The dilemma

Justin Trudeau’s yellow Lab.

Tim’s 41 and his wife 36. “We are Toronto poor,” he laments. Poor is relative. Poor is how you feel, not just what you possess. So, yes, Tim is poor.

“We earn just over $100k annually before taxes, rent a home for $2250 a month, we both finally paid off the last of our student loans this year ($40,000) and have less than $10k between the two of us in retirement savings. Seriously, my blood pressure spikes when I see you post the net worth of similarly aged folks.”

Well, being debt-free and unencumbered with a mortgage is not such a bad thing in a society where four in ten say they’re one paycheque away from perdition. Falling into debt and succumbing to the siren call of lenders is easy. Most have taken the bait. Crawling back out is torture. Be proud of that.

Now, Tim, what can we do for you?

“I need your advice: How should I vote this election? Reading your blog for too many years has made me allergic to fiscal pandering. Trudeau offering downpayment-sharing (or whatever it’s called) with the CMHC for homes up to $800,000 seems like lunacy and will only pour gas on the real estate fire. Putting us all in greater risk of a recession. Scheer offering further tax cuts to the lowest tax bracket seems equally stupid, they already pay next to nothing in taxes. Likewise, don’t diddle with B20, it’s the only piece of sanity that’s been introduced into GTA and GVRD real estate.

“Disgusted with both main parties (and forget the NDP, their fiscal policies are laughable at best) I found myself looking at the Greens platform which seemed sound until they mentioned a tax on bank profits. So in a FPTP voting system where we vote on incumbency, not principles, who do I vote for to get fiscal sanity?”

Big question. So let’s put the sexy stuff – Lavalin, homophobia, blackface, abortion, white power, guns, Jody and Jane – aside for a minute and just look at policy surrounding real estate. After all, there’s no single aspect of Canadian financial life that even comes close. That’s why the news (fake or otherwise) the Liberal caucus was advocating taxing house profits riled so many people. We’re property junkies. And politicians can’t keep their mitts off it.

So where do the parties stand?

Libs: goose RRSP withdrawals for down paymets to 35k a person; bring in shared-equity mortgages offering a max of 10% on houses up to $789,000 in the GTA and LM; review high real estate prices in demand markets; remove GST from rental construction; pump $125 million/year into for-lease apartments; invest new billions into affordable and seniors housing. Plus bring in a new national tax on non-resident buyers, even in markets where the investment is wanted.

Cons: scrap the stress test for people renewing their mortgages; consider gutting the stress test to boost affordability and bring back 30-year amortizations; cut red tape and delays making new housing more expensive; cut taxes and ditch the carbon tax to boost incomes.

Dippers: double tax credit for newbie buyers; bring back 30-year insured mortgages for first-time purchasers; remove HST/GST from new rental construction; spend $5 billion building 500,000 affordable housing units.

Greens: legislate 20% of all new building to be affordable; adopt a tiny homes/laneway homes/co-op/shipping container homes policy; put $200 million into funding shelters and co-op housing.

Mad Max: nothing.

Of course only the Libs or Cons will form government. If a minority, support must be garnered from the NDP. In recent days Scheer’s numbers have been trending and Trudeau’s receding. But we’re not voting today. A lot can change by October 21st, and our first-past-the-post system suggests the current government will be returned. That system also means every vote cast for a can’t-ever-win outfit like the People’s Party is worth two for the Liberals. Conservatives well remember how masterfully Preston Manning and the Reform Party split the vote – delivering 12 years of Liberal governance. Politics, it turns out, is all about math.

Is there an easy and responsible choice for small-c voters?

Nah. Scheer blew it with a $6 billion tax cut in a country where too few people pay taxes and the deficit is structural. Diddling with the stress test, our last defence against house horniness, is irresponsible. Trudeau’s overspending is rampant and the government sharing people’s mortgages and home equity is just plain weird. Absent are incentives to help renters, which will reduce demand, a reform of the Canada Interest Act to provide longer, stable mortgages or a scaling-back of the tax benefits of owning real estate, which will dampen values. Surely stuff like that merits debate.

So, Tim, there’s no answer. They all have hair on them. Maybe it’s what we get for running leaders with no gray hair.

The only solution: vote for the local candidate with the best creds, experience and independent streak. If (s)he comes to visit you, so much the better. Thank them for that. It takes guts.

144 comments ↓

#1 Lost...but not leased on 09.22.19 at 2:15 pm

phyyrzzzt..past the post

#2 S.Bby on 09.22.19 at 2:20 pm

Is this who we want representing Canada to the world?

https://globalnews.ca/news/5926209/justin-trudeau-brownface-international-reaction/?utm_source=Article&utm_medium=MostPopular&utm_campaign=2014

What an embarrassment this guy is to Canada.

#3 Free the North on 09.22.19 at 2:24 pm

DELETED

#4 TurnerNation on 09.22.19 at 2:25 pm

Here’s hoping that the T2 UN Climate Mob will not be dropping by lil L’berg on the Least Coast.
I can imagine it:
– That’s a real nice historical building you got there Mister. Would be a reeeal shame if some climate were to happen to it.
– Uh uh okay what do you guys want.
– We want 5% of your gross income in Global taxation.


At least oil and natural gas are trading on a somewhat free / oligarch market.
But electricity is totally priced and controlled via government and crown corps.
Kommunism….here we come. The kids are on board.

Please sir may I have my ration of Basic Income, Carbon and travel pass??

#5 Flop... on 09.22.19 at 2:29 pm

After reviewing the local candidates, I have made my voting choice.

Gonna go to my local watering hole and vote that happy hour be extended for medicinal purposes.

It’s going to be a long four years…

M45BC

#6 Eco Capitalist on 09.22.19 at 2:30 pm

Can’t ever win? If Canadians would vote for something, instead of against something, I think we could accomplish real change. I hold out a slim hope that this time, it will be different.

#7 AGuyInVancouver on 09.22.19 at 2:41 pm

RE the supposed “rampant overspending”:

“The national debt: Canada has the lowest debt burden in the Group of Seven. The weight of federal debt is not heavy and increasing; it’s light and shrinking. The debt-to-GDP ratio, a measure of the debt relative to the size of the economy as measured by gross domestic product, was low in 2015, and it’s gone down over the past four years.

At just 1 per cent of GDP, federal debt-service costs in 2018-19 were lower than at any time since at least the mid-1960s. Ottawa is currently spending less on debt servicing than during the Stephen Harper era.

In short, Ottawa does not have a debt crisis, or even a debt problem. The other parties are free to disagree with the Liberal government’s choices on other issues, but (we’re looking at you, Conservatives) don’t even try arguing that it’s dug Canada into a fiscal hole…”

https://www.theglobeandmail.com/opinion/editorials/article-the-debt-the-deficit-and-other-things-this-election-isnt-about/

Deficit, not debt. That’s what ‘overspending’ means. – Garth

#8 1%er on 09.22.19 at 2:42 pm

Hey Tim, u and ur wife should both go get 2nd jobs, you
Both should be working 16-18 hours a day. That’s how you get a head in Life. It don’t matter who you vote for.
Ur welcome

#9 crossbordershopper on 09.22.19 at 2:44 pm

going to get my license to grow for personal use, due to my cronic “pain”, cut costs thats the answer to canada.
look after yourself. no one else will.

#10 NEVER GIVE UP on 09.22.19 at 2:48 pm

‘The safest way to double your money is to fold it over and put it in your pocket.’ —Kin Hubbard

Too many people spend money the never earned, to buy things they don’t want, to impress people they don’t like. Will Smith

Gold is the currency of Kings,
Cash is the currency of Merchants,
Credit is the currency of Slaves.

#11 Flop... on 09.22.19 at 2:56 pm

Hey Crowdie, forget Svend Robinson, if I was in your riding I would be voting for Rocky Dong.

At least he is honest enough to show you what is coming your way…

M45BC

https://en.m.wikipedia.org/wiki/Burnaby_North—Seymour

#12 45north on 09.22.19 at 2:59 pm

Is there an easy and responsible choice for small-c voters?

Nah. Scheer blew it with a $6 billion tax cut in a country where too few people pay taxes and the deficit is structural. Diddling with the stress test, our last defence against house horniness, is irresponsible. Trudeau’s overspending is rampant and the government sharing people’s mortgages and home equity is just plain weird. Absent are incentives to help renters, which will reduce demand, a reform of the Canada Interest Act to provide longer, stable mortgages or a scaling-back of the tax benefits of owning real estate, which will dampen values. Surely stuff like that merits debate.

sounds like a conspiracy – to wreck the country. I remember somebody saying don’t put down to conspiracy what can be explained by mere stupidity. Still sounds like a conspiracy.

#13 Scott on 09.22.19 at 3:15 pm

If you have no confidence in a party doing a half decent job then go and spoil your vote. Unfortunately Canada does a horrid job as far as covering how this vote turns out but you’re still making a statement with your vote. I’ve done this with my last three votes and this time around (barring a major change) I’ll actually be casting it for someone rather than against everyone haha.

#14 Yukon Elvis on 09.22.19 at 3:22 pm

Simple equation. Whoever offers the most free stuff wins. Even an airhead in an empty suit will get elected. Take from those who have (thru taxation) and give to those who have not. There are more have nots than there are haves so they will out vote you. We will carry on like this until we collapse financially. It will take a long time. Voting for the local candidate with the best creds, experience and independent streak will get you nothing and get the candidate kicked out of caucus. Like Garth. Take the freebies and game the system the best you can. Then dig in and cover yer ass.

#15 Habbit on 09.22.19 at 3:35 pm

Scheer is another compromise leader like joe Clark. Even with Mr socks libs will win.kinda like Harper winning against those heavy weights Dionne, Ignatieff and Rae lol

#16 Grey Hair on 09.22.19 at 3:38 pm

“Maybe it’s what we get for running leaders with no gray hair.”

Then again, there are plenty of folks with gray hair who had a stint in politics but do not have serious experience or credibility either. Politics does not exactly attract people with brains, integrity, and experience. It only attracts people who at best have two out of the three, and are unlikely to ever have the third.

#17 Linda on 09.22.19 at 3:38 pm

Tim, at least you have a choice of Green or NDP. In our riding, we’ve got 4 candidates. One Conservative, one Liberal, one People’s Party & one Christian Heritage Party. ‘None of the above’ isn’t a choice on the ballot, so as Garth says, do your research & pick the one who you think will do the least damage overall. As for ‘wasting your vote’ by voting for ‘the losing party’ don’t believe that twaddle. Not voting is the one way to ensure ‘the losing side’ does indeed lose. Plus if enough people vote against the winning side that just might send a message that they didn’t win because people supported them.

#18 Sail Away on 09.22.19 at 3:40 pm

All religions tell you who to love, who to hate, and who to pay.

Climate change is the west’s newest religion. The recent youth climate conferences were the modern equivalent of the 1212 Children’s Crusade.

So here I am, again, a religious skeptic who will have to tithe the carbon tax and endure the mindless blather of believers.

#19 BillyBob on 09.22.19 at 3:40 pm

Some comment from yesterday saying the Trudeau brownface thing is no big deal, Cons are blowing it out of proportion, blah blah blah…

Wellll…maybeee. Everyone can make a mistake in their youth. Not sure how anyone could be quite THAT tone-deaf, but let’s be charitable. He isn’t exactly the brightest bulb after all.

Except, that it wasn’t “a mistake”. It happened a number of times, to a degree that the idiot can’t even remember how many times he put on facepaint.

That to me says “pattern”. Couple it with the way women in his caucus have been treated the tolerant, feminist facade cracks further.

Putting up Insta pics to prove how chummy he is with minorities is just nauseating.

But then, this is a populace content to be bought with their own money, so who can be surprised if folks fall for it?

A lesson on how if you’re going to be painfully self-righteous perhaps it’s best to not have a few skeletons in the closet?

#20 WUL on 09.22.19 at 3:45 pm

A couple of points if I may:

I am moving back to Fort McMurray in 3 weeks. For a good gig.

20% loss of businesses in The Mac since 2015. Population down 11% since the 2016 fire.

And note this:

“The average cost of a single-family home in Alberta’s oilsands region was $571,000 in 2018, down significantly from the $764,000 average in 2014.”

Just a flesh wound of 25%.

https://www.cbc.ca/news/canada/edmonton/fort-mcmurray-osca-businesses-community-1.5287733

The second point is that I’m saddened to see the empty stands at CFL games these days. I think our grand old league is in trouble. I’ve enjoyed Canadian football for the last 57 years.

#21 N on 09.22.19 at 3:56 pm

The party has not released specific policy on this issue ⁠— but Leader Maxime Bernier has blamed high housing costs in Toronto and Vancouver on zoning regulations and high immigration levels.
https://newsinteractives.cbc.ca/elections/federal/2019/party-platforms/

Figures. – Garth

#22 Lost...but not leased on 09.22.19 at 4:15 pm

Major Red Flag: The Fed Shocks Everyone With An Emergency Intervention In The Repo Market For The First Time Since 2008

http://www.renegadetribune.com/major-red-flag-the-fed-shocks-everyone-with-an-emergency-intervention-in-the-repo-market-for-the-first-time-since-2008/

QUOTE:

For the very first time since the last financial crisis, the Federal Reserve has been forced to conduct an emergency intervention in the repo market. I know that a lot of people out there don’t know what the repo market is or how it works, and so let me start out with a very basic analogy that may help people understand what we are facing.

It doesn’t really matter how shiny your toilet is – if the pipes underneath don’t work, you are in a whole lot of trouble. The repo market plays a critical role in our financial system, because it allows our banks to rapidly borrow money, and that money is often used to purchase financial instruments such as Treasury bonds. But this week interest rates in the repo market started to shoot up to frightening levels, and the Federal Reserve was forced to intervene for the first time since the financial crisis of 2008.

#23 mike from mtl on 09.22.19 at 4:26 pm

Tim, forget it. If it’s not already clear the MOST important thing is housing, no political party would dare hurt the most important asset of 70% of the voters. There is huge vested interests (taxes, legal fees, banks, construction, furnishing, etc) in keeping RE high for as long as possible.

Hey, closest thing to a “none of the above” is the Rhinoceros party who are campaigning this year.

#24 Yukon Elvis on 09.22.19 at 4:32 pm

And let us not forget how mean he was to that poor drunken midget aboriginal senator Patrick Brazeau in Rolling Stone magazine in 2012 and then beat him up :

Trudeau has been criticized by Indigenous activists for the way he described Brazeau, an Indigenous senator, to the U.S. magazine when discussing a charity boxing match held in 2012.

“I wanted someone who would be a good foil, and we stumbled upon the scrappy tough-guy senator from an Indigenous community. He fit the bill, and it was a very nice counterpoint,” Trudeau told Rolling Stone.

“I saw it as the right kind of narrative, the right story to tell.”

Cindy Blackstock, a prominent activist for First Nations children, says she hopes this is a learning moment for Trudeau, as his original comments are concerning.

#25 Yukon Elvis on 09.22.19 at 4:41 pm

Forgot the link:
https://www.cbc.ca/news/politics/trudeau-regrets-rolling-stone-comments-brazeau-1.4230498

#26 YVRCHICK on 09.22.19 at 4:48 pm

#AllLabsMatter

#27 Peter on 09.22.19 at 4:52 pm

Indeed, it seems that there’s nothing for a small-c fiscal conservative to do. I mentioned these concerns to my colleagues the other day. They’re originally from the Ukraine and still follow the politics there. They seemed to find my concerns amusing. Compared to the endemic corruption over there, our own problems do seem rather quaint.

So higher deficits are certain, as is a painful repeat of the 90’s at some point. But whether we get Sheer or Trudeau, it’s a least somewhat reassuring to know that our basic rights will be protected, our government will continue to function, and the country will carry on more or less as it has these past years.

#28 Drill Baby Drill on 09.22.19 at 4:56 pm

Great Brownface golden lab photo today. This whole brownface thing has gone to the dogs.

#29 Tannhäuser Gatekeeper on 09.22.19 at 4:57 pm

“A lesson on how if you’re going to be painfully self-righteous perhaps it’s best to not have a few skeletons in the closet?”

Or offer to raise the basic deduction from $12,069 to $15,000.

We’ve already established that the electorate can be bought. Now we’re just negotiating the price.

#30 TurnerNation on 09.22.19 at 5:03 pm

“Hey Joey break-a that man’s weather vane over there.”
“Yes Boss”. The material writes itself.

SAY which ‘leader’ is mandating Solar Panels be installed on every new residential and commercial build in this country??
It’s 2020. We have the technology. Child’s play.

The current UN-backed regime gave away overseas billions for ‘climate change’ instead of buying us solar panels or rebates at home.
You see, our elite rulers have one goal to control our energy. No cheap energy allowed. Only government-controlled electricity rates is coming.

This crop of banker-boys is working for the banks. Get it.
You see folks we are being sold a Scam not a Solution.

#31 april on 09.22.19 at 5:25 pm

#23 – check out, Dane Eitel or Eitel Insights, Market update, regarding Canadian real estate.

#32 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 09.22.19 at 5:36 pm

Garth, of COURSE it’s depressing to look at our awful federal election choices.

So let’s focus on some POSITIVES for today :)

The Toronto Make Believes have NOT LOST A REGULAR SEASON GAME IN OVER 150 DAYS!!!!!!!!!!!!!

WooHoo!! What a streak! What an awesome city!

And the Blow Jays have only had ONE 7 game losing streak this whole month!!

The Arghh Hoes have already WON 2 out of 12 games!!

And Mississauga celebrated Bianca Andreescu’s tennis win last weekend, and there hadn’t been a mass shooting there involving at least 7 gunmen for over 12 hours!! Nobody was even shot at the celebration!

(This whole week there have been fewer than 50 shootings across the entire GTA!!)

The most safe, livable and delightful winning place in all of Canada reigns supreme – cash in all your savings and buy as many condos as you can there folks, this incredible winning streak will only continue!!!

#33 Out Of Work CEO, Will Travel on 09.22.19 at 5:37 pm

The 2020 U.S. election candidates and frontrunners up against President Trump are all close to his young 70 give or take a few years. The young group includes Bernie Sanders 78; Elizabeth Warren 70 and last but not least Jo Biden 76. The American group of boomers contrasts with our Canadian almost but not quite millineals. The Canadian group does have one redeeming oldster Elizabeth May. Ms. May speaks in broad strokes of uplifting upheavals for the very conservative Canadian public who first and foremost don’t want to sink any further down that most important cliche in the contest for the “middle income vote.”

#34 tkid on 09.22.19 at 5:39 pm

Hi Tim,

you’ve got time to get things under control. A decade ago I was your age, and had a similar amount in the bank, with a similar salary as you. I found Garth, and the notion of a balanced portfolio.

Now I’ve got enough to leanfire, but not fire. You’ve got a partner to help you cut expenses, so you’re better off than I was. Get your expenses down. Have the bank move a set amount out of your main account into investing accounts every paycheque. If you earn overtime, that goes into the investing accounts also.

From the investing accounts you can do further transfers into RRSPs and TFSAs. Do this yearly.

If you do this, as unsexy as this is, in 10 years you’ll have a significant amount in savings without really trying hard.

#35 Win..not lose on 09.22.19 at 5:53 pm

Say No! to Habitual Blackface

http://bit.ly/2kNbbRg

#36 crowdedelevatorfartz on 09.22.19 at 6:00 pm

@#11 Flop
“Hey Crowdie, forget Svend Robinson, if I was in your riding I would be voting for Rocky Dong.”
+++++

Lol.
No worries.
I wont be voting for someone who’s name sounds like a medical ailment.
The Liberal incumbent isnt on my list
Svend “White Swan the Diamond’s GONE!” isn’t on the list either.

Rocky Dong reminds me of when I had to go downtown to a pick up a company uniform at one of the large Dept store.
I went to the Mens wear Dept and asked to speak to the person in charge of corporate accounts…
“No problem sir.”
“Paging Harry Wang! Harry Wang to Mens wear!”

Everyone in the store burst out laughing.
I’m….. not….. kidding.

#37 Ronaldo on 09.22.19 at 6:15 pm

#36 crowdedelevatorfartz on 09.22.19 at 6:00 pm

Reminds me of the time when I was working the front desk at a hotel during my high school years and someone called in and asked to page “Bob Loblaw” to the lobby. Now that got a lot of laughter from the people in the lobby.

#38 Bezengy on 09.22.19 at 6:28 pm

The Libs, NDP, and Greens are so far to the left now that the Cons own 90% of the political spectrum. They can promise guaranteed cash for life and still be considered right wing extremists. I predict a Con majority. As soon as the PBO releases cost estimates people should be able to see all there is no such thing as a free lunch.

#39 Tannhäuser Gatekeeper on 09.22.19 at 6:28 pm

Deep into the weeds here, folks.

I was curious about the word “brownface,” never having heard it before. I checked Google trends, N-grams and books, and it has been a VERY rare word, until about a week ago.

But I did find an essay in the Routledge Dance Studies Reader:

“I have called this performance of Latinness ‘brownface’, referring to the body paint worn by ballroom dance competitors, particularly in the Latin division. Brownface is required of Dancing with the Stars contestants as well, even those whose skin is by nature melanin-rich. The embrace of brownface even by African American contestant Monique Coleman, who appears in one of the on-show interview clips saying, ‘even I got a spray tan. I’ve been sucked in — I’m a black girl!’ illustrates that brownface is not merely about prepping pale skin for the harsh lens of television. It is about donning a mask of Latinness […]”

Coleman was on the show in 2006.

And I found a recap of Latin Night Season 23 (2016): “Ryan Lochte and Cheryl Burke […] Julianne loves his commitment, including the spray tan.”

https://www.youtube.com/watch?v=RyesqgTplk8

Brownface on network television, in 2016. Be shocked and appalled all ye who, like me, cut the cord years ago and wouldn’t watch this crap if paid (wouldn’t generally read critical essays about dance either, TBH).

https://books.google.ca/books?id=akgKtpcimXIC&pg=PA266&dq=%22brownface%22&hl=en&sa=X&ved=0ahUKEwjTk57PrOXkAhXLGDQIHRcjCmYQ6AEIMTAB#v=onepage&q=%22brownface%22&f=false

https://dance.washington.edu/research/presentations/brownface-and-dancing-stars-reality-television-and-stage-dance-realities

Not that Trudeau’s perfect defence here would be “Hey, they do it on Dancing with the Stars!” Contrition is the watchword.

#40 Borden Renter on 09.22.19 at 6:31 pm

If Trudeau gets in for round two, Canada is well and truly hooped.

I’m scratching my head as to how any sensible person can still think that Trudeau is worth a vote after everything that has transpired since 2015. I’ve actually heard people say that they believe he’s doing a good job! On what planet do they reside? He is an international laughingstock, even more so in the past few days.

We get the leaders we deserve, and the examples showing up in the democracies of the world are proof positive that warm-body democracy was a mistake.

#41 Yukon Elvis on 09.22.19 at 6:42 pm

#36 crowdedelevatorfarts
Rocky Dong reminds me of when I had to go downtown to a pick up a company uniform at one of the large Dept store.
I went to the Mens wear Dept and asked to speak to the person in charge of corporate accounts…
“No problem sir.”
“Paging Harry Wang! Harry Wang to Mens wear!”
…………………..

Like the argument on the Benny Hill show between Ivor Biggun and Ivan Biggar.

#42 conan on 09.22.19 at 6:47 pm

A return of the Cons would be a body blow to the planet.
Too anti science for me. They are not even good fiscal managers . They are the worst Party for that. A myth exposed.

#43 Sprawl on 09.22.19 at 7:05 pm

So? “Noting” wins! Let the market decide.

Anthropogenic authentic policy saves the day. Mitigate population growth and new housing demand Save the planet and innocent wild ones.
Proud of you for referencing Mad Max.

Maybe too much unwarranted praise. But things sure are a mess.

What’s with the new 2019 Tax and Benefit Form and out with the old T1 General Tax Return? Residents of Canada (not just citizens) are expected to make a self-assessment and declare their income, domestic and foreign. Employers not required to issue a T4 or anything else in the future to employees? Don’t see how that will work out.

Going after Tips ( assessed at 100 to 400% of income if not declared) and hitting on baby-sitters pocket money seems unseemly.

#44 TC on 09.22.19 at 7:06 pm

Better the devil you know than the one you don’t. I’m not voting this time which will ensure the Liberals get back in. I honestly think they can kick the can down the road for 4 more years and leave a huge mess for the next Government formed to solve. I know we are all on the road to fiscal destruction……………I just don’t know when? 4 more more years of corruption, bribery, lies, cheating etc…..will get us all 4 more years older and 4 more years closer to when we will all check out for good. That is good enough for me since there are no more true leaders left in this country.

#45 Sebee on 09.22.19 at 7:08 pm

Flop, you made me really look at my plastic consumption.

I dumped the crappie Keurig a while back, invite everyone to do so. Damn cups are impossible to recycle. Even the inventor is concerned a special place is reserved for him down below.

https://www.google.com/amp/s/amp.businessinsider.com/k-cup-inventor-john-sylvans-regret-2015-3

#46 reynolds531 on 09.22.19 at 7:10 pm

We could get a lot done if they just made me Supreme Overlord. Also stay out of my gun safe Trudeau.

#47 Sebee on 09.22.19 at 7:14 pm

Garth,

Toronto is still 1.23m for average detached and at 17x average $70k Toronto income, yes?

We’re so special.

Check out this 1m south of Buffalo crib, comes with 59 acres, landing strip in the back yard (for airplanes!) a 2bdrm guest house and 3 ponds.

https://www.zillow.com/homedetails/8659-Finch-Rd-Colden-NY-14033/98040661_zpid/

…or you can have a 22 ft wide detached in Toronto if you throw in 400k more. Your call.

#48 Bdwy on 09.22.19 at 7:28 pm

30 TurnerNation on 09.22.19 at 5:03 pm

“Hey Joey break-a that man’s weather vane over there.”
“Yes Boss”. The material writes itself.

SAY which ‘leader’ is mandating Solar Panels be installed on every new residential and commercial build in this country??
———–
Wtf? That’s insane. You are free to install all the panels you want, today.
You will lose money guaranteed over buying it unless you move your house to nevada.
I designed and run 2 different solar systems ,mucho expensive power vs the grid.
Forget about any juice in the winter.

Canada needs fewer eco-commies who dont get math or kilowatts.

There is one larger co doing solar here in van, customer base is 100% virtue signaling rich Tesla drivers. Zero installs are paying back in 25 yrs.

#49 Treasure Island CEO - 28,996, 034.43 offshore on 09.22.19 at 7:31 pm

Canadians are screwed.

You missed the Liberal part about taxing principle gains on primary residences – long over due – brainchild of Monreau and its coming. This will be more effective reining in speculation than B20.

I would be going one step further to fix supply. Mandate only one home per Canadian family until supply sorts itself out (which would happen overnight with this policy). All additional homes will be seized and resold at market value to Canadian families who do not yet own a home and would like to purchase. Shifting away from a housing and airbnb economy is the only thing to save Canada. Ain’t going to happen. People should be planning their exit.

Libs have the best platform by far. Not a fan of Trudeau but voting for him. Forward looking and the alternatives are horrible.

Sheer wants to scrap B20 and reverse weed legislation.

None of the politicians are going to tackle dirty money.

Everything is swirling around saving housing. Worst short term thinking ever. Keep kicking the can until one day it implodes in the form of the household debt bomb. Dumb, dumb, dumb. But what else do you expect from politicians. All short term moves. Anyone staying in Canada needs to leverage to the hilt and start rolling over debt the same way the banks are to survive. Your house is the asset to carry you with leverage capabilities. Forget retirement. This is the only way to survive the path Canada is going. This will get you to retirement, otherwise you won’t even make it until retirement without being obliterated.

Moving out of the Country for good is your best bet.

#50 Keith on 09.22.19 at 7:31 pm

Andrew Scheer’s platform includes many billions in tax cuts, a pledge to maintain or increase spending, less than 2 billion in announced spending cuts, and a balanced budget in five years. I look forward to a detailed breakdown of how all that will be accomplished. Sadly the sum of his promises, while vast is actually the least expensive of all the parties, who seem to be engaged in a contest to see who can shovel our own money off the back of a truck the fastest.

We get the politicians and policies we get because of our system, which has been gamed beyond belief. Time for real change, which no one is promising.

#51 Sebee on 09.22.19 at 7:39 pm

Garth,

Last post…for today.

You know, there is this whole thing about opioid crisis. First we blamed the users. Then we blamed the pharmacies. Then we blamed the distributors. Then the producers….Sacklers and their kind. But in the end I learned while back that it was the FDA that permitted the type of abusive prescription that has caused this epidemic to explode.

So while we often shame people for taking on crazy leverage to get a place to live, let us not forget who’s enabling the whole thing…CMHC right at the top of the blame food chain. As such should get called out 97% of the time and take 97% of the blame.

#52 acdel on 09.22.19 at 7:40 pm

Just emailed Scheer and mentioned if he really is serious about forming a majority government that he should read your blogs and give you a call. You can kick my ass later but we need some leadership in this country. :)

#53 BlogDog123 on 09.22.19 at 7:42 pm

Tim,

A patriotic populace should vote Conservative. Here’s my take:

1. Alberta is getting royally screwed with a ‘no tanker bills’ that limits Canadian made petroleum products from leaving via BC. No such eco-ban exists for Saudi oil coming through the east coast. Northern Gateway cancelled before it began.

2. The Trans Mountain pipeline extension that Trud’oh bought and not finished is not getting vigorous representation by the feds to show up to court and defend its completion from even more litigation. A national disgrace.

3. Alberta jobs and livelihoods suffering while the Ethically challenged Trud’oh ignores them, instead focusing on “6000 jobs” tied to his Papineau riding. He takes orders from SNC to slip an escape hatch into the 2018 budget. Lots of greasy pandering, lobbying, harrassing, lying, badgering, circumventing while he does what SNC says to do. Nothing for AB.

4. If Alberta can get its product to market for a price better than sending to USA, economic prosperity for the province and the country is the result. Companies in Ontario can build machinery needed to expand the export of Alberta oil. People can get paycheques and pay taxes. Investment dollars can return to AB.

Trudo’h doesn’t give a rats ass about Alberta’s woes, the deficit or how lots of money flowing into this country could solve so many problems. He’d rather torch the economy if it buys him a few political points and get photo ops wearing his latest costume.

Economic prosperity first, all that greeny feel-goodery later. It worked for Norway and other oil rich places. It would work for Canada if we had a federal government who cares for Western Canada’s urgent needs.

#54 Calgary retiree on 09.22.19 at 7:54 pm

In Southern Alberta, where I live, a dead horse will be elected, as long as it’s a Con. In fact, several dead horses have been elected and smelled up Parliament badly…
Still, I can be bought and the Cons got the magic formula for me. Another $1000 credit as a wrinkly benefit. Thanks to income splitting I can keep the individual rate for my better half, and me, at the lowest rate… Thank God and Flaherty – I may even forgive the Income Trust disaster he caused me.
Who will pay for this? Probably you! My heart bleeds….

#55 Reality is stark on 09.22.19 at 7:55 pm

$100,000 a year is a ton of money. Buy a dump and fix it up. You can buy a home in the Hammer in the East End for cheap. Learn to ride the GO train into Toronto, they will have the Confederation station built soon in the East End and renovate all weekend and your holidays including Christmas Day.
You should have started in your 20’s.
It’s amazing how 80 hour weeks kill poverty.
Worked for me.

#56 SunDays on 09.22.19 at 7:57 pm

The party, that promises to plug the hole by issuing 100 year sovereign bonds at negative real yields denominated in Bitcoins, gets my vote. That will buy us some time.

#57 TurnerNation on 09.22.19 at 8:00 pm

#48 Bdwy who’s making money paying highest electricity prices around here in this country? No one.
US Solar ETF is at four-year highs, TAN.US. Someone is using it

#58 The Totally Unbiased, Highly Intelligent, Rational Observer on 09.22.19 at 8:09 pm

“That system also means every vote cast for a can’t-ever-win outfit like the People’s Party is worth two for the Liberals.”–Garth

What does it matter whether the so-called Liberals win, or whether the so-called Conservatives win, if they both end up standing for basically all the same things? This is the sort of situation that Typical Politicians (Yuck!) like. Typical Politicians (Gag!) want people to waste their time voting and thinking that they make a difference when in fact the only alternatives that the Typical Politicians (Puke!) want to give them are basically all the same politically correct, globalist, sinful, shameful options.

What Canada needs is someone more like Donald J. Trump (Blessed be his name!).

What Canada does not need is any more Typical Politicians (Yuck!, Gag!!, Puke!!!).

#59 Sebee on 09.22.19 at 8:17 pm

Least densely populated second largest country on the planet and “adopt a tiny homes/laneway homes/co-op/shipping container homes policy” is something that a politician is actually suggesting?

Yeah…we’re short of room in Canada. No space at all.

They goose this whole thing for property tax revenue grab and land transfer taxes…and this is the solution? I don’t know if I should laugh or cry.

Why do we need politicians? Seriously…why?

#60 short horses on 09.22.19 at 8:23 pm

#49 Treasure Island CEO – 28,996, 034.43 offshore on 09.22.19 at 7:31 pm

“Moving out of the Country for good is your best bet.”

In Canada you can still pay $0.80 or less to get $1 worth of government services, including decent infrastructure. And it doesn’t seem to matter who forms government: you still get the same return and all the talk is just smoke and mirrors.

In most other countries the inverse seems to be increasingly true. You pay $1 to get $0.80 worth or less of services, streets are crumbling and disintegrating, you can’t drink the water, and the difference between what you pay and what you get is lining the pockets of oligarchs.

#61 joblo on 09.22.19 at 8:39 pm

“The only solution: vote for the local candidate with the best creds, experience and independent streak.”

Great in theory, but when the system doesn’t work all you get is bobbleheads for the leader.

All the power in in the Prime Ministers office.

#62 Flop... on 09.22.19 at 8:40 pm

Do we have expensive electricity in Canada?

Yes/No?

Feel free to answer yourself.

If you think it’s expensive, it has been shown the more expensive the electricity, the more the savings by switching over.

People talk about lack of sunlight, but when I think of sunny days spent in the U.S, I hardly think of places like Massachusetts and Rhode Island.

The sun doesn’t stop at the border…

M45BC

“Is Solar Installation Worth It? The Lifetime Savings in Each State.

Advocates of renewable energy often claim its adoption should be considered an investment because, over time, the benefits of installation far outweigh the costs. Is that really true?

Let’s take a look in the U.S. on a state-by-state basis, using data collected from solarreviews.com as of May 3, 2019. A 5kW solar panel system is enough to power an average residential structure — the Department of Energy uses 5.6kW for the size of an average residence in its own modeling.

Solar Panel Installation: A Deal in Any State.

It appears that the claims are true — given the cost of electricity throughout the United States, the cost of installing solar panels for the average residence will easily pay for itself over a lifetime, with a wide variance across states.

Compare the lifetime savings with the overall cost of electricity in each state as provided by an earlier post. This comparison is focused on residential solar panel installation, so focus on residential rates. The three states with the most expensive residential electricity rates are Massachusetts, Hawaii, and Rhode Island.

Take another look at the visualization compared to the residential electricity rates. There is a strong pattern:

Top 3 States With the Most Expensive Residential Electricity Rates

1. Hawaii: 32.09 cents/kWh
2. Rhode Island: 22.67 cents/kWh
3. Massachusetts: 22.57 cents/kWh

Top 3 States With the Biggest Lifetime Savings in Solar Panel Installation

1. Massachusetts: $133.7K
2. Hawaii: $121.6K
3. Rhode Island: $114.2K

It makes sense that the three states with the most expensive electricity would be the three states where solar installation pays off the most. In fact, the payoff is over $100K for only these three states.”

https://howmuch.net/articles/the-cost-of-installing-solar-panels-vs-lifetime-savings

#63 acdel on 09.22.19 at 8:44 pm

#60 short horses

Good point; but we all realize that the sum you referred to is quickly eroding; soon, unless serious change happens it will be reversed, it is sickening, we have what the world wants minus numb headed politicians.

#64 yvr_lurker on 09.22.19 at 9:03 pm

With regards to a BC provincial election, in my riding David Eby of the NDP has my enthusiastic vote and most of my friends. For the federal election, I am afraid it will be hard to motivate me to get off the couch and stand in the long voting lines. Don’t like Joyce Murray of the Liberals much; she has been in there too long.

#65 acdel on 09.22.19 at 9:09 pm

His latest broken promises,ha! Great actor, weep!

https://www.cbc.ca/news/politics/liberal-cellphones-tax-deduction-1.5293256

#66 WUL on 09.22.19 at 9:17 pm

The tax cuts promised by each of the parties will reduce my taxes by about $43 per month or so. If I cut my beer consumption in half each month, I’ll quadruple that savings. Won’t be easy.

You are deluded if you think any of these Dimwits will ease your load.

Don’t waste your time voting. I’m not.

#67 Sail Away on 09.22.19 at 9:21 pm

#62 Flop… on 09.22.19 at 8:40 pm

Do we have expensive electricity in Canada?

Yes/No?

Feel free to answer yourself.

If you think it’s expensive, it has been shown the more expensive the electricity, the more the savings by switching over.

“Is Solar Installation Worth It? The Lifetime Savings in Each State.

Advocates of renewable energy often claim its adoption should be considered an investment because, over time, the benefits of installation far outweigh the costs. Is that really true?

Let’s take a look in the U.S. on a state-by-state basis, using data collected from solarreviews.com as of May 3, 2019. A 5kW solar panel system is enough to power an average residential structure — the Department of Energy uses 5.6kW for the size of an average residence in its own modeling.

Solar Panel Installation: A Deal in Any State.

It appears that the claims are true — given the cost of electricity throughout the United States, the cost of installing solar panels for the average residence will easily pay for itself over a lifetime, with a wide variance across states.

—————————————-

This is crazypants math when viewed from an investment perspective. Who cares if you can get a slightly better rate with solar panels if the opportunity cost makes it an overall loser?

I’ll explain:

Average household electricity cost in BC is $1,000/yr
Cost to install solar panel system is $20,000

Over a 25 yr span, total electricity cost will be $35k or so, assuming 2% annual increase
$20,000 invested at 8% for 25 years equals $137,000

So sure, install solar panels if you’re a crappy investor. I’ll choose to invest the lump sum, thank you.

#68 fishman on 09.22.19 at 9:25 pm

Real voter angst out in B.C. country. Seems like Dippers collapsing. Vancouver Island: Green? Interior & Fraser Valley: Con? Vancouver: Libs? But if Mad Max goes hard a lot of secret Trotskyites might come out of the closet. Hard on the Cons. Disaffected Libs jump to the Greens? Dippers I talked to are all over the map. Check in after the debate. The Patriot Game by Peter Brimelo 1986. ” Every Canadian election is like a game of Russian Roulette. If the right combination comes up?”

#69 Grave digger on 09.22.19 at 9:55 pm

Tim, wtf are you doing? Why stay in Canada when job opps abound for well educated Cabbagians internationally? Get out of Canada by getting on LinkedIn. Expat jobs pay double and triple , expat job postings are in cool exotic places, expat jobs are in places where taxes and the cost of living are far less. I repeat with a megaphone. Get out of Canada. In a few years those opps will dissapate with age. Time is of the essence. Get out now!! Don’t be stupid. Why pay and suffer while you could be living very well and never see another dreary day.

#70 DON on 09.22.19 at 9:56 pm

#52 acdel on 09.22.19 at 7:40 pm

Just emailed Scheer and mentioned if he really is serious about forming a majority government that he should read your blogs and give you a call. You can kick my ass later but we need some leadership in this country. :)
*************
OH GREAT!…The Politibots are coming! They will come riding donkeys.

Open the gates and release the hounds.

#71 Dutchy on 09.22.19 at 10:13 pm

There is a lot of very desirable residential real estate for sale in Canada (outside of the two main geographic areas preferentially covered by this blog) for around 3x annual earnings.
And lots of job vacancies everywhere.
Paying someone else’s mortgage (renting) seems a bit silly to me.
At today’s interest rates (likely to remain low for many years to come) lots of cash left over to pursue appropriate retirement investment strategies, if you live within your means.

By the way if a Jamaican lady would dress up as Cinderella, would that be acceptable today ??
Will Halloween be cancelled soon??
Do we really want to make such a big deal out of 20 year old (dress-up party) pics that originated in the USA?

Is moving the Israeli-Canadian embassy to Jerusalem a smart foreign affairs move ??? (Another CPC commitment borrowed from Trump)
Someone should consult with the Palestinians.

#72 Grave digger on 09.22.19 at 10:20 pm

#66 WUL. Not voting is stupid.

#73 Tony on 09.22.19 at 10:44 pm

Tim, this is Alberta. Vote left and say goodbye to us. We are finished with being bankrupted by you Eastern folks voting for neo-Marxists buying your vote with our money.

Should Sheer win we will deal with his idiotic promises in due course.

Financial advice for you, ignore owning real estate until you have half down. To do that, give your dough to Garth and never take it out. Stay invested, keep adding money to the pile. Spent less than you earn. Don’t spent your neighbours money, you have no clue how much they really have anyway. Worry about your life and not that of others.

Vote Conservative, be conservative.

#74 Keyboard Smasher on 09.22.19 at 10:53 pm

Best we can hope for is some sort of minority that will not be able to effect new legislation.

The Liberals have promised criminalizing millions of Canadian gun owners by outlawing guns based on their appearance, which would entail a costly, forced seizure of those guns and compensation to the owners.

#75 acdel on 09.22.19 at 11:00 pm

This is funny! At least Ukraine has a sense of humor!

https://www.dailymail.co.uk/news/article-7491627/Ukraines-president-trolls-world-leaders-spoof-WhatsApp-group.html

#76 Shawn Allen on 09.22.19 at 11:31 pm

#7 AGuyInVancouver on 09.22.19 at 2:41 pm

Your facts about the federal debt not being a problem compared to past levels and other countries and GDP etc. are most interesting.

But they don’t fit the narrative here and so are unwelcome as you saw.

#77 PastThePeak on 09.22.19 at 11:32 pm

#7 AGuyInVancouver on 09.22.19 at 2:41 pm
RE the supposed “rampant overspending”:

“The national debt: Canada has the lowest debt burden in the Group of Seven. The weight of federal debt is not heavy and increasing; it’s light and shrinking. The debt-to-GDP ratio, a measure of the debt relative to the size of the economy as measured by gross domestic product, was low in 2015, and it’s gone down over the past four years.

At just 1 per cent of GDP, federal debt-service costs in 2018-19 were lower than at any time since at least the mid-1960s. Ottawa is currently spending less on debt servicing than during the Stephen Harper era.

In short, Ottawa does not have a debt crisis, or even a debt problem. The other parties are free to disagree with the Liberal government’s choices on other issues, but (we’re looking at you, Conservatives) don’t even try arguing that it’s dug Canada into a fiscal hole…”

https://www.theglobeandmail.com/opinion/editorials/article-the-debt-the-deficit-and-other-things-this-election-isnt-about/

Deficit, not debt. That’s what ‘overspending’ means. – Garth
++++++++++++++++++++++++++++++++++++++++++++++++++++

Are socialists deliberately obtuse, or is it just how they are and they can’t help it?

Unlike most other major economies, Canada is a confederation of provinces. Each province has significant budget authority in respective areas of the economy.

The Canadian federal debt is ~$768B. Ontarios is $351B, QB is $185, BC is $70B, AB is $64B, MB is $25B, NS is $15B, NB is $14, NL is $14, SK is $11, PEI is maybe $5B, Toronto itself is 3.7B etc. Many other municipatlies plus the Territories.

Overall public debt (not including unfunded liabilities) is about 80% of GDP. Much better than Japan, China, or USA -> but not nearly where you think.

Add in the very large private (household + business) debt, and Canada is indeed in a precarious situation.

But thanks for playing…

#78 PastThePeak on 09.22.19 at 11:40 pm

There is no political party likely to form gov’t in Canada that has any appetite to address the financial and economic problems of Canada.

There is no political party likely to form gov’t in any of the major economies that as any appetite to address the financial and economic problems of the world.

Your vote can’t save the system. You might be able to save your family. Spend your time accordingly.

#79 smarty on 09.23.19 at 12:16 am

The whole world laughs at Canada…the 2 ways to make real money were oil and real estate…and Canadians are so brainwashed they allowed and cheered both to be destroyed.

Meanwhile:

Trudeau: open borders, carbon tax (going to rise if re-elected)

Scheer: legal immigration (as we always had) and get rid of the carbon tax.

C’mon Garth you know in the British system there’s always the proles who don’t pay tax and live horrible lives…so Scheer wants to help those who pay the bills grow their wealth (and increase helping those people as a rising tide helps everyone).

Let’s not parrot the Torstar/Rosedale attitude to the plebs here.

#80 Mikeshouse on 09.23.19 at 12:36 am

When I think Of Andrew Sheer. Super Tramps tune -Give A Little Bit- plays in my mind. I really feel we need a better class of politician(s) in Canada all round.

#81 Flop... on 09.23.19 at 12:51 am

This is part of the reason my riding has been Orange for the last decade.

I believe Garth had a strong opinion on this one but could be wrong.

I believe that Garth thought that a by-election should have been called because Emerson did not have a mandate to represent the people under a different colour.

What do you remember of this Garth?

Dunno, mid forties now, and losing my marbles.

Never had as many as you guys to start off with…

M45BC

David Emerson controversy.

“David Emerson was first elected in 2004, for the Liberal Party of Canada, and served in the Cabinet as the Minister of Industry.

Emerson was re-elected as a Liberal in the 2006 election, but crossed the floor two weeks later on February 6, 2006 to become the new Minister of International Trade in Stephen Harper’s Conservative government.

Emerson’s floor-crossing was highly controversial. Then Prime Minister-designate Stephen Harper dispatched campaign co-chair John Douglas Reynolds, on the day after the election, to offer Emerson a cabinet post in a Conservative government. Emerson’s acceptance of that offer made Canadian history, marking the first time a member of parliament, let alone a cabinet minister, had crossed the floor before a new government was even sworn in.

As a result of the controversy, a number of groups formed to fight for Emerson’s resignation. Some groups also seek legislation that would prevent floor crossing altogether or restrict a member of parliament if they abandon their party’s caucus. Groups that fought against Emerson’s defection included the New Democratic Party-aligned Recall David Emerson Campaign, and the Liberal Party-aligned but eventually wholly citizen-driven De-Elect Emerson Campaign.”

#82 Dr V on 09.23.19 at 1:25 am

59 Sebee

Yeah…we’re short of room in Canada. No space at all.

—————————————————————-

So pick your spot on the tundra. Or the boreal forest.
Or the coast mountains. Go ahead. Build the road in. sink the well. bring in the power. What? you want to be close to something??

#83 Smoking Man on 09.23.19 at 1:39 am

My delema.. My kids. I left them on their own in Canada.
Hoping that what I taught them about entrepreneurship would kick in.

They are working off their asses for pretty good loot. Taxes and cost of living are killing them..

Not a single one has started a business yet. Disappointing. I’m thinking its their woman, afraid of risk.. Wifey poo wants to buy me a porch with her newly found skills as a forex trader up to 1.5 million. I only drive Ford cars.. Only car company that did not need a hand out in 2008…

Gave my kids the same program I gave my wife.

Not one of them is hungry enough yet….

Punching a clock sucks. But every single one of your teachers do and it’s the only thing they know about make money..

#84 majik on 09.23.19 at 2:08 am

FPTP sucks, watching Canadians waste their votes to keep the ‘other’ guy out, what a joke we call democracy.

#85 Canadian dreamer on 09.23.19 at 4:14 am

Let’s dream big. After Trump’s next and final term , sometime after 2025, he comes to Canada and makes Canada great, for once, finally. We could be that Northern superpower that Harper envisioned, that which scared hell out of the EU. The Great Canada, that works solely for the benefit of Canadians, not George Soros.

Can you imagine if Canada was running on all cylinders and all industries. Were given free reign to produce? Close your eyes and watch the rivers of wealth, the new schools and hospitals, the senior and veteran care, all flowing like gold into the pockets of Canadians.

Instead, unlike little Norway with a trillion dollars bank account protecting the future if it’s citizens, Canada is bankrupt near starvation except for the citizens squeezing out their saving in a delusion of debt as the PM drives an orgy of debt over a cliff.

You saw the international reaction to our PM Clown acting in blackface. He’s spent hundreds of billions trying to bribe himself a seat on the security council, but that capital vanished overnight as 53 black nation’s issued condemnations over his overt and undeniable racism. They don’t like it when someone acts out like a going with a bananna stuffed in their pants for emphasis. To paraphrase Obama ” The money’s gone, it’ll never come back”.

Get inspired, watch Trump turning the globalists into rancid jelly. Dream about what Canada would accomplish with a great leader.
.

https://www.facebook.com/101043269988443/posts/2571060059653406/

#86 Ace Goodheart on 09.23.19 at 7:16 am

As of early this morning, 600,000 British travellers were being asked to leave their hotels and resorts, to go and wait for air planes that will never come.

Another great embarrassment for the former Empire on which the sun never set.

Hope everyone gets home OK.

#87 Mary Contrary on 09.23.19 at 7:25 am

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”

“The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage

Professor Alexander Tyler in 1787
————————————
Where is Canada in this cycle?

Where is America in this cycle?

Anybody?

#88 Mary Contrary on 09.23.19 at 7:30 am

#85 Canadian dreamer on 09.23.19 at 4:14 am

Let’s dream big. After Trump’s next and final term , sometime after 2025, he comes to Canada and makes Canada great, for once, finally.
——————————-
Snipping the rest of this mindless blather.

Amazing really, right after my observation of democracy, along comes someone who us part of the problem without even realizing it.

Perhaps it’s our educational system?

#89 Steven Rowlandson on 09.23.19 at 8:00 am

‘Tim’s 41 and his wife 36. “We are Toronto poor,” he laments. Poor is relative. Poor is how you feel, not just what you possess. So, yes, Tim is poor.

“We earn just over $100k annually before taxes, rent a home for $2250 a month, we both finally paid off the last of our student loans this year ($40,000) and have less than $10k between the two of us in retirement savings. Seriously, my blood pressure spikes when I see you post the net worth of similarly aged folks.”’

At $100 per week on the average from building stairs I must be super poor and undead.

Do you live in Toronto? – Garth

#90 maxx on 09.23.19 at 8:24 am

@ #24

“I wanted someone who would be a good foil, and we stumbled upon the scrappy tough-guy senator from an Indigenous community. He fit the bill, and it was a very nice counterpoint,” Trudeau told Rolling Stone.

“I saw it as the right kind of narrative, the right story to tell.”

The unmitigated arrogance. Sporting a stylized eagle (upper arm) whilst delivering on this cheap, underhanded “narrative” is a revolting and toe-curlingly embarrassing example of cultural misappropriation.

https://www.cbc.ca/news/politics/trudeau-regrets-rolling-stone-comments-brazeau-1.4230498

Indigenous activists were completely in the right to criticize this galling breach of propriety.

Diversity. Feminism. Equality. “Practice what you preach (incessantly), eh wot?”

#91 Dharma Bum on 09.23.19 at 8:49 am

Canadian political party leadership candidacy is a cesspool-like catch basin for the worst rejects of society. Why is it that the worst people end up running for PM?

I guess it’s because anyone who actually qualifies to perform a job where you actually have to do something productive and worthwhile wouldn’t touch that line of work with a ten foot pole.

I can see the appeal though. Once you’re in, it’s at least four years of money for nothing.
Can’t touch this!

The situation seems so bleak and depressing.
I’m going back to smoking weed regularly.

https://www.youtube.com/watch?v=otCpCn0l4Wo

#92 Dharma Bum on 09.23.19 at 8:57 am

#83 Smoking Man

I only drive Ford cars……
——————————————————————–

Hahaha! You remind me of this guy:

https://www.youtube.com/watch?v=MhjkY45ztH0

#93 Gravy Train on 09.23.19 at 8:59 am

#67 Sail Away on 09.22.19 at 9:21 pm
“This is crazypants math when viewed from an investment perspective.” Immanuel Kant thought that mathematics is synthetic a priori, but he clearly never saw a ‘deplorable’ like yourself trying to work with basic mathematical propositions.

“Who cares if you can get a slightly better rate with solar panels if the opportunity cost makes it an overall loser?

“I’ll explain:
• Average household electricity cost in BC is $1,000/yr. If you produce more power than you consume, the power company will buy your surplus power at the end of the year and at the same price it sells it to you. For example, on my last two-month power bill, I only had to pay the basic charge of $22.75 (which everyone pays), but I was also given a ‘surplus carryover’ of 767 kWh, which at $0.16684/kWh translates to a credit of $127.96. Last year at this time (and for the same period) I paid $279.02.

• Cost to install solar panel system is $20,000. Where I live, we get a rebate of a dollar per watt on the purchase of solar panels. For $20,000, you should be able to get an 8 kW solar array, so you’d get an $8,000 rebate. So now your net cost is $12,000. But you better hurry and get your solar panels: Once the carbon tax is scrapped, so are the rebates.

• Over a 25 yr span, total electricity cost will be $35k or so, assuming 2% annual increase. This comment shows a complete lack of understanding of the time value of money. Assuming your cost savings are $1,000/year with a 2% annual increase, the future value of these savings is $86,797 if invested at 8%.

Here’s the math:
$1,000 x ((1 + 0.08)^25 – (1 + 0.02)^25) / (0.08 – 0.02)

• $20,000 invested at 8% for 25 years equals $137,000.” This remark is surprisingly accurate, so now you seem to have grasped the concept of the time value of money. I suppose only when it suits you.

“So sure, install solar panels if you’re a crappy investor. I’ll choose to invest the lump sum, thank you.” I am on track to save myself 10,478 kWh this year, and at $0.16684/kWh savings of $1,748/year. The net cost of my solar panels is $14,925. Assuming a 2% annual increase in power costs, my after-tax rate of return is 12.81% for (at least) the next 25 years. Can you do better in the stock market? I’ll leave the math for you as an exercise. :)

#94 Tater on 09.23.19 at 9:05 am

#83 Smoking Man on 09.23.19 at 1:39 am
My delema.. My kids. I left them on their own in Canada.
Hoping that what I taught them about entrepreneurship would kick in.

They are working off their asses for pretty good loot. Taxes and cost of living are killing them..

Not a single one has started a business yet. Disappointing. I’m thinking its their woman, afraid of risk.. Wifey poo wants to buy me a porch with her newly found skills as a forex trader up to 1.5 million. I only drive Ford cars.. Only car company that did not need a hand out in 2008…

Gave my kids the same program I gave my wife.

Not one of them is hungry enough yet….

Punching a clock sucks. But every single one of your teachers do and it’s the only thing they know about make money..

——————————————
Delusions of grandeur from an insignificant mediocrity.

Trading floor vba monkey is all you accomplished. And weren’t particularly good from what I hear.

#95 Tater on 09.23.19 at 9:10 am

Somewhat obvious piece from the BoC

https://www.bankofcanada.ca/2019/09/staff-analytical-note-2019-27/

#96 Bytor the Snow Dog on 09.23.19 at 9:36 am

With all of the fine choices (lol) we have for “leaders” I’m up for a benevolent dictator. You in Garth?

#97 David Hawke on 09.23.19 at 9:53 am

#49 your reasoning sucks, however, your last sentence “Moving out of the country for good.” is correct.
#66 WUL I agree with 99% of your posts, however, not voting means you have no right to criticize the results.
#72 Spot on!

The Greens have the sole sane housing policy, however, as I basically stated 3 or 4 days ago and Garth confirms with his statement “The only solution: vote for the local candidate with the best creds, experience and independent streak.”

#98 David Pylyp on 09.23.19 at 9:55 am

Would love to see more CONTAINER housing in Toronto. Sturdy, already built, stackable. Dig a hole drop a few in for a 800 to 1200 square foot basement then build up…

David Pylyp
Toronto

#99 James on 09.23.19 at 10:22 am

#94 Tater on 09.23.19 at 9:05 am

#83 Smoking Man on 09.23.19 at 1:39 am
My delema.. My kids. I left them on their own in Canada.
Hoping that what I taught them about entrepreneurship would kick in.

They are working off their asses for pretty good loot. Taxes and cost of living are killing them..

Not a single one has started a business yet. Disappointing. I’m thinking its their woman, afraid of risk.. Wifey poo wants to buy me a porch with her newly found skills as a forex trader up to 1.5 million. I only drive Ford cars.. Only car company that did not need a hand out in 2008…

Gave my kids the same program I gave my wife.

Not one of them is hungry enough yet….

Punching a clock sucks. But every single one of your teachers do and it’s the only thing they know about make money..

——————————————
Delusions of grandeur from an insignificant mediocrity.

Trading floor vba monkey is all you accomplished. And weren’t particularly good from what I hear.
__________________________________________
Two weeks a go on this blog he was talking about getting a gun in SoCal. WTF for? SoCal is supposed to be so great and all I see from the Old Man is how we Canadians are such losers.
BTW You are also correct he was boomed from RBC Capital Markets here after a mashup with DM.

#100 Chip & Dale on 09.23.19 at 10:32 am

It’s front page news. Canadian money is escaping Canada into US as fast as it can be moved. I was one way ahead of the curve to move to Texas, but now thousands of companies are relocating. Of course the Trudeau media doesn’t report on this. Hundreds of billions in investment is being pulled on top of the hundreds of billions already gone.

https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=SEB51&mobile=false

Think you haven’t seen a new school or hospital built on a while? Don’t expect to. All that tax revenue is gone baby. It ain’t coming back.

The worst thing is these companies are refugees looking for the first safe haven. These are Canada’s best and brightest and highest paid. We expats relocate and never come back. I was shocked when I first moved to Texas. It blew my mind. I got angry at my dead grandparents for not moving down there sooner. It’s fantastic. Everything is better.

Even if Speer gets in, Trudeau has soured the well. These companies out of China etc are likely to leave Canada off the buy list for a decade. A new term and a few promises aren’t going to fix the ugliness sewed in the energy patch. Outsiders look at a brainwashed population that might take a generation to cure of the Gore Disease. We’re really not coming back without assurances you people are not understanding as necessary to entice investors back. Your poverty will be with you longer that you thought possible.

I highly recommend you get on the USA train and get on to places like Texas. Everybody else is. Still don’t believe it? Why don’t you follow the fantastic level of business a company like Enbridge is doing in the US. It’s a long term decoupling of Canada.

#101 Tannhäuser Gatekeeper on 09.23.19 at 10:45 am

“The unmitigated arrogance.”

I think maybe a bit of arrogance can be allowed for someone who’s put his entire future political career on the line by climbing into the ring for single combat, as a four to one underdog, and emerged victorious. No evidence that his opponent was set up, or paid off, or a tomato can. Only later did it come out that he was a cokehead and wife beater.

Still, one can daydream about what might have been — a wrestling match with Mike Duffy instead?

It seems weird to evaluate a man’s fitness for high office based on his actions ten, fifteen, twenty years ago — lo, even his tattoos for heaven’s sake — WHEN HE’S HELD THE OFFICE FOR THE LAST FOUR YEARS.

If you like his record in office, OK. If you don’t, that’s OK too. If you can’t figure it out without looking to the past, that’s weird.

#102 GBiddy on 09.23.19 at 10:54 am

Without Preston Manning forming a new party and splitting the vote, there would be no modern conservative option in Canada, and likely wouldn’t have been a conservative government for an even longer time.

So sometimes you just gotta split the vote–or rather, vote what matters.

Speaking of which, I challenge anyone to read the PPC platform who hasn’t. A more common sense approach to running this country doesn’t exist.

When I vote it won’t be against anything, it will be for more of exactly that: common sense.

#103 Capt. Serious on 09.23.19 at 10:54 am

Well, that jives with my conclusions after skimming through the platforms. No great choices.

#104 Capt. Serious on 09.23.19 at 10:56 am

#98 David Pylyp on 09.23.19 at 9:55 am
Would love to see more CONTAINER housing in Toronto.

Ready Player One?

#105 fairy on 09.23.19 at 11:03 am

don’t let Garth confuse you, the budget will balance itself. Once heard that from someone wiser than the bearded oracle

#106 Eks dee Siple on 09.23.19 at 11:12 am

Mary Contrary… the premise is bull to begin with. Who cares what some professor in 1787 said? 200 years later, it seems to me he was wrong. Next.

maxx… what breach of propriety? The guy happened to be of the Indigenous peoples. He could have been a white guy from Alberta. So what? The Cons grasping at straws here? He put on some paint 25 years ago. Who cares. Why not talk about important stuff? Like getting rid of CMHC for example.

#107 Sail away on 09.23.19 at 11:34 am

#93 Gravy Train on 09.23.19 at 8:59 am

—————————————–

Re: solar

Original cost: $15k
Savings per year: $1,000
25 year lifespan time value of savings invested at 8%: $86,797
Total after subtracting original cost: $71,797

vs.

$15k invested at 8% for 25 years: $102,727

Even with assumptions that the incentive program will continue for 25 years, and that the original installation lasts for 25 years, I don’t see a positive return in the above scenario.

In my experience on boats, solar panels quit after 7-10 years. Also on boats, there’s a propensity during long passage of estimating crossing time based on the best 24 hours. I assume your solar numbers are from summer output?

Anyway, good luck with the installation.

#108 Westcdn on 09.23.19 at 11:36 am

“For a hamburger today, I will gladly pay you back Tuesday” – https://activerain.com/blogsview/4361566/for-a-hamburger-today–i-ll-gladly-pay-you-tuesday

It says a lot about how I feel about today’s politics.

I noticed this story about quantum computing – it is going to be a brave new world in about 10 years’ time. https://diginomica.com/ibm-and-googles-race-quantum-computing-takes-mysterious-turn

The potential, good or bad, is mind boggling. Oh great, just in time for climate change extinction if nothing else terrible happens to the world – back to today’s world.

Interesting the US Fed had to launch emergency Open Market Operations (Repos) because of a spike in overnight interest rates due a liquidity crisis. https://mru.org/courses/dictionary-economics/open-market-operations-definition

Seems banks were hoarding US$. From what I understand, players want US$ when scared. https://www.armstrongeconomics.com/markets-by-sector/interest-rates/the-dollar-shortage-liquidity-crisis/

I know the sun will come up tomorrow in spite of us as societies led by so many of weak morals and strong self-interest with their countless enablers – just my opinion.

#109 Sebee on 09.23.19 at 12:09 pm

#82 Dr V on 09.23.19 at 1:25 am

So pick your spot on the tundra. Or the boreal forest.
Or the coast mountains. Go ahead. Build the road in. sink the well. bring in the power. What? you want to be close to something??

—————————————————————-

Have you been to big cities around the world? There is SOOOOO much space in Vancouver and SOOOOO much more in Toronto.

Silly higher density building restrictions are causing limits on building. You can see endless blocks of just houses where density could be increased. Just zoning is blocking it in Toronto.

Vancouver – corner after corner block after block of 2 story buildings with tons of space still.

And finally – plenty of space between The city/suburbia and tundra/forests/fields. Ahhhh…the fresh air.

#110 Damifino on 09.23.19 at 12:15 pm

Politics, it turns out, is all about math.
—————————————-

Or, the exploitation of innumeracy to be more precise.

#111 The Totally Unbiased, Highly Intelligent, Rational Observer on 09.23.19 at 12:19 pm

Not really interested in politics, but if Maximum Burner (spelling?) is one of them French fries, maybe his race could get the Quebec vote, and his policies could get the Western vote. People could simply vote for what they really want rather than listen to defeatists like some of the politically correct (but wrong), globalist, warming/changing, gun-stealing sinners who say that you have to compromise away everything of importance and value.

In the last Canadian Federal election, the bad people all conspired to gang up and vote for Truedope (spelling?) so they could smoke Marijuana and do other very bad things. They did not want to split their vote between the various bad parties that they supported.

In the next Canadian Federal election, maybe the better people could bravely unite to vote for a better way, rather than for a Liberal clone in Conservative clothing.

From the website of the People’s Party of Canada:

PLATFORM

Veterans: Standing behind the men and women who sacrificed for our country

Canadian Identity: Ending Official Multiculturalism and Preserving Canadian Values and Culture

Refugees: Ending Open Borders Policies and Prioritizing Persecuted Groups

Immigration: Reducing Overall Levels and Prioritizing Skilled Immigrants

Pipelines: Allowing our Oil and Gas Industry to Grow

Freedom of Expression: Protecting Canadians from Censorship and Discrimination

Foreign Policy: Focusing on the Security and Prosperity of Canadians

Global Warming and Environment: Rejecting Alarmism and Focusing on Concrete Improvements

Supply Management: Making Dairy, Poultry, and Eggs More Affordable

Internal Trade: Getting Rid of Interprovincial Trade Barriers

Health Care: Giving Provinces the Incentives to Deal with Wait Times and Rising Costs

Firearms: Respecting Legal Firearms Owners and Targeting Criminals

Equalization: Fairness For All Provinces

#112 Dreamer Galore on 09.23.19 at 12:20 pm

#83 Smoking Man: – There he is grandstanding about starting a business. His business venture years ago went bankrupt on him. With all the faux money his wife is making, one would think she could throw a few bucks to help the kids out.

#113 whiplash on 09.23.19 at 12:22 pm

#77 PastThePeak

The Canadian federal debt is $768B……

Crown corporations are deemed agents of her majesty, in other words the government is legally liable to repay their debt in the event of a default. That debt is now $319B.

#114 baloney Sandwitch on 09.23.19 at 12:35 pm

@ Chip & Dale

If things are so good in texas why are you wasting your time on this pathetic blog?
No need to save our souls. We like it here.

#115 Remembrancer on 09.23.19 at 12:47 pm

#100 Chip & Dale on 09.23.19 at 10:32 am

I know trollers gotta troll but this propaganda is so easily debunked its not even worth posting links to google search results of “new hospital builds Canada” or “new school openings Canada”… Literally coast-to-coast-to-coast results pop up…

As for Enbridge, nice energy sector divvy with multiple US / CA infrastructure assets; I’d say more a many chickens in many pots strategy than decoupling – like the banks or railroads… hardly cause for an existential maple identity crisis…
https://www.enbridge.com/map#map:infrastructure

Oh, BTW its Scheer, not Speer. You confusing Andy and Albert? Poor guy, no one gets his name right, and he can’t lose the grin, though no cartoons of mittens on a string around his neck though, there is that…

#116 GBiddy on 09.23.19 at 12:57 pm

fishman: “But if Mad Max goes hard a lot of secret Trotskyites might come out of the closet”

You mean “small ‘c’ conservative libertarians” maybe?

Trotskyites are what make up the NDP and Green parties, and to a lesser extent the Libs.

Individual liberty–the foundational right that holds up everything else–gets no mention by any of the MSP (mainstream parties). Aka, it’s taken for granted–thus the current climate of erosion of our rights and freedoms.

Again, at risk of sounding like some kind of campaigner/zealot, just read the PPC platform. At least then, you might actually be able to make an informed decision.

#117 Remembrancer on 09.23.19 at 1:02 pm

#93 Gravy Train on 09.23.19 at 8:59 am
#67 Sail Away on 09.22.19 at 9:21 pm

Entertaining – question for either one of you, since you both seem to have spent time on this topic.

1) from a financial perspective – what is the depreciation curve look like for a standard solar array like you’re talking about?

2) from an engineering perspective, what does a similar curve of age and efficiency / output look like?

Asking for a friend…

#118 Shawn Allen on 09.23.19 at 1:10 pm

Who is lying?

Trudeau said:

“the commitment needs to be a commitment to grow the economy and the budget will balance itself”

To quote just the words “the budget will balance itself” without any context of the stated conditions in which it would do so strikes me as either (willfully) uninformed or more likely being dishonest. It’s a misleading and partial quote.

Debate and criticism is fine but let’s make it intellectually honest.

I have often said, Winners Win and Losers Lose. Which one, seriously, is Trudeau?

I am not voting for him. But he might win (again).

#119 Kevin on 09.23.19 at 1:25 pm

Great advice, Garth, thank you as always. It’s just shocking to see so many “handouts” as the platform now, especially in regards to housing. Not many big or inspiring ideas in this election.

#120 Vote For Me on 09.23.19 at 1:33 pm

I will cut a cheque for $1 million to all Canadians using your money called more added debt to the pile. Just stop complaining about the corruption, deception, lies and calling me the drama queen.

#121 n1tro on 09.23.19 at 1:52 pm

#118 Shawn Allen on 09.23.19 at 1:10 pm
Who is lying?

Trudeau said:

“the commitment needs to be a commitment to grow the economy and the budget will balance itself”
———–
The full quote sounds dumber than the abbreviated version. I’m going to try to try to be a better person and that should make everyone happy.

#122 Yuus bin Haad on 09.23.19 at 1:57 pm

I’m voting for the party that promises me free food

#123 Mary Contrary on 09.23.19 at 2:19 pm

#106 Eks dee Siple on 09.23.19 at 11:12 am

Mary Contrary… the premise is bull to begin with. Who cares what some professor in 1787 said? 200 years later, it seems to me he was wrong. Next.

If this is truly how you see things, then clearly you are not paying attention.

We are deep into the cycle predicted in 1787, as is America, Britain and more. It’s really quite obvious if you just pay attention.

#124 The Totally Unbiased, Highly Intelligent, Rational Observer on 09.23.19 at 2:20 pm

In the upcoming Canadian federal election this October of 2019, there will probably be some VOTE SPLITTING.

Small-minded, defeatist cowards intimidated by numbers games will be afraid to vote for the People’s Party of Canada. They will, therefore, waste their vote on a so-called Conservative political animal that is becoming harder and harder all the time to distinguish from the Liberal party animal. Maybe Canada’s elections are becoming too much like the elections in North Korea.

It is no wonder that many people do not bother to vote at all. Of course, by not voting they RETAIN their RIGHT TO COMPLAIN. Those who do vote and don’t like the outcome can often be asked why they voted for the scoundrel that they did, who then got elected, and who went on to do all those bad things.

A vote for Max is a vote for Justin. Two, actually. If that’s you’re intention, then be bold. – Garth

#125 NoName on 09.23.19 at 2:32 pm

#117 Remembrancer on 09.23.19 at 1:02 pm
#93 Gravy Train on 09.23.19 at 8:59 am
#67 Sail Away on 09.22.19 at 9:21 pm

Entertaining – question for either one of you, since you both seem to have spent time on this topic.

1) from a financial perspective – what is the depreciation curve look like for a standard solar array like you’re talking about?

2) from an engineering perspective, what does a similar curve of age and efficiency / output look like?


us figure here what i heard from diferent podcasts.

There is no deprishiashion curve, to instoall cost per W is around 3usd.

Panel on a house only work out to be positive because state and federal subsities.

In some states there is a electrical greed fee high as a 5usd per kwh per month, it wearies from state to state. so 8kva in a roof have pay back 40usd to the greed before any “profit” is made.

Average household in us uses around 80usd of electricity, funny number that is but cost of electricity ranges from state to state, from mid 70 to 150usd.

So owner of 8kva on a roof have to pay back to utility every month 40usd, plus financing cost of panels.

Average power generation per residential roof is 6-8kva, power degradation is 1% per year…

Financing of solar panes depends on cradit rating and over 20 yrs ranges from 0 to 3% or more per anum. Some calculators calculate per w (3usd per wat) others per sq-ft (25-35usd per sq-ft), Tesla solar roof calculator estimate 20k for an address where mu uncle lives in buffalo, and 7.5 yrs brake even point.

Honestly you can save more by clipping and combining a coupons even if you restrict clipping activity to 30 min per week.

All that if everything is working ok, if you own system and something goes wrong, i just like to point our “elektricar banderas” doesn’t come cheap.

so to not answer you question about deprishiation, it takes 7-8yrs brake even point.

https://imgur.com/a/F5ufff0

here is teslas calculator
https://news.energysage.com/tesla-solar-roof-price-vs-solar-panels/

If you are brave scroll down to calculator comment section and read some.

#126 GBiddy on 09.23.19 at 2:36 pm

Be “bold” and vote your values – isn’t that the point of voting? I wouldn’t expect a former politician to advocate nose-holding voting. Wait….yes I would.

If a vote for Max’s PPC equals two for the libs, than a votes for the Greens and Dippers must equal…2-3 votes for the Cons. Which…might also equal a .5 vote for the PPC. So…hmm…on second thought, how about everyone just reads the party platforms, gets informed, and votes their conscience?

Ya, that could work too.

It’s done wonders for Italy. (In a FPTP system, without proportional representation you must consider strategic voting as a legitimate electoral tool. Otherwise support for fringe parties ends up electing the people you most wish would face defeat. But go ahead. Be principled. Don’t complain about the result.) – Garth

#127 Ian on 09.23.19 at 2:41 pm

Sheer’s plan to remove stress test….. I thought this was a rule instituted by the OSFI ?

#128 Tater on 09.23.19 at 2:51 pm

#121 n1tro on 09.23.19 at 1:52 pm
#118 Shawn Allen on 09.23.19 at 1:10 pm
Who is lying?

Trudeau said:

“the commitment needs to be a commitment to grow the economy and the budget will balance itself”
———–
The full quote sounds dumber than the abbreviated version. I’m going to try to try to be a better person and that should make everyone happy.
———————————————————

Always fun to have the economically illiterate pop in for a visit.

Economy grows, tax revenues go up, government services provided stay flat (or grow less than the rate of the tax revenue), and voila, you have a budget that will “balance itself”.

You don’t like it because a Liberal said it (and you don’t understand the point) but let me rephraseit in conservative speak for you:

“We’ll cut taxes to put more money in your pocket” I imagine you like that! Of course, the steps go like this: Cut tax, Economy grows, tax revenues go up, government services provided stay flat (or grow less than the rate of the tax revenue), and voila, you have a budget that will “balance itself”.

You can’t think one is true and not the other, as long as you agree with the premises that a stronger economy leads to more tax revenue.

#129 Tony on 09.23.19 at 2:54 pm

Anyone with an ounce of sanity and money will always vote conservative for life. We all know the welfare recipients will vote for Trudeau.

#130 Sail away on 09.23.19 at 3:11 pm

#123 Mary Contrary on 09.23.19 at 2:19 pm
#106 Eks dee Siple on 09.23.19 at 11:12 am

—————————————–

….nations always progressed through the following sequence:

From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage

Professor Alexander Tyler in 1787

——————————————

Mary Contrary… the premise is bull to begin with. Who cares what some professor in 1787 said? 200 years later, it seems to me he was wrong. Next.

——————————————

We are deep into the cycle predicted in 1787, as is America, Britain and more. It’s really quite obvious if you just pay attention.

——————————————

I’m still waiting for the four Horsemen of the Apocalypse, because they are definitely real as well if you just pay attention to the voices in your head.

#131 GBiddy on 09.23.19 at 3:42 pm

Garth – no need to post this of course, just a quick thank you for your blog, for your thoughtful replies and for your endless wit.

I do wonder how a new party can ever get off the ground, given the strategic voting principle.

Perhaps voting for the platform you prefer is actually holding your nose and voting for not this election but for the next one.

Anyway, thanks again for your thoughts.

#132 n1tro on 09.23.19 at 3:42 pm

#128 Tater on 09.23.19 at 2:51 pm
#121 n1tro on 09.23.19 at 1:52 pm
#118 Shawn Allen on 09.23.19 at 1:10 pm
Who is lying?

Trudeau said:

“the commitment needs to be a commitment to grow the economy and the budget will balance itself”
———–
The full quote sounds dumber than the abbreviated version. I’m going to try to try to be a better person and that should make everyone happy.
———————————————————

Always fun to have the economically illiterate pop in for a visit.

Economy grows, tax revenues go up, government services provided stay flat (or grow less than the rate of the tax revenue), and voila, you have a budget that will “balance itself”.

You don’t like it because a Liberal said it (and you don’t understand the point) but let me rephraseit in conservative speak for you:
————
I’m not a conservative party dude. Nice explanation regardless. Maybe you should explain it to Trudeau (your hero?) because his understanding is more…’hey, spend a ton of tax payer’s money on shit that drives big businesses out of Canada, attack small business people as tax cheats, while making the cost of living through carbon taxes higher will “grow” the economy.

Regardless if Trudeau knew of your definition of how the budget will balance itself or was just mumbling something incoherent because he doesn’t understand the subject matter, tell me if the budget did balance or are we just going to give him a pass because he just tried his best?

#133 LP on 09.23.19 at 3:45 pm

I wonder…

What would happen to a candidate for a party that promised in the first 3 years of their mandate:
• No tax cuts for anyone, any corporate sector
• No new money for ANY initiative, ANY social segment, ANY industries/corporations
• No new money for anything, anyone, anywhere
• The debt will be paid down to one quarter of the currently existing amount.
• Rein in the power of unelected officials at every level, including the PMO, especially including the PMO

But in the fourth year of their mandate, the government would:
• Be providing potable water to every first nation in the land – guaranteed
• or it would resign en masse, also guaranteed
• Be meeting or exceeding climate change agreements by the end of the 4th year
• Cause each MP, including all Ministers and the Prime, to resign until every claim of corruption, incompetence, misappropriation etc against the individual is proven to be untrue. When found to be innocent, the member would be reinstated with back pay and benefits.

Unrealistic? For sure! But I could vote for such a candidate and that party.

#134 Mary Contrary on 09.23.19 at 4:10 pm

Sail Away said…”pay attention to the voices in your head.”

FACT: When you contribute nothing to the discussion and resort to lobbing childish insults, you have already lost.

#135 James on 09.23.19 at 4:15 pm

Given that T2 has been in power for four years and is a national embarrassment as well as a toothless leader. Nothing spectacular has happened with this guy in power.
So now he wants to provide for us tax cuts, cheaper cell phone plans, a national drug plan, to boost old age security pensions and on and on………….
So WTF were you doing for the last four years you useless piece of dog excrement? Now all of a sudden the ideas are pouring out of his little brain? Its a distraction as well as a ploy to buy votes. So when push comes to shove and these dangled shinny things do not come to fruition it will be another situation where we have to wait until the budget balances itself. So Mr Socks how is that budget working anyway?
Four more years of dog excrement is what I would expect from T2 and the liberals.

https://torontosun.com/news/national/election-2019/trudeau-promises-national-prescription-drug-plan-if-re-elected

#136 Russ on 09.23.19 at 4:21 pm

Mary Contrary on 09.23.19 at 7:25 am

“The average age of the world’s greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage

Professor Alexander Tyler in 1787
————————————
Where is Canada in this cycle?

Where is America in this cycle?

Anybody?
======================

I would say we are at “apathy” but I don’t care to comment.

cheers, R

#137 Gravy Train on 09.23.19 at 4:21 pm

#107 Sail away on 09.23.19 at 11:34 am
“Re: solar. Original cost: $15k. Savings per year: $1,000. 25 year lifespan time value of savings invested at 8%: $86,797. Total after subtracting original cost: $71,797. vs. $15k invested at 8% for 25 years: $102,727.” If the above figures are supposed to represent my personal situation, then the following corrections are in order: (a) annual savings are $1,748 (not $1,000), and (b) the future value of the cost savings invested at 8% (with 2% annual inflation in savings) are $151,722 (not $86,797). So, I make $48,995 more than you do. Even if we say the solar panels are useless after 25 years I still make $34,070 more than you. The reason I make more than you do is that my imputed rate of return is 12.81%, while yours is 8%. Figured out the math yet? Finally, your earnings are taxable, and my cost savings aren’t. :)

“Even with assumptions that the incentive program will continue for 25 years, and that the original installation lasts for 25 years, I don’t see a positive return in the above scenario.” The $8,000 rebate was netted off the gross cost of the solar panels. It doesn’t matter any longer if the incentive program continues or not. I got my money already! The original installation is guaranteed for 25 years, and will likely outlast me. :)

“In my experience on boats, solar panels quit after 7-10 years.” My solar panels are guaranteed for 25 years.

“Also on boats, there’s a propensity during long passage of estimating crossing time based on the best 24 hours. I assume your solar numbers are from summer output?” No, my estimate of 10,478 kWh of power saved per year is based on the supplier’s prior experience with these solar panels in my area. FWIW, my solar panels have produced 6,075 kWh over the past 180 days.

“Anyway, good luck with the installation.” I rely on math, not luck. :)

#138 People Party of Maxim on 09.23.19 at 4:26 pm

I took time and read the PPC platform on the party web site. I did not find anything I may disagree. Everything in PPC party program make sense to me.

Canada Conservatives are no longer conservatives. They are little more or little less (when it comes to RE) sane version of Liberals. Both Lib and Con party leaders are tall and good looking kids. Nothing more. No substance. No leadership. No experience. No insight.

To me the choice is not of how affordable will be RE or how comfortable will be my pension value. It is entirely different. By the time I will retire (in 10 years) we may not have a country of Canada. Demographics dynamics – thanks to mass immigration – is insane and in democracy it may result in the catastrophic change.

I already thinking where to parachute when live become unbearable in Canada or the civil war erupt. Ironically, the only sane democracies that are left, free of political correctness insanity and have freedom of speech are East Europe (Baltic countries, Czech Republic) and Israel.

#139 Gravy Train on 09.23.19 at 5:01 pm

#117 Remembrancer on 09.23.19 at 1:02 pm
“Entertaining – question for either one of you, since you both seem to have spent time on this topic.

“1) from a financial perspective – what is the depreciation curve look like for a standard solar array like you’re talking about? The average solar panel degradation rate is 0.8% per year, so after 25 years the solar array will be 81.8% efficient. I’ll leave the question about the depreciation rate for the accountants. :)

“2) from an engineering perspective, what does a similar curve of age and efficiency / output look like?” I’ll leave this question for the engineers. :)

“Asking for a friend….” For a friend. Gotcha. :)

#140 Sail Away on 09.23.19 at 8:08 pm

#134 Mary Contrary on 09.23.19 at 4:10 pm
Sail Away said…”pay attention to the voices in your head.”

FACT: When you contribute nothing to the discussion and resort to lobbing childish insults, you have already lost.

——————————————

Yes, yes it’s true. I was ridiculing your implication that we are somehow stuck in an unchangeable and pre-ordained loop.

I didn’t realize this was win-lose, but you can be the winner if you like.

#141 Sail Away on 09.23.19 at 8:17 pm

#137 Gravy Train on 09.23.19 at 4:21 pm

Good summary, thanks.

#142 Sail Away on 09.23.19 at 8:22 pm

#136 Russ on 09.23.19 at 4:21 pm
Mary Contrary on 09.23.19 at 7:25 am

Where is Canada in this cycle?

Where is America in this cycle?

Anybody?
======================

I would say we are at “apathy” but I don’t care to comment.

cheers, R

———————————-

I see what you did there.

#143 Bob Dog on 09.23.19 at 11:52 pm

As predicted the east coast is now being acquired. Canada is a product for sale.

https://www.cbc.ca/news/canada/federal-election-campaigns-affordable-housing-1.5254614

“In 2018, there were 37,000 new apartments built nationwide, but demand increased by 50,000 units, according to tracking done by the Canada Mortgage and Housing Corporation.”

360,000 happy new Canadians
37,000 housing units

Yes your government is on your side.

Losers.

#144 Steven Rowlandson on 09.24.19 at 12:10 pm

“Politics, it turns out, is all about math.”
Perhaps but it also turns out that it is also all about insanity.
Doing much the same kinds of things over and over again and expecting different results. How long can it last before disaster strikes?