Tax me, please

Okay, snowflakes, so it’s a stunt. But there are worrying political aspects of a manifesto this week – from Millennials – calling on Ottawa to immediately create a wealth tax, higher marginal tax rates and the closing of all tax breaks for the top 10% of income-earning Canadians (that’s anyone making $80,400 or more).

What do the kids want? “Full pharmacare and dental, full coverage of assistive devices for disabled people, free transit, affordable childcare, affordable housing, reparations for Black Canadians, and land repatriation for Indigenous nations, plus climate justice and a Green New Deal in Canada.”

The irritating moisters behind this call themselves the “Resource Movement” and claim to have 200 members  from rich families, “who are in the top 20% of wealth and/or income.” The demand is that the T2 budget – due now in a few weeks – bring in a wealth tax that would, for example, suck about $4 billion per year from the Thomsons. The kiddo crusaders also want the top marginal tax rate jacked above 55% and enough legislative changes made to “stop the accumulation of wealth by the top 10% of Canadians.”

Say they:

“My family is in the top 1%,” says Ben Waitzer, one of the campaign’s organizers. “Over the course of my life, I’ve seen critical services, things like pharmacare and affordable housing go under-funded. I know that our society has more than enough money to fund the critical social programs and services we need. But right now, it’s just in the wrong hands.”

The wrong hands – in other words, the hands of the people who created that wealth. And so it seems the Bernie Sanders school of Hipster Marxism has arrived in our tundra. Two hundred misguided silver spoon socialists who want free everything and endless social justice, despite the cost. How noble. And cute.

But wait. Look here:

Resource Movement is a project on Tides Canada’s shared platform. Tides Canada is a national charity dedicated to a healthy environment, social equity, and economic prosperity. The shared platform provides governance, HR, grant and financial management for leading social and environmental initiatives across the country. Tides Canada maintains full legal and financial responsibility for Resource Movement.

Don’t talk about Tides Canada near AB premier Jason Kenney. His head will explode. The group has been accused of using tens of millions of dollars (mostly from the US) to actively undermine Canada’s resource industry while employing the cloak of climate change action to ensure our nation’s natural resources stay locked in the earth. You know the pipeline protests now illegally blocking rail lines and snarling cities? Yep. Same guys, working with their indigenous allies.

Whether you support this or not, it’s worth understanding the connections between the wealthy Mills, Tides, Ottawa and Mr. Socks. Part of that link is Sarah Goodman, who a few weeks ago was appointed as a special advisor to Justin Trudeau, working within the Prime Minister’s Office (PMO). Actually Sarah’s been rubbing shoulders with the boss since the fall of 2018, first as a policy advisor, then the PMO’s deputy director of Cabinet and Legislative Affairs. She moved up the ladder when disgraced chief of staff Gerry Butts  was incinerated by the Lavalin affair. Now Sarah’s the Senior Advisor on Climate Action and Sustainable Economy. It’s a key position within the inner circle.

Sarah Goodman and Justin Trudeau sharing time in the PMO.

.

And before that? Sarah Goodman has a long history of social activism, and for almost five years was Senior Vice President of, yes,  Tides Canada. She’s roundly considered by critics to be part of the nation’s anti-oil elite.

Now, this may mean nothing. It may mean something. But our prime minster has a senior advisor with direct links to a group that wants to tax the poop out of people making more than eighty grand, create an inheritance tax to Hoover the Boomers and scare off the wealthy folks who do silly things like create thousands of jobs (the Irvings employ 18,000 people; the Westons have 140,000 workers).

Does this hint that a wealth tax could be on the agenda? An inheritance tax? A higher marginal tax rate than the current 54%? Or how about free drugs, free transit, affordable housing for all, and more money for the goofs who are currently blocking the nation’s rail lines? And, hey, why’s the prime minister surrounding himself with anti-resource warriors?

Beats me. I just come here for the dogs.

By the way, where’s the official opposition?

$    $     $

Okay I know today’s post was billed as a guide to how much real estate a person can afford without committing financial hari-kiri.

That will come. Relax. Put the knife down. Step away from the keyboard. Hang up on your realtor. We need to talk. Tomorrow.

 

199 comments ↓

#1 Yukon Elvis on 02.13.20 at 3:42 pm

I’m in. Where do I sign?

#2 Sean on 02.13.20 at 3:47 pm

I was recently told that Fed has upgraded its “Printing Press”. It can now Print Circuit Board, Print Houses and Cars (3D printing), etc.

What Supply Shock?

Seriously, until people revolt and drag central bankers to guillotine like the past, CB gonna print to buy real estate, stock market, junk corporates to keep the asset inflated. It long ago abandoned its constitution mandate of employment and growth. Bank of Japan has done it for 3 decades, ECB last decade, and soon they all gonna expand targeted “assets”.

Because the world accept that the USA, and Europe are all mini gods that are born to enjoy eternal life without lifting finger, just print trillions and rest of world would gladly deliver real goods to them.

Until the revolution, and guillotine days.

#3 G on 02.13.20 at 3:56 pm

Just heard this on a couple sites, might US DOD know more that CBC? I hope it can still be contained?
These links are not considered mass media links as far as I know. I heard The US DOD was getting ready for something big since the end of Jan.

Executive Order Initiates US Military “Global Campaign for Pandemic” Feb 13 2min
https://www.youtube.com/watch?v=z5o19G6ycRs&t=64s

For another view/’option’ of COVID-19 issue, with some pics out of China I have not seen yet.
‘The Truth About the Coronavirus – PANDEMIC?’ Feb 13, 16min Stefan Molyneux (he’s not a DR or cbc)
https://www.youtube.com/watch?v=An4sDr9o6gE

#4 JacqueShellacque on 02.13.20 at 3:56 pm

“Needs” are endless. Resources are limited.

The price of allowing people to be productive is that we won’t all make the same. There are no good solutions to this problem. The least worst is progressive taxation and government-run social programs. Which is what we do now.

Define “affordable”, and “justice”. If you try, I might listen. If you can’t or won’t, you’re peddling grievances and a little understanding of history tells me what you intend, and I know it isn’t good.

#5 Ustabe on 02.13.20 at 3:56 pm

When we were kids with no game consoles, no Internet we often sat around the campfire and told scary stories.

Now these scary stories never came true but some of the kids had the poop scared out of them.

Those same kids have now grown up and still allow scary stories to scare the poop out of them.

Today’s scary story, on top of a month’s worth of scary stories, brought to you by a man who has forgotten the Progressive part of Progressive Conservative.

In politics you float trial balloons then sit back and gauge opinion. Then you study the options, then you incrementally engage with modifications as needed.

Shitting your pants over a trial balloon puts you squarely in the band of kids who allow themselves to be scared around a campfire, surrounded by friends and melted marshmallows.

They did then, as you do now, miss the entire point due to fear. Unfounded fear.

#6 Mousey123 on 02.13.20 at 3:59 pm

Yes, I just come here for the dog pictures.

With the current politics and taxes in Canada, sometimes I wish I was born an ostrich – life would be simpler.

#7 LJ on 02.13.20 at 4:02 pm

Rich kids aspiring to become poor.

Only in Canada!

#8 TheNoosleOnTheHoose on 02.13.20 at 4:02 pm

” and the closing of all tax breaks for the top 10% of income-earning Canadians (that’s anyone making $80,400 or more)”

… and that’s exactly what will happen when “The Revolution” comes.

Guys like me making $120K as an employee despite little formal education will be righteously throttled in the name of “fairness” while Morneau and Trudeau sip Chablis at their summer cottages, having somehow come out of it controlling substantially more wealth than they do now.

This country is so full of people who *hate* anyone with $50 more than them yet they somehow they still worship billionaire trust-funders and won’t dare touch them.

At times I almost don’t blame the elites for the contempt that they show for us little people. Every time they screw us we respond by devouring each other. How could they not feel contempt?

#9 mitzerboyakaQueencitykidd on 02.13.20 at 4:03 pm

Old Dogs
and children and Watermelon wine.
and always on all things follow the money Trail

#10 crowdedelevatorfartz on 02.13.20 at 4:03 pm

Sooooo, the oil lobbyists are replaced by the anti oil lobbyists.

Trudeau and his legions of sycophantic pseudo socialists should be forced to live on an island where they have to give away all their money and …
a) chop their own wood,
b) Kill their own food,
c) Cook their own food,
d) dig their own latrines,
e) Chew bark until its as soft as toilet paper.
f) Shave with sharpened sea shells

Then and only then will they reach the tax payer funded utopia they envision for the rest of us

#11 Sail away on 02.13.20 at 4:04 pm

#105 bdwy on 02.05.20 at 11:43 am

I don’t normally buy leveraged inverse etf’s, but when I do, I prefer 2x sp500 down.
first time ever, wish me luck!

———————————
#113 Sail away on 02.05.20 at 12:42 pm

I won’t wish you luck since that would be averse to my interests.

What I will do is take a position in 3x leveraged SP500 SPXL and we can compare notes next week.

———————————-

SPXL is up 4.5% in a week.

bdwy, stop this. Call it a failed experiment before losing real money. Accept that your timing was off. It’s ok. Follow Garth’s portfolio.

#12 Wile E. Coyote on 02.13.20 at 4:07 pm

There is nothing in the tax law, that I know of, preventing anyone from giving the government more money than requested at tax time. So to all those, be they uber rich or not, who feel they should pay more, fill your boots.

#13 Another Deckchair on 02.13.20 at 4:08 pm

There’s gotta be something in this.

You think Justin Trudeau and Sarah Goodman are going to give away their $$$?

#14 Chris on 02.13.20 at 4:11 pm

Garth will say been there done that.However fellow talkbacks do we need somebody who is just not concerned about Canada but the world.? Yes Garth for PM.Thinking Ryan for Deputy or how about our beloved Rex Murphy. People who actually have the intelligence and can admit when their wrong.Actions do have consequences. Who should run the Bank of Canada?
This is a financial blog after all. The institute affects all us Canadians. Garth will say no way. Okay,great bearded one who would you like see as next PM. Or is there nobody that impresses you.

#15 Decent Majority on 02.13.20 at 4:13 pm

One country. One law for all.

#16 Linda on 02.13.20 at 4:16 pm

Speaking of dogs, what breed is the dog photo on today’s blog? Tres cute!

The call to have more is never ending & of course, it generally equates to ‘take more from them who have & give to them who haven’t’. Regardless, past time (& Tide) to emphasize that all that ‘free’ stuff, isn’t. It costs money & lots of it. Even if you took every dollar ‘the rich’ have to fund that goodie list, there would still be maintenance, upgrade & replacement costs down the line. Who would pay for that once ‘the rich’ were no longer in existence, having been taxed into oblivion? I guess that would be whoever was deemed wealthy come the day of reckoning.

#17 The real Kip (Ret) on 02.13.20 at 4:17 pm

Hey I just watched the video. Sounds good to me. Where’s do I sign? At the ballot box in the next election? Done!

#18 clayton 604 on 02.13.20 at 4:24 pm

Pretty sure we already have a deemed disposition of all assets on death. How is this not an inheritance tax?

And yes.. the US does have a tax at death.. but they also let you write off the interest on your mortgage and their top rates are much lower… I wouldn’t mind paying a little more when I was dead if they let me keep more when I was alive.

#19 SunShowers on 02.13.20 at 4:24 pm

Wealth tax? Heck yeah!

#20 Piano_Man87 on 02.13.20 at 4:24 pm

Rats. Was looking forward to knowing how much home I can afford.

Placing a bet: 25 year mortgage max, max 25% of post-tax household income spent on fixed housing costs. Inherently allows for some long term interest rate risk.

Inheritance taxes will great interesting market opportunities for off shore tax havens for wealthy Canadians.

No tax loopholes for people making 80K or more will sure create a lot of interesting compensation schemes for lots of people earning $79,999/year!

#21 Sold Out on 02.13.20 at 4:24 pm

Well, these little privileged upstarts will be singing a different tune when their horrified progenitors disown, and disinherit, them.

It’s one thing to be poor and an activist; you have nothing to lose by trying to change the world. Quite another when you look down and no longer see the well-padded safety net that you took for granted.

These kids maybe overstating their privilege, though. I don’t see any Bronfmans or Thompsons amongst the agitators.

#22 valleyranter on 02.13.20 at 4:26 pm

Sounds like the kids just need to work some more overtime. That’s the solution to everything. Start cranking out 80+hr workweeks and see how quickly minds change about more taxes on higher incomes. As for the silver spooners, sounds like they are rebelling and haven’t quite matured yet.

#23 BlogDog123 on 02.13.20 at 4:29 pm

Justin Trudeau has made Canada a weaker country, every minute he sits in the PM’s chair.

But he has nicer hair than the other guy, so “we get the politicians we deserve”, so says the late great Christie Blatchford.

#24 Andrew on 02.13.20 at 4:29 pm

Buy bitcoin

#25 X on 02.13.20 at 4:32 pm

So bizarre that everyone would like to be wealthy, yet some want to create taxes that only hurt their odds to become so or make it harder to maintain if they actually achieve it.

#26 AGuyInVancouver on 02.13.20 at 4:32 pm

“The wrong hands – in other words, the hands of the people who created that wealth”
_ _ _
Really? What real wealth of the current generation of the Thomsons, Southams, Bronfmans etc was actually created by that generation rather than just being handed down?

#27 Smartalox on 02.13.20 at 4:34 pm

I would not be surprised if the twerp Ben Waitzer is making the classic ‘rich kid’ mistake of assuming his personal wealth and his family’s wealth are one and the same. In fact I’ll bet that he hasn’t even qualified to tap his trust fund yet.

If I were this kid’s older (and presumably wealthier) relative, I would seriously consider liquidating young Ben’s inheritance, donating it to fund affordable housing and social programs, and then keep the tax refund for myself.

And of course I’d be sure to name whatever housing co-op or social support / crying circle after young Ben so he’ll get ALL the social(ist) credit. Why not, he’ll be living there anyway.

#28 Bob from Hamilton on 02.13.20 at 4:34 pm

So….are we still happy we voted Justin in to power a second time?

People, don’t forget the old maxim. You get what you vote for…

#29 Smartalox on 02.13.20 at 4:37 pm

“Where is the official opposition?”

Good question.

The electorate wonders.

#30 Paddy on 02.13.20 at 4:44 pm

I highly doubt those hipster bums in the video even have 1 dollar to their name, never mind belonging to the 1% club….the last place you’re going to find people who have a lot of money is in some propaganda video for socialism, get a life……no, wait, get a job.

#31 yorkville renter on 02.13.20 at 4:46 pm

Wealth Taxes are BS

You want more $$$? Lower income tax and jack the GST. Consumption Taxes are the fairest taxes

#32 Spia on 02.13.20 at 4:47 pm

I believe the issue is that the Mills and struggling are getting late to the monopoly game where all of the properties are already owned, the rents are high and they may have a chance to buy Baltic ave. The Monetary policy favours those close to the banks. Taxing is not the way, deregulation and support to favour small businesses should be the focus. Do we really benefit having a Weston control our food supply, with limited competition, limited choice and unfair influence on policy makers. Reset is needed.

#33 leebow on 02.13.20 at 4:49 pm

Just a bunch of brainwashed intellectually inadequate youth. I doubt Canadians want any of that.

#34 I'm always surprised ... on 02.13.20 at 4:49 pm

how a good accountant can make a well off person look poor on paper. They should see growth …

#35 Garth Vader on 02.13.20 at 4:51 pm

Garth, will Lewenza have to sell his Porsche if Tides Canada fully and completely takes over Canada?

#36 Brett in Calgary on 02.13.20 at 4:51 pm

https://www12.statcan.gc.ca/nhs-enm/2011/as-sa/99-014-x/99-014-x2011003_2-eng.cfm

And these enemies of the state are men, live in provinces where jobs exist and generally have a post-secondary education.

Also, you can bet since 2011, that the proportion of top 1% in two of the following cities is no longer so:

“2.9% of Calgary residents made it into Canada’s top 1%. They were followed by residents of Toronto (1.6%), Edmonton (1.5%), and Vancouver (1.2%).”

#37 Ron on 02.13.20 at 4:52 pm

I’m all for 100% inheritance tax. Let’s see who the real giants are and who’s just standing on their parents’ shoulders. We might end up with a real meritocracy.

#38 Stone on 02.13.20 at 4:53 pm

What are the actual specific details of what’s being proposed?

#39 TheDood on 02.13.20 at 4:56 pm

Where are these idiots coming from?

My offspring’s high school social studies teacher – at his own discretion – substituted the board’s official curriculum with his own – on climate change! And it was allowed to happen despite multiple protest from parents. The idiots are our very own teachers, teaching our kids to be idiots.

#40 31M604 on 02.13.20 at 4:59 pm

I remember when I immigrated to Vancouver with my parents in the 90s, people were able to afford a modest SFH in Vancouver even with regular median income.

Is there a chart anywhere that plots historical median income and RE prices over the last few decades (and maybe interest rates)?

My Google-fu is failing me

#41 Carlyle on 02.13.20 at 4:59 pm

Scary how many people are in favour of this wealth tax: https://www.reddit.com/r/PersonalFinanceCanada/comments/f33y16/wealthy_millennials_call_for_canada_to_implement/

#42 Phylis on 02.13.20 at 5:01 pm

#156 NoName on 02.13.20 at 3:03 pm

What voltage?

#43 Mattl on 02.13.20 at 5:09 pm

#19 SunShowers on 02.13.20 at 4:24 pm
Wealth tax? Heck yeah!

———————————————————

What I love about this is by the time a tax like this could pass, and have any scale, the Mils will have their parents inheritance and/or their own wealth and will bear the brunt of the tax. The idea that you can finally get those pesky 80 year old boomers is incredibly naive. They vote if big time numbers, and by the time you have influence they will be in the dirt.

You generation is begging for more taxes on yourself. Fascinating to watch.

#44 the Jaguar on 02.13.20 at 5:11 pm

I feel torn between two thoughts. One is ‘Be careful what you wish for as you may get it’, the other “Revenge is a dish best served cold’. Wouldn’t it be an interesting experiment to simply shut down all oil flow friday morning. West and east. The TransCanada and the Kinder Morgan. Just do it and don’t answer the phone afterward. Wonder how long it would take for complete chaos to ensue.. (?) The recent near meltdown in Quebec over the propane shortage was interesting. How about an encore? On a bigger scale. I admit this sounds childish, but the constant nipping at the heels of those who find the resources to keep the wheels turning, create the wealth in this country, and who ‘give back’ with charity and community interest is getting really old. Patience isn’t just wearing thin, it’s worn out. Is there anyone out there with the gonads to call the play on the current madness? Christie Blatchford would have done it, may she rest in peace. There is no leadership in this country in any party. The National Post headline was “Time to End Mob Rule”, but who is stepping up? Someone put in a call to Putin.

#45 USA on 02.13.20 at 5:12 pm

Time too make a move to Trump-land!

#46 Shack63 on 02.13.20 at 5:21 pm

What these mils don’t seem to realize is that it’s not their money. It’s their parent’s money. They have nothing except what their parents gave them.

What they also don’t seem to realize is that while Canada doesn’t have an inheritance tax, it has what effectively is a death tax. Everyone in this country is deemed to dispose of everything they own right before they die. This triggers income and capital gains which the estate then has to pay. The beneficiaries only get what’s left over after the estate taxes are paid. An inheritance tax would result in a double tax on these estates.

What ever happened to people wanting to grow up to be self sufficient and self supporting adults and gaining the self respect that goes along with that.

#47 Cristian on 02.13.20 at 5:22 pm

Wow… free transit, free pharmacare… we didn’t have that even in communist Romania when I was a kid.
What can I say… typical spoiled brats who didn’t lift one finger to contribute to the wealth of their families but feel now entitled to advocate taking it away.
Easy to be a communist when you don’t know what hard work and risk means.
All of them need a bit of hands-on practice in a country like North Korea, maybe that will teach them what communism brings in the end. I know it too well, I grew up in it.

#48 FreeBird on 02.13.20 at 5:24 pm

I’m guessing a wealth tax won’t effect or incl the PM, finance minister and others of all political stripes from that wealth demographic (above the avg 1%). It’s a slippery slope and gateway to more taxes across the board and incr control and in time taking more from all. And give some back. Taking and throwing more money at broken system doesn’t fix it. Some at the top will benefit.

#49 Mattl on 02.13.20 at 5:25 pm

I remember when I immigrated to Vancouver with my parents in the 90s, people were able to afford a modest SFH in Vancouver even with regular median income.

Is there a chart anywhere that plots historical median income and RE prices over the last few decades (and maybe interest rates)?

My Google-fu is failing me

————————————————————–

This is not my recollection, although I guess it depends on what you mean by modest. A crap shack in East Van, probably.

We moved here in the early 90s, Dad had an above average job, and we ended deep in the Valley (gee thanks Dad!).

Keep in mind bank rate averaged 5%, and hit high 7s I think. So 7-9% mortgage rates. On my homes I’ve averaged under 4% the past 15 years, and it’s possible folks run out a whole mortgage in the low 3s. Run some calcs against mortgages in the 7s and see how that looks.

#50 angie on 02.13.20 at 5:30 pm

I saw a video clip about these same kids in the last couple of weeks. They seem naive. One’s family net worth was $5 mill and another was $1 mill. Not exactly silver spoon in the mouth kind of wealth.

#51 Remembrancer on 02.13.20 at 5:32 pm

Great, a group of rich kids 2-3 generations or more removed from the actual work want to give their money away, have at, party on, but screw off other people’s that was actually earned…

As far as the PM’s Office goes, show of hands, should Mr. Socks keep his globe trotting security council application going or maybe get the hell back here and resolve the little matter of no CN or Via Rail trains running?

#52 PA on 02.13.20 at 5:57 pm

VIA rail closed across Canada —- just announced, employees layed off. Perhaps there are more privately held business that could close down to counter this socialist movement. Let the people of Canada know what attacking capitalism really means. No job, no money, no tax, no food, no services, no houses. Then those experiencing the FOMO may finally understand really what’s missing-there own boot straps. It might be just the type of shock that would change focus from stealing money from others to producing something of consequence themselves. Envy of someone else’s life is just sad.

#53 akashic record on 02.13.20 at 5:57 pm

Liberal globalists didn’t see this coming.

#54 Stoph on 02.13.20 at 5:58 pm

People should understand that the Coastal GasLink protests are by and large anti-pipeline protests, not protests for the rights of hereditary chiefs.

If the reverse were the case, where hereditary chiefs had signed a pipeline contract, against the wishes of the elected band, do you think that people would be out protesting for the rights of hereditary chiefs to be respected?

#55 Bob Dog on 02.13.20 at 6:13 pm

“The wrong hands – in other words, the hands of the people who created that wealth. ”

what a foolish thing to say. Bezos must work very very hard to create a trillions dollar company without any help.

Reminds me of the pizza story.

A hundred co-worker at a company hold a party and order a 100 slice pizza. The pizza arrives and the company founder takes 80 slices.

#56 Andrew on 02.13.20 at 6:15 pm

Hard times make strong people
Strong people make good times
Good times make weak people
Weak people make hard times

#57 crazyfox on 02.13.20 at 6:15 pm

https://www.cbc.ca/news/indigenous/indigenous-services-marc-miller-tyendinaga-meeting-1.5462264

Don’t see Rising Tides or Tides Canada mentioned above. I see it mentioned in the National Post:

https://nationalpost.com/opinion/john-ivison-canada-is-turning-into-a-mob-city-while-trudeau-remains-silent

How many people does it take to run a website? To infer a “call to arms” and ramp up professional protesters from this… well… Jason Kenney and his Conservative friends have to justify their propaganda machines on someone. If the enemy doesn’t exist, make one up like a hammer making nails to justify it’s existence. It’s none too difficult to tell where this narrative is coming from.

Dropping the name Sarah Goodman is along the same vein:

https://ca.linkedin.com/in/sarahgoodman

Are we to think that since Sarah worked for Teck Resources for a year back in 09′, she’ll be a Teck pumper and oil sands approval will be swift? or Weyerhauser for 4 years before that meaning she’s a clear cutter? Generally speaking, Warwick business school doesn’t crank out wacko eco terrorists. “She worked for Tides Canada, like look at what they do!”

https://tidescanada.org/
https://www.tides.org/

Yes, look. Equality has traditionally been far too socialist for the privileged to easily warm up to. “it is much harder for a rich person to enter the Kingdom of God than for a camel to go through the eye of a needle”, someone once said. An acquired taste perhaps.

What if, just if, this is a home grown organic problem? And why? For any other time natives have protested and disrupted trade naturally, for more money, power and a seat at the table. If we think its anything different than that this time around, we are likely deluding ourselves just as failing politicians would like to have us believe and if I had to offer an opinion, no, I don’t agree with these protests at all. BC bands have already made their choices. Some chiefs want to cash in after the process is over and cue the fake outrage and crocodile tears. To me, it really just isn’t more complicated than that.

#58 Sam on 02.13.20 at 6:27 pm

RIP Canada

#59 Debtslavecreator on 02.13.20 at 6:27 pm

COMMUNISTS

That’s what “progressives”, “Liberals”, “Democrat’s” are

They hired good communications consultants and re-branded to deceive the masses

Green Reich – climate change is nothing more than a RADICAL socialist model under the guise of environmental activism

If they try any of these RADICAL and CONFISCATORY policies say good bye Canada

Bunch of radicalized , highly “educated” read – INDOCTRINATED idiots

Get lost commies

#60 G on 02.13.20 at 6:32 pm

Hi #51 Remembrancer,

On CBC radio the other day heard the guy say, they still have signed treaties that say it’s there land.

The two big issue with present pipeline route is,
One place it’s considered sacred land and they want the pipe line moved over just 100m so it doesn’t go through it.

And other issue, they were show 5 routes to put the pipeline through, they said any of the four would work, but not one since that would run right over there drinking water aquifer. A spill would contaminate the drinking water for ever!

Of course, someone decided to not moving over 100m, and to try and build over the aquifer.

If the above is true, They have a valid point, and I don’t blame them one bit for being upset.

If the above is the only issues the PM should tell the builder of the pipe line to move it over 100m and not go over the aquifer at all. I though Canada bot the pipeline, so should be in a position to get it moved to an acceptable route.

Unless they are insane unreasonable races that want to screw the natives even more? Were is Mr sock when you need him? No wear to be seen. Is he or his staff even listening???

#61 that old guy on 02.13.20 at 6:35 pm

Great post, with one exception:
I believe that if you look into it, you’ll find that Tides manages administration and funds on behalf of a large number of charities. It’s neither an advocacy nor a funding agency.
Analogies:
If your paycheque comes from BMO, does that mean BMO is paying your wages?
If your employer uses a payroll service, does that mean that payroll service is paying your wages?
If that service takes care of payroll taxes, CRA payments, payroll deductions, etc., does that mean they are running your employer’s business?
Tides figures high on many media posts because a lot of money flows through them, but only by incompetent or irresponsible journalists. CIBC makes a lot of paycheque deposits.

#62 Long-Time Lurker on 02.13.20 at 6:35 pm

These eco-nuts shutting down Vancouver, what do they do for living? Don’t you have to go to work?

#63 Long-Time Lurker on 02.13.20 at 6:36 pm

“a living”

#64 Mattl on 02.13.20 at 6:36 pm

#55 Bob Dog on 02.13.20 at 6:13 pm
“The wrong hands – in other words, the hands of the people who created that wealth. ”

what a foolish thing to say. Bezos must work very very hard to create a trillions dollar company without any help.

Reminds me of the pizza story.

A hundred co-worker at a company hold a party and order a 100 slice pizza. The pizza arrives and the company founder takes 80 slices.

—————————————————————-

Who paid for the Pizza?

#65 The Wet One on 02.13.20 at 6:43 pm

One day, there will be an existential war for the survival of the country. Then we’ll see some taxin’.

Until then though, eh, not so much.

#66 Kitsilano Kid on 02.13.20 at 6:45 pm

This has to be an April Fools joke. Are these paid actors? Designer glasses and nose rings – nice touch. If they’re real kids their parents should grab them by the ear and take out back to the garage for a few licks with a wooden spoon.

#67 akashic record on 02.13.20 at 6:48 pm

#64 Mattl
Who paid for the Pizza?

Most likely a corporate expense, fully deductible cost from revenue.

#68 Dog Breath on 02.13.20 at 6:48 pm

“If a man is not a socialist by the time he is 20, he has no heart. If he is not a conservative by the time he is 40, he has no brain.” – Winston Churchill

Don’t worry, these kids (in the Resource Movement) will mature away from this nonsense.

#69 Nothing Surprises on 02.13.20 at 6:55 pm

Tax all my wealth in Canada as much as you feel is necessary!

My wealth outside of Canada you no-can-do!

Ask the Prime Minister and Finance Minister, perhaps they will send you a guide on how they do it.

#70 Remembrancer on 02.13.20 at 6:57 pm

#60 G on 02.13.20 at 6:32 pm
This is beyond bad behaviour over the aquifer and any “its a provincial matter” is a federal cop out when its now a national issue. There’s obviously been a papering over of beefs with T2’s reconciliation theatre…

https://www.ctvnews.ca/canada/via-rail-cancels-trains-across-canada-cn-shuts-down-eastern-canada-network-amid-pipeline-protests-1.4811036

#71 jsto on 02.13.20 at 7:00 pm

This is how wealth in BC has been achieved lately, if you care…

https://thetyee.ca/Analysis/2020/02/13/Gov-Real-Estate-Vancouver-Housing-Unaffordable/?fbclid=IwAR2xfeZZ2qYDi_JbMDGaIhUhhYZZ-PRJ6oT1T4zjPK1Cvdcq9CzqT8FH7YM

#72 Remembrancer on 02.13.20 at 7:02 pm

#60 G on 02.13.20 at 6:32 pm

If the above is the only issues the PM should tell the builder of the pipe line to move it over 100m and not go over the aquifer at all. I though Canada bot the pipeline, so should be in a position to get it moved to an acceptable route.
—————————————–
Different pipeline…

#73 oh bouy on 02.13.20 at 7:07 pm

@#5 Ustabe on 02.13.20 at 3:56 pm

________________________

lol, brilliant take Ustabe.

#74 Ed McNeil on 02.13.20 at 7:11 pm

Oh the buzzin’ of the bees by the cigarette trees
By the soda water fountain,
The lemon ade springs you can jump right in,
In the Big Rock Candy Mountains.

#75 Dave on 02.13.20 at 7:13 pm

Where do I sign?

#76 crowdedelevatorfartz on 02.13.20 at 7:13 pm

@#54 Stopf
“People should understand that the Coastal GasLink protests are by and large anti-pipeline protests…”
++++

bullshit.
Its the same welfare sucking anarchists and anti everything Luddites that show up to cause chaos.

They couldnt care less about the pipeline.
They feed off the media circus.

“No Man-camps” signs are held up by the radical feminists …which begs the question. Would they approve of the pipeline if we were able to find enough female welders to build it?
” Highway of Tears” signs held up by protesters who didnt like the millions spent on a Royal commision and want more millions spent on murders that will never be solved. The solution? Dont hitch hike.
” Aboriginal Nations over Canada” signs which ignore the countless billions of dollars handed over to aboriginals over the past few decades.

Nah. the same complaints spewed out by the same people, year after year.
Perhaps they could hire some new PR consultants.
It’s the tax paying Millenial’s problem now

I think these illegal protests would be sorted out very quickly if the police left the sites and let the people stranded on the streets and highways to deal with the protesters….

#77 Stone on 02.13.20 at 7:16 pm

#38 Stone on 02.13.20 at 4:53 pm
What are the actual specific details of what’s being proposed?

———

Went looking. Found nothing of value. Just another bunch of wasted meatbags who haven’t accomplished anything meaningful looking for 15 minutes of fame.

1st generation creates the wealth.
2nd generation grows the wealth.
3rd generation for the most part pisses it all away because they can’t appreciate what the previous generations did.

#78 Cici on 02.13.20 at 7:23 pm

Not sure I understand. So, does this mean that accumulated assets, which have already been earned or paid for in after tax dollars, and which are already subject to tax at the time of death (estate taxes), will now be taxed yet again in the hands of whoever receives them as inheritance?

If so, Wow…that’s a really good deal for Trudeau! A three for one with the possibility of even more.

#79 There is a petition circulating on 02.13.20 at 7:26 pm

I just received this in my email:

Change.org

Mike — The Canadian government is deciding on its 2020 budget now and a group of wealthy young Canadians are doing something new: asking the government to increase their taxes! Combined, the wealthiest 10% of Canadians hold more than half the country’s wealth, yet Canada is the only G7 nation without an inheritance tax. Even a modest wealth tax would raise over $9 billion per year to pay for the vital programs and services Canadians need. If you agree it’s
time for a wealth tax, sign now.

Join us in calling on the federal government to implement wealth and inheritance taxes in the 2020 budget.

Would you believe that Canada is home to the 5th most ultra high net wealth individuals on the planet[1]? That’s right, in Canada the 87 wealthiest families together own $259 billion[2]. The wealthiest 10% of Canadians hold more than half of all wealth in the country[3], while those in the bottom half own less than 5%[4]. And only a fraction of the wealth gets taxed, allowing the wealthy to keep on accumulating.

This concentration of wealth supports the most affluent families to own multiple properties[5], take luxurious vacations[6], and attend taxpayer-subsidized private schools[7] — while many Canadians take on more and more debt[8] and struggle to make ends meet[9].

We have the wealth we need to address the climate crisis, end homelessness, and other critical programs and services: but it’s in the wrong pockets.

That is why we are calling on the federal government to implement a wealth tax and an inheritance tax in the 2020 budget.

Canada is the only G7 nation without an inheritance tax. The U.S., Japan, Spain and many other countries all have one[10]. Experts say inheritance taxes are a “key mechanism” for making things more fair and promoting wealth distribution[11].

We need a wealth tax, too. Even a modest wealth tax, hitting only the richest Canadians, would raise over $9 billion per year[12] to pay for the vital programs and services we need. Polls show that most Canadians — across party lines — support such a tax[13].

We’re calling for a wealth tax that hits only the top 10% of Canadians, increasing to a marginal rate of 10% on each dollar of wealth of over $20 million.

To complement this, we’re calling for an inheritance tax that also hits the top 10% of estates, increasing to a marginal rate of 55% on estates over $7.5 million.

The 2020 budget will be published in the next few weeks. Sign the petition now to tell Prime Minister Trudeau the time is now to implement wealth taxes!

We can’t wait any longer for tax fairness in Canada.

#80 short horses on 02.13.20 at 7:27 pm

As a millennial in the top 10%, I would like to add a further request, that the government declare the Treaty of Quebec to be null and void and immediately return Canada to the status of an overseas French protectorate.

#81 Remembrancer on 02.13.20 at 7:28 pm

#5 Ustabe on 02.13.20 at 3:56 pm
#73 oh bouy on 02.13.20 at 7:07 pm

One person’s trial ballon is another’s Overton Window…

Or sure, building iteratively is sound engineering, its what your opening position is that reveals the most though…

#82 Cici on 02.13.20 at 7:37 pm

I bet every single one of those “wealthy” kids’ parents are government workers with fat pensions funded in large part by working stiff tax-payer dollars. I also bet every single one of them is aspiring for a career in politics.

So easy to be charitable when your dishing out other people’s hard-earned money.

Regrettably, this will probably just accelerate the outflow of cash and investments into juridictions beyond our borders.

#83 Long-Time Lurker on 02.13.20 at 7:38 pm

While I’m at it. Who’s funding Greta Thunberg to travel around the planet and protest?

#84 AACI Homedog on 02.13.20 at 7:38 pm

Love the photo ! Looks just like a good buddy of mine.

#85 SunShowers on 02.13.20 at 7:44 pm

#4 JacqueShellacque on 02.13.20 at 3:56 pm
“Needs” are endless. Resources are limited.

Resources are not as limited as you think. For example, we currently produce enough food worldwide to feed approximately 10 billion people.

Given that there are only 7.8 billion people currently alive right now, the ONLY reason why anyone on planet earth goes hungry, is because we allow capitalists to let these people starve, because feeding them would be unprofitable.

#86 TurnerNation on 02.13.20 at 7:50 pm

I’ve been telling you guys, 2020-2021 will bring utter and unbridled chaos to Kanada. While our UN backed regime looks on.
Case in point the rail transportation network is being shut down as we speak. -30 windchill tonight in S. Ont. Wonder how many protestors are manning their posts.

It’s only Mid February and we;ve been doused in virus rhetoric; had Canadians shot out of the sky in an act of war by Iran; our PM has all but vacated his role. (And it is a role. For our entertainment only.) Did I forget anything?
Utter CHAOS is their goal. Stand back, watch and start laughing. They surely are.

#87 Nonplused on 02.13.20 at 7:50 pm

Cheese and crackers, I wish these “Resource Movement” and other young people would learn something about economics before they try and save the world. The mistake ignorance for virtue.

First of all, you can’t tax the rich much more that we already do because they don’t have any money outside of cashflow, which is already taxed. Folks, I have explained it many times. Bill Gates is worth many billions because he owns shares in Microsoft. But shares in Microsoft are not money. You can’t take them to the store and buy things. If they instituted a “wealth tax”, Bill Gate (perhaps I should have used a Canadian example but the thought experiment is the same) would have to sell shares to raise the cash. But to whom would he sell them? Well, it’s going to mostly be other rich people. But wait! What’s this? Those rich people are also having to sell shares of whatever they own to pay their own “wealth tax”. So the problem with this scheme is that there is nobody to buy the notional wealth that a stock represents. Somehow or another, if a “wealth tax” is implemented, the 99% would have to start buying a lot more stocks so Bill can foot his bill. But if the 99% have the money to do that, why don’t they just pay their dentist themselves?

Remember, folks, the rich don’t have money. They have assets. And the value of those assets is notional. In other words it is made up in the mind. It isn’t real. There is some relation between the expected earnings and cashflow from those assets (except for TESLA and NetFlicks and AirBnB), but those shares themselves are not cash. Creating a large selling pressure (wealth taxes) when there are no buyers will crash the prices. And we already tax the cashflow those assets generate heavily.

——————-

Back to a new forming theme of mine that was also mentioned in today’s post by Garth but I am getting more and more clarity around it.

You see, things like CPP, OAS, Medicare, education, etc. were formed when life was simpler.

Back in the day when CPP was formulated hardly anyone lived to be 85 with 20 years of benefits. Now almost everyone does. This is how the system got broke. When forming CPP (and OAS) they did not consider what the effects of free Medicare was going to be.

But Medicare turned out to be a boondoggle of unimaginable proportions itself. When Medicare was first introduced to Canada as a government funded endeavor, medicare consisted of a doctor driving around in his car delivering babies, stitching wounds, setting broken bones, and prescribing what medicines they had at the time. And telling you how long you had to live so you could get your things in order.

There was no chemotherapy, heart transplants, HIV treatments, kidney dialysis, reconstructive surgery, brain tumor removals, skin grafts, MIR’s, x-rays, blood testing, genetic analysis, vaccines, back surgery, or anything of the sort. People couldn’t pay for it and the technology didn’t exist. Oh wait, what’s this? Unlimited government funds made unlimited procedures possible. But unlimited is unlimited. And that’s what happened.

——————–

Dental is another question. Is this the kids who didn’t get braces being jealous of the kids who did? I hope not because if so we will eventually have to cover breast implants and liposuction under government precinct so everyone can get the same. Some ortho work is necessary but it mostly occurs if your employer has an insurance plan.

But let’s say we cover just basic dental. So cleanings and cavities. But every now and then someone cracks a tooth playing hockey and they need a root canal or an implant. Where does it stop? I know I have paid enough money on the 2 teeth I cracked to buy a nice Toyota, and then whoa what I paid for my kids ortho! (but to be fair there was insurance.)

What’s happened is that health care has become much more complicated than when it was first envisioned. So has CPP and OAS. It’s a thing we can’t afford and we should just accept that one day we will die.

#88 Mom on 02.13.20 at 7:50 pm

Perhaps Tides Canada could pay for that wish list.

There are days I wish Al Gore had never created the internet. It would be more difficult for these nutjobs to find each other.

#89 TurnerNation on 02.13.20 at 7:55 pm

So…you want a UBI?

Congrats you just handed a tax free indexed income to:
– All the drug and human traffickers in your city (cash only pls)
– All the people working under the table for cash, no taxes paid.
– All the people who chose to ruin their lives with substances and burn every friendship and relationship they had.
– All the gambling addicts.
– All the people who decided to take student loans, expensive degree, and can’t get a job or are unwilling to work while while school part time
– The non-related, non-married couples with 2-4 kids between them, not working by choice; with the child care benefit and UBI bringing in 60-70k Tax Free each year. No child care costs remember, they choose not to work.
– People who exploit loopholes to unlawfully enter the country , bypassing those who do it properly.

Did I miss anyone?

#90 Jay Currie on 02.13.20 at 7:58 pm

“Reparations for Black Canadians?”

Reparations for what? Being the terminus for the Underground Railway?

These are stupid people, Garth. They get talking points and recite them without thinking about what they are saying at all.

#91 Democracy Is Mob Rule on 02.13.20 at 8:00 pm

#82 Long-Time Lurker on 02.13.20 at 7:38 pm
While I’m at it. Who’s funding Greta Thunberg to travel around the planet and protest?
_____________________________

Greenpeace

https://www.armstrongeconomics.com/world-news/climate/the-killing-fields-greenpeaces-greta-thunberg/

#92 Lost...but not leased on 02.13.20 at 8:03 pm

Maybe review Yuri Bezmenov video lectures from 1980’s

He was ex – KGB defector, and outlined how the west would be conquered by what is effectively “cultural marxism”.

The stages are:

-DEMORALIZATION
-DESTABILIZATION
-CRISIS
-NORMALIZATION

The useful idiots( currently moisters) will be good proxy warriors…and when the system collapses…they will be THE first rounded up…(because they will be the first to realize the “workers paradise” can never and will never exist) and the ” ALL WARS ARE BANKERS WARS” oligarchs who lured the moisters will eliminate them…

Same old same olde..

#93 Chuck Dubey on 02.13.20 at 8:05 pm

“By the way, where’s the official opposition?”

Tory Tomcats: AWOL
Dipper Singh: Probably Obsessed with his brand new squeez.

#94 Paul on 02.13.20 at 8:08 pm

#84 SunShowers on 02.13.20 at 7:44 pm
#4 JacqueShellacque on 02.13.20 at 3:56 pm
“Needs” are endless. Resources are limited.

Resources are not as limited as you think. For example, we currently produce enough food worldwide to feed approximately 10 billion people.

Given that there are only 7.8 billion people currently alive right now, the ONLY reason why anyone on planet earth goes hungry, is because we allow capitalists to let these people starve, because feeding them would be unprofitable.
————————————————————————————————
Yes feed everyone, then there will be 15 billion?

#95 Remembrancer on 02.13.20 at 8:13 pm

#81 Cici on 02.13.20 at 7:37 pm
I bet every single one of those “wealthy” kids’ parents are government workers with fat pensions funded in large part by working stiff tax-payer dollars. I also bet every single one of them is aspiring for a career in politics.
—————————————
Nope, thinking too small – kids of parents who need pensions, fat or otherwise, are just living off the higher end of the great unwashed working stiffs. The scions Gartho is writing about got their money the old fashioned way, great grandpa was a prohibition bootlegger, owned a hotel in the Yukon or built a railroad, they aren’t usually coming out of Orleans, Kanata or Nepean…

#96 NoName on 02.13.20 at 8:28 pm

#42 Phylis on 02.13.20 at 5:01 pm
#156 NoName on 02.13.20 at 3:03 pm

What voltage?

Everything from -48 to 600, power factor correction capacitors were funniest one 750dc.

And I am familiar with some machines that runned on 4160, but nothing ever went wrong with them electrically, except odd fuses and thermal protection on what I was calling inline reactor, it was probably something else. Didn’t touch those, above my license.

Im just mediocre electrician, not high voltage one.

#97 VICTORIA TEA PARTY on 02.13.20 at 8:30 pm

DO WE HAVE A NATIONAL FUTURE? AT ALL?

Big American Environmental seems to be winning the battle of “who gets Canada to become the next US state.”

Environmental groups skillfully stage-manage their useful idiots who spend time in the winter cold protesting Coastal Gaslink, TMX and the proposed Frontier oil sands project in Alberta. They must be happy about that.

Now CN Rail the largest railway company in Canada has halted its service in Eastern Canada, while necessary commodities including chlorine (used to purify municipal water supplies) are going nowhere.

Damage to Canada has now reached the point where our economy is starting to shut down because of blocked lines.

Will federal/provincial talks tomorrow in BC solve
anything?

Better hope so.

The feeling of anarchy seems to be creeping in along with economic and social blackmail imposed by non-elected groups bent on dictating how we must live.

Big American oil and large US family trusts are pumping money into the environmentalists’ pockets. In turn some of that loot goes to the nitwits on the picket lines. No self-respecting yuppie environmental activist will be dirtying their hands or their synthetic (oil-based) outfits “for the cause.”

Of course not.

Nope, that’s what the impoverished deplorables, the unemployables do for gift cards, cheap food and “glory.”

Hewers of wood, drawers of water and spittoon carriers for the environmental activists.

What kind of country are we anyway?

#98 Barb on 02.13.20 at 8:42 pm

“…200 members from rich families.”

———————————————

Mummy and Daddy should make the lil beggars mow the lawn every other day with a push mower.

#99 Grunt on 02.13.20 at 8:49 pm

Come on Garth, nothing new here. Both sides always played the game. Student idealism not full blown revolution.

Nice you unmasked the playlist though..

#100 A Dollar is a Dollar is a Dollar on 02.13.20 at 8:51 pm

Tax all earnings from any source, all transactions of any kind, equally.

So simple, so fair, so streamlined and unbureaucratic. We would save tens of billions simply in the reduced administrative and accounting processes involved in such a transparent tax system.

Why not?

(I hereby expect convoluted ripostes from those claiming that some earnings are more noble than others —- sadly just like all the self-justifying evil people in history who have claimed that men are better than women or whites are better than blacks. Bring it on!)

#101 Doug t on 02.13.20 at 8:51 pm

Commie soon – Universal Income, MMT and safety blankets/spaces/FREE EVERYTHING (at a price) LMAO

#102 Drew on 02.13.20 at 9:01 pm

Senior moister here, I think (b.1983). I would rather give the money I’ve been saving up my whole life to some select charities than give 55% to the government when I die.

I’m also against free transit. Transit is basically a luxury

Universal heath care I am generally for though.

It’s always the ones that lack the discipline to save that whinge the most.

#103 Shawn Allen on 02.13.20 at 9:03 pm

Taxing the Wealth of the mega rich

Thomson family was mentioned.

Good people I think. First was Roy Thomson. Baron Thompson of fleet. Died 1976 age 82. Originated the family fortune I believe mostly in newspapers.

Son Ken Thomson died 2006 was second baron of fleet. Lived modestly. Pinched pennies in his personal life. Got the family out of paper newspapers way early. Very astute.

Son David Thomson, born 1957 now the family patriarch.

At least they do not seem to squander money. And even if they did it put it in circulation to others.

What I wonder is how much inheritance tax / deemed capital gains tax on the fortune on the deaths 1976 and 2006 was ever paid? My guess is about zero.

Meanwhile our RRSPs and cottages will be subject to full tax and deemed capital gains respectively upon death (of last spouse)

Might there be room to tax the Thomsons and other mega fortunes on death? I mean I’m a romantic and find monarchy and inherited titles and fortunes interesting. But really why should these escape taxes with the use of trusts and other schemes? Am I wrong? Really?

#104 ImGonnaBeSick on 02.13.20 at 9:12 pm

#57 crazyfox on 02.13.20 at 6:15 pm

Blah blah blah…
Yes, look. Equality has traditionally been far too socialist for the privileged to easily warm up to.
Drivel drivel drivel…

——

Same old argument gets same old response; equality of opportunity, not equality of outcome… The prior is what is required, the latter is ridiculous… (get better JP!)

Go back a couple weeks and reread Ryan’s post on capitalism, and why, although flawed, the best system we’ve ever come up with.

#105 Katherine on 02.13.20 at 9:15 pm

Glad my millennial children not part of this manifesto. They are not all snowflakes….many millennials out there believe in hard work, delayed gratification, investing, and paying yourself first. Many earn more than $80000 and don’t want to be being penalized for it.

#106 april on 02.13.20 at 9:20 pm

#82 – Al Gore and Greenpeace. Jenifer Morgan of Green peace is coaching Greta. Greenpeace is making millions by using Greta.

#107 april on 02.13.20 at 9:22 pm

#104 – source: Martin Armstrong.

#108 ImGonnaBeSick on 02.13.20 at 9:31 pm

#84 SunShowers on 02.13.20 at 7:44 pm

Resources are not as limited as you think. For example, we currently produce enough food worldwide to feed approximately 10 billion people.

Given that there are only 7.8 billion people currently alive right now, the ONLY reason why anyone on planet earth goes hungry, is because we allow capitalists to let these people starve, because feeding them would be unprofitable
——-
Just ask the teachers… No money equals no workey there smart guy.. so tell me again how resources aren’t limited?

#109 Rebecca on 02.13.20 at 9:44 pm

I made $295k last year, and I agree with all of the policies outlined by the Resource Movement. Thanks for the introduction, Garth!

#110 DON on 02.13.20 at 9:44 pm

#40 31M604 on 02.13.20 at 4:59 pm

I remember when I immigrated to Vancouver with my parents in the 90s, people were able to afford a modest SFH in Vancouver even with regular median income.

Is there a chart anywhere that plots historical median income and RE prices over the last few decades (and maybe interest rates)?

My Google-fu is failing me
**************

Around that time I worked for a global consulting company and the NDP got booted out and the BC Liberals got in. Old houses in Dunbar area (near UBC) were going for $400K and that was expensive at the time. The old Van Sun/Province news rag printing building near Granville and Broadway was replaced with high end spacious concrete condos with multiple decks and a great view of downtown and the mountains $169 –
269K.

BC had just went through two recessions and the dot com boom was just taking off. Also the start of house price increases in the US. But interest rates were above 5% and good paying jobs were few (boomers in mid career) and the banks were asking young people for 5 years steady employment and higher qualifying wages. Not anybody with a pulse and a job got a mortgage. The insiders I worked with (taking into account the US boom) started buying real estate. They knew that the BC Liberals were real estate friendly. No doubt they made tons of cash, then again no doubt they just kept scaling up. This was the smart money.

Since then no major recession as Canada weathered the 2009 downturn selling commodities to governments that were printing money. Same happened in Australia.

#111 Shawn Allen on 02.13.20 at 9:44 pm

#101 Drew on 02.13.20 at 9:01 pm said:

I’m also against free transit. Transit is basically a luxury

****************
Luxury? Anyhow, I would subsidize transit. But does not ned to be free. Remember roads are paid partly or largely with income or property tax as opposed to gasoline tax are they not? If so, that is a subsidy to car drivers. Should be a lot more toll roads.

I’d subsidize transit to get more cars off the road leaving more room for me!

#112 crowdedelevatorfartz on 02.13.20 at 9:46 pm

@#99 A penny saved
“Tax all earnings from any source, all transactions of any kind, equally.”
+++++

I totally agree.
If everyone had to pay 10% tax.
It would hurt the welfare bums that are taxed 10% off their cheques ( equality and all that) harder than the billionaires.
Oh and the billionaires can hire excellent accountants and tax lawyers so, chances are, they will make zero income , year after year after year…..or they will move out of Canada to a tax free haven.
Rich people are rich because they arent stupid or lazy.

#113 crowdedelevatorfartz on 02.13.20 at 9:49 pm

Would the last Quebec company to receive federal handouts that shuts down….please tell the Liberal Party to turn out the lights?

https://business.financialpost.com/transportation/the-dismantling-of-bombardier-company-abandons-commercial-aerospace-eyes-focus-on-private-jets-as-sale-of-train-unit-said-to-loom

A shame its not SNC Lavalin on the chopping block….

#114 Shawn Allen on 02.13.20 at 9:51 pm

Pension Envy

#94 Remembrancer on 02.13.20 at 8:13 pm
#81 Cici on 02.13.20 at 7:37 pm
I bet every single one of those “wealthy” kids’ parents are government workers with fat pensions funded in large part by working stiff tax-payer dollars. I also bet every single one of them is aspiring for a career in politics.

*****************************
Sure paid by the 40% that pay no net taxes?

The government hired people and paid the agreed wages including usually half the pension contributions. And many citizens cry about it.

Such envy is tiresome.

Winners win and losers whine, it seems.

#115 will on 02.13.20 at 9:51 pm

#10
a) chop their own wood,
b) Kill their own food,
c) Cook their own food,
d) dig their own latrines,
e) Chew bark until its as soft as toilet paper.
f) Shave with sharpened sea shells

I used to think about that. I call that being a modern day hunter gatherer. I still like the idea. and you can still do it in Canada. i probably won’t go there. but thanx for the reminder. it’s a good dream. though i don’t know about the chewing of the bark, unless it’s for decorative purposes.

#116 joblo on 02.13.20 at 9:53 pm

#51 Rememberancer
“As far as the PM’s Office goes, show of hands, should Mr. Socks keep his globe trotting security council application going or maybe get the hell back here and resolve the little matter of no CN or Via Rail trains running?”

Blackface may as well keep globetrotting and prancing,
who listens to his bafflegab anymore? what ideas would he um, ah, have worth considering?

#117 Gary C on 02.13.20 at 10:08 pm

Garth, glad you connected the dots re the Tides Foundation, and T2, they just replaced Butts with another flake.
We are becoming Puerto Rico North, with a touch of Venezuela to add flavour to the destruction of our economy. As Margaret Thatcher once said.

Socialism is wonderful until you run out of other people’s money.

#118 MaryEn on 02.13.20 at 10:12 pm

It’s so sad…Only thing that these guys should get free is a long vacation to Venezuela. Or North Korea if they prefer.

#119 DON on 02.13.20 at 10:12 pm

#102 Shawn Allen on 02.13.20 at 9:03 pm
YUP!

#120 NotLegalAdvice on 02.13.20 at 10:13 pm

Rule of 90 posting coming tomorrow!! Let me write tomorrows blog post lol

#121 Ronald coe on 02.13.20 at 10:16 pm

O here we go… Another Soros funded campaign. Funding the broke venerable millennial idiots. You think this
destabilizing sicko would just go away and live out his numbered days left on this rotting planet.

#122 Matt on 02.13.20 at 10:24 pm

I feel like everyone in this YouTube video lacks real life experience. the first time I made over 80K I was 22 years old in 2008. I punched some numbers then and realized 80k isn’t all that impressive, and every decision I made between 22 and 65 was going to have a big impact on my ability to retire. and in 2008 living was much cheaper and I had much more disposable income but it was still hard to save.

millennia’s have a higher income average than there parents and still most are within 200 dollars every month being able to afford there bills. they actually can’t afford to be taxed anymore. and an inheritance tax is a joke, how many times do we really need to tax something. I can see taxing the top 1% on earning more heavily but unfortunately there isn’t that many in Canada to make a difference.

the odd thing about Canada is the average household income doesn’t support the cost of living. I think that needs to be further investigated. I could go on but who really reads these.

#123 crazyfox on 02.13.20 at 10:33 pm

Already read it, why should I go back and why are you putting words in my mouth? Did I slight capitalism? No, flawed, but the best economic system we’ve got which, btw, exists in a socialist system just as it does communist and democracies etc. but sick puppies like yourself like to conflate and make shit up. All I have to do is mention the word “socialist” for response, works every time.

I took a dig at those (Jason Kenney) who smears groups like Tides out of blind partisanship because Kenney unites through division (its why he’s failing):

https://ca.news.yahoo.com/environmental-groups-not-interviewed-steve-140000145.html

Who does Kenney speak for, the common man or the rich man (who, according to nonplused has no money, go figure). Kenney is a failing politician (I’d imagine some in Ontario would use the term “failed”)
for good reason and the blind loyalist that agrees with him should take a good hard long look at what Tides stands for before dismissing the group with the wave of a hand. This isn’t an organization in the sticks with one employee and to attack it or write it off, one should at least go through the website of which I’m certain most haven’t done:

https://tidescanada.org/impact/grants/

https://tidescanada.org/our-solutions/shared-platform/projects/

#124 Dr V on 02.13.20 at 10:40 pm

99 3D

“Tax all earnings from any source, all transactions of any kind, equally.”

So my 50th dollar should be taxed the same as my 500050th dollar, right?

“We would save tens of billions simply in the reduced administrative and accounting processes involved in such a transparent tax system.”

yes we would.

#125 DON on 02.13.20 at 10:48 pm

@ TurnerNation

The world is upside down.

In BC we have real estate professionals and the pro big business official opposition party asking the current gov to form a public insurance company to control the ‘crisis’ in the condo market.

Just wait till MAGA transforms into ….’In Trump we Trust!’ after what appears to be his inevitable re-election. Trump calls the democrats corrupt twice in the same sentence and no reaction. Then again he has been saying it for years and laying the ground work for the upcoming election rumble.

What’s next? Blame the sluggish global economy on the virus, even though the economy was deteriorating prior to the virus. No doubt politicians will jump on this angle. ‘We didn’t see it coming, we didn’t know, its not my fault, nobody saw it coming!’

#126 Dr V on 02.13.20 at 10:53 pm

“….and the closing of all tax breaks for the top 10% of
income-earning Canadians (that’s anyone making
$80,400 or more).”

So $80k is a lot of money. And I would agree it’s a good wage. But after you take off $3k for employee
CPP share, then the tax, you are left with less than
$60k in most provinces. Now that doesn’t seem like so much, especially if there is a mortgage and kids involved.

#127 Al on 02.13.20 at 11:41 pm

Meaningful wealth and inheritance tax is necessary unless you prefer an oligarchy over a democracy. It’s about who has the power.

#128 Robert Ash on 02.13.20 at 11:52 pm

A lot of the problems or frustrations with today’s activists, lead back to Maurice Strong, and Pierre Trudeau. Strong started the Eco Movement, and NGO’s was a sworn Socialist with a Capitalists Methodology. He founded the World Wild Life foundation, NGO’s and many other Sustainable Development institutions. Gerald Butts was the President of the WWF… and Justine is following in this Fathers philosophy of a Just Society. Pierre Trudeau, selected Strong to take the CEO’s job at Petro Canada, and that was after Strong was CEO of Power Corporation… It doesn’t take too long to see the connection. It is also not a surprise that the East West imbalance of Resource based Industries is often in systemic conflict… We have been lead to the water, and have been drinking at will… The sad part of this situation, is the Lost Opportunity cost, and the fall out of National Unity. Also providing a FN Reconciliation mandate for Political Expediency is another example of Idealism, that is off the track… There is a lot of Virtuous Talk and Dialogue but it is just Noise that sadly is very disruptive, and will have long term damaging effects on all Canadians. Electing the Trudeau Liberals, was not a prudent choice in terms, of selecting Pragmatic common sense, middle of the Road Leadership. It was an election of quiet, determined and long thought Idealism. Certainly not what the average working Canadian really wanted or expected.

#129 PetertheSeparatistfromCalgary on 02.14.20 at 12:07 am

This post scares the shit out of me. Tides Canada is a tool of evil US fanatics who want to make the world a giant nature preserve, destroy capitalism, and ruin Alberta’s economy.

#130 Nonplused on 02.14.20 at 12:16 am

#102 Shawn Allen

The Thomsons, whether good people or not, were taxed, are taxed, and will be taxed. there is no magic money to be created by trying to tax them more now. An inheritance tax only means the government gets to cash in an annuity today. There will be no more money. In fact, history has shown the long term result will be less wealth for everybody, including the government.

In our highly industrialized world, people with enough money to own a factory are an ugly necessity, not a blight. The alternative is to go back to owning goats and building fences out of rocks by hand.

#131 Caroline O'Conner on 02.14.20 at 12:48 am

Tides is a direct subsidy of two George Soros hate groups, Change.org and Move On. Org. Tides is not a charity, it is a hate front. You should be asking why is Justin Trudeau holding a welcome mat for George Soros knowing full well that Soros is an internationally recognized monster. Tides is only the top of the iceberg of hate floating under the surface. If you don’t see how Canada is being attacked by Soros backed communists you’d better wake up.

#132 Not So New guy on 02.14.20 at 12:49 am

The main problem we have in the country is not the extremely rich. The bigger problem is the wide income/wealth band. When the band is wide it is harder for the poor to compete against the rich. We live in an auction-based system and once you get above the average income, you are able to compound your advantage by buying more wealth-producing assets.

We need to narrow that band while at the same time not stifling those who have the talent to generate wealth. The former stifles creativity in the grassroots and the latter stifles creativity among proven wealth builders

Creativity is the future of Canada

#133 Yuus bin Haad on 02.14.20 at 1:22 am

follow the money

#134 Not So New guy on 02.14.20 at 1:46 am

#136 Captain Uppa on 02.13.20 at 12:33 pm

#135 Not So New guy on 02.13.20 at 12:18 pm
#122 Captain Uppa on 02.13.20 at 9:36 am

“I know A TON of people like this and guess what? It’s all going to be inherited by their children. That is another reason why this RE party will not end in any foreseeable future. A lot of people don’t talk about the huge wave of big inheritances coming.”

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

Who exactly are these people going to sell their houses to in order to unlock all that ready cash? How many Canadians can afford those houses when 90% of them are making under 30K?

—————————————————————

Who’s buying them now?

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

I had to think about that for a bit but in many cases, boomers and boomer parents for their kids

#135 Ronaldo on 02.14.20 at 1:59 am

#40 31M604 on 02.13.20 at 4:59 pm
I remember when I immigrated to Vancouver with my parents in the 90s, people were able to afford a modest SFH in Vancouver even with regular median income.

Is there a chart anywhere that plots historical median income and RE prices over the last few decades (and maybe interest rates)?

My Google-fu is failing me
—————————————————————-
I compiled these several years ago, with the info we have available on the internet now it would be fairly easy to update the years following 2005 where I left off.
Anyway, here is what I have.

Historical Housing Prices Vancouver (sfd):

5 YR. CLOSED BOC RATE BANK PRIME
HI/LO HI/LO HI/LO
1992 – 245,200 8.72/10.37 5.11/8.52 6.25/9.75
93 – 279,800 7.71/9.47 4.11/6.81 5.50/6.75
94 – 309,500 7.20/9.69 3.88/7.43 5.50/8.00
95 – 309,500 8.45/10.60 5.79/8.47 7.50/9.75
96 – 288,200 6.94/8.48 3.25/5.50 4.75/7.25
97 – 287,000 6.69/7.56 3.25/4.50 4.75/6.00
98 – 278,600 6.69/7.32 4.50/5.75 6.00/7.25
99 – 287,100 6.71/8.13 4.75/5.25 6.25/6.75
2000 – 295,977 7.81/8.50 5.00/6.00 6.50/7.50
01 – 285,900 6.51/7.68 2.50/5.75 4.00/7.25
02 – 301,000 6.39/7.00 2.26/3.00 3.75/4.50
03 – 329,500 5.62/6.44 3.00/3.50 4.50/5.00
04 – 374,300 5.31/6.10 2.25/2.75 3.75/4.25
05 – 445,800 5.26/5.67 2.75/3.50 4.75/5.00
06 3.75/4.50
07 4.50/4.75
08 1.75/4.25
09 .50/1.25

#136 crazyfox on 02.14.20 at 2:15 am

Lets look at this video again, I’ve got some time, the one Garth wants us to get all foamed at the mouth over (2nd time ’round am I right Garth?) and lets keep in mind that what’s their name, “Resource Movement”, has 1 video on youtube in English and French, likely has 1 employee out of first year college with a mail box in the sticks on an empty lot in the U.S. someplace since the Green New deal is a U.S. issue and hold it!

https://tidescanada.org/2019-year-in-review/#sharedplatform

There are three P.O boxes in Canada and no facts besides a video of teenagers. That’s concerning:

https://tidescanada.org/project/resource-movement/

Resource movement is 1 out of 60 Tides projects all with the same 3 post office boxes:

https://tidescanada.org/our-solutions/shared-platform/projects/

Looking at the financials, donations can go to the charity for general purposes or donations can go to specific projects with strings attached. They seem to check out. Lets move on.

https://www.youtube.com/watch?v=Vkn3qUJ6YI0

I want, I want, I want, I want and so on, annoying video.

– full pharmacare and dental
– free transit
– a system that actually takes me places I want to go
– reparations for black and indigenous people
– real action on climate change
– including and implementing a green new deal
– full cost of assistive devices
– wheel chairs, hearing aids, diabetic equipment
– affordable housing, a human right

“I want” sounds like spoiled Christmas children all grown up. Sort of.

“Tax my inheritance, tax my families wealth, tax my wealth. Canada is only G7 that doesn’t have a wealth tax and an inheritance tax. Leading voices around the world are calling for an ultra rich tax and inheritance tax. We have the money we need, its just in the wrong pockets.” Wide eyed, a zit popper claims “9 billion a year. 9 billion!”

Leave it to the young to dream. Of course, they can when they’ve never looked at a provincial or federal budget. “We have the money we need, its just in the wrong hands and we can get it through taxation”, is utterly false. There is no truth in this.

So is the claim that most G7 have an uber rich wealth tax, that’s also not fit for toilet paper. The U.S. has an inheritance tax but did away with their land tax so assets can be passed on tax free, a major distinction that’s taken place since the Trump presidency to shore up support for the white red states. The U.S. is also 15% capital gains taxed where here, its 50% and lets get real for a second here, if we really wanted to stick it to the rich, you would do it through gains.

https://www.taxtips.ca/taxrates/on.htm

The uber rich set up corporations and earn gains through corps that are half taxed through the sale of shares, or they earn gains through portfolio investments or the sales of gains on assets. It’s why the Warren Buffets of the world pay less than 15% in income tax. Nearly all of his earnings come by way of market gains. Say hi to corporate America. Sure, you have to cancel shares when you are a corporate earner but corps can issue more shares, change to holding companies with new tax advantages when shares get exhausted, but I wander. Youth would do well to ask the right questions to a chartered accountant.

For the most successful corporate shareholders or heavy cap gain income earners, 54% taxed is more like 27% in Canada but again, in the U.S., what’s 15% of the highest tax rate there? Market profiteers, lets not forget, are mainly gains but they are putting up money to risk, its no dog and pony show. With risk, there should be reward. 15% gains? That’s income inequality right there. 50%? Not so much.

Point is, the rich in Canada don’t get a free ride. If you are corporate it helps, but even there its not super easy to get that corporate wealth back in your name. Corp’s earning more than $500 K are 27% taxed and 50% of cap gains is 27% through shares, they still get you. The tax advantage is more equity for the corp to grow and that’s the kicker. Cont.

#137 crazyfox on 02.14.20 at 2:27 am

Lets also get real once again for a moment. Most think its all just tax and spend when it comes to government but there’s a third way to balance and its through regulations. The youth make the same miscalculation (or their parents youth or non taxed charity their parents milk, go figure) which is to raise taxes on the rich and raise spending thinking its all about tax and spend but there isn’t enough money to do his and here’s why:

I should have gone federal but lets look at Alberta’s budget for a sec, I still have time, likely indicative of what other provinces pay ball park per sector (page 9):

https://open.alberta.ca/dataset/7714457c-7527-443a-a7db-dd8c1c8ead86/resource/b4cf321b-4b11-4b1b-a269-88f5828274ab/download/2018-19-goa-annual-report.pdf

2018:
Tax revenue: $47.879 billion

Expenses: $ 56.181 billion
Healthcare: $ 22.099 billion
Education: $ 14.663 billion
Social services: $ 5.922 billion
Other: $ 11.916 billion (full breakdown on page 23)

Alberta ran an $8.8 billion dollar deficit for 2018-19. 61.8% went to health and education. Through most provinces, health and education clocks anywhere between 60 and 70%.

Where do you cut? If you do, its going to be against the civil service and unions, can’t be helped an you’ll be lucky to freeze never mind roll back. Do you raise taxes? Just to get to balance, Alberta has to find $9 billion, a 16% tax increase. Alberta can forget about nat gas helping out. Conservative governments offer the cheapest oil royalties in the world, they can raise it but could they, especially when nat gas is a loser and oil and gas producers are 30/70 on average in Canada? Point is, governments all across Canada are running red ink and the rich are taxed enough.

There is a third way which is to reduce spending through regulation but the regulation I’m talking about is federal. The point of forcing readers to glance at a provincial budget is, the largest expense of all provinces is healthcare clocking in at 39.3% in Alta as an example. It’s the elephant in the room. The only way one can realistically chop this number is by making Canadians healthy again and the only way to do it is through food and drug regulations.

In the U.S., 28% of the adult population has a metabolic syndrome (cardiovascular disease, diabetes, kidney disease, cancer) etc. . Metabolic syndrome means chronically ill. 52% of the U.S. adult population has a metabolic “disorder” meaning they are chronically ill or sick and don’t know it through adding early onset heart disease, diabetes, deteriorating digestive systems etc. .

30% of adults are obese. of this 30%, 80% are sick. A further 40% of the remaining 70% that are a normal weight, are sick. We can have marbled organs at a normal weight and we can have low fat organs in obese people, its all about the body fat percentage of our organs, i.e. diet and exercise. How are we fattening our organs? High simple carb loads, low fiber, it all goes back to the food supply.

How does a society reverse diabetes that is going through the roof in Canada, and in particular native communities? The percentages would make the Corona virus blush. We do it through federal food and drug regulations nation wide. Heart disease, kidney disease, digestive cancers, leaky gut syndrome, obesity, Alzheimer’s, it all comes back to the food supply. The video below is the best one I’ve found on macro economics in relation to food and food additives (sugar) but its not by any means complete:

https://www.youtube.com/watch?v=bhh19cQukfg&t=4309s

The only way to good health is a healthy gut Biome and the only way to a healthy gut Biome is high fiber and the only way to achieve that is whole unprocessed foods. Seeds, nuts, berries, veggies, fruits, grains, fiber. If we don’t get fiber, we are screwed. All the dangerous cravings in the world take over and we plump up from there.

Juice fasting (Anabolic, Catabolic phases, ketosis, autophagy) is also a must to know and should be nation wide knowledge and taught in schools and beyond. Out of time but the point is, never underestimate the governments power to regulate. We get droned into thinking its all tax and spend and regulations are just for financials & real estate but when we look at where governments spend the most, its on health care and it doesn’t come cheap. Metabolic syndromes are 75 to 80% preventable, likely 60% reversible or higher, it begins with the food supply so of course, its way past overdue the need to tighten regs on the food supply!

https://www.youtube.com/watch?v=XkjxKZ1dwB4

#138 Kilt on 02.14.20 at 2:32 am

80K a year isn’t much. If you are a 1 income family you can barely get by on that. Awfully nice of the 1 percenters to make sure no one else will ever Work their way into the 1%

Kilt.

#139 Where's My Money Guidos? on 02.14.20 at 2:34 am

BC Liberal Government Shut Down RCMP Unit After Mobster Bought Stake in BC Casino: Report
https://pressprogress.ca/bc-liberal-government-shut-down-rcmp-unit-after-mobster-bought-stake-in-bc-casino-report/

It’s long been known in B.C. that RCMP not investigating money laundering, sources reiterate
https://globalnews.ca/news/5145925/bc-rcmp-not-investigating-money-laundering-sources/

And the RCMP shut down their Financial Crimes Unit in Ontario. Very interesting…
https://www.thestar.com/news/investigations/2020/01/15/the-rcmp-is-shutting-down-its-financial-crimes-unit-in-ontario-heres-why-former-top-mounties-says-its-a-mistake.html
Doesn’t have anything to do with housing I guess….

#140 Gordon Brisk on 02.14.20 at 3:21 am

BANNED

#141 Where's My Money Guidos? on 02.14.20 at 4:05 am

A little history on Vancouver and Real Estate:

https://thetyee.ca/Analysis/2020/02/13/Gov-Real-Estate-Vancouver-Housing-Unaffordable/?fbclid=IwAR2xfeZZ2qYDi_JbMDGaIhUhhYZZ-PRJ6oT1T4zjPK1Cvdcq9CzqT8FH7YM

#142 Howard on 02.14.20 at 5:40 am

It is likely that China is about the unleash the largest stimulus package in human history to counteract the coronavirus economic damage. A couple hundred more ghost cities full of buildings that won’t last more than 5 years, more high speed rail, roads to nowhere. China will try to build itself out of impending financial calamity. It will fail in the longterm (watch one of Peter Zeihan’s recent talks), but in the medium term it will be a boon to commodities. Long oil, long base metals.

#143 earthboundmisfit on 02.14.20 at 6:03 am

I’ll believe Butts is truly gone when I see his head on a pike on the front lawn of Queen’s Park.

#144 SoggyShorts on 02.14.20 at 7:01 am

#100 A Dollar is a Dollar is a Dollar on 02.13.20 at 8:51 pm
Tax all earnings from any source, all transactions of any kind, equally.

So simple, so fair, so streamlined and unbureaucratic. We would save tens of billions simply in the reduced administrative and accounting processes involved in such a transparent tax system.

Why not?

(I hereby expect convoluted ripostes from those claiming that some earnings are more noble than others —- sadly just like all the self-justifying evil people in history who have claimed that men are better
******
Hahah your weakest post yet.
“Anyone who disagrees with me is just A bad as the worst racist”
Idiot.

As someone who has clawed his way up near the 1% on his own hard work, I’d be thrilled to pay the same % of tax that the poor could handle.
Those 40% at the bottom who pay net Zero now? How much could they handle? 10%? 20%? Anything they could handle would be massive cut for the wealthy.

Small businesses all die though, which would suck for about 50% of people.
Think about it, if you removed the Small business tax deduction advantage no startups would stand a chance.

#145 Elcheapo on 02.14.20 at 7:42 am

If they toss in reparations for Anglo Quebecers brutally displaced by the shocking events of 1976, I’m in!

#146 G on 02.14.20 at 7:44 am

Coronavirus outbreak: US ‘disappointed’ by China’s response Guardian News Feb 14 1min
https://www.youtube.com/watch?v=4HmDaJjFO3A

(I hope it’s contained here, but with an up to 14day period before you get symptoms, if 14 is long enough and are you still aren’t shedding virus once you feel better? Only more time (weeks to months) will tell if it’s really contained here? You did see all the flights that came out of china and right after there new years!)

Protect self and family Dr. John Campbell Feb14 11min
https://www.youtube.com/watch?v=IkdPFCStA38

Be safe. Happy Valentines everyone.
I hope the people in China and the world can stop/slow COVID-19 spread so less people die from this, engineered virus, that got out!

#147 JacqueShellacque on 02.14.20 at 8:04 am

#85 SunShowers

“Resources are not as limited as you think. For example, we currently produce enough food worldwide to feed approximately 10 billion people.

Given that there are only 7.8 billion people currently alive right now, the ONLY reason why anyone on planet earth goes hungry, is because we allow capitalists to let these people starve, because feeding them would be unprofitable.”

That’s a false duality. The entire world’s food supply isn’t completely controlled by “capitalists”, who auction it all off to the highest bidder. If you were to look at why poor kids in Africa go hungry, you’d probably find a plethora of reasons mostly related to lack of institutions and security before even getting to “capitalism”.

#148 Tax the 1% on 02.14.20 at 8:17 am

According to statistics wealth concentrated in the hands of few, and continues to do so, while the others are getting poorer and poorer. I don’t see a problem with a wealth tax or inheritance tax (for over 10 mil inherited).

What a fallacy. How can taxing 1% (who are already taxed) make life better for the 99%? There aren’t enough of them. Maybe you should look at your own life. – Garth

#149 crowdedelevatorfartz on 02.14.20 at 8:21 am

News out of China:

Tuesday: “Everything is fine, the virus cases are leveling off…”

Friday: 500 million people are under “restricted movement” policy.

https://www.reuters.com/article/us-china-health-scale/under-chinas-coronavirus-lockdown-millions-have-nowhere-to-go-idUSKBN2081DB

Lets see how 500 million, bored, unemployed, hungry, scared people react to slogans, singing, and communist propaganda…..over the next few weeks.

Happy (Red Communist) Valentines Day

#150 Dharma Bum on 02.14.20 at 8:27 am

#5 Ustabe

Shitting your pants over a trial balloon puts you squarely in the band of kids who allow themselves to be scared around a campfire, surrounded by friends and melted marshmallows.
——————————————————————-

Remember “Anson Minor”?

https://books.google.ca/books?id=YGFLAQ-Cu6sC&pg=PA81&lpg=PA81&dq=anson+minor+story&source=bl&ots=TM7-3CgEQM&sig=ACfU3U399yk6TojteHedo4qjJgM8KNeeew&hl=en&sa=X&ved=2ahUKEwjgj86QktHnAhWqrVkKHVg6B3wQ6AEwBnoECAoQAQ#v=onepage&q=anson%20minor%20story&f=false

#151 crowdedelevatorfartz on 02.14.20 at 8:32 am

@#131 Caroline O’Conner
“If you don’t see how Canada is being attacked by Soros backed communists you’d better wake up.”
++++

Silly me. And I thought the full moon was last weekend…..

Are you any relation to Carol O’Conner aka Archie Bunker?

#152 Phylis on 02.14.20 at 8:37 am

#126 Dr V on 02.13.20 at 10:53 pm …and at 80k + it will categorize teachers as rich. Many are one class away from the sunshine list in Ontario. (Teachers know what their colleges did to get on the list.)

#153 Dharma Bum on 02.14.20 at 8:39 am

#56 Andrew

Hard times make strong people
Strong people make good times
Good times make weak people
Weak people make hard times
——————————————————————-

We are on the cusp of stage 4 now.

#154 Phylis on 02.14.20 at 9:01 am

#96 NoName on 02.13.20 at 8:28 pm
#42 Phylis on 02.13.20 at 5:01 pm
#156 NoName on 02.13.20 at 3:03 pm

What voltage?

Everything from -48 to 600, power factor correction capacitors were funniest one 750dc.

In that case the equipment should be identified with a label stating the proper PPE and approach boundaries. If not, its a code violation. Other than that, insulated gloves, leathers, glasses and a 10? Cal suit followed with a pre task safety plan might suffice. Do i get the job? ;)

#155 Dups on 02.14.20 at 9:03 am

The demands of this new tax they are calling is flawed!
How do you spur innovation to achieve all these nice and new medical devices and services by taxing the creating minds that would make more than 80k/year. What is the incentive of inventing new things when you do not get anything for it?

Stop with the maple syrup gifts for people that break the law. It does not work! Cut their subsidy and welfare, electricity and gas and water, let them try the stone ages for a while, then they will beg for the services and goods to flow back. Getting back to stone age, thinking the technology is ruining the environment is not the solution. All those protesters drive vehicles, all have homes that heat up with natural gas and etc.

#156 Shawn Allen on 02.14.20 at 9:20 am

Tax the 1%?

What a fallacy. How can taxing 1% (who are already taxed) make life better for the 99%? There aren’t enough of them. Maybe you should look at your own life. – Garth

*****************************
Bad Math? It’s not how many of them that matters at all, but how much they have / make. If they have a huge percent of the income and wealth and if they are not paying enough tax (debatable) then there is room to tax more.

Sure they pay a lot of tax on the income they report. What of the wealth and income they don’t report? Is there really none of that? Mostly legal tax avoidance?

Ever read a story about a mega wealthy family (the 0.001%) having to sell part of the business to deal with tax on death? I have not. Legal tax avoidance I guess.

I’m a 1%er and hand over 54% of my income annually. Meanwhile 40% of Canadians pay no net tax. Thinking a small number can finance so many is the ultimate math failure. Politicians need an honesty bath. – Garth

#157 Re-Cowtown on 02.14.20 at 9:21 am

Why is the Tides Foundation a charity? They’re nothing but political activists and that is banned activity.

Strip Tides, Suzuki, the Pembina Foundation, WWF, Sierra Club and Greenpeace of their charitable tax status.

But will T2 do it? No. The beard doesn’t hide the fear.

#158 Remembrancer on 02.14.20 at 9:25 am

#151 crowdedelevatorfartz on 02.14.20 at 8:32 am
@#131 Caroline O’Conner
“If you don’t see how Canada is being attacked by Soros backed communists you’d better wake up.”
++++

Silly me. And I thought the full moon was last weekend…..

Are you any relation to Carol O’Conner aka Archie Bunker?
————————————————————-
I usually don’t butt in, OK, I sometimes don’t butt in, but anyone who rants about Soros is in tidal lock with a full moon and is beyond reasoning with fartz…

I do need to point out though that Archie Bunker was a character in a TV sitcom (a pretty subversive one btw for the time commenting on the working class, racism in society and the like) while Carroll O’Connor was an actor who played Archie Bunker but wasn’t really like him…

#159 Shawn Allen on 02.14.20 at 9:28 am

Anti-capitalist

85 sun showers said:

Resources are not as limited as you think. For example, we currently produce enough food worldwide to feed approximately 10 billion people.

Given that there are only 7.8 billion people currently alive right now, the ONLY reason why anyone on planet earth goes hungry, is because we allow capitalists to let these people starve, because feeding them would be unprofitable.

**********************************
Good grief, how many could be fed without the capitalists who brought tractors and vast farm automation and pesticides?

Maybe earth would have more like a billion people far more equal and living in poverty. Better?

And of course without capitalists you would not be posting here for so many reasons. Technology. Your leisure time.

How many would bite the hand of capitalism that clearly feeds them so much?

Democracy. The best system. And yet so scary that everyone gets an equal vote. No matter their views.

#160 Shawn Allen on 02.14.20 at 9:32 am

Trump’s brilliance

In part is that he convinces people that he is them. A vote for Trump is a vote for “us” for themselves. Brilliant.

Constantly invoke enemies of the people that only Trump can fight off. Brilliant.

Politics has always been about us vs them. Always. – Garth

#161 Shawn Allen on 02.14.20 at 9:42 am

Tax the 1%

I’m a 1%er and hand over 54% of my income annually. Meanwhile 40% of Canadians pay no net tax. Thinking a small number can finance so many is the ultimate math failure. Politicians need an honesty bath. – Garth

******************************
Congratulations and thank you. You clearly pay your share. As you have explained your business has a special rule that makes it harder than normal to avoid income tax.

My concern is not the 1% (goodness even I am probably that) but the 0.001% The Thomsons and mega rich.

Also I think there is room to move capital gains and dividend taxes a bit higher (yes I will be hit there a bit)

Anyhow my ultimate concern is just make the system fair and efficient.

I don’t begrudge the tax I pay but certainly in Alberta I am not in the 54% bracket and (sadly) never will be.

The saying is “You stand where you sit”. Everyone’s views are influenced by self interest. I pride myself on being at least somewhat objective but none of us are truly 100% objective.

P.S. no one is paying 54% on capital gains or dividends are they? How is there no room for something closer to a dollar is a dollar?

#162 crowdedelevatorfartz on 02.14.20 at 9:54 am

@#128 Robert Ash
“Electing the Trudeau Liberals, was not a prudent choice in terms, of selecting Pragmatic common sense, middle of the Road Leadership. It was an election of quiet, determined and long thought Idealism. Certainly not what the average working Canadian really wanted or expected.”
++++

Well said , deserved repeating.

#163 Bguy1 on 02.14.20 at 10:01 am

Agree that higher income taxes will not provide the revenue many think. Would rather see GST go back up to close deficit gap/fund social programs, etc. Having said that, in Canada Millennial population = 9.8million, gen z about 7.3million, boomers 9.6 million. Mills and Z have the plurality. If we want to sail he ship into the rocky coast, it is our choice.

#164 IHCTD9 on 02.14.20 at 10:13 am

#43 Mattl on 02.13.20 at 5:09 pm
#19 SunShowers on 02.13.20 at 4:24 pm
Wealth tax? Heck yeah!

———————————————————

You generation is begging for more taxes on yourself. Fascinating to watch.
__

I notice that too, lots of perspective errors – like Captain Uppa talking about inheritances driving RE in big cities.

Meanwhile if my Mother lives as long as her longest lived parent, I’ll be 71 years old when I see an inheritance. Not exactly prime RE buying years.

A wealth tax will be seen coming, and likely phased in with a line in the sand. The line will exempt Boomers with almost 100% certainty. Us Gen X’ers will still have plenty of time to avoid the bulk of them – especially those with most of their $ in TFSA’s.

The Mills will be first in line to feel the full front kick of their own shoe leather.

Like so many other things in life, if you employ force upon others to produce a result, you can pretty much expect to get the opposite of what you were trying to accomplish.

This natural law is great for us older peeps, because that means the probability of us paying even less taxes (maybe even zero) upon death will go up huge the minute a wealth tax is forced upon us against our wills.

#165 Chris on 02.14.20 at 10:24 am

All this political pandering, virtue signalling, anti-oil/pipeline aka anti-progress BS that’s been happening lately makes me sick. For all the keyboard warriors out there that for whatever reason hate pipelines (Tides among other ‘charities’ has done an amazing job at convincing people pipelines are evil and the oil industry (and Kenny’s war room) deserves worth than an F- in combating it all), do you even realize that your keyboard, or phone are made from plastic which is derived from NGL? I used to work at the plant in Alberta that fracs it from natural gas to polyethylene.

And all these ‘protestors’ blocking rail lines, roads, Freeland from entering the building in Halifax the other day… Correct me if i’m wrong, but doesn’t the LAW state that if you protest, you must NOT hinder the movement of others? So essentially they’re all breaking the law? If that’s correct, then the RCMP make me sick just as much as all these idiot protesters for not immediately arresting them.

A good friend said it best yesterday… “I can’t wait until the day comes when the gov’t credit cards are maxed, all the investors are gone, we come a “has been” country, and our social services begin to decline. We are literally laughed at on the world stage”.

This country is broken and I don’t think we’ll ever recover.

#166 Cici on 02.14.20 at 10:26 am

#114 Shawn Allen

Actually, real losers resort to name-calling and false accusations instead of trying to make a valid point.

I’m not “envious” of government workers, in fact I’ve been there and do that. It’s a great working environment, most colleagues are professional and competent, and the benefits are great.

But the point I’m trying to make is that private sector employees whose earnings are in the $80,000 per year range are NOT RICH and should have the right to build their own profitable pensions in an equitable manner to public workers.

Unfairly accusing the lower ranks of the 10% of being rich while taxing the crap out of them and attacking the most viable pension-building resources (like the TFSA) they have in a sickly low-rate environment is grossly inequitable and fiscally irresponsible. All that will really do is breed contempt towards goverment and towards individuals who don’t pay taxes but rely heavily on government-funded resources, and encourage individuals and business to invest elsewhere. And for those who stay, probably encourage them to earn less, contribute less and save less (let the governent take care of their needs, just like everyone else).

Oh and by the way, I’m not a 10%er and I DO work for government, but I also have the foresight to recognize that majority of people in most Canadian cities don’t have access to public-sector jobs, and that the country needs private-sector companies, jobs and high-earner employees to survive and thrive. And, that most well-meaning people are more generous towards others once they’re assured that they can meet their own financial needs.

#167 Chris on 02.14.20 at 10:29 am

Where Canada is headed…If the link doesn’t work, google “venezuela timeline meme” and it’s the first image that comes up.
https://i.redd.it/t1uepv4jijb31.png

#168 jack on 02.14.20 at 10:32 am

#109 Rebecca on 02.13.20 at 9:44 pm
I made $295k last year, and I agree with all of the policies outlined by the Resource Movement. Thanks for the introduction, Garth!

Before or after taxes?

#169 Sold Out on 02.14.20 at 10:35 am

#154 Phylis on 02.14.20 at 9:01 am
#96 NoName on 02.13.20 at 8:28 pm
#42 Phylis on 02.13.20 at 5:01 pm
#156 NoName on 02.13.20 at 3:03 pm

What voltage?

Everything from -48 to 600, power factor correction capacitors were funniest one 750dc.

In that case the equipment should be identified with a label stating the proper PPE and approach boundaries. If not, its a code violation. Other than that, insulated gloves, leathers, glasses and a 10? Cal suit followed with a pre task safety plan might suffice. Do i get the job? ;)

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

You’ve probably seen this one. Poor guy was vapourized in an arc flash. I never dreamt that a human body could simply vanish, leaving only a trace of plasma. Even cremation leaves a substantial residue.

https://www.ishn.com/articles/99372-it-was-the-worst-thing-ive-ever-seen-in-my-life

#170 Ronaldo on 02.14.20 at 10:37 am

#105 Katherine on 02.13.20 at 9:15 pm
Glad my millennial children not part of this manifesto. They are not all snowflakes….many millennials out there believe in hard work, delayed gratification, investing, and paying yourself first. Many earn more than $80000 and don’t want to be being penalized for it.
===================================
Absolutely true Katherine, I have many mil nieces and nephews and the majority are doing just fine. We used to hear the same thing about the Gen Xer’s and am sure it was true about the Boomer’s and those before them. So easy to blame someone else for one’s failures. The big problem I believe lies with the parents, the coddlers and the hoverers. Leave them alone and let them go out and make it on their own. Cut the bloody cord. Most boomers were out of the house by the time they were 19 or 20 and many married by 21. Nowadays, there are those who are still lounging out with mommy and daddy in their 30’s. Get out and make something of yourselves and quit the whining. It’s getting monotonous. End of rant. Now for my morning coffee.

#171 IHCTD9 on 02.14.20 at 10:44 am

#85 SunShowers on 02.13.20 at 7:44 pm
#4 JacqueShellacque on 02.13.20 at 3:56 pm
“Needs” are endless. Resources are limited.

Resources are not as limited as you think. For example, we currently produce enough food worldwide to feed approximately 10 billion people.

Given that there are only 7.8 billion people currently alive right now, the ONLY reason why anyone on planet earth goes hungry, is because we allow capitalists to let these people starve, because feeding them would be unprofitable.
___

Before the discovery of Oil and the Industrial revolution and the subsequent explosion of technology driven by profit and power motives via pretty much every textbook capitalist in the book – the Earth trundled along at about 800 Million – 1 Billion people for a looooong time.

Why? Well it turns out that human and animal power can do only so much work in a day – and that amount supports about a Billion people max – and with a very basic level of existence.

Today Billions live extravagant lifestyles because Capitalism promises a reward for hard work. Take away everything folks have accomplished fighting for said reward, and you’ll be right back behind an Ox wrestling a single furrow plow in no time.

Those Ox drivers couldn’t wait to get out of the fields asap – just like it happened in China. Capitalism improves lives, saves lives, in fact – it creates lives.

There are many easily understood reasons for why we have starving people on the planet (check out their governments to start), and the reasons don’t include a cane twirling top hat sporting Capitalist handing it out unevenly.

#172 Stan Brooks on 02.14.20 at 11:01 am

Note that most of the ‘tax me’ suggestions are to increase taxation for upper brackets LABOUR income.

It is normal, an attempt to get more from the ‘better off’ sheeple in order to maintain control of the increasing number of poor in this ‘G7’ country.

The truly rich will never be touched.

An US ‘investment guru’ billionaire who makes 100 000 $ salary recently said something similar and when asked: why don’t you pay yourself 1 billion $ salary if you would like to pay more taxes it became apparent that by ‘taxing us, the rich’ he really meant taxing doctors and lawyers, the upper part of the labour class.

If you believe that the french villa guy will increase the taxes on the rich, you are delusional.


#165 Chris on 02.14.20 at 10:24 am
A good friend said it best yesterday… “I can’t wait until the day comes when the gov’t credit cards are maxed, all the investors are gone, we come a “has been” country, and our social services begin to decline. We are literally laughed at on the world stage”.

This has been happening already for quite a while, we still live on fumes from the good old times. It has lasted longer than expected.

Cheers,

#173 G on 02.14.20 at 11:14 am

Govt, health authorities must take ‘prudent measures’ to stop the spread of coronavirus
Sky News Australia Feb 14 7min

(PM office guys, sorry “office people”, do the picture from China look like it’s ‘just a mild flu’ to you? Are you personally ready just in case it’s not contained?
Also heard somewhere that China is running low in body bags and has ordered more. The crematoriums have been running 24/7 for weeks now!)
https://www.youtube.com/watch?v=TOEn_WSo5I8

CDC Director Warns Coronavirus Soon Widespread Throughout United States: ‘It’s Coming’
Says CDC now in ‘aggressive containment mode’ Feb 14
(with link to 2min CNN video interview with CDC guy.)
“We don’t know a lot about this virus,” Redfield told CNN’s Dr. Sanjay Gupta.
https://www.infowars.com/cdc-director-warns-coronavirus-soon-widespread-throughout-united-states-its-coming/

I hope CDC ‘aggressive containment mode’ works???
PM office guys, What the hell is Canada doing? Telling people don’t worry be happy it seems for the most part. You can not trust the numbers of sick and dead coming out of China. The virus was engineered, even has a bit of HIV that seem to shut down immune system so the secondary infection will kill you!

How Coronavirus Kills: Acute Respiratory Distress Syndrome (ARDS) & Treatment
https://www.youtube.com/watch?v=okg7uq_HrhQ&t=51s

Over reacting to keep it from spreading would be the better thing to do sooner than latter, because:

“We don’t know a lot about this virus,” Redfield told CNN’s Dr. Sanjay Gupta.
(We don’t know a lot, means we don’t want to cause a panic. Is a 14 day quarantine actually long enough? the test kits are not reliable many false -. how long do people keep shedding virus after they start to feel better, if they only have a mild case? may the virus hide longer or re-emerge in longer time spans? Virus can still be picked up off surfaced 5-9 days later.)
“We don’t know a lot about this virus,” Redfield told CNN’s Dr. Sanjay Gupta.

All Governments need to act sooner than later to help save more lives at home first and then help others including the Chinese people. (CCP not so much.)

Getting the public up to speed on the importance of washing your hands and not touching your face is a start, if that is actually going to work (fingers crossed).
But the people hearing this COVID-19 on the CBC (like my wife and some friends still think this is just a mild flu, and are not getting the message to be proactive now to protect themselves, there families and other people around them!
If this isn’t contained there are not enough ICU beds for all the very sick people that would happen!

Coronavirus Prediction Tool: Virus Infection Rates EXPLAINED – Urgent: Coronavirus Now PANDEMIC!
(Feb 4th 39min. Take note of air traffic out of china [email protected]:05, what you see is only 1/3 of the air traffic leaving china.)

I’m Praying the CDC ‘aggressive containment mode’ works. What about Canada? Maybe the PM can come right out and tell people this looks serious and hopefully won’t spread here but… Have him do a proper hand wash demo on TV! (see late link below)

Is the Canadian PM office and PM getting the massage, I hope so?!
Coronavirus Taiwanese News (English) by Dr. Paul Cottrell Jan 30 54min
https://www.youtube.com/watch?v=-tf8yMBEcTE&t=3s

#174 James on 02.14.20 at 11:36 am

#160 Shawn Allen on 02.14.20 at 9:32 am
Trump’s brilliance
In part is that he convinces people that he is them. A vote for Trump is a vote for “us” for themselves. Brilliant.
Constantly invoke enemies of the people that only Trump can fight off. Brilliant.
Politics has always been about us vs them. Always. – Garth
___________________________________________
Trump is now up to 1,816 false claims or lies since July 8 the quote that “he is them” is also a false statement.
He is a brilliant con-artist and shyster.
Since he attaches a moniker to everyone else I verily believe his nickname should be
“Dishonest Donald”! Vote for me and I’ll tell you want I want you to believe and if its not true then just ignore the facts and continue to pay attention to me!

#175 Stan Brooks on 02.14.20 at 11:36 am

#171 IHCTD9 on 02.14.20 at 10:44 am

Oil, gas and nitrate fertilizers are the main reason for the ‘extravagant lifestyles’ that we ‘enjoy’. The IT and knowledge boom is direct result of people’s free time increased by those.

Of course it is all temporary, one of the problem is that today’s food is poor in minerals, while rich in ‘enhancers’ like glucose-fructose syrup, pesticides, antibiotics, is GMO modified, rich in preservatives etc.
What you buy as ‘food’ from the grocery store is very different from 50 years ago.

A simple organic farm to sustain a family soon will be out of reach and will provide quality of life better than that of people with many millions in the big cities.

You can have it in Spain, France, Italy or Greece for a fraction of the cost of cardboard particles shack or glass condo in GTA or Vancouver, even own a vineyard.

Not to mention the weather (-13 at 11 a.m. at the moment in Toronto), + 14 in Spain.
And they have a better health care system.

Cheers,

#176 Lambchop on 02.14.20 at 11:51 am

We could all take a lesson from the Holocaust survivors and their families. They do everything they can to never let the world forget what happened, as they should.

Clearly the time has come to remind this generation and the next of the consequences of socialist rule throughout recent history. China, Russia, Venezuela, Cambodia, etc. This stuff clearly isn’t being taught in school anymore, so unless someone seeks out the info, they won’t be aware of it.

Follow the example set by the Jewish communities. Movies, webcasts, social media. When people truly become aware of how actual socialism would affect their quality of life they may find themselves a bit more concerned with the political positioning in this country.

Those of us that remember these things, we need to relay our personal stories of how bad things can be, in a way that illustrates exactly how it will affect this me-me-me lifestyle they think they deserve and will achieve through gov’t oversight.
Absolute power corrupts absolutely

#177 IHCTD9 on 02.14.20 at 11:59 am

#165 Chris on 02.14.20 at 10:24 am

This country is broken and I don’t think we’ll ever recover.
____

I tend to agree, it’s tough to see a way out given the Canadian Citizenry’s economically fatal voting habits.

1. This past election, Trudeau didn’t even pretend to stop borrowing billions, and no-one even cared, we even voted the guy back in. Hate to say it, but I expect we will do this over and over again.

2. Government revenues are being flushed down the shitter on totally useless, never ending SJW garbage. Today 40% of the country gets so many handouts that their net income tax remittances are $0.00. These perks will never be ended or even significantly altered by any future government, and that 40% fraction will get bigger every year.

3. Our government is weak. They are losing the ability to enforce the rules, and we see this all over the place. This knocks back their revenues even further as more and more folks take a pass on paying taxes owed, engage in illegal economically disruptive behavior, and illegally evade taxes knowing the worst that might happen is the CRA might politely asking for their money back in exchange for no consequences. Trudeau has paralyzed our government thru his doctrines. Now they can’t do a damn thing about any crises without sticking their foot in their mouth. Doomed to portage scandal after scandal forever costing billions for nothing.

4. Social upheaval between the sexes. Men (the largest group, and highest earning workers in Canada) are losing their reasons to work hard here. High cost of education, working free internships, poor wages, gig economy, no house to maintains, no wife, no kids, on and on. Long term Western born Men are losing many of their reasons to work long and hard. The transition is really kicking off with late Mils and Early Gen Z’s where young males routinely continue living at home while buying new vehicles and toys. These kids will spend very little compared to the family Men before them.

IMHO, there needs to be an epic new cash cow discovered to feed our government. This cow doesn’t exist – a wealth tax would result in a laughable total, and only once. Or, voters could accept less services and higher taxes – yeah right!

It’s going to have to hit the wall.

#178 Phylis on 02.14.20 at 12:03 pm

#169 Sold Out on 02.14.20 at 10:35 am
I couldnt watch the whole thing. Had to stop. As soon as they mentioned the 600v meter i knew what was coming.
In addition, too many people have cheap meters that do not have a proper category certification. Too many do not even know what to look for, then it is too late. Remember, wrong meter fuse replacement can be deadly too.

#179 NoName on 02.14.20 at 12:23 pm

@tractor and stanley

Last weekend i was bored so i started watching farming channels on youtube, just day to day life and this and that, what is interesting that fare amount of money for farm is generated from youtube videos, and there is so many of them.

I was at my old job talking to an eng, and he tell me about his friend that is lawyer who makes more money of his gaming videos than law practice, ok he was just out of the school so that probably changed buy now. Rule of thumb is 100k views around 600usd, it does varies where wievership comes from.

Here is video about finance of farm dude lives on, kind of. Just over half hour long i managed to go thru video at 2x speed without dropping to many words so it 15min long. After watching this i am sure that some/many are relying soly on grants, subsidies and youtube to keep things afloat now days…

How Much Money Do Farmers Make?
https://youtu.be/Xsa46CXwfdY

#180 Blacksheep on 02.14.20 at 12:40 pm

Dharma # 153,

“#56 Andrew

Hard times make strong people
Strong people make good times
Good times make weak people
Weak people make hard times”
——————————————————————-

We are on the cusp of stage 4 now.
—————————-
Also known as the fourth turning.

I think we are already into it, but simply don’t yet realize the consequences to our cyclical ignorance.

Today’s gimme, gimme free stuff topic, just confirms our current misguided path…

#181 IHCTD9 on 02.14.20 at 12:47 pm

#161 Shawn Allen on 02.14.20 at 9:42 am

I don’t begrudge the tax I pay but certainly in Alberta I am not in the 54% bracket and (sadly) never will be.

The saying is “You stand where you sit”. Everyone’s views are influenced by self interest. I pride myself on being at least somewhat objective but none of us are truly 100% objective.
__

Mr. A, do you care at all about how your taxes are put to use?

I got no problems paying taxes if they are used for something good, and not blown on crap.

If I feel my remittances are being used irresponsibly – then I make sure I pay as little as possible.

This means governments like Trudeau’s are going to have to find others to cover their dumbass ideas. I feel they should treat my taxes as a gift (because they largely are), and that if they mishandle them they stand to lose them.

^I bet the Libs would scoff if they just read that.

#182 IHCTD9 on 02.14.20 at 1:11 pm

#179 NoName on 02.14.20 at 12:23 pm
@tractor and stanley

I was at my old job talking to an eng, and he tell me about his friend that is lawyer who makes more money of his gaming videos than law practice, ok he was just out of the school so that probably changed buy now. Rule of thumb is 100k views around 600usd, it does varies where wievership comes from.
___

Huh, 600USD/100K views?

Then this farm channel has made over half a million since 2011 – that seems pretty damn good.

https://www.youtube.com/watch?v=LX153eYcVrY

The entire channel has almost 64 Million views

Plus, I’m sure if these dudes were Canadian, Trudeau would be handing them a few hundred grand in free cash every year, and no taxes either of course. So that would help out a bit.

#183 NoName on 02.14.20 at 1:15 pm

#154 Phylis on 02.14.20 at 9:01 am
#96 NoName on 02.13.20 at 8:28 pm
#42 Phylis on 02.13.20 at 5:01 pm
#156 NoName on 02.13.20 at 3:03 pm

What voltage?

Everything from -48 to 600, power factor correction capacitors were funniest one 750dc.

In that case the equipment should be identified with a label stating the proper PPE and approach boundaries. If not, its a code violation. Other than that, insulated gloves, leathers, glasses and a 10? Cal suit followed with a pre task safety plan might suffice. Do i get the job? ;)

Double 00 (and im not talkin 12 gauge here)/ class 2, i guess is sufficient for 95% of work. But for being hired it depends, if you come across as a person that understand and is aware that every job/task have and carries a risks, you would probably get my wote, over the person who had correct answer on all questions.

#184 theoryAndPractice on 02.14.20 at 1:27 pm

Resource Movement is a project on Tides Canada’s shared platform. Tides Canada is a national charity dedicated to a healthy environment,- GT
—–
I’d say perfected hypocrisy at it’s best. Why they are charity? It is against the idea they are trying to sell at first place in this video. They don’t pay taxes and donors receive tax breaks! Charities are now giving opinions on how others should be taxed ?

https://turbotax.intuit.ca/tips/differences-between-charities-and-non-profit-organizations-for-your-donations-5351

#185 Calgary Rip Off on 02.14.20 at 1:28 pm

Screw millenials and generation Z. Generation Z is worse. Seriously mentally ill teens and twenty somethings from instagram and snapchat. Screwed up thinking and behavior patterns.

That kid from Sweden about the climate change. What a joke, she is jetsetting around and complaining about climate change. Total hypocrisy.

And now they want to tax rich even more?

Will people be happier with more money? NO. Money is only valuable as to gets you time to avoid nonsense and bs. And that is the key. A person doesnt need money to avoid bs. Just smarts.

Which is why Chess and Go(wei chi) is invaluable. Learn how to think to avoid nonsense and problems. Such as avoiding millenial and Gen z.

#186 Doug in London on 02.14.20 at 1:30 pm

I saw an article in a recent edition of Time Magazine that said the same things Garth has posted here. When the Millenials get out and vote in larger numbers that’s what you can expect. Am I surprised? Not really, if you’re paying attention you can see it coming. These voting preferences may not come fast enough to get Trump out of the White House this year, but over the long term voting preferences will change. Interesting times ahead, for sure.

#187 Shawn Allen on 02.14.20 at 1:50 pm

#175 Stan Brooks on 02.14.20 at 11:36 am posted:

#171 IHCTD9 on 02.14.20 at 10:44 am

Oil, gas and nitrate fertilizers are the main reason for the ‘extravagant lifestyles’ that we ‘enjoy’. The IT and knowledge boom is direct result of people’s free time increased by those.

*******************
Stan please insert a line or something so I can know if you are quoting someone or writing your own words. That way it will be faster for me to know which part to ignore.

#188 G on 02.14.20 at 1:52 pm

Chinese Doctor on how to stay safe
Feb 14 10min
(Dr HU(Who), Proper hand washing and other simple things you can do, especially if COVID-19 is not contained. Is The PM watching?)
https://www.youtube.com/watch?v=i4vCHM2c4X0

#189 NoName on 02.14.20 at 1:59 pm

#184 theoryAndPractice on 02.14.20 at 1:27 pm
Resource Movement is a project on Tides Canada’s shared platform. Tides Canada is a national charity dedicated to a healthy environment,- GT
—–
I’d say perfected hypocrisy at it’s best. Why they are charity? It is against the idea they are trying to sell at first place in this video. They don’t pay taxes and donors receive tax breaks! Charities are now giving opinions on how others should be taxed ?

https://turbotax.intuit.ca/tips/differences-between-charities-and-non-profit-organizations-for-your-donations-5351

Everyone is charity now days, rumor is that are billions are siphoned from gov thru them…

#190 Shawn Allen on 02.14.20 at 1:59 pm

The pain of income tax

The pain of paying income taxes by writing a cheque (like Garth) is no doubt vastly different from the pain of paying tax by payroll deduction.

With payroll deduction you never saw the money. People even focus on the refund.

I have paid some tax by cheque and it does feel different.

In Alberta the small business income tax is I believe 10% federal and 2% provincial. 2% – having been reduced from 3%. Still business people howl about that while Garth has to pay 54%! Oh, and with a small business you can defer tax by not paying yourself.

Canadian corporate taxes have been reduced from close to 50% 35 years ago to about 25% today. But it’s never ever low enough is it?

#191 Incubus on 02.14.20 at 2:02 pm

What these jerks don’t say

“For U.S. estate tax purposes, a “unified credit” is available which effectively exempts a portion of one’s estate from estate tax. For U.S. residents, the unified credit represents the tax on an effective exemption amount of $11,180,000 for 2018 and $11,400,000 for 2019.1 mars 2019”

In Canada they would taxe the first $.

#192 Incubus on 02.14.20 at 2:05 pm

A survey finds people who identify as leftwing more likely to have been diagnosed with a mental illness.

https://yournews.com/2020/02/12/1449692/survey-finds-people-who-identify-as-left-wing-more-likely-to/

#193 Sold Out on 02.14.20 at 2:34 pm

#192 Incubus on 02.14.20 at 2:05 pm
A survey finds people who identify as leftwing more likely to have been diagnosed with a mental illness.

https://yournews.com/2020/02/12/1449692/survey-finds-people-who-identify-as-left-wing-more-likely-to/

xxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Riiiiiiight, a “study” of self-reported mental illness, published by Infowars. The only conclusion one could draw from such drivel is that lefties are probably less concerned about what others think, and that they’re more honest.

I’m pretty sure the nutjob from Alberta that shot and killed an Abbotsford police officer wasn’t a leftie, and he was clearly psychotic. He has refused to accept an NCR defense, so he got 25 years. Ergo, using your logic, righties are more likely to kill.

#194 Dr V on 02.14.20 at 3:08 pm

190 Shawn

“Still business people howl about that while Garth has to
pay 54%!”

Ever been in business Shawn?

Basically whether you take a wage or dividends from your small business you are taxed the same in total.

Best I can say is you can shift taxes to a future year when your income is lower. So similar to an RRSP. It can all get a bit complicated with corporate losses, shareholder loans etc.

A small business making $400k could pay a $200k wage and the owner gets dinged at the 50%+ marginal rate.

Ever wonder why many small business owners dont look
rich. It’s because they dont realize the income!

#195 Yes the pain of income tax on 02.14.20 at 3:39 pm

The pain of income tax

The pain of paying income taxes by writing a cheque (like Garth) is no doubt vastly different from the pain of paying tax by payroll deduction.

—————

If I could do one thing it would be to remove the withholding tax and make everyone pay their ‘fair share of tax’ at the end of the year or the beginning of the year by writing a single check. No weekly, monthly deductions, just one big sweet bill. Every tax payer would then think long and hard if they are getting the value for their money.

#196 Sail Away on 02.14.20 at 10:40 pm

#193 Sold Out on 02.14.20 at 2:34 pm
#192 Incubus on 02.14.20 at 2:05 pm
A survey finds people who identify as leftwing more likely to have been diagnosed with a mental illness.

https://yournews.com/2020/02/12/1449692/survey-finds-people-who-identify-as-left-wing-more-likely-to/

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Riiiiiiight, a “study” of self-reported mental illness, published by Infowars. The only conclusion one could draw from such drivel is that lefties are probably less concerned about what others think, and that they’re more honest.

I’m pretty sure the nutjob from Alberta that shot and killed an Abbotsford police officer wasn’t a leftie, and he was clearly psychotic. He has refused to accept an NCR defense, so he got 25 years. Ergo, using your logic, righties are more likely to kill.

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Hey, whoa big fella.

There are some very fine people on both sides.

#197 eduardo de la conche on 02.15.20 at 1:58 pm

We will be fine, I mean Canada still makes planes, cars and produces petrol right? Right?

North east and 1h30 out of Toronto, middle of nowhere usual particle board crap house, 2 bedrooms unfinished basement on sale for $649000 lol lol lol

#198 Scott on 02.16.20 at 12:49 pm

32 year old millennial here checking in. I’m on board with this idea. Definitely needs some tweaking to find the right sweet spot. I hope to have 3 million in about 10 to 12 years. Every thing past that I’ll give away any way. Not a big deal if some goes to the government as opposed to all of it to United Way or whoever I feel is doing the best job in ten years. Who the hell needs a billion dollars?

Like you said though this is aimed at the Thompsons. If they were unable to generate any income or returns on their capital they’d be lowly millionaires instead of billionaires in 37 years.

They’re not the first to claim their wealth should be taxed more heavily as long as there are people out there starving. Gates and Buffett have been saying this for years. FDR was a class traitor and raised taxes on his fellow rich. Not a new idea, just more egregious because it’s those pesky/whiny millennials haha.

#199 Scott on 02.16.20 at 2:25 pm

@154 Garth

54% Garth come on man. Mix in some Canadian dividend payers in your non registered. Max out your RRSPs. Get that effective tax rate down. I paid 27% on my 100k in 2018.

I’m not sure what you make and don’t need to know but I would argue that it’s not the top 1% that are going to make a difference. Like you said they already pay high taxes and if you’re making 235k you’re one of the poorer 1%ers. It’s the Thompsons that would make a massive difference. It’s if Canada has a Jeff Bezos in the future. I suppose you can hope he’s a Gates or Buffett who will give away all that they don’t need for an extravagantly comfortable life for themselves and their families. I don’t feel great about relying on the kindness of a minuscule portion of society to use their exorbitant wealth to help a country flourish. Thompsons were worth 31 billion in Oct 2018. So if they could some how manage to live on that they could have given 11 billion over the last year and a half. One family can literally afford to pay for a couple years of pharmacare for the entire nation. I’m sure PM socks would be happy to call it the Thompson family pharmacare plan if they forked over 10 billion to cover the first three years of it.