E-day

PILLOW modified

Election day is a fitting time to stop talking about politics. So I will. For a blog about bikes, babes and balanced portfolios, we’ve already spilled enough ink over this race.

The conclusions seem to be (a) markets and people doing okay will like it if Harper wins because the status quo will stay that way, even if they dislike the guy, (b) the moist and idealistic will (as usual) be happy if the Dippers reign supreme and usher in immediate social justice, (c) the Trudeau Libs have the charisma and momentum to overcome their fantasy economics, and (d) all parties are led by realtor lackeys who will inflate the housing gasbag until it ends badly. Thus, nobody is really looking out for the middle class. They just want their votes. Quelle surprise.

Polls say the Liberals have a reasonable lead but nobody will form a majority. The polls, however, do not adequately factor in vote-splitting within ridings. Thus, in 2011, the Conservatives were able to win a majority government (166 seats) with just 37% of the vote. This is the reality of our first-past-the-post system. It’s also the reason why when Reform came along in 1993 it split the Progressive Conservative vote, electing Liberals and leading to the eventual silencing of the middle-of-the-road conservative voice. That’s how we got Stephen Harper.

As I write this, the Trudeau forces have traction. The other guys are stuck. The uber-long campaign backfired on Mr. Harper, allowing the just-not-ready kid to rise from low expectations and look like a movement, while the old guy wilted into gimmick and extremes (witness the ‘barbaric cultural practices’ hotline). I’d like you to read the letter below, that I received Sunday morning.

From a wealth perspective, however, Trudeau is punitive. Taxes on successful people will rise considerably and nobody who makes under $100,000 will see any break. TFSA contributions will inexplicably be rolled back, a regressive move for our most democratic and universal tax shelter. CPP premiums will rise, costing about $1,000 extra a year and wiping out any middle-class tax break, but possibly benefiting you a few decades down the road. Family income-splitting will be gone, a tough blow for families with a stay-at-home spouse. And the kid will make it far easier to raid RRSPs for real estate, which we’ll all regret later.

Additionally, the country will go back into deficit under the Liberals, probably for a considerably long time. Justin Trudeau is the only leader who has embraced deficit financing, which means our existing debt of almost $613 billion is destined to rise, especially as interest rates in the US creep higher. A Liberal win will likely damage the dollar, fuel inflation and make life a little more difficult for everyone, since wages are going nowhere.

Does this mean the Liberals are undeserving?

trudeau-3 modified

Prior to answering that, read this letter from Henry Vroom. He attended the Liberal rally Saturday night in Winnipeg.

I was at the rally for Justin Trudeau last evening.

As Joanne Levy  (Liberal Candidate) and I approached the area, we could already sense that something big was about to happen. The crowds were not in hundreds, they were in thousands. People parked blocks away and then took the considerable walk back just to become the tail end of a very long line of enthusiastic supporters. All had hoped to hear the message as delivered by one of the most exciting political leaders this country has seen for decades. Some would make it inside the building but most would not.

Inside, the jubilation was loud, sustained and genuine. There was no need to energize these people – they arrived that way.

And then the auditorium exploded in a cheer seldom heard in politics anymore. Justin was on stage.

In a voice diminished by a stupidly long, gruelling race, Justin delivered his message. He spoke of a kind, inclusive government that was designed to benefit the many, not the few; a society that will finally put an end to the horror inflicted on our aboriginal peoples; a boost to the middle class, seniors and children – all of this greeted with wave upon wave of heart-felt support from those in the room.

With the last syllable delivered, he left the stage and worked through the tightly packed crowd to greet the Liberal candidates individually. He knew each by name.

And then he was gone.

What those of us inside the building didn’t know is that, prior to coming into the auditorium, Justin went down the entire line of the thousands of people who were waiting outside on this chilly evening just to hear him speak.

What those of us inside the building didn’t know is that at some point Justin caught wind of a little boy who was in tears because he didn’t get to meet the Liberal leader. Justin has arrived at his plane which is ready for take-off and there are people waiting at his next destination. Yet what does Justin do? Rather than hurry off to his next stop in Edmonton, he had the security staff pick up and drive both father and son to his plane and spent a few minutes talking to the boy one-on-one.

That’s the kind of leader I want for my country.

Sure, Henry’s a partisan working with a Lib candidate in Manitoba. He may have embellished his words and romanticized the message. It’s an election, after all. Only war has higher stakes.

But the last dozen weeks have changed the political landscape of the nation. Fear met hope. The outcome will likely be flawed, even messy. Some of the financial fallout is catalogued above. Get used to it.

If you’re old, recall how things felt in 1968. If you’re young, get a souvenir selfie.

330 comments ↓

#1 TurnerNation on 10.18.15 at 2:33 pm

Big game tomorrow. Jays play, too.

#2 pathcontrolmonk on 10.18.15 at 2:33 pm

Hopefully Canada can now go back to resembling something more Canadian.

#3 JO on 10.18.15 at 2:37 pm

Make no mistake, this is Canada’s Obama moment. The best thing that could happen for the real conservatives in this country for the long term is to have these deluded liberals and closet communists win now. It would be better to see a liberal majority now. Either way a liberal minority or better yet a majority would lead to the destruction of the liberal party for decades to come. Yes it would be scary over the next few years but the LIEberals would ride the economic and financial deterioration down into political collapse as the global economy continues to weaken and destroy most parties in power. I doubt the next winner Monday’s lasts longer than 18-24 months.

Quite frankly all 3 candidates are an embarrassment and the liberal kid has never had a private sector career to talk of.

Canada must, like all others, crash and burn before a real change can occur.

Hang onto your wallets folks. They are coming for them.
JO

#4 CANADA on 10.18.15 at 2:38 pm

Vote Liberal or NDP!

Don’t allow for vote splitting. Vote strategically. Google it.

#5 Randy on 10.18.15 at 2:38 pm

My favourite Trudeau Election Video https://www.facebook.com/VICE/videos/1129534127079844/

#6 rikk on 10.18.15 at 2:38 pm

Nice …

#7 mscroft on 10.18.15 at 2:38 pm

how can someone have majority with 37% of the vote?

#8 CANADA on 10.18.15 at 2:40 pm

hopefully, the ‘first past the post’ voting system is abolished as it can be gamed like last 10 years–> reform + alliance + PC = Conservatives.

Proportional representation will ensure Canada’s place in the world for generations to come.

#9 Love my Kia on 10.18.15 at 2:54 pm

No point in talking about RE and finance til the election winds simmer down. Blog talk on the election will definitely dominate the conversation regardless of what you want to write about.

Go Justin!

#10 Paul on 10.18.15 at 2:58 pm

A MUST READ BEFORE VOTING

HEAVEN AND HELL

While walking down the street one day Justin was tragically hit by a car and died.

His soul arrives in heaven and is met by St. Peter at the entrance.

“Welcome to heaven,” says St. Peter. “Before you settle in, it seems there is a problem. We seldom see a high official around these parts, you see, so we’re not sure what to do with you.”

“No problem, just let me in,” says Justin .

“Well, I’d like to, but I have orders from the higher ups. What we’ll do is have you spend one day in hell and one in heaven. Then you can choose where to spend eternity.”

“Really?, I’ve made up my mind. I want to be in heaven,” says Justin .

“I’m sorry, but we have our rules.”

And with that, St. Peter escorts him to the elevator and he goes down, down, down to hell.

The doors open and he finds himself in the middle of a green golf course. In the distance is a clubhouse and standing in front of it are all his friends and other politicians who had worked with him.

Everyone is very happy and in evening dress. They run to greet him, shake his hand, and reminisce about the good times they had while getting rich at the expense of the people.

They play a friendly game of golf and then dine on lobster, caviar and the finest champagne.

Also present is the devil, who really is a very friendly guy who is having a good time dancing and telling jokes.

They are all having such a good time that before the Justin realizes it, it is time to go.

Everyone gives him a hearty farewell and waves while the elevator rises.

The elevator goes up, up, up and the door reopens in heaven where St. Peter is waiting for him, “Now it’s time to visit heaven…”

So, 24 hours passed with the Senator joining a group of contented souls moving from cloud to cloud, playing the harp and singing. They have a good time and, before he realizes it, the 24 hours have gone by and St. Peter returns.

“Well, then, you’ve spent a day in hell and another in heaven. Now choose your eternity.”

Justin reflects for a minute, then he answers: “Well, I would never have said it before, I mean heaven has been delightful, but I think I would be better off in hell.”

So St. Peter escorts him to the elevator and he goes down, down, down to hell…

Now the doors of the elevator open and he’s in the middle of a barren land covered with waste and garbage. He sees all his friends, dressed in rags, picking up the trash and putting it in black bags as more trash falls from above

The devil comes over to him and puts his arm around his shoulders.

“I don’t understand,” stammers Justin . “Yesterday I was here and there was a golf course and clubhouse, and we ate lobster and caviar, drank champagne, and danced and had a great time. Now there’s just a wasteland full of garbage and my friends look miserable. What happened?”

The devil smiles at him and says:

“Yesterday we were campaigning, Today, you voted..”

#11 omg the original on 10.18.15 at 3:00 pm

#3 JO

Either way a liberal minority or better yet a majority would lead to the destruction of the liberal party for decades to come.
——————–

Wishful thinking.

Remember the Cons were decimated in the early 1990s only to be resurrected back into governing in the mid 2000s.

The Libs were decimated in the mid 2000s only to be at the cusp of power in 2015.

Libs and Cons are here to stay.

The NDP and Greens are fringe.

#12 omg the original on 10.18.15 at 3:04 pm

Markets will like a Lib minority.

Put a rest to the crazy idea that we might have the NDP in charge.

Me, I am holding my nose and voting Con
– sure they are corrupt, duplicitous and power-hungry, but so is every party
– its only obvious when you have the keys to the piggy bank.

If you do not understand that you have the memory of the average Canadian voter.

#13 Arfmooocat on 10.18.15 at 3:05 pm

Your employer legally has to give you three paid, consecutive hours to go vote on Monday…. use it wisely and vote out the dic…tator

#14 Alberta wing-nuts on 10.18.15 at 3:07 pm

Harper brought it upon himself with all the lies in picking out key phrases and then sickly repeating. None of his MPs were allowed to debate a thing. The worst of all was the BS he and Julian Fantino keep repeating about drugs for children at the corner stores. Canadians can only take so much of this Republican puke. Finally, there is a time for evey type of policy even deficit policy of which Larry Summers tells in recent weeks will be the way of the world as the global economies all stuck in a deflationary trap and the only way out may be for governments to take the lead and spend a bit more thus increasing what would be a non existant inflation rate…. Young Trudeau is the right man at the right time in Canada’s history, TFSA or not…

#15 DON on 10.18.15 at 3:08 pm

Back to real estate! Financials

In the 2011 election – for sale/sold signs outnumbered election signs 10-1

This election: One has to pick out the for sale/reduced/sold among the sea of election pickets.

The continued hang over of a one asset strategy for our economy and retirement. The hang over continues.

#16 Basil Fawlty on 10.18.15 at 3:10 pm

It seems that this election has been about small issues, compared to the big ticket items like healthcare, climate change, Bill C51 and the Trans Pacific Partnership. For example, what effect will the TPP have on jobs? How will we pay for healthcare, if the Feds continue to transfer funding responsibility to the Provinces? Instead we are jumping up and down about a couple of head dresses.

#17 Paul on 10.18.15 at 3:11 pm

#13 Arfmooocat on 10.18.15 at 3:05 pm

Your employer legally has to give you three paid, consecutive hours to go vote on Monday…. use it wisely and vote out the dic…tator
————————————————————-
Lol Good thinking maybe next election you will have all day to vote.
Because you won’t have a job!

#18 Jeff B on 10.18.15 at 3:13 pm

Re: #7 mscroft … “how can someone have majority with 37% of the vote?”

Among other things, it’s because we allow voting by people who do not know how our electoral system works.

#19 Randy on 10.18.15 at 3:21 pm

Wynne says she will drop the ORPP if Trudeau is elected. Guess it was just a wedge issue with Harper she was creating to elect Justin.

Do you think she really gives a crap about your retirement ? Is that why they are raising hydro, carbon taxes and other taxes every couple of months ?…..so you can save you own money for your retirement ? …haha…

I guess this means that the Trudeau government will dramatically raise your CPP contributions ?

People will be forced to work to age 75, retiring to collect one month’s CPP pension and then dying. Sounds like a great plan.

But hey, you can still afford to die early and save us some OHIP expense.

#20 For those about to flop... on 10.18.15 at 3:27 pm

I posted this earlier this morning and after reading your post it still rings true to me.
Regarding the events of tomorrow.
It has become clear to all that Canada has tired of SH but I have a suspicion that it will not go the way of the polls with a Lib win.
Here’s my gut feeling…Canada has home ownership rates are around 70% and anyone who has done well via real estate and the cooking of the books to stave off recession after the GFC is more likely to subconsciously thank the Cons in some weird way .
The 30 % that rent …Millennials ,anyone who doesn’t want an anchor and such are more likely to have an axe to grind or are well enough off through their portfolios that they will vote for change for the sake of change.
Fresh face,socialism whatever tickles your fancy people are looking for something different but I have a funny feeling a lot of people want this current debt orgy to continue and will vote with their wallets as they say.

#21 Rainclouds on 10.18.15 at 3:27 pm

It is instructive the “Harper Govt” persisted in following the Karl Rove/ Tea Bagger /negative campaign that allowed Obamas to spend 8 yrs in the White House.

Many parallels.

Cons deserve a beating.

#22 Conservative Riding Majortiy on 10.18.15 at 3:33 pm

In our riding (Prairies) the Conservative Win is a sure bet. So what do I do at the poll? It’s like I get some ice time at the end of a Hockey Game and its 8-1. Voting is great and all rah rah, but whatever I do has zero effect on the outcome.

#23 the day after yesterday on 10.18.15 at 3:34 pm

In this election the advise has been to vote for something that you stand for. Like democracy or scientific leadership or international policy, I don’t know, day care? Me, I will be selfish and vote to have the government pension be reinstated back to age 65. That will have the biggest impact for me.

I don’t have a kid in day care. Just saying,
Cheers,

#24 Sol Orwell on 10.18.15 at 3:42 pm

Sigh. I thought smart people comment here – and then one of the first commentators has to go with “LIEberals.”

It would be nice if grown ups could stop being so damn pithy.

On that note …

> Taxes on successful people will rise considerably

Say I make $150,000 pre-tax. How much are they going from before to after? I find the ‘considerably’ to be a relative phrase.

#25 jakethesnake on 10.18.15 at 3:42 pm

If a voter finds that he can be bought with a couple of measely tax-free percentage points on $20k in a TFSA while dead babies’ corpses are washing up on beaches, then that voter is not mature or responsible enough to be a voter and should yield his basic democratic right (and possibly his citizenship) to those fellow citizens mature enough and adult enough to correctly set the priorities for a modern nation.

#26 2016 census is back baby on 10.18.15 at 3:46 pm

All statisticians and economists rejoice — science is back!

PS I don’t know a single economist that thinks Harper has any idea of what’s he doing. Don’t be fooled by his UofCalgary credentials.

#27 A Yank in BC on 10.18.15 at 3:47 pm

In my opinion, Harper legitimized the Kid and his campaign by spending so much time and effort trying to discredit him. In doing so, he made himself look like a bully, and simultaneously gave the Kid a huge opening to look like the positive and forward-looking candidate. Nice going Steve. All you had to do was stay Prime Ministerial, and you could’ve hung around another couple of years.

#28 triplenet on 10.18.15 at 3:49 pm

Victoria real estate update

I know you are probably just a kid who discovered Zillow and recently read ‘real estate for dummies’, but one day when you get your drivers license maybe you’ll have the opportunity to visit some of the locations of the properties you hi-lite in your posts.
Ever been to Thermal, California?
I have, as it is approximately ,10km from our winter get-away in Palm Desert.
There are a number of economic indicators that will explain the prices/values of your selected homes.
Nova Scotia would be a better choice…although you still would not be employed. Consistently.
1800 sq.ft? Your list is of homes is 1k sf to 1.8k sf.
May I suggest when you’re old enough you enroll in an urban land economics program at a major university.
Enough said.

#29 Quebec behind JT on 10.18.15 at 3:50 pm

BTW Garth – Éric Grenier’s website takes into account vote splitting : http://www.threehundredeight.com/p/canada.html

vote strategically mes amis

For the first time in my adult life I will be proud to call myself a Canadian first tomorrow

#30 David on 10.18.15 at 3:50 pm

Harper might just pull a David Cameron election victory.
Cameron was hugely unpopular, but the regional vote that usually went to Labour looked elsewhere.
Trudeau is Canada’s answer to Dubbyah, the scion of the patrician political class in Ottawa. He loves the middle class but just doesn’t like the smell of the middle class, never mind the 1 in 6 Canadians who live in poverty.
Let’s hope none of our minds have disappeared down an historical memory hole when it comes to the Liberals.

#31 Old stock Canadian on 10.18.15 at 3:53 pm

If any party want to deflate the housing and help the middle class in housing, they can do with a stroke of a pen. Last year there were 200 000 housing starts, when the government issue 200 000 permits, there should be a condition the builder have to finish another 200 000 rental apartment to qualify for the equal number of housing start. It is also help the workers mobility.

#32 Frank on 10.18.15 at 3:55 pm

Taxes on successful people will rise considerably and nobody who makes under $100,000 will see any break.

And those of us who make between $100K and $200K? We’ll be happy! We’ve got our shit together enough to be voters but not enough to the evil 1%. Hear us roar!

#33 Gulf Breeze on 10.18.15 at 3:55 pm

Deficit spending provides stimulus that can create jobs and prevent a Great Depression. Sure a trillion dollar debt looks bad but deficit spending may be the lesser of two evils.

This is not the time to tighten the belts of the impoverished (a huge percentage of the country) through elimination of taxes on capital gains in tfsa accounts.

And Rainclouds — true about Harper’s Rove style campaigning and Cheney style governing, too. But expect an Obama style Trudeau — domestically a moderate, but very much with the U.S style foreign policy. Pols here don’t have a chance.

Strange…bad things seem to happen to pols and governments who stray too far out of line.

#34 Frank on 10.18.15 at 3:57 pm

ustin Trudeau is the only leader who has embraced deficit financing

Naw, he’s the only one who admits to it. The other guys are just blowing smoke at being able to balance the budget in the face of dropping revenue

#35 Mark in Guelph on 10.18.15 at 3:58 pm

“…especially as interest rates in the US creep higher.”

Funniest line of the post! When Garth? The Fed will never raise rates as long as they’re in control of this process. When the bond market wakes up to this con, that’s when rates rise. Until then settle in for another round of QE and new nominal stock market highs.

#36 western observer on 10.18.15 at 4:02 pm

Beware the charismatic leader

There’s zero correlation between being the best talker
and having the best ideas.

#37 Frank on 10.18.15 at 4:03 pm

Prior to answering that, read this letter from Henry Vroom. He attended the Liberal rally Saturday night in Winnipeg.

Sounds like you’ve arrive at the same place I found myself. Not overly sold on Justin’s politics or policy but not willing to reward Harper for his self-aggrandizing behaviour and recognizing that Trudeau, for all his inexperience, seems like a genuinely good man. Hold your nose and vote people.

#38 Garth's friend on 10.18.15 at 4:05 pm

Is Harper the best PM in the world?

http://www.nationalobserver.com/2015/05/18/news/harper-worst-prime-minister-history

#39 saskatoon on 10.18.15 at 4:10 pm

#314 kommykim

yep. watched it.

the thing is:

it’s not just police;

it’s government itself.

#40 One Life To Live on 10.18.15 at 4:11 pm

I remember the 60’s (vaguely). I remember Pierre Elliot Trudeau….and yes I remember Trudeaumania. Fast forward to 2015 and what I see is not Trudeaumania. What is see is 10 years of One Man Rule. Harper’s Rule, My Way Or The Highway Rule. Was Harper the first, probably not. The difference between Harper and the rest was that “the rest” didn’t poke a stick in everyone’s eye when there was a disagreement like Harper did. No, 2015 is not Trudeaumania ….it is more suited to be called Harperphobia and hopefully October 20th ushers it off the political landscape in Canada.

#41 Joe on 10.18.15 at 4:12 pm

Re Joe

The best thing that would happen is a return to democracy, accountability, transparency, and sound economic management–in other words, Stephen Harper will be gone. He will lose the election because of his horrendous performance as a PM. He has a horrible economic record, with Canadian productivity in decline, unemployment rising, manufacturing tapering off…lack of respect for democracy, no moral compass, a third of the people he appointed to the senate are under criminal investigation, he’s prorogued Parliament 4 times to avoid being accountable on the Afhgan detainee issue and again to avoid being implicated over the Senate scandal ,which we all know that he was involved in. The Cons were guilty in making robocals during the election and Investigations revealed the involvement of RackNine Inc., a political consulting firm the Conservatives hired, and Michael Sona, a low-level Conservative party staffer who was sentenced last year to nine months in prison for his role. Two judges found that it was likely other senior Tories were involved.

#42 David on 10.18.15 at 4:13 pm

Watch for a strong Green vote on Vancouver Island tomorrow night. We could do worse than have Elizabeth May is the kingmaker.

#43 nubbers on 10.18.15 at 4:13 pm

True story. A friend of my mother’s apparently nearly ran over Pierre Trudeau with his car in the 60’s (i.e. before Justin was conceived).

I guess some will be wishing that my mum’s friend had not been so quick on the brakes.

#44 The Other Chris on 10.18.15 at 4:13 pm

I’ll confess I’m pretty depressed by the outcome. And I’m not one of Harper’s “team”… I would have been reasonably happy had Mulcair or Harper gotten in.

The only good thing I can see from this is that there will probably be a groundswell of Federal govt. hiring, and I already have a couple of applications submitted for “anticipatory staffing” positions with the feds, and have been watching the open-to-the-public job bank closely. Also probably Federal govt. pay scales will rise noticeably and the sick day reforms will never occur.

But if I was younger or in a line of work where it was easier to move to the US, I’d be gone in a heartbeat. I see no economic growth in the future under Trudeau and Butts, unless you’re in road infrastructure construction in the GTA.

#45 SWL1976 on 10.18.15 at 4:15 pm

A wise man once said…

Democracy is nothing more than a sheep and two wolves voting on what’s for dinner

No matter the outcome of this election, it’s time we as a society stopped celebrating ignorance of the real issues and get on with working together to solve them

Just imagine if people put as much passion and energy into things that actually mattered as they do the blue jay’s making the playoffs

#46 Paul on 10.18.15 at 4:17 pm

#31 Old stock Canadian on 10.18.15 at 3:53 pm

If any party want to deflate the housing and help the middle class in housing, they can do with a stroke of a pen. Last year there were 200 000 housing starts, when the government issue 200 000 permits, there should be a condition the builder have to finish another 200 000 rental apartment to qualify for the equal number of housing start. It is also help the workers mobility
———————————————————-There would be tons of rental stock had the social engineers not introduced Rent controls and given so much power to mobile tenants.That the builders and investor’s put up $400,000 700 sq.ft. Condos instead.
Who are the Mobile ones now Build, Sell, move on repeat!

#47 Joe on 10.18.15 at 4:20 pm

Speaking of economic stewardship:
“The Toronto Star estimates that $500-million has been spent by the Harper government since 2009 promoting its programs – $75-million in 2014 alone. Finance spent $7.5-million on Economic Action Plan ads, Employment and Social Development spent $7-million on a skills initiative campaign, and the CRA spent $6-million on ads about new tax measures. Queen’s University political science professor Jonathan Rose told The Globe and Mail recently: “What’s so egregious is the blatant way that they’re priming the electorate before an election.”

This past March, in an article headlined “Why Canada’s economy is headed off the cliff,” Yale University economics lecturer Vikram Mansharamani argued that Canada is among the most vulnerable large economies in the world. With a high level of consumer debt ($1.82-trillion) that now exceeds GDP ($1.6-trillion), combined with rising housing prices and dropping oil prices, he concluded: “It seems our Crazy Canadian Coyote has run off the cliff.”

#48 old gringo on 10.18.15 at 4:22 pm

Remember, nothing is as good or as bad as it first seems…….well almost!

#49 Tudor on 10.18.15 at 4:24 pm

The NYTimes had a great article about taxing the 1%. Sounds like a solid idea even in the US and I fail to see how the same logic would not apply here:
http://mobile.nytimes.com/2015/10/17/business/putting-numbers-to-a-tax-increase-for-the-rich.html?referer=&_r=0

#50 saskatoon on 10.18.15 at 4:28 pm

“He spoke of a kind, inclusive government…”

increasing state initiated force does not lead to a “kinder” government;

it leads to increased governmental violence.

indicative of just how many hollowed-out, immoral psyches exist in canada.

#51 Michael King on 10.18.15 at 4:29 pm

Long time regular reader and big fan. Sorry to be pedantic Garth but the Conservatives received 39.6% of the vote in 2011. This is according to Nanos Research and Wikipedia. Fellow readers, the following may sound like I’m willing to cut off my nose to spite my face. I’m 62 and retired, my wife and I own our home i.e. no mortgage, our TFSAs are maxed as are our RRSPs. I could be a Conservative voter, no? In the past I have been all over the political map having voted NDP, Liberal and Progressive Conservative but never Conservative as in Harper Conservative. For me it is a matter of morality. If you have not had the time or inclination to plow through Michael Harris’s occasionally tedious Party Of One, I suggest you check out the article linked below. How much illegal, ethically and morally bankrupt and anti-democratic behaviour do we have to witness from President (sic) Steve himself and his gang of thugs before he is voted out of office? I would love the TFSA limit to stay as it is but I also have to look at myself in the mirror every day. Please, think about it.
http://www.theguardian.com/world/2015/oct/15/stephen-harper-master-manipulator

#52 Retired WI Boomer on 10.18.15 at 4:38 pm

I’ve skimmed the comments today. They range from Justin choosing an eternity in hell, to the damnable next few year should so-n-so WIN tomorrow! Horrors!!

Without regard to WHO wins tomorrow, your dream ticket, or hell on earth… YOU are still stuck with your life. Whether wedded bliss and more than enough, or saddled with the detritus of numerous crappy decisions… you have a life to live.

Regardless who won the election, you have choices to make to ensure your tomorrow is more shaped by your hard work than the winds of change.

RE decisions appear to be the most dangerous choices to make as to “buy” some, not so dangerous as to “sell” some. Naturally, that is my own opinion, and I am not in lust with RE. Sure, nice at the right price, but….

Trust the old guy, I did not get here on the ‘value’ of RE, but by small regular savings to things that pay dividends over a good many years. That results in something called “money” and “wealth.” With that, you can buy a house, even several if you must.

Don’t get all juiced over the results of tomorrow, know what your options are to beat the day after tomorrow.

Oh, the Blue Jays better get a move on, or its over…
go Cubs!!!

#53 Dave in NS on 10.18.15 at 4:41 pm

This is very good, Garth. We’ll see the results in about 36 hours….

#54 Don Derc on 10.18.15 at 4:48 pm

The culture of deceit is a Canadian culture and is coming to a town near you….

“the man who works each day for a living, and pays the taxes, and holds the country together has been ignored except on election day” – George Wallace in “The Killing of America (1982) uncut

…and from the “we are so screwed department”…

“those captive to images cast ballots based on how candidates make them feel. They vote for a slogan, a smile, perceived sincerity, and attractiveness, along with the carefully crafted personal narrative of the candidate. It is style and story, not content and fact, that inform mass politics.” – Chris Hedges “Empire of Illusion”

It’s sad I have to quote our American masters…in other words, the Canadian voter really has no credibility…

Meet the new boss, same as the old boss.

#55 Harper equals Bravery on 10.18.15 at 4:50 pm

Yeah, but I am still voting for my leader, Harper. In my former country, we call such leader Uncle. Uncle Harper is a leader who isn’t afraid of war, who stands up to the commies and the terrorists. While the world’s leader cower in fear of Putin’s aggression in Crimea, my uncle looked him in the eyes.

It takes guts and courage to send his country men and women into harm’s way. My uncle isn’t afraid of wars and gunfires.

#56 All The Same on 10.18.15 at 4:56 pm

Sure, Harper has been a conservative dictator for almost 10 years.

But, guess who he followed and copied? – Yup, none other than the Liberal dictator who centralized power in the PMO for just over 10 years from 1993-2003 – Jean Chretien.

#57 Marco on 10.18.15 at 4:57 pm

Thanks Garth,

The photo is fitting.

Harper’s frustration with the “kid” Trudeau. Haha.

Cheers.

#58 Sponge on 10.18.15 at 4:57 pm

The Harper Government regime is toast… Looking forward to getting Canada back on track!

#59 Scumop on 10.18.15 at 5:01 pm

Credibility?

Cons: Promising you the moon and all the cheese on it and there will be no deficit.

NDP: Promising you the moon and all the cheese on it and there will be no deficit.

Libs: Promising you the moon and all the cheese on it and there will be a deficit.

Would it be fair to say that 2 out of 3 politicians are full of it?

#60 mitzerboy aka queencity kid on 10.18.15 at 5:20 pm

Stephen Harper visiting Regina this afternoon

Conservative leader will speak on tarmac at airport

will he free the herb ?

#61 Mark on 10.18.15 at 5:24 pm

I believe that political candidates can be forgiven for a lot of nonsense, but what they can’t be forgiven for is presiding over an incredibly poor quality economy for the past decade.

Yes, lots of riggers and jackscrews got jobs. As did construction workers to support the housing sector. But manufacturing, the IT/tech sector, etc. basically continued to die under the Harper government. There was no coherent strategy for dealing with high unemployment other than changing the EI rules to require that people look for ‘lesser’ jobs than the ones they left.

Paul Martin effectively had the same issue in the early 2000s. I believe he lost the majority, not on account of the Sponsorship Scandal, but rather, because the Canadian economy never really did recover from the crashing of the tech sector.

I suspect that voters are going to roll the dice on Trudeau this time around, and give him an almost-majority. However, if he wants to stick around, the economy desperately will need to be fixed. People are tired of seeing their university-educated kids not being able to find jobs commensurate with their skills and abilities. They’re sick of being on contracts as disposable workers. They’re sick of their employers being reluctant to invest in productivity enhancements. They’re sick of seeing far less educated and responsible people being given the world by the public sector employers while they struggle in dead-end private sector jobs. If I were advising Trudeau, I would tell him that every government policy or action of government must be examined with the view of its suitability towards growing the private sector economy sustainably.

#62 kozman on 10.18.15 at 5:29 pm

Unfortunately, the Liberals seem to singular want to target myself and my family. Let me explain.

Happily Married, with two young children.

I am professionally employed and earn ~250k/year.
The wife stays at home and raises our kids with great joy.
The hours that I have to work to realize my income, is impossible to utilize day care.

So the Libs platform to us:
1. Axe our ‘CanadaChildBenefit’ = $1950/yr loss.
2. Increase our taxes: = $1330/yr increase.
3. Cancel income splitting = $2000 loss.
4. TFSA decrease of contribution room (I have 0 pension)
5. CPP – maybe this is a wash. Hurts now but maybe helps in 30 yrs….

Having already to pay over 100k in taxes, this additional $5280, certainly is not going to feel good.

Increasing personally Taxes is one thing, but to punish a targeting group of people for being a traditional family (one working parent) and having multiple kids, is just insulting (?). I could use much much stronger language….

Still can’t believe that not ONE party advocated an increase in GST. Simplest and lest painful form of revenues generation.

#63 E-day | Realties.ca on 10.18.15 at 5:32 pm

[…] Source: http://www.greaterfool.ca/2015/10/18/e-day/ […]

#64 Leo Trollstoy on 10.18.15 at 5:33 pm

An exciting week ahead!

The federal election is the Liberal’s to lose!

#65 Freedom First on 10.18.15 at 5:36 pm

I like the picture. Having had dogs from puppydom to old age, this picture gave me a good reminder of but one of the many things dogs have taught me. Enjoy every day, live a positive life of joy&freedom, and worry about nothing.

I do not get excited over any Politician, I simply do what is best for me and help others. It is a simple unbelievably rewarding habit forming way of living that works well on a daily basis. Most people build their own prisons of misery. I find it baffling. Even insane.

#66 Ralph Cramdown on 10.18.15 at 5:38 pm

This is the strangest end to a campaign that I can remember. Trudeaumania II? It may develop, but a month or two ago he was tied with Tom Mulcair, and right now, I think he’s just “not that other guy” for many. Of course, JFK (mentioned by a commenter yesterday) started by winning the popular vote by a very narrow margin, and carried fewer states than Nixon.

No, the papers in the last week have been filled not with double truck photos of Trudeau’s adoring crowds, but with vivisections of the Harper campaign. More like autopsies, but before the corpse has been officially pronounced dead. I don’t recall anything like it. As part of my own somewhat ghoulish probings, Icame across this long-form piece about Harper’s campaign manager, from last May:
http://www.theglobeandmail.com/news/politics/meet-the-woman-driving-harpers-re-election-campaign/article24699535/

It’s an interesting bookend to the columnist’s piece this weekend on the parties’ get out the vote efforts:
http://www.theglobeandmail.com/news/politics/game-on-each-partys-final-push-to-get-voters-to-thepolls/article26843129/

On a family outing yesterday, I had the strangest coincidence. I saw lots of lawn signs, mostly NDP but some Liberal (don’t worry dear readers, I was in mufti, having left my top hat at home). I saw a young couple having wedding pictures done in the park. I saw sheep, goats, chickens and pigs. And then, taking me completely by surprise, I came across Jack Layton’s grave.

To elections, friends. To elections past and future. May the best candidates win, and may even the worst of them be better and wiser than we rabble.

#67 BS on 10.18.15 at 5:39 pm

From a wealth perspective, however, Trudeau is punitive. Taxes on successful people will rise considerably and nobody who makes under $100,000 will see any break. TFSA contributions will inexplicably be rolled back, a regressive move for our most democratic and universal tax shelter. CPP premiums will rise, costing about $1,000 extra a year and wiping out any middle-class tax break, but possibly benefiting you a few decades down the road.

Actually Trudeau’s tax increases are easily avoided by most of the 1%. Anyone who runs their own business as a corporation (most of the 1%) can income split and between a couple (through taking dividends) can draw close to $500K every year and pay the same taxes. Drawing $400K or less and they will actually pay less in income taxes with the Trudeau plan. The only people who will pay more is the top 1/10th of the 1%. However, the 1/10th of the 1% have so many options for avoiding taxes and there are so few of them this amounts to almost nothing as far as tax revenue and may actually decrease it.

Trudeau has also said he will reduce taxes for small business. Not sure if he follows through with that but if he does that is another tax break for the 1% who own those small businesses.

Plus with dividends as compensation a corporation owner pays no personal CPP premiums but those that paid CPP in the past will likely get an increase in CPP benefits at retirement. A extra benefit they will have paid nothing towards because they don’t have to pay CPP after premiums go up.

All of the above paid for by the middle class.

I guess it won’t be so bad having a dumb guy as Prime Minister. Not for the 1% anyway.

#68 Ret on 10.18.15 at 5:41 pm

Sorry to disappoint you bloggers, but I don’t give a rat’s about who you are voting for tomorrow or for your self-centered, pathetic, warped view of the world reasons for doing so.

#69 GET OUT AND VOTE HARPER OUT on 10.18.15 at 5:45 pm

As you saw Harper will hang out with Crack heads if it would get him a vote. Harper is evil. Harper is a sell out. Harper has ruined Canada’s reputation in the world. Harper signed secret trade deals. Harper has ran over $600 BILLION dollars in deficits over the years. We can go on and on about Harper being a control freak and kicking out true blue real conservatives like Garth turner. You want that mentally ill man Harper out? Vote strategic. Don’t throw your vote away to the NDP unless they have a shot at beating a CON. My riding is a close race between Liberals and CONs. So close in fact the evil CONs won by 16 votes last time (I voted NDP but this time I vote Liberals) . Canadians have to take back Canada before it’s to late.

#70 NetCentric on 10.18.15 at 5:46 pm

I’d be interested in your thoughts re the following Bloomberg article Garth.

“Stretching back to 1922 and the time of William Lyon Mackenzie King’s first term in office, stock returns have been three times higher under Liberal prime ministers than with Conservative leaders, according to monthly data to August 2015 compiled by Bloomberg from TMX Group Ltd., operator of the Toronto Stock Exchange.”

http://www.bloomberg.com/news/articles/2015-10-13/for-canada-investors-liberals-have-been-better-bet-than-tories

Means little. Libs have often been voted into office as the economy improves following Cons cleaning things up after the last batch of Libs. — Garth

#71 2 Sleeps to an NDP Government! on 10.18.15 at 5:55 pm

Wake up Tuesday morning to a truly capable and progressive government, led by none of the old party insiders – a government for Canadians!

Give (ND)P’s a chance!!!!

#72 Economic growth on 10.18.15 at 5:55 pm

#44

But if I was younger or in a line of work where it was easier to move to the US, I’d be gone in a heartbeat. I see no economic growth in the future under Trudeau and Butts, unless you’re in road infrastructure construction in the GTA.

What growth did Harper give you?

#73 $10000 TFSA ? on 10.18.15 at 5:56 pm

Quick question Garth …
If the Libs (or Dems) win a minority can they unilateraliy change the TFSA rules as a minority government?

In a budget, backed by a ways and means measure. — Garth

#74 Kreditanstalt on 10.18.15 at 5:58 pm

I’ve already voted (advance poll) Marxist-Leninist…out of sheer desperation at being denied a real choice.

For the life of me, I can’t detect a significant difference among any of the four main parties. All will spend more. All will pay off their respective client groups. All will expand the size, scope and funding of government.

None of them are remotely capitalist. None have any commitment to sound money. (None know what it is.) None will downsize government. None have any concept of individual liberty.

I probably shouldn’t even have bothered voting…

#75 lee on 10.18.15 at 6:03 pm

Will Trudeau be taken seriously by World leaders or will guys like Putin see him as a kid?

#76 TurnerNation on 10.18.15 at 6:03 pm

Drive by poll…area NW of Dufferin/Lawrence a sea of red and orange signs and multi family units.

South of there, a wall of Joe Owe signs. He’s picked up on a certain orthodoxy, it appears.

#77 Gray Man on 10.18.15 at 6:11 pm

For some insight on world events and remember we are part of it , may influence your vote .
http://www.paulcraigroberts.org/2015/10/17/the-fall-of-the-unipower/

#78 SunShowers on 10.18.15 at 6:11 pm

#7 mscroft on 10.18.15 at 2:38 pm
how can someone have majority with 37% of the vote?

————————————————

Because as Garth said, our First Past the Post electoral systems allows it. It’s unfair and undemocratic, which is why I’m voting strategically to defeat the Conservative MP in my swing riding.

The Conservatives are the only party that have NOT committed to modernizing our electoral system and ditching First Past the Post (which would eliminate phony 37% “majorities” and strategic voting as well).

#79 Figmund Sreaud on 10.18.15 at 6:11 pm

No matter what end result will be after tomorrow’s election, … I, certainly ’em looking forward towards the renewed phase in the political life of my country, … more partisan bullying, more knee-jerk hostility, more false bravado and strategic divisiveness as the principal features of our democratic culture. Bah, …

F.S. – Calgary, Alberta.

#80 OXI in GREECE !! on 10.18.15 at 6:14 pm

As usual. No one to vote for except for 3 dictators none of whom pledged to cut the size of govt which is 120% bigger than Germanys.

Welcome to Canada…..

#81 MSM-Free Zone on 10.18.15 at 6:14 pm

Thanks for the (not surprisingly) balanced blog today, and over the last 77 days.

I’m just ready.

#82 Terrorist Destroyer on 10.18.15 at 6:16 pm

Justin will lick [email protected]& to get in power that is what he is doing. All those voting for Justin if he wins I would like to hear what you have to say after 4 years of reign. I bet it would not be nice words.

May God have mercy on Canada if the Liberals win. But they wouldn’t I am voting and so is my entire family PC AGAIN.

#83 Patrick on 10.18.15 at 6:19 pm

#44 The Other Chris on 10.18.15 at 4:13 pm

“But if I was younger or in a line of work where it was easier to move to the US, I’d be gone in a heartbeat. ”
____________________________________________

Cheaper housing & better pay. I’m already looking at making the move south.

I think the sunshine will agree with me. I’m not into snowboarding, the Leafs suck and frankly, I find Americans quite friendly.

Plus the major telecoms don’t treat their customers with outright contempt.

#84 common sense on 10.18.15 at 6:25 pm

Nice post that confirms my thoughts on JT.

Basically he comes across as a Nice guy who wants to help the majority in financial trouble and give hope to the golden egg of home ownership instead of the so called 1% who are perceived often wrongly as Evil. ”

In this day and age where it seems no one seems to care, most people are over extended (sometimes at no fault of their own) and are struggling to make ends meet, here comes a guy who projects “I sincerely care”.

To those without, someone who cares when many do not seems the natural and simple path to victory…

And no I did not vote Liberal.

#85 conan on 10.18.15 at 6:25 pm

Prediction time

Liberals will get a majority.
Quebec and Ontario come through and
BC takes them over the magic number.

#86 Nagraj on 10.18.15 at 6:26 pm

“The outcome will likely be flawed, even messy.”

Well, if nobody gits a majority of seats, enter a particularly thoughtful Governor General . . .

I assume the ed board of the G&M thinks the GG should be swayed – in the event of a Con plurality – to assent to a Con gov’t on the grounds that Harper will expeditiously resign and be swiftly replaced. I assume that desperate idea is behind their oh-so-clever editorial endorsing the Cons but not Harper.

But, thanks be to goodness, current polling suggests a Liberal, not Con plurality.

I keep thinking that political instability must needs follow economic instability.
#47 JOE quoting a Yale prof saying that the Canadian Coyote has run off the cliff – is quite apt.

#87 David on 10.18.15 at 6:30 pm

A different David from #30, 42.

So what exactly is your prescription for getting the economy growing? Your aversion to accommodative monetary policy and fiscal policy seems ridiculous. You want what, export-led growth? But tighter monetary policy to reduce the Loonie’s competitiveness with our largest trading partner?

The deficit spending the Liberals plan to engage in is one of the reasons I’m voting for them. The public debt is just not an issue right now. As I’ve linked to before, the IMF’s own research suggests as much:
http://www.imf.org/external/pubs/ft/sdn/2015/sdn1510.pdf
For commentary:
https://flipchartfairytales.wordpress.com/2015/06/05/how-big-a-problem-is-the-uks-public-debt/

Are Larry Summers and Paul Krugman cranks to you? We need growth, what’s your recipe for achieving it?

#88 The Other Chris on 10.18.15 at 6:32 pm

@57 Patrick

I wish I could join you. Unfortunately in my line of work it’s harder to move south, so the next best thing is getting in with the federal government. There’s no future in the private sector in Canada, not for years. (I think it’s harder for Canadians not in Ontario to understand just how dire the private sector environment can get under a Butts-style regime.) I see that there’s life in tech, but I’m not in tech myself, and if I was, I would be heading south.

#89 Entrepreneur on 10.18.15 at 6:33 pm

Elections Canada should not display polls before an election because it is causing people to vote for the party and not for the candidate of their community. Polls are nothing but a gong show. Stick with issues.

The Liberals preyed on “group emotions” with the polls then slowly built-it-up, a Tom Sawyer trick. First the marijuana from the start to strategic Liberal areas to look good (plus Conservative hatred). Ontario has mostly been Liberal. Did the polls help with this strategy? Will Trudeau be worse than Harper (reporter on news mentioned) or the same as Harper? Trudeau did say on a talk show that small business are people who are trying to avoid paying taxes (so he is out for me).

As Tom Mulcair of the NDP said today with the latest Liberal scandal with Gagnair? that the Liberals are back with their old tricks (or similar). Notice that not much is mentioned here. A Liberal, is a liberal, is a liberal.

I am wearing my mosaic jacket tomorrow. Voting to protect our resources and the people that live here. Quit shipping logs, oil, jobs (what next) off to other countries. We need jobs for our Canadian youth right here in our homeland. The NDP and the Green Party agree on this one. I will be voting NDP, the least evil of the three.

#90 TurnerNation on 10.18.15 at 6:37 pm

http://www.postcity.com/Eat-Shop-Do/Do/October-2015/Video-released-of-reaction-to-Leaside-homeless-shelter-hoax/

“Video released of reaction to Leaside homeless shelter hoax”

……………………

Why Rich fear the Poor: looking ridiculous in $3000 suits, $5000 handbags, $500 sunglasses, $150,000 cars, 5000 sq foot houses for two or three occupants.

Out of sight is out of kind(ness).

In fairness, people who spend $1.5 million for houses in that hood can be excused for wanting little change. Wouldn’t you? — Garth

#91 MSM-Free Zone on 10.18.15 at 6:40 pm

#39 saskatoon on 10.18.15 at 4:10 pm

#49 saskatoon on 10.18.15 at 4:28 pm
________________________

Are you sure we’re living in the same country?

Have a look out your own window right now and tell me what you see:
(a) rainforest?
(b) big nasty snakes?
(c) small khaki dudes carrying AK-47’s?

Me? Looking outside right now, I’m about to see:
(d) Hallowe’en,
(e) snow,
(f) Christmas
(g) perhaps, in no particular order.

Inquiring minds need to know…

#92 Mocha on 10.18.15 at 6:41 pm

#25

I love it:

“Agree with my political opinions or else you not only lose your right to vote, you also lose your citizenship.”

What about prison too? I mean… Why not? They disagree with you…

#93 Linda on 10.18.15 at 6:42 pm

If the Liberals do end up the new gov’t – by no means a certainty – the deficit financing will be the same old, since the Conservatives inherited a surplus from the Liberals (9 years of it, 7 under Chretien; 2 under Martin) which they then proceeded to turn into 8 years of consecutive deficits. Only this year did they finally declare a surplus & that only after some creative accounting including raiding the EI fund to the tune of a billion bucks. So if the Libs do get in deficit governance is hardly the end times. Given that the proposals by various parties (including the Cons) for economic stimulus will almost certainly result in deficits as borrowing is done to stimulate the economy & given that the USA did this & is now presumably reaping the rewards of taking on all that new debt with its much improved economic performance, if Canada does the same with much the same result (& miracle of miracles, possibly ends up with much improved infrastructure all around) it seems not so bad, with the horrible exception of that hideous new debt.

#94 Figmund Sreaud on 10.18.15 at 6:47 pm

The conclusion seems to be …
_______________________

… the reality! Consider:

The three parties, for vast majority of practical purposes, are pretty well nearly identical ( … other than, the most obvious, the colour of their respective shorts they sport!) and are so constructed and arranged that the people can, if they collectively wish, proverbially “throw the bums out” at any election, … without leading to any profound or extensive shifts in policy! History suggests to us so, …

Anyway, … post Monday’s election, the task will remin – for the winner – to keep in tact long established policies that are considered vital and necessary for Canada, … and that these are not subjects of significant disagreement, but are disputable only in details of procedure, priority, or method.

… just sayin’.

F.S. – Calgary, Alberta.

#95 kommykim on 10.18.15 at 7:01 pm

RE:

Additionally, the country will go back into deficit under the Liberals, probably for a considerably long time.

Ummm. How many deficits in a row have we had under Harper’s watch again?

RE:

Justin Trudeau is the only leader who has embraced deficit financing, which means our existing debt of almost $613 billion is destined to rise, especially as interest rates in the US creep higher.

He’s the only one who is being honest about it. The debt under Harper has increased by $150 Billion! Hardly a record to hold up as a shining example of fiscal responsibility.

The present Con government increased the debt by $170 billion, actually. I am certainly not holding it up as an example of anything, merely stating if the Liberals win, many more deficits are coming. Voters, like you, need to shed their blinkers. — Garth

#96 paul a on 10.18.15 at 7:01 pm

if you are reading this blog, get out and vote period. don’t bother bitching later if you don’t.

#97 Gray Man on 10.18.15 at 7:03 pm

I hope this becomes a trend, I have a few pre 65 silver coin I saved since I was kid in California , could go to McDs with my 25 cents and get a burger fries and coke . Real food back then too good times!

http://www.theblaze.com/stories/2013/06/28/the-fascinating-reason-why-a-wis-restaurant-gives-huge-discounts-to-customers-who-pay-with-coins-minted-before-1965/

#98 the Jaguar on 10.18.15 at 7:07 pm

What’s obvious to me is how much Garth loves and probably misses this political fracas. It’s painful at times, soul wrenching, but exciting non the less, huh Garth? Whoever wins, ties or loses, at least this one has demonstrated a little more engagement on the part of the electorate.
Stephen Harper says his favourite television show is ‘Elementary”. Me too. Guess he gets my vote.

#99 paul a on 10.18.15 at 7:10 pm

the quick follow up, not sure why any of the leaders want the job, kinda like being made captain of the titanic just before it hits the iceberg, economy is a train wreck, real estate is a Disney world of fantasy and broken dreams and government (we the taxpayers) insured stupidity that will come back to haunt us sooner than later. we need a none of the above vote rule in this country!

#100 Bottoms_Up on 10.18.15 at 7:11 pm

#13 Arfmooocat on 10.18.15 at 3:05 pm
——————————
You can only get time off to vote if your working hours do not allow for a 3-hr voting window.

#101 John in Mtl on 10.18.15 at 7:11 pm

And so Trudeaumania sweeps Canada once again.

Oh, Fuddle Duddle!

#102 Lorne on 10.18.15 at 7:17 pm

#62 kozman
Unfortunately, the Liberals seem to singular want to target myself and my family. Let me explain.

Happily Married, with two young children.

I am professionally employed and earn ~250k/year.
The wife stays at home and raises our kids with great joy.
The hours that I have to work to realize my income, is impossible to utilize day care.

So the Libs platform to us:
1. Axe our ‘CanadaChildBenefit’ = $1950/yr loss.
2. Increase our taxes: = $1330/yr increase.
3. Cancel income splitting = $2000 loss.
4. TFSA decrease of contribution room (I have 0 pension)
5. CPP – maybe this is a wash. Hurts now but maybe helps in 30 yrs….

Having already to pay over 100k in taxes, this additional $5280, certainly is not going to feel good.

Increasing personally Taxes is one thing, but to punish a targeting group of people for being a traditional family (one working parent) and having multiple kids, is just insulting (?). I could use much much stronger language….

Still can’t believe that not ONE party advocated an increase in GST. Simplest and lest painful form of revenues generation.
………..
Hard to feel sorry for you …but I do like your last statement….would have been a good idea…but nobody had the guts to suggest this…what does that tell you?

I am hopeful that after tomorrow we can revert back to the “Government of Canada”!

#103 kommykim on 10.18.15 at 7:19 pm

RE:

#39 saskatoon on 10.18.15 at 4:10 pm
#314 kommykim
yep. watched it.
the thing is:
it’s not just police;
it’s government itself.

Whenever you get a group of people together, there will always be someone who tries to take advantage of others by seizing power and control. Since there are too many of us, for each to strike out on their own into the woods alone, what do you suggest?

#104 Mark on 10.18.15 at 7:20 pm

“I am professionally employed and earn ~250k/year.
The wife stays at home and raises our kids with great joy.
The hours that I have to work to realize my income, is impossible to utilize day care.

If you make that much money, sounds like you should be sitting down with a tax planner and structuring your professional affairs such that you can employ your wife in at least some capacity. If not just to do your books and provide professional support. Your investing certainly can create a low-taxed income stream for your wife. There are tons of ways, without explicit Harper-style ‘income splitting’, to actually benefit your family as a high income professional. Harper-style “income splitting” is largely aimed at the middle class, not really families like yours who already had access to a plethora of tools to achieve such.

““Stretching back to 1922 and the time of William Lyon Mackenzie King’s first term in office, stock returns have been three times higher under Liberal prime ministers than with Conservative leaders”

Good to see someone with a reference for this. I’ve pointed out countless times on this blog that the Canadian economy actually performed very well when the Liberals came to power in the 1990s. In a resource sector depression, and housing sector downturn no less. The most recent Conservative government’s policies have really catered towards small “mom and pop” businesses, but have done little for ‘big’ business which now faces punitive taxation relative to small business, an increasing regulatory burden, and poor access to capital on account of the government’s induction of a credit preference, through the CMHC, towards RE investment.

High-income earners who are employees almost invariably cannot split income with spouses. — Garth

#105 Vanreal on 10.18.15 at 7:21 pm

From a wealth perspective, however, Trudeau is punitive. Taxes on successful people will rise considerably and nobody who makes under $100,000 will see any break. TFSA contributions will inexplicably be rolled back, a regressive move for our most democratic and universal tax shelter. CPP premiums will rise, costing about $1,000 extra a year and wiping out any middle-class tax break, but possibly benefiting you a few decades down the road. Family income-splitting will be gone, a tough blow for families with a stay-at-home spouse. And the kid will make it far easier to raid RRSPs for real estate, which we’ll all regret later.

———————————————–

That’s what you don’t seem to get Garth. Income splitting benefits the wealthy families that can afford to have only one breadwinner. TFSAs only benefit those families with enough extra income at the end of each month to contribute. They aren’t democratic and universal.

Lots of families would like to have a stay-at-home spouse, and income-splitting would allow that to happen in more cases. As for the TFSA, it has been turned into a political football by the short-sighted, the exploitative and the clueless. It is far less regressive than the RRSP, and available for your whole life as the best possible retirement vehicle, whether you can utilize it now or later. — Garth

#106 Washed Up Lawyer on 10.18.15 at 7:21 pm

The last month has illustrated to this Calgarian a few aspects about this great country. There has been a big construction project on the street I rent on here in Fort McMurray. The replacement of the water mains required the removal of an immense amount of dirt. The frost line here is pretty deep.

I go out to have a smoke and chat with the hard working folks. The heavy equipment operators, swampers and traffic control gals were all from Nfld. and Lab. Friendly, laughing and very hard working. Habs and Leaf fans.

Next came the concrete workers pouring the new sidewalks. From different nations all around the world. Grueling work. Nary a word of English or French was spoken and that is good.

Today on the finishing work, Quebecois. With my fractured French, I made a young guy’s face light up when I mentioned Beliveau and he proudly stated he was from the same home town of Victoriaville. We talked about the relative merits of wood and composite sticks. His older colleague corrected us on the career of Lafleur (Rangers before Nordiques).

All beautiful people. All away from home making good wages. And boy do they earn it.

We are quite lucky. Vote.

#107 Randy on 10.18.15 at 7:22 pm

The Underground Economy will continue to grow regardless of what happens to the Canadian Economy. It’s OK.

#108 Daisy Mae on 10.18.15 at 7:23 pm

“Taxes on successful people will rise considerably and nobody who makes under $100,000 will see any break….”

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

‘Can’t count your chickens before they hatch.’ ‘Promises are made to be broken’. We can’t know the outcome until tomorrow night after polls close. It has been a very long ordeal….

#109 Mark on 10.18.15 at 7:24 pm

“I am certainly not holding it up as an example of anything, merely stating if the Liberals win, many more deficits are coming. Voters, like you, need to shed their blinkers. — Garth”

And what makes anyone think the Tories could avoid future deficits? Especially as the CMHC starts unwinding in a big way and contingent liabilities start turning into actual liabilities?

Its awfully rich for a government that has run a cumulative deficit of over $170B, in a record low interest rate environment no less, to claim that they magically will be able to turn the ship around when it is running straight for the iceberg inherent in falling housing prices.

#110 Mark on 10.18.15 at 7:26 pm

“High-income earners who are employees almost invariably cannot split income with spouses. — Garth”

They just need to sit down with their employers and work something out. Happens all the time for employees at such levels in the private sector. Additionally, investment within the family can be structured to favour income creation by the non-working spouse. And a family with a $250k/year income earner should have plenty available for such.

You obviously have never been in that situation. Give up before you embarrass yourself further. — Garth

#111 Stevladimir Harputin on 10.18.15 at 7:26 pm

Friends, comrades, let me be clear.

It was, I admit, an oddly charming undertaking Thursday when Garth cloyingly released his own poll, showing a powerful mass of you who love me and want me back, as well you should.

Today Garth has realized he may have gone a bit far in his public support of me, so seems to be building up Justin’s prospects a tad here. Putting on his usual niqab of game playing.

Do not be confused. Mr. Turner remains a worshipping sycophant at my boots. He knows I am the best choice for Canada.

And Garth, in spite of your obvious support of me of late, it will get you nowhere. I still despise you and what you stand for, your silly illusions of integrity, and I will destroy your public brand even more after I am re-elected.

Which I will be. Pay no attention to any published results tomorrow, I will still be in charge, no matter what. I work the levers of our system better than anyone, with a little help from my friends, and have o plans to relinquish power. (Besides, it may be necessary for us to go to war soon, and a change of government would simply be too destabilizing)

Any of you commenters who have been deleted or otherwise bullied by Garth, I invite you to call the Barbaric Cultural Practices Tipline with all the details.

The opposition, and Mr. Turner, will soon be dealt with.

Conclusively.

Today is October 18, and tomorrow is election day.

I am your leader, Stevladimir Harputin.

Do as you are told.

#112 For those about to flop... on 10.18.15 at 7:29 pm

Debt free….check
No mortgage … Check(some people don’t think this is debt)
No kids……check
Will have to go to work Tuesday no matter what…check
Income spitting ,childcare and all the other promises …. Check
Have at it boys ,no matter who gets in the over leveraged are in for a wake up call long in the making.
My life is no paradise but it’s no debt hell either.

#113 ANON on 10.18.15 at 7:32 pm

Who gets to be the saviour? The water walking alpha we get to vent upon? Inquiring minds want to know, already! The poisoned chalice awaits, it is getting stale and losing its lustre.

#114 Daisy Mae on 10.18.15 at 7:40 pm

#9: “No point in talking about RE and finance til the election winds simmer down. Blog talk on the election will definitely dominate the conversation regardless of what you want to write about.”

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

I think Garth knows that — he was being facetious.

#115 live within your means on 10.18.15 at 7:42 pm

Well hubby & I will go to vote tomorrow afternoon and it will be for Justin. When I lived in Ottawa eons ago, his father was the PM. I worked for External Affairs at the time & later posted to NATO in Brussels. I grew up in Quebec & admired his father greatly. My hubby is from France & has dual citizenship. I will never forget Charles De Gaulle in a big limousine standing up & saying Vive le Quebec Libre. I had to get off the bus & walk to my parents’ apartment.

#116 MSM-Free Zone on 10.18.15 at 7:43 pm

“….As for the TFSA, it has been turned into a political football by the short-sighted, the exploitative and the clueless. It is far less regressive than the RRSP, and available for your whole life as the best possible retirement vehicle, whether you can utilize it now or later. — Garth…..”
_________________________

Can’t argue with that.

Not to mention the fact that the current RRSP contribution limits are extremely punitive to those who belong to a DB pension (I feel sorry for the poor souls at Stelco who lost everything, yet were prevented from contributing in any meaningful way to a backup RRSP).

The TFSA is not subject to such contribution discrimination and is available equally to everyone without retribution, even though the higher contribution limits obviously benefit a smaller percentage of the population.

#117 BS on 10.18.15 at 7:47 pm

They just need to sit down with their employers and work something out. Happens all the time for employees at such levels in the private sector.

No this does not happen all the time. Companies will not just selectively make certain employees private contractors. This would be too complicated for most companies to even consider. It would not pass a CRA audit either. To be self employed you cannot just work for one company. As an employee switching to a contractor you would also be giving up potential for severance pay should the company decide they no longer need you. A private contractor gets nothing when a company cuts ties. Severance pay for an employee could be up to $500K for a person making $250K after only a few years of work. Not something you want to give up.

Additionally, investment within the family can be structured to favour income creation by the non-working spouse. And a family with a $250k/year income earner should have plenty available for such.

Wrong again. You cannot just make your spouse an employee unless it is a needed position and you cannot overpay for the job done. Wouldn’t get past CRA in a audit.

This guy just makes it up. — Garth

#118 saskatoon on 10.18.15 at 7:47 pm

#91 MSM-Free Zone

government taxation IS the initiation of force;

your hyperbole is unwarranted and, frankly, naive.

#103 kommykim

i suggest you start by allowing your beliefs to flow confidently from just principles.

of course, there will always be those looking for power.

the difference is this: when these people come together and call themselves government–the initiation of theft and violence is “legitimized”.

principle: the initiation of force is ALWAYS WRONG; just because a small group of people gather and call themselves “government”, does not change this.

#119 kommykim on 10.18.15 at 7:48 pm

RE:

The present Con government increased the debt by $170 billion, actually. I am certainly not holding it up as an example of anything, merely stating if the Liberals win, many more deficits are coming. Voters, like you, need to shed their blinkers. — Garth

170 billion! Gawd, it’s worse than I thought.
The cons have created this deficit environment themselves by cutting taxes to the bone without cutting spending by an equal amount. They never should have cut taxes so deeply when to economy was doing OK.
Don’t you agree that a government should act as a damper on the business cycle, by spending in recession and cutting in boom times, to even out the ride? To me, the CONs have done the wrong thing and amplified the gyrations of the economy by cutting taxes in boom times and doing nothing in recession.
Besides, I for one don’t believe that the CONs have posted a surplus at all. I am old enough to have seen too many pre-election surpluses turn into deficits once the books are audited.

#120 VICTORIA TEA PARTY on 10.18.15 at 7:48 pm

WHAT ABOUT THE JEWISH VOTE?

This campaign has seen only the Prime Minister speak in unerring support of the State of Israel.

That always-at-war country is facing an intifada that is likely the most serious internal fight of its existence.

Prime Minister Netanyahu said the other day that his country is in a very parlous state.

Where have the two main Opposition candidates, Trudeau and Mulcair, been in all of this?

Nowhere that I can tell.

It is politically incorrect to be supportive of Israel these days because the “other” side has bigger and better grievances so any violent civil disobedience against the Jewish State is just fine.

Making matters worse is President Obama’s laissez-faire attitude toward the entire Middle East now that Hezbollah, Syria’s president, Iran, Russia, and China are busy redrawing the whose-in-charge scene while the Yanks are AWOL. Is it STILL only about the oil?

This is nothing but bad news for Israel which, it looks like to me, is being hung out to dry by its best so-called “friends.” Some friends indeed.

So, back to the end of our election campaign and whither the Canadian Jewish vote?

It will probably be impossible to determine, but if there is a Tory re-election then that vote could have been a factor.

#121 Freedom First on 10.18.15 at 7:49 pm

#111 Stevladimir Harputin

Do as I am told? I voted for you. However, do as I am told? Sorry, no. You can’t b#6*h at me. You’re not my wife.

#122 Ray Skunk on 10.18.15 at 7:50 pm

#61 Mark

They’re sick of seeing far less educated and responsible people being given the world by the public sector employers while they struggle in dead-end private sector jobs.

And you think that Trudeau will improve the private sector situation?
The same Trudeau that is in bed with Kathleen Wynne?
The same Trudeau that is being advised by Gerald Butts, the adviser to Dalton McGuinty?

If Trudeau gets in, public sector employment – using Ontario as the playbook – will rise massively. Trudeau will use his deficit promises to fund a massive PS voting bloc who, thanks to their taxpayer-fed unions, will consistently return to power the hand that feeds, no matter how corrupt. See Ontario teachers, OPP, hydro workers, explosive Metrolinx as examples.

And the private sector? More red tape (WSIB, College of Trades), more expense (expanded CPP/ORPP), higher hydro rates to name but a few.

The wedge between the public sector haves and the private sector have-nots will drive deeper than ever before.

Let’s face facts – Harper is an absolute cretin. However, having seen the destruction of Ontario over the past decade there’s no way I can ever justify a Trudeau tax, waste and spend government cut from the same cloth.

#123 MSM-Free Zone on 10.18.15 at 7:51 pm

#111 Stevladimir Harputin on 10.18.15 at 7:26 pm

Priceless. Well done.

Are you the same dude who penned a similar schtick on our infamous Lord Balk of CrossDresser?

#124 Daisy Mae on 10.18.15 at 7:52 pm

#20: “….but I have a funny feeling a lot of people want this current debt orgy to continue and will vote with their wallets as they say.”

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

Massive RE debt is a good thing?

#125 ANON on 10.18.15 at 7:54 pm

#112 For those about to flop… on 10.18.15 at 7:29 pm

Will have to go to work Tuesday no matter what…check

Pray share with inquisitive hyper-imaginative blogdogs. Undertaker? Riot police? Nursing/spiritual? Very honest question, not trolling.

#126 Daisy Mae on 10.18.15 at 7:57 pm

#27: “Nice going Steve. All you had to do was stay Prime Ministerial, and you could’ve hung around another couple of years.”

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

Yeah…he’s not as smart as he likes to think he is. LOL

#127 Freedom First on 10.18.15 at 7:58 pm

#112 For those about to flop…

Check
Check
Check
Don’t have to go to work any day…..check

My life is paradise…..check

For those about to flop. It’s you, not me.

#128 Daisy Mae on 10.18.15 at 8:01 pm

#34: “Naw, he’s the only one who admits to it. The other guys are just blowing smoke at being able to balance the budget in the face of dropping revenue…”

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

That’s it…the truth in a nutshell.

#129 bigtowne on 10.18.15 at 8:02 pm

Trudeau feels like a politically correct Premier Wynn….the best outcome will be a minority government which inhibits the power of any decision to fully assault us.

#130 Brian Ripley on 10.18.15 at 8:03 pm

I updated my household debt, FDO, GDP & Net Trade chart:

http://www.chpc.biz/household-debt.html

Net Trade is now at a new deep net negative while household debt is at a record high. The reason for this (household debt) is that when trade is negative and the federal government runs a surplus the private sector HAS TO RUN A DEFICIT.

“Private Sector balance (Savings less Investment) plus the Public Sector Balance (Taxes less Government Spending) plus the Foreign Sector Balance (Imports less Exports) always results in a balance sheet bottom line of zero! It can be no other way; it’s an accounting fact.”

So much for the fiscal conservatism of ideologues.

#131 Moses71 on 10.18.15 at 8:04 pm

What? So now expect inflation with Mr. Trudeau? You mean the same inflation which may raise interest rates vs dwarfing them like they are now? So we may finally see a soft landing vs a hard correction?
I’m in

#132 Nemesis on 10.18.15 at 8:08 pm

“Only war has higher stakes.” – HonGT

#All’sFairIn…,Or… #WhenSpyVsSpy… #TakesOnNewMeaning…

https://youtu.be/oleuD8479uM

#133 Drill Baby Drill on 10.18.15 at 8:13 pm

#110 Mark
WTF ? are you talking about ? Work something out ? I supervise 40 engineers and would laugh out of my office anyone who wanted to develop a tax saving strategy using the companies resources.
Do you really believe the crap you write ? You are just a bag of wind.

#134 Gray Man on 10.18.15 at 8:14 pm

Why no oath of allegiance to Canada and the people ?

http://www.gg.ca/document.aspx?id=316

#135 LL on 10.18.15 at 8:17 pm

#7 – how can someone have majority with 37% of the vote?

Looks like it’s “democracy”!

#136 Jackblack on 10.18.15 at 8:23 pm

“Taxes on successful people will rise considerably and nobody who makes under $100,000 will see any break.”

Well, according to your poll most of the people here won’t be affected directly by raising taxes for the over 200k bracket, because they are not in that bracket. So just because their they won’t get huge breaks doesn’t mean that they won’t benefit from increasing the taxes in the upper tax bracket.

The majority of the people that live and work in Canada probably have no problem with this either, no matter how much the conservatives try to scare everyone with trickle down economics. Its only a theory just like Marxism, and only time will tell what happens. Maybe the benefit to the middle class will be more jobs due to infrastructure spending created by the increase in the taxes in the upper bracket. Or maybe all of the people making over 200k will go on strike. Who knows.

Punishing success is not a sound strategy. You cannot be raised up by tearing others down, as good as it might feel. — Garth

#137 Patrick on 10.18.15 at 8:25 pm

#104 Mark on 10.18.15 at 7:20 pm

“I’ve pointed out countless times on this blog that the Canadian economy actually performed very well when the Liberals came to power in the 1990s.”
____________________________________________

Yes, it did. And I’ve pointed out enough times that during the 90’s we also had conservative govt’s in Ontario & Alberta.

That seems to be the combo that works. The cons, reigning in spending & business-friendly policies, at the provincial level. Paul Martin was keeping the banks in check and spending when necessary to drive the economy federally.

Not we’re all out of whack. We got Notley & Wynne doing their best to kill business in the economic powerhouse provinces and the Reform in Ottawa fleecing the country.

Still, I would be happy the see Trudeau’s Liberals in Ottawa if we could send Wynne & Notley packing. But not for a few more years anymore. At which point the country will be decimated.

Like paul a said: Taking over this country is like taking over the Titanic right before it hit the iceberg. I’ll go one step further: Buying real estate in this country is like paying a premium price for a room on the titanic right before it hits the iceberg. At least I brought my binoculars.

#138 Nora Lenderby on 10.18.15 at 8:27 pm

#105 Vanreal on 10.18.15 at 7:21 pm
Income splitting benefits the wealthy families that can afford to have only one breadwinner.

The man who cuts my grass has 5 children under seven years old, his wife stays home with them. I presume they were benefitting from income splitting as well as the various child benefits that are mostly tax credits. (He gives me a receipt, btw. Poor but honest and happy.)

#139 Ron on 10.18.15 at 8:28 pm

The only consolation is that the canadiaian economy will probably face its day of reckoning for the decade long debt binge at some point over the next couple of years. Who ever is in power will get blamed for it and the leader will get blamed for it. People will go from chanting for change to looking for a scapegoat. We will be having another election within 2 years.

#140 Doug in London on 10.18.15 at 8:33 pm

Additionally, the country will go back into deficit under the Liberals.
————————————————————–
That implies we aren’t running a deficit now, or weren’t during the time the Con artists have been in office. If you believe that, I’m eagerly waiting to sell you some Nortel shares for the bargain price on only $1000 a share. If my memory serves me right, wasn’t our country running a surplus when the Liberals left office in 2006?

#141 D.O.N on 10.18.15 at 8:35 pm

#64 Leo Trollstoy on 10.18.15 at 5:33 pm

An exciting week ahead!

The federal election is the Liberal’s to lose

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

Actually…it is Harper*s election to loose.

Cognitive dissonance must be your best friend.

#142 Vote Mentally ill Harper out on 10.18.15 at 8:37 pm

DELETED

#143 Moses71 on 10.18.15 at 8:39 pm

#137-Patrick
I don’t need binoculars. Got front row seats here in Calgary. Lol
Not too much sympathy over here from a Toronto born eyes

#144 For those about to flop... on 10.18.15 at 8:41 pm

#123 ANON on 10.18.15 at 7:54 pm
#112 For those about to flop… on 10.18.15 at 7:29 pm

Will have to go to work Tuesday no matter what…check

Pray share with inquisitive hyper-imaginative blogdogs. Undertaker? Riot police? Nursing/spiritual? Very honest question, not trolling.

///////////////////////////////////////////
Nothing as dramatic as that ,I work in construction .
We have deadlines,I have some money saved but why sit on your bum there is plenty of time for sitting around later on.
Going to work to earn money to save and invest it is not the same to me as being a debt slave.
Some days I want to play golf or something but it is nice to go to work to be a productive member of society and stay active.
My job is dirty,the money clean.

#145 D.O.N on 10.18.15 at 8:43 pm

lose not loose in my previous post – for all the english teachers out there.

#146 Gregor Samsa on 10.18.15 at 8:45 pm

Good for Garth Turner for not using his blog to overtly endorse a party or candidate, unlike the disgusting display put on by Postmedia over the weekend.

I sincerely hope that the final, enduring image of Stephen Harper will be his sad and desperate campaign display of throwing money onto a table as he implores voters to accept his bribes and return him to power.

#147 Moses71 on 10.18.15 at 8:48 pm

Here the health care system subsidizes millionaires for geriatric housing care. Look it up
Surprised this was comprised of cons ruling for 44yrs.
If you hear about the health care system here crying later about money, it’s NOT from the NDP. It’s sickening to see kids making parents stay in their house until they can reach an almost LTC level before putting them in safety so to make sure the parents are subsidized to “save” their inheritance.pft. Their accommodation and care is subsidized and the wrinkles are buying them new cars and the kids are selling the houses and taking round the world trips.
Alberta is going to get hit much bigger

#148 For those about to flop... on 10.18.15 at 8:48 pm

#127 Freedom First on 10.18.15 at 7:58 pm
#112 For those about to flop…

Check
Check
Check
Don’t have to go to work any day…..check

My life is paradise…..check

/////////////////////////////////////
If your life is so perfect why do you visit this blog ,you know besides being a dickhead?

#149 Signpost in the bushes on 10.18.15 at 8:53 pm

“Imagine there’s no Harper,
It’s easy if you vote.”

(Apologies to John Lennon)

#150 bob Dog on 10.18.15 at 8:55 pm

Monday brings us a new NDP government and a new Star Wars movie (buy your tickets after you vote).

I will be a happy nerd Monday I can tell you!

#151 Leo Trollstoy on 10.18.15 at 8:56 pm

#110 Mark on 10.18.15 at 7:26 pm

You’re such a fraud.

You’ve given voice to the unsuccessful and the underachievers everywhere.

Congrats

#152 Randy on 10.18.15 at 8:59 pm

Canadian Socialists have no fear of deficits or massive debts. They love the bubble economy and want it to last forever. Keep Spending and keep giving government unions and teachers more money. Unions all across Canada especially Government Unions, Teachers Unions and the Unionized media (including CBC) have likely spent over $70 Million this election cycle to defeat the Harper Government.

#153 estrella on 10.18.15 at 9:01 pm

I just ordered some rose coloured glasses so that I can see things the same way as Justin.

Good Luck everyone, I don’t think this will end well.

#154 Kurt on 10.18.15 at 9:03 pm

#18 Jeff B – nice burn!

#34 Frank – Bingo. Truth in a campaign promise – whodathunk?

#62 kozman – not one thought to raise the GST because implementing the GST cost Brian Mulroney his job – in other words, your average voter is stupid. BTW, lose the persecution complex -it makes you look stupid too.

#87 David – I hear ya.

#155 just wondering on 10.18.15 at 9:06 pm

#138 Nora Lenderby on 10.18.15 at 8:27 pm

#105 Vanreal on 10.18.15 at 7:21 pm
Income splitting benefits the wealthy families that can afford to have only one breadwinner.

The man who cuts my grass has 5 children under seven years old, his wife stays home with them. I presume they were benefitting from income splitting as well as the various child benefits that are mostly tax credits. (He gives me a receipt, btw. Poor but honest and happy.)
—-
why a receipt for grass cutting? is it an investment house?

#156 Trojan House on 10.18.15 at 9:08 pm

The only thing I took away from Garth’s first poll is that Cons don’t post blog comments on this site, only socialists do.

Probably because they have nothing and want to take it from someone else’s pocket to put it in their own.

#157 Kreditanstalt on 10.18.15 at 9:09 pm

#107 Randy…yes, it will. The underground economy is the REAL one…unlike the Potemkin Economy the “Conservatives” claim is so wonderful.

Some economy. NOT.

Resource workers are doing great. As are those catering to rich American tourists. Anyone servicing oil equipment, fishing boat repairs, charter boat engine repairs, scraping barnacles off boats, logging trucks, welders, pipefitters, surveyors, technical monkeywork of all sorts, truck repair, etc. is RICH. As are their pensioners.

Ditto government employees. Teachers. City employees, with salaries, pensions and benefits (remember those?), protection from more cost-efficient job competition, government-protected unions. Also those dependent on government contracts or laws: physiotherapists, gardeners and tree-trimmers here have contracts with government offices, and even taxi drivers are complaining because their breadwinning income from carting posties around doing mail service is under threat…

Ditto their pensioners.

The rest? Shrivelling up. Legitimate private-sector small businesses are a dying breed.

One day, when absolutely everyone’s income comes from government, we will have to see MASSIVE price inflation. No other way around it.

And the Conservatives just kept pumping up this great, bloated gasbag of a faux-economy at every opportunity…

#158 Nemesis on 10.18.15 at 9:20 pm

#SpeakingOfCulls,Or… #NotThatSurreyTheOtherOne…

“It’s a lot of money isn’t it, £80,000?” – Anon

[Telegraph] – Wentworth cull: ‘ordinary golfers fear being driven out of prestigious Surrey club by Chinese billionaire owner’

…”Billionaire businessman Dr Chanchai Ruayrungruang is reportedly on the brink of announcing a “cull” at the prestigious club that will see golfers asked for up to £80,000 as a ‘debenture’ share, in order to remain as members.

According to a report in the Mail on Sunday, this could see all but 250 of the 3,000 members leave, and be replaced with around 600 “ultra high net worth” individuals with assets of more than £20 million – such as Chinese and Russian tycoons. “…

http://www.telegraph.co.uk/news/uknews/11939058/Wentworth-cull-ordinary-golfers-fear-being-driven-out-of-prestigious-Surrey-club-by-Chinese-billionaire-owner.html

#159 SWL1976 on 10.18.15 at 9:20 pm

I hope it’s not just me who thinks the Con’s attack adds have sunk to an all new low

I had enough of their economic action plans years ago, but…

Now I am left wondering… Do they think people are really this dumb?

Are they?

I know the selection is limited in this election and agree with #74 Kreditanstalt as they said it well with…

For the life of me, I can’t detect a significant difference among any of the four main parties. All will spend more. All will pay off their respective client groups. All will expand the size, scope and funding of government.

None of them are remotely capitalist. None have any commitment to sound money. (None know what it is.) None will downsize government. None have any concept of individual liberty.

But really???

Attack adds still???

Grow up Harper, you snivelling Con

#160 Washed Up Lawyer on 10.18.15 at 9:24 pm

Victoriaville or Trois-Riviere. Same diff. Ease up. Vote.

#161 Yyc not retired on 10.18.15 at 9:24 pm

Meanwhile in YYC, I was just laid off. Spouse still employed, makes over 100k. We would love income splitting to stay. it’s not just “stay at home by choice” couples that benefit.

#162 kommykim on 10.18.15 at 9:30 pm

RE:

#118 saskatoon on 10.18.15 at 7:47 pm
principle: the initiation of force is ALWAYS WRONG; just because a small group of people gather and call themselves “government”, does not change this.

I guess I just prefer to be “forced” to pay taxes so that the military and police protect my family so we can sleep safely in my home rather than have roaming marauders kick down my door at night and forcefully rob us.
Taxes to pay for a civil society are the lesser of those two evils in my mind.

#163 TurnerNation on 10.18.15 at 9:34 pm

A teacher (female, natch) I know socially here in TO said union called them and said vote NDP.

#164 Xyz on 10.18.15 at 9:35 pm

#62: Kozman
My heart bleeds for you, you entiled little snivelling sh*t.

The audacity of you to whine about losing .208% of your income, that’s right, not even a quarter of a percent, so your lululemon wearing, dog toting wife can raise your miniature dogs at home, that just disgusts this single mother of two, who in the first year of single parenthood raised her children for $12k. Not even a half of a percent of what you make. And after absolutely busting my ass over the years I’m just coming close to the 100k mark, as a single mother I’m proud to contribute to a tax system that can help others less fortunate than myself.

People like you and Harper disgust me.

You are dissing someone who gives over half their income, and wants to keep what’s left (that he earned). This envious rant diminishes you. — Garth

#165 kommykim on 10.18.15 at 9:51 pm

RE:

#161 Yyc not retired on 10.18.15 at 9:24 pm
Meanwhile in YYC, I was just laid off. Spouse still employed, makes over 100k. We would love income splitting to stay. it’s not just “stay at home by choice” couples that benefit.

But only if you have a kid under 18. Otherwise, “no income splitting for you!”

#166 Freedom First on 10.18.15 at 9:57 pm

#132 Nemesis

Another fine example of Hollywood, via the Machine, pushing fools toward a life of slavery. Fact.

#167 The Federal Election (2015 ) on 10.18.15 at 10:01 pm

(Melodrama, made for TV) Three Marxists crisscross the nation promising a new Utopia to an unsuspecting nation of serfs.

#168 Bottoms_Up on 10.18.15 at 10:02 pm

#62 kozman on 10.18.15 at 5:29 pm
———————————–
The problem is is that you and your family are in the sites of the libs, you are the ones that will be paying more. You have also benefitted under the conservatives. With policies that benefit the wealthy.

Keep in mind your life could just as easily be two middle income canadians, barely making ends meet, and taking on debt to pay fir daycare. OR, you could be lower middle income, having to choose which food items you can’t buy this week, and fending off debt collectors trying to get your hydro bill paid.

Regardless who wins the election, which family would you rather be?

#169 NotAGreaterFool on 10.18.15 at 10:05 pm

Can Trudeau form a government with the Greens and/orBlock? Watch out..

#170 Bottoms_Up on 10.18.15 at 10:10 pm

You are dissing someone who gives over half their income, and wants to keep what’s left (that he earned). This envious rant diminishes you. — Garth
———————————-
Garth, this is the argument that will never end. How much should the rich pay? This family is very lucky to have both a fantastic family income and a stay at home parent.

I don’t think it is unreasonable to ask families earning more than 200k to pay more. If you have a problem with that, why not set your sights on corporations that feed on consumers, such as the insurance industry in ontario, or drug companies that raise prices 1000% overnight?

#171 Nagraj on 10.18.15 at 10:13 pm

Writing a blog about “bikes, babes” (and nude tightrope walkers) is so obviously a barbaric practice (especially in Ontario) that by now at least one of the 15% people should already have dialed the barbaric practices tip-line.

The blogging perpetrator of this barbarism will plead “just a tin ear” re sexism (and total hearing loss re other gender-related phobias) but his tin ear case is ruined by the easily verifiable fact that he has demonstrated a very keen ear indeed for racism and xenophobia.

While you 15% babes are on the phone, hesitate not to also bring up his anti-feline bias. [My own cat is 20yrs old, hasn’t had any shots and has never been sick a day in her life. And the many dog photos on this blog really annoy her. She only puts up with them because she’s into this balanced portfolio thing.]

And don’t neglect mentioning the fact that this barbarian has also said very nasty things about our esteemed Prime Minister, Richard III.

There’s more! Our man wears the equivalent of niquab
while racing his Harley (a form of motorbike). And that’s not because he’s an adherent of Jainism (which Hindu sect is prohibited from killing anything, including little flying insects). He does it, no doubt, to please terrorist friends! And goodness knows this country is already crawling with too many foreign subversives, like soccer fans.

This practicing barbarian must be stopped. The kindest thing would be to enroll him in one of Ontario’s new sex ed classes.

But hurry! Because handsome brothel-crazed Justin Trudeau will shut the barbaric practices tip-line down just like that, and then whom would you phone?

#172 Bottoms_Up on 10.18.15 at 10:13 pm

#164 Xyz on 10.18.15 at 9:35 pm
—————————–
I wouldn’t have used the words you chose, but let’s remeber this family has free daycare and a clean home with homemade meals. (Because of the stay at home parent)
They do not realize that daycare is $14,000 per year for families that NEED to have both parents working, and what is the cost of bringing in a house keeper? That can add up to. So if a 250k+ family with free daycare is being asked to pay more, i am ok with that.

#173 Freedom First on 10.18.15 at 10:15 pm

#148 For those about to flop

This is the #1 Canadian Financial Blog. You just dissed a lot of people. Bad try.

#174 young & foolish on 10.18.15 at 10:15 pm

Why do people on this blog insist in “individual liberty”? Do they really know what it is?

#175 pwn3d on 10.18.15 at 10:15 pm

#25 jakethesnake on 10.18.15 at 3:42 pm
If a voter finds that he can be bought with a couple of measely tax-free percentage points on $20k in a TFSA while dead babies’ corpses are washing up on beaches, then that voter is not mature or responsible enough to be a voter and should yield his basic democratic right (and possibly his citizenship) to those fellow citizens mature enough and adult enough to correctly set the priorities for a modern nation.
—————
Say that to someone’s face and I hope they knock you out, as I would. Snake is a correct title. How many Syrians have you taken in? How much money have you given to help? I’m guessing 0 as disgusting people like you always seem to have lots of advice to spend other peoples money but never seem to have enough to be generous themselves.

#176 young & foolish on 10.18.15 at 10:18 pm

” …. why not set your sights on corporations that feed on consumers, such as the insurance industry in ontario, or drug companies that raise prices 1000% overnight?”

Why, that might affect equity values and even chase industries out of town. Do you want that?

#177 pwn3d on 10.18.15 at 10:19 pm

#29 Quebec behind JT on 10.18.15 at 3:50 pm
BTW Garth – Éric Grenier’s website takes into account vote splitting : http://www.threehundredeight.com/p/canada.html

vote strategically mes amis

For the first time in my adult life I will be proud to call myself a Canadian first tomorrow
—————-
I’ll always be proud to call myself a Canadian, even with people like you in it.

#178 Xyz on 10.18.15 at 10:20 pm

Garth, normally I find you agreeable.. Sadly not tonight.

I’m pretty certain this guy has enough money to get some great tax advice to shelter plenty of his income, and even at that if he still has $125k to play with after the tax man cometh I’m finding it very hard to feel sorry for him missing out on Harpers benefits for the wealthy and well to do.

That’s all that is.

#179 Kozman on 10.18.15 at 10:20 pm

Ok, to rebuttal the people whom can not read between the lines.
so i will type this in Crayons.

Current situation:
Dad works, Stay at home mom, 2 kids, one income (working for the man, not self employed. We earn $250k/yr

We will lose $5300 in taxes, or have a decrease of ~$10k off my gross pay.

under the SAME Lib platform, the Libs would PUNISH the DINK’s (double income and no kids) family: $250/yr one income, the other $120k/yr. so $370K/yr family, by guess how much???

$1330 in total.

the point being, the Libs are punishing family’s with kids, not the rich.
the change in the overall tax % is MUCH greater on families vs DINKS or single income earners.

#180 paul on 10.18.15 at 10:29 pm

#158 Nemesis on 10.18.15 at 9:20 pm

#SpeakingOfCulls,Or… #NotThatSurreyTheOtherOne…

“It’s a lot of money isn’t it, £80,000?” – Anon

[Telegraph] – Wentworth cull: ‘ordinary golfers fear being driven out of prestigious Surrey club by Chinese billionaire owner’

…”Billionaire businessman Dr Chanchai Ruayrungruang is reportedly on the brink of announcing a “cull” at the prestigious club that will see golfers asked for up to £80,000 as a ‘debenture’ share, in order to remain as members.

According to a report in the Mail on Sunday, this could see all but 250 of the 3,000 members leave, and be replaced with around 600 “ultra high net worth” individuals with assets of more than £20 million – such as Chinese and Russian tycoons.
———————————————————-
Groucho Marx’s letter of resignation to the Friars’ Club: “I don’t want to belong to any club that would accept me as one of its members.”

#181 Kurt on 10.18.15 at 10:30 pm

#174 young & foolish
Why do people on this blog insist in “individual liberty”? Do they really know what it is?

Most of them, not really. They feel put-upon by the rest of society via the agency of government, and then reason that government must somehow be limiting their freedom. They don’t look beyond their feelings to ask the question you ask. Because of that, they see the thing they call “individual liberty” as a good when they have it, but not when others do; certainly they never think of the flip side of the coin: obligation to society. This blog isn’t really the place to discuss such matters. Keep thinking and asking the hard questions!

#182 TurnerNation on 10.18.15 at 10:32 pm

Re. Nimby:I was at the meetings years ago in Forest Hill when they blocked condos to be built in current parking lot on Spadina near top of village.
All the king’s horses and all the QCs came out and it was done. The shadows they’d said.
But to raze a large home and build a monstrosity -to their neighbors’ covetry it will be done.

#183 For those about to flop... on 10.18.15 at 10:33 pm

#173 Freedom First on 10.18.15 at 10:15 pm
#148 For those about to flop

This is the #1 Canadian Financial Blog. You just dissed a lot of people. Bad try.

////////////////////////////////////
I come here for knowledge and to have a laugh ,
You come here to make people’s skin crawl.
I thought as you get older you get wiser?
You will die a lonely old man with two fists full of cash.
There is more to life.Trust me.

#184 Herf on 10.18.15 at 10:35 pm

#55 Harper equals Bravery

“Yeah, but I am still voting for my leader, Harper. In my former country, we call such leader Uncle. Uncle Harper is a leader who isn’t afraid of war, who stands up to the commies and the terrorists. While the world’s leader cower in fear of Putin’s aggression in Crimea, my uncle looked him in the eyes.”

You mean like this:

https://www.youtube.com/watch?v=-7_a2wa2dd4

Too bad Pierre Trudeau’s guts and convictions weren’t passed on to his kid, Justin. The only thing Pierre didn’t get right was referring to the FLQ and their supporters as “bandits”, instead of as “terrorists”.

Also too bad the FLQ murders got off lightly via the “justice” system, in the aftermath of Pierre’s tough stand and his calling in the army:

http://news.nationalpost.com/news/canada/paul-rose-a-member-of-flq-terrorist-group-dies-at-69

http://www.theglobeandmail.com/news/national/flq-terrorist-convicted-of-killing-cabinet-minister-pierre-laporte-has-died/article22466196/

Be interesting to see if history repeats itself (or echoes) in the future by replacing “FLQ” with radical Islamics. If elected, what will Justin do?

#185 paul on 10.18.15 at 10:39 pm

#170 Bottoms_Up on 10.18.15 at 10:10 pm

You are dissing someone who gives over half their income, and wants to keep what’s left (that he earned). This envious rant diminishes you. — Garth
———————————-
Garth, this is the argument that will never end. How much should the rich pay? This family is very lucky to have both a fantastic family income and a stay at home parent.

I don’t think it is unreasonable to ask families earning more than 200k to pay more. If you have a problem with that, why not set your sights on corporations that feed on consumers, such as the insurance industry in ontario, or drug companies that raise prices 1000% overnight?
———————————————————-
Have you ever written a cheque to CRA for $100,000?
Maybe try doing it for 10 years in a row no one appreciates or feels sorry for you. There response is Well you must have made a lot of money so its fine don’t complain.

#186 Xyz on 10.18.15 at 10:42 pm

#172 Bottoms_up

You are correct, probably poor choice of words.. But gut reaction.

It’s really all about perspective…

#187 juno on 10.18.15 at 10:43 pm

At least we know where JT is coming from.

With harper, he’s going to raise the debt levels too. But is not forthcoming on it. Instead he will find a situation and raise the debt levels.

Keep the party going until you can’t anymore!!!!!

That is indeed the Canadian way, say bye bye to savers and hello to borrowers and spender!!

#188 kommykim on 10.18.15 at 10:44 pm

RE:

#170 Bottoms_Up on 10.18.15 at 10:10 pm
or drug companies that raise prices 1000% overnight?

A very obvious drug company gouge is 82mg Aspirin that people take as a blood thinner. It is more expensive than regular (300mg) Aspirin.

#189 Kurt on 10.18.15 at 10:45 pm

#179 Kozman – You’re being taxed for a luxury few can afford. You’re not being “punished” for anything – you’re being asked to give back to a society that gives you three and a half times as much income as mister average, and there’s plenty of average people who work harder than you do. Not only that, but that 3 1/2 figure is an understatement – most families are spending everything they take home just staying alive and taking care of their kids – your real disposable income is likely between 5 and 10 times what joe average makes. You and your family have a world of opportunities that are available to less than 1% of all Canadians!

Go ahead and make 250k a year, but don’t bloody snivel about not getting targeted tax brakes – the only person you’ll get sympathy from is Garth.

#190 Xyz on 10.18.15 at 10:49 pm

#179 Kozman

While you’ve got your crayons out, let us know how much single parents and parents who both HAVE to work and thus the benefit is diminished, pay in taxes to subsidize your stay at home wife under the Cons.

#191 Obvious Truth on 10.18.15 at 10:51 pm

There you have it!

He’s a star. Been watching that happen for over a year.

Could get 60% of the female vote.

I agree with bigtown. I’d like a do nothing powerless minority. But the kid might win outright. If he doesn’t they will quickly stomp everyone months later. Harpo will resign this week.

#192 kommykim on 10.18.15 at 10:55 pm

RE:

#179 Kozman on 10.18.15 at 10:20 pm
the point being, the Libs are punishing family’s with kids, not the rich.

No, I think the Libs are simply saying that you aren’t special. And why should you be? Simply for spreading your DNA?

#193 pwn3d on 10.18.15 at 10:58 pm

#67 BS on 10.18.15 at 5:39 pm

Actually Trudeau’s tax increases are easily avoided by most of the 1%. Anyone who runs their own business as a corporation (most of the 1%) can income split and between a couple (through taking dividends) can draw close to $500K every year and pay the same taxes. Drawing $400K or less and they will actually pay less in income taxes with the Trudeau plan. The only people who will pay more is the top 1/10th of the 1%. However, the 1/10th of the 1% have so many options for avoiding taxes and there are so few of them this amounts to almost nothing as far as tax revenue and may actually decrease it.

Trudeau has also said he will reduce taxes for small business. Not sure if he follows through with that but if he does that is another tax break for the 1% who own those small businesses.

Plus with dividends as compensation a corporation owner pays no personal CPP premiums but those that paid CPP in the past will likely get an increase in CPP benefits at retirement. A extra benefit they will have paid nothing towards because they don’t have to pay CPP after premiums go up.

All of the above paid for by the middle class.

I guess it won’t be so bad having a dumb guy as Prime Minister. Not for the 1% anyway.
——–
even if the 1% don’t hide more money above 200k, they still would not pay enough to cover the tax break to everyone else, the numbers don’t add up. Once they do some fancy accounting, it won’t even bring in half as much. also keep in mind the ontario health levy jumps at 200k so tax planners everywhere will be keeping under the magic 200k mark. doctors will either hide more in their corp or work less, who wants to pay 55% plus of their income to the government?

#194 Durn2000 on 10.18.15 at 11:04 pm

Garth, I’m confused. I know I remember you bashing the TFSA extension in the past as it stole precious revenue from the government. Over the last months you seem to have changed your tune, calling the rollback inexplicable. Why the change of heart?

No change. The more everyone can shelter from double taxation, the better. — Garth

#195 Millmech on 10.18.15 at 11:05 pm

#164 xyz
Instead of beating someone down,look at yourself,the choices you made to have multiple children with someone your no longer with.I think this person should be applauded not spited,works hard has a stay at home mom for the kids.Most families can have a stay at home parent but they choose a life of consumption instead which takes two incomes.

#196 MF on 10.18.15 at 11:11 pm

90% of people who I have talked to are voting conservative for the simple reason that there is zero reason to vote for the other two.

JT mania? Haven’t felt anything here in my neck of the woods in the GTA yet.

#120 VICTORIA TEA PARTY on 10.18.15 at 7:48 pm

The Canadian Jewish vote is like the average Canadian vote (mostly con/lib with some NDP’ers). Maybe a slight bias towards Harper.

As for Israel. Nothing new here. Israeli death after Israeli death and no one says anything.

Then the Israeli military will have to respond to protect it’s citizens and everyone will wail and cry about how “aggressive” the IDF is. Same garbage over and over.

I don’t think the renewed violence will figure that much into Jewish votes this election though.

MF

#197 paul on 10.18.15 at 11:14 pm

#192 kommykim on 10.18.15 at 10:55 pm

RE:

#179 Kozman on 10.18.15 at 10:20 pm
the point being, the Libs are punishing family’s with kids, not the rich.

No, I think the Libs are simply saying that you aren’t special. And why should you be? Simply for spreading your DNA
———————————————————-
Simply for spreading your DNA.

So that’s what you call it? You are some kind of special!

You would only say that once to me!

#198 MF on 10.18.15 at 11:18 pm

Polls mean nothing.

In the 90’s, when Mike Harris was running for a second term here in Ontario, I remember watching the news and seeing the reds in the lead in the polls time and time again.

What happened? Harris was re elected.

Like someone on here said a while ago: no one has ever asked me to participate in a poll.

It honestly can go either way tomorrow. Conservative or Liberal. This is by no means a run away for JT like some of his supporters are making it seem here.

Actually it’s amazing his support is so low considering voter fatigue for the Conservatives should have crept in by now after two terms.

MF

#199 Ralph Cramdown on 10.18.15 at 11:20 pm

Somebody open a window, it’s getting hot in here!

I think the real point is that the tax system has, through accretion, gotten so complex that nobody can figure out whether their family is getting screwed a just and proper amount compared to their neighbours.

So do you vote for the party that has been making it more complex, or the one that is going to undo some of that? Cui bono?

Also, how did it never occur to me that the leaders are all Marxists? Harpo, Groucho, Chico … it’s so obvious once it’s pointed out.

#200 Bottoms_Up on 10.18.15 at 11:23 pm

#179 Kozman on 10.18.15 at 10:20 pm
—————————–
Dude, no. You are only seeing it from your financial perspective. Most families with kids will get more under the liberal promises. There is a calculator on their website.

I am one of them. Under the conservatives we are taxed on our monthly child benefit. Under liberals we won’t get taxed on that. We end up slightly ahead under the liberals, and have a family income about $100,000 less than yours. We have two full time working adults, a destroyed house, daycare bills and lots of debt due to financing daycare.

#201 Bottoms_Up on 10.18.15 at 11:32 pm

#185 paul on 10.18.15 at 10:39 pm
————————————–
Try writing a yearly daycare cheque for $26,000 (2 kids) and getting a measly $3,400 back as part of the conservative plan to help struggling families.

It disgusts me to think that people think daycare is subsidized in Canada. It is not, other than in the province of Quebec, or for the poor.

#202 MF on 10.18.15 at 11:33 pm

Gotta say, this election has renewed interest in Canadian politics big time.

Canadian politics is usually seen as boring and repetitive, but this time I am witnessing people from all walks of life taking an interest and putting informed opinions forward.

Turnout will be massive.

Some day when the dust settles from the current election, hopefully there is someone out there paying attention. Someone with natural charisma and forward thinking ideas who will become the leader of tomorrow.

MF

#203 John D on 10.18.15 at 11:34 pm

I am really disgusted by all those who want to tax everyone to death, but never think that government is way too big and inefficient. The more money you give the government, the more that they’ll waste. I think that government needs to manage better with the money that it has. But no, according to all those whose first instinct is to have the government spend more (sorry, I mean “invest”) on goodies, the rich aren’t paying their fair share (although they pay way more proportionally to their population).

I’m so tired of this attitude It amazes me how so many people are willing to give up the TFSA – this is one way in which people could make themselves less dependent on the government. But no, the TFSA is for the “rich”.

I’m just disgusted with this mentality. I’m certainly not rich but love the TFSA. But then again, I’m not someone who envies those who have more, nor do I whine about how hard done by I am. I guess if you’re mediocre in life and have no ambition to better yourself, or you’re sucking off the public sector teat, you need to drain the “rich” or the “nasty money-hoarding” corporations as you need the gravy train to continue.

I really wish I could opt out of paying more taxes, and those who are willing to pay more write a cheque to the government. Of course, they won’t do this as they just want others to pay more taxes. It’s sooo easy to spend other people’s money, isn’t it?

#204 Bottoms_Up on 10.18.15 at 11:35 pm

#181 Kurt on 10.18.15 at 10:30 pm
————————
Interesting thing, there are a lot of very rich social liberals that agree the rich should pay more. They are just not very vocal. : )

People with high incomes are not actually ‘rich’. The test of that is net worth. — Garth

#205 paul on 10.18.15 at 11:37 pm

#200 Bottoms_Up on 10.18.15 at 11:23 pm

#179 Kozman on 10.18.15 at 10:20 pm
—————————–
Dude, no. You are only seeing it from your financial perspective. Most families with kids will get more under the liberal promises. There is a calculator on their website.

I am one of them. Under the conservatives we are taxed on our monthly child benefit. Under liberals we won’t get taxed on that. We end up slightly ahead under the liberals, and have a family income about $100,000 less than yours. We have two full time working adults, a destroyed house, daycare bills and lots of debt due to financing daycare.
———————————————————-
Bottoms up.
You better get to bed! Tip of my hat to you!

#206 Bottoms_Up on 10.18.15 at 11:37 pm

#203 John D on 10.18.15 at 11:34 pm
————————–
Go ahead and look at the stats. The federal government has never been smaller on a per capita basis, so uou can’t blame bureaucrats for all your woes.

#207 Sideshow Rob on 10.18.15 at 11:38 pm

Hoping for a Conservative majority. That’s the only way we don’t get empty suit as pm and Mulcair as deputy pm. If it’s a minority for anyone the libs and dippers will suddenly find a lot of common ground. Say hello to a .65 dollar…

#208 Bottoms_Up on 10.18.15 at 11:43 pm

No change. The more everyone can shelter from double taxation, the better. — Garth
————————-
Garth, tax on growth or capital gains is not considered double tax? You are taking money that has been taxed, but then any growth on that money is ‘fresh’. Please explain how that is considered double tax if capital gains are applied to growth on prviously taxed money.

#209 kommykim on 10.18.15 at 11:43 pm

RE:

#197 paul on 10.18.15 at 11:14 pm
———————————————————-
Simply for spreading your DNA.
So that’s what you call it? You are some kind of special!
You would only say that once to me!

Yup. It doesn’t take anyone special to have a kid. Practically any idiot can do it. There is a worldwide surplus of humans. You’re not special and don’t deserve a tax break for what is a biological function.

#210 Kenchie on 10.18.15 at 11:48 pm

#24 Sol Orwell on 10.18.15 at 3:42 pm
“Sigh. I thought smart people comment here – and then one of the first commentators has to go with “LIEberals.”

It would be nice if grown ups could stop being so damn pithy.

On that note …

> Taxes on successful people will rise considerably

Say I make $150,000 pre-tax. How much are they going from before to after? I find the ‘considerably’ to be a relative phrase.”

The break-even point for the Tax Cut/Rise is $216,750. You’ll get a small tax cut at $150,000 pre-tax. It will be $670, which is the max for above $89,400.

#211 For those about to flop... on 10.18.15 at 11:50 pm

#203 John D on 10.18.15 at 11:34 pm

Well said,I like the way you think.
We definitely need a smaller and more efficient government.

#212 MF on 10.18.15 at 11:52 pm

#175 pwn3d on 10.18.15 at 10:15 pm

Bingo. Bang on.

Nothing more than politicization of that poor baby’s death by pathetic armchair E politicians.

How many Syrians has that guy taken in? Zero like the rest of them. How much of their own money have they spent to save Syrians? Zero like the rest of them.

Same goes to all these people pretending that voting Liberal or NDP is some divine act that will save the world.

Please.

Spare me your excrement from a male bovine animal.

MF

#213 Kenchie on 10.18.15 at 11:54 pm

#203 John D on 10.18.15 at 11:34 pm
“I am really disgusted by all those who want to tax everyone to death, but never think that government is way too big and inefficient. The more money you give the government, the more that they’ll waste. I think that government needs to manage better with the money that it has. But no, according to all those whose first instinct is to have the government spend more (sorry, I mean “invest”) on goodies, the rich aren’t paying their fair share (although they pay way more proportionally to their population).”

You know the Liberals are proposing a tax-cut for the vast majority of employed Canadians? The new tax bracket will apply to only 1.73% of the working population. So stop being hyperbolic with “taxing to death”.

Garth is being disingenuous but not admitting that this tax cut/rise policy of the LPC is actually a fiscal stimulus and a shrinking of government revenue. The drop in tax collected from the tax cut will be larger than the tax revenue collected on every 4 cents of the marginal dollar about $200,000.

#214 BS on 10.18.15 at 11:59 pm

#179 Kozman – You’re being taxed for a luxury few can afford. You’re not being “punished” for anything – you’re being asked to give back to a society that gives you three and a half times as much income as mister average, and there’s plenty of average people who work harder than you do.

Society is not giving him anything. He is earning the money and giving society a huge portion of his money. He is already paying 10 times more taxes than an average income earner, but receives the same services. The same services a people like Xyz receive who paid nothing in taxes for years. Kozman being asked to pay more is ridiculous.

I am glad I am self employed and can easily pay less tax under the Liberal plan. People like Kozman will probably just end up moving to the US where there are plenty of jobs for highly paid professionals. This will leave Canada without its best and brightest (and highest contributors to tax revenue).

The 1% never pay more. The middle class will pay for all the Liberal spending to come. Enjoy!

#215 Teulon on 10.19.15 at 12:04 am

XYZ. You may wish to redo your math… Last time I checked $12.5K was 5% of $250K, not the 0.5% you claim. Your 0.208% figure is also suspect. Just sayin’

#216 the day after yesterday on 10.19.15 at 12:11 am

At 53 ,making 65 to 75 , mortgage paid off, with stay at home mom with one kid, maxed tfsas, 659000 unmaxed rrsps, no debt, no pension, lost manufactureing management job turned truck driver, I want the government pension to be brought back to age 65. I have over 170 billion other reasons not to vote for Harper.

#217 McExpat on 10.19.15 at 12:19 am

Thank you JohnD best comment if the night.
BottonsUp, I doubt you’re in debt over childcare alone at 150k a year….
Kozman in the exact same boat as you and I hear your frustration completely. But you just rolled a dice, got lucky and earned 250k a year. Nothing to do with intelligence, perseverance and hard work right?
So many envious, pathetic people out there that just love to stick it to successful individuals. Last time I checked this was a free country where you could aspire to be anything you choose.

#218 Great Canadian Bubble Co. on 10.19.15 at 12:41 am

Feeling a bit testy on the blog today. Good to see people passionate and engaged in politics in Canada. Just remember we are all in this together. Your neighbor is not your enemy.

Peace

#219 Dee on 10.19.15 at 12:43 am

#19: Wynne’s government started the ORPP after the Conservative government refused to raise CPP. She’d drop it if Trudeau was elected because he would raise CPP.

It’s totally fair to debate whether or not hiking CPP/implementing the ORPP is a good idea (I’d really, really rather they didn’t, but I also already save/invest my own money), but her position is at least logically consistent here.

#220 Victoria Real Estate Update on 10.19.15 at 12:58 am

# 28 triplenet

You have provided no examples of Canadian homes that satisfy the criteria. Go down to 1500 sq. ft. , it wouldn’t matter. You still wouldn’t be able to find any houses priced anywhere close to the American homes I’ve provided as examples over the past 2 years, 99% of which were over 1800 sq. ft. and 99% of these homes were priced under $160 K.

Conclusion: you failed.

Canada is the only G7 country in recession in 2015. It’s the Canadian economy that is in trouble, not the American.

Claiming that the US economy is weak ( with no proof of it at all) does nothing to explain why similar Canadian homes cost at least 3.5 times as much as the American homes I’ve posted as examples. Try again.

I’ve posted charts showing that Canada’s price to income ratio is far above its long term mean. That means Canada is in a major housing bubble. The US has no bubble.

You do a lot of talking but provide no data and facts to back your claims.

Houses cost a lot more in Canada because of Canada’s lax lending standards. For example, the minimum down payment in Canada is 5%, in the US it is 20% in most areas.

Canada has a mortgage fraud problem, its subprime mortgage market is exploding, etc.

I’ll post more examples for you.

#221 Xyz on 10.19.15 at 1:18 am

Ha wouldn’t it be interesting if people were taxed on their net worth.

Things would look quite different I think.

#222 Peter Belcarra on 10.19.15 at 1:49 am

This election reminds me of the 1970 movie “The Adventurers”
Rebellion eliminates the Dictator and we get a new one.

#223 Kenny on 10.19.15 at 2:28 am

Link to woman’s letter to Harper about why she won’t vote conservative goes viral:

http://globalnews.ca/news/2284429/vancouver-womans-facebook-letter-to-stephen-harper-goes-viral/

John Oliver don’t vote for Harper…. The end is awesome

https://m.youtube.com/watch?v=FauPhJqKkf8

#224 Keith on 10.19.15 at 2:35 am

@kozman The highest income tax you will pay in Canada is in Quebec, on $250k is $105k. If you are really paying that much in taxes with a non working spouse and two young children, fire your advisor and your accountant. If you have neither, you are suffering the financial fate you deserve. In most provinces and territories, you’re not paying 100k in income tax on 250k. If taxes matter to you, you’re not structuring your finances effectively – call Garth now.

#225 Curious scientist on 10.19.15 at 2:49 am

Dear Garth,

I follow your blog occasionally – it is interesting, but the message is repetitive…

What I am really curious about and maybe members of your eco-herd of loyal followers (with “eco” for economy, of course, NOT ecology, stupid!) share the question: what is your value system? What do you care about other than the economy of the individual (how to maximize your profits, investing into housing market or putting your millions into TFSAs)?

The Canadian economy is shrinking. Canadian economy minus dirty oil and minus surreal housing market (i.e., minus those things that do not create lasting value but destroy the future of our children) has probably been shrinking for a long time. How do you justify proposing that the mill-mills (millennial-millionaires) should put their mils into stocks to build value, when the overall value of the building is diminishing? Is that a consciously justified advice? Who cares about the poor guys that make our consumables for a negligible salary (they are far away and we cannot help them anyway) and make such gains possible in our part of the world without us producing anything useful? Do you care?

This is not meant to be cynical and it is not meant to be condescending or insulting. You, Garth, found this wonderful medium (a “toilet” according to some) to share your views with the world. I really want to know who you are. Take off the mask.

Curious!

#226 Grantmi on 10.19.15 at 3:30 am

#201 Bottoms_Up on 10.18.15 at 11:32 pm
#185 paul on 10.18.15 at 10:39 pm
————————————–
Try writing a yearly daycare cheque for $26,000 (2 kids) and getting a measly $3,400 back as part of the conservative plan to help struggling families.

Then stay home and take care of your own kids…. What.. U think you like Obama supports. ‘Obama is going to buy me a new car and pay off my mortgage!”

Christ…….

#227 Marco Polo on 10.19.15 at 3:37 am

So because people are unhappy with themselves, they want to elect Trudeau. This is a man who is running on his daddy’s name. The same daddy who dodged fighting in the second world war, while everyone else’s relative was in the fight. Trudeau the elder blamed Canada and Britain on the war. It’s factual, during the same time Trudeau the elder would wear a nazi helmet, riding around Montreal before the second world war. Everyone will want to remember a CBC documentary written by his cronies, but the facts on his dad are never presented there. This country will never be the same with a schoolteacher running Ottawa.

#228 Rural Rick on 10.19.15 at 3:46 am

Harper is doomed. The muggles have seen his dark mark.

#229 Nagraj on 10.19.15 at 6:03 am

Monday morning Oct. 19th, 2015.

The Harpers at breakfast. After a long brooding silence Steven suddenly says:
“My stars shine darkly over me: the malignancy of my fate might perhaps distemper yours.”

Laureeny:
Oh SHUT UP! You really know how to get on my nerves, don’t you. Why don’t you just SHUT UP and eat your bloody toast.

#230 Charles Ponzi on 10.19.15 at 6:30 am

The fact that the average person doesn’t realize that elections have been transformed into auctions, is evidence that plutocracy is working.

#231 Charles Ponzi on 10.19.15 at 6:40 am

Despite the fact that “governments” always claim to be acting on behalf of the people and the common good, the truth is that “government,” by its very nature, is always in direct opposition to the interests of mankind.

Enough, already. — Garth

#232 Charles Ponzi on 10.19.15 at 6:52 am

Every “government” is an illegitimate gang of thugs, thieves and murderers, masquerading as a rightful ruling body.

#233 Charles Ponzi on 10.19.15 at 7:00 am

If a person can spend year after year paying for his home, or even building it himself, and his choices are still to either obey the politicians or get out, that means that his house and the time and effort he invested in the house are the property of the politicians. And for one person’s time and effort to rightfully belong to another is the definition of slavery.

http://www.mensenrechten.org/wp-content/uploads/2014/05/the-most-dangerous-superstition-larken-rose-20111.pdf

#234 fancy_pants on 10.19.15 at 7:47 am

#2 pathcontrolmonk on 10.18.15 at 2:33 pm

This country will never be what it used to be. ever.

I’m betting you don’t live in Ontario where the liberals have gutted the province. Real production has been replaced by wasted spending and huge deficits. They are starting to sell off assets (short term gain, long term pain) to pay for all this nonsense. But for the sake of change, let’s do this to the rest of Canada. misery loves company.

http://business.financialpost.com/news/economy/with-twice-the-debt-of-california-ontario-is-now-the-worlds-most-indebted-sub-sovereign-borrower

http://www.huffingtonpost.ca/murtaza-haider/union-pearson-train_b_7122734.html

http://www.torontosun.com/2015/05/21/hydro-one-fire-sale-a-mistake

#235 1 Day to an NDP Government! on 10.19.15 at 7:48 am

It’s here – Orange Change – Hallelujah!!!!!

What could be better than waking up with Tom Mulcair as PM tomorrow?

Ok, maybe waking up with Garth and Bandit in your bed might be awesome for a lot of you, but we’re talking about our democracy here, not your fantasies!

I more day!!!!!! :) :) :) :) :) :) :) :)

#236 VoteABC on 10.19.15 at 7:51 am

I don’t know the date or context of date of this picture, nor who to credit with the photo, but I think this might be an appropriate place and date to post this link.

In case you’re wondering, yes that is one Laureen Harper/Laureen Teskey.

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQH-gLZ-1dDbjVfUyNVOyc9DAH1CVq3ZVvyHZsI0Z2uHf76CMlM

#237 Coho on 10.19.15 at 7:56 am

This guy had it all figured out over a year ago and explains why elected sitting Australian PM Tony Abbot would be ousted (and was just last month) by a faction within his own party and why Stephen Harper will lose in today’s election. Our votes mean nothing!

https://www.youtube.com/watch?v=2PV9ISLoefo

#238 Careful what you wish for on 10.19.15 at 8:21 am

#164 xyz

At an income of 100K, you will be in the top 8% of income earners. That’s right, you are in the upper class. I’m sure you earned it as did #62 kozman.

http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil105a-eng.htm

Imagine if the Lib said that they would increase the taxes on the top 10%.

#239 Holy Crap Wheres The Tylenol on 10.19.15 at 8:38 am

#227 Marco Polo on 10.19.15 at 3:37 am

So because people are unhappy with themselves, they want to elect Trudeau. This is a man who is running on his daddy’s name. The same daddy who dodged fighting in the second world war, while everyone else’s relative was in the fight. Trudeau the elder blamed Canada and Britain on the war. It’s factual, during the same time Trudeau the elder would wear a nazi helmet, riding around Montreal before the second world war. Everyone will want to remember a CBC documentary written by his cronies, but the facts on his dad are never presented there. This country will never be the same with a schoolteacher running Ottawa
____________________________________________
Yes, yes, yes. Good luck to all these idiots cheering on Junior. If we are lucky hes nothing like his faaazzer. If we are doomed hes PET back again.
https://www.youtube.com/watch?v=exCYSfQod14

#240 The Other Chris on 10.19.15 at 8:40 am

@234 fancy_pants

I’m with you. I don’t think non-Ontarians realize what they’re getting. But I also don’t understand how Ontario can follow Wynne’s direction and go Liberal, after our long experience with Gerald Butts’ style of Liberalism.

Heck, the Hydro One prospectus actually predicts that the base hydro rate will rise at a compounded rate of 4.2% all the way through 2019. Why aren’t people up in arms about energy prices rising so much faster than inflation? Life in the province is getting unaffordable.

#241 Obvious Truth on 10.19.15 at 8:41 am

Anyone else looking forward to the postmortem at the harpers tomorrow as described by nagraj?

#242 Conspiratard on 10.19.15 at 8:48 am

#237 Coho

Absolutely correct.

Notice how the video you posted apparently only has about 250 Youtube “views”?

This is a common tactic of the Illuminati, hacking Youtube numbers to make it appear that no one is paying attention to the truth, or that the protagonists are whackjobs. But none of us are, and you and I both know that. We care about the truth.

In fact, the actual views on that video amount to over 250,000,000. But the malevolent powers that want a Marxist world government shutting down our natural resource economy don’t want us to know that.

Interesting, isn’t it, that the Illuminati has jigged that Youtube video just in time for the Canadian election, to oust Stephen Harper so Canada will sign on to the Communist Paris Accord this year.

Coincidence? I think not.

I think not.

#243 Holy Crap Wheres The Tylenol on 10.19.15 at 8:49 am

All I can say is be careful what you wish for. Mr Harper hasn’t raided my wallet. During his tenure my hard work has paid off and my wealth has increased greatly. The other pigs at the trough can hardly wait to get their greed little hooves on your dinars.
If the little bitches try to get their hands on my stash well lets just say I am lucky enough to move it somewhere where it can grow unhindered by the losers. God I wish the contenders had once worked in the public sector doing what most of us had to do in order to aspire to a higher plain without being in the government pay system.
Money, get back
I’m all right, Jack, keep your hands off of my stack.
Money, it’s a hit
Don’t give me that do goody good bullshit
I’m in the hi-fidelity first class traveling set
And I think I need a Lear jet
https://www.youtube.com/watch?v=-0kcet4aPpQ

#244 Holy Crap Wheres The Tylenol on 10.19.15 at 8:58 am

#241 Obvious Truth on 10.19.15 at 8:41 am

Anyone else looking forward to the postmortem at the harpers tomorrow as described by nagraj?
____________________________________________
Nope looking forward to all the idiots who realize what they have done if Mr Harper does not retain his power. They will all of a sudden say well holy shot I didn’t see that coming, why is my pay lower, why am I paying more tax for this, where did the jobs go? Like I say dont be sure of what you wish for, It may come true and now you will have four years of hell to pay for your mistakes. The old idiom has a lot of truth. “better the devil you know.”

#245 paul on 10.19.15 at 9:06 am

#209 kommykim on 10.18.15 at 11:43 pm

RE:

#197 paul on 10.18.15 at 11:14 pm
———————————————————-
Simply for spreading your DNA.
So that’s what you call it? You are some kind of special!
You would only say that once to me!
———————————————————-
Yup. It doesn’t take anyone special to have a kid. Practically any idiot can do it. There is a worldwide surplus of humans. You’re not special and don’t deserve a tax break for what is a biological function.
———————————————————-
I guess that’s how you got here from someone ‘spreading their DNA around’

Sorry for you I did not realize your orientation.

#246 Dominoes Lining Up on 10.19.15 at 9:17 am

And meanwhile, the issue that none of the leaders has bothered to address at all grows more menacing, looking now to come out of its corner within just weeks of this election.

http://www.theglobeandmail.com/report-on-business/top-business-stories/economist-weighs-in-on-canadas-scarily-overpriced-homes-cozy-banks/article26841468/

#247 saskatoon on 10.19.15 at 9:20 am

#162 kommykim

it doesn’t matter what you think personally.

clearly, the issue here is that you are willing to impose your belief system onto all others–through the initiation of proxied state violence.

ironically, you do this to reduce violence!

additionally, are you really that naive to think government is “protecting” you?

OUTSIDE of war, government has killed 262 million people in the last 100 years alone.

#248 Joe on 10.19.15 at 9:34 am

All the worlds a stage.

#249 busman7 on 10.19.15 at 9:36 am

The last time I voted Liberal was for PET in ’68.

This time I have no choice but to vote Liberal for PET’s son as Harper has taken away my right to vote in the next election.

Beware voting for Harper may also mean your last vote!

#250 Broke Dick on 10.19.15 at 9:43 am

“I am professionally employed and earn ~250k/year. The wife stays at home and raises our kids with great joy. The hours that I have to work to realize my income, is impossible to utilize day care.

+++++++++++++++++++++++++++

Are you a realtor?

#251 Mf on 10.19.15 at 9:55 am

#239 Holy Crap Wheres The Tylenol on 10.19.15 at 8:38 am

Exactly.

Watch in 4ish years when we hear the same thing from said idiots about how they hate JT because he lies, doesn’t care about the economy, has scandal after scandal Etc etc.

We saw it with Obama down south and his “change” platform. How’d that work out?

Even worse is the red orange supporters going crazy on here comparing Harper to some dictator. Lol Gimme a break. Go live in a country like North Korea then tell me what you think a dictator is really like.

#126 Daisy Mae

Don’t mean to pick on you but post after post about how you don’t like the guy.

We get it. And Guess what. I can’t stand JT.

Problem is I don’t see one policy that I like from the Reds and orange (empty campaign policies mean nothing to me).

..Now To the guy who posted that fictitious letter from Mary Cleaver (I believe her name was) yesterday:

First thanks for posting made up propaganda. Maybe I should write a passionate letter from a “white 32 year old male” about how the TFSA should stay at 10k contribution this year so I can retire at some point in the distant future? Would it have the Same effect? Why not?

I rolled my eyes reading that garbage.

Did this woman take advantage of income splitting/rrsp’s/housing run up/child care benefits in the past 8 years? Of course she did.

Second, appears people are just looking to blame the government for their mistakes (like usual). If you Think voting ndp or liberal is going to magically make you a happy successful person I’ve got news for you…It won’t. It’s YOUR fault if you have made bad decisions to get where you are. No one else’s. Just like these people taking on massive debt to buy RE at nosebleed values.

When the letter mentioned single mothers I basically discounted it. Sorry. It’s now Haprer’s fault for people’s bad judgement in who they marry? Please.

Mf

#252 rainclouds on 10.19.15 at 9:58 am

#62 Kozman
“Increase the GST by 1 point”

Not a bad idea,

Waaay back a guy named Stanfield considered the front runner campaigned on (wage and price controls)to deal with runaway inflation, JT’s dad ate him for lunch. Then promptly imposed wage and price controls and started the deficit train.

We can’t handle the truth………….

#253 young & foolish on 10.19.15 at 10:06 am

In our Low Growth World …. dividends are what’s keeping you afloat. But don’t get too complacent. See what happened to preferreds, or Wal Mart?

Preferred dividends flow unabated. — Garth

#254 Mf on 10.19.15 at 10:08 am

And LOL to the guy who posted something like a hundred reasons why he is not voting con this election…..and zero reasons why he voting for anyone else. Great copy pasting skills.

I scrolled past it faster than any post I’ve ever seen SWL write on here (which is pretty fast).

This ABC “movement” should be called the BHFE (blame Harper for everything) movement.

Ingrown toe nail? Harper’s fault. Missed the bus? Harper’s fault. Food was cold? Harper’s fault.

Let’s see how it plays out.

Mf

#255 young & foolish on 10.19.15 at 10:12 am

Conservatives always talk about reducing the size of government (until it is so small they can drown it in a bathtub) … however, “the people” want none of that. They want protections and guarantees for their entitlements.

#256 Ralph Cramdown on 10.19.15 at 10:14 am

#240 The Other Chris — “I also don’t understand how Ontario can follow Wynne’s direction and go Liberal, after our long experience with Gerald Butts’ style of Liberalism.”

I’m truly curious as to your thoughts on this. Could you expand?

My view is that Ontario manufacturing has been eviscerated mainly by a high dollar, but also because of a shift of US auto manufacturing from Michigan/Ohio to southern US states and Mexico. To counteract that, Ontario would have need an industrial policy very supportive of productivity gains (i.e. automation, as in Germany’s auto sector, or Japan’s). This would have traded a large number of low and medium skill jobs for a smaller number of medium- and high-skill ones.

At the same time, the Greenbelt policy+crappy infrastructure (long commutes in traffic congestion)+low interest rates had the unfortunate effect of increasing the rate of housing inflation in the near GTA, which sucked a lot of investment into residential real estate and its construction. Not implementing the greenbelt and going for Atlanta-style sprawl was the other option.

Hydro prices are a PITA and a disaster, but not the primary cause of Ontario’s decline. Mining and logging are in the ditch because of low commodity prices, and agriculture is half fairly efficient, and half protected by quotas/tariffs — not much that gov policy can do about those.

So what do you think? What provincial government policies could have counteracted the above? Would a PC government have implemented them?

#257 Happyplace60 on 10.19.15 at 10:16 am

The emperor has no clothes!

#258 Daisy Mae on 10.19.15 at 10:23 am

#146: “Good for Garth Turner for not using his blog to overtly endorse a party or candidate…”

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

Yes. It couldn’t have been easy in view of the sometimes high level of frustration from so many of us. Garth does have the inside scoop…but a large number of posters have been very enlightening, as well.

#259 fancy_pants on 10.19.15 at 10:26 am

#240 The Other Chris on 10.19.15 at 8:40 am

she attracts lots of votes from those who draw from the public purse. As long as that fan base keeps growing, the repetition of tax (+deficits) and spend will continue. b/c gov’ts spend so much better than small businesses in free market conditions – insert rolley eyes.

IMO if you don’t pay taxes, you don’t deserve a vote. All elections are is deciding who holds the credit card and spends your tax dollars. Otherwise in time there will be nobody left to put $ on the card.

Spending and consumption do not drive a healthy economy, saving and production does. But keynesian economics buys votes so it is a ride to the bottom.

inflation and/or high rates are coming. Just wait and see what happens when the US eventually loses it’s status as a global reserve currency… you thought the early 80’s was a ride

#260 Julia on 10.19.15 at 10:27 am

#220 Victoria Real Estate Update
“Canada has a mortgage fraud problem, its subprime mortgage market is exploding, etc. ”
It’s all relative. Growth may be exponential but in absolute numbers I don’t believe those to be the main contributors.
Lax lending standards with CMHC allowing for small downpayment, low interest rates and the raiding of RRSPs are.

#261 Julia on 10.19.15 at 10:27 am

#221 Xyz
“Ha wouldn’t it be interesting if people were taxed on their net worth.”

So tax people more for being financially responsible?

#262 Smoking Man on 10.19.15 at 10:28 am

Being Paid in USD and having a sizable Bet on USDCAD
I should vote for the commies. Orange or Red makes no difference.

But I’m voting for my Kids future and Voting Blue.
Mad dog Harpo won’t always be there.

Source: http://www.marketpulse.com/20151019/usdcad-will-the-canadian-dollar-rally-continue/

After an awful summer, the Canadian dollar has rebounded in the past three weeks, gaining about 400 points. The loonie has benefitted from higher prices for oil, a key Canadian export. As well, expectations that the Federal Reserve might raise rates in October failed to materialize, disappointing the markets and pushing the US dollar lower against other currencies. This week kicks off with a federal election on Monday. Prime Minister Stephen Harper and his Conservative party are seeking a fourth term in office, but is expected to lose to Justin Trudeau, head of the Liberal party. A strong showing by the left-leaning New Democrats could lead to a minority government which would have difficulty governing, and this could hurt the Canadian dollar.

#263 Ralph Cramdown on 10.19.15 at 10:39 am

#247 saskatoon — “additionally, are you really that naive to think government is “protecting” you?

I’m sure that government is protecting *you* far more than it is protecting kommykim.

If you’re half as annoying in real life as you are on the blog, ONLY the fear of government sanction has stopped somebody from flattening you and tipping your remains into the nearest dumpster.

#264 David on 10.19.15 at 10:41 am

David of #87

Means little. Libs have often been voted into office as the economy improves following Cons cleaning things up after the last batch of Libs. — Garth

Interesting, I would say this assertion is deserving of further exposition in a post if you are willing to provide it.

#265 Leo Trollstoy on 10.19.15 at 11:12 am

Lax lending standards with CMHC allowing for small downpayment, low interest rates and the raiding of RRSPs are.

Bingo.

#266 RoddyP on 10.19.15 at 11:21 am

Not everyone who makes over $200,000 is rich. In fact, most of these people get up in the morning every day to go to work and bust their butts because if they did not, they wouldn’t be able to support their families or their lavish lifestyles. By supporting their families, they are helping the economy to grow and prosper. Do not begrudge the high income family for having a nanny and buying a new car every four years. By doing so, they are helping to give people jobs and income so they, in turn, can support their own families. The single person with an expensive lifestyle is doing the same thing so do not feel ill towards him or her either. So why does Mr. T want to increase taxes on these people when it will simply result in them cutting back spending, which in turn will hurt the middle class families who are really hurting? Tough to say because I am as confused as all the other informed people out there. There is no rational economic basis for his platform. It appears, unfortunately, purely political and motivated by a desire to get votes, rather than to really help the middle class. His promise to eliminate income splitting doesn’t just benefit the high income earner. It also benefits the family with a stay-at-home parent and one income earner making $60,000 per year. The increased TFSA limit helps millions of Canadians – not just the high income earner. Mr. T will also apparently increase CPP contributions, taking a big chunk of money away from ALL people now, only to promise it back to them in 25 years. This is hurtful to the middle class – not helpful. Finally, the notion that he will take money away from a family that earns more than a combined $150,000 is mean-¬spirited and akin to theft – from children. It is disgusting and unnecessary. Why penalize children whose parents have worked hard in their lives to get to where they are who are undoubtedly struggling in this high-tax, uncertain economy. Mr. T has shown himself to be a man who stands for everything and stands for nothing. His policies will undoubtedly hurt not only the economy but also those who make up the economy – families. At the end of the day, it is not that Justin just isn’t ready. Worse. He has proven himself to just not be qualified.

#267 saskatoon on 10.19.15 at 11:37 am

#263 Ralph Cramdown

“If you’re half as annoying in real life as you are on the blog, ONLY the fear of government sanction has stopped somebody from flattening you and tipping your remains into the nearest dumpster.”

finally, some honesty.

#268 Ronaldo on 10.19.15 at 11:39 am

Here it is election day and away from home. Left home before the advance poll dates and tried to vote here in Vernon this morning but told they couldn’t do anything for me as don’t have the Nanaimo voting lists. Seems a bit odd so guess I will give Elections Canada a call. Anyone else run into this problem? Never had a problem when away from home during the Provincial Elections.

#269 HD on 10.19.15 at 12:00 pm

#245 paul on 10.19.15 at 9:06 am
#209 kommykim on 10.18.15 at 11:43 pm
RE:
#197 paul on 10.18.15 at 11:14 pm
———————————————————-
Simply for spreading your DNA.
So that’s what you call it? You are some kind of special!
You would only say that once to me!
———————————————————-
Yup. It doesn’t take anyone special to have a kid. Practically any idiot can do it. There is a worldwide surplus of humans. You’re not special and don’t deserve a tax break for what is a biological function.
———————————————————-
I guess that’s how you got here from someone ‘spreading their DNA around’
Sorry for you I did not realize your orientation.

————————

That would be correct. That is exactly how you, him/her and the rest of us got here.

Best,

HD

#270 OXI in GREECE !! on 10.19.15 at 12:08 pm

#255 young & foolish on 10.19.15 at 10:12 am
Conservatives always talk about reducing the size of government (until it is so small they can drown it in a bathtub) … however, “the people” want none of that. They want protections and guarantees for their entitlements.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Canada’s govt is 120% bigger than it needs to be. There is MUCH MUCH room to cut the size of govt. But of course that will never happen. Taxes will continue to go up. Welcome to Kanaduhhhhh

#271 Pre-Retiree on 10.19.15 at 12:14 pm

#171 Nagraj

It is always so refreshing to read you!
Just loved it.

#272 conan on 10.19.15 at 12:16 pm

Canadian real estate/debt getting attention again.

http://www.cbc.ca/news/business/housing-debt-moodys-economist-1.3277940

Cue the redemption song

https://www.youtube.com/watch?v=6KKhHpYb0yU

#273 Retired WI Boomer on 10.19.15 at 12:16 pm

Election Day for the “Uppa US” today.

Remember charity begins at home, but never should stay there.
Whether cons, libs, NDP whatever…

Better that you have a CHOICE, and a VOICE in where, and in what amounts your tax dollars are spent.

A decent example. For many years our local electric utility had a program called “Heat Share” where you could voluntarily add some money to your bill every month to help those in tough straights.

We always $10 a month to our bill to help. (WI winters can get a bit cold, think Winnipeg with humidity).

Recently, the utility asked the regulators for permission to add a 3% mandatory “Heat Share” addendum to the bills.
Involuntary help. They did. I promptly discontinued my
offering of $10 monthly. Now, the get much less as our utility normally runs in the ~$80 range.

Just a lesson in ‘voluntary’ help turned voluntary pokey.

Whatever the results, YOU’RE stuck with the result, and no party’s leadership is ever perfect, as we all know.
Best wishes for a humble leader…whoever it shall be…

#274 Millmech on 10.19.15 at 12:17 pm

Julia #261
That’s the canadian way,be totally irresponsible with your life and knock down those who are and bring them to your level of ineptness.That way you can even be more smug and tell your kids “see why bother trying the government will just take it away.”

#275 Adam on 10.19.15 at 12:39 pm

The more people I’ve spoken to recently, the more impossible it’s become to ignore the completely obvious generational gap. Over 40 and in a reasonably well-off position: the Liberals will destroy the country, vote Conservative. Early to mid 30s (and younger) and trying desperately to work hard and climb the ladder: the Conservatives have destroyed the country, the NDP are simply batshit crazy, so let’s give the kid with rose colored glasses a shot.

It’s hilarious how Harper’s last two gifts to his base – the TFSA increase and the income splitting for families (which haven’t even been passed into law yet!), which benefit upper income Canadians far more than middle class, have become “depended on” by Canadians in less than 6 months.

#276 Sheane Wallace on 10.19.15 at 12:42 pm

he Canadian housing gasbag is already way overblown.
This is probably the biggest property bubble in history (there goes the myth of prudent lending).
Fallout would be horrendous anyway, there will be no escape from it.
Rolling back retirement age to 65 is something that we all deserve (epic blunder by Jim Flaherty to increase it to 67).
Pension contributions must be raised as Canadians obviously can not manage their finances, this will leave them with less money to spend on stupid stuff (like houses) but provided that government can manage the contributions well.
No further housing market simulating programs are needed, no allowance for additional RRSP withdrawals for house purchase or any other tax relieve for housing is acceptable.
The economy will crash and burn anyway, the doom of the currency was baked long ago when the fool F introduced 0-down-40- years amortization.

#277 prairie person on 10.19.15 at 12:44 pm

n September, for example, sales of properties on the Victoria Real Estate Board’s Multiple Listing Service were up by 24.6 per cent compared with September 2014.

The benchmark value for a single-family home in the Victoria core climbed by 8.7 per cent year over year to $607,100, the board said.

Assessed values for commercial properties in Greater Victoria, including hotels, shops and offices, is predicted to rise by an average of five to 15 per cent, Danakody said.

Some properties in the accommodation sector may see bigger hikes of 10 to 25 per cent, he said. Increases are due to factors such as an improved economy and a strong year in tourism.

from the Times Colonist big change. my assessment has gone down three out of four years. Now, it is going to jump 10 to 25 percent?

#278 SWL1976 on 10.19.15 at 12:46 pm

I used to wonder to myself…

Why doesn’t someone in government fix the things in government that cause most of the problems in our moden world?

Then I realized that this will never happen simply because our modern governements actually run perfectly. Like a well oiled machine. With one exception. They work perfect not for the people they are elected to serve, but for the shadow government (the central bankers) who really call the shots.

I also believe that anyone can enter governemnt with the most Nobel of intentions, however by the time you get to a postion where you can have some positive change you either;

a) get the boot or be removed from service simply because you do not have the same intentions as the ones in power

b) or after years of getting into a position of power you simply become the one of the corrupt

c) or are simply oblivious to the bigger picture

The machine knows what and who it wants. They also own the media, so it can simply make or break who it chooses to.

Now, the root cause of most of our problems in the modern world are private central banks. Now most, even well informed intelligent individuals out right refuse to acknowledge this even though the subject has been, and is well documneted. Remember they control the media. JFK is a perfect example of someone in power stepping out of line with regards to the private central banks.

Making a big deal of this dog and pony show of an election is just a further distraction from the real problem

The real problem lies not within any political party up for nomination. The real problem lies amoungst us and our collective and celebrated ignorance to who really call the shots

Too bad you can’t take that to the ballot box

#279 Estrella on 10.19.15 at 12:50 pm

So many people crying in their coffee today. Boohoo, i have to pay for daycare, boohoo i have a million dollar mortgage, boohoo i dont want anyone else to contribrite to TSFA’s if I can’t.

I come back day after day to just to puzzle at how some people take no responsibility for their circumstances. suck it up. #stopbeingstupidwithmoney. Take ownership of the fact that you had children, you bought the damn house and you don’t know how to manage a personal budget.

Tomorrow we may have a different party in office. The 1% will probably have to pay $5000 more dollars per estimate on their income tax.

The 99% will still have children to feed, a stupid huge mortgage to pay, and no money left to save for retirement.NO Government will change your circumstances. Maybe you can buy a coffee at tim hortons, if they don’t have to increase their prices to meet new tax laws.

In closing, i hope we don’t end up with a federal lib, as well as a current Ontario lib. #toomuchliberal. amen.

#280 Retired WI Boomer on 10.19.15 at 12:51 pm

“If you’re old remember how things were in 1968″….

Yeah? Began Sr. year in high school . Bought my 1st new car that fall a leftover 1968 Buick Skylark, window sticker was $3,863. I had actually wanted a 1968 AMC Rebel convertible for less bunt the old man said “NO.” Hey gas was .36 on sale for as little at .18 at times.

Worked, earned over $100 take home per week part time.
Yeah, it was E-Z money but few wanted to do the work.

Vietnam the biggest bullshit story before 9/11 was raging.
Just ask the VETS back from there what they thought, then you got the real story…

Johnson quits, we get Tricky Dick. Good thing he was such a paranoid SOB he always thought the left was out to ‘get him.’ THAT is why we had some enlightened legislation under him. Clean Water Act, clean air act, food stamps.

See…even your worst nightmare can bring good things!

#281 Retired WI Boomer on 10.19.15 at 12:53 pm

Oh, forgot. Dope was cheap, booze expensive and harder to get ahold of at 17. Never cared much for beer still don’t.

#282 Blacksheep on 10.19.15 at 12:56 pm

“Fear met hope.”- Garth
—————————————-
Today reminds of the day, Obama was first elected to office.

My then, 18 year old daughter was so exited, she almost had tears in her eyes.

Trying not to be a dream crusher, I bit my tongue and advised her to wait and see how this ‘Hope & Change’ plays out. We can all see how that worked out.

Well here we go again and this time she’s a facebook activist for Justin.

I’m voting against my own $ interest, for my kid’s sake.

For my kids future.

Regardless of how financially savvy Harper, may or may not be, he has fundamentally altered the path of this country, by taking part in unnecessary foreign bombing campaigns only tolerated by the Cattle through deception and the propagation of fear.

Seniors I’ve spoke with are scared shitless that the Syrian refuges are scary Mooslem’s coming to do us harm. They’ve been convinced we need bill C-51 to keep ourselves safe.

Harper really should be, ashamed.

#283 Doug in London on 10.19.15 at 1:13 pm

@young & foolish, post #253:
Did it ever occur to you that preferred shares might be ON SALE right now? It was 2 years ago from now that REITs were on sale and I read the same complaints about the low sale prices as I’m reading now about preferred shares. In about a month it will be Black Friday in the USA, when shopping malls will be mobbed by crowds of people out enthusiastically looking for bargains. Why isn’t there a similar amount of enthusiasm when stocks, REITs, ETFs, or other assets go on sale?

As for Walmart (WMT-NY), put in a lowball offer like $55. As Warren Buffet says, you should never let a good crisis go to waste.

#284 IHCTD9 on 10.19.15 at 1:20 pm

I know no one cares what the Liberals have done here in Ontario, but if Justin gets in, and is anything like McGuinty and Wynne, you’re going to wish you did care a bit.

The scary thought that Wynne is more experienced and qualified than Trudeau as a politician should scare the living hell out of you.

I’m safe with a paid off house, no debt, and solid retirement savings. You Millennials who are looking to improve your prospects better sit down with a guy at least twice your age and get an education before you vote.

The rest of you who are just looking for revenge on Boomers, Harper, Rich Folks and Corporations – please fill your boots this afternoon – you’re only sticking it to yourselves…

#285 Jerry McCanuck on 10.19.15 at 1:23 pm

So…whats the bottom line…Trudeau will hack your TFSA, eliminate income splitting and raise CPP $1000 per person …..and you would vote for this? Across the board tax increases…because the CBC has been hounding you to hate Harper? Are you insane?

You must be a one percent civil servant to vote for a tax increase.

#286 Holy Crap Wheres The Tylenol on 10.19.15 at 1:33 pm

Lets see how far left we can drive this election. A little more to the left, a little more to the left, a little more to the left, Boom………………..there ya go right into the brick wall.

#287 Ralph Cramdown on 10.19.15 at 1:35 pm

Andrew Coyne’s minority report column that does NOT endorse the Conservatives gets the spike at the National Post, so he quits its editorial board. Funny comment from G&M comment section:

‘Globe and Mail Editor-in-Chief David Walmsley, asked to comment: “That’s a shame, Andrew is a top-notch editor and columnist and—hold on, why are you asking me about this? What are you snickering about?”‘ — commenter Mark Shore

#288 Ronaldo on 10.19.15 at 1:36 pm

Went to another polling station in Vernon to see if would get same response. Lady told me to go to Elections Canada office so I did. Was told that I must be home in order to vote and this being a Federal election nothing they could do for me. In other words, too bad for you.
First time in 48 years of voting that I have been denied a vote because I could no be at home to cast it. Does not seem right. Garth, is there any use complaining to anyone about this or would it just be a waste of time.

#289 Holy Crap Wheres The Tylenol on 10.19.15 at 1:38 pm

Trudeau is a real piece of work and if given the opportunity will sink this ship so god dam far we will have to get a 1000 foot ladder to go and see the Titanic from the depths of hell. If his group of teet sucking piglets get in with him you are all in for one hell of a ride. Good luck to anyone who voted Liberal. Ha don’t come bitching when he robs you god dam blind.

#290 Nora Lenderby on 10.19.15 at 2:10 pm

#155 just wondering on 10.18.15 at 9:06 pm
why a receipt for grass cutting? is it an investment house?

I didn’t ask for a receipt. I pay him by cheque monthly and he gives a receipt. He says he’s starting a business, starting small; cutting lawns, shovelling snow, doing garden chores. He is a happy, smart guy, rents a house, and works harder than anyone I’ve ever seen. Presently a bit under-capitalized but he just bought a new lawnmower… :-)

#291 Nora Lenderby on 10.19.15 at 2:13 pm

#123 MSM-Free Zone on 10.18.15 at 7:51 pm
#111 Stevladimir Harputin on 10.18.15 at 7:26 pm
Priceless. Well done. Are you the same dude who penned a similar schtick on our infamous Lord Balk of CrossDresser?

And the foreign rent boys working in massage, of course…I thought it was Mr. Nagraj in disguise, but I may be wrong.

#292 kommykim on 10.19.15 at 2:20 pm

RE:

#245 paul on 10.19.15 at 9:06 am
I guess that’s how you got here from someone ‘spreading their DNA around’

It certainly wasn’t via stork. Biology 101.

RE:

Sorry for you I did not realize your orientation.

So the method of conception determines orientation? Biology 101: Fail.

#293 bdy sktrn on 10.19.15 at 2:21 pm

just got back from the local gathering of socialists, commies, artists, unionists and such… otherwise known as the local polling station in van east riding.

I’m sure my vote is not even a spit into the usual orange hurricane, but felt i should go spit anyway.

so i make a crack about the ‘dep returning officer’ on the nametag of the guy at the table, asking should we salute him? – he says “yeah right ‘seig heil'” – as he hands me my ballot. some old guys can say anything!

#294 Investorz on 10.19.15 at 2:22 pm

TD Bank: “For those impacted colleagues, we are focused on treating them fairly and with respect through this process.”

Forget interest rates, layoffs affect sentiment and ability to service mortages instantly.

Now that finance is loosing well-paid jobs in Toronto, some will be selling and downsizing.

#295 Sean on 10.19.15 at 2:22 pm

#61 Mark on 10.18.15 at 5:24 pm

If I were advising Trudeau, I would tell him that every government policy or action of government must be examined with the view of its suitability towards growing the private sector economy sustainably.

————

In which, case, you would be advising Harper… Libs and Dips hire advisers who preach ways of securing the public sector jobs.

#296 Nora Lenderby on 10.19.15 at 2:24 pm

#218 Great Canadian Bubble Co. on 10.19.15 at 12:41 am
Feeling a bit testy on the blog today. Good to see people passionate and engaged in politics in Canada. Just remember we are all in this together. Your neighbor is not your enemy. Peace

Well said. C’mon Mr. FF and Mr. FTATF, you are both smart guys with a POV that Ifind interesting. I don’t much care for you calling each other “dickhead” like a couple of 5-year olds. I know it’s difficult…people can be so provocative.

And as for the pro- and anti-breeders’ cage fight…let’s just say we all have a right to choose our lifestyle, that’s what freedom is about. We value others’ right to choose as well, right?

#297 Holy Crap Wheres The Tylenol on 10.19.15 at 2:27 pm

#254 Mf on 10.19.15 at 10:08 am

And LOL to the guy who posted something like a hundred reasons why he is not voting con this election…..and zero reasons why he voting for anyone else. Great copy pasting skills.

I scrolled past it faster than any post I’ve ever seen SWL write on here (which is pretty fast).

This ABC “movement” should be called the BHFE (blame Harper for everything) movement.

Ingrown toe nail? Harper’s fault. Missed the bus? Harper’s fault. Food was cold? Harper’s fault.

Let’s see how it plays out.

Mf
____________________________________________
That and many other reasons are why I couldn’t even consider voting Lib. The two candidates that came to my door in Oakville presented two entirely different rationales on voting, The Cons! Where we are, where we intend to go, what we have done what we have planed and to mix it up when I asked about what they haven’t done, I did get an answer.
The Lib campaigners should be fired, when they came around all I got was we need to replace Harper, Harper is bad, Harper is evil, Harper is a this and that. Nothing about their own agenda of which I was amply prepared to crush. Not a thing on their plans. So I guess the plans are a surprise? Can not hardly wait to find out.

#298 VICTORIA TEA PARTY on 10.19.15 at 2:29 pm

THE COST OF BORROWED MONEY. IT MATTERS TO YOU

Sorry to pour rain water on all of you happy lefties out there, anticipating the imminent arrival of Nirvana and Utopia, following tonight’s media-predicted defeat of the Tories.

If either Mulcair or Trudeau wins a minority government, the most important question that needs to be asked will be: what will the cost of 5 and 10 year Canada bonds be tomorrow?

Higher, of course.

In other words, world-wide investors (who are as scarce as hen’s teeth right now because they don’t trust markets any more) will most probably be imposing a “premium” on those bonds if Mr. Harper is “sacked” by voters.

A premium means higher borrowing costs which will not only come out of the hides of consumer borrowers, but also of ALL taxpayers. and that will mean less money for the left-leaning social programs as promised.

It’ll also mean endless deficits, as Mr. Harper has patiently pointed out for months now.

But no one is listening espcially those who are ill-equipped to handle future higher borrowing costs. Which means most of you. Nay, ALL of you.

TRUDEAU MINORITY?

If there is a Trudeau minority win, with the NDP climbing into bed with the Libs, then that borrowing premium will go right through the roof.

And all of the party hacks, media know-it-alls and other political hangers-on will be beside themselves with rage.

Why?

Because they will have lost control of the pot of gold at the end of the rainbow (borrowed money) that would allow all young first-time-voters to become fully-subscribed entitlement bunnies lining up at the trough to get their slice of the pie because “they have it coming.” Damn rights they do and they WILL.

TRUDEAU MAJORITY?

But what if there is a majority Trudeau victory?
What will money cost then?

I dunno. Please refer to the above.

SOME ADVICE

If you have a mortgage right now, and your political leanings don’t matter that much or not, you may want to either vote Conservative, lock in rates today or run for the hills.

Those bonds give direction to interest rates.

In other words they’ll be higher tomorrow than they are today post-Harper.

Those of you who’ve painted yourselves into a debt-induced stupor, er I mean corner, may you live in interesting times. Ain’t seen nuthin’ yet.

#299 Nora Lenderby on 10.19.15 at 2:29 pm

Not to mention it’s pretty grumpy in Dogburg here today folks. Lovely bright Fall day. People voting at the polling station avoiding each other’s eyes. Quite the change from 2011.

And the octogenarians on the roads are trying to kill me. Mind my bike!

#300 paul on 10.19.15 at 2:34 pm

Well if Justin gets the nod he will blame Mr.Harper for leaving a mess whhaaa.
I hope we don’t have to listen to it for four years like Oboma’s blame bush for everything dance.

#301 Holy Crap Wheres The Tylenol on 10.19.15 at 2:36 pm

If you’re old, recall how things felt in 1968. If you’re young, get a souvenir selfie.
_____________________________________________
Nope no selfie with PET, I was in last year University in SoCal. But did see Tricky Dicky once. We all remember how that one went down. Nixon toured Texas, where he publicly criticized President Johnson’s State of the Union address, asking: “Can this nation afford to have four more years of Lyndon Johnson’s policies that have failed at home and abroad? Sounds familiar doesn’t it.

#302 paul on 10.19.15 at 2:37 pm

#292 kommykim on 10.19.15 at 2:20 pm

RE:

#245 paul on 10.19.15 at 9:06 am
I guess that’s how you got here from someone ‘spreading their DNA around’

It certainly wasn’t via stork. Biology 101.

RE:

Sorry for you I did not realize your orientation.

So the method of conception determines orientation? Biology 101: Fail
———————————————————-
No you are just rude no help for that.

#303 Jackblack on 10.19.15 at 2:41 pm

#136

Punishing success is not a sound strategy. You cannot be raised up by tearing others down, as good as it might feel. — Garth

Another way to look at it is how do you define success. Are we really punishing success when we tax the upper bracket, or are we punishing greed, politics, and a bit of luck. Or when we tax the upper bracket at we taxing “budyocracy”, and not necessarily meritocracy?

So just depending on how you look at how the system chooses the people that make over 200k, can change an opinion on the topic. Is it really people that are absolutely that good at what they do. To some extent yes, but not all. I would argue that in Canada the system is less based on meritocracy than in the States. I think in the sates there is a more favourable reward system towards people that have the merit to be in higher paying positions (based on intelligence or something positive for society along those lines). Again no system will be perfect in choosing the 1% but there shouldn’t be such a large gap in the incomes of Canadians.

Claiming the corporate ladder should be rewarded, but to an extent.

#304 Holy Crap Wheres The Tylenol on 10.19.15 at 2:44 pm

#300 paul on 10.19.15 at 2:34 pm

Well if Justin gets the nod he will blame Mr.Harper for leaving a mess whhaaa.
I hope we don’t have to listen to it for four years like Oboma’s blame bush for everything dance
______________________________________________
Well Justine is ready, wiling and able. Don’t worry we will all be smoking a big Acapulco gold dubie while we let tens-of thousands of unchecked refugees stream into he country post hast while the spending spree starts in earnest. At least we will all be stoned out of our heads legally when the newcomers take our own downtrodden peoples jobs here. Spend, spend, spend.

#305 Smartalox on 10.19.15 at 3:00 pm

@ Victoria Tea Party #120:

Actually, if you’d watched the Munk debate on foreignpolicy, you’d have heard Justin Trudeau shut down Harper’s blather about his party’s support of Israel, by stating that ALL of the parties support Israel’s right to exist and it’s right to defend itself and it’s people.

If you knew any Jewish people, you’d also know that many find the Harper government’s approach unsettling, like the time his party mined census data, and sent unsolicited ‘greeting’ cards to Jewish families.

A friend put it best when she asked “is anyone else concerned that this government, with its reputation for heavy handed and dictatorial behaviour, has announced that it knows where we live… and that we’re Jewish?”

#306 Ralph Cramdown on 10.19.15 at 3:05 pm

#297 Holy Crap Wheres The Tylenol — “The Lib campaigners should be fired, when they came around all I got was we need to replace Harper, Harper is bad, Harper is evil, Harper is a this and that. Nothing about their own agenda of which I was amply prepared to crush.”

They played it perfectly. When your opponent is disliked enough that “replace him with me” is a good enough reason for a plurality of voters, only an idiot campaigner gets into the weeds by discussing policies which might turn off or offend somebody for whom reason #1 was good enough. Sales rule #1 is don’t sell past the close.

#307 learningfromyou on 10.19.15 at 3:10 pm

#303 Jackblack

Unless we improve the educational system in Canada the ladder cannot be in other position than horizontal flat, it freaks me out the way the teacher has answered me in my parent meetings with them, their perception about success is that wrong that sometimes I thought it was a joke what they told me, sometimes giving me idea that they are in these positions only for their salary, without giving a crap about the knowledge acquired by the students, all the time the following video comes to my mind about the perception of knowledge

https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CB8QyCkwAGoVChMIusWA7ZzPyAIVUDuICh0lSQGR&url=https%3A%2F%2Fwww.ted.com%2Ftalks%2Frory_sutherland_life_lessons_from_an_ad_man%3Flanguage%3Den&usg=AFQjCNHQaHiXruhb2AQIU1oUfnNaz-tuLA&sig2=vjiT1LNDbUOpKxZhMeigNg

In South Korea the police stops the traffic near schools when the students are in the exams applying for higher studies, you find me one place in Canada with this level of social motivation and commitment for the students success and I will be the happiest person in the world thinking I’m wrong.

Please forgive me my pessimism, even this subject is fixed or you cannot stop the immigration to avoid the building falling on our heads.

With all due respect for those passionated teachers who give everything they have for the students.

#308 MF on 10.19.15 at 3:15 pm

#282 Blacksheep on 10.19.15 at 12:56 pm

“Trying not to be a dream crusher, I bit my tongue and advised her to wait and see how this ‘Hope & Change’ plays out. We can all see how that worked out.

Well here we go again and this time she’s a facebook activist for Justin.

I’m voting against my own $ interest, for my kid’s sake.

For my kids future.”

-Your post doesn’t make sense. Like you said yourself, after Obama’s message of “hope” look how it all played out.

Then you say that Trudeau represents hope? Just watch how it will turn out if he is voted in.

Your post doesn’t make sense.

My generation is too stupid to learn about the issues and vote thankfully. Too busy buying condos, going to clubs, and getting tattoos to bother.

Majority of us millennials work in the service sector, and this sector heavily depends on disposable income. If you want to talk about our future then the TFSA is central (doesn’t JT want to roll that back? Along with almost everything that puts money into the hands of Canadians?)

And if you are one of these self righteous people claiming moral superiority by voting for JT than spare me. I don’t care.

MF

#309 Dual Citizen In Canada on 10.19.15 at 3:21 pm

Change is always a good thing and should be embraced by everyone. Those who fail to adapt to change will be left behind. This is the nature of human beings, after all.

#310 EB on 10.19.15 at 3:25 pm

#289 Holy Crap Wheres The Tylenol on 10.19.15 at 1:38 pm

Speaking for myself alone, I’d love to see an end to this kind of US-style vitriolic politics and a return to civility. On all sides.

#311 Jackblack on 10.19.15 at 3:26 pm

Funny take on the Canadian election by John Oliver (Not Joe Oliver):

https://www.youtube.com/watch?v=0V5ckcTSYu8

#312 Ponzius Pilatus on 10.19.15 at 3:33 pm

No comments from SM.
I guess he’s finishing his bunker, knowing that the pinko commie henchmen will come after him after they are elected.
SM, switch to drinking vodka. I heard comrade Trudeau likes it with his diet Coke.

#313 Dup on 10.19.15 at 3:36 pm

If the golden spoon boy wins, what does that tell us?
You do not need any experience to be PM in Canada. What is he going to do with our money since it is not his? Ride it like he is doing with the fame he got from his father?

#314 stage1dave on 10.19.15 at 3:40 pm

Lots of great posts today…lookin fwd to tonites’ edition already!

Having fulfilled my civic duty/obligation, I did notice a large increase in youngsters lined up to vote; can’t remember that happening since the last time the PC’s got tossed…not a good sign for the Harperites.

I usually stick around for some idle conversation (in order to pick up some gossip about our collective motivations from others) but was outta smokes, so had to split.

Crap…gotta split again, MIL on her way over…with Chinese food!

#315 Justin Time on 10.19.15 at 3:47 pm

…..for a surprise Liberal majority tonight.

The results for the economy will actually be pretty benign.

But no leader will be able to stave off the coming real estate crash.

#316 kommykim on 10.19.15 at 3:58 pm

RE:

#302 paul on 10.19.15 at 2:37 pm
No you are just rude no help for that

Sorry, I didn’t realize that I had to agree with everything you say. Sorry about that.

#317 Holy Crap Wheres The Tylenol on 10.19.15 at 4:14 pm

#312 Ponzius Pilatus on 10.19.15 at 3:33 pm

No comments from SM.
I guess he’s finishing his bunker, knowing that the pinko commie henchmen will come after him after they are elected.
SM, switch to drinking vodka. I heard comrade Trudeau likes it with his diet Coke
__________________________________________
Da!

#318 Cdn Mom on 10.19.15 at 4:19 pm

275
It’s hilarious how Harper’s last two gifts to his base – the TFSA increase and the income splitting for families (which haven’t even been passed into law yet!), which benefit upper income Canadians far more than middle class, have become “depended on” by Canadians in less than 6 months.

It’s hilarious that you spout this. As a single income, blue collar family of four, we received the full $2,000 family income splitting credit last year. So you are saying such a family is not middle class, but upper income earners? Really?

#319 paul on 10.19.15 at 4:22 pm

#304 Holy Crap Wheres The Tylenol on 10.19.15 at 2:44 pm

#300 paul on 10.19.15 at 2:34 pm

Well if Justin gets the nod he will blame Mr.Harper for leaving a mess whhaaa.
I hope we don’t have to listen to it for four years like Oboma’s blame bush for everything dance
______________________________________________
Well Justine is ready, wiling and able. Don’t worry we will all be smoking a big Acapulco gold dubie while we let tens-of thousands of unchecked refugees stream into he country post hast while the spending spree starts in earnest. At least we will all be stoned out of our heads legally when the newcomers take our own downtrodden peoples jobs here. Spend, spend, spend
———————————————————-
He may be willing but ABLE not so much.

#320 Nagraj on 10.19.15 at 4:22 pm

for #291 NORA LENDERBY (a singularly astute reader)

Indeed, Ms L., when I first read #111 STEVLADIMIR HARPUTIN my first thought was – heck, when did I write this, is my memory failing me already –
But it was not Mr.N. All credit to Stevladimir. Hope he does a piece on the election outcome.

#321 Bytor the Snow Dog on 10.19.15 at 4:24 pm

Wow, HCPTT is in rare form today. You’d need a lotta cheese to stomach all of his whine.

Let’s just see how it plays out, shall we?

#322 Milla on 10.19.15 at 4:41 pm

Some calls Harper a dictator. Apparently he is the most neutral leader in our multicultural but not not integral sosiety. We need a strong person to reconcile our sometimes contradictory cultural baggages. If not him then another stronge conservative will do. But not those who already bent under certain minority pressure. What about the rest of Canadian minorities and majorities interests?

#323 jess on 10.19.15 at 4:51 pm

julia:
misinformation of information

see wall street on parade
By Pam Martens: October 19, 2015

========
the 1%er’s
As the Government Accountability Office (GAO) reported and Senator Elizabeth Warren stated in the Senate Banking Committee on March 3 of this year, Citigroup (the largest insured bank in the U.S. in 2008 in terms of assets), Merrill Lynch (which owned insured banks) and Morgan Stanley (also owner of an insured bank) required a cumulative total of more than $6 trillion in secret loan assistance from the Federal Reserve during the financial crash. Warren stated:

“During the financial crisis, Congress bailed out the big banks with hundreds of billions of dollars in taxpayer money; and that’s a lot of money. But the biggest money for the biggest banks was never voted on by Congress. Instead, between 2007 and 2009, the Fed provided over $13 trillion in emergency lending to just a handful of large financial institutions. That’s nearly 20 times the amount authorized in the TARP bailout.

“Now, let’s be clear, those Fed loans were a bailout too. Nearly all the money went to too-big-to-fail institutions. For example, in one emergency lending program, the Fed put out $9 trillion and over two-thirds of the money went to just three institutions: Citigroup, Morgan Stanley and Merrill Lynch.

“Those loans were made available at rock bottom interest rates – in many cases under 1 percent. And the loans could be continuously rolled over so they were effectively available for an average of about two years.”

===========

“For Rolexes, bespoke suits and a private basketball court, John Ashe, the 68th President of the UN General Assembly, sold himself and the global institution he led,” said Preet Bharara, the U.S. Attorney in Manhattan.

http://www.justice.gov/usao-sdny/pr/former-un-general-assembly-president-and-five-others-charged-13-million-bribery-scheme

#324 Stevladimir Harputin on 10.19.15 at 5:03 pm

Friends, comrades, let me be clear.

The old-stock acolytes among you who have spoken in praise of me have done themselves, and their country proud. I would say it warms my heart, if I cared to find it, but the truth is that I will mock and undermine them somewhat less, deservedly so.

Tonight you still have an important duty to perform. Do it in confidence that tomorrow, I shall remain your leader, no matter what.

You shall be my Crimea, my National Post.

I shall be the object of your obeisance and envy, Stevladimir Harputin.

What has worked for my cabinet and administration is certainly good enough for you.

Do as you are told.

#325 bigM on 10.19.15 at 6:00 pm

Well, here we go.

May God have mercy on our souls, our wallets, and our TFSA’s.

#326 boopsie on 10.19.15 at 6:19 pm

Ronaldo
My friend, you blew it. You had to appear at your
hometown EC office …most of which opened in August.
It is called special ballot, and I used it last time.
That opportunity disappeared on Oct 13.
Mail is another option, but again there are time limits.
You live and learn.

#327 entropic entity on 10.19.15 at 8:02 pm

@ #51 Michael King
“How much illegal, ethically and morally bankrupt and anti-democratic behaviour do we have to witness from President (sic) Steve himself and his gang of thugs before he is voted out of office? I would love the TFSA limit to stay as it is but I also have to look at myself in the mirror every day.”

Thank you for expressing the essence of the matter so clearly.

#328 Rural Rick on 10.19.15 at 9:12 pm

London, Paris, and New York have way more rats than Toronto.

#329 Gregg on 10.19.15 at 10:16 pm

For those advocating for electoral reform, you would want us to vote on it,right??

I mean what could be more democratic than the people selecting their own electoral system?

Especially one that has been voted down in 3 provinces (twice in BC) representing over 50% of all Canadians.

#330 Jodper on 10.19.15 at 11:17 pm

At least the Jay’s are still in the race