Regular addicts will know we support a thriving subculture of marginalized, unneutered, alt blog dogs. The chief fruitloop is TurnerNation, our equivalent of the crazed, bare-chested horned guy who led the January 6th attack on Washington.
Emerging from the conspiratorial muck of TN’s comments is the occasional shiny thing. One caught my eye days ago – a report from the federal government’s working group called ‘Canada Beyond 150.’ It’s been around for a couple of years, but is notable because (a) it was written by people on Ottawa’s public payroll, (b) it was ‘championed’ by the Privy Council Office, which is where the prime minister lives and (c) it’s terrifying.
The civil servants – pretty much all Millennials – thought hard for ten months then produced treatises on stuff like how to make the government more feminist and inclusionary, open politics, the future of work, sustainability, wellbeing and capital & debt. (That’s personal and household debt, not the government’s giant pile.)
Let’s look at the latter. If you ever voted Conservative, please strap a helmet. Your head will explode, and this helps the splatter.
First, recall that debunked pseudo-commie ‘great reset’ stuff that the tin foil gang claimed the World Economic Forum was pushing as part of its post-Covid agenda? You know, especially the ‘you will own nothing’ statement that seemed so out there?
Well, gulp, in Justin Trudeau’s Privy Council world this is actually at the centre of suggested policy initiatives. It’s called the ‘access economy.’ “Access to services could displace ownership,” says Canada Beyond 150. “Individuals are using digital technologies to access ‘solutions’ rather than owning assets.” So, in practical terms, Uber instead of GM.
Unlike the traditional economy, the access economy uses new technologies that let individuals rent out goods or services that they own, such as clothing, cars, rooms in houses, parking spots, tools, etc. This has made it easy to rent a product for a short period of time, and increased the goods and services we can access on demand.
If widely adopted, the access economy could free Canadians from having to buy goods, especially those that need financing. Consequently, Canadians could have more liquid capital, less debt, and potentially access to higher quality products. This could be useful in helping Canadian households lower their debt and avoid extreme debt. Depending on how far this new access model displaces ownership, an individual may no longer own their lifestyle–instead they might effectively rent it.
At the heart of this is a blockchain world in which credit and services are tracked or provided based on algos. The non-ownership of stuff (like cars or houses) means people ‘can access solutions rather than buy expensive assets.’ Therefore the incentive to spend money on things is undercut, since you can just rent them. Everybody has access to all assets, and ownership of none (eventually).
This begs a few questions. Like, what happens when we ‘free Canadians from having to buy goods’ and so the creation of those things plunges – along with related jobs? Will households with less debt and more disposable income – but no appreciating assets – be able to finance their futures? Or is that the government’s responsibility?
Apparently it is.
The moister brain trust concludes that in the future wages won’t be enough to support people. AI and automation will destroy jobs faster than they can be created. Wages will decline as a source of wealth creation. Then, “a basic income scheme introduced by the government becomes highly plausible.” Yes, UBI.
There’s more. The Mill-bureaucrats suggest government should be engaged in (a) redistributing wealth, (b) providing income guarantees, or (c) “providing assets at birth through asset-based social policy. This could ensure that vulnerable Canadians do not start at a significant disadvantage.”
And this: all Canadians should receive a ‘digital wallet’ to be a repository of all government benefits, linked up to the CRA and including an AI advisor to guide citizens on the access economy. Folks who don’t have enough should be given what they need. Only fair, right?
For moderately low-income Canadians, the government could match savings, while higher match ratios could be available for lower household incomes. For the lowest-income Canadians, who may not be able to save at all, the government would transfer fixed sums into their accounts rather than matching their contributions. This could encourage saving and asset-building for Canadians, including those with lower incomes, while acknowledging that some struggle to simply make ends meet.
Finally, real estate. More than anything, it’s the symbol of generational angst, the largest source of household debt and a key plank of retirement financing. But not for long? “If home affordability continues to be a challenge, and more Canadians take part in a gig economy with large pay fluctuations, then home ownership will become more unattainable,” says the report. “If Canadians can access housing more easily through sharing economy platforms or cohousing arrangements, home ownership may decline as a cultural value and asset.”
To be clear: this is not Trudeau government policy. However, these words emanated from the feds. They were financed by taxpayers. They were written by federal employees. They were championed by the Privy Council Office. They ape the World Economic Forum. And they may hint at what happens when moisters run the land.
Where are my horns?
About the picture: “Back to reading your blog after a few years of happy renting,” writes Trevor. “Now with rentals so expensive and a partner with hard core FOMO it’s nice to have a safe space. Thank you. This is Percy. He misses his backyard and fireplace that was sold last year. He now lives in a overpriced box in the sky. Paying overpriced rent because it’s ultimately a smarter long term financial decision than jumping into the current RE market is a bitter pill.”
188 comments ↓
Written by people with little life experiences. This will cost even more tax dollars. Eutopia anyone?
Will the Crown and RCMP let Canadians live on Crown land?
Firstly, that was brilliant today Garth. As a Liberal I also had to put on a flak jacket while reading it. Burst many a blood vessel stuff.
Second. Told you all so.
Many think TN is a nutter but he found that 1 important thing that the 99 of you couldn’t (incl. me).
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With age comes wisdom.
The Mills that wrote that “Epitaph Canada 150” are far from it.
Reap what you sow.
Money grows on trees.
Reengineer Human Nature and Mother Nature.
…oh almost forgot, and there’s a Santa Claus too.
These guys must be smoking something. If true, this is freakin’ scary. These people are out of their minds. Turner Nation has been right all along. I hope the Libs get voted out – or Canada will become more like Communist China.
Canada could become “the first postnational state”
Scary times ahead and Canada is lapping it up!
I like Turner Nation.
Also, my coworker is holding his AMC stock until it hits $1000 a share. I think he’ll be retiring pretty soon.
OMG Garth! This is so ridiculous, I almost got a headache reading it. Those millenials know everything, and I’m getting tired of them. Save the world you know-it-alls! Hopefully the generations that come after you are more wise.
Turner Nation as an information source? Surely the end must be near.
This is an old concept…
From Wikipedia ( https://en.wikipedia.org/wiki/From_each_according_to_his_ability,_to_each_according_to_his_needs)
…the French utopian Étienne-Gabriel Morelly, proposed in his 1755 Code of Nature “Sacred and Fundamental Laws that would tear out the roots of vice and of all the evils of a society”, including:
I. Nothing in society will belong to anyone, either as a personal possession or as capital goods, except the things for which the person has immediate use, for either his needs, his pleasures, or his daily work.
II. Every citizen will be a public man, sustained by, supported by, and occupied at the public expense.
III. Every citizen will make his particular contribution to the activities of the community according to his capacity, his talent and his age; it is on this basis that his duties will be determined, in conformity with the distributive laws.
Or in other words, as Karl Marx said
From each according to his ability, to each according to his needs.
It’s a little frightening that our government has Marxists in it…Marxism has never worked and has left a pile of bodies wherever it was tried.
I would question whether this document is descriptive (describing what the future economy will look like) or prescriptive (prescribing what the future economy should look like). I understand it to be the former.
I didn’t see that this article suggested a restriction on people actually owning assets – just that renting assets will become prevalent.
The document writes that a way to make assets more affordable is through renting assets rather than ownership – much like people rent housing (which this blog promotes as an affordable alternative to ownership).
Do I want a future where people can no longer afford to own and buy goods? No I don’t, but the article is right that globalization and tech advances have eliminated jobs or moved them offshore and have lowered wages. It’s unaffordable for people to buy all the goods that they want/need to use, leaving them with the cheaper option of renting vs. buying.
Why do you automatically socialist/communist works to the Mills age group? Could equally be some overpaid balding 50+ guy who barely works one hour a week.
Though this is nothing new actually, even corporations have been working towards a “reoccurring bundle” model for some time now. Bonus points if your service(s) are locked in to some hardware that “greedy corp inc” can monetise and control.
https://www.inc.com/anne-gherini/the-rise-of-rundle-a-new-trend-for-subscription-based-services.html
Owning stuff is apparently so 20th century .. you will own nothing and be happy.
Check out the participants. Please identify the balding 50-year-olds. – Garth
And this piece of the puzzle from the world bank:
https://blogs.worldbank.org/voices/harnessing-power-digital-id
“The COVID-19 pandemic has highlighted the urgent need for digital ID systems that will allow governments to deliver social assistance and financial support faster and more accountably to households and businesses.”
Reading Beyond Canada 150 reminded me of what a German observed about their effort in the Eurovision song contest yesterday.
EU freak show as I call it that Italia won for the first time in 31 years.
First, some background.
Italian effort called Måneskin at Eurovision, note 2nd image:
https://i.imgur.com/aqslW3w.png
https://i.imgur.com/hk9wXqz.png
German effort Jendrik:
https://i.imgur.com/PwbGG8x.png
Second, this Tweet is the funniest comment about the Italian win I could find:
https://i.imgur.com/INFOmJn.png
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Finally, that German observation:
“The land of poets and thinkers is giving its farewell concert.”
This is conceptual garbage, it’s like a fashion show, not many people in real life would wear such things, just as the writers of the Canada Beyond 150.
The millennials in my circle would pimp their mothers for a piece of Kitsilano.
Greed and fomo dictates their actions, and the lesson to be learned is yet to come.
I used a car share pre-CV in Vancouver.
My ride came with dirty fast food wrappers on the floor from the previous driver.
I’ll take a pass on the sharing economy.
Have you all read “Animal Farm” by George Orwell? This “new thinking” is really just a rehash of all forms of marxist doctrines, not surprising when you look at Justin’s behaviour while he’s got power. The real point is (as shown by Animal Farm) – who are the pigs going to be in our new fair society? Got a few ideas on that question.
#2 Gen Z on 05.23.21 at 1:16 pm
Will the Crown and RCMP let Canadians live on Crown land?
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Why do you want to live in a provincial/national park? There is a reason why they exist.
What does the RCMP have to do with that?
Forgot to mention. I’m 76 years old now and I’m so eternally grateful to have grown up in Canada through the boomer generation. I think we got the best of the best, and am saddened when I see that world being undercut and destroyed by that dreamer in power. Best part is, all I need to do is squeeze out another 10 years of quality life and then I won’t care what happens. Couldn’t take it anyway, after experiencing real democratic freedom.
Check out the participants. Please identify the balding 50-year-olds. – Garth
——–
I liked it that they had “Enablers” whatever that is on their Project. Maybe it’s the new old “Stakeholders”?
And how to you get Alumni from something that hasn’t happened yet? Oh, it’s the new old Mentors.
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Yup. That does it. Not voting Liberal. 9/11 federal elections Liberal here.
Not even the NDP are THAT bat shit crazy.
Sounds like putting lipstick on the pig called Communism, lol, we are doomed to repeat history.
Hallelujah!
I mean I’ve had some similar thoughts but this goes way too far.
E.G.
♦My pops bought a pressure washer with 3 of his buddies since they each only needed it a few days per year. That made sense.
♦Cora’s restaurants that were only open for breakfast&lunch always seemed stupid and wasteful to me since they paid rent 24h per day.
♦Uber & air bnb (as originally intended) also made sense to me.
That said,
The idea of the government owning and controlling the pressure washer is worrisome. The idea of them controlling more is terrifying.
I am smiling ear to ear. My generation is a joke but, I take no responsibility.
It has a whiff of neo-Bolshevism to it, no?
“Don’t you worry, when we have complete control of the world we’ll build a utopia the likes of its splendor and abundance will be a shining beacon for the world to behold.”
And as I have argued here, from the nosebleed section, we thought the 20th Century was terrifying!
:)
1 last salvo if you will let me Garth.
I liked it that Canada Beyond 150, on the topic of Automation, referred to an article quoting:
Stephen Hawking
Theoretical Physicist, Cosmologist
Now that was a Non Sequitur.
Kind of like asking Prince Harry to comment about America’s 1st Amendment
…oops
https://video.foxnews.com/v/6254762359001#sp=show-clips
I wouldn’t worry too much about corporate profitability. Subscription based business models seem to be doing just fine. Invest in a B&D portfolio and you’ll capitalize on their success and won’t lose too much money with the decline of corporations that lose out on this economic shift.
Sorry to say, Garth, but it’ll keep getting harder for younger people to replicate middle class lifestyles that were easily attainable in the past. Perhaps you can chip in by allowing some school bus inhabitants to park on your property.
https://www.cbc.ca/news/canada/nova-scotia/living-in-a-renovated-school-bus-in-nova-scotia-affordable-housing-1.6035729
Is there an island somewhere we can hide from the mills policies?
New spin on old Marxism. Not all hogwash though. Access economy is a real thing, but the driver is economic, not social. Why own a chainsaw, a holiday trailer, a kayak, etc, that you use once or twice a year when you can rent one? It’s the reason rental companies exists, but tech has allowed more people to put more of their assets on the rental market and available for economic use. I wouldn’t be afraid of that. The other stuff…I’m going to start working on my Viking costume.
I really am ashamed to be a Millennial after reading that! All that Nintendo gaming is doing a number on the critical thinking skill set. If we take this to the extreme (and illogical) conclusion, nobody will own anything and therefore, we will have nothing to rent from others for our instagram photos. Foolish me! We won’t have iPhones either because owning stuff is obviously evil (SARC).
May somebody please get the adults back into the Photo-op Minister’s (PM’s) office? This is starting to sound like a riDONK episode of Black Mirror!
All this constructivist bullnis a hundred years old. But the automation thing is going to come and things will change for UBI recepients. It is simply inevitable.
Welcome to the “Great Reset”! You own nothing and be happy :-)!
Check out the participants. Please identify the balding 50-year-olds. – Garth
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Alright I stand corrected.
Apparently this was basically an opinion piece and not the position of the sitting government (I sincerely hope so). The Privy Counsel probably expensed a Million or two on this tripe, why?
T2 and the band of WEF commies have to go.
“Ownership” of anything is largely an illusion.
Real estate in Canada is actually the property of the Crown.
If you think you “own” a home, watch what happens if you don’t pay property taxes or the CRA.
You actually just own the privilege of paying more into it, forever. Then you’re dead.
But the herds are deluded into thinking this is meaningful and paper or digital stock shares or bonds are risky.
Dramatic changes are needed to bring taxes to all assets in order to fund our nation to deal with the enormous challenges ahead.
This would have scared me a few years ago but I’ve become so frustrated and disillusioned with all the main political parties who can’t even produce an actual leader, I frankly don’t care. Not really a proud Canadian anymore.
As an albertan, I’m also tired of being shit on by eastern Canada and virtually having no say in the political landscape. For that reason, if the PPC can’t put together some decent candidates, I won’t bother voting federally. I will however, be voting this fall to eliminate equalization from the constitution. I realize the result is not legally binding, but if Quebec can change the constitution, why not other provinces?
I also think that if Quebec can only have one official language, so can other provinces and save ourselves some money.
Jason Kenney has pretty much sealed his fate as more and more conservatives are moving over to the Wildrose party, including this conservative as they now have 16% support and could be kingmaker in a minority gov’t. That’s when Kenney gets sent packing… Hopefully back to Ontario where he spent so many years.
“Access to services could displace ownership”
In other words, they want a piece of the pie, and the slices should be equal. And since it’s harder to taste it through hard work, patience, restraint, and moral values, they made up a policy that annihilates all of the above.
All those eyetunes I “bought”. Now monthly fees for apple or amazon music. No stereo just my phone and bluetooth speakers. It is happening.
Sounds like Star Trek from 1968. Sign me up. Gene Roddenberry was right about the future.
The Mills are getting a lesson on ownership bigtime with their favorite shiny new toy off 50% from the top. Many of them just cant win.
How naive.
Anything worth renting, be it goods or services, has arrived in the world through the efforts of ambitious, incentivized people making speculative investments of capital and time.
Such goods and services require continuous maintenance and upgrading. Only owners holding a vested interest in the ongoing desirability of their assets are willing to do so, not free riders living on UBI.
That will become apparent when millennials are waiting in line for scarce, defective goods in the electronic equivalent of a Soviet era bread line.
I had a snowblower once and it was one of the worse investments that I ever made – ‘summering’ it, changing the oil, spark-plug, buying gas. Labor intensive. The same goes for all the other $hit around the house that, although meant to make lives easier, turn out to be the complete opposite (really, actually think about it). If I need a nail gun, why would I buy it? Ask a neighbor and all it costs is a 6-pack. I like that part! Lol.
If FOMO left what would take its place? Consumer/capitalist driven society I get. Creates jobs. Gives hope for a better life, gives reason for humans to educate – blah, blah, blah. But, in my opinion, exacerbates FOMO at it’s human core – there’s no escape, lol!!
Give the entitled cry-babies access to everything they want – let’s see what happens.
Jeesh – Hairy topic, Garth. Hope you’ve rented a fill-in comment reader today :)
Og
Unfortunately, based on my experience living in urban Vancouver. Majority think this the way of the future. And access economy will address not only racism, inequality, but also climate change. Sigh. No hope for us.
I like how the 150 document mentions that access economy benefits current asset holders. But beside some vague mention that you get assets at birth they don’t really address who holds assets in access economy. And the role of enabler is amazing.
There is nothing inherently wrong with a subscription based access to an assets. Like everything in life, the death is in the details. Who owns the assets? Who sets the terms of service? What regulatory regime is the transaction subject to? Who adjudicates disputes? In what jurisdiction is the contract entered into? What happens when a supply/demand shock occurs?
The policy writers, like their colleagues at OSFI, CMHC, BoC, RevCan, Dept of Finance have I’m sure written in such careful terms as to exclude the possibility that their actions (or inaction) may have either contributed to or actually directly caused the very problem they are optimistically pretending to solve. Nice work if you can get it.
Heck my member of parliament (a very helpful Liberal fellow) even wrote a policy paper recommending Canada taxes international income. So the very Government that is unable to collect GST from companies that provide services (scary DIGITAL services), or collect capital gains from residential properties run as businesses then sold under primary residence exemption (because who knows how to cross reference information and audit said info?) will suddenly figure out how to collect taxes in a foreign country.
As an early Millennial whose family suffered the Soviet regime, I have always been acutely aware that my entire generation has been indoctrinated in socialist dogma from early childhood.
It’s all part of the “Long March Through The Institutions”
https://en.wikipedia.org/wiki/The_long_march_through_the_institutions
To many Millennials, this has formed the backbone of their value system their whole life. It will not be easy, especially at such a late stage, to counter-act the reality that so many in this country *will* vote for Bolshevism.
Alarm bells should have been ringing when our PM claimed to be a feminist.
Feminism has always been a central tenet of Communism. They were there at the Paris Commune and it’s right there in Marx’s Manifesto.
The writing has been on the wall all this time. You can either prepare for the worst or be surprised when it happens.
“access economy” and UBI is how it starts. Once enough people are on this new system, they are going to declare anyone that owns homes or businesses a class enemy and start to appropriate those assets from the dirty “white supremacists” who must be sent off to be re-educated in gulag by any other name.
It sounds crazy and outlandish until you realize that this is just transposing the past to the present. It happened and it looks a lot like it’s going to happen again.
There is speculation when Tesla solves the general vision full self driving problem, Tesla may no longer sell vehicles to the public. Tesla would expand their own “TaaS”(Transportation as a Service) fleet of autonomous vehicles and monetize the transportation service,along with the in vehicle internet/entertainment system. The cost per kilometer/mile would be substantially lower than the cost to purchase and maintain an internal combustion engine (ICE) vehicle. Very soon, General Artificial Intellegent computers/robots will be able to do virtually anything a human can do. What is the meaning of “work” when this happens?
Yes, the truth always comes out. What is done in the dark will be revealed in the light.
Garth, your #1 Canadian Finance Blog has been very good in giving Canadians wise advice in the handling all of their $$$ in every aspect of life, for everyone. At the same time, you have given us all a voice on your platform that graciously allows our input.
Your own wit, humour, and summation of events taking place in the all of our financial, social, and world arenas, of which there are many, makes this Blog a must read. What a great gift we have received!
# 18 cliff. Words out of my mouth !!
#9 Paul B on 05.23.21 at 1:33 pm nailed it.
Marxism, Critical Theory, and all its related ugly cousins infiltrating society everywhere one looks. Their acronyms are familiar to all.
Unfortunately the pandemic has provided the perfect distraction for a lot of things unfolding around the world right now. Like the old grifter ploy of dangling something shiny while they lift your wallet.
World attention is focused on the middle east dust up, which as Dharma Bum so aptly put it is “rinse and repeat’. Meanwhile China is getting more aggressive with Taiwan every day and north americans don’t seem to have a clue how important that little nation is to everything that matters in our lives.
What these civil servants and the marxists never understand is that they can bleat ‘We’re all in it together’ until they are blue in the face. In reality we are not and never will be. It’s called tribalism and hierarchy. There will always be some with more intelligence, health, money, good looks, natural abilities, etc. Life isn’t fair. Step up, get engaged and compete based on your strengths. Give back when you can. This past year many people took government handouts they didn’t need or qualify for while others who did not watched in disgust.
If that’s the recipe for ‘accessing solutions’ then I will need to keep the Smith & Wesson Model 29 loaded for when the brutes break down the door. As Garth says, live quietly among the masses. Indeed.
#17 Joseph R. on 05.23.21 at 1:53 pm
#2 Gen Z on 05.23.21 at 1:16 pm
Will the Crown and RCMP let Canadians live on Crown land?
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Beacon Hill park is beautiful and wide open. They’ll even test your drugs for you to ensure they’re safe. Enjoy!
101 Ponzies Pacified
“I’m in a gracious mood this morning, so I accept your apology.”
+++++
I’m beginning to wonder whats in the water out here….
RE: #9 Paul B on 05.23.21 at 1:33 pm
Of course the subtle flaw with Marxism is that a person’s abilities are limited whereas a person’s needs are Unlimited.
Nothing new about that: From each, according to his ability; to each, according to his needs. That assumes, of course, an unarmed citizenry.
#27 Dave d on 05.23.21 at 2:22 pm
Is there an island somewhere we can hide from the mills policies?
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Margarita Island is tropical, lush and full of white sandy beaches. Just pack your own lunch.
The Millennial socialist “utopia” …
Unfortunately, when people realize they don’t have to work to get food and lodging……they stop working.
Funny how that ….works.
I’ll believe in this utopia when the rich sell all their worldly belongings and give it all to govt.
One wonders if Trudeau and his rich wife will be happy to toss away the designer clothes and move into a multi unit beehive with the rest of us unwashed plebes…
Nothing like 3 am screaming neighbors and repulsive cooking food odors to take the gleam off a fanatical communists ideals….
Forgot the link
https://www.caracaschronicles.com/2019/05/05/margarita-paradise-gone-rack-and-ruin/
Beyond 150 is beyond reality. I can’t believe we funded this load of bs. Evidence that our government is at the “let them eat cake” point of maturity. Liberals have run away with it and only an election lost will cure us of them.
Agree with The Garth, our demi-avatar of future casting.
In the frozen north, our demure empire of small holdings and the abode of branch plant vassals,
Trudeau is indeed the trained ape of the World Economic Fornicum.
All self appointed of course. Wouldn’t have it any other way.
Canada 150? Well here’s my stab at it.
OSFI: How about a simple declaration. Mortgages using CDIC eligible deposits (GIC’s, Bank accounts) will henceforth require an independent inspection and appraisal. As in, independent third party (not the bank, borrower or realtor) gets to pick appraiser/inspector and gets the report to prevent massaging of results. Both of which can be randomly audited to ensure quality and consistency. Boohoo market interference say the banks? OK, but if you fail, bonuses are frozen, dividends are eliminated and the taxpaying backstoppers of banking failure get to own the bank. Shares tumble or lending quality improves.
CMHC: The patron saints of financial moral hazard desperately needs a shake up. Why one earth should taxpayers sell an insurance product where the insured party has zero deductible and doesn’t even pay a nickle in premiums? Where the insurer (plan administrators) feels no need to periodically inform the taxpaying trustees how much risk we are collectively taking on and whether the premiums collected are even close to being sufficient to cover potential losses? Want to shake up real estate? Audit insured mortgages at each bank. If a pattern of misconduct is found at any bank increase the audit sample and inform the market Bank A has been found non-compliant with lending standards and must either pay additional premiums, lose deductability (i.e. take on more default risk) or lose insurance coverage. A little fear (and short term market corrections) can go a long way to limit catastrophic long term risk.
Garth,
As the old saying goes, “Is it a conspiracy theory if it’s true?”
No one will be able to prove in court mass voter fraud in the US Presidential election, but it’s easy to prove that it was mathematically impossible for Biden to get the vote bumps he did in the middle of the night in a half a dozen key counties that had all coincidentally shut down for the night and kicked out the observers.
I don’t see it as a conspiracy theory to point this out.
The fact that the entirety of US establishment, incl. media, wall street , tech titans, entertainment, academia, intel agencies, law enforcement, Judiciary and 95% of govt. workers were on board with this is the larger issue.
These idiots are the ones who end up being used by the truly evil, but find out too late when they too own nothing and are slaves of the new feudal masters.
Perhaps anglo common law society has run it’s course? The idea of individual rights, liberties and freedoms, including private property ownership, is not normal throughout history.
Just using technology to revert back to mean, most become serfs to the landlord.
For those who understand the process, they can take steps to profit off of it, but even an observant individual can’t save the rest of the sheep from choosing (through voting!) to walking into the slaughter house.
Don’t confuse a government controlled blockchain currency, in which they have total monitoring of your activities, with blockchains such as Bitcoin, which they can’t control, and hence the coordinated assault. (It isn’t going away, such assaults were planned for!)
At the end of the day, you are as free as you want to be. Do you want to be?
You’re still fighting the US election? Pathetic. – Garth
PS: Communism smells the same every where… stinks… kinda like failure.
DELETED
Sounds like a communist manifesto to my ears. If we start moving in this direction, housing prices won’t be a problem because people will be fleeing on mass. Young professionals are already leaving as we attempt to plug the damn through immigration.
Millenials and their new utopia…
Puts a whole new spin on the phrase Generation Gap.
This is what us conspiracy nuts have been talking about all along. Klaus Schwab is a demon IMO. I’m wondering how to be a refugee in Florida or Texas right now. Seriously.
For a moment there I was dancing in the street …. thinking that the daily TurnerNation diatribe was coming to an end and that Garth finally was putting an end to his space-wasting nonsense.
Alas, no such luck. Personally, I’d rather live in the Utopia of which you blogged at length than be subjected to further TurnerNation ministrations.
In theory accessing services rather than buying expensive assets could work. However, you want me to rent out a part of my house ? Then you had better give me the right to kick out the renter whenever I want. Otherwise renter’s rights are too valuable for me to take a risk on. Rents are expensive because there are hidden rights and options attached to renting; that are priced for in the real world.
Automation has decreased the value of some labor, while increasing the value of other labor (google engineers); while the overall amount of goods produced has increased. Maybe UBI can offset some of the issues that automation has caused. Hard to say if UBI is the preferred solution over the socialist system we have.
Where is Turner Nation??????????
Don’t you still need the same amount of houses and cars even if everyone is sharing them?? People still need to drive and live and someone needs to own those assets. If anything we maybe need more assets since there’s supply demand issue.
TN has been deified…..yikes!
Commies are always lurking…
#66 Gino on 05.23.21 at 3:56 pm
Don’t you still need the same amount of houses and cars even if everyone is sharing them?? People still need to drive and live and someone needs to own those assets. If anything we maybe need more assets since there’s supply demand issue.
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You share a house with other couples. I know a “grasshopper who played” snowbird couple that do that in Markham. She’s high 60’s and he’s low 70’s. Very sad.
#15 BC Doc
> I used a car share pre-CV in Vancouver.
My ride came with dirty fast food wrappers on the floor from the previous driver.
Exactly my thoughts, shared economy is nothing new and has existed for decades if not centuries.
Renting a dirty car is a step up from taking the bus, or calling an uber. This is something for the young lacking money, as soon as they have some; they buy their BMW (at least in Vancouver).
LOL. This from a government bureaucracy that is unable to put together a payroll system. Something that every company in the country does successfully.
There’s absolutely no way they could build a block chain (or server) based digital wallet for every citizen. Even if the pointy headed politicians decided to do this they would be incapable of reaching even the very first baby step in its implementation.
This is just another public service boondoggle. It is scary to see how the bureaucrats constantly find new ways to put our tax dollars to work though.
(A measly) 76 participants, 9 more who dropped out. Is this a reason to have one’s knickers in a knot?!
This is the sage advice from the TS from a few years ago to follow – if you are one of the Mills that doesn’t want to stay another 25 just to get the overly generous DB pension.
“And finally, the most important lesson you can learn is that the best way to work in the government is not to work for the government at all; be a consultant. As a consultant, you’ll get twice the pay, half the headaches and, by the time anyone realizes your work is useless, you’ve moved on to the next project and an even higher “per diem” rate.
Remember, whatever career you choose in government, there’s no life like it. After all, where else can you drink coffee all day long and pretend that “policy analyst” or “associate program assistant” is a real job? Welcome aboard and enjoy the ride.”
https://www.thestar.com/opinion/2007/07/16/how_to_survive_the_civil_service.html
#70 Bill on 05.23.21 at 4:19 pm
LOL. This from a government bureaucracy that is unable to put together a payroll system. Something that every company in the country does successfully
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Exactly, can you imagine this government controlling all you needs? Second Covid shots anyone?
Lots of drama today…somebody should call Netflix.
Remember when you were younger and you figured the Bermuda Triangle would be playing a large role in your life? Or you thought you’d have to be on the look out for quicksand at all times?
And nothing happened.
I recall my middle school sons sitting at the table having after school snack and musing about those older, tuff high school boys. None of those dire predictions came to pass either.
What has happened is true Canadian Progressive Conservatism has been allowed to morph into the hateful, spiteful, blatant party of the connected we see today.
Kenney is on the ropes, his own caucus turning on him. Moe is..well Moe. Ford in Ontario is fumbling around and seems to be pissing a lot of folks off. Federally the Conservative Party back room seems to be at odds with its current leader.
Its too late for a new leader or a new policy or a new anything but a ground up total regeneration of the party both Federally and Provincially. Not going to happen with the current crop of con voters, certainly not with the types of supposed conservatives that post here regularly.
Like my mother used to say, “Not with that attitude you won’t.”
Minimalism is another force that will further the access economy. People don’t want storage lockers or garages full of stuff – much better to just pull out an app order what you need when you need it for a fraction of the cost. Does anyone really miss CD and DVD shelves now that streaming services are prevalent?
This economic shift will also help keep CPI lower despite the rising cost of actually buying goods.
Relax.
We have communal bus service and taxis that we rent instead of owning a car. We don’t refer to it as marxist or socialist or communist. Ditto air, sea and subterranean travel.
Ditto housing.
Ditto services.
Ditto security.
Ditto entertainment.
Ditto engineering.
Ditto education.
Ditto energy.
The list is much longer.
The best urban experience I ever had was for the 9 years (2009-2018) that I lived in Vancouver in a penthouse rental smack in the middle of all necessary services or easily within walking distance and I belonged to MODO https://www.modo.coop/ (an excellent car sharing service) which allowed me to sell my own vehicle, use MODO when needed and walk to most places I needed in the neighborhood. The simplicity of lifestyle was a boon.
I’m 74 and doubt that I will see the day when robot cars will pick me up or deliver my goods. But it’s coming.
What I would like to see is a generational shift away from our present taxation system. Gen Y, Gen Z get on with it. There is a solution…
The other drum that needs banging is electoral reform. The rise in authoritarian politics south of the border is a warning to us. We need a healthy democratic society that can protect our social, political and financial institutions from the violence of political grifters.
Closing thought:
“Social ownership can be public, collective or cooperative ownership, or citizen ownership of equity.” says Wikipedia
My take is that Socialism begins at birth. Humans are social animals. If it was not for “socialism” we would not survive. It’s one of the evolutionary traits that allowed us to develop from now extinct primates to homo sapiens over the last 315,000 years.
Get over the nomenclature, we are socialists, we are social animals.
And if you have never seen “Two Monkeys Were Paid Unequally: Excerpt from Frans de Waal’s TED Talk” check it out:
https://www.youtube.com/watch?v=meiU6TxysCg
It’s in our DNA.
Nothing new to see…..
“And they may hint at what happens when moisters run the land.”
Nothing that hasn’t happened before somewhere in the world. Such as in my home country, which the commies crashed so that the next generations had something to rebuild (and learn from).
There are the haves and the have nots. The have nots seem to cast 65ish percent of the votes by choosing Lib or NDP to get free stuff. The have nots are going to win. We cannot stop them.
Finally, real estate. More than anything, it’s the symbol of generational angst, the largest source of household debt and a key plank of retirement financing. But not for long? “If home affordability continues to be a challenge, and more Canadians take part in a gig economy with large pay fluctuations, then home ownership will become more unattainable,” says the report. “If Canadians can access housing more easily through sharing economy platforms or co-housing arrangements, home ownership may decline as a cultural value and asset.”
It’s in the interest of the moister brain trust that the housing market fail – which it has. Bedrock of the housing market is the idea that housing is affordable but in the last year, it’s become unaffordable.
It’s also in the interest of the Liberals that the housing market fail. If housing were cheaper it would be more affordable but if housing were cheaper the Liberals would lose the election. There would be significant numbers of people who would be screwed. They would be vocal and organize. However if housing is unaffordable, a different set of people would be screwed – like they are right now. They aren’t vocal and they aren’t organized.
The interests of the moister brain trust and the Liberals align – that the housing market fail.
I have no problem with the idea of more rentals and less ownership of assets. Garth – you champion renting versus owning housing (which I agree with), isn’t this just taking it a step further. I look forward to a time when I don’t own a car, I just summon a self driving car. Owning a car is expensive, and for a retired person like me I don’t need to use one very often. Also, the goods they are referring to are mostly depreciating assets.
As far as the lower demand for hard assets negatively affecting our economy, I think the reverse would be true. If the same actions (driving for example) are accomplished with fewer hard assets isn’t this a productivity increase? Does the money we save get wasted – no, we can spend it on services, for example, and keep the money in Canada. Hard assets are mostly made in China, although the raw materials do often come from Canada.
Not that I believe in UBI and the other nonsense in that Canada150 blog. As always, the far left take some interesting ideas and take them to extremes.
When will these people learn.
SOMETHING GIVEN HAS NO VALUE.
DELETED
Just for the record, there is no fruit in “froot loop”.
Geez, it almost sounds like “moisters” are angry with the current state of things.
Wonder why that is?
#66 Flywest29 on 05.23.21 at 3:51 pm
Where is Turner Nation??????????
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Ask the powers that be. They know because they have him in some abandoned warehouse with a potato sack over his head tied to a chair.
I’m assuming they will be using water, electricity, and a cattle prod to find out how he unearthed their commi plans.
I wonder what my grandfather is thinking from up above now he said “renting is like paying for a dead horse”
#70 MDQ on 05.23.21 at 4:15 pm
#15 BC Doc
> I used a car share pre-CV in Vancouver.
My ride came with dirty fast food wrappers on the floor from the previous driver.
Exactly my thoughts, shared economy is nothing new and has existed for decades if not centuries.
Renting a dirty car is a step up from taking the bus, or calling an uber. This is something for the young lacking money, as soon as they have some; they buy their BMW (at least in Vancouver)
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Used Car2Go for years in Calgary until it went out of business. Only one issue. Some turd had a car hidden in his garage and rain was pouring down. I knew it was there but had to get out of the rain.
We use Uber often. More in Mazatlán but sometimes in Calgary. Have always had clean cars and polite drivers.
Don’t get me wrong, I’m not promoting a shared economy but it’s nice to have choices that aren’t government driven. I know, the government would have kept Car2Go running and the taxpayers would have supported my lifestyle.
DOG HELP US ALL
I’m not surprised as Comrade Freeland sits on the board of directors of the World Economic Forum. I actually filed a complaint to the ethics commissioner about it but I doubt anything will come of it.
Anyway, it’s the younger boomer and GenXers fault as we raised our kids on Robert Munsch’s “We Share Everything” book.
The PM PM will returned from his long weekend and get stuck in to this mess. He will sort it all out lickety-split. Nothing is more important to the PM PM than the economic prosperity of hard-working Canadians. Nothing!
BB
#26 Mill Inv. Middle class when I was growing up was living in a 900 sq ft bungalow, 1 car, mom stayed home and 1 vacation a year in a tent by the beach. KFC was a once a week treat and pop and chips were something we had only when company came over. Maybe the issue is that you are mistaking middle class for the upper class? Botoxing, suntanning, Starbucks drinking mills. Needing a 2600 sq ft house, 1 bmw and 1 lexus and shopping at the Gap, yearly plane trips vacations. Needing to have all this by the time they turn 30 lmao.
@#77 Brian Ripley
“In its simplest form, the APT tax consists of a flat tax levied on all transactions. The tax is automatically assessed and collected when transactions are settled through the electronic technology of the banking/ payments system.”
++++
While I would love to see a Flat Tax on all goods and services…
It will never happen.
You would put tens of thousands of tax Lawyers , accountants, Revenue Canada auditors and all their legions of assistants out of work…
The Lobbyists representing them would never allow it to happen.
#66 Flywest29 on 05.23.21 at 3:51 pm
Where is Turner Nation??????????
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Working on a new schtick.
But don’t worry.
Lots of blogdogs here can step in on a moment’s notice.
@#75 Ustabe
“Its too late for a new leader or a new policy or a new anything but a ground up total regeneration of the party both Federally and Provincially. Not going to happen with the current crop of con voters.
”
++++
I dont recall anyone in the general public “voting” for O’Toole as the Conservative Leader.
No that was a gawd awful decision foisted on all voters be the back room wheeling and dealing it takes to elbow, claw and bite ones way up to the front of the line.
Favours demanded and returned.
The Cons have shot themselves in the foot with their “Christian war hero” for leader.
They should have nominated a poo flinging monkey.
It would have had a better chance in these gender fluid times….
The debates in both languages would have been awesome
Donny G.
You’re so talkative these days.
Found a new Mariachi Band?
Or watched the director’s cut of “The 3 Amigos”?
RE: sinister F-150 manifesto.
The way I read it, owners of the monster truck will in future have to share it with anyone who wants it.
Seems fair to me.
On the serious side:
I can’t even imagine what would have happened had Trump and the Republicans won the election.
They would have turned right so fast and furious that the country would have suffered a catastrophic whip lash.
And ICBC would not pay for the medical costs.
You would be all alone.
So i decided to do a little weekend project.Picked up my tools at he local state run tool distribution centre.Start my project to find the chop saw couldn t cut butter,last guy ran a nail thru it.Oh yeah and the pinner had a brad nail jambed in it.No thanks…I buy my own.
#86 Adam on 05.23.21 at 5:10 pm
Geez, it almost sounds like “moisters” are angry with the current state of things.
Wonder why that is?
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Some are getting out of the basements and finding out Mom and Dad aren’t paying for everything anymore. And Mom and Dad sold the house and moved into a condo so the moisters can’t move back in.
Might want to read this:
https://horizons.gc.ca/en/2020/02/11/exploring-biodigital-convergence/
Canada Beyond 150. Yet another pie in the sky idea of how to live the rich lifestyle today without having to wait years & work years to enjoy it. Even better, have it paid for by others whose did wait/work for it because that is ‘fair’. If it walks, talks & acts like a thief, it is a thief. As for renting the lifestyle – be it accommodation, rides, clothes etc. I have to ask. How are they going to get around the human need to possess? As for AI & automation eliminating jobs, so what? The industrial evolution eliminated jobs & automation isn’t new. Sounds like an excuse to forego having to like, work for a living. With the added benefit of having someone else pay for it. Sorry kids, this fairy godmother has retired the wand. Time to grow up & face reality.
T-Rev, why don’t we share our food from our mouth with each other too. I tell you why, it is disgusting and ridiculous like this Canada Beyond-150. Communism, socialism, sharing economy whatever crap you call it it is still crap.
Let’s hope it comes true! Much better for the world
OMG indeed. Turner Nation????
What was in that vaccine Garth? You are way too cool to have “Jumped the Shark”, but every dog has his day so to speak. :(
Pity me. I have to read all this stuff. – Garth
Yukon Elvis, the free stuff will be worthless not too soon as they get it so they win first but lose for good. Ask Argentina, Chile, Cuba, USSR, Vietnam, Venezuela, Zimbabwe even China what great accomplishments and standard of living they have achieved.
Communism, socialism, marxism, liberalism etc. never works and ends up always badly. To you clueless Canadians who wrote this Canada Beyond 150 crap, this simple, direct question to your millennials and others like mind Canadians, why are you asking for so little?
Ask for $10 million each and then you can live the real dream of utopia in Canada. Good luck being more in poverty and living in misery believing, accepting the Trudeau, Freeland, world economic forum team etc.
#89 DG “Used Car2Go for years in Calgary until it went out of business.”
Ahhh yes, the sharing economy..Mercedes certainly shared with us.
Daimler Benz (owns Car2go) shipped 400 Mercedes’ to Calgary, THEN, the head office in Germany decided to get out of Car2go North America all together. 400 brand new 2020 Mercedes Benz cars, 25% off. MB Calgary Dealership flogged a few hundred of em in a few weeks. Like a feeding frenzy, crazed buyers from the ROC converging on Calgary to get a deal.
Sing with me:
“ I’m back in the U.S.S.R.
You don’t know how lucky you are, boy
Back in the U.S.
Back in the U.S.
Back in the U.S.S.R.”
When I immigrated from post-Soviet county into Canada, I could never image that I would end up in USSR…
You’re still fighting the US election? Pathetic. – Garth
Not fighting. As mentioned, nothing can be proven in court, this one is water under the bridge.
The issue is the next ones, and, as mentioned, since you brought up Turner Nation, is it a conspiracy theory if it’s true?
Once the sheep accept that the outcome of the election is pre-determined by those in power (different from those in Office), much as is done in places like Russia, Venezuela, Zimbabwe, Iran, … which haven’t quite gone to the more efficient system of China, Vietnam etc., then the road to “not owning anything” is well and truly within reach.
When looking at the larger political and legal structure of Western society, especially the British Common Law heritage, well, as the mutual fund sales ads say, “past performance does not guarantee future results.
Manifestos are not a new thing.
Hitler had Mein Kampf”
Mao had the “Little Red Book”
FDR had the New Deal.
Trump had The Bible.
Trudeau has an F-150.
Could be worse.
There is a way to treat these Beyonders. They are dangerous. They are federal civil servants. Its a prison term called “Do the Duck”. Be a duck waddling by, ignoring them, of course the duck is alert. Just looks stupid waddling along minding his own business. We always have the upper hand because they are incapable of doing anything. They consult, brand, analyze, write, project, hypothesize . They want us to share our stuff. I’ll share, my stuff. Those people are useless. They have no idea how the real world actually works. The more they “fix” it the better it gets. For those ” with a criminal mind” anyways.
Turner Nation is the rightful heir to Smoking Man!
JUNK-80/20 RULE!
80% of the the things we purchase in life is junk. This junk then depreciates down to nothing faster than a speeding bullet. If this be the case, then 80% of the things we purchase should be used. Let someone else take the hit. 20% buys quality, which can last a lifetime. We spend so much of our lives working in order to buy junk which we throw away. WASTED LIFE! You can call me a dreamer, but I’m not the only one.
John Lennon wrote ‘Imagine’, and these ‘150’ people think it is more than just a song?
#44 R
Very soon, General Artificial Intellegent computers/robots will be able to do virtually anything a human can do. What is the meaning of “work” when this happens?
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General artificial intelligence is in the very distant future, should it ever be possible at all. Everyone alive today may be assured that work will still be work as we’ve always known it: effort expended in exchange for the necessities (and pleasures) of wetware units.
#97 Ponzius Pilatus on 05.23.21 at 5:49 pm
Donny G.
You’re so talkative these days.
Found a new Mariachi Band?
Or watched the director’s cut of “The 3 Amigos”?
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Somewhat bored but watching my beloved Trail Smoke Eaters single handily save the western world from the evil Soviet Red Army. We could all use more Trail Smoke Eaters. ;<)
Trailer for upcoming 90 min documentary
https://www.youtube.com/watch?v=Oc_iGDyxYCk
https://www.houston-today.com/sports/building-trophy-town-a-home-of-champions-story/
They're hoping to get the documentary into TIFF next year.
Garth can totally rock the horned outfit with his abs
During this pandemic this blog has been a breathe of fresh air and hope unlike CityPanic24, but after seeing the crowds on the final day at the PGA the mantra of there are better days ahead is spot on. Good luck to all.
I’ve been reading about this “access economy” for a while now and can’t quite come to terms with how it would work.
First, if you are going to rent everything, from whom will you rent it? Does that person or company or other organization not own it? Or do they rent it too? From whom?
For example, if I go skiing I can chose to either buy my own equipment or rent from either the resort or a rental shop for a fee. The rental rates are high enough that many people find the payback period to buy to be less than a year, but certainly less than the life of the skis. But if nobody owns the skis, who do we rent them from? The lift ticket is the same sort of thing. Very few people can “own” a ski resort, so we rent access to the lifts. But from who? There is always a company often with multiple shareholders who assembles the capital required to install the lifts and build the lodge. So someone “owns” it.
Short of government ownership of everything, the “access economy” does not avoid the fact that someone is going to own everything. Not like one person owning the whole world, but everything has an “owner”. If they chose to rent it out like those electric scooters, so be it, but they still own the scooters and pay people to collect them and charge them up and then return them to places that are the most popular to rent them. Even Car2Go, when that was a thing, had to have people employed to return the cars to high traffic areas and make sure they had gas and got oil changes. Of course it turns out that if you have staff doing all that, you may as well have a driver so they couldn’t really compete with traditional taxis or Uber. Even traditional taxi companies have apps for your phone now so you can hail one and it comes to you, you don’t have to wander around looking for one or waving at cabs as they drive by. But somebody owns the car. All that has really happened is the app replaced the dispatcher and Uber partially replaced the taxi tokens.
It seems to me what concepts like the “access economy” represent is a continuation of our return to feudalism. Sure, you might not own the cars you use, but someone will. And sure, it might raise the utilization of all those cars that currently spend most of their time in a garage, but it will also wear them out faster, leading to little gain. It’ll just mean the average car lasts 5 years instead of 14. They will still have to build just as many of them.
The “access economy” is nothing more than feudalism. Preparation for the idea that the concentration of wealth will continue with less and less people owning more and more, and more and more people owning less and less. To the point where you can’t even own an house or car and enjoy a few years of rent free service after you have paid it off. Nope, you’ll be renting it from Amazon.
And then in this “access economy”, what happens if you lose your income? They say there will be UBI, so you can rent a room somewhere and afford to dine on cat food, but really? It means you are a serf. You aren’t going to be a farmer growing his own food and bringing it to market. You are going to be a share cropper entitled to enough to eat but returning most of the crop to the Baron, who in turn forwards part of the crop to higher nobility, lest they lose their title.
The “access economy” is a great idea for the Barons, Dukes, Earls, and Kings, but for the rest of us it is a return to serfdom. The only difference to times of old is that it is not strictly land based.
Basements FOREVER!!!!
All we need is a radon policy.
And, with SAAS (software as a service) equivalent LAAS (life as a service) … we can check out of our basements temporarily from time to time to live the dream: whatever it may be!!!!!!
Dogs live in basements, too!!!!!
#108 hwy_str on 05.23.21 at 6:44 pm
Sing with me:
“ I’m back in the U.S.S.R.
You don’t know how lucky you are, boy
Back in the U.S.
Back in the U.S.
Back in the U.S.S.R.”
When I immigrated from post-Soviet county into Canada, I could never image that I would end up in USSR…
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My first overseas job was building and commissioning a gas pipeline running from the Sahara Desert to a gas processing plant near Algiers.
On my first trip in I landed in Oran (2nd main city in Algeria) situated on the coast. It was August ’76. The next morning a driver took us on a long dusty road trip to our job site in the desert. He had an 8 track with “Back to the USSR” playing over and over for hours. It was the only English music he had. Every time I hear it I flash back to sand dunes, camels and fond memories.
#113 NOSTRADAMUS on 05.23.21 at 6:57 pm
JUNK-80/20 RULE!
80% of the the things we purchase in life is junk. This junk then depreciates down to nothing faster than a speeding bullet. If this be the case, then 80% of the things we purchase should be used. Let someone else take the hit. 20% buys quality, which can last a lifetime. We spend so much of our lives working in order to buy junk which we throw away. WASTED LIFE! You can call me a dreamer, but I’m not the only one.
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Best things to spend money on are experiences.
#44 R
Tesla already leases the optional features on their cars, if not the actual car itself. this is why when someone buys a used Tesla, Tesla can actually deactivate those leased optional features because the new owner didn’t pay for them.
#116 Don Guillermo on 05.23.21 at 7:05 pm
#97 Ponzius Pilatus on 05.23.21 at 5:49 pm
Donny G.
You’re so talkative these days.
Found a new Mariachi Band?
Or watched the director’s cut of “The 3 Amigos”?
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Somewhat bored but watching my beloved Trail Smoke Eaters single handily save the western world from the evil Soviet Red Army. We could all use more Trail Smoke Eaters. ;<)
———————————-
Those were the days, my friend.
But then in the 70’s and the 80’s, the Red Army smoked the Canadians regularly.
They actually had a “system”, and the traitor Walter Gretzky taught it to his son.
And the rest is history.
Hockey is an international sport now, and much better for it.
Excuse me, gotta watch the Oilers vs. Jets game.
#40 ogdoad on 05.23.21 at 2:54 pm
I had a snowblower once and it was one of the worse investments that I ever made – ‘summering’ it, changing the oil, spark-plug, buying gas. Labor intensive.
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My driveway is 5000 sqft, and the snow drifts to the point where 4×4’s can’t get through. Sure, I only need it 4-5 times a year, but those times I do need it you can’t get someone with a plow to come because they are plenty busy already and the prices are high. It’s paid for itself.
Nail guns are a waste of money no doubt because cordless drills have made screws the preferred method of attaching things for homeowners. And you want to own one because it isn’t worth driving to the rental shop every time you need to fix a shelf and the “homeowner” ones (light duty) aren’t that much money. I just bought a Mastercraft drill & impact set with 2 batteries for $150. Mind you one of CT’s typical 50% off sales. Don’t buy anything at CT unless you either need it right now or it is 50% off. But still, I’ll get at least 10 years out of it. Why buy new when I already had a cordless drill? The batteries died like dead died can’t hold a charge and replacing them was going to be more money than this new set, on sale as it was.
What to own and what to rent is always a financial decision. You rent a canoe until you have rented it 4 times in a year because you like it and then you buy one.
For things that aren’t used much like a boat, the used market can sometimes present good opportunities. Buy a lightly used one that someone else mostly paid off. Snow blowers are in the same category. If it starts and doesn’t smoke, chances are it has 20 years left in it. Ya, getting gas is a pain, but so is shoveling 2 feet of snow. With regular oil changes, the engine can last 800 hours+. That’s a lot of snow. You probably put on 10-20 hours a year unless you are contracting it out.
We can rent our houses, lease our cars, so sort of there already if we choose. This will be technology driven. Once we have self-driving autonomous cars at least in urban centers we’ll give up car ownership. Just use the app on your phone to summon one of the cars already cruising around to show up at your door within a minute of summoning and it drops you at your destination and it’s ready for the next ride. AS WFH continues this will become the norm… less interaction and more stay at home with services delivered to our doors.
#77 Brian Ripley on 05.23.21 at 4:42 pm
And if you have never seen “Two Monkeys Were Paid Unequally: Excerpt from Frans de Waal’s TED Talk” check it out:
https://www.youtube.com/watch?v=meiU6TxysCg
It’s in our DNA.
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Ya, it is in our DNA, but not all work is equal.
Interesting read. Renting in essence is owning for a limited time or in perpetuity, depending on what product or service is in discussion.
In my line of work, I rent commercial equipment to customers who either don’t have the capital to own, or don’t want the responsibility of ownership ( maintenance, repairs, amortization,etc).
Today people rent bicycles, vehicles, even furniture. What’s next?
Pride of ownership isn’t practical or economical, unless one is in the one percent.
Not sure where I’m going with this…
It sounds like the Privy Council intends to steer us towards some destination between China and Singapore. The first stop will be to make democracy meaningless and dissent punishable.
Nail guns are a waste of money no doubt because cordless drills have made screws the preferred method of attaching things for homeowners.
Screws don’t have the same shear strength as nails do. Put simply (and I’ll eagerly await a engineer to “correct” me) nails have a bit of elasticity whereas screws are more brittle.
So careful if you are putting something up that can shear if you are using deck screws from that tub in the shed.
Exception to the rule is the newish construction screws that look a bit like a lag bolt on a diet. You can recognize them by the built in washer at the head and their cost.
But if you have a finished basement yet need to hang a ledger for that new deck you want construction screws to get that ledger as one with the rim joist of the house.
Plus proper flashing, consult an engineer on that tho…
Basically not much different than some trust fund kid who lucked into a large inheritance except the government would be ponying up the cash in this example. Neither would be deserving of their good “fortune” yet each one of these scenarios drives certain ideologs crazy.
@#126 S.Bby
“Just use the app on your phone to summon one of the cars already cruising around to show up at your door within a minute of summoning and it drops you at your destination and it’s ready for the next ride. ”
++++
Look on the bright side.
No more feeding outrageously over priced Vancouver parking meters….
I always had a soft spot for TN
#126 S.Bby on 05.23.21 at 7:59 pm
We can rent our houses, lease our cars, so sort of there already if we choose.
“If we choose” is the key. If private business want to offer these types of services and there is a market – fill your boots.
#119 Nonplused on 05.23.21 at 7:19 pm
The “access economy” is a great idea for the Barons, Dukes, Earls, and Kings, but for the rest of us it is a return to serfdom. The only difference to times of old is that it is not strictly land based.
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I’m impressed your powers of observation. This is exactly where we are headed.
The neo-marxists at most Universities now, who insprire crap like Canada Beyond-150, think that perhaps some benevolent Govt. agency will do most of the “owning”.
The reality is that the “owners” of most of the property and assets that you rent have strong control over what will be a “less-than-benevolent government”, just as they did in Feudal times. They also have access to all of you financial transactions and electronic communications…. but we’ll be assured that they’d never use this power to control or punish us!
————————-
#129 short horses on 05.23.21 at 8:16 pm
It sounds like the Privy Council intends to steer us towards some destination between China and Singapore. The first stop will be to make democracy meaningless and dissent punishable.
———————————————-
Do you think the WEF, Gates Foundation, Bezos, Western Central Banks etc., and their every tightening relationship with the Chinese Communist Party would ever do such a thing?
The Canada Beyond-150 paper doesn’t address the private ownership of firearms. Could we rent those in a time of crisis?
My millenial son recently went to a beach in BC that requires a beach-goers to climb up and down a steep set of stairs. He was shocked that at the end of the day people just dumped their garbage at the base of the stairs and didn’t pack it out with them.
He asked me why millenial BC’ers refuse to pick up their own crap. I told him it’s the difference between conservatives and liberals.
Conservatives view that they’re responsible for their own mess and clean it up. Liberals view that the government hired someone to clean up after them, so it’s OK to leave crap everywhere.
Ugly, but that’s the way it is and that beach is a great example of what happens when people abandon personal responsibility and turn it over to the government.
it’s missing The Central Scrutinizer
https://www.youtube.com/watch?v=ZeoEKsuf3W4
@#135 AM in MN
“The Canada Beyond-150 paper doesn’t address the private ownership of firearms. Could we rent those in a time of crisis?”
+++
Pffft.
Gang members are way ahead of you.
Why own an illegal gun when you can just rent it.
https://vancouversun.com/news/crime/anatomy-of-a-metro-vancouver-hit-imported-hit-men-kill-kits-guns-and-fast-cars
#125 Nonplused on 05.23.21 at 7:55
Nail guns are a waste of money no doubt because cordless drills have made screws the preferred method of attaching things for homeowners. And you want to own one because it isn’t worth driving to the rental shop every time you need to fix a shelf and the “homeowner” ones (light duty) aren’t that much money. I just bought a Mastercraft drill & impact set with 2 batteries for $150. Mind you one of CT’s typical 50% off sales…
What to own and what to rent is always a financial decision. You rent a canoe until you have rented it 4 times in a year because you like it and then you buy one.
——— –
Renting almost never makes any sense in my experience. I just bought a used 20lb BOSCH demolition hammer for an upcoming project around the house. I need one for a week or two.
A good one new is 2k, renting a good one is about 80.00/day. I paid 175.00 for the BOSCH – about 2 days rental charge tax in. This thing is going to sit 99% of the time that I own it, but I’ll do multiple jobs with it, and then sell it in 4-5 years for more than I paid for it probably.
Renting is expensive, that’s why CAT got into that business, and everywhere you go there are rental stores. Even Home Depot got into it. It’s a cash cow.
It’s a cost compared to what you can get out of the tool, and the value put on convenience. Renting forces your schedule, owning provides flexibility.
I own a small track loader that almost never moves, but it has paid for itself many times over because I bought it dirt cheap, and fixed it up over about 5 years myself. It does a lot of work very quickly, and turns near impossible jobs into 10 minutes of fun. It pays for itself once more almost every year – again, because of the low cost of obtaining it, and the ability to maintain/repair myself. I could not have rented a dozer for a week for what I’ve got into it after 10 years of ownership.
IMHO, the items actually well worth the cost of renting can be counted on one hand.
Turnernation please keep the information coming.
Different points of view on this financial blog are very much received.
@# 136 Ok Doomer
“My millenial son recently went to a beach in BC that requires a beach-goers to climb up and down a steep set of stairs.”
++++
Wreck Beach is open?
Wow, what a concept.
Instead of owning a stand-by generator for those rare occasions when the power goes out, – I’ll just rent one when I need it. (or put my name on a list if I’m not the first one there).
Instead of owning a tractor to plant corn in May, I’ll just rent a tractor. The corn should be in by mid June.
Instead of owning a snow blower to clear the 1000′ of laneway to get out, I’ll wait until a rental is available, and hope it can be delivered since I can’t get out.
Instead of owning a fire extinguisher in case I need one, I’ll just call and arrange a rental when I need it.
The above items are required for 2 weeks of the year, if at all. According to the intelligencia at Canada Beyond-150, there is a justified case for shared ownership. That’s is fine with me as long as I get to determine where and when these items leave my farm.
W aste
O f
M oney
B rains
A nd
T ime
And I don’t even vote Liberal!
#125 Nonplused on 05.23.21 at 7:55 pm
Sorry man. I’m not your hobby.
@#77 Brian Ripley on 05.23.21 at 4:42 pm
Thank you to the Talented Mr. Ripley for that wonderful video link. Took the edge off a rainy day here in Calgary. We need the rain badly, so no complaining from me.
It’s so dull I’ve even had one eyeball fixed on the hockey game, though it’s not my thing. Great shot by #44 on the Winnipeg team. Wouldn’t it be something it they went all the way and won the cup? It’s what Ralph Waldo Emerson wrote about….believing in small miracles. I like that deep blue colour of their uniforms, too.
Oh, what’s this? Something called overtime.. Not as interesting as the grand slam in the 13th inning, but I guess I’ll keep one eye on it.
@Ok, Doomer, post #136:
Yes, and that’s why conservatives are more concerned with protecting the environment than liberals. If you believe that, could I sell you some Nortel shares for 20 grand each, US dollars? I’m liberal minded and ALWAYS pack my garbage out of a public place like a beach if there isn’t a garbage bin to put it in there.
In this access economy, more people rent instead of buy what they need. Does it make any sense? It seems to me we’ve been told numerous times that renting a house may be more economical than buying one, especially now with the outrageous price increases we’ve seen. Isn’t that an example of this access economy?
#71 Bill on 05.23.21 at 4:19 pm
LOL. This from a government bureaucracy that is unable to put together a payroll system. Something that every company in the country does successfully.
There’s absolutely no way they could build a block chain (or server) based digital wallet for every citizen. Even if the pointy headed politicians decided to do this they would be incapable of reaching even the very first baby step in its implementation.
This is just another public service boondoggle. It is scary to see how the bureaucrats constantly find new ways to put our tax dollars to work though.
——-
Yep. Maybe they think the blockchain will build itself, kinda of like how they thought about the budget? We know how that turned out…
The reality is, little to nothing these folks ever implement could work unless the boots on the ground want it to. We almost never do (unless they’re pumping our bank accounts with free cash). This whole idea is idiotic, and makes me wonder what kind of goofballs we’ve got running the show in Ottawa.
Number 124 in 1955
Now you believe in the WEF?
After poo pooing it for so long, lol.
#125 Nonplused on 05.23.21 at 7:55
Nail guns are a waste of money no doubt because cordless drills have made screws the preferred method of attaching things for homeowners.
———
I bought a new Bostitch coil roofing nailer for a single job 2 years ago. 300.00 iirc, and well worth the cost to make a big job go easier and faster for a one man show. It helped me save thousands, and has sat since. I have quite a few 1-2 use tools kicking around, and the older, more brittle I get, the more I seem to collect :).
I love screws myself too, but if I had to build a garage I’d go with the nail gun with construction adhesive. Nailers are just so damn fast, they’re worth the cost even just for one big job (if you already own a compressor). Even for just the wall sheathing and roof. The one handed operation is huge too, and makes everything easier all by itself. They really are cheap labour, these things.
Life in the Former First World Countries. This is war we are living. WW3. Economic and Social shelling.
This book was written in…1968.
Now you know why ‘distancing and lockdowns’ have been employed – to this effect- beyond any health benefits.
Totalitarianism
Part Three of The Origins of Totalitarianism
“What prepares men for totalitarian domination in the non-totalitarian world, is the fact that loneliness, once a borderline experience usually suffered in certain marginal social conditions like old age, has become an everyday experience of the ever-growing masses of our century.
https://www.google.ca/books/edition/Totalitarianism/I0pVKCVM4TQC?hl=en&gbpv=1&dq=What+prepares+men+for+totalitarian+domination+in+the+non-totalitarian+world&pg=PT200&printsec=frontcover
dont laugh so fast, it will start, gtd income is almost there between all the govt programs and gtd cheques for anyone 65 or older, disabled, welfare, and people with kids, the govt printing press is full throttal.
i always thought with so much govt land owned by the crown, give it to the people , its theres, have everyone live on an acre all over the place ,its yours , and why stop with modern monetary theory, via govt, just give to people, have everyone access 100K a year from the printing press, every year, start a business, spend it, why dont regular people need to go to bank who prints it from the govt, cut out middle man.
its all coming, its all coming.
my grandfather has passed, but he said he remembers no license to drive a car, no insurance.
if he knew that his grand child will need to verify the polution control of my car , he would either not beleive it or laugh, polution for who, for what. times change. gradually over time, but they do,
We already have UBI, they’re called federal government employee wages. They get paid to do nothing.
1. Urgent bulletin to all citizens from Ubore:
Due to riots in your area government has ordered all driving services shut down until further notice. If you require services, please walk 15 miles through the rioting areas in order to access the service. Please be of appropriate color.
Until then, shelter in place. If rioters approach your house please call the police. Be warned that during this time wait times for police service can be up to 6 hours. Likewise fire and ambulance services. If your problem is urgent, please call a driver service to take you to the hospital.
================================
2. So everyone wants to rent a BMW to attend “culturally appropriate event” Friday 8 PM for one hour. What happens to the BMWs the other 167 hours? How is this more efficient than capitalism?
==================================
3. The conservative party agrees with these policies and will lay them out in their twitter platform that will challenge the liberals in the upcoming election.
To find it, just use the hashtag:
#MeToole
Summary:
1. We will rent more stuff. – Scary
2. There will be more government assistance, UBI , redistribution, whatever name you want to give it.. also Scary ( even though that’s been the trend over the last 100 years).
The helmet comment really got my hopes up… Although not unusual, just hyperbole.. which sounds about right for TN material.
AM in MN on 05.23.21 at 8:51 pm
#119 Nonplused on 05.23.21 at 7:19 pm
The “access economy” is a great idea for the Barons, Dukes, Earls, and Kings, but for the rest of us it is a return to serfdom. The only difference to times of old is that it is not strictly land based.
—————————————————
I don’t always agree with nonplussed, but when I do, I’m high.
Things could certainly go that way if ownership is concentrated rather than distributed. Airbnb is an example of that where the capital owners, realizing the lucrative (due to lack of regulations) opportunity, start acquiring real estate and running what are essentially hotels, the pool of owners is then reduced due to the escalating cost of real estate ( due to the increased interest of those with more capital, i.e your BIL with 8 rental properties). The “redistribution” part of the idea could mitigate that..or not.
#139 IHCTD9 on 05.23.21 at 9:25 pm
Umm, so then we are sort of in agreement?
#130 Ustabe on 05.23.21 at 8:25 pm
Nail guns are a waste of money no doubt because cordless drills have made screws the preferred method of attaching things for homeowners.
Screws don’t have the same shear strength as nails do. Put simply (and I’ll eagerly await a engineer to “correct” me) nails have a bit of elasticity whereas screws are more brittle.
————————————-
Depends on the nail and the screw. Nails are from a time where the only way of applying it was a hammer. Next came the air hammer, same idea. Comparing a nail to a screw is like comparing a dot-matrix printer to a 3D printer.
For me at least, other than building decks, the use of using screws really started with basement completions. Pounding a spike through a stud you are holding in place is near impossible. A nailer does a good job but you need the nailer and air compressor. (Although they have battery powered options now.) At the time, a proper screw was the way to go.
#77 Brian Ripley on 05.23.21 at 4:42 pm
“My take is that Socialism begins at birth. Humans are social animals. If it was not for “socialism” we would not survive. It’s one of the evolutionary traits that allowed us to develop from now extinct primates to homo sapiens over the last 315,000 years.”
————————————
In families. In tribes or other large groups we are warriors who defend our land, to the death.
A great article addressing reality.
#112stevefrench…..even smoking man wasn’t THAT stupid…often living in an alternative world!! but Turner Nation is always exibiting signs of insanity and totally living outside of this world !!!!!!!at least smoking man put his mumbo jumbo into a book so those who want can read..but tn is trying to convince the sane of this world that his craziness is going to be real soon…sad so sad
Try maintaining a country property without owning certain equipment and machinery or relying on others.
Electric vehicles/aircraft and autonomous operation and a pay per use economy seems to be where we are heading. Why wouldn’t this lead to a higher demand for goods and services and more jobs than the current personal ownership based model? Isn’t the ownership of these assets just transferred to a broker who will make a profit renting things out. Even better with technology like blockchain, ordinary folk who have the means to buy an asset and make it available for use can generate some income my making the asset available when it is otherwise idle. Seems to me this is where we are headed and I don’t really see a downside compared to the status quo
People dictating the future are more likely those who have never done anything productive with their hands. At some point we will need a leader with experience, not just an electable personality.
I think it was Churchill who said “ if you are not a liberal at 20, you have no heart; if you are not a conservative at 40, you have no brain”.
My hope is when the millennials turn 40…
Wow. Just wow.
I wondered why TurnerNation wasn’t banned from this comment section long ago, but today’s article shows me why. Garth likes having that senile old man around and it scares me a little. Eventually those senile ideas start to not look so crazy when you’re seeing them day in and day out.
While I love this blog and the advice and the price of it, this is one of the first times I genuinely feel distaste over the fear-mongering vibe of it. Some of the commenters here also make me further distrust my fellow Canadians. I appreciate some of the more reasonable responses, (read: The Bermuda triangle was made to be a pretty scary thing as a kid, how did that turn out, so why are you panicking over this)
For my own sanity, I skipped over most comments since it’s largely repetitive but if you don’t skip over this one, ask yourself some things:
Why do you think these pro-share economy ideas are gaining attention? Do you honestly think people DON’T want to own a nice car or house or even their own tools in their garage? Do you not think there’s a correlation between these ideas and the rising costs of living including housing and low starting salaries for new grads?
#156 Nonplused on 05.24.21 at 2:09 am
#139 IHCTD9 on 05.23.21 at 9:25 pm
Umm, so then we are sort of in agreement?
—-
Yep. Renting is almost never worth the cost given the options.
#66 Flywest29 on 05.23.21 at 3:51 pm
Where is Turner Nation??????????
————-
#150! He finally got internet after driving into town for a Tim Hortons form his cottage, from which he should have stayed the hell out!
Did you see this one TN?
https://www.telegraph.co.uk/news/2021/05/14/scientists-admit-totalitarian-use-fear-control-behaviour-covid/amp/
I went to buy some cigs and the young Japanese gal was wearing a name tag Becky. I said that is not your
real name is it? She says what is your name? David. Glad to meet you David. Spirit runs powerful in some people.
I am going to make a withdrawal from my RIF. After a 30% income tax payment, quarterly installment payment, property taxes and lake fees there is little left. Probably a good thing as I am not wealthy and have itchy trigger fingers. Near December I will make another RIF withdrawal to tidy up bills. Renewing my mortgage is in the cards. I have to think carefully about rebalancing.
I thought it is a good time to increase my US$ exposure. Trouble is I have little experience with the way they operate. I have been investing in CDN companies that have most of their revenues offshore. I don’t think that makes me evil. I like WEF and CWX.
New “Lab” test for Covid?
https://www.theglobeandmail.com/world/article-britain-training-dogs-to-detect-covid-19/
Will it still work if you have beef jerky in your pocket?
@#152 Millennial 1%er
“We already have UBI, they’re called federal government employee wages. They get paid to do nothing.”
++++
Ahahahaha.
Now THAT ladies and gentlemen….. is a comment worth stealing…. to use at an appropriate time in the future.
“The civil servants – pretty much all Millennials – thought hard for ten months then produced treatises on stuff like how to make the government more feminist and inclusionary, open politics, the future of work, sustainability, wellbeing and capital & debt. “
—- ——
Ah yes. I had a look thru the list of contributors, but before I did, I made a bet on the demographics: Mostly young, mostly Women, mostly White Women. I won big on that one – looks like 70%+ White Women under 40 wrote that paper. Some of the “bio’s” were horror shows of useless educations and work experience useable only within the public sector.
I looked thru the paper too, it basically says everything is going to $h1t for Canadians, so the “access economy” can save everyone from the guaranteed state of oblivion Canucks would otherwise have to endure. They took a pass on explaining why anyone would choose to live here if life sucked that bad. I’d be outta here like my a$$ was on fire if things deteriorated to where I had to rent my clothes.
That paper is a make work product for a bunch of civil servants who really never learned to do anything better than crap out lowbrow philosophical humour.
#18 Cliff
Forgot to mention. I’m 76 years old now and I’m so eternally grateful to have grown up in Canada through the boomer generation. I think we got the best of the best, and am saddened when I see that world being undercut and destroyed by that dreamer in power. Best part is, all I need to do is squeeze out another 10 years of quality life and then I won’t care what happens.
—————————————————————————–
Good for you, pops!
I’ll be happy to make it to where you’re at now!
I’m right behind you, though.
Ain’t you glad to be old given the cesspool of garbage this world has become?
Timing is everything.
@#162 old engineer
“Isn’t the ownership of these assets just transferred to a broker who will make a profit renting things out.”
++++
Exactly.
Elon Musk once opined that if autonomous vehicles built by Tesla became “Fleet rentals” he would change the sales terms to have the ability to render the cars inoperable. ( Something about software registration rights , etc etc etc.)
The long and short of it is.
He stated only Tesla would be allowed to “fleet rent” their vehicles…not private citizens.
The rich always get richer.
But the bright side….
Taxi drivers would go the way of the riding crop.
#53 Crowdie
Nothing like 3 am screaming neighbors and repulsive cooking food odors to take the gleam off a fanatical communists ideals….
—————————————————————————-
You should take some of these mils on an elevator ride, y’know – to give ’em a taste!
#145 Doug in London on 05.23.21 at 10:50 pm
@Ok, Doomer, post #136:
Yes, and that’s why conservatives are more concerned with protecting the environment than liberals. If you believe that, could I sell you some Nortel shares for 20 grand each, US dollars? I’m liberal minded and ALWAYS pack my garbage out of a public place like a beach if there isn’t a garbage bin to put it in there.
In this access economy, more people rent instead of buy what they need. Does it make any sense? It seems to me we’ve been told numerous times that renting a house may be more economical than buying one, especially now with the outrageous price increases we’ve seen. Isn’t that an example of this access economy?
+++++++++++++++++++++++++++++++
You totally missed the point and ended up making my point for me. An “access economy” is just a re-branding of Communism. When people own something they care about it. Whether you or you landlord owns it is immaterial. Some one person is ultimately invested and responsible for the success/failure.
If an access economy/communist viewpoint had any legs, Stalin’s collectivist agricultural plans would have been a smashing success. Instead they killed millions. Ditto with Mao’s socialism. Killed millions, then the famines were only reversed when individuals were allowed to tend and keep and sell the food they produced. Every experiment in socialism/communism has killed millions and failed. Every single one. Everywhere. Socialism has never succeeded for a very simple reason; it ignores human nature.
Capitalism is messy and can be ugly, but it is compatible with human nature. That is why capitalism works. Even the Russians and the Chinese eventually figured that out and have gone with it.
Sure, the allure of communism/access economy/socialism are strong. Who wouldn’t want to take free advantage of someone else’s sweat and work?? I would too, but I know that you can only steal someone else’s efforts for so long before they quit working too. And then your communist/access economy/socialism collapses like the Berlin Wall.
Not sure why you think a Canadian experiment with full on communism would be better. I know a lot of people who grew up under communism, fled to Canada and pi$$ in the general direction of the commies.
Have you been around
Have you done your share of comin’ down
On different things that people do
Have you been aware
You got brothers and sisters who care
About what’s gonna happen to you in a year from now
Maybe I’ll be there to shake your hand
Maybe I’ll be there to share the land
That they’ll be givin’ away
When we all live together
I’m talkin’ ’bout together now
-The Guess Who
https://www.youtube.com/watch?v=rLQJ4toj-JY
#122 Don Guillermo on 05.23.21 at 7:29 pm wrote
“Best things to spend money on are experiences.”
***************
Back when the boys were 8 month old babies I was able to take the summer (July and August) off. I continued to take the summer off, no matter what it cost, until I retired. Best money I ever spent. My wife was able to stay home with the boys until they went to school, again, best money we ever spent. We could afford to get the latest outdoor fun equipment, and often there was way more money worth of stuff on top of our car than the car itself was worth. Again, best money I ever spent.
The experiences we all had we wonderful and you cannot get them any other way.
I suspect that is kind of what the young people are hoping they can do by trying to figure a way out of the lifelong RE/work grind that people must sign up for if you want to own real estate in the large cities. They can see the toll that it took on their parents. A one week summer vacation just doesn’t “cut it”
I think it would be very interesting to do an analysis of the predictive posts and comments on this blog since it began and see how many came true and statistically compare it to random guesses.
There was a television show called “Doomsday Preppers” some of them sounded a lot like some of the commenters. I would really like to see “Doomsday Preppers Ten Years Out” where they go back and interview the original peppers and find out how things have gone for them in the past 10 years.
#17 Joseph R. on 05.23.21 at 1:53 pm
#2 Gen Z on 05.23.21 at 1:16 pm
Will the Crown and RCMP let Canadians live on Crown land?
—————————————————————–
Why do you want to live in a provincial/national park? There is a reason why they exist.
— ——-
Uhh, Crown land that isn’t a park is probably the biggest section of RE in Canada.
Gen Z, forget about it if you want a 100% legal path on this one, you’ll have to break the law a little bit.
160 dgb on 05.24.21 at 5:25 am
What’s sad is that many people are in denial and bury their head in the sand to avoid seeing what’s coming; and it isn’t pretty.
@#174 Dharma Bum
“You should take some of these mils on an elevator ride,”
++++
I met Trudeau about 20 years ago in a pub in Downtown Vancouver.
He was with some friends out for dinner and beers, no security.
Talked to him for a few minutes.
Nice guy one on one.
Sadly….. there were no elevators.
I was with TN all along.
My net worth is in the top 3 or 4%. I see stuff and sense the future. I’ve always had a sixth sense about what is coming and now it’s being pushed full throttle.
To bad so many sheeple…It looks scary as hell.
Your already fully monitored.
@Ok, Doomer, post #175:
Where, exactly, did I say a Canadian experiment with full on communism would be better? I read my post again and again and didn’t see any such words. The fact is that you’re better off owning some things, like the computer I’m using right now, other electronic equipment I own, the car I own, various tools I own, clothing, and so on. Otherwise, renting makes more sense. Renting a house makes sense, as I said, in this time of expensive housing. The carrying costs for a house or condo are high, I would rather pay less for rent, pocket the difference, and invest it. When I sign off from here I’ll check my investments. Capitalism is awesome, it’s because of capitalism I was able to scoop up some DIRT CHEAP stocks and ETFs in March 2020, and in more recent times take some generous profits. It also makes sense to rent other things you seldom use, like a 3 ton moving truck or engine hoist as I’ve done.
When I get travelling again, I’ll take the train or fly to farther destinations and rent a car when I get there because, as anyone with even a basic knowledge of economics knows, it makes more economic sense. For example, in 2015 I went to Iceland and rented a car while there. How much sense would it make to have my car shipped there and back, when I really only needed a car 3 days while there? I’ve also rented a bicycle in many places I’ve visited. It appears I have a better understanding of sound capitalist economics than you do, which in itself isn’t saying much.
As I said, now I’ll sign off and check my investments. I think the TSX is closed today, but the NYSE is open for business.
Instead of UBI I would rather see a subsidized 4 day work week.
Then we all get 3 days off every weekend, but to earn any subsidies you still have to get your backside out of bed 4 days a week.
Haven’t even done any hours for the government yet and I am already looking for ways to do less…
M46BC
PS
Like minds need to stick together in this brave new world.
A great country with its Sovereignty being destroyed.
Good right up Garth.
Happy Victoria day..
I recently moved an RRSP account from TD to Questrade. The whole process took over a month to complete. TD had to physically send QT a check once they closed the account. I kept thinking to myself “What f’n year is it we live in?” I can still hear the fax machines running in the big bank offices. I imagine the whole pandemic thing might have helped delay the process, but in this day and age it shouldn’t take a month, but more like 5 minutes to move assets between institutions. They say the blockchain will change the world, which if very well might, but it seems financial institutions in Canada are stuck in the 90s. The feds probably move at the same snails pace although in some aspects they do seem to be adopting more technology for Canadians to use. Anyways, once the blockchain becomes more ubiquitous in everyday life, the moister dream might be coming closer to reality, but by then they’ll all be wrinklies, and might not have the same outlook on society.
So much for in Tom Selleck you can trust…
https://www.youtube.com/watch?v=O4FKPcLnd3Y
If no one owns it – no one looks after it.
Scary stuff indeed – I have 2 sons and hope they have the opportunities we ALL have had (spare me your excuses).
A couple of thoughts:
– this rental/service economy would be recurring taxation revenue for our government overlords. Think how many times the same car gets taxed when it’s sold (3-5x?). Nail gun purchased is taxed once, nail gun rented is taxed hundreds/thousands of times
– look at the supply chain issues we have had recently and continue to have – tried to buy a bike recently? Now think of when people want to rent the same item like a snowblower after a snowstorm? fuggedaboutit
Personally, I enjoy TN’s comments as I did Smoking Man’s (RIP) because I have the ability to read articles/comments that may not mesh with my own and make my own conclusion to where the truth lies. Critical thinking is almost gone as people only want to read or hang out with people that agree with them.
Last point – seems the government/powers that be are doing the reverse of “teach them to fish” analogy.
Honestly hope for the best for all of you, especially our gracious host GT!