lost me at you’re all asshole$. FU

#82 BS on 09.25.15 at 8:54 pm

Asbestos-caused illness is by far the greatest single cause of workplace-related death in Canada. And yet, we aren’t in a rush to remove it

Asbestos caused illness is not caused from simply having asbestos in building materials. It is caused from handling and disturbing it. You know, like what happens when you remove it from buildings.

#83 Hicksville Alberta on 09.25.15 at 8:57 pm

Thanks Garth for the great exercise in ” democracy ” over the past two days. Great to see the results and the wailing and gnashing of teeth all over the place.

I had about crossed over from the Conservatives to be willing to vote for the NDP but it wouldn’t matter in this Riding because it is a lay down for the Conservatives anyway.

However i find none of the parties at all palatable so won’t vote at all.

Hard to believe in a country of about 35 million that even with the right to vote there is not a viable option for some to choose.

#84 Smoking Man on 09.25.15 at 8:57 pm

#68 LH on 09.25.15 at 8:36 pm
when I was young I had my commie phase just like smoking man. check the old library check-out sheets at 371 Bloor and you’ll see my name on the communist manifesto. multiple times for that matter.

4 years of schooling in the US and 9 years of work (rates trading) have set me straight. Oh, and 15 odd years of running businesses on the side.

left wing nuts come out to the polls (and this forum) but they rarely bother to vote. my call: the silent majority will win by a landslide.

…….

Go easy on em..

Teach them how to fish…. I’ve been trying..

#85 Karl hungus on 09.25.15 at 8:59 pm

Probably a sales tax? No chance

#86 John in Mtl on 09.25.15 at 9:03 pm


#14 Linda on 09.25.15 at 7:06 pm
…”We must take down this system, overcome all the   vested interests of the ultra 1%, one way or another. It   must start peacefully.”

Unless the peoples start taking a really active role in democracy and the direction of society, it ain’t gonna happen. Period. We have lost our way, hypnotized by our technofantasies and the religion of progress – and I say this as someone who has spent his entire life in hi-tech.


“Otherwise these excesses of privileges for the few will   destroy us all.”

Already happening. It’ll take a revolution to reverse.

#87 Herf on 09.25.15 at 9:04 pm

#38 Linda

“If the NDP do propose & implement a sales tax in Alberta there will be a LOT of screaming.”

#50 Big Dipper

“Hopefully Rachel has more balls than Prentice and announces a 5% sales tax in the October budget.”

She’s probably got a sales tax in the pipeline (“surprise suckers . . . errr voters”). How else is she going to pay for giving the Alberta snivel service a new 7.25% pay hike yesterday, and sending some of her MLA’s that are barely out of high school on a tax-payer paid boondoggle to Boston to attend a conference about government crap that has no relevance to Alberta):

http://www.therebel.media/ndpigs

http://edmontonjournal.com/news/politics/legislative-officers-receive-7-25-per-cent-raise

http://news.nationalpost.com/full-comment/alberta-wages-fall-but-legislature-workers-get-7-25-more-and-other-reasons-to-fear-for-humanity

http://www.calgarysun.com/2015/09/25/notley-ndp-looking-like-toryland-greenlighting-725-bigwig-raises-and-ethics-getaways-in-face-of-budget-woes

http://www.wildrose.ca/ndp_gives_7_25_raise_to_officials_vote_themselves_a_junket_to_boston

http://www.cbc.ca/news/canada/edmonton/wildrose-slams-salary-boost-junket-patronage-appointment-by-ndp-1.3242739

“NDPigs”. Love it!

#88 Ret on 09.25.15 at 9:04 pm

#22 “So ur saying a tax increase would make taking calls from bereaved mothers of people that died in your plant just not worth it anymore.”

I don’t think that is at all what was implied but nice attempt to spin it into something else.

#89 Leo Trollstoy on 09.25.15 at 9:06 pm

Garth makes an interesting observation.

The Libs and NDP are splitting the voter base, leaving the top job all for Harper and the PC

#90 Llewelyn on 09.25.15 at 9:06 pm

Referring to the NDP as iconoclastic is more of a complement than a criticism.

The clear message from the Pope was that any ideology that places profits ahead of people is flawed and requires change.

Stephen Harper has made it very clear that change is not in the cards under a Conservative government and that the rich will continue to get richer.

Of course the rich, or those that would like to become rich, support the status quo.

I would guess that all the ‘leftist howlers’ you poke fun at might be howling for the same changes as the Pope.

If concern for future generations is iconoclastic bring it on!!

#91 Frank on 09.25.15 at 9:07 pm

You lost me at you’re all asshole$. FU

I’m sorry. Hug it out?

#92 John in Mtl on 09.25.15 at 9:10 pm

The poll idea was great INFOTAINMENT. Never take polls seriously.

#93 Wisdom of the Canuck on 09.25.15 at 9:10 pm

#82 BS: “Asbestos caused illness is not caused from simply having asbestos in building materials. It is caused from handling and disturbing it. You know, like what happens when you remove it from buildings.”

Professional asbestos removal (in situations where it is possible to remove it) is reasonably safe for the workers and leads to full decontamination.

I know someone living in a fancy apartment who received a notice this year from property management advising him to not disturb the cement due to asbestos content. Yea, back in the day they used to mix this stuff in with everything, even concrete. Can’t even drill a hole to put up a shelf without risking it.

Another common everyday example: I drove by the 401 near the 404 in Toronto a while ago, and saw a sign next to the workers expanding the highway “Danger due to: asbestos”.

So yea, in a residential context, as a homeowner, as long as you’re not renovating you should mostly be fine. In an industrial setting, when we’re talking about maintenance and upgrades, everything gets disturbed, all the time. What, you think pipe insulation lasts forever? You think noone ever drills a hole, you think adhesives don’t fail with time, you think concrete doesn’t deteriorate? Go look at our highways in downtown Toronto, take a look from below and to the side, you can see the rebar rusting through the concrete that is crumbling away. Disturbed, indeed.

If you have a different experience, by all means do tell. But don’t get all pissy at me because you don’t like my overall message. I was showing Garth the prime example of how worker health and safety isn’t exactly high on the optional expenses list.

If you feel like educating yourself a bit on the topic, and don’t mind killing the mood this evening, click the link.

http://www.theglobeandmail.com/report-on-business/no-safe-use-as-the-top-workplace-killer-asbestos-leaves-a-deadly-legacy/article19151351/

#94 still waiting on 09.25.15 at 9:21 pm

Rob Carrick of the Globe says people better start abandoning the 20 per cent down payment or they’ll never get int o T.O. Housing market. He’s got it right. The Toronto market ain’t coming down. I’m wondering if you bloggers have been able ti find that $750000 jwewlbin Rosedale? Didn’t think so. And it’ll never happen. For seven fifty it’s Dufferin and dupont if you’re lucky.

#95 Ret on 09.25.15 at 9:22 pm

#38 “And if the NDP do implement a sales tax, they are done like dinner – Albertans will kick them to the curb, never to be elected again in living memory.”

However, the sales tax will remain unless programs and spending are cut. Good luck with that!

#96 david cameron's pet pig on 09.25.15 at 9:27 pm

i cant believe you deleted my comment Garth
i admit it was tasteless
i was hoping for

david cameron’s pet pig
‘Deleted’

which is funnier than anything could have typed

#97 4 More Years! on 09.25.15 at 9:28 pm

“Well, that ends Democracy Week here.”

It most likely ends whats left of Democracy in Kanada,
So rejoice vote Canadian Alliance, 4 More years!

#98 Nosty, etc. on 09.25.15 at 9:29 pm

The pic (more specifically, the words “Mammoth Erection”) reminded me of a case only a few days ago, when two Brits (I think) were slightly inebriated.

One took am overdose of Viagara, and subsequently had an erection that lasted five days. Apparently, he survived.
*
Thanking y’all for your words of support. A special package to whom it may concern — The first known pic of the Flying Bullshit Batmobile!

And now,just in time for the election; New stuff on VW’s emission tests, and it appears to have little to do with emissions. “And immediately after, an American NGO just happened to discover that VW was cheating on their emissions numbers!” (wrh.com); Volcanic carbon tax (or tax the volcanoes); Censoring sites is the main reason I don’t use Google anymore (GoodGopher.com is better); So much for the TPP being dead.

#99 BS on 09.25.15 at 9:36 pm

The clear message from the Pope was that any ideology that places profits ahead of people is flawed and requires change.

Profits and peoples well being are not mutually exclusive. Companies that are not profitable do not exist long term. How does that help the people?

#100 NoName on 09.25.15 at 9:37 pm

#10 crossbordershopper
” come to barton and wellington in hamilton and i will show you poverty, sickness and unhappiness. ”

That would be funny if it weren’t sad. That cornet houses, hospital, city jail, subsidized housing building, and strip club is conveniently only one block away.

#101 Glen on 09.25.15 at 9:38 pm

Why do wealthier people consistently make the assumption that they became wealthy because of “hard work”.

A great number of folks work like hell in jobs which are incredibly important…for literally peanuts when measured against the skill/effort required.

How about Nurses for example? Absolutely crucial in the delivery of healthcare. They deal with sick and injured…often helpless people for a living. They deal with death and the families affected. They work shift work which is well established in the literature to negatively impact ones wellness.

They work extremely hard. They are smart, motivated and caring individuals. And they do all this for under 75,000K per year.

It bugs me when wealthier folks appear to make these wild leaps to assuming they got that way because they “worked hard” or “made smart choices”.

They then appear to make yet another wild leap from there to believing it’s unfair for them to pay higher taxes because afterall…”they earned it…through all that hard work”.

It’s classic arrogance in my opinion.

*I’m not a nurse by the way*

#102 IHCTD9 on 09.25.15 at 9:38 pm

#14 Linda on 09.25.15 at 7:06 pm

**Yet, the outgoing CEO of corrupt, lying Volkswagen will receive just that, 60 million (euros) on his way out.

Wow. But why?

Because he is part of the ultra 1% in a catastrophically corrupt world system of capitalist stupidity. A system that has strategically gutted the power of the state to regulate and oversee things over the last thirty years.
—————————————————————-

Please tell me you own VW stock or are a VW employee?

Because if you don’t and aren’t, what reason could you possibly have for opposing this guy’s (potential) big payout? It’s private money fulfilling what is undoubtedly stipulated in his contract…

You’d have a reason to bitch if the guy was being paid public cash, but he’s not.

If it makes you feel better, I’m sure VW will be exploiting every loophole to cut this guy’s severance.

#103 ANON on 09.25.15 at 9:38 pm

strange people who favour dogs and ridicule HGTV, they also like money

Of course we do like them :)
Money makes the world go round, they say. Not a fan of the song, buy rarely have truer words been said. Anyone ignoring money’s role in the turning of the world does so at their own peril.
And whomever does not accept the true nature of money, a mere promise, is probably cognitive dissonance’s prisoner, with few chances of escaping, or making the right choices.
Finally, back to babes and money, just in time to recover from a massive popcorn overdose.

#104 sideline sitter on 09.25.15 at 9:42 pm

For Arnie, dealing with an employee death is worth about $6,000…. If he doesn’t get it, then death is too inconvenient.

I’m not for more income tax, but the story is a bit much

#105 pathcontrolmonk on 09.25.15 at 9:42 pm

#72 Mister Obvious – Fortunately we only let presidents sit on the throne for 8 years.

With most Canadians boastfully proud of their obscene mortgages everyone is terrified of a rate hike, even more bleak economy, and diving oil prices. So they do what any subjugated plebe would, they pathetically cling to the hope that the person who brought them to their knees is the same person who will save them.

Harper could bite the heads off kittens in front of Peter Mansbridge and still get re-elected.

#106 Samsara on 09.25.15 at 9:47 pm

Garth, love your blog. I’m one of the 30-something lefties that doesn’t agree with your political ideas but enjoy reading them and value your perspective and insight. What I want to know is how you would fix our fiscal issues if raising taxes isn’t an option. Seems to me the alternative is to cut spending. I have a feeling most people don’t want cuts. In fact, people probably want more spending in certain areas (health, education, environment). This sure seems to be the general feeling here in Alberta. How would you reconcile meeting the government services Canadians value, while not running the economy into the ground.

#107 Russ on 09.25.15 at 9:50 pm

Let’s be frank.

Go to your window and open it. Put your face outside and scream,
“I’m mad as hell and I’m not going to take this anymore!”

It worked in the ’70s.
Okay, we don’t have steel belted radial anymore but WTH.

https://www.youtube.com/watch?v=rGIY5Vyj4YM

=============================

#3 Frank on 09.25.15 at 6:38 pm

You’re all assholes.

I’m sick of the “Tax the rich 1%, they’re robbing us blind” attitude.

I’m sick of the “We rich can’t suffer the injustice of another dime in taxes or we’ll leave and take our jobs with us” attitude.

#108 John on 09.25.15 at 9:50 pm

So when Janet Y finally raises rates and presumably our loonie dives, import prices climb and Alberta tanks further and further —- describe my neighbourhood. Doesn’t sound to happy to me.

#109 Smoking Man on 09.25.15 at 9:58 pm

#101 Glen on 09.25.15 at 9:38 pm
Why do wealthier people consistently make the assumption that they became wealthy because of “hard work”.

A great number of folks work like hell in jobs which are incredibly important…for literally peanuts when measured against the skill/effort required.

How about Nurses for example? Absolutely crucial in the delivery of healthcare. They deal with sick and injured…often helpless people for a living. They deal with death and the families affected. They work shift work which is well established in the literature to negatively impact ones wellness.

They work extremely hard. They are smart, motivated and caring individuals. And they do all this for under 75,000K per year.

It bugs me when wealthier folks appear to make these wild leaps to assuming they got that way because they “worked hard” or “made smart choices”.

They then appear to make yet another wild leap from there to believing it’s unfair for them to pay higher taxes because afterall…”they earned it…through all that hard work”.

It’s classic arrogance in my opinion.

*I’m not a nurse by the way*
…..

Occupations are a choice, the educated figure it out, the schooled, they change dippers in nursing homes.

What I love about my 97 year old father. His mind is completely gone, no distinguished version of English or Serbia when he talks, but he will only allow a hot young nurse to bath him..

That gene made it down stream…

Love you father…

#110 Dave on 09.25.15 at 9:59 pm

The NDP scares me. Anybody buy Mulcair

#111 Dave on 09.25.15 at 9:59 pm

but

#112 IHCTD9 on 09.25.15 at 10:01 pm

#22 Bby604 on 09.25.15 at 7:20 pm

So ur saying a tax increase would make taking calls from bereaved mothers of people that died in your plant just not worth it anymore. Why not just make your plant safe so people don’t get killed there?
—————————————-

Did you just learn to wipe?

Good grief, step into the real world…

#113 Lee bow on 09.25.15 at 10:04 pm

It ain’t over till it’s over.

Surprising that nobody rides the common sense wave. Worked for Rob F.

I hired a guy at some point who used to work in the parliament hill security at some point. He shared some amazing observations, about vanity and deception. Even about irritable bowel syndrom.

I’m by no means an insider but I can specuLate that all those guys they boil in the same pot for way too long. Go to the same bars, same hookers (as in US), sniff dope together (as in UK). If tomorrow something emerges about a pig head, I wouldn’t be surprised. Are they really any different?

Tomo

#114 Mama Bear on 09.25.15 at 10:07 pm

Who do you side with? http://canada.isidewith.com/political-quiz

#115 Ralph Cramdown on 09.25.15 at 10:19 pm

#102 IHCTD9 — “Please tell me you own VW stock or are a VW employee? Because if you don’t and aren’t, what reason could you possibly have for opposing this guy’s (potential) big payout?”

Breathing air, living on this planet, or owning shares in any other automaker or parts manufacturer: Margins will be going down industry wide because of this, likely for several years.

Here’s John Kenneth Galbraith:
“In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in – or more precisely not in – the country’s business and banks. This inventory – it should perhaps be called the bezzle – amounts at any moment to many millions of dollars. It also varies in size with the business cycle. In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly. In depression all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks.”

#116 Paul E Wannaquacker on 09.25.15 at 10:27 pm

Garth

I think you took a bit a of a risk with your poll. If the actual results are way different, the plebes will pile on you and your street-cred could take a hit. However social scientists might use any skewing of the results as a basis for a PHD thesis on how (not) to conduct web polls

What an idiot comment. People come here. They vote. I count. If the NDP or Libs won, you’d applaud the initiative. — Garth

#117 IHCTD9 on 09.25.15 at 10:29 pm

#23 Billy Bob on 09.25.15 at 7:22 pm

So you make $200k a year from your business (not including any equity value) and because your tax rises $7-14k you’re going to pull out? Sober up…
———————–

Keep in mind a guy in his position can, and likely will face more than one charge against him under the ohsa, and could be looking at a full blown criminal investigation depending on what happened.

He could end up being tossed in jail after all is said and done, and the whole thing start to finish was largely out of his control.

His take home might be 40-50 grand over what a firefighter or cop takes home, and if you break it down to dollars per hour, he probably is barely ahead at all. Then add in the benefits and pension a firefighter or cop gets, and he is probably behind them in total compensation. Not worth being charged and tossed in jail IMHO, I think his line of thinking is right on the money. Cops and firefighters don’t have to worry about jail time, or have near the responsibility Arnie does.

I hope he comes out of this alright, I kind of know what he is going through…

#118 NoOneOfConsequence on 09.25.15 at 10:30 pm

A bit of perspective:

In Canada….
Alcoholism kills 2000 every year.
Smoking related illness kills 20,000 or more each year.
Driving deaths, 2000 per year.
Lack of physical fitness costs this country billions of dollars annually in completely preventable illness.
The list goes on and on and on.

But yeah…let’s allocate billions dollars to prevent “terrorist activities”….which average 1.1 deaths per year.

Let’s eliminate the population’s freedom slowly to prevent 1.1 deaths per year.

Let’s eliminate healthy discourse and debate on the key issues that affect all Canadians by having Mr. Harper concentrate power in the PMO. Eliminate all those who won’t say yes, and bend the knee.

Give your head a shake Garth…the man is an obscenity and a disgrace upon democracy. The cons are not what they were – it’s all been ruined.

I weep for Canada, and opportunity squandered.

#119 Steve French on 09.25.15 at 10:33 pm

What do you gotta do to get a comment approved around this blog?!

I’m a long term GF contributor, I’ll have you know.

I’ve made many highly informed posts, that are now considered as classics.

If I’m being censored how does Smoking Man get through?

There’s a line. You crossed it. — Garth

#120 john on 09.25.15 at 10:35 pm

In a country where a political party supported by only 35% of the voters rules a country, is normally referred as dictatorship. The first think good dictators do when in power eliminate the threat to the throne from inside. Harper is the best of them, although Mulcair could be a good one too.

#121 TRT on 09.25.15 at 10:37 pm

The Election will be decided by the 45% of the voting age population who don’t vote.

The 45% vote for: ‘Who Cares!’

#122 Steven on 09.25.15 at 10:38 pm

Thanks for your Blog. I get a charge out of your comments. I wish you were running for Parliament in my constituency. I would do my best to support your efforts to win. Instead, we have a Harper Troll that will likely maintain his seat in parliament; although the Woman Liberal Candidate does have nice Hair!
Keep up the great work for Us Greater Fools.

#123 Boombust on 09.25.15 at 10:47 pm

Garth,

NONE of your “arguments” will sway me away from my vote for the NDP this time around.

This country needs a change. And I DO mean a change for the better.

#124 Alex Greene on 09.25.15 at 11:01 pm

“This is miles off the Chretien-Martin model of fiscal conservativism and social progress which, in fact, was the mantle of the old Progressive Conservatives.”

Oh yes, the Chretien-Martin model of 26% corporate tax rate (compared to current 15%) that has produced balanced budgets even during the worst economic downturns (eg, 2000 dot com burst) without even a blip of corporate exodus.

And all this rhetoric about “commies” and “socialists” while completely ignoring the border-line treasonous free trade agreement the cons have signed with Communist China that allows their government-owned corporations to challenge ANY of our laws and court decisions that cuts into their profits in secret tribunals?.. Has anyone considered a similar provision in the TPP?.. Eroding incomes and job opportunities due to TFWP and these new agreements, especially for young people?

#125 Chris B on 09.25.15 at 11:07 pm

Meh. Garth, you’re a skilled, funny writer with a great grasp of many topics, but your ceaseless bashing of anybody who is not firmly on the far right side of the political spectrum is dispiriting. I’ve read you for years, but I’ve been disappointed in your support for the ugly, “me first,” mean-spirited Harper clan. I won’t read you as much, and I certainly won’t recommend you to others anymore.

Nowhere have I said I support any party. But I unabashedly support fiscal responsibility. — Garth

#126 Rookie57 on 09.25.15 at 11:12 pm

I believe Arnie’s point is that no amount of money helps when dealing with a death that happens under your watch. Sounds like a regular guy who succeeded and feels responsible as President of the company. Devastation indeed.

My take on it.

#127 DTMGO on 09.25.15 at 11:15 pm

Garth, you seem to underestimate the common sense of people.

After almost a decade of record high oil prices, in 2015, the progressive conservative government in Alberta wanted to raise taxes as oil prices fell, as the province fell into deficit in less than a year. All the money, squandered, wasted, privatized? No savings? We the citizens of Alberta have to keep the economy going? This was ridiculous and that is why Alberta punted the conservatives OUT.

http://www.cbc.ca/news/canada/calgary/corporate-tax-increase-off-the-table-says-alberta-premier-jim-prentice-1.2981429

And yes they wanted to increase taxes to almost everyone, EXCEPT corporations. “Poor” corporations, they just had almost 10 years of record high energy prices, our royalties are lower than in Texas, and our corporate tax rate is only 27% average while in USA it is 40%. That is without accounting for tax evasion, which multinationals are famous for. It was mentioned in the debate that billions are missing to the Canadian treasury.

This is not about left or right, this is just common sense.
Anyone needs money, not just rich people. Everyone cares about making a living. And many people that are poor watch the lifestyles and mindsets of the more fortunate ones, a lot is revealed in the internet. How many people want to make money without working, just speculating in the financial markets.

ps. In the last decade, no refineries built in Canada to take advantage of the obvious inevitable fall in oil price that would come sooner or later. We are like a colony to the USA, paying dearly for gasoline, while oil price fell half, we pay the same price. This is the sheeple.

#128 Smoking Man on 09.25.15 at 11:19 pm

#119 Steve French on 09.25.15 at 10:33 pm
What do you gotta do to get a comment approved around this blog?!

I’m a long term GF contributor, I’ll have you know.

I’ve made many highly informed posts, that are now considered as classics.

If I’m being censored how does Smoking Man get through?

There’s a line. You crossed it. — Garth

….
Stay a way from Jack Daniels.
Wine only, perhaps some smoke.

Makes you a bit more likeable.

#129 Garth Cracknell on 09.25.15 at 11:21 pm

Garth, Why do you think Trudeau is trying to be an alternative to Mulcair instead of an alternative to Harper? Perhaps he will change some of his policies because liberals can do that if the wind blows from another direction and he will try and ride Harpers coattails to become more relevant?

#130 Pete on 09.25.15 at 11:24 pm

#30
You got it buddy! This is the last possible chance for the salvation of Canada from the neo-cons. The world is in for a big shake-up, both financially and politically. If you want Canada to emerge from the wreckage as the Canada you grew up in and loved you had better vote out Harper and his cronies and repeal C-51. People ought to think long and hard about that. Don’t vote for your wallet, vote for your country and what you want it to stand for. Your money won’t buy you out of the mess we’re headed for.

#131 Nagraj on 09.25.15 at 11:25 pm

#80 WASHED UP LAWYER
The most cinematically dramatic death via vehicular strangulation I know of happens to Vanessa Redgrave playing Isadora Duncan whose long green silk scarf gets caught in the wheelspokes of a Bugati. YOU at least would have had some notice of impending death via silk tie & Volkswagen, but Isadora was instantly dispatched.

– a most moving scene –

Further to your post: the word is Dummkopf. Which is what the tieless Harper looked like during that French debate. He was wearing a stupid checkered shirt open at the neck. I naturally assumed that that was to send an “I’m hot!” message, but perhaps the tielessness was a security matter.

(Levity in this blog is of late gittin scarcer than hen’s teeth.) (Anybody know any good Harpo jokes?)

#132 Freedom First on 09.25.15 at 11:25 pm

I always forgive and forget. I live my life out of control.

#133 nonplused on 09.25.15 at 11:35 pm

This is in response to some of the VW comments and perhaps slightly off topic (although it comes around a bit in the end).

All modern turbo charged engines, gas or diesel (with diesel being worse) can create the environment for the production of NOX. All of those engines are also controlled by similar computers and software. There are no modern turbo charged engines that are not capable of meeting emissions standards under test conditions and then completely ignoring them under road conditions. If VW did it, you can bet everyone else did too. Heck they probably didn’t even come up with the idea.

I’d like to see what would happen if they hooked the same test equipment up to a Ford Eco-Boost twin turbo. They have to be doing something pretty special to get that little V-6 to crank out that kind of horsepower and torque, none of which is needed on the bench test of course.

Also why is it still legal to “chip” your big diesel truck to “burn coal”. I realize this is cool only to the “lift kit” crowd but come on! One of these trucks chipped to “burn coal” is making way more smoke than 100’s of Passots and they aren’t worried about that.

And it’s not like VW killed anyone like GM did with their faulty ignitions switches.

This is just simply a new form of political protectionism. Or perhaps something worse, like political blackmail.

#134 Ponzius Pilatus on 09.25.15 at 11:36 pm

After reading the comments thus far, I have a suggestion:
Conduct another poll with a simple question:
“What is your I.Q.”
I predict the average will be 55
The same number % that would vote for Harper again.

#135 Ponzius Pilatus on 09.25.15 at 11:41 pm

I propose that Smoking Man be restricted to 2 comments per post.
This will help him to focus his message, rather than brattle on forever .
Experts tell us that dilistics need strict guidance.

#136 Ponzius Pilatus on 09.25.15 at 11:47 pm

Nowhere have I said I support any party. But I unabashedly support fiscal responsibility. — Garth
————-
Mr. Turner, I too unabashedly support fiscal responsibility.
Just not sure why the cons are the chosen ones.
Care to elaborate?
Thanks.

#137 nonplused on 09.25.15 at 11:48 pm

Oh and I forgot to mention where most of the diesel goes, tractor trailers, construction and mining equipment, trains, and shipping. And a similar product (though much cleaner) jet fuel. Where’s the NOX testing on these? Most of them don’t even have pollution controls.

The world has gone stark raving mad. I mean, maybe it always was, but at least in the past you didn’t really hear about what some crazy guy was doing in the US.

#138 DTMGO on 09.25.15 at 11:52 pm

Even worse, Canada’s only new refinery since the 1980s is under construction.

http://www.theglobeandmail.com/news/alberta/oil-patch-faces-a-refining-moment/article25965077/

but why would people here care about high gasoline or heating prices, they are rich anyway. For them, keep government small, taxes low, and keep them rich, even it is means the rest can go deep into debt to get by.

#139 NEVER GIVE UP on 09.26.15 at 12:00 am

WOW, Breathtaking stupidity on the part of the justice system.
If you like twisted and warped, then this is for you!

http://abcnews.go.com/US/controversial-felony-murder-case-elkhart-teens-sentenced-50/story?id=24710849

#140 Love my Kia on 09.26.15 at 12:11 am

Garth, I think your biggest legacy is for your digital democracy attempts, that in itself commands RESPECT from me. The TFSA as nice as it is as an investment tool I don’t find as important, albeit a great idea.

You really put your neck out on the line for the digital democracy movement, an innovative idea ahead of its time and unfortunately you got crucified for it. You are one of the few cons I care to take time out of my day to read up on. You are honest, yet offensive at the same time, entertaining and enraging, and never boring. Think of how long it took for Nicola Tesla to get recognition and respect for his efforts, many decades after his death finally reason starts to set in with the populous. It may be the same situation for you but I hope not, herds are slow to adjust to a new direction history seems to show.

This lefty doomer gold bug nutbar and a lot of her cohorts here on this blog must feel the same way about you, why else would so many of us keep chiming in and wasting our valuable time reading you? I will stop short of offering you a marriage proposal however.

Keep up the great work!

#141 comrade on 09.26.15 at 12:37 am

Huh! Have you thought of how your problem of having extra 7 to 14k per year looks in the eyes of the very same mother you mentioned. So that bit of change makes so much difference so you can deal with death of your employees.
I haven’t seen such a selfish post in a long time. Maybe you should send your little sad story to Syrian refugees so they can feel better about their day.

#142 Bob Santarossa: Coalition Gov't? on 09.26.15 at 1:01 am

Before all the Cons here congratulate themselves, the polls still show a minority government (toss a coin as to whom that will be) and Mulcair saying he will not support the Cons in that event – well, so he says.

That leaves Mr. Trudeau as the king maker.

If the polls are correct, what we will end up with in fiscal and social policy is anyone’s guess.

If a minority, expect consensus government – a good thing.

#143 Parsonage on 09.26.15 at 1:01 am

22 Bby604 on 09.25.15 at 7:20 pm

Why not just make your plant safe so people don’t get killed there?
_________________________________

?????
‘Innocent until proven guilty’

An apology to Arnie would be appropriate.

#144 mousy on 09.26.15 at 1:09 am

The picture reminded me of my first year law school moot question, namely was a parking lot an erection under the municipal act. You just can’t make this stuff up.

#145 DTMGO on 09.26.15 at 1:38 am

NDP only party that wants refineries in Canada. Canada’s only new refinery since the 1980s is under construction

http://www.theglobeandmail.com/news/alberta/oil-patch-faces-a-refining-moment/article25965077/

#146 Think big | Realties.ca on 09.26.15 at 1:38 am

[…] Source: http://www.greaterfool.ca/2015/09/25/think-big/ […]

#147 OXI in GREECE !! on 09.26.15 at 1:39 am

#3 Frank on 09.25.15 at 6:38 pm
You’re all assholes.

I’m sick of the “Tax the rich 1%, they’re robbing us blind” attitude.

I’m sick of the “We rich can’t suffer the injustice of another dime in taxes or we’ll leave and take our jobs with us” attitude.

You both talk in absolutes about a world with a million shades of grey. I can’t wait for this election to be over.
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

Your right. If we had Germany's model – HALF as many public sector workers as Canada – both sides would be happy. Low income taxes, low corporate taxes and lots of dough left over for FREE Post Secondary and FREE healthcare (healthcare is not free in Canada and everyone knows it) from not having to pay govt workers to retire in Mexico at 55 years old $60,000 a year till they die

#148 OXI in GREECE !! on 09.26.15 at 1:45 am

#118 NoOneOfConsequence on 09.25.15 at 10:30 pm
A bit of perspective:

In Canada….
Alcoholism kills 2000 every year.
Smoking related illness kills 20,000 or more each year.
Driving deaths, 2000 per year.
Lack of physical fitness costs this country billions of dollars annually in completely preventable illness.
The list goes on and on and on.

But yeah…let’s allocate billions dollars to prevent “terrorist activities”….which average 1.1 deaths per year.
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

A bit of reality….

Steven Harper and his "buddies" in the corporate defense industries where they make "DEATH" products to fight the "terrorist behind every rock" is the reason that so much money is spent there. It's crony capitalism at its worst.

All this talk about the F-35 and the aerospace industry. What a load of bunk. It is a burden to the TAXPAYER and only helps shareholders of these DEATH companies like Lockheed Martin and General Dynamics because TAXES pay for the F-35 and other DEATH instruments….not private capital.

#149 Entrepreneur on 09.26.15 at 1:46 am

Provincial and federal elections are all important. One learns which party is better than the other by experience. Age helps. Read about politics to get informed and listen to what they say or not say. A step in the right direction is to vote, if you don’t, then the worse leader might get in.

You do not have to be very old to experience the wrong-doing of the Conservatives in the last decade. Too many Bills to muzzle us. Ignore the sweet candies and start protecting Canada.

Jean Chretien of the Liberals said that he would eliminate the GST when he ran for PM but soon after he was voted in he said it was too hard to eliminate. Paul Martin in his shipping business hired Canadians up to the international line then hired cheaper labour from other countries. Some would say that is business but does not look good to be in Canadian politics. BC (British Columbia) has provincial Liberals, well, they say jobs, training, etc. but that is about it, all talk. Oh, and they like to send projects out of BC, even out of Canada. Our mouths open, jaw and head drop, then we shake our heads in disbelief.

Voted the Green Party three times but my vote did not count. Elizabeth May, I feel, is an environmentalist in the right direction. I believe she said that the big corporations should hire more Canadian workers or something to that tune. Correct me if I am wrong.

I have had experience with the NDP in BC and they made mistakes but they were not as bad as the Liberals now. The NDP are more concerned of Canadian jobs and the environment. I, and many others, will be voting NDP.

Resources belong to the people and should be respected to them. Politicians will either tax or cut spending. Election time, the politicians are handing out candy, vote for me. Candy to look at but those are sweet words and that is all. Once elected they can change their tune on a time & do what they really want to do, my experience.

#150 Freedom First on 09.26.15 at 1:55 am

Well, seeing as nobody said anything about it, I will.

Think big. Company sign on the truck-H ilarious.

#151 saskatoon on 09.26.15 at 1:58 am

#90 Llewelyn

“The clear message from the Pope was that any ideology that places profits ahead of people is flawed and requires change.”

– Vatican City itself has a rich economy relative to its size. Though data is scarce, and the exact GDP figure is unknown, the CIA estimates Vatican City’s 2011 revenue to be $308m. It only has a population of 800 people, meaning its nominal GDP per capita is $365,796 – making it the richest state on the planet by this measure. –

#152 Real estate blues on 09.26.15 at 2:08 am

It sickens me how real estate in the west is at loonie inflated rates easily subtract 100 grand from any one of the homes and it would be more realistic. Washington 20 acres 20 – 35 thousand Canada a lot over 100 thousand its simply insane. I have to move to Atlantic Canada if I want to be a home owner how crazy is that? Can’t even buy a piece of land within some close proximity to civilization in the west I am so fed up with the stupidity I can’t even afford to live in the province I call home! My small business is dead with cash laws and I was a b2b but it’s too risky now and gas is over 1.20 in the okanagan ughhhhh!

#153 saskatoon on 09.26.15 at 2:11 am

#122 Boombust

“NONE of your “arguments” will sway me away from my vote for the NDP this time around.”

this just about sums up the bootlicker mindset, don’t it?

logic need not apply.
argumentation is unnecessary.
reality is inconsequential.
emotional reactivity.

those without rationality are the most easily manipulated; the most dangerous of people.

#154 #noheadsackingincanada on 09.26.15 at 2:30 am

Hillary #61

“As for a piece of cloth (niquab) being made into an election issue–holy smokes”

Dear Hilly….let me come over to your house and force you to stick a sack over your head because of your sex…..then murder our daughters for having visited a boy on FB…..force indignities on you every day..and all the other thousand ugly things that middle eastern influenced women have heaped upon them every day of their lives by the most oppressive sickening psycho dictates the human race has ever invented…..and then tell me you don’t get it why ‘the piece of cloth’ has to be an election issue before Sharia Law is thought of as mainstream by those like yourself who don’t understand that it is a form of terror that we will never condone. Bravo to the 93% of Canadians who do ‘get it’.

#155 Michael on 09.26.15 at 3:20 am

Great reading this week; as always very informative with some excellent wit included…though I often wonder if the people in the bowels of this comment section do pick up on that wit!?

Question for you Garth, do you think a minority government this time around might be a good thing for the country and a wake up for the conservatives? Or would it just grind the political process to a halt?

#156 Leo Trollstoy on 09.26.15 at 3:44 am

I’m starting to get the impression that Justin Trudeau is a clueless simpleton.

https://ca.news.yahoo.com/blogs/canada-politics/trudeaus-comments-on-violence-against-women-201804415.html

And from the heart out…

#157 Leo Trollstoy on 09.26.15 at 3:46 am

The clear message from the Pope was that any ideology that places profits ahead of people is flawed and requires change.

You mean like the Catholic Church?

rekt

#158 Johnny d on 09.26.15 at 4:18 am

If anybody but the green party win, I’m leaving Canada.

#159 johnsaccy on 09.26.15 at 6:10 am

Meh. Garth, you’re a skilled, funny writer with a great grasp of many topics, but your ceaseless bashing of anybody who is not firmly on the far right side of the political spectrum is dispiriting. I’ve read you for years, but I’ve been disappointed in your support for the ugly, “me first,” mean-spirited Harper clan. I won’t read you as much, and I certainly won’t recommend you to others anymore.

Nowhere have I said I support any party. But I unabashedly support fiscal responsibility. — Garth

With Harper’s record on so called fiscal responsibility, with hundreds of billions of added debt over the past few years cjohnsaccyonservatives are no fiscal conservatives

#160 Tacocat on 09.26.15 at 7:37 am

Have not read the comments… yet so may be off topic. When trudeau (his last name does not deserve a capital letter) said that a tfsa was for rich people it was obvious he is out of touch with the average canuck.

#161 Tacocat on 09.26.15 at 7:50 am

#144
It wasn’t the ndp that brought us the NWR it was the cons. The two projects that will keep me alive(for work, I am no debt slave) are Redwater and Fort hills up north. I currently work on a project across the highway from the new refinery and its going to be a three year job just judging by the footprint.

#162 NoName on 09.26.15 at 8:05 am

#146 OXI in GREECE !!
“Your right. If we had Germany’s model – HALF as many public sector workers as Canada – both sides would be happy. Low income taxes, low corporate taxes and lots of dough left over for FREE Post Secondary and FREE healthcare…”

I wish that we can be more like Germany but not because of taxes, they pay a more tax there than we here.

————corp tax—personal tax–vat/hst—health*ins
Germany 29.6 14-45 7-19 15
Canada 26-31 0-50* 5-15 (ont)900$

paid holydays
Germany 29-33
Canada 10+10* or 4%
(*in On employer can deny you vac for up to 2 yrs)

One thing about Germany drinking in public is acceptable, you name it parks, ubahn , sidewalks… Berlin is bit funny when it come walking with becks in you hand, but generally is ok how long you are happy drunk.

#163 Ret on 09.26.15 at 8:16 am

People love their VW cars even though reliability is not quite up to some other car makers. VW’s are perceived as less expensive, well thought out and trimmed German cars.

I see more of them on the road than ever. There were no defects in their cars, but they had gamed the EPA. They are the first or second largest carmaker in the world in a yearly sales battle with Toyota. (Remember them? They had some “issues” too.)

In a few months, their stock will be higher than it is now. VW is not going into a black hole. This is a BP oil spill moment for VW stock. Buy low, sell high!

http://www.msn.com/en-ca/money/stockdetails/fi-182.1.VW.SWX?ocid=INSFIST10

#164 salonist on 09.26.15 at 8:27 am

follow the pc tracking line September 26, 2015

http://www.ctvnews.ca/politics/election/nanos-polls

#165 Ralph Cramdown on 09.26.15 at 8:38 am

#132 nonplused — “If VW did it, you can bet everyone else did too. Heck they probably didn’t even come up with the idea.”

If you discover a competitor criminally cheating in a way that would risk bankruptcy and massive loss of reputation and market share if public, do you a) ape them, or b) anonymously leak the info to government and the press.

“And it’s not like VW killed anyone like GM did with their faulty ignitions switches.”

Of course they did. We’ll just never know exactly who and how many. Apropos, I just watched a documentary about the Great Smog in London in 1952. Thousands dead in a few days.

http://oilindependents.org/wp-content/uploads/2013/01/Distillate-Fuel-Oil-End-Use-in-US-1-30-13.jpg
And yes, heavy on-road diesels are regulated for NOx. Standards were tightened significantly in each of 1990, 1998, 2004, 2007 and 2015, but for new engines only.
See table 1: https://www.dieselnet.com/standards/us/hd.php
The EPA says that “Aircraft engines contribute about 1 percent of the total U.S. mobile source NOx emissions.”

#166 glen on 09.26.15 at 9:05 am

#109 Smoking man

Well yes it’s a choice to become a nurse. That’s the entire point.

Some people opt out of the “wealth at all cost” life choice. Some people see more value in time with family, raising children who will be the future of this country…or simply doing good for others.

Unlike many on this board (and I think Garth included), I disagree that only those that “work hard” or “think smart” deserve reward.

The line of thinking I am seeing Garth advocate for essentially amounts to “trickle down economics” which has consistently been evaluated as a failed economic strategy.

It takes all kinds of great people to create a great economy. Hand outs and tax initiatives for the wealthy has never been demonstrated to trickle down to better wages and job creation. By and large the wealthy take the money and run. They buy bigger hourse with 8 bathrooms for 4 people. They don’t distribute it downward.

So my point is, if you’ve made the choice to build wealth, then you should expect to pay a bit more. This is not some sort of “indictment” on the “hard work” you have done. It’s just doing the right thing by paying back a small percentage of the financial rewards the system afforded you.

#167 Conservative = lots of money for corporations on 09.26.15 at 9:32 am

OXI in GREECE !! on 09.26.15 at 1:45 am
#118 NoOneOfConsequence on 09.25.15 at 10:30 pm
A bit of perspective:

In Canada….
Alcoholism kills 2000 every year.
Smoking related illness kills 20,000 or more each year.
Driving deaths, 2000 per year.
Lack of physical fitness costs this country billions of dollars annually in completely preventable illness.
The list goes on and on and on.

But yeah…let’s allocate billions dollars to prevent “terrorist activities”….which average 1.1 deaths per year.
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

A bit of reality….

Steven Harper and his "buddies" in the corporate defense industries where they make "DEATH" products to fight the "terrorist behind every rock" is the reason that so much money is spent there. It's crony capitalism at its worst.

All this talk about the F-35 and the aerospace industry. What a load of bunk. It is a burden to the TAXPAYER and only helps shareholders of these DEATH companies like Lockheed Martin and General Dynamics because TAXES pay for the F-35 and other DEATH instruments….not private capital.
____________________________________________

The CONs don't care about Canada or Canadians . CONs ONLY concern is how they can transfer as much taxpayer money to corporations without the supporters from figuring this simply fact out. With CONs there is LOTS and LOTS of money for corporations like the ones who will build and profit from the F-35 . CONs have lots of money to give to corporation/bankers but NO MONEY for Canadians due to deficits . Deficits are no issues when it comes to giving corporations money. If you cant figure that out you are a puppet of propaganda. Deep pocket investors like garth benefit from investing in said companies. If you are Rich then voting CONs is a smart choice. If you are a working loser making an hourly wage YOU ARE POOR. I am a working loser thus not voting CONs.

#168 JacqueShellacque on 09.26.15 at 9:34 am

It’s actually worse than this, Garth:

“The NDP is a dogmatic, iconoclastic, populist movement with broad support from those who feel on the margins.”

It’s not the margins, and it’s not populism. 30% of the population of the the most prosperous, safest, politically stable nation in human history believe that the economic, sociocultural, and historical foundations of that nation are illegitimate. This isn’t iconoclasm – it’s self-effacing delusion. The true “margins” don’t support anyone, because what makes them marginal by definition is that they don’t participate. What the NDP really want is revolution – change of everything (except the “environment”), for everyone, at any price, without any consideration for the past. In the old days, they called that revolution. And those never turned out well. It won’t be violent here, but our way of life is under the same sort of threat.

#169 JacqueShellacque on 09.26.15 at 9:47 am

#165

“paying back a small percentage of the financial rewards the system afforded you”

Earning wealth isn’t gaming the system. Economic activity isn’t a zero-sum game. The entire sociocultural and economic development of the Western world is based on those 2 points. Screeds against wealthy strawmen and their 8 bathrooms won’t do a thing to help anyone.

#170 Nora Lenderby on 09.26.15 at 9:47 am

#153 #noheadsackingincanada on 09.26.15 at 2:30 am
….let me come over to your house and force you to stick a sack over your head because of your sex…..then murder our daughters for having visited a boy on FB…..force indignities on you every day…

Do you, Mr. noheadatall, actually hate women? It sounds like it. Sad. It also sounds like you are getting needlessly excited by the prospect of being in a position of power over a woman. I hope you’re a troll otherwise I feel sorry for your life.

You can help yourself, if you want. Or you can remain in your sad, choleric frothy state of humiliation and rage.

Let’s talk about murdered women, and honour killings shall we? Voilence by men on women. Let’s start with Canadian women. How are we going to stop the epidemic?

#171 Ralph Cramdown on 09.26.15 at 9:54 am

#165 glen — “By and large the wealthy take the money and run. They buy bigger hourse with 8 bathrooms for 4 people. They don’t distribute it downward.”

They don’t clean their own bathrooms. It trickles down.

#172 crowdedelevatorfartz on 09.26.15 at 9:57 am

@#80 Washed Up Lawyer
Darwin Award nominee….. hilarious.

#173 Matt on 09.26.15 at 10:02 am

Garth I love your blog and want to thank you for all the advice you give but I let out a soft groan anytime you, or anybody, say that increasing the corporate tax rate to 12 per cent from 10 per cent is a 20 per cent hike. That’s the type of thinking that got Jimbo thrown out of office.

If you were paying the tax it would require 20% more cash. Is that better? — Garth

#174 JacqueShellacque on 09.26.15 at 10:04 am

“They don’t clean their own bathrooms. It trickles down.”

Gross. Imagine the smell.

#175 crowdedelevatorfartz on 09.26.15 at 10:14 am

@#130 Nagraj
“Anyone know any good Harpo jokes?”
+++++++++++++++++++++++++++++++++++

The conservatives have balanced the budget over the last 6 years…

#176 Ralph Cramdown on 09.26.15 at 10:16 am

#162 Ret — “In a few months, their stock will be higher than it is now. VW is not going into a black hole. This is a BP oil spill moment for VW stock.”

Well, differences of opinion make a market. BP only had to fight two large lawsuits: With the US government, and affected businesses. VW will be dealing with a number of government regulators worldwide, current owners, perhaps former owners, and dealers worldwide. 25% of their US and Canadian inventory is sitting on dealer lots, unsellable and depreciating as the financing costs continue.

They are in a highly competitive, low margin industry whose customers are very brand conscious (except Toyota buyers). I see bankruptcy as a not insignificant possibility (10% or more?). As such, price the shares like an option on profitability returning in a few years.

N.B. Brand loyalty is key in the business. I thought they had it, but studies show that I appear to have been wrong. They may have (had) a loud crowd of loyal customers, but it was small. Young people are key, as you sell them a low margin econobox but they return for a higher margin product later. What kind of young hooligan now wants to sport a great big VW badge on the possession that says the most about him? What kind of parent will buy it for him?

http://blog.seagate.com/wp-content/uploads/2012/05/Beastie_Boys.jpg

#177 JacqueShellacque on 09.26.15 at 10:18 am

1%ers are there for a reason.

I work in a technical field. I’m good at what I do. Not great, just good. The difference in productivity and value between me and someone who is great at the job is immense – I’d say almost twice what I earn. But my “great” colleagues don’t earn twice what I earn.

The difference in the amount of responsibility between someone like myself whose work hours aren’t unlimited and who doesn’t have to be on call to fix someone else’s problems or deal with something until it’s been fixed no matter how long it takes is also enormous. Again, I’d say twice my salary. And again, those who actually do this don’t earn twice what I earn.

Not everyone is made to succeed equally well under a given set of circumstances. Collectivism only works in small areas with homogenous populations. Otherwise, there have always been and will always be people who are better, and do better.

So cut the 1%er some slack. He or she is almost certainly doing something you can’t do, or couldn’t do even if you wanted to.

#178 prairieboy43 on 09.26.15 at 10:38 am

Change of topic. No moose yet! Extremely Dry in Northern AB. Many crops still standing? Little moisture that happened was too late. Crops do not look good.
This is PC territory. Have not seen any other signs.
Big anti NDP rally in southern AB last week. Ndp will have a short leash.
PB43

#179 Smoking Man on 09.26.15 at 10:47 am

Climate change fanatics want to jail non believers.

Guy doing this pays himself 500k and 500k to his wife working part time, all from govt grants…

No wonder they’re fanatics. Lot to lose.

http://www.acting-man.com/?p=40241

#180 Herb on 09.26.15 at 11:16 am

#168 JacqueShellacque,

well, that certainly is the propaganda diatribe. Now do you have any facts to go with that?

BTW, 30% also happens to be your CPC base. So what is the significance of that number?

#181 Joe Schmoe on 09.26.15 at 11:22 am

How about those Blue Jays?

I fondly remember 1991. No gut, no income, no debt, no fear of hangovers.

This team is more fun to watch in my opinion.

#182 DTMGO on 09.26.15 at 11:31 am

Garth, working is a right, not a privilege. Any government, specially that of a rich country like Canada, the second biggest in the world, with a small population, should enable working able Canadians to be able to work. Check out the Universal Declaration of Human Rights, there is a right to work.

Furthermore, why are you cheerleading for corporations, if you claim to be for digital democracy? Corporations do not have any semblance of democracy in their structure or operations, they are autocratic, non transparent and even making a suggestion can get you fired. Yet this is the dominant economic institution in our days. I suppose you like them very much.

Where did I cheerlead for corporations? I simply pointed out taxing them more removes capital that can be used for expansion and job creation and gives it to governments to spend on overhead. — Garth

#183 Glen on 09.26.15 at 11:35 am

Jaqueshellac (?)

Who said accumulating wealth was a “gaming system”. No…it’s a choice generally. A combination og hard work, smarts and being in the right place at the right time….but typically a willful choice.

I think you are missing the point entirely. I am certainly not chastising someone for choosing wealth building over other equally important aspects of a healthy economic environment.

But there is significant evidence that those that accumulate wealth don’t distribute any of it…they hoard it. This does nothing to stimulate the economy. In fact it stagnates it. Thus…responsible governments must impose proportional an justifiable measures to ensure those that accumulate wealth, pay a little more so that they can enjoy the public services they talk for granted. Like healthcare…nurses salaries for example.

Ralph,

While your bathroom, slave reference may seem funny to you. It appears flippant to me and further validates my point.

#184 Ponzius Pilatus on 09.26.15 at 11:39 am

Who would have thought that the lovely former mayor of Surrey is quite a loose cannon and an islamophobe.
Requirement to run for the cons?

#185 Ponzius Pilatus on 09.26.15 at 11:42 am

What do you call people who talk tough and then hide in closets in time of danger?

#186 Godth on 09.26.15 at 11:42 am

#165 Ralph Cramdown on 09.26.15 at 8:38 am

How does the production of the latest craze stack up?
Rare Earth Minerals Turn Villages to Ruins
https://www.youtube.com/watch?v=TGLC59rCCDc

What are we going to do with all the lithium ion batteries when they’re dead?
http://www.waste-management-world.com/articles/print/volume-12/issue-4/features/the-lithium-battery-recycling-challenge.html

Will we recycle them like we do with our e-waste?
https://www.youtube.com/watch?v=yDSWGV3jGek

https://www.youtube.com/watch?v=hUK4cgyqsqo

#187 Nagraj on 09.26.15 at 11:58 am

Yellen’s health:

The last minutes of Yellen’s Amherst speech – she “faltered” – suggest the possibility of a transient stroke. (Those of us who are older and acquainted with grief understand the capriciousness and fragility of life everywhere.)
Her self-control and poise – as astonishing as admirable.

********************************************

[I have been brutally informed that in my previous post I miscoloured Duncan’s fatal silk scarf. I thought it was green. It was red. Hang me.]

#188 Mister Obvious on 09.26.15 at 12:18 pm

#177 JacqueShellacque

Bang on Jacque!

I too was good but not great. I too was paid well but not exorbitantly. In my career, I stood in awe of some brilliant people who earned more but not all that much more than me. In short, they were under payed for their level of competence. Or else, I was over payed.

It’s those exceptional people who deliver us all from medieval conditions. We devalue them at great peril.

#189 BS on 09.26.15 at 12:22 pm

NDP only party that wants refineries in Canada. Canada’s only new refinery since the 1980s is under construction

Thats a great plan the NDP has. Shutdown the oil sands and build refineries. I wonder how long before Trudeau adopts that as well.

#190 DisgustMadeMePost on 09.26.15 at 12:27 pm

My hero!

Tom Mulcair wants to abolish the Senate.

This alone has me hoping he’ll win.

He can’t. Of course. — Garth

#191 Herf on 09.26.15 at 12:27 pm

There might be hope for Ontario electrical rate payers:

http://business.financialpost.com/news/energy/supreme-court-backs-denial-of-ontario-power-generation-rate-hike-bid?__lsa=5ca2-34a4

#192 BS on 09.26.15 at 12:28 pm

But yeah…let’s allocate billions dollars to prevent “terrorist activities”….which average 1.1 deaths per year.

Based on the low death rate that money is well spent. We also spend billions to prevent diseases which kill few people in Canada. Would you cut spending on that too because nobody gets polio in Canada?

#193 LP on 09.26.15 at 12:33 pm

#144 mousy on 09.26.15 at 1:09 am
The picture reminded me of my first year law school moot question, namely was a parking lot an erection under the municipal act. You just can’t make this stuff up.
******************
Joni Mitchel says you can “put up” a parking lot in her song “Big Yellow Taxi”.

#194 Drill Baby Drill on 09.26.15 at 12:33 pm

Unfortunately there are many who write on this blog that are “chronic malcontents”.

They take the easy road and adhere to the politics of envy.
Suck it up Sunshines now is the time to put forth well thought out solutions to our “hewers of wood and drawers of water” economy instead of taking the brain dead path of increasing taxes at every turn.

#195 BS on 09.26.15 at 12:50 pm

In a few months, their stock will be higher than it is now. VW is not going into a black hole. This is a BP oil spill moment for VW stock. Buy low, sell high!

VW will be lucky to survive.

They have a massive recall that will change the performance of 30% their cars they sold over the past several years. Not only will that be expensive to ‘fix’ but it will decrease the performance of those cars significantly. Will those owners just accept that performance decrease or ask for a full refund? I would demand my money back and many will.

Then they have this now bogus diesel technology they threw all their eggs into. They won’t be able to sell these cars going forward. They must reengineer new technology which is obviously not easy otherwise they would have done it already instead of cheating.

Then you have a large number of complicit employees from the CEO on down who have been or will be fired and likely prosecuted criminally. That cannot be good for morale and running the organization. Many key people will leave to other auto makers.

It will take years for the government fines to be settled and they will be massive.

You will also have class action law suites with all sorts of claims such as polluting the environment to VW car owners that will take years to settle.

The goodwill and brand of VW is toast. Who would even consider buying a VW even if it wasn’t a diesel? VW will be forced to slash prices to attract buyers.

VW is screwed. If there is a buying opportunity it is years away.

#196 Broke Dick on 09.26.15 at 1:04 pm

#119 Steve French on 09.25.15 at 10:33 pm
What do you gotta do to get a comment approved around this blog?!

I’m a long term GF contributor, I’ll have you know.

I’ve made many highly informed posts, that are now considered as classics.

If I’m being censored how does Smoking Man get through?

There’s a line. You crossed it. — Garth
__________________________________________

Don’t feel bad Steve, it happens to all the most observant posters here.

#197 BS on 09.26.15 at 1:04 pm

So my point is, if you’ve made the choice to build wealth, then you should expect to pay a bit more. This is not some sort of “indictment” on the “hard work” you have done. It’s just doing the right thing by paying back a small percentage of the financial rewards the system afforded you.

Great point, except the part about the top 10% of income earners already pay 55% of all taxes. That is 10 times more than the other 90%. I would already consider that “a bit more” and more than a “small percentage”.

#198 Retired Boomer - WI on 09.26.15 at 1:08 pm

First off, Arnie has my condolences, and my sympathy.

YOU worked hard for what you have earned. I wish you to keep the bigger half of it, for your family. That IS why we do things nike work, and create!

I am NOT a fan of higher taxes “on the RICH” if you MUST raise taxes, then screw everybody evenly on income, sales, or user fees.

Like petrol which probably should be taxed at $1 a litre -in MY humble opinion. At least, you might buy a more fuel efficient shitbox next time!

Your, Libs and Dippers have been playing a poor game of the “US vs. THEM” game and probably deserve to lose accordingly. Too bad, the conservatives aren’t very dam conservative, or bright. Don’t ‘conservatives’ usually try to run a surplus in decent times? What happened over the last few years somebody forget how to do math up there?

We in the US are no better. Debts, deficits, fearful FED regulators as far as the eye can see.
At least our Speaker Boehner is quitting maybe now the republican leadership can find their behinds using both hands. Ah, ‘conservatives’ ya gotta love ’em, and laugh that they stand for so little.

As for “social justice” I do like the idea, but at WHAT cost? There is the rub. We just can never afford to fix every injustice in a society without causing just as many.

I am not a huge fan of dogs, but of cats. I DO like money, and have worked, and invested well over the years to ensure I don’t run out of it before I run out of time.

Yeah not a 1% er though like any decent hit record I did make the “top 20% countdown” does that count?

Probably not, but I won’t have to beg for kibble, either.
Not too hard to do either, but it does NOT come without some effort, and plenty of time too!

#199 Herf on 09.26.15 at 1:13 pm

#179 Smoking Man

“Climate change fanatics want to jail non believers.”

Hey Smokey, you may be interested in the following:

http://www.canada.com/technology/david+suzuki+says+trudeau+called+views+climate+change/11393762/story.html

#200 A Canadian Abroad on 09.26.15 at 1:18 pm

#30 When will they raise rates? on 09.25.15 at 7:30 pm “Anyone who votes for the Conservative Party is a traitor to not only Canada and our founding principles (“True North Strong and FREE”), but also a traitor to their own personal freedom and liberty. Why? C-51.”

Re: C-51. Garth, have you seen and analyzed this legislation? https://en.wikipedia.org/wiki/Anti-terrorism_Act,_2015

Like many Canadians, I’m confused on who to vote for and was leaning PC, but this might just be the push I need not to vote for PC or Liberal. But I really don’t want to go for NDP either… Gawd.

On February 19, 2015, a joint statement was published and signed by four former prime ministers: Jean Chretien, Paul Martin, Joe Clark, and John Turner. Eighteen others signed the statement, including five former Supreme Court justices, seven former Liberal solicitors general and ministers of justice, three past members of the intelligence review committee, two former privacy commissioners and a retired RCMP watchdog.[49] The statement calls for stronger security oversight, as “serious human rights abuses can occur in the name of maintaining national security”.

The bill was introduced and passed by the Conservative Party, who hold a majority in Parliament, with support from the Liberal Party.

#201 Big Dipper on 09.26.15 at 1:21 pm

Had another look at the poll results because it intrigues me.

The voting choice was in favour of the combined non-conservative parties (55%). So the ratio of voting intention of Other (parties) to Con is 55:45.

Now look at the hate Harper question. Yes to No ratio is 55:45 as well, (well almost).

A perfect match! Makes sense. The Conservative voter does not hate Harper, (enough).

Therefore, we would expect that the answers to the economic questions, (TFSA, tax rich, tax corp, min wage), should reflect left of center choices matching the platforms of the parties apparently preferred by 55% of the Poll responders.

Nothing could be further from the truth! The results reflected a strong preference for right, to hard-right choices – much more in line with Con principles.

I find this difficult to explain. Maybe someone else can.

#202 Grantmi on 09.26.15 at 1:25 pm

Holy Crap…

http://bit.ly/holycrapLiberals

#203 Mister Obvious on 09.26.15 at 1:25 pm

Thomas sort of backtracked pretty fast on that share option tax thing, didn’t he?

Somebody told him how disruptive that plan would be to startup business, and he was half convinced.

He’s now promised to work with industry to implement a half measure that might mitigate part of the fallout.

At least he has the courage to stand half his ground.

#204 bdy sktrn on 09.26.15 at 1:32 pm

#139 NEVER GIVE UP on 09.26.15 at 12:00 am
WOW, Breathtaking stupidity on the part of the justice system.
If you like twisted and warped, then this is for you!

http://abcnews.go.com/US/controversial-felony-murder-case-elkhart-teens-sentenced-50/story?id=24710849
—————————-
yes the sentences are rather extreme, but the law is clear.

home invading in usa shoud be an automatic darwin award nomination, as it should be anywhere.

do you think any of the ‘punks’ would trade places with their buddy who got 6 feet under as his reward?

i say bravo for the homeowner with the gun. somebody breaks into your home and makes it to your bedroom door – that’s what automatics with 30 round clips are for. the other punks should be eternally grateful the guy was not packing an AR 15.

#205 james on 09.26.15 at 1:32 pm

Where did I cheerlead for corporations? I simply pointed out taxing them more removes capital that can be used for expansion and job creation and gives it to governments to spend on overhead. — Garth

——————————————

Oh Garth, you are so cute sometimes – the way you chug the neocon Kool-Aid it’s dripping down your shirt onto your flip-flops and Bandit is licking up the drops from your feet :)

Seriously, can you name a list of corporations that have done as you say……..?

………Bueller?…….Bueller?………..Bueller…….???????

In fact, as we all know, corporations for over a decade have been taking tax cuts and stashing the money in banks, often offshore. Stagnant, unused, unproductive capital. Or used it to buy back stocks, enriching CEOs and insiders.

Expansion? Er…not so much.

Creating jobs? LOLOLOLOLOLOLOLOL!!!!!

Well, maybe outsourcing some jobs to Mexico and India – is that what you meant?

Some of us ARE somewhat stupid, Garth. (Personally, I even read 1/5 of the posts by Smoking Man. I know, what a dope I am.)

But we are not COMPLETE morons, oblivious to history and the facts around us.

Corporations are like you. They grudgingly pay their tax and strive to find ways to pay less. When they’re taxed more, they spend less. Investors put money into corporations to earn a return on it. Increased taxation reduces that, and the corp’s ability to grow and generate more profits. The only net beneficiary in this is government. Corporations, investors and employees lose. Uncompetitive taxes on corporations are no panacea and constitute social risk. Companies can move a lot easier than workers self-immobilized with $400,000 mortgages. — Garth

#206 DisgustMadeMePost on 09.26.15 at 1:53 pm

Along with killing C 51, Mulcair says clearly that he will not appoint any new Senators.

Maybe he plans to let attrition run its course?

Help me here… obviously abolishing the senate would be a process. Why would it not be possible to head in this direction?

signed: Desperately seeking something to vote FOR…

It is a constitutional issue. The Feds cannot arbitrarily change it. This is grandstanding. — Garth

#207 Washed Up Lawyer on 09.26.15 at 2:19 pm

#186 Godth

Thanks for the links. The e-waste documentary was an eye opener.

#208 Ralph Cramdown on 09.26.15 at 2:21 pm

#191 Herf — “There might be hope for Ontario electrical rate payers [Supreme Court Decision]

Ontario Power Generation is 100% owned by the Government of Ontario, which was, in effect, suing itself — in its own Courts (preceding the SCC). Who is to pay, ratepayers, or taxpayers?

Theatre of the absurd.

#209 eddy on 09.26.15 at 2:25 pm

@herf.
Re hydro rates.
I had a house with the service panel shut off-zero usage.
The bills were in the $40 range for delivery, debt retirement etc.
Plus hst. I wrote to my mp and mpp complaining about hst on nothing.
They both wrote back with many words , to paraphrase-
Theres nothing we can do. I repeat- tax on nothing

#210 Cyclist on 09.26.15 at 2:34 pm

166 Glen – I believe all your points can be countered.

There is nothing to stop a nurse from becoming wealthy
if he/she lives within their means and invests wisely which is the main message of this blog.

There are some wealthy people who inherited it, or won it, but all that I know work very hard, took risks, and had a skill or talent that set them apart. And there is no guarantee that they would become rich.

If you define “hoarding” as stuffing your cash in a mattress, again I know few “wealthy” people that do this. If they make large incomes, chances are they spend a lot back into the local economy. If they run a successful business, they employ people and their business in turn uses other businesses in the larger economy. Even if our nurse has a large portfolio, he/she most likely acquires that in order to spend it some day, or pass on to heirs who can spend it.

And as others have pointed out, the wealthy do pay far more in tax already.

#211 bdy sktrn on 09.26.15 at 2:39 pm

#205 DisgustMadeMePost on 09.26.15 at 1:53 pm
Along with killing C 51, Mulcair says clearly that he will not appoint any new Senators.

Maybe he plans to let attrition run its course?

Help me here… obviously abolishing the senate would be a process. Why would it not be possible to head in this direction?

signed: Desperately seeking something to vote FOR…
——————————
on cbc this am mulcair sounded reasonable and sensible to even a strong meritocracy type of person like me.

then he spouts off with the green bs line …our #1 job is to cut CO2 because of global warming. no vote for you!

#212 #noheadsackingincanada on 09.26.15 at 2:52 pm

Nora #170..

“Do you, Mr. noheadatall, actually hate women? It sounds like it. Sad. It also sounds like you are getting needlessly excited by the prospect of being in a position of power over a woman.”

Nora…How you spin my direct support of freedom for all women into a politically correct ranting accusation..is pure liberal magic. Obviously you know nothing about the horrible daily lives of women in the middle eastern influenced world.

Try this experiment….move to Yemen, Pakistan or Saudi Arabia for 6 months…..if you survive with your bias come back and elucidate.

But hey…if you have a problem with reading comprehension or are somehow disabled…all’s forgiven….rant on.

#213 Herf on 09.26.15 at 2:57 pm

#173 Matt

“Garth I love your blog and want to thank you for all the advice you give but I let out a soft groan anytime you, or anybody, say that increasing the corporate tax rate to 12 per cent from 10 per cent is a 20 per cent hike. That’s the type of thinking that got Jimbo thrown out of office.”

“If you were paying the tax it would require 20% more cash. Is that better? — Garth”

Matt, follow the math:

Start with $100.00, taxed at 10% (10% = 10 ÷ 100 = 0.10):

tax paid is $100 x 0.1 = $10

then tax rate increases to 12% (12% = 12 ÷ 100 = 0.12):

new tax paid is $100 x 0.12 = $12

Difference between new tax paid and previous tax paid is:

$12 – $10 = $2

change in tax paid from previous-to-new as a fraction of previous tax amount is:

($12 – $10)  =  0.2
     $10

change in tax paid from previous to new as a % of previous tax amount is:

0.2 x 100% = 20%

Another way to do the math is to base the calculation on the tax rates of 10% and 12%:

initial tax rate = 10% = 10 ÷ 100 = 0.10

new tax rate = 12% = 12 ÷ 100 = 0.12

difference between new tax rate and previous tax rate is:

0.12 – 0.10 = 0.02

change in tax rate from previous rate to new rate as a fraction is:

(0.12 – 0.10)  =  0.20
     0.10

change in tax rate from previous rate to new rate as a % is:

0.20 x 100% = 20%

Either way, you have a change (Δ) in tax amount paid and tax rate of 20% from the original amounts.

#214 #noheadsackingincanada on 09.26.15 at 2:57 pm

#165 Ralph C

““And it’s not like VW killed anyone like GM did with their faulty ignitions switches.”

Actually they did…they stabbed at the heart of all the greenie blobby little airheads who thought their yelling screaming and bleating love of Obama’s mad idiocy was actually accomplishing anything

#215 glen on 09.26.15 at 3:05 pm

209 cyclist.

Oye. You missed the point…and then oddly repeated the very mantra I attempted to highlight. You said:

“There are some wealthy people who inherited it, or won it, but all that I know work very hard, took risks, and had a skill or talent that set them apart.”

Don’t you see the issue with this? Plenty of good, smart, hard working folks opt to focus more on family, enjoying the simple things in life…or helping others. In other words…it’s a choice rather than a matter of “setting oneself apart”.

The whole statement of “setting oneself apart” reeks of arrogance.

But the main point you missed is that wealthier folks DO NOT HELP THE ECONOMY GROW without measures to ensure they do. This has been demonstrated time and time again throughout history. Trickle down economics simply does not work. It has the opposite effect on economies.

You seem to miss the point that economies rely heavily on folks who choose less financially lucrative paths for themselves. The middle class is the engine of any economy.

Support them through appropriate taxation…and things steam ahead beautifully.

I will be forever dumbfounded by wealthy folks who act like Gollum from the lord of the rings and view any suggestion that they contribute a little more as some sort of affront to their “hard work”. As if others don’t work hard.

I have no issue with someone who opts to build wealth as the prime directive in their life. But with everything…that comes as a cost.

Just as a nurse puts in gruelling emotional hours…the chose that and pay for it via emotional tax (how is that for a metaphor :))

#216 BS on 09.26.15 at 3:15 pm

Nothing could be further from the truth! The results reflected a strong preference for right, to hard-right choices – much more in line with Con principles.

I find this difficult to explain. Maybe someone else can.

Clearly the vast majority prefer the current taxation, TFSA and economic policies of the Conservatives. Many people are not voting conservative because they hate Harper and they don’t mind cutting their nose off to spite their face.

Garth’s poll is just further evidence Trudeau is an idiot for adopting policies left of the NDP when the vast majority of the voters want the status quo for taxation, TFSA, etc. The NDP is probably gaining many former Conservative votes which should have been easy votes for the Liberals. Harper couldn’t have asked for a bigger gift than Trudeau.

#217 Mister Obvious on 09.26.15 at 3:21 pm

#201 Big Dipper

“A perfect match! Makes sense. The Conservative voter does not hate Harper, (enough).”
———————————
I would have preferred this question…

“Do you wish Stephen Harper would immediately disappear forever from public office in much the same way as the detested former BC premiere Gordon Campbell did, except of course, without that bogus semi-ambassadorial non-job Harper arranged for him in London”

to which I would have answered a wholehearted YES.

But just like this election, I had to choose from the available options. So, “Do you hate Stephen Harper?” had to get an affirmative reply.

#218 T_B on 09.26.15 at 3:29 pm

Justin’s escalator pitch is getting a tad tedious. He rant’s about the cons giving tax breaks only to the rich. His solution – reduce the second tax bracket by 1.5% to help the middle class. Really? The max benefit is $670 a year – $1.84 a day. But who really will get it?

The 69.5% of tax payers who have a total income of less than $50K won’t make the cut. The 23% of tax payers with total income between $50K and $100K will get some, but only those at the upper end of this range will approach the max of $670. But guess what? The 7% of tax payers with total income between $100K and $225K will get the max $670 benefit.

And to pay for this they plan to increase the rate for the top 0.6% of taxpayers.

So it appears the lib brain trust have redefined the middle class – it is the top 10% of income earners just below the ultra rich 0.6%.

So the escalator pitch is pure snake oil.

#219 Freedom First on 09.26.15 at 3:34 pm

#170 Nora Lenderby

Let us also address the issue of Domestic violence against men and the lack of support for men in Canada. This is real, and no laughing matter. It is however, ridiculed and/or ignored. Put in some research people, you will be stunned.

#220 pathcontrolmonk on 09.26.15 at 3:45 pm

#noheadsackingincanada – are you the angry old Harper-lover with the predilection for calling people “lying pieces of sh$t”?

#221 Freedom First on 09.26.15 at 3:56 pm

#101 Glen

You should read the book, The millionaire next door. It will teach you a lot and you won’t sound like such a moron.

#222 Greg on 09.26.15 at 4:00 pm

Hi Garth, re: your Greatfool poll
It might have been interesting to have also asked the people that responded to your Greatfool poll,
If they normally respond to other polling companies that contact them. I for one do not.
I do plan on casting my vote.

#223 Ralph Cramdown on 09.26.15 at 4:09 pm

#213 Herf — “Either way, you have a change (Δ) in tax amount paid and tax rate of 20% from the original amounts.”

Yes, of course. And if tax rates had been 1% and the Alberta NDP proposed raising them to 3%, the increase would have been 200%!

Whether somebody calls this a 2% increase or a 20% increase serves as a convenient marker for his or her feelings on the matter.

A dispassionate analysis, however, takes a different approach. The questions are “how is a business owner affected, and how many are likely to move or close up shop because of this change?”

Federal+Alberta business tax rates for non-small businesses are 15%+10% before the change, and 15%+12% after the change. So the business owner goes from keeping 75% of pre-tax profits to 73%. 73 / 75 = 97.33%, or a loss of 2.67%.

Who is going to move or go under because profits went down by 2.67%, in what was already a low tax jurisdiction with a young, well educated workforce and public healthcare? Where would they move to, and what are the tax rates and workforce characteristics there?

#224 Mister Obvious on 09.26.15 at 4:13 pm

#213 Herf

Are we treading this path again?

I am not here to defend #173 Matt since he likely speaks for the innumerate unable to conceive of a second derivative. I think those folks need a remedial night school course in basic math.

But I expect Matt (who may properly understand percent value derivatives) does not accuse Garth of bad math but rather, of being accurate in his reporting, thus making him subject to accusations of bias.

Attention must be paid to the words ‘from, ‘to’ and ‘by’. If a tax has risen ‘from’ 10% ‘to’ 12% it has gone up ‘by’ 2% only if you’re the politician making the announcement.

But if you are the guy who must pay, the tax has indeed been increased ‘by’ 20%.

People should try this thought experiment involving their own paycheck: Let’s say your employment insurance deduction goes from 3% to 4%. Do you slough that off as a mere 1% increase or do you instead correctly recognize it as a 33% increase in EI premium? The answer says a lot about one’s level of numeracy.

#225 Vanman on 09.26.15 at 4:21 pm

http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/some-housing-markets-too-hot-for-traditional-down-payment-wisdom/article26532772/

#226 Vanman on 09.26.15 at 4:30 pm

Are you not publishing my article about not reporting worldwide income by multi million dollar property owners because:
A) it has been published by someone else already?
b) the article has racial overtones?
C) you just don’t like me?

Take you pick. Old news. Racist columnist. — Garth

#227 Herf on 09.26.15 at 4:41 pm

#223 Mister Obvious

“If a tax has risen ‘from’ 10% ‘to’ 12% it has gone up ‘by’ 2% only if you’re the politician making the announcement.”

I think that’s what is commonly referred to as “spin”. The politicians will always state things in such a way as to cast the situation in a positive light or that makes them look good. What’s that old phrase? “Emphasize the positive, don’t mention the negative”.

“The answer says a lot about one’s level of numeracy.”

Agreed.

#228 BS on 09.26.15 at 4:44 pm

But the main point you missed is that wealthier folks DO NOT HELP THE ECONOMY GROW without measures to ensure they do.

People who have accomplished nothing like you know how to make the economy grow but those who have been successful and actually made the economy grow have no clue how to continue to do that? We need your measures to make that happen?

Wealthy people spend and invest their money. Both are good for the economy, create jobs and are taxed over and over again.

#229 Cyclist on 09.26.15 at 4:47 pm

215 Glen – lets look at your post again

“By and large the wealthy take the money and run.
They buy bigger hourse with 8 bathrooms for 4 people.
They don’t distribute it downward.”

Tough to run with a house. By building this house they have distributed part of their wealth.

“So my point is, if you’ve made the choice to build wealth, then you should expect to pay a bit more. This is not some sort of “indictment” on the “hard work” you have done. It’s just doing the right thing by paying back a small percentage of the financial rewards the system afforded you.”

Again, they dont pay a small percentage. They often pay a large percentage, and given their larger base, a
much bigger piece of the tax pie.

#230 Chancho on 09.26.15 at 4:51 pm

All i see in my riding of Saskatoon West is NDP and Liberal signs, There are very few conservative signs out. Should be interesting to see who wins. I for one will be voting azul

#231 BS on 09.26.15 at 5:01 pm

Who is going to move or go under because profits went down by 2.67%

If you had a choice to invest in two places and one paid 2.67% more than the other would that be a consideration? Then you looked at the trend and it was evident more measures were coming to further reduce the return. Do you think this is irrelevant to business that has capital to invest and a choice of where to invest it? Of course not.

Short term the Alberta government gains a little revenue because as you said the business can’t easily leave. Long term they lose tax revenue because capital avoids Alberta and new investment dries up. That’s why the NDP usually only lasts one term.

#232 Ralph Cramdown on 09.26.15 at 5:10 pm

#228 BS — “Wealthy people spend and invest their money. Both are good for the economy, create jobs and are taxed over and over again.”

Are YOUR spending and investments optimal to make the Canadian economy grow? Mine sure aren’t. Poor people’s money has the highest velocity, and the greatest fraction of it is spent in the local economy on local products and services. The richer you are, the more likely you are to have foreign investments, bonds, spend on foreign travel and imported goods, and to spend significantly less than you earn.

There are exceptions: Levered up local real estate developers, for example. Warren Buffett invests almost everything in US companies, but they hold a lot of fixed income securities and cash. Word is he doesn’t spend much on himself.

#233 Vanman on 09.26.15 at 5:12 pm

http://www.vancouversun.com/business/commercial-real-estate/barbara+yaffe+land+values+continue+soar/11388332/story.html?__lsa=36dd-f7f1

#234 #noheadsackingincanada on 09.26.15 at 5:21 pm

#220 PathControlFreak

“#noheadsackingincanada – are you the angry old Harper-lover with the predilection for calling people “lying pieces of sh$t”?”

Riotous….now….let me try and make sense of your psycho-babble…. you’re saying that taking a position as a defender of women rights, and being for every woman’s right not to be head sacked in Canada or anywhere else, aligns one with an extremist right who must love Harper and hate women if they defend women from a politically correct smear and desperate life of horror…..that’s a real head spinner..albeit pathetic and obvious.

News Flash to leftist slop spinners….Harper is no more the Great Satan than Angry Tom or Junior T….they are all politicians…..and all the Hate Harper diatribe that Canadians have been subjected to by the CBC, CTV, Globe and Star hasn’t made a bit of difference in the polls…..Canadians have not been swayed, misled or fooled.

Women should be defended at all costs from a life of medieval brutality by every politician, and any who won’t are crap on a stick. To take a position opposite merely to try and embarrass Harper to the detriment of women is downright sleazy.

PathControlNut….join Nora on her trip to emulate the life of an Afghan, Yemeni, Pakistani or Saudi woman….take a friend…your wife , boyfriend or daughter….if any of you survive…come back and tell us your story.

Otherwise..join the 93% of Canadians who don’t intend to tolerate head sacking women in Canada and who will not be bullied by media fart catchers in the editorial offices of our leftist rags into accepting a brutal regime that uses women as doormats and kills the opposition.

#235 glen on 09.26.15 at 6:19 pm

221 freedom first

The classic default position of someone who is on the loosing end of a debate. Ad hominem attacks.

Referring to me as a moron essentially demonstrates your inability to counter what I have outlined for you.

BTW…I have read that book.

Good book.

#236 nonplused on 09.26.15 at 6:20 pm

#165 Ralph Cramdown

I am not saying what VW did was right, far from it. What I am saying is that if everyone else is cheating and not being punished it’s pretty hard not to yourself. So yes, the answer to your question is that yes if everyone else is cheating you have to ape them. You have no choice.

Ever played team contact sports before? Hockey, football, soccer, even basketball count to greater and lessor extents. If the referee isn’t calling the fouls and illegal hits the game gets progressively more and more violent and that is just the nature of things, and then eventually fights break out (that might also be a good analogy in this case). If one guy gets to cheat pretty soon everyone is doing it.

The table of diesel truck regulations is interesting, but their really isn’t much difference between a VW TDI and a big truck engine other than scale. Since fuel matters a lot to trucking companies, I could see them cheating just as much or even more to get the fuel economy up. When you are towing 80,000 lbs I don’t think you give a rat’s a$$ what’s coming out the tailpipe, the fuel is expensive. And to my knowledge none of the big rigs use urea. So the right comparison would be what NOX per whatever measure say per mile of per volume of exhaust how doe the TDI compare? The TDI is probably lower over all. They just have different laws.

NOX is not very pretty to have around and can kill in sufficient quantities, but it doesn’t accumulate it reverts over time. I don’t know that current levels can be said to be killing people. And how else do you get the mileage?

And as for jets, I don’t see urea as even being possible. The 1% is hard to put in perspective for me as I don’t know how much fuel they use in total compared to the rest of the transport industry. But my guess is since they spend so much time at 38,000 feet over nothing the number is pretty meaningless.

#237 Ralph Cramdown on 09.26.15 at 6:22 pm

#231 BS — “If you had a choice to invest in two places and one paid 2.67% more than the other would that be a consideration?”

Of course. But a small one. I’ve invested in companies domiciled in Ireland and the Caymans, and for those types of businesses, Alberta won’t be competitive, ever. But I’ve also invested in businesses domiciled in high tax environments. The numbers worked.

For most businesses, proximity to customers, to raw materials and qualified employees, rule of law etcetera are a bigger deal than a small tax rate delta. There are world-beating corporations headquartered in all G-20 countries, and they haven’t all moved to the low-cost jurisdiction du jour.

By definition, the company that will relocate over a tiny difference in net profit is MARGINAL, in economic terms. It probably doesn’t add much to the local economy. And another marginal business will likely take its place if it moves.

It’s easy to focus on tax rate deltas and ignore infrastructure deltas, implicitly assuming that a place will have the same level of infrastructure whether its business tax rates are 25% or 27%.

#238 Renter's Revenge! on 09.26.15 at 6:36 pm

Ralph Cramdown: “Are YOUR spending and investments optimal to make the Canadian economy grow? Mine sure aren’t.”

It’s alright, it’s alright. The invisible hand moves in mysterious ways.

#239 pathcontrolmonk on 09.26.15 at 6:51 pm

#noheadsackingincanada – Earl, I knew it was you!

Not sure what you are on about, just commenting that you sound apoplectic. Your screen must be kind of blurry covered in all that spittle.

As to “headsacking”, I am going to knit a ski mask for my atheist daughter just to spite you.

#240 astronaft on 09.26.15 at 6:59 pm

To #10 crossbordershopper
“i used to dream now i simply exist till the day i die. this is the reality for many people i know. come to barton and wellington in hamilton and i will show you poverty, sickness and unhappiness.”

____________________________________________

You are probably going thru the downturn stage of your life. This can and will likely change.
I suggest to download and listen to a brilliant audio-book “Tribal leadership”
http://www.culturesync.net/toolbox/tribal-leadership-audio-book/
This is a free no-strings-attached download. And it makes for a great, inspiring car listen.
If you listen to it – they talk of stages: life sucks, my life sucks, i am great and they suck, we are great etc.
Highly recommended.

#241 TurnerNation on 09.26.15 at 7:04 pm

Loblaws has a sneaky trick: items on sale but only when you buy quantity of 3. Else reg price.
And red signs looking like sale signs, saying Great Deal when it’s regular price.

Dollarama knows cash is king: accepting only cash or debit card.

#242 Nora Lenderby on 09.26.15 at 7:19 pm

#212 #noheadsackingincanada on 09.26.15 at 2:52 pm
Obviously you know nothing about the horrible daily lives of women in the middle eastern influenced world.

Mr. nohead..etc – I understand, possibly more than you, the horrible lives of women (and men) in some parts of the world. This is not an issue in the Canadian election except as a dog whistle to cleave those with a serious excess of self-righteous indignation to their cause. It’s a sad tactic, but you appear to have fallen for it.

Ms. Hilary, rightly appeared to object to the politicization of veiled woman by a pair of Canadian political parties (BQ and Conservatives, strange bedfellows – or perhaps not) and you responded with a lovingly crafted description of oppressing her most appallingly. You were behaving badly, imo.

I pointed out that women in Canada have more to fear from their male acquaintances than from strangers. That doesn’t, repeat, doesn’t, make all men into villains. But it doesn’t make you a hero either.

Perhaps you’d like to comment on the most serious threats* to women in Canada. It’s not from immigrants, or terrorists, Muslim or otherwise. Sadly, it hasn’t become an issue in this election except as a sideshow.

*Heart disease, actually.

#243 Oceanside on 09.26.15 at 7:25 pm

#95 Ret on 09.25.15 at 9:22 pm
#38 “And if the NDP do implement a sales tax, they are done like dinner – Albertans will kick them to the curb, never to be elected again in living memory.”

So many retirees from Alberta living here in British Columbia. A lot bail as soon as they retire. Some go on about how much better it is in Alberta because they don’t have to pay sales tax, car insurance is cheaper
etc…Car insurance I can understand as there are no corners in Alberta but taxes are needed to pay for hospitals, schools, roads, police. Sales tax isn’t going to ruin the province, it exists most everywhere else. People seem to forget the time they had an accident or a surgery which they paid nothing or very little for. And I do also agree with Frank, there are a million shades of grey, really tired of all the bullshit.

#244 Nora Lenderby on 09.26.15 at 7:30 pm

#219 Freedom First on 09.26.15 at 3:34 pm
Let us also address the issue of Domestic violence against men and the lack of support for men in Canada. This is real, and no laughing matter. It is however, ridiculed and/or ignored. Put in some research people, you will be stunned.

It’s absolutely true. While violence against women gets most of the media attention, men suffer too. Some by violence when they are children, some by incredibly bad bahaviour by women.

Then there is the issue that women usually get custody of any children and I have known of cases when that is used to abuse men. I have also personally known a case when a woman deliberately provoked a violent drunk husband until he beat her. So he would be sorry for it the next day.

Things are complicated. People have difficult lives. We have to struggle to be understanding and rise above our biology.

#245 pathcontrolmonk on 09.26.15 at 7:33 pm

#noheadsackingincanada

Earl, I have no idea what you are on about, but you sound apoplectic. If you are looking for a platform to discuss “headsacking” though, you are on the wrong blog.

#246 Nora Lenderby on 09.26.15 at 7:58 pm

#234 #noheadsackingincanada on 09.26.15 at 5:21 pm
#220 PathControlFreak
“#noheadsackingincanada – are you the angry old Harper-lover with the predilection for calling people “lying pieces of sh$t”?”

Riotous….now….

Gentlemen, please! No need for that, Mr. PCF.

Mr. nohead…etc is clearly a thirty-something with a sweet disposition. He is larding his comments with canned vituperation that he got from somewhere.

This is not useful political or financial discussion. It is an interesting example of social diversion, though.

Getting all excited on behalf of “the helpless womenfolk” is quite diverting, and I do applaud men in general for their kindness and helpfulness. Lovely.

However, don’t tell me you’re defending me or other women by telling a handful of women how to behave.

I got this one, lads. Go cut down a tree for winter fuel.

#247 BS on 09.26.15 at 7:59 pm

Poor people’s money has the highest velocity, and the greatest fraction of it is spent in the local economy on local products and services.

More government and higher taxation does not put more money in poor peoples pockets but it does limit opportunities for jobs and running a business. The NDP will not help poor people. They will keep them poor.

#248 Nora Lenderby on 09.26.15 at 8:01 pm

#243 Oceanside on 09.26.15 at 7:25 pm
Car insurance I can understand as there are no corners in Alberta…

Love it! You get the “I Nearly Choked On My Merlot” award for tonight, dear.

#249 Smoking Man on 09.26.15 at 8:06 pm

Conrad Black ouns Micheal Man.

The disgraced Dr of the Hockey Stick Fraud, hide the decline.

Climate Gate.

Garth, you know him, tell em Smokey would be honored to buy I’m a beer. Hurry, I’m leaving town soon.

Tree huggers stay away from this link.

God Damn this dude can write.

http://www.nationalpost.com/m/wp/news/blog.html?b=news.nationalpost.com/full-comment/conrad-black-on-climate-alarmists-and-other-discarded-relics&pubdate=2015-09-26

#250 Nora Lenderby on 09.26.15 at 8:07 pm

#239 pathcontrolmonk on 09.26.15 at 6:51 pm
#noheadsackingincanada
As to “headsacking”, I am going to knit a ski mask for my atheist daughter just to spite you.

lol…Can Pussy Riot members become Canadian citizens? Presumably they could claim asylum on the grounds that they vex dear Mr. Putin something chronic.

Whacky old world, innit?

#251 Kaganovich on 09.26.15 at 8:12 pm

“Where did I cheerlead for corporations? I simply pointed out taxing them more removes capital that can be used for expansion and job creation and gives it to governments to spend on overhead.” — Garth

Quaint notion.

“The allocation of corporate profits to stock buybacks deserves much of the blame. Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37% of their earnings. That left very little for investments in productive capabilities or higher incomes for employees.”

https://hbr.org/2014/09/profits-without-prosperity

#252 Smoking Man on 09.26.15 at 8:29 pm

Wow, Wynee govt back bencher has a private members bill to remove the Word Mother and Father from govt documents.

Lmao, reasoning, its offensive to the LGBT

LGBT you know I have nothing against you, but you better rain in this phyco path.

Back Lash in the next election will be a bitch.

But something tells me, one of you will get the contract for the printing job.. Un tenderd, and 100 times the cost Staples could do it for..

#253 Freedom First on 09.26.15 at 8:47 pm

#244 Nora Lenderby

Right on Nora. I am against and appalled at the abuse/violence/bullying taking place throughout our whole society by both men and women. Sadly, even children of all ages in schools do this to each other. I am grateful I have been my own Boss for many years. The bullying/backstabbing/office politics in the workplace is
something to be avoided at all costs. For myself, I am a strong Alpha male and never had any trouble, but I found it distasteful to be around so many miserable people. Married men are the worst.

#254 Grantmi on 09.26.15 at 8:54 pm

How Long Will Janet Yellen Last as Fed Chair?

Read more at http://bit.ly/1PGXKG7

Mish wondering how long Yellow Yellen actually has as FED. Her speech the other day sounded like hell.

Also.. this interesting muse by Mish –

By the way, the Fed has not hiked in 20 years in any year in which the stock market was negative year-over-year at the time.

#255 Ralph Cramdown on 09.26.15 at 9:19 pm

#247 BS — “More government and higher taxation does not put more money in poor peoples pockets”

Have a lollipop, kid. And when you’re old enough, travel as much of the world as you can afford. Try to learn from what you see. While you’re waiting, read some books about the old days.

#256 Smoking Man on 09.26.15 at 9:20 pm

I’ll be living here for a while dogs.

Any blog dogs in Boston, let’s have a few pints.

http://www.batterywharfhotelboston.com/m/gallery

#257 Ralph Cramdown on 09.26.15 at 9:26 pm

#251 Kaganovich — ‘[qouting] “The allocation of corporate profits to stock buybacks deserves much of the blame. Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37% of their earnings. That left very little for investments in productive capabilities or higher incomes for employees.'”

As much as I disagree with Garth’s depiction of government spending as ‘overhead’ (as if government spending isn’t private sector income), the qoutation above also forgets about the other side of the equation. Every shareholder who sold shares to a company buyback, and every one who received a dividend, had extra money to invest as he saw fit. Companies which don’t see great opportunities to allocate spare capital SHOULD return it to shareholders, rather than invest it in not-so-great things.

Individual companies can’t solve a general lack of demand in the economy. Say’s Law is wrong; supply does not always create its own demand.

#258 waiting on the westcoast on 09.26.15 at 9:38 pm

SM – I am in Boston fairly often… and would highly recommend going to the Liberty Hotel.

For all the people discussing men and womenfolk… buy a half dozen / dozen chickens and make sure at least a couple are roosters… watch… watch some more.

You will soon see that our behaviour, despite our “civilized ways”, is really quite similar. Bullying, fighting, posturing, etc., its all there…

#259 Smoking Man on 09.26.15 at 9:56 pm

#258 waiting on the westcoast on 09.26.15 at 9:38 pm
SM – I am in Boston fairly often… and would highly recommend going to the Liberty Hotel.

For all the people discussing men and womenfolk… buy a half dozen / dozen chickens and make sure at least a couple are roosters… watch… watch some more.

You will soon see that our behaviour, despite our “civilized ways”, is really quite similar. Bullying, fighting, posturing, etc., its all there…
……

I gave myself degree in Herdonomics. I completely understand the man vs woman thing.

Been married for over 30 years, I know who’s boss.

Men have physical strength, woman have mental strength.

Once you accept and understand this.. Then find ways to work around it.

Your life is good.

#260 BS on 09.26.15 at 9:59 pm

#247 BS — “More government and higher taxation does not put more money in poor peoples pockets”

Have a lollipop, kid. And when you’re old enough, travel as much of the world as you can afford. Try to learn from what you see. While you’re waiting, read some books about the old days.

If I could give those who are struggling one bit of advice it would be get some social skills. I can see why you are poor.

#261 prairie person on 09.26.15 at 10:06 pm

The Future is here: went to my dry cleaners. If you pay in advance, you get ten percent off. Pulled out a twenty. The clerk said, “We no longer accept cash. Credit card or debit card only.”

#262 Smoking Man on 09.26.15 at 10:42 pm

My previous post

“Men have physical strength, woman have mental strength.”

Every man who’s ever ridden a motorcycle will interpet woman have mental strength as, she’s metal, nice one Smokey.

Every woman that’s ever walked the earth and read that will stand in front of the mirror, saying go girl..

I’m a gifted writer in spite of the fact, I’m a bit shity on the technical side of this equation.

Dr Smoking Man
PhD Herdonomics.

#263 Ponzius Pilatus on 09.26.15 at 11:22 pm

Smocking Man.
You’re past your limit of two of your useless comments.
Garth, please enforce.
Thanks.

#264 Dr Chilldram on 09.26.15 at 11:30 pm

#116 Paul E Wannaquacker on 09.25.15 at 10:27 pm
Garth

I think you took a bit a of a risk with your poll. If the actual results are way different, the plebes will pile on you and your street-cred could take a hit. However social scientists might use any skewing of the results as a basis for a PHD thesis on how (not) to conduct web polls

What an idiot comment. People come here. They vote. I count. If the NDP or Libs won, you’d applaud the initiative. — Garth”

Garth, you seem a bit angry and over-sensitive. The original comment appears to refer to methodology, and you responded with a rude and insulting partisan attack…..take a chill pill, or at least down a wee dram of single malt….

#265 OXI in GREECE !! on 09.26.15 at 11:53 pm

#192 BS on 09.26.15 at 12:28 pm
But yeah…let’s allocate billions dollars to prevent “terrorist activities”….which average 1.1 deaths per year.

Based on the low death rate that money is well spent. We also spend billions to prevent diseases which kill few people in Canada. Would you cut spending on that too because nobody gets polio in Canada?
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

So your going to compare a dude who needs to know how to make bombs and smuggle weapons with communicable diseases? How dumb.

#266 #noheadsackingincanada on 09.27.15 at 12:34 am

#242…Nora

“Mr. nohead..etc – I understand, possibly more than you, the horrible lives of women (and men) in some parts of the world.”

Please free to detail us some personal experiences you’ve had living under the conditions of an Afghan, Pakistani, Yemeni, Saudi woman.

I’ve been to there..and been shot at for your pleasure….witnessed the murder of women first hand….watched an armed woman beat another with whips for wearing the wrong shoes….I’ve also witnessed the same misogynists liberals seem to love so much abusing children. tell me what I missed and why you support that.

Until you actually know what you’re talking about Nora….and it’s not like Mr Trudeau will have us believe….maybe you should take the trip I recommended so you can see first hand what your psychobabble can’t comprehend.

This is not about embarrassing Harper…for the women over there….it’s very very real. But go ahead…support the brutal misogyny promoted by the Hate Harper Camp….you have to sleep with you.

#267 MB on 09.27.15 at 3:40 am

Dear Garth,

3122 of your survey respondents do NOT hate Stephen Harper, and 3141 of your survey respondents will be voting Conservative.

Hmmmmmmmm….

At least 2953 of your 7200 survey respondents think TFSA limits should NOT be rolled back, but will NOT be voting Conservative.

Hmmmmmm… that’s a non-sequitur.

I guess the most important, and unposed question is: How many of the 2207 survey respondents who will be switching party allegiance this election will be switching TO Conservative? My guess is zero which can’t be good for Stephen Harper.

Thanks for confirming that Stephen Harper will only be getting his core supporters to vote for him.

Best Regards,
MB

#268 Editrix on 09.27.15 at 7:53 am

Garth, did you see this doc last night on TVO? Claims trickle down economics doesn’t work and the super rich should be taxed higher.

http://tvo.org/video/documentaries/the-super-rich-and-us/the-super-rich-and-us–episode-1

#269 Godth on 09.27.15 at 8:41 am

#249 Smoking Man on 09.26.15 at 8:06 pm

There’s still time to get in on the ground floor smokie.
http://www.zerohedge.com/news/2015-09-26/did-goldman-sachs-sacrifice-australias-prime-minister-his-doubts-about-global-warmin

“The new carbon-credit market is a virtual repeat of the commodities-market casino that’s been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won’t even have to rig the game. It will be rigged in advance.”

https://www.youtube.com/watch?v=E_ch_Q6ZQvM

#270 Chris on 09.27.15 at 9:04 am

As I said before Trudeau and Mulcair are both pretty dumb, politically speaking. Otherwise why would they campaign on reducing something that is tax free. It should be a non starter. Funny none are talking about cutting waste in the public sector. How is that e health thing going? As a tax payer in Canada, i feel being screwed by all the prople we hire to service us, with the exceptions of doctors. They have not gone on strikes at least.

#271 Darryl on 09.27.15 at 9:16 am

#23 Billy Bob on 09.25.15 at 7:22 pm

I’m opposed to increases in taxes but the rhetoric around the topic is pathetic (on both sides of the argument)!

“When I get taxed another 3-5-7% or more than half, I think it’s time to ask for another position. It’s just not worth it.”

So you make $200k a year from your business (not including any equity value) and because your tax rises $7-14k you’re going to pull out? Sober up…

——————————————————————

Sounds like you already have plans on how to spend his money Bobby boy.
If you think that 7 to 14 k is pocket change why don’t you offer that much to a charity.

Eat the rich eh??
200 k is not rich in this country BTW .

#272 paul on 09.27.15 at 9:20 am

#261 prairie person on 09.26.15 at 10:06 pm

The Future is here: went to my dry cleaners. If you pay in advance, you get ten percent off. Pulled out a twenty. The clerk said, “We no longer accept cash. Credit card or debit card only.
————————————————————-
I would find another dry cleaner.

#273 Llewelyn on 09.27.15 at 9:20 am

The world according to Garth!!

“I simply pointed out taxing them more removes capital that can be used for expansion and job creation and gives it to governments to spend on overhead”.

Removing capital that could be used for job creation by increasing the corporate tax rate by 2.0% is very, very bad.

Diverting capital into tax free savings accounts to avoid taxation very, very good.

There is no shortage of evidence that multi-national corporations and wealthy Canadians are far more concerned about profits and accumulating additional wealth than they are about job creation.

In Alberta thousands of citizens employed by private corporations have lost their jobs while the same corporations continue to distribute dividends to their shareholders in an effort to protect the value of the shares. Of course it is only a coincidence that the executives of these corporations have a vested interest in maintaining the value of corporate shares.

Many contributors to this blog view the provision of essential revenue to a Provincial government that supports the employment of 350,000 Alberta citizens involved in essential services such as local government, education, health care, public services, road maintenance etc. as irresponsible. They seem to ignore the fact that even with a 2.0% increase in the corporate tax rate the projected revenues contributed by corporations based in Alberta will actually decline this year.

Without an increase in taxation revenue the Province of Alberta would have had no choice but to cut back on the funding supporting the employment of 350,000 Canadians. I would be willing to bet that the number of jobs saved by a 2.0% increase in the corporate tax rate would dwarf the number of jobs that might have been created if the corporate tax rate had been left at 10%, the lowest Provincial rate in Canada.

Of course there is always the option of adding to the debt to be transferred to future generations.

(a) The nominal tax increase is 2% (10% to 12%). The cash flow required to pay it augments by 20% – and it’s cash flow that matters to the health of any enterprise. When that diminishes, people get laid off. (b) When investors buy assets within TFSAs, such as equities, market ETFs, preferreds or REITs, the money finds its into the economy, supporting business activities and employment – unless they’re risk-averse like you and just park it in brain-dead bank GICs. You have much to atone for, and no lessons to proffer. — Garth

#274 Ontario's Left Coast on 09.27.15 at 9:30 am

This in today’s Globe… Heaven help us!

You’re the buyers who keep pushing house prices higher in cities such as Vancouver, Toronto and Hamilton. Incomes are edging higher in these cities, prices are surging. If you’re primed to buy anyway, then listen up. Stop trying to save a 20-per-cent down payment and get into the market now.

#275 maxx on 09.27.15 at 10:20 am

#102 IHCTD9 on 09.25.15 at 9:38 pm

#14 Linda on 09.25.15 at 7:06 pm

**Yet, the outgoing CEO of corrupt, lying Volkswagen will receive just that, 60 million (euros) on his way out.

Wow. But why?

Because he is part of the ultra 1% in a catastrophically corrupt world system of capitalist stupidity. A system that has strategically gutted the power of the state to regulate and oversee things over the last thirty years.
—————————————————————-

“Please tell me you own VW stock or are a VW employee?

You’d have a reason to bitch if the guy was being paid public cash, but he’s not.”

Are you saying that auto manufacturers obtain no government, nay, taxpayer appui?

Bitch on…..

#276 Ralph Cramdown on 09.27.15 at 10:36 am

N.B. About VW

The Canada Pension Plan held 7k common shares worth C$2mm and 95k prefs worth C$32mm as of March 31. Does that give Canadians standing to complain, sir?

#277 Kaganovich on 09.27.15 at 10:39 am

Ralph wrote
“As much as I disagree with Garth’s depiction of government spending as ‘overhead’ (as if government spending isn’t private sector income), the qoutation above also forgets about the other side of the equation. Every shareholder who sold shares to a company buyback, and every one who received a dividend, had extra money to invest as he saw fit. Companies which don’t see great opportunities to allocate spare capital SHOULD return it to shareholders, rather than invest it in not-so-great things.

Individual companies can’t solve a general lack of demand in the economy. Say’s Law is wrong; supply does not always create its own demand.”

Not really disagreeing with the point you make Ralph, but a shareholder would most likely have less propensity to spend/create demand than someone with lesser means. Hanauer covers one perspective concerning this conundrum, Garth represents the other, more common interpretation. As near as I can figure, redistributing some of the surplus into those with a higher propensity to spend would create more demand than a few investors madly searching out opportunities signalling strong future demand into which they can invest their wealth.

#278 Russ on 09.27.15 at 10:39 am

MB on 09.27.15 at 3:40 am
3122 of your survey respondents do NOT hate Stephen Harper, and 3141 of your survey respondents will be voting Conservative.
Hmmmmmmmm….
At least 2953 of your 7200 survey respondents think TFSA limits should NOT be rolled back, but will NOT be voting Conservative.

Hmmmmmm… that’s a non-sequitur.

I guess the most important, and unposed question is: How many of the 2207 survey respondents who will be switching party allegiance this election will be switching TO Conservative? My guess is zero which can’t be good for Stephen Harper.
================================

Hey B,

I believe what you have concluded is that the Blog Dogs are a complex group of people.

Kinda like a gourmet granola bar… with nuts!

:)

#279 Nora Lenderby on 09.27.15 at 10:44 am

#266 #noheadsackingincanada on 09.27.15 at 12:34 am
I’ve been to there..and been shot at for your pleasure….witnessed the murder of women first hand….watched an armed woman beat another with whips for wearing the wrong shoes….I’ve also witnessed the same misogynists liberals seem to love so much abusing children. tell me what I missed and why you support that.

If you, a thoughtful and sensitive person, have seen what you say, you are not a rock. You have suffered an injury to your self, your confidence, your trust and your well-being. Please tell me how you are doing.

I take no pleasure in you being shot at. And it has clearly affected you deeply. Like I said in a previous post to someone else, the basic condition of much of humanity was, in the past, waiting around in mud huts for the warlord to come and take all your stuff, including your livestock and family. But most of humanity doesn’t live like that today.

So, let’s bring the discussion back to what is present day reality in Canada. We are not subject to a tide of “Others” who will force us to stop playing rap music* or make mah-jong mandatory.

These are conscious and sub-concious fears that are being played on by marketing psychologists who are selling us something. You are one of those, who for whatever reason, are triggered by fears of what you saw “over there” coming over here. I’m not saying it’s not real in your mind, but it isn’t real here.

The amazing thing to me is the boundless cynicism of people who would manipulate us all, without regard for the real danger to our society. That is, that it falls apart in multiple fratricidal conflicts, encouraged by many decades of economic decline, ecological disasters, invasions, warlords and populist quick-fix-merchants. It happened to the Roman Empire, after all. This is what is going on in the Middle East and parts of Africa.

* Might be a good thing.

#280 Cyclist on 09.27.15 at 10:50 am

261 – prairie person – is that actually legal? Isnt cash good for all debts? I recall a similar discussion in a law class years ago, though I think the scenario was
offering to pay for a $1 item with a $100 bill which the
merchant could not change. Apparently the answer was
that you were free to leave with the item, but the debt
remained.

In my business, it is almost all cheque and CC with larger accounts by direct deposit. My FI charges us a
handling fee for deposits exceeding $1000 cash. But we
still gladly take it.

#281 Keith on 09.27.15 at 10:58 am

How do you know when corporate tax rates are too low?
When this happens
http://business.financialpost.com/news/economy/canadian-corporate-cash-hoard-rises-to-630-billion-in-first-quarter

So much free cash flow they run out of investment opportunities and sit on it. That’s a winner for the economy.

TFSA investments “find their way into the economy.” Not very far if they buy previously issued stocks and bonds, which is the vast majority of non GIC investments. Not a lot of angel investing comes from these vehicles, which would have velocity in the economy.

Garth, what’s the velocity of money given to poor and lower income Canadians, in a 70% consumer spending economy, versus velocity of money sitting idle on corporate balance sheets. Can we alleviate poverty and low income by giving poor and low income people money?

This blog is not about alleviating poverty and “giving poor and low income people money.” It’s about financial independence. If you wait for someone to give you that, you’ll wait forever. — Garth

#282 saskatoon on 09.27.15 at 11:05 am

“You’re the buyers who keep pushing house prices higher in cities such as Vancouver, Toronto and Hamilton. Incomes are edging higher in these cities, prices are surging. If you’re primed to buy anyway, then listen up. Stop trying to save a 20-per-cent down payment and get into the market now.”

http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/some-housing-markets-too-hot-for-traditional-down-payment-wisdom/article26532772/

#283 liquidincalgary on 09.27.15 at 11:43 am

#90 Llewelyn

“The clear message from the Pope was that any ideology that places profits ahead of people is flawed and requires change.”

– Vatican City itself has a rich economy relative to its size. Though data is scarce, and the exact GDP figure is unknown, the CIA estimates Vatican City’s 2011 revenue to be $308m. It only has a population of 800 people, meaning its nominal GDP per capita is $365,796 – making it the richest state on the planet by this measure. –

===========================================

it is also a 50 billion dollar entity

#284 Nora Lenderby on 09.27.15 at 11:43 am

#253 Freedom First on 09.26.15 at 8:47 pm
…miserable people. Married men are the worst.

And yet..one has to value the everyday heroism of people who stick it out and manage to turn small animals into human beings (most of the time).

Let’s face it, it is more than I (or you) could do, for whatever our reasons.

#285 Windsurfer12 on 09.27.15 at 12:13 pm

Garth, regarding your poll. I’m ready to have my opinion slagged by your resident Cognoscienti here, but hey, that’s what it takes to make a market.

It’s reputed that Harper & Co. have legions of communications staff on the payroll who are out there on the blogs, slagging & obfuscating, because popular blogs like this can affect public opinion by appearing to be one way if swamped by enough contrary voices.

Could they have figured out a way to work around your single I.P. address/single vote, in order to stack the results?

Again, I’m a Newb in these matters. But I’ll take the heat if I’m wrong.

The answer is no. — Garth

#286 Llewelyn on 09.27.15 at 12:14 pm

My point was that governments require revenue to provide essential services and since the obsession with free trade and the corresponding reduction in revenue from duties and excise taxes the majority of government income is generated through direct and indirect taxation.

You make it very clear that Canadians who have accumulated wealth should not pay taxes when their wealth is invested.

You also suggest that corporations should not be required to contribute an equitable share of their profits to support the necessary functions of government.

I also get the feeling that you don’t support the compiling additional debt by government as a viable solution.

Even after the accumulation of over $230 billion of additional debt by all levels of government the Canadian economy is shrinking not expanding.

Over the same period the profits generated by major corporations have never been higher. If the trickle down economics you have attached your wagon to actually worked you would certainly expect our unemployment rate to be lower and our economy much stronger. How high do net profits have to get before that trickle becomes evident.

You continually suggest that a vote for the NDP is a vote for additional debt and at the same time criticize a Provincial government that is trying to minimize debt by establishing a corporate tax rate applied by the majority of Provinces in Canada.

I cannot be the only follower of this blog that questions whether low corporate taxes will result in increased employment and economic growth or merely incease the weath of those fortunate enough to have purchased a share of corporate profits.

A statement like this, “You make it very clear that Canadians who have accumulated wealth should not pay taxes when their wealth is invested,” renders you unworthy of debating with. Higher-income Canadians routinely hand over half their incomes in the form of taxation. Giving us all the ability to shelter a small portion of what’s left within a tax-free account (money which has already been heavily taxed) is not tax avoidance. You have lied consistently on this blog, deliberately misrepresenting my statements. This will no longer be supported. — Garth

#287 pathcontrolmonk on 09.27.15 at 12:32 pm

#noheadsackingincanada’s logic paraphrased:

I went to the Middle East, they shot at me and I saw women murdered so I am an authority on the subject and nobody else’s opinion is valid because they haven’t traveled to the Middle East. I came back to Canada and there are people in our midst wearing the same clothes. If we allow Canadians to wear the same clothes as the barbarians in the Middle East, Canada’s cultural integrity will be compromised and we will all be subject to Sharia Law.

So, unless you are an Islamophile mysoginist who wants to see your daughter/sister/mother subjugated by the same murderous psychopaths, you should ignore all critical issues (e.g. economy) and vote for the incumbent who will save us from the barbarians.

#288 SunShowers on 09.27.15 at 12:53 pm

“Nowhere have I said I support any party. But I unabashedly support fiscal responsibility. — Garth”

Does Harper offloading GM shares at a $3.5 billion loss to taxpayers just so he can “balance” the budget just in time to look pretty for the election strike you as a fiscally responsible decision?

I’ve been transparent about pointing out the flaws of all parties. Spare me the rhetorical questions. — Garth

#289 Retired Boomer - WI on 09.27.15 at 1:24 pm

“Nowhere have I said I support any party, but I unabashedly support fiscal responsibility. – Garth”

I can agree 100% with that. I would go further in that your “fiscal responsibility” begins at you. Then, after you have your stuff together – and ONLY when you have your stuff together (a plan that you are working qualifies) can you begin to adequately measure the ‘fiscal responsibility’
of any person seeking to represent your interests.

To act before having gained any sense of your own fiscal habits is to invite mayhem into your world by electing those whose self interests dominate. – OOPS!

#290 Question on 09.27.15 at 1:28 pm

RE: Choices, Sept. 13, 2015

You say that one-third of Canada’s higher income earners are doctors. Back in 2013, the CBC reported that number at 1 in 7 (which also included dentists and veterinarians). “About one in seven one percenters have occupations in the health field, with doctors, dentists and veterinarians figuring prominently in the top income group. A similar share of one percenters came from business and finance areas.” – http://www.cbc.ca/news/canada/who-are-canada-s-top-1-1.1703321

Far be it from me to trust anything on the interwebs, but this reporting seems drastically different from what you put forth and I was wondering where your numbers come from?

There are just over 80,000 doctors and just under 20,000 dentists in Canada. There are 310,000 1%ers. Figure it out. — Garth

#291 TurnerNation on 09.27.15 at 1:35 pm

This VW thing is part of the plan: war on cars. “Major industrial failure”.
Carbon taxes: this was the pope’s message. He’s a NWO salesman.

We are to become broke 2nd would country. Also on agenda, no borders: poverty migration in.

There is a plan and a timeline. Doubt it? Global effort:

From G&M:

“Jacking up Alberta’s carbon tax is the best way to reduce the province’s greenhouse gas emissions from power generation, says a government-funded analysis obtained by The Canadian Press.

Charging large emitters up to $50 a tonne for carbon emissions – an almost 70 per cent increase – would produce the best result, says the report by an international economic consultancy.”

#292 Nagraj on 09.27.15 at 1:46 pm

This PIT OF GRAVITAS is gittin deeper and deeper.

Now we got our gracious host accusing a gracious blogdog of consistently lying, and of deliberate misrepresentation.

I have so obviously failed in trying to lighten the tone around here.

Where are the simple joys of maidenhood?

LLEWELYN has struck me as a man of years and experience, a gentleman, a class act – but it’s not my blog. The charge of lying and misrepresentation is a serious one. This is gittin ugly.
Maybe this upcoming election is more important than I think it is.

#293 Russ on 09.27.15 at 1:59 pm

Question on 09.27.15 at 1:28 pm

… Back in 2013, the CBC reported that number at 1 in 7 (which also included dentists and veterinarians). “About one in seven one percenters have occupations in the health field, with doctors, dentists and veterinarians figuring prominently in the top income group. A similar share of one percenters came from business and finance areas.” – http://www.cbc.ca/news/canada/who-are-canada-s-top-1-1.1703321
==============================

Interesting spin on the 1% club. Is it wealth or income?

The CBC article (linked above) assumes a 1% income earner is rich whereas Garth often refers to the 1% club of financials.

Since it can be either, I suggest we use the terms 1%-I or 1%-F to distinguish between the two.

#294 Daisy Mae on 09.27.15 at 2:20 pm

#288: “Does Harper offloading GM shares at a $3.5 billion loss to taxpayers just so he can “balance” the budget just in time to look pretty for the election strike you as a fiscally responsible decision?”

******************

Harper has done a great deal of damage to Canada with his heavy-handed approach to everything. So now he’s trying to redeem himself — busy bribing all segments of society, while the other two parties are promising to screw things up further….

#295 espressobob on 09.27.15 at 2:25 pm

This link might prove interesting regarding the 1%.

http://tvo.org/video/documentaries/the-super-rich-and-us/the-super-rich-and-us–episode-1

Not really. That British (not Canadian) vid is about the top one-tenth of the 1%. — Garth

#296 NoName on 09.27.15 at 2:45 pm

#285 Windsurfer12 on 09.27.15 at 12:13 pm

British GCHQ, has a solution under code name Karma Police. One system builds profiles showing people’s web browsing histories. Another analyzes instant messenger communications, emails, Skype calls, text messages, cell phone locations, and social media interactions. Separate programs were built to keep tabs on “suspicious” Google searches and usage of Google Maps.

Karma Police, RadioHead

#297 jess on 09.27.15 at 2:54 pm

http://www.cbc.ca/news/canada/who-are-canada-s-top-1-1.1703321

reversal of fortune?
“Among all provinces and territories, Alberta is home to the highest percentage of those with incomes in the top one per cent. One in every 50 Albertans is in this $191,100+ category, with almost one in 30 Calgarians reaching that level.”

#298 Nora Lenderby on 09.27.15 at 2:55 pm

#292 Nagraj on 09.27.15 at 1:46 pm
This PIT OF GRAVITAS is gittin deeper and deeper.
I have so obviously failed in trying to lighten the tone around here. Where are the simple joys of maidenhood?

Probably the same place as the snows of yesteryear, Mr. N.

A plea for calm and compassion? Let’s give it a shot, people.

#299 Freedom First on 09.27.15 at 2:59 pm

Yes. I agree. That being said I don’t have to work with miserable people. I like to enjoy my life every second of every day. Complaining and self-pity is nauseating. I refuse to stay around it.