The choice

In October of 2019 we had no idea what was coming.

An election had been called. The economy was decent. Markets were robust. Nobody had ever heard of Covid and few knew where Wuhan was. The government that year was taking heat for spending $19 billion more than it took in. And the red-meat-eaters who lumber into this pathetic site every day voted 51% for Andrew Scheer’s Tories, 22% for T2 and 9% for nobody.

That month the Libs went from majority rule to minority, appointed a ‘Minister of Middle Class Prosperity’ and we all settled back to watch the Trump show as America voted. Then over the next 19 months the entire world changed. Millions died in a global pandemic. Entire economies shut down. Governments spent $20 trillion trying to keep nations alive. Markets gyrated. Downtowns emptied. Millions left their workplaces. Public debt exploded. Canada’s deficit careened higher to over $350 billion. Interest rates crashed. There was urban flight. Trump lost but refused to admit it. The US Capitol came under public insurrection. Real estate prices exploded globally and nowhere more than in Canada. Social unrest bubbled higher with quarantines and lockdowns. Miracle medicines were developed and mass inoculations happened. The virus mutated. And here we are. Now you get to vote again. To pass judgment.

Some believe Covid changed everything. It didn’t. But it changed enough that returning to normal will be a longer process than anyone could have imagined months ago. Leaders now have to deal with unbelievable revenue shortfalls and a public grown used to subsidies, handouts and pandemic benefits. Central banks have to wean everyone off record-low interest rates, 2% mortgages and their artificial bond yield suppression. Employers have to find ways of goosing productivity and enticing workers back after a dubious experiment in remote employment. And now few people without real estate can afford any.

The winners?

Unearned pandemic real estate equity (66% of our poll respondents own). Financial markets looking to the inevitable reopening trade after the big crash in March of 2020 have also outperformed. And, likely, Justin Trudeau wins. Despite what the knuckle-draggers and deficit hawks on this blog want.

So over four thousand people voted in our poll yesterday. The Cons ‘won’ by a landslide and “None of the Above” came in third, after the guy who will probably get his majority. Other notable results: the deficit is your big worry (proud of you); the greatest number of voters are 30 to 49; two-thirds make between $100,00 and $300,000 a year; you diss more personal taxes but support a higher sales tax to attack the deficit; and weird Max Bernier edges out Jagmeet in the popularity contest. More evidence that our little society here has become unhinged from mainstream Canada.

No surprise there.

About the picture: “I’m a long time reader who finds your insight and humor quite refreshing,” writes Peter. “I’m one of those loathed provincial government workers who retired at 55 after 33.5 years with a defined pension. But please don’t hate me as I am a loyal dog lover. My recent addition, Luna, is a loving White German Shephard. She’s not much of a hunter – fortunately she doesn’t have to be.”

165 comments ↓

#1 wait there on 08.04.21 at 4:29 pm

wow, at least some think me

#2 Dave on 08.04.21 at 4:34 pm

First!

#3 Blobby on 08.04.21 at 4:37 pm

Maxime? Seriously?!!?

I guess no matter where you live in the world – gaining headlines works no matter what.

Hard to get a headline saying “I took a vaccine”, very easy to get a headline saying something totally abhorrent or stupid. And the more headlines a politician gets saying dumb things, seemingly the more traction they get amongst voters.

Worked for trump, boris, farage, etc etc.

It’d be tragic if it weren’t so predictable.

#4 Kato on 08.04.21 at 4:38 pm

Yeah, I think Justin has this one in the bag. I’d be happy to be surprised, but not going to hold my breath.

My prediction is a narrow Lib majority and beaucoup new spending because “interest rates are at historic lows.”

https://m.youtube.com/watch?v=ce1wK3DvOTY&t=44s

#5 Ponzius Pilatus on 08.04.21 at 4:39 pm

No surprises.
As the Indians used to say.
Many enemies, much honor!

#6 Blobby on 08.04.21 at 4:41 pm

Also interesting how many people who earn relatively low amount of family income <$200k.. Are against taxing wealthy (do they think they are in that bracket?)

But yet they ARE in favor of raising GST/HST, which would effect them a LOT more (as a pcnt of their income) than the wealthy..

So my take away from this, is that people are a bit dim.

#7 Blobby on 08.04.21 at 4:43 pm

And who are all these “O’Toole” fanboys? The question was “separate from party”.. I feel a lot of Conservatives just clicked him regardless.

As it’s surely not down to his policies or personality, or.. ??!?

#8 Ballingsford on 08.04.21 at 4:45 pm

Interesting results Garth! Thank you!

Luna should have been a choice for the #2 question.

#9 crowdedelevatorfartz on 08.04.21 at 4:50 pm

18 people voted for Racial Equality as the #1 National issue?

Just wait til the debt and deficit bites

#10 mcsteve on 08.04.21 at 4:57 pm

Consumption tax is the fairest tax. If you really want to get people to save money or buy a Canadian-built Hybrid Corolla over a Mexican-built Dodge Ram, this would be the biggest carrot. Force a lot of producers/retailers to sharpen their pencils too.

#11 red_falcon on 08.04.21 at 4:57 pm

It is always about the money. who has it and who hasn’t. and it will be the envy of people who don’t have it.
well, too bad, you didn’t earn it by working for it, hence you don’t get any. the fool and their money are soon parted. end of discussion.
meow

#12 Soviet Capitalist on 08.04.21 at 4:59 pm

Trudeau is like Chavez. The latter ruined Venezuela, yet, he is still very popular. It is the tragedy of the commons.

#13 Big Bucks on 08.04.21 at 5:02 pm

The younger cohort will largely decide the coming election.The NDP wants to tackle the affordability crisis in housing so unless I’m missing something Jagmeet is going to steal a lot of Liberal votes particularly in Ontario.O’toole therefore is going to squeak out the tiniest of minorities.At east that way we can try and contain spending before the Cons return to a strong majority in 2 years time.These Libs have no plan—everyone knows that by now including the young.

#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm

How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

#15 Blogdog123 on 08.04.21 at 5:05 pm

My prediction: T2 majority and public finances continue their downward trend in the toilet… Oh and another ethics scandal coming from T2.

flush !!!

#16 Kurt on 08.04.21 at 5:05 pm

“She’s not much of a hunter” – how many other people noticed the deer in the background?

#17 Rook on 08.04.21 at 5:07 pm

My guess:

The sub-set of folks on this blog understand hard work. They have education, and some economic training. They understand how a capitalist/market economy works. They know that debt = bad (unless you can use it to build something that throws off more cash or revenue than the cost). Dog lovers. Or at least distantly cordial.

But the majority (50=1%) of Canadians? I suspect they’re giving into the desire to get free stuff off other people’s work. And ‘eff the wealthy, they deserve everything they have coming.’ Probably.

We’re so pooched. Smoke ’em if you got em?

#18 Bloc on 08.04.21 at 5:09 pm

to question #2 yesterday, I wish I had Garth Turner as a choice..

#19 Yukon Elvis on 08.04.21 at 5:11 pm

The federal Conservatives raised roughly twice as much money as the Liberals in the first half of 2021, lending them a cash advantage ahead of a likely fall election.

Elections Canada filings show the Tories raked in $13.6 million in the first six months of the year versus $6.8 million for the Grits.

https://www.castanet.net/news/Canada/341971/Conservatives-raise-twice-as-much-as-Liberals-in-first-half-of-year-as-election-looms#341971

The contributions include newly released figures from the second quarter, when Conservatives raised $5.1 million from 34,865 donors compared to the Liberals’ $3.3 million from 36,495 donors.

The NDP pulled in more than $1.5 million last quarter, a slight dip from $1.6 million in the first three months of 2021.

The Bloc Québécois and Greens raised $312,000 and $682,000 respectively between April and June.

All parties are looking to beef up their war chests for spending on advertising, local riding battles and national campaign tours in advance of a writ drop expected as early as this month

#20 Guy in Calgary on 08.04.21 at 5:15 pm

Honestly after reading a lot of it, the PPC party does not seem as unhinged as people would leave you to believe. Other then their lack of acknowledging global warming, their platform is pretty reasonable.

#21 The West on 08.04.21 at 5:18 pm

As a lot of the comments yesterday clearly indicated – there are a lot of protest votes out there.

The “leader” vote is interesting to me. O'(Tool)e, Singh and Trudeau are all the same man – dressed up in different colors and aligned slightly differently on wedge issues. Make no mistake – nothing changes with any of these leaders. Nothing.

Bernier is a man feared by the establishment of Canada. And because Canada kneads out those “undesirables” by splitting votes so many ways – a protest vote is meaningless. Unlike America, where the protest vote upset the political balance in 2016 , it won’t happen here. Ever. (This is why Trudeau didn’t make good on his election reforms) – that was a “Neddy No-No”.

https://reviewcanada.ca/magazine/2017/05/why-trudeau-abandoned-electoral-reform/

Everything is under control. It doesn’t matter who you vote for – the future has already been predetermined. And it doesn’t look good for this nation.

#22 Ballingsford on 08.04.21 at 5:19 pm

#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm
How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

********
Every 1%, up or down, is $5 billion. Yes, a drop in the bucket.

#23 Ponzius Pilatus on 08.04.21 at 5:20 pm

Almost 2300 would vote for the Cons.
Why don’t you guys form the URGFP (ULTRA RIGHT GREATER FOOL PARTY) and get Maxi as your leader.
You could be the spoiler.

#24 AmbiVasu on 08.04.21 at 5:22 pm

“The Cons ‘won’ by a landslide and “None of the Above” came in third, after the guy who will probably get his majority”.

Could not see a “None of the Above” or “NOTA” in the survey. If we have seen one, the score would have been a bit higher for “NOTA”

#25 Arrow on 08.04.21 at 5:26 pm

Given the poll results I will be voting conservative to help try and pull off the upset.

Meanwhile, over 80% of BCers have their first shot and over 60% and climbing have their second shot – fully vaccinated.

But there is a massive problem.

It is my understanding that one of the notable long term care homes that had a huge outbreak became fully vaccinated after the big outbreak and focus.

Well now this same long term care home in BC has yet another outbreak and it is my understanding that all are fully vaccinated.

This is a big problem.

Furthermore, BC is seeing a 4th wave and their was a huge spike in cases over the long weekend – almost 1,000 cases, and almost 70% of those cases coming from Kelowna (55% of all active cases in the province with Fraser Health trailing at 23%) and with over 90% of those confirmed cases to be the delta variant.

The point is this thing is far from over and the seniors who got vaccinated early in the year are going to need a booster shot by November, but nobody in Canada is moving on this. They are talking booster shots in 2022. The delta wave is happening right now.

#26 Yukon Elvis on 08.04.21 at 5:28 pm

#11 red_falcon on 08.04.21 at 4:57 pm
It is always about the money. who has it and who hasn’t. and it will be the envy of people who don’t have it.
well, too bad, you didn’t earn it by working for it, hence you don’t get any.
+++++++++++++++++++
Oh yes they will. Gonna tax yer ass off you bourgeoisie capitalist pig. The “haves” are about to become the “have less” and the “have nots” are about to become the “have more”. Free stuff bubba. 67% voted for free stuff last time. They gonna get it too. Just watch.

#27 Ken R on 08.04.21 at 5:30 pm

#6 Blobby on 08.04.21 at 4:41 pm
Also interesting how many people who earn relatively low amount of family income <$200k.. Are against taxing wealthy (do they think they are in that bracket?)

But yet they ARE in favor of raising GST/HST, which would effect them a LOT more (as a pcnt of their income) than the wealthy..

So my take away from this, is that people are a bit dim.

The question was over family income, not family assets.
A good number of the respondents could have sizable assets, but draw a modest income from them. Not dim at all.

#28 Dolce Vita on 08.04.21 at 5:31 pm

“More evidence that our little society here has become unhinged from mainstream Canada.”

Near 63% of the little society are Righties.

Unhinged works for me.

——————

Nice synopsis of Canadian times since Oct 2019 Garth.

World wise this pandemic looks to last longer than 2 years if vaccination be the measure.

Let that sink in.

#29 Irish Stew on 08.04.21 at 5:33 pm

I always vote Conservative and will do so again.
BUT – I have very little use for O Toole and how he is operating……not happy w/ his leadership.

#30 jimmy zhao on 08.04.21 at 5:34 pm

I know people who have spent thousands buying products on Amazon, and yet criticize Bezos for his lavish spending on trips to outer space. They think Bezos should be spending his money on ‘social issues’ here on Earth.

#31 Millennial 1%er on 08.04.21 at 5:34 pm

>Mad max is number 2

lmaooooooooooo you guys are great
also same

#32 cuke and tomato picker on 08.04.21 at 5:34 pm

So our Prime Minister’s has been putting money into
many Canadians pockets since he has been in office even before covid with a form of enhanced family allowance.
Low income families were getting as$440 .00 per child.
Covid comes along and people were getting $2000.00 a month. Old people got money so I think the Liberal
government will get a majority.

#33 Ken R on 08.04.21 at 5:36 pm

Anyone in Ontario remember David Peterson? He had the election in the bag too! Except he didn’t. 1990 all over again?

#34 wait there on 08.04.21 at 5:37 pm

if election were to be called during a delta uptick, lib and ndp votes would be suppressed more disproportionally for two reasons maybe three. the uptick in delta would happen more in lib strongholds like cities, cons do not want trudeau with a passion and ontario needs to remember doug ford and the cons pleaded with trudeau to more about international leaks and delta 5 months ago. MID MARCH 2021.
could be an interesting outcome.

#35 Dolce Vita on 08.04.21 at 5:43 pm

May as well be me raining on everyone’s parade:

“Delta Seen to Push Herd Immunity Threshold Above 80%”
https://www.bloomberg.com/news/articles/2021-08-03/delta-s-spread-seen-pushing-herd-immunity-threshold-above-80

The spread of the delta coronavirus variant has pushed the threshold for herd immunity to well over 80% and potentially approaching 90%, according to an Infectious Diseases Society of America briefing on Tuesday.

While you were all asleep in Canada I read the above in Italian MSM (Il Sole 24 ore).

My heart sank, bone crushing.

As of yesterday, 12+ yrs old Cdn’s:

– 6.15 million unvaxd
– 82% single dose, 69% 2 doses

————-

PS:

If traveling to Italia Sept, Green Pass needed for planes and trains. Decree out today by Gov Italia.

#36 mike from mtl on 08.04.21 at 5:45 pm

Bit of a sampling bias there.

Seems to be mostly middle-class, adults & oldies from Ontario and BC which I guess makes sense given the comments here.

The working poor don’t invest & the real rich pay someone for such matters. Only us idiots who work and pay all taxes have to slug it out trying to get some return.

#37 Boom Town Rat on 08.04.21 at 5:46 pm

A democracy cannot exist as a permanent form of government.  It can only exist until the voters discover they can vote themselves largess from the public treasury.
From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence:
From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to selfishness;
from selfishness to apathy;
from apathy to dependence;
from dependency back again into bondage.
Alexander Tytler 1787-1813

#38 Cici on 08.04.21 at 5:46 pm

Wow Garth, that poll was actually very revealing.

Imagine if we had a real Progressive Conservative party, one that was fiscally responsible, not comprised of hardcore climate change deniers, ready to find ways to balance budgets, build businesses and address environmental issues creatively and productively… and most importantly, not intent on scaring off the majority of voters with rubbish anti-abortion and anti-gay rights rhetoric.

Then and only then would we have a true and viable alternative capable of overthrowing the T2 Gang.

What about your Three Young Disciples? They all seem like very reasonable, intelligent and charismatic young lads. Or even better, what about their wives?

We need serious players to step up to the plate.

#39 Kato on 08.04.21 at 5:50 pm

#6 Blobby on 08.04.21 at 4:41 pm
Also interesting how many people who earn relatively low amount of family income <$200k.. Are against taxing wealthy (do they think they are in that bracket?)

But yet they ARE in favor of raising GST/HST, which would effect them a LOT more (as a pcnt of their income) than the wealthy..

So my take away from this, is that people are a bit dim.
———————

Question didn't state taxing "the wealthy," it said increase personal income tax. And in Canada, "the wealthy" earn less than you think. A household income of $100,000 puts you in the top 10%, as of a few years ago.

#40 ogdoad on 08.04.21 at 5:52 pm

Dissing mainstream without being cool? Like Canada?…all we do is watch…and for the foreseeable future we’ll always be watching from the sidelines.

Plug and play, baby! And keep the money flowing!

Og

#41 Madcat on 08.04.21 at 5:52 pm

@ #13 Big Bucks… “The NDP wants to tackle the affordability crisis in housing ”

The NDP plan: CMHC-backed co-ownership mortgages.

Jagmeet’s solution ot affordability is to give Canadians access to more debt… MORE ACCESS TO DEBT = HIGHER HOME PRICES.

NDP = HIGHER HOME PRICES (A vote for the NDP = A vote for the liberals)
LIBERALS = HIGHER HOME PRICES
CONSERVATIVES = Vague talking points no real plan…

Will vote for Erin O’tool because he has Pierre Poilievre on his team and because the Liberals have managed to screw up the housing market even worse than the cons… Unbelievable…

#42 Trojan House on 08.04.21 at 5:52 pm

Not surprisingly, a lot of one percenters reading your blog Garth.

They used to be like you. – Garth

#43 yorkville renter on 08.04.21 at 5:53 pm

Hey! Just because I don’t own where I live doesn’t mean I’m not an owner! I own R.E., I just don’t live there.

#44 Slim on 08.04.21 at 5:54 pm

FYI:
Under the Fish and Wildlife Conservation Act, it is illegal to let a dog run at large in an area inhabited by deer, moose, elk or bear during the closed season.

#45 Vlad on 08.04.21 at 5:54 pm

21. The West – “protest vote”.

Unfortunately that is true. But I still prefer to call it an “integrity vote”. We know that this election will be a farce, but we still have to do something.
Forget about the “split vote” and don’t choose lesser evil. Cons have long lost their way…

#46 Dolce Vita on 08.04.21 at 5:55 pm

The spread of the delta coronavirus variant has pushed the threshold for herd immunity to well over 80% and potentially approaching 90%…

———-

Long suspected this and commented here in light of Manaus, BR with their variant at near 80% infected even when having been infected with the original Covid.

Add to that Delta has outcompeted the Brazil variant wherever it has gone.

I never believed anyone that said 70% was the herd immunity number but said nothing much about that (I like optimists and hoped their thoughts would create…that worked out well).

But “…well over 80% and potentially approaching 90%”

that burst my bubble this morning here in Italia.

-Honestly, that bites.

——————-

2 years Garth, longer for the rest of Planet Earth’s poor.

#47 Ponzius Pilatus on 08.04.21 at 5:56 pm

Any Party that severely restricts Dual citizenship gets my vote.
Even if it’s The Neo Genghis Khan Party.
Yeah I’m a single issue voter.
That’s how much I despise these leeches.

#48 Dogman01 on 08.04.21 at 6:03 pm

#149 jim tow on 08.04.21 at 1:08 am
Media…what exactly are we being told?
This one:
https://video.foxnews.com/v/6266445045001/
…and this one…
https://www.postdiscus.com/2021/07/six-things-media-got-wrong-about-graves.html

——————————————-

Thanks Jim, great links.

A relentless propaganda campaign. I do not understand “Who Benefits?”

The high probability emerging that Covid was created in a Chinese Lab is monumental. The media was implicit in the initial misdirection campaign and now near zero coverage of the Lab Leak probability.

I suspect the scheduled programming will move from “Covid Emergency” to “Climate Emergency” very soon.

Actual Journalist’s must be vomiting over what their profession is turning into. Goebbels and Edward Bernays would be proud.

#49 Stone on 08.04.21 at 6:05 pm

(6) What is your age range?

29 or under 2.67% (109 votes)

———

Garth, I think you need a Tik Tok channel to supplement the blog (maybe a YouTube channel too). The under 30 crowd is sparsely represented.

Youth are the future (they will be paying for today’s stupidity after all).

#50 Ed on 08.04.21 at 6:06 pm

Had Max not been the recipient of knives in the back the Conservatives would already be in power and looking to re election.

Anyone other than the Tool, Sockboy or Marge Simpson.

Bernier can’t win his own seat. Get real. – Garth

#51 Steve French on 08.04.21 at 6:07 pm

YO Garth:

FRench here. Just wanted to check in and say that I recently crossed $100,000 in investment returns since late 2016. Thanks for all your advice that helped me to cOnstruct a DIY portfolio !

WIth those funds I had money to:
– get married (wedding)
– buy a new car
– afford furniture
– buy baby stuff for our child
– take some family vacations
– have extra funds on hand for other smaller purchases

ANd I still have my portfolio which has now grown to $330,000. avg returns since 2016 is 9 %.

ONe issue – our family is still renting a 2 bedroom apartment. Which makes me a total failure according to some.

ACtually I have nearly given up the idea of buying a detached house. I mean I could…. if I wanted to sacrifice my hard earned Portfolio and all the juicy returns it throws off every 6 m months that helps me to enjoy life.
Plus when I look at the quality of house that you can actually find for $800,000…. it just doesn’t strike me as good value for money.

At age 48… it might just be getting too late to buy?

WEll… that’s the way life goes sometime. no guarantees. But we’d rate take financial security, a nice liquid diversified portfolio, and steady financial returns, andre ted digs over a overpriced house.

We might just stay wealthy renters!

THanks again for your ideas and guidance.

Steve (Smoking Man’s #4 fan)

#52 Don Guillermo on 08.04.21 at 6:12 pm

#37 Boom Town Rat on 08.04.21 at 5:46 pm
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largess from the public treasury.
From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence:
From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to selfishness;
from selfishness to apathy;
from apathy to dependence;
from dependency back again into bondage.
Alexander Tytler 1787-1813
*******************************************
That is awesome. Had to check him out as he seemed a little young for such wisdom. Born in 1747 probably a typo. This Graphical representation of the Tytler cycle illustrates the words nicely. We are probably close to the Point of no return “Dependence – government achieves complete control” bubble.

BTR – Thanks for that.

https://en.wikipedia.org/wiki/Alexander_Fraser_Tytler,_Lord_Woodhouselee#/media/File:Tytler_cycle.png

https://en.wikipedia.org/wiki/Alexander_Fraser_Tytler,_Lord_Woodhouselee#/media/File:Tytler_cycle.png

#53 Sail Away on 08.04.21 at 6:13 pm

#44 Slim on 08.04.21 at 5:54 pm

FYI:
Under the Fish and Wildlife Conservation Act, it is illegal to let a dog run at large in an area inhabited by deer, moose, elk or bear during the closed season.

——–

Hey, listen to this:

https://www.youtube.com/watch?v=wXDvQoiA3cw

#54 Rico on 08.04.21 at 6:18 pm

Canada used to be about winning prosperity when we all become prosperous, not taking money from the poor to feed the rich. We are not, should not, must not behave like our greedy neighbours. You should should feel shame for these poll results.

Our deficit, although required during the pandemic, is a long term problem. There are only a few solutions:
1. cut spending – It needs to happen but won’t any time soon because everyone wants to keep their special interest and are only willing to cut someone else’s special interest.
2. fill tax loopholes. Doctors and Lawyers being able to have their cats as employees for income splitting was patently wrong. There are (likely) thousands of other loopholes used by the rich to evade tax.
3. Increase income taxes. As Garth has pointed out, increasing taxes on the rich is of no value. They are already heavily taxed and are really good at avoiding and evading. Increasing taxes on the bottom 85% only works if their pay is increasing, otherwise it just hurts the economy. Their pay isn’t increasing because of greedy rich folks.
4. Increasing consumption taxes. With our high deficits we need to increase the GST, but this can’t be the primary solution because consumption taxes disproportionately hit poor and working class folks. Talk about rich greed.
5. Real estate investment taxes. Make the exemption more progressive so that it kills the concept of flippers/developers living in a house for a year to avoid paying any tax.

#55 rWZM on 08.04.21 at 6:27 pm

Housing was conspicuously absent from the choice of top election issues that you could choose to prioritize, which mirrors reality.

#56 Damifino on 08.04.21 at 6:27 pm

#6 Blobby

So my take away from this, is that people are a bit dim.
——————————-

One can choose NOT to buy a lot of useless, overpriced consumer crap. That’s equal to choosing not to pay a certain amount of value added tax. But, one can’t choose not to pay tax on income.

Thus, one supporting higher GST can win twice. Income tax doesn’t increase and spending tax might remain about the same, on average (i.e. 5% on more stuff vs 7% on less stuff).

Then you’d be in a better position to contribute more to a TFSA that grows tax free. Sounds like another win.

Of course, it all requires some discipline. That would be the major flaw in the plan for most Canadians.

#57 OwlEyes on 08.04.21 at 6:31 pm

How does mainstream Canada feel about raising the GST as opposed to income taxes? It says to me our unhinged community is more interested in saving than buying. I’d be curious to know how out of step we are with the mainstream…

#58 Doug t on 08.04.21 at 6:31 pm

Since the pace at which this country is rotting continues to accelerate, might as well put the NDP in charge and and just get it over with

#59 Planetgoofy on 08.04.21 at 6:32 pm

#20 Guy in Calgary on 08.04.21 at 5:15 pm
Honestly after reading a lot of it, the PPC party does not seem as unhinged as people would leave you to believe. Other then their lack of acknowledging global warming, their platform is pretty reasonable
—————–
A few years ago i read their platform and all i saw was that we had bigger immediate problems than global warming.
While China burns MEGA coal and polutes like no other if Canada shut down tommorow it wouldnt even move the dam needle. Thats a fact.
Been to Asia….Manila and others Garbage floating into the ocean and all makes us look as pure as the driven snow.
But we #1 on getting slammed with the carbon tax scam.
More taxes please…

#60 canuck on 08.04.21 at 6:33 pm

#51 Steve French on 08.04.21 at 6:07 pm

At age 48… it might just be getting too late to buy?
_____________________________________________

At 48, it’s getting to late to have babies. You’ll be a senior citizen when your kid graduates high school.

#61 Spartacus on 08.04.21 at 6:36 pm

#37 Boom Town Rat

Are we at selfishness, apathy or dependence?

#62 Dogman01 on 08.04.21 at 6:36 pm

#52 Don Guillermo on 08.04.21 at 6:12 pm
#37 Boom Town Rat on 08.04.21 at 5:46 pm

———————————————-
In other words:

Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” G. Michael Hopf

“I must study Politicks and War that my sons may have liberty to study Mathematicks and Philosophy. My sons ought to study Mathematicks and Philosophy, Geography, natural History and Naval Architecture, navigation, Commerce and Agriculture, in order to give their Children a right to study Painting, Poetry, Musick, Architecture, Statuary, Tapestry and Porcelaine.” – John Adams

#63 Jaff on 08.04.21 at 6:37 pm

Delta variant doubling B.C. COVID cases every 7 to 10 days at present.

#64 ImGonnaBeSick on 08.04.21 at 6:37 pm

#37 Boom Town Rat on 08.04.21 at 5:46 pm
—–

“The average lifespan of those surveyed was 336 years, but some of the longest-lived civilizations were the Vedics, Olmecs, Kushites, and the Aksumites…they each lasted about 1000 years or more.”

https://www.bbc.com/future/article/20190218-the-lifespans-of-ancient-civilisations-compared?ocid=global_future_rss

#65 NOSTRADAMUS on 08.04.21 at 6:43 pm

SIXTEEN TONS.
The debt disabled are much like the banjo player in the movie Deliverance, picking away on the bridge while the Bankers are circling below. Only this time, for the overindebted, the challenged lad is singing a new version of the old Tennessee Ernie Ford song,
SIXTEEN TONS
Some people say a man is made outta mud
A poor man’s made outta muscle and blood
Muscle and blood and skin and bone
A mind that’s a weak and a back that’s strong

You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don’t you call me cause I can’t go
I owe my soul to” The GUVER MINT STORE”.

I suspect, before long, the C.R.A. in tandem with the banking cartel will all be humming the new version of
Sixteen Tons. I am on my throne and I will not step down.

#66 Dogman01 on 08.04.21 at 6:45 pm

#47 Ponzius Pilatus on 08.04.21 at 5:56 pm
Any Party that severely restricts Dual citizenship gets my vote.
Even if it’s The Neo Genghis Khan Party.
Yeah I’m a single issue voter.
That’s how much I despise these leeches.

———————————-
That is Interesting, I think I agree, does not seem a good deal to actual citizens that a portion of us can join another team if the going gets rough.

A Pig and a Chicken are walking down the road.
The Chicken says: “Hey Pig, I was thinking we should open a restaurant!”
Pig replies: “Hm, maybe, what would we call it?”
The Chicken responds: “How about ‘ham-n-eggs’?”
The Pig thinks for a moment and says: “No thanks. I’d be committed, but you’d only be involved.”

I imagine they choose their tax jurisdiction but it has little relation to the jurisdiction of the service they access.
Only a Post national state legal fiction that lacks values and principles would allow this.

#67 Dolce Vita on 08.04.21 at 6:50 pm

Long and the short of this Comment is, regarding the price of Covid vax doses, the European Union knows a Gift Horse when it sees it and it is called:

CANADA.

———————-

What prompted me to look into this was 2 fold:

1. Global News (a.k.a., Liberal Party Press Corps, Spin Doctors) article where they felt sorry for the EU paying more for Pfizer vax.

https://globalnews.ca/news/8077741/pfizer-and-moderna-price-hike-covid-vaccines-in-eu/

EU price going up to CDN $29 this month from CDN $23 since last year

2. Canada #1 in vaxing using EU vax ahead of runners-up Spain, UK, Italy, France, Germany in that order, all European.

WTF?

Vaxing around for awhile so if you cheer that, cheer for electricity and the radio.

———–

Did some digging and low and behold, you guessed it, Canada paying a MUCHO premium for vax. Probably why the EU is sending it all to Canada instead of itself (RE: Gift Horse).

Dec 2020 price, rush order: $37.74/dose
Jan 2021 price: $34.52/dose
April Budget cost approx: $9 billion for 250M doses, or $36/dose.

$36/dose is a TWENTY FOUR% premium over the higher EU price and a FIFTY SIX% premium vs. the old EU price.

https://www.ctvnews.ca/health/coronavirus/canada-paid-a-premium-to-get-doses-from-pfizer-earlier-than-planned-1.5467958
https://www.ctvnews.ca/health/coronavirus/canada-spent-24m-on-covid-19-vaccines-received-in-january-statcan-1.5335083

—–

You just have to love Liberal Minister Anand’s superior procurement price negotiation skills & Daddy Warbucks Justin’s money printing mill.

Why you’re #1 Canada and the EU loves you for it (all the way to the Bank).

Grazie e baci d’Italia (our GDP needs it – yes, our vax* to Canada too, not just Belgium)

*https://www5.statcan.gc.ca/cimt-cicm/topNCountries-pays?lang=eng&getSectionId()=0&dataTransformation=0&refYr=2020&refMonth=12&freq=6&countryId=0&getUsaState()=0&provId=1&retrieve=Retrieve&country=null&tradeType=3&topNDefault=10&monthStr=null&chapterId=30&arrayId=0&sectionLabel=&scaleValue=0&scaleQuantity=5&commodityId=300220

#68 the Jaguar on 08.04.21 at 6:50 pm

55.33% were ‘Sturdy Conservatives”. Go figure.

I wouldn’t bet the farm on a Liberal victory. There’s a lot of seething anger out there.

What the country really needs is electoral seat reform.
And another scandal to break on T2 just as people are weighing their vote. Lord knows he’s up to the task.

Just could be that two of the top three life rules could come into play.
-Anything is possible.
-You never know what might happen.

#69 Ponzius Pilatus on 08.04.21 at 6:51 pm

#52 Donnie G.
Well, I find this fishy, too.
The French Revolution started 1789.
After that we had the true first (modern) Democracy.
So, he had a very small sample size to make such a grand statement.
And he was also too young.
He may have studied Hegel.
In any case, it’s not very earth shattering.
History goes in circles.
Wide ties will be in fashion soon again.

#70 crowdedelevatorfartz on 08.04.21 at 7:00 pm

@#42 old Trojan
“Not surprisingly, a lot of one percenters reading your blog Garth.

They used to be like you. – Garth”

++++

bwahahahaha
Thats it.
Hate the people with money.
It may make you feel better.
But it wont make you money.
Work smart, not hard.

#71 crowdedelevatorfartz on 08.04.21 at 7:03 pm

@#59 canuck
“At 48, it’s getting to late to have babies. You’ll be a senior citizen when your kid graduates high school.”

++++

Errrr. He was talking about buying a house…. not a child.

Besides.
48 is the new 38 because 65 will mean 10 more years of work and taxes til 75.

#72 [email protected] on 08.04.21 at 7:06 pm

#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm
How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

Something on the order of 1.4x more than ~$40 billion.
https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html
Assuming you restore the GST to 7% that’s something like an additional $16 billion. Not much.

#73 crowdedelevatorfartz on 08.04.21 at 7:09 pm

@#23 Political ponzie Pushes People Past the Post
“Almost 2300 would vote for the Cons.
Why don’t you guys form the URGFP (ULTRA RIGHT GREATER FOOL PARTY) and get Maxi as your leader.
You could be the spoiler.”

++++

Nice try….Liberal.

You know Mad Max is a wasted vote for anyone that wants T2 outta here.
Vote PC and beat down the Liberal in that riding.
Dont split your anti Liberal vote with a Mad Max fling.

#74 CJohnC on 08.04.21 at 7:11 pm

Thoughts from Bloomberg

The year is 2025. The Covid pandemic is in its 16th wave. We left the Greek alphabet behind long ago and now name variants like tropical storms. Variant Irene, now sweeping the U.S. East Coast, has evolved to hire lawyers and open small delis, what epidemiologists call “going legit.” Victims grow pigs’ ears and can speak only in Korean boy band lyrics.

#75 Graeme on 08.04.21 at 7:12 pm

Well it’s good to see I fit in somewhere!!
Mad Max HECK YEAH!!! (But conservatives need to win)
A shame the milk hit job on MM trashed his nomination.
I get teary eyed thinking about the possibilities.

#76 Keith on 08.04.21 at 7:12 pm

Conservatives 55 percent.
Erin O’Toole 36 percent.

Before the poll, Garth called a Liberal majority. Now you know why.

#77 Interest rates are so low they are destroying our country on 08.04.21 at 7:17 pm

Every 1% point increase in the GST/HST would bring in $12 billion a year for the federal government. So your answer is $24 billion a year for 2% point increase in the GST/HST.

The real tragedy here is the real tool to limit debt financing in the first place. It is called interest rates and if we had inflation+2% point on top of that which has most throughout history we would have 5% or higher interest rates. This would mean an extra $35 billion or more a year just in interest payments and would put a damper already for years to increase this federal and other government debts in the first place.

#78 NSNG on 08.04.21 at 7:17 pm

No one expected Doug Ford to win, especially not the smug Ontario lefties. I can see Ontario doing the odd-duck move again and deciding this thing. T2 is a classic Wynne-type liberal and they may do the same to him they did to Wynne’s government after tolerating her fiscal lunacy until they didn’t.

Ford didn’t live up to his hype but that doesn’t mean Ontario will hang that on O’Toole. O’Toole won the leadership because he is good at the podium. The debates will be key and Canada is looking for a new “boyfriend”.

#79 Sail Away on 08.04.21 at 7:24 pm

#47 Ponzius Pilatus on 08.04.21 at 5:56 pm

Any Party that severely restricts Dual citizenship gets my vote.
Even if it’s The Neo Genghis Khan Party.
Yeah I’m a single issue voter.
That’s how much I despise these leeches.

——–

But some of us provide many jobs and pay lots of taxes. Isn’t that a benefit?

#80 Don't be surprised on 08.04.21 at 7:26 pm

Trudeau, Freeland Liberals have the funding for 5 million mail in ballots for the coming election. This is more than 10 times in the past. You know what that means. Votes that should not be counted will be.

#81 Out Of Work CEO, Will Travel on 08.04.21 at 7:31 pm

Garth did not “meditate” on the elephant in the room: nepotism so not to undermine this truly excellent blog allow me a small paragraph. All seven children my poor mother gave birth to between 1942 and 1960 including myself would be very poor candidates for Prime-Minister of Canada. Starting at the top or number 7 as usual the oldest is way too conservative and prefers to keep her cards close to her chest. Then Number 6 is a bad one as she has a large opinion of herself not unlike our very own Prime-Minister. We have to skip over Number 5 after a bad motorcycle crash and aftereffects. Number 4 would be perfect if he were not such a clone of now retired President Trump. I exclude myself due to modesty and a humble nature. Number 2 is a marble champion but you can’t translate that to Parliament. Number 1 is the baby of the family and is as close to a clone of “Chrystia” with the same minimal training in finance. I could never vote for any close members of my family to be the Prime-Minister.

#82 Parsonage on 08.04.21 at 7:32 pm

Driving passed the home of a dyed-in-the-wool NDP supporter this afternoon we saw a 4′ x 4′ orange lawn sign in the carport that was not there yesterday. Something is (almost) up.

#83 Flop... on 08.04.21 at 7:38 pm

#47 Ponzius Pilatus on 08.04.21 at 5:56 pm

Any Party that severely restricts Dual citizenship gets my vote.
Even if it’s The Neo Genghis Khan Party.
Yeah I’m a single issue voter.
That’s how much I despise these leeches.

////////////////////////////////

It’s always good to see what the flowering cactuses of the comments section are thinking…

M47BC

#84 You mortgaged your kids future Liberals on 08.04.21 at 7:39 pm

A 2% point increase in the GST/HST will be $24 billion a year in extra tax revenue for the federal government. The real problem is the 6% interest rate they should be paying on the debt not the low rate now, under 2%, maybe 1.8% the highest. If rates were near that real level it would add minimum $45 to $50 billion more just interest initially but compounding over time closer to $75 to $100 billion with no new spending.

#85 Don Guillermo on 08.04.21 at 7:45 pm

#71 [email protected] on 08.04.21 at 7:06 pm
#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm
How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

Something on the order of 1.4x more than ~$40 billion.
https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html
Assuming you restore the GST to 7% that’s something like an additional $16 billion. Not much.
************************************
It’s amusing that since 2015 Canadians think of $16B as chump change. Before 2015 $16 oranges juice was scandalous.

#86 Hass say yhoo on 08.04.21 at 7:46 pm

#38 “old people got money so I think the Liberal government wil get a majority”. You think so well….first of all 1500 dollars does not even pay for a visit to the dentist. And second “old people” were totally forgotten by the government during this pandemic. And third, “ old people” as you so eloquently put it, are much more informed than you give them credit. Most of all, you obviously do not know much about “ old people”. Do you happen to have a family member that is “old”?

#87 ImGonnaBeSick on 08.04.21 at 7:48 pm

#71 [email protected] on 08.04.21 at 7:06 pm
#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm
How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

Something on the order of 1.4x more than ~$40 billion.
https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html
Assuming you restore the GST to 7% that’s something like an additional $16 billion. Not much

—-

Well I don’t know.. $16B pays a 5% interest rate on $320B debt.. I believe there would be diminishing returns as it goes up however. Also, there are already G/HST credits for lower income earners and none on foods… So the disproportionate to lower income earners is a bit of manipulative stats play… Just like how females earn 73% as men… Just as BC covid rates have “doubled”… All true based on what information you include and what you conveniently don’t…

#88 Hass say yhoo on 08.04.21 at 7:50 pm

#38 should be #32

#89 ImGonnaBeSick on 08.04.21 at 7:52 pm

#75 Keith on 08.04.21 at 7:12 pm
Conservatives 55 percent.
Erin O’Toole 36 percent.

Before the poll, Garth called a Liberal majority. Now you know why.

—-

Only the liberals and Americans for the “leader” of the party… And I guess the people in Durham…

#90 Steve French on 08.04.21 at 8:03 pm

#51 Steve French on 08.04.21 at 6:07 pm

At age 48… it might just be getting too late to buy?
_____________________________________________

#59 canuck on 08.04.21 at 6:33 pm
At 48, it’s getting to late to have babies. You’ll be a senior citizen when your kid graduates high school.

———–

True, but the young whippersnapper keeps you on your toes.

The other benefit of investing and renting as opposed to gambling it all against an overpriced detached house, is that wifey feels less pressure to return to work and we have financial flexibility. Got her a gym membership that offers childcare while you work out.

Or we could buy a $1.3 million property, stretch ourselves to the max, both be pulling out our hair in stress which results in us retreating into a hazy alcohol induced haze, while eating from the food bank.

#91 TheDon on 08.04.21 at 8:18 pm

DELETED

#92 BillyBob on 08.04.21 at 8:23 pm

#47 Ponzius Pilatus on 08.04.21 at 5:56 pm
Any Party that severely restricts Dual citizenship gets my vote.
Even if it’s The Neo Genghis Khan Party.
Yeah I’m a single issue voter.
That’s how much I despise these leeches.

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

hahah! Just sour grapes from someone whose country of birth doesn’t allow it. Too bad, so sad. I’ll send you a postcard from Vienna. You chose to emigrate to Canada because it’s “the best”, remember?

It amuses me that you’re quite happy to enjoy the benefits of globalization, flatter yourself a “cosmopolitan”, and idolize a political leader who openly described Canada as a post-national state.

“Hypocrite” may be a bit strong, but “inconsistent” certainly fits.

A reminder: it was Trudeau who restored my right as an expat to vote even though I don’t live there. So, thanks Ponzie! I’ll be waiting for my overseas ballot shortly, appreciate it.

#93 ElGatoNerodeYVR on 08.04.21 at 8:27 pm

#65 Dogman01 on 08.04.21 at 6:45 pm
#47 Ponzius Pilatus on 08.04.21 at 5:56 pm
Any Party that severely restricts Dual citizenship gets my vote.
Even if it’s The Neo Genghis Khan Party.
Yeah I’m a single issue voter.
That’s how much I despise these leeches.

———————————-
That is Interesting, I think I agree, does not seem a good deal to actual citizens that a portion of us can join another team if the going gets rough.
============
Calling someone a leech with no good reason is disgusting and you should be banned.
What you don’t seem to realize is that you get taxed according to residence.
As a Canadian citizen residing in Canada one pays Canadian taxes.
Any moving out is subject to the exit tax which assumes you liquidate everything at market value.
You also have to declare any assets over 100K yearly and there is this little thing called tax information sharing agreement with a lot of countries.
Not saying abuse doesn’t happen but to blatantly throw in everyone in the same boat is concerning as an opinion ,people have lots of reasons to keep both citizenships and it has nothing to do with commitment to being a Canadian.
Either way a sad way to look at the world you live in if you assume bad intentions from the start from those that are different than you.
Self-reflection is good for everyone now and then .

#94 Nonplused on 08.04.21 at 8:29 pm

#6 Blobby on 08.04.21 at 4:41 pm
Also interesting how many people who earn relatively low amount of family income <$200k.. Are against taxing wealthy (do they think they are in that bracket?)

—————————————

Hmmm, I thought the question was

"9) Do you support higher personal income taxes to reduce the deficit?"

Didn't see anything about taxing the wealthy in the question, other than that they would also face higher taxes.

Income tax creep at the federal level starts at $48,535 a year. At 150,473 you are at 29%. The highest tax level starting at $214,386 is 33%. This does not include provincial taxes which can push the total rate over 50% per year.

So unless they are only going to raise taxes on the "wealthy" (those arbitrarily making more than $214, 386 per year), which was not specified in the question, I think we can assume all income taxes would be going up. That is the way the question is worded.

And they would have to, because according to question 8 only 31% of Garth's readers have any income in the top bracket and only 6% of them have the majority of their income their. And let's remember that the average income of Garth's readers is likely well above that of the average Canadian.

Raising taxes on the "wealthy" at this point is merely a symbolic gesture. To raise any real money they would have to raise taxes on everybody.

#95 Father's Daughter on 08.04.21 at 8:33 pm

#38 Cici on 08.04.21 at 5:46 pm
Wow Garth, that poll was actually very revealing.

Imagine if we had a real Progressive Conservative party, one that was fiscally responsible, not comprised of hardcore climate change deniers, ready to find ways to balance budgets, build businesses and address environmental issues creatively and productively… and most importantly, not intent on scaring off the majority of voters with rubbish anti-abortion and anti-gay rights rhetoric.

Then and only then would we have a true and viable alternative capable of overthrowing the T2 Gang.

What about your Three Young Disciples? They all seem like very reasonable, intelligent and charismatic young lads. Or even better, what about their wives?

We need serious players to step up to the plate.

——————————————————————

Agree completely. Great idea. Although honestly, who can blame people for not wanting the job..especially now. It’s a real mess to start cleaning up. It’s also pretty hard to have a perfectly clean past slate for people to not dig up either. God forbid you did something regrettable 20 years ago.

#96 Nonplused on 08.04.21 at 8:34 pm

#22 Ballingsford on 08.04.21 at 5:19 pm
#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm
How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

********
Every 1%, up or down, is $5 billion. Yes, a drop in the bucket.

——————————–

If so, then how much can tinkering with income taxes possibly bring in? Remember GST taxes everybody whereas income taxes only apply to about 40% of us.

We are at peak tax. The deficit as it currently stands is well beyond any repair through additional taxation.

#97 45north on 08.04.21 at 8:38 pm

So over four thousand people voted in our poll yesterday. The Cons ‘won’ by a landslide and “None of the Above” came in third, after the guy who will probably get his majority. Other notable results: the deficit is your big worry (proud of you); the greatest number of voters are 30 to 49; two-thirds make between $100,00 and $300,000 a year; you diss more personal taxes but support a higher sales tax to attack the deficit; and weird Max Bernier edges out Jagmeet in the popularity contest. More evidence that our little society here has become unhinged from mainstream Canada.

Joel Kotkin says that a new clerical elite has come to dominate society. You have allowed them to dominate you. What’s wrong with the four thousand people who voted in the poll yesterday? They have experience and resolve which doesn’t fit the narrative of the new elite. Believe in yourself.

#98 crowdedelevatorfartz on 08.04.21 at 8:39 pm

@#80 Flop
“It’s always good to see what the flowering cactuses of the comments section are thinking…”

+++

I’d say, judging from Ponzies lemon sucking comments…..he sat on the flowering cactus.

#99 crowdedelevatorfartz on 08.04.21 at 8:42 pm

@#76 NSNG
“The debates will be key and Canada is looking for a new “boyfriend”.”

+++

Do you really expect Buttz to allow “Script Boy” to “wing it” in a debate?

A 30 day election….leaves very very very little room for debates.

#100 FriedEggs on 08.04.21 at 8:53 pm

‘Voting’ – heads they win, tails we lose

#101 ADAM on 08.04.21 at 8:59 pm

Garth repeatedly says this recovery is longer than anyone expected…

Not so in this comment section, which has been remarkably prescient.

#102 Dogman01 on 08.04.21 at 9:08 pm

#90 ElGatoNerodeYVR on 08.04.21 at 8:27 pm

I assume you have dual citizenship?

LMK when you do a stint in Canada’s military.

At that point I will acknowledge a moral right to Citizenship in Canada and the right to vote.

Is Canada just a bolt-hole you can flee too when things go wrong at “home”?

There are some games you have to be “all in” to play. Citizenship should be one of them.

#103 Ponzius Pilatus on 08.04.21 at 9:08 pm

The whole is burning.
We have two choices:
Let it burn, and balance our budget?
Or spend billions (in Canada) and Trillions (world wide) to fight them, and go deeper into debt?
For me the choice is clear.
There is not enough space on Musks toy rocket to get us all out alive.

#104 Bob Dog on 08.04.21 at 9:26 pm

DELETED

#105 TrueLies on 08.04.21 at 9:36 pm

#62 Jaff on 08.04.21 at 6:37 pm

Delta variant doubling B.C. COVID cases every 7 to 10 days at present.

——-

They must be ramping up the Ct on the PCR again! LOL

#106 Prairieboy43 on 08.04.21 at 9:43 pm

Surprise is coming to Canada .
PB43

#107 Blobby on 08.04.21 at 9:47 pm

#27 Ken R : (quote) “The question was over family income, not family assets. A good number of the respondents could have sizable assets, but draw a modest income from them. Not dim at all.”

IF you draw a modest income from them, that’s income..

#91 Nonplused : If you are earning over $200k and paying full tax, you’re doing it wrong

#108 Quintilian on 08.04.21 at 9:47 pm

Not surprised at the results of the echo chamber.
Typical spreadsheet nerds.
They can calculate the cost of everything and the value of nothing.

Typical conservatives

#109 KLNR on 08.04.21 at 10:02 pm

I’ll be voting mad max.
as will a lot of voters most likely.

Music to T2’s ears. – Garth

#110 Never say never on 08.04.21 at 10:30 pm

#3 Blobby on 08.04.21 at 4:37 pm
Maxime? Seriously?!!?

I guess no matter where you live in the world – gaining headlines works no matter what.

Hard to get a headline saying “I took a vaccine”, very easy to get a headline saying something totally abhorrent or stupid. And the more headlines a politician gets saying dumb things, seemingly the more traction they get amongst voters.

Worked for trump, boris, farage, etc etc.

It’d be tragic if it weren’t so predictable.

________________________________________

You are conspicuous by his (Trudeau’s) absence … on your list of misfits.

#111 Blobby the Blobster on 08.04.21 at 10:37 pm

It would appear that the Blobby the Blobster has had a new one ripped for him here on the blog. I guess that’s what happens when you hit the bottle early in the day and then put your feet in your mouth!

Perhaps we should implement limits on how many times someone like Blobby can post each day. Really, that had to have hurt! LOL

#112 Marcia M on 08.04.21 at 10:38 pm

Thank you once again for publishing such revealing poll results about the readership here.

Let me reiterate the comment I made a month ago, Mr. Turner (which made you angry, apparently):

“Sorry, Mr. Turner, but your recent blogs on this topic and the huge wave of one-sided reader comments here today demonstrate just how much this blog can become an alt-right, mostly white, male-dominated, class-privileged echo-chamber when it comes to social issues.”

Your poll results today powerfully underscore how your readership, at least in terms of commenters, is astonishingly out of touch with mainstream Canadian reality.

The commenters here, and likely the readership overall, is apparently filled with people who would vote for Erin or Max, in spite of their demonstrable stupidity and lagging ranking and performance in all other polls.

Are your readers/commenters therefore outliers? Absolutely, in terms of what most Canadians actually think about the same questions you posed.

The readership skew here is so profoundly in favour of an extreme conservative, pro-establishment white male ethos as to be almost a parody of anything pretending to be other than that.

That does not diminish the value of the financial suggestions you personally provide.

But what a starkly revealing echo chamber this comments section has proven to be.

#113 Barb on 08.04.21 at 10:40 pm

#72
“Vote PC and beat down the Liberal in that riding.
Dont split your anti Liberal vote with a Mad Max fling.”

——————
Exactly.
The only–yes the ONLY–way to see T2’s tail lights is to pretend Canada is a 2-party system. Vote O’Toole.

And the gopher digging a hole in my backyard has more appeal than Jagmeet.

Thimk, folks, thimk!

#114 Michael in-north-york on 08.04.21 at 10:41 pm

#6 Blobby on 08.04.21 at 4:41 pm

Also interesting how many people who earn relatively low amount of family income <$200k.. Are against taxing wealthy (do they think they are in that bracket?)

But yet they ARE in favor of raising GST/HST, which would effect them a LOT more (as a pcnt of their income) than the wealthy..

So my take away from this, is that people are a bit dim.
===

I am in favor of raising taxes to curb the deficit. Either the personal income tax or the sales tax, whichever works.

But I am against the idea of taxing the rich more than they are taxed now, even though that wouldn't affect me. Not because I am very dim.

I just know how the human systems work. Setting a higher tax rate for the very rich won't actually bring in more revenues, but will give the irresponsible far-left an excuse to advocate for even greater government spendings.

#115 Deer me on 08.04.21 at 10:41 pm

#16 Kurt on 08.04.21 at 5:05 pm

“She’s not much of a hunter” – how many other people noticed the deer in the background?

_____________________________________

Probably everyone but you, Kurt … probably everyone but you!

#116 Franco on 08.04.21 at 10:48 pm

Covid has changed a lot of things and normal seems ancient. Covid is here to stay, let’s just hope that the Delta variant is the worst or we will be in big trouble. Most of the world has yet to receive one dose of the vaccination and God only knows what is coming next. If things do get worse, governments all over the world will take a different approach and personal freedoms will be a thing of the past.

#117 Michael in-north-york on 08.04.21 at 10:48 pm

#108 Quintilian on 08.04.21 at 9:47 pm

Not surprised at the results of the echo chamber.
Typical spreadsheet nerds.
They can calculate the cost of everything and the value of nothing.

Typical conservatives
===

If we end up with hyperinflation, and the cost of one loaf of bread plus one litre of milk becomes equal to your two weeks pay, you might start appreciating the value of being somewhat numerate.

#118 crowdedelevatorfartz on 08.04.21 at 10:56 pm

@#113 Barb
“And the gopher digging a hole in my backyard has more appeal than Jagmeet.”

++++

Classic.
At least the gopher won’t tell you your grandkids should pay to fix the holes…..

#119 crowdedelevatorfartz on 08.04.21 at 11:00 pm

@#109 KLNR
“I’ll be voting mad max.
as will a lot of voters most likely.”

++++
Alas, a waste of time.
Like Trudeau and speech therapy.

#120 crowdedelevatorfartz on 08.04.21 at 11:03 pm

@#106PB43
“Surprise is coming to Canada ”

+++
A balanced budget in 2049?

#121 DON on 08.04.21 at 11:03 pm

Anything can happen in an election where the vast majority vote based on the six week horse race. Housing affordability is old news…yes Covid inflated but free money supports given out due to Covid will trump housing affordability. Vaccinations successes will be the theme like Garth has stated. It all depends how the Liberals start to frame the election. Thus far the money support is still flowing and the debts matter less as ‘everyone’ has big debt. It is all about what the main herd of humans are thinking. In short Covid is a good cover for Trudeau at this point in time…hence the time for the Libs to strike prior to the Lambda variant???

#122 Idiocy on 08.04.21 at 11:22 pm

At this point, it really does not matter who wins the next election.

1) The so called ‘leadership’ of each major party is too incompetent to deal with Canad’s issues.

2) The bureaucratic matrix the elected will be ‘in charge of’ is self serving, overpaid , spendthrift, incompetent and entrenched.

3) The structural deficits, immigation policies and land use policies extant combined with low interest rates and carbon taxes will ensure significant inflation and higher taxation.

4) There is no public appetite to change anything if there is a personal sacrifice attached to that change.

5) Canadian productivity is poor and its costs of doing business will prohibit major foreign investment in productive projects.

etc., etc., etc.

In short, Canada’s ship will continue to spiral downwards, regardless of who is the captain.

#123 Nonplused on 08.04.21 at 11:46 pm

#107 Blobby on 08.04.21 at 9:47 pm

#91 Nonplused : If you are earning over $200k and paying full tax, you’re doing it wrong

——————————-

??? I can understand that most probably everyone endeavors to to pay the least amount of tax they are obligated to, and even RevCan will send you a refund without being asked if they calculate you paid too much. So I don’t understand what you mean. Are you suggesting everyone earning more than $200,000 / year is a tax cheat? How are they all getting away with it?

I guess there is a long discussion that could be had about which deductions are appropriate and which should be eliminated, but doctors are not “paying their cats” as one commenter suggested.

In fact, I would suggest doctors are more likely than waiters to file a complete and honest tax return, for 2 reasons: First is that most of them are using an accountant who does not want to lose his professional license, so he/she will only claim those things he/she knows will be approved, and second because it is a lot more productive for the auditors at RevCan to go after big money accounts than someone who didn’t declare all their cash tips.

There are a lot more people trying to pay cash to get their plumbing fixed so they can avoid the GST than there are high level frauds being committed by doctors. Like all crime, it occurs most where it is least policed.

And a professional services corp. like that used by most doctors and accountants doesn’t really have the same sort of tax breaks that say a small business has. The government was wise to that years ago.

Of course people will say “but Bezos!” Bezos pays his taxes, but Robinhood traders driving up the last settle on his Amazon stock is not a taxable event. Of course when he dies or sells he will pay taxes. But the social warriors can’t wait that long for justice.

Meanwhile the family farm is getting caught up in the same capital gains taxes and that is why it is disappearing. Farmers can’t afford to die anymore, because their children cannot pay the tax bill, so the farm must be sold. Along comes corporate farming to buy it all up.

Don’t you see what’s happening? Taxing the “rich” has over time driven all the assets out of modestly wealthy working people and into the hands of the big corporations, because they don’t sell and thus don’t pay capital gains.

This will happen if and when they decide to tax capital gains on primary residences as well. A policy meant to punish anyone who happened to pay off a house out of jealousy is going to be a boon to companies like Blackrock. See, for a lot of people the inheritance they get from their parents, which mostly comes from capital gains on their house, is the difference between owning their own house or forever being a slave to the bank. Don’t you see it? Taxing primary residences means less money for your kids to compete with Blackrock for the residential stock, so Blackrock can buy it all up and turn them into rentals. And they never sell or pay capital gains. They just refinance and use the money to buy even more properties.

“You will own nothing and be happy.” Ya, we will own nothing (but I don’t know about being happy). But it will be our own doing because we were so busy making sure our neighbor didn’t own even a small amount more than we did that we forgot it is one law for everybody, including you & me.

#124 Ponzius Pilatus on 08.04.21 at 11:52 pm

Australia spending some serious money on reconciliation

https://www.richmond-news.com/the-mix/australia-to-spend-813m-to-address-indigenous-disadvantage-4194528

#125 Nonplused on 08.04.21 at 11:55 pm

#87 ImGonnaBeSick on 08.04.21 at 7:48 pm
#71 [email protected] on 08.04.21 at 7:06 pm
#14 Classical Liberal Millennial on 08.04.21 at 5:05 pm
How much revenue would a 2% hike in GST bring in? Seems like it would be a drop in the bucket compared to the billions we’re spending now.

Something on the order of 1.4x more than ~$40 billion.
https://www.canada.ca/en/department-finance/services/publications/annual-financial-report/2019/report.html
Assuming you restore the GST to 7% that’s something like an additional $16 billion. Not much

—-

Well I don’t know.. $16B pays a 5% interest rate on $320B debt.. I believe there would be diminishing returns as it goes up however. Also, there are already G/HST credits for lower income earners and none on foods… So the disproportionate to lower income earners is a bit of manipulative stats play… Just like how females earn 73% as men… Just as BC covid rates have “doubled”… All true based on what information you include and what you conveniently don’t…

———————————————-

So, are you advocating raising the debt by $320 billion and the GST by 2%, per year??? Ten years from now the GST would be 25% and the debt some number I can’t calculate without a scientific calculator. 8 digits won’t do. Who was the shortsighted engineer who only put 8 digits on a calculator?

#126 IHCTD9 on 08.05.21 at 12:26 am

As a knuckle dragger, my #1 concern is the future prosperity of Canadians. My immigrant parents did well in the 70-90’s, and today are retired with little complaint. Nice house, nice lot, epic veggie garden. Never got rich, but still achieved the “Canadian dream”, and it brings a smile to my face every time I think about it.

Today, I still smile – while I’m LOL’ing at the current chances of youth and new Canucks doing as well as my parents did. 30%+ RE yoy increases in the sticks on top of already insane prices, and TRILLIONS worth of debt now piled on top of it all. Trudeau has pile driven anyone under 35 into the dirt. There is no fix anymore, it’s just too much.

Everyone loves handouts, but no one wants to think about the repercussions. Eventually, immigration into Canada will begin to suffer. Biden in all likelihood will finally make things easier for new Americans to get Citizenship eventually. At that point, we’re going to have a big problem. In the US, they can earn way more, pay way less tax, pay under 300k for a house, and like 90% of all jobs come with health insurance. It’s NO CONTEST, and we’re not interested in the baby thing here anymore. 86%+ of our population growth comes from immigration.

I’m happy to see a lot of dogs here have great incomes, because you will be one of the few Canadians with options. Post-Trudeau Canada is one where debt blows sky high with zero plans to manage it. He will keep at it, because evidently that’s what we all want. The poor will increase, the educated will leave, the wealthy blog dogs will laugh.

Thanks for nothing Liberals.

#127 DON on 08.05.21 at 12:33 am

https://www.reuters.com/world/lack-strong-rival-may-hurt-canadas-trudeau-election-2021-08-04/

This is an interesting read.

The NDP leader is more favourable according to the poll. This could get interesting he brings housing affordability up…sweeping up those adversely affected. Future elections will be interesting.

This will be interesting…

If I were the backroom liberal strategists I would go all in on the Cons = Trump. Create the idea of a strong Trumpian like rival. And come out with anti con ad with Harper in the background. I won’t go on…

#128 mike from mtl on 08.05.21 at 12:41 am

#35 Dolce Vita on 08.04.21 at 5:43 pm

If traveling to Italia Sept, Green Pass needed for planes and trains. Decree out today by Gov Italia.
/////////////////////////////////////////////////////

Very big coincidence how globally September these so-called “passports” become magically enshrined in law. Almost like a secret agreement was reached, but “you” little people are subject to? Amazing coincidence is it not? You can shove them right up your backside.

I will never step foot in the EU, Aus/NZ or any other idiot nation that is on board with this stupidity. 1,5 going on 2 years of going against more than two centuries of knowledge this Covid19 has no end. Travel even within your own land as known prior to 2019 is done.

Enjoy the summer of uneasy suckage, Winter 21-22 will be even worse I have this ugly feeling; Winter 20-21 was terrible with nothing to show but hey can’t change the programme. Covid is the gift that keeps on giving to the wannabe dictators – goalposts no end.

How do you enforce this… seriously? Have paid government goons at every business’ door scanning QR of everyone entering a Bar, Restaurant, Office, show, gallery, event, metro station, train, stadium, airport, cruse, boat, parade, demonstration, and so on. Or just randomly target/ticket/jail the non-compliant? You see just how insane that sounds and in the end solves nothing? Garth and a surprising lot seemingly is in favour for some reason but please do explain how this will resolve anything? We’re supposed to already filter all non-essential, quarantine the ‘dirty ones’ plus non-vaccinated today which last I checked does not make any difference. What about those who went along 100% with the story but got AZ/mixed or a ‘lessor’ vaccine, apparently in your logic you’re dirty filth subject to imprisonment. Why would even a ‘clean’ American visit here?

I’d be extremely surprised if WFH for the drones does not continue well into this decade. Saying WFW returns at some point in the future and actually doing full-time WFW are two different things.

Heaven help the public transport, Airlines and related ground-floor economy – you’re done.

#129 IHCTD9 on 08.05.21 at 12:45 am

#112 Marcia M on 08.04.21 at 10:38 pm
Thank you once again for publishing such revealing poll results about the readership here.

Hey Marcia, I got a question for you. How much total public debt would it take to get you worried? Another poster here is also struggling quite a bit with this question. Maybe you and Quin can work together on a number.

I genuinely want to know. Toss me a number. A number that brings fear into your heart. A number that is poison to all working Canadians.

#130 IHCTD9 on 08.05.21 at 12:53 am

#108 Quintilian on 08.04.21 at 9:47 pm
Not surprised at the results of the echo chamber.
Typical spreadsheet nerds.
They can calculate the cost of everything and the value of nothing.

Typical conservatives
—-

Hi Quin! How are you making out with my number? Remember how I posted that if you want to shut down a hard leftie, all you had to do was ask them how much debt is too much?

You don’t want to prove me bang-on-the-money on this right?

So lay it on me bro, how much total public debt is too much?

#131 DON on 08.05.21 at 1:26 am

Off topic….

but wow

https://www.cbc.ca/news/canada/british-columbia/bc-money-laundering-lawyer-1.6124842

“Money laundering worries raised in case of B.C. lawyer who let client move millions through trust account”

Geezus.

#132 TurnerNation on 08.05.21 at 2:10 am

— We are being set up for a rigged election. Still think that the Newfoundland mail-in election, with its delays, was a test zone.
Get ready for T2, T3?? Democracy died with the New System – since March 2020.

.Final outcome of a pandemic election could take a few days: chief electoral officer (www.ctvnews.ca)


— Yes control over our Travel/Movements.
This won’t be going away.

.Vvon der Leyen urges Biden to lift restrictions; US travellers may be banned from EU again (wsj.com)

.U.S. developing plan to require foreign visitors to be vaccinated, official says (reuters.com)

……….
……….
–UK Airports are to be slowly phased out to meet “Climate goals”

Screen shot of timeline: https://i.redd.it/rl0bclbjmve71.jpg

https://www.ukcolumn.org/article/the-not-so-great-carbon-reset
The following universities were involved in compiling this document:
University of Cambridge
University of Bath
University of Nottingham
University of Strathclyde
University of Oxford
Imperial College.


— Nothing is ever enough in the New System. Get ready for more Economic Lockdowns

. Now almost 80% of 16 to 24 year olds in England have Covid antibodies, official figures show (dailymail.co.uk)

.Calgary councillor pushing for emergency council meeting on COVID-19 data (globalnews.ca)

.Israeli PM: Serious COVID cases to quadruple in 20 days, we must impose new restrictions (haaretz.com)

— Back to normal soon guys!!! Soon.

.NY International Auto Show cancelled (fox5ny.com)

#133 Midday on 08.05.21 at 2:28 am

So what about AZ plus the DOJ telling other states not pursue the same tactics, lol.
Don’t buy a home 2020.
Don’t buy gold
Don’t buy Bitcoin.
Vote Trudeau
Things will soon be normal.

Interest rates will be going up.

Wow, when does one realize that they stand in there own way.
Get a shot, not backed by the FDA.
Is listed as experimental. Plus has HUGE side affects.
Just the Fact’s Mama…

#134 Bezengy on 08.05.21 at 7:25 am

My election platform highlights.

Overhaul the legal system, make it more efficient, transparent, quicker, and more profitable. Aim to implement a 72 hour tribunal system to handle the majority of cases.

Create a branch of the justice system to deal with tax evasion, money laundering, and fraud. (and give them teeth) Put the CRA agents on commission. Make every tax return public and reward reporting of tax evasion.

Say goodbye to the queen, senate, and the GG.

Say goodbye to the $866k capital gain exemption for small business owners. Eliminate or simplify all tax deductions. Implement a tax on primary residences using a sliding scale with less tax being assessed with multiple years of ownership. Tax gross rental income, not profit from income.

MP salaries will be reduced by the percentage of budget shortfall. 20 percent over budget means a 20 percent salary cut, with a floor minimum salary. Mandate a similar system be implemented in all government run programs.

Create a guaranteed work placement program eliminating or reducing all federal welfare programs such as EI, CERB, etc.

Establish a master plan to build smart cities across the country that are carbon neutral and self sustaining.

———

Immigration, native affairs, etc. (This is gonna take more time than I thought). Probably doesn’t matter if I don’t finish it, I don’t expect to get many votes anyway.

#135 the Jaguar on 08.05.21 at 7:52 am

Garth, who is this Marcia M @112? Is she the one who stole the flag off the office wall?

Does the ‘M’ stand for Marxist?

“alt-right, mostly white, male-dominated, class-privileged echo-chamber when it comes to social issues.” and also “extreme conservative, pro-establishment white male ethos as to be almost a parody of anything pretending to be other than that.”

Holy mother of dog, what a racist thing to say. White males run for cover.

So why are you here, Marcia? Don’t your Marxist, Critical Theory, Identity Politicking , Socially Divisive friends have someone among them who can offer you ‘financial suggestions’? Do they know what a balance sheet is or who pays the bills?

I’m reminded of the line from A Few Good Men where Jessop sez “”I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom that I provide and then questions the manner in which I provide it.”
Insert “Financial Suggestions” for “Freedom”.

Jessop was an unsympathetic character, but he had some good lines, and that was one of them.

The only ‘starkly revealing echo chamber’ is you, Marcia. It’s your ‘starkly revealing’ identity politics and agenda that are dividing the nation and the world like never before in history.

News flash: The world is on to you, and it won’t end well. Maybe take the squirt Quint with you on your way out.

#136 crowdedelevatorfartz on 08.05.21 at 7:56 am

@#131 DON

““Money laundering worries raised in case of B.C. lawyer who let client move millions through trust account”

+++

Nothing new in BC
Bring Cash.
Its sloshes back and forth like water in a child’s tub as the politicians and police tell you there’s nothing to worry about

#137 IHCTD9 on 08.05.21 at 8:23 am

#127 DON on 08.05.21 at 12:33 am

https://www.reuters.com/world/lack-strong-rival-may-hurt-canadas-trudeau-election-2021-08-04/

This is an interesting read.

The NDP leader is more favourable according to the poll. This could get interesting he brings housing affordability up…sweeping up those adversely affected. Future elections will be interesting.
_________

This is totally believable. The Cons just aren’t a big scary opponent right now, and left leaning folks may totally get a sense of confidence that JT will win, so it’s OK to vote for JS. Lots of Canucks vote strategically to avoid splitting the vote and putting the cons into power.

It’s going to be hard to paint the Cons as a scary presence – they’ve had little in the way of headlines, and are bland as a boiled potato. Painting O’toole as Trump and putting Harper in the ads would be a bad idea – it’s just too far of a stretch for reasonable folks to buy.

The interesting thing is how Trudeau pointed the good ship Liberal so far left that they might as well be the NDP – and now they may lose votes to the NDP…

Anyway, it don’t matter who wins.

#138 Prince Polo on 08.05.21 at 8:45 am

#93 IHCTD9 on 08.01.21 at 10:38 pm
Actually, what happened was Trudeau ****** the entire country for anyone under 35. He could have not done it, but he did it anyway because he and his entire caucus are brain dead twits.
Now, thanks to our goofball Liberals; the average sfd in Canada costs an insane 700k, and metro dumps are nearing 2 MILLION. That’s right, almost 2 million. When Harper ran the show, the average house price in Canada was under 450k.
Trudeau has absolutely power slammed the debt to an unbelievable 1.2 TRILLION DOLLARS thanks to his utterly bonkers 300+ BILLION deficit boondoggle in just ONE ******* year! I still can’t wrap my head around it!
When Harper got booted, our deficit was less than ONE billion, and total federal debt was 612 Billion. Seems like a leisurely walk in the park compared to the napalming Trudeau has rammed Canadians up the wazoo with.
When Canada came out of the GFC, we did so as one of the best in the world. Now, we come out of COVID on a stretcher, the worst in the G7, with two broken legs despite the damage done. And what does Trudeau do? Sign on for even more unsustainable multi-billion dollar commitments. What a ******* dunce!

I’d love for tractor guy to run for PM and have the above as his opening salvo in the televised debates. Are you not entertained (a la Gladiator)?

#139 Howard on 08.05.21 at 8:53 am

The most interesting tidbit of this poll is that Liberal support amongst this group went from 23% in 2019 to 14% now.

#140 IHCTD9 on 08.05.21 at 9:04 am

#6 Blobby on 08.04.21 at 4:41 pm
Also interesting how many people who earn relatively low amount of family income <$200k.. Are against taxing wealthy (do they think they are in that bracket?)

But yet they ARE in favor of raising GST/HST, which would effect them a LOT more (as a pcnt of their income) than the wealthy..

So my take away from this, is that people are a bit dim.
___

Dude 200K is not a relatively low family income. The median HHI in Canada is only 80K, so half the country makes even less than that.

#141 Howard on 08.05.21 at 9:14 am

#86 Hass say yhoo on 08.04.21 at 7:46 pm
#38 “old people got money so I think the Liberal government wil get a majority”. You think so well….first of all 1500 dollars does not even pay for a visit to the dentist. And second “old people” were totally forgotten by the government during this pandemic. And third, “ old people” as you so eloquently put it, are much more informed than you give them credit. Most of all, you obviously do not know much about “ old people”.

—————————–

I know that the current generation of old people in Canada is the wealthiest in history.

I know that this government has prioritized enriching birth-year lottery winners over stable housing for young people.

I know that this government tossed NON means-tested payments to rich seniors most of whom were already retired.

I know that this government recently tossed $5000 free money for energy efficiency upgrades to rich homeowners, mostly benefitting old homeowners who can afford such upgrades.

You want more?

#142 Howard on 08.05.21 at 9:17 am

#112 Marcia M on 08.04.21 at 10:38 pm

A finance-oriented blog that stresses personal responsiblity is likely to be populated by more conservative people than the population as a whole. I’m surprised you needed a poll to tell you that.

I’m sure there are blogs out there for welfare recipients and you can rest assured that the percentage support for Conservatives there will be 0.00%.

Name one. – Garth

#143 Dharma Bum on 08.05.21 at 9:20 am

#80 Don’t be surprised

“Votes that should not be counted will be.”
————————————————————————————-

That’s how drips like Biden get elected.

#144 inverted yeild curves on 08.05.21 at 9:30 am

“In October of 2019 we had no idea what was coming.

An election had been called. The economy was decent. Markets were robust. ”
_________________________________________

revisionist history

the yield curve inverted in the spring of 2019. for several months. clearly indicating a recession ahead.

but you chose to ignore it.

There was no recession, just a pandemic. Every time the yield curve inverts we do not commit suicide. – Garth

#145 SunShowers on 08.05.21 at 9:54 am

#39 Kato on 08.04.21 at 5:50 pm
“A household income of $100,000 puts you in the top 10%, as of a few years ago.”

An INDIVIDUAL income of 100,000 puts you in the top 10%, not household. Median household income in Canada is something like 80k, so there’s no way 100k puts a family in the top 10%.

#146 Quintilian on 08.05.21 at 10:12 am

More crazy talk from the typical conservatives:
Exhibit A:

#117 Michael in-north-york

“If we end up with hyperinflation, and the cost of one loaf of bread plus one litre of milk becomes equal to your two weeks pay, you might start appreciating the value of being somewhat numerate”

A facile and ridiculous argument. The circumstances leading to hyperinflation as what took place, as often sited during the Weimar Republic do not apply to Canada. There is not even a remote chance of hyperinflation in Canada.

Exhibit B:
#130 IHCTD9 on 08.05.21 at 12:53 am

“Hi Quin! How are you making out with my number? Remember how I posted that if you want to shut down a hard leftie, all you had to do was ask them how much debt is too much?”

I did answer, I thought some deductive reasoning on your part would have made it clear that I don’t believe there can be too much debt.

I repeat: no spending limit; whatever amount it takes to avoid at depression as exemplified by the “Hoovervilles”

You did not answer my question.

#147 IHCTD9 on 08.05.21 at 10:23 am

#141 Howard on 08.05.21 at 9:14 am

“I know that the current generation of old people in Canada is the wealthiest in history.”

Makes total sense. Eventually Gen X will eclipse them. Old folks have had a lot of time to gather wealth. No brainer.

“I know that this government has prioritized enriching birth-year lottery winners over stable housing for young people.”

Anyone who owned a house or liquid assets got rich under Trudeau – anyone. Age had nothing to do with it.

“I know that this government tossed NON means-tested payments to rich seniors most of whom were already retired.”

The biggest handouts ever by Government has been the CCB. Just for having a few kids you could get 18K+ tax free, inflation adjusted. Now it looks like free daycare might be coming down the pipe too. These benefits end up in the hands of 20/30 year olds. A few hundred bucks to seniors is peanuts in comparison.

“I know that this government recently tossed $5000 free money for energy efficiency upgrades to rich homeowners, mostly benefitting old homeowners who can afford such upgrades.”

I looked into it. The only way you get the 5K is if you follow the process to a tee, and do only the prescribed upgrades that qualify – like a 50K in floor radiant heat system powered by a ground source heat pump. Government oversight front to back via a “consultant” telling you what you can and can’t do, while you pay the bill. Virtually no one will take advantage of this incentive because you’ll spend 100K by the time you get the 5K back. A 60 year old dude wouldn’t live long enough to see a payback from this incentive as it sits.

#148 Ponzius Pilatus on 08.05.21 at 10:44 am

#118 crowdedelevatorfartz on 08.04.21 at 10:56 pm
@#113 Barb
“And the gopher digging a hole in my backyard has more appeal than Jagmeet.”

++++

Classic.
At least the gopher won’t tell you your grandkids should pay to fix the holes…..
———————-
Classic.
Calling a person who looks different than you a gopher, classic?

#149 G on 08.05.21 at 10:59 am

Thanks Garth,

Polls are interesting. The MSM polls aren’t always reflective of what happens on election day either. It would be interested in see what your poll might come up with say about a week before we actually vote this next time, if you decide to even do one around that time.

I wonder if any government could come up with a plan to cut sending, even freeze spending would help so we can pay down the countries credit card bill.

Could a government come up with a plan so the country (the people that risk there money to build companies in Canada) makes more things and value added thing the world wants to buy, that could add small % charge that directly goes to paying down the our countries credit card bill.

I don’t want to increase income taxes because that just take/steals money from the people that worked hard for it (most people IMO), even most of the so-called rich, many make there incomes buy starting businesses that employ and thus support other peoples families too. Even the people that use there money to help others start companies are always risking losing it, that’s why I thought they are incentivized by only paying 50% on capital gains?.

Inflation is higher lately and is quietly stealing from everyone. Just look at one of the ‘dollar stores’ is anything they sell still selling even close to being a dollar anymore? That’s inflation for you.

Higher GST could bring in some more taxes, but the elephant in the room is the increased government spending, if that increase can’t be stopped and lowered you can raise taxes all you want it won’t help keep the country from becoming a 3rd world basket case.
The budget will not just-in balance it’s self! Only… believe that.

Just wait until the interest rate/charges goes up on the countries accumulated credit card bill. Rising the GST extra % will just end up going to the creditors/banks/bond market owners.

If a PM raises spending above income, can we increase his own personal tax rate by the same amount for the rest of his life. That would be incentive to balance the budget!!! They could even try telling us it balanced itself if they still believe it can by itself, wouldn’t want to break there bubble and hurt there feelings after all, LOL. Could we even go back in time 5 years to tax them at a great rate equalling over spending %???

#150 TurnerNation on 08.05.21 at 11:05 am

— Witness..the first Economic and Social destruction of a country in this WW3. Will we be spared?
8 cases! What does that mean? Permanent rolling lockdowns.

https://www.reuters.com/world/asia-pacific/australias-new-south-wales-reports-262-local-covid-19-cases-five-deaths-2021-08-05
|Victoria state said it had detected eight new cases, and began its seven-day lockdown on Thursday evening.
“Nothing about this is optional. This is a lockdown, it will be enforced, for the best of reasons and the best purposes, to bring these case numbers down, under control so we can once again be open,” Victoria state Premier Daniel Andrews told reporters in Melbourne.

The government is also under pressure as Australia’s A$2 trillion ($1.5 trillion) economy is threatened by a second recession in two years.”


— Also Congrats to Monderna and Biontech – they never before released a single drug. Not one.
Then, nailed this one over the weekend! So when the next one coming out guys?? You’ve had over a year. Chop chop.

https://www.businessinsider.com/pfizer-biontech-vaccine-designed-in-hours-one-weekend-2020-12?op=1


— We must stop travel. Shades of War on Terror colour schematic. Because that’s what this is. WW3.

.Covid travel: France moves to amber list and green list expands (bbc.co.uk)

#151 IHCTD9 on 08.05.21 at 11:28 am

#146 Quintilian on 08.05.21 at 10:12 am

I repeat: no spending limit; whatever amount it takes to avoid at depression
_____

No limit eh?

How about 500 Trillion dollars?

Are you fine with the BOC printing and then buying 500 Trillion worth of government bonds so they might attempt to thwart a depression?

I have to ask, because you are the first person ever to say out loud that any amount of debt – like even a google dollars – is fine. That’s what “no limit’ means

You said it homie, not me.

Seriously, do you even understand what would happen to us all if the BOC printed and spent 500 Trillion Canuck bucks? I can tell you the disaster that would follow would make a depression seem like a block party.

Just spend a little time and read up on what happens when a government goes wild printing currency. Do you really want this end for your fellow Canadians?

#152 Sheesh on 08.05.21 at 11:32 am

#112 Marcia M on 08.04.21 at 10:38 pm
“Thank you once again for publishing such revealing poll results about the readership here”.

—————————-

And thank you for your fine display of bigotry. Were you going for irony?

#153 SunShowers on 08.05.21 at 11:34 am

#147 IHCTD9 on 08.05.21 at 10:23 am
“Old folks have had a lot of time to gather wealth.”

Even controlling for time, younger people have less money than they used to. I don’t think a corresponding Canadian study was done, but in the US, when the median Boomer was 35 years old (1990), Boomers as a cohort owned 21% of the nation’s wealth. When the median Gen X was 35 years old (2008), Gen X as a cohort owned 9% of the national wealth. When the median Millennial is 35 (in 2023), they are trending to own less than 4% of the nation’s wealth.

Although the US doesn’t have things like CCB, I don’t imagine it would be enough to make up a deficit that immense.

“Anyone who owned a house or liquid assets got rich under Trudeau – anyone. Age had nothing to do with it.”

This is a stretch at best, and there are (Canadian) numbers to prove it.

Home ownership rate of 20-34 year olds: 44%
Home ownership rate of 35-64 year olds: 70-76%
Home ownership rate of Boomers in 1981 : 56%
Home ownership rate of Millennials in 2016: 50%
Share of Boomers owning a SFH in 1981: 44%
Share of Millennials owning a SFH in 2016: 35%

Median value of pension/non-pension financial assets:
>35 years old: $29,000 / $7,600
35-44 years old: $90,00 / $11,100
45-54 years old: $261,600 / $14,000
55-64 years old: $354,500 / $20,300
65+ years old: $237,000 / $30,000

Saying “it’s about home ownership, not age!” is pretty much the same as Nixon saying “it’s about marijuana, not Black people and anti-war hippies!”

#154 Dragonfly 58 on 08.05.21 at 11:44 am

Regarding the dual citizenship issue, I think it is very naive to assume that a ” Western ” approach to ones life , business , income and overall financial affairs is universally in force.
In a number of country’s around the world this attitude and general approach is hardly the norm.
In the West most people treat others with honesty and respect , play by the rules and even though it may at times leave a bad taste in our mouth , pay our taxes.
In a number of geographic areas outside the Western World there is a whole different set of norms.
Canada has received substantial numbers of people from these geographic regions over the last couple of decades. I would not be surprised at all to learn that a sub- set of them brought their values and techniques with them.
The laws in Canada are very hit and miss concerning many types of non- violent crime. And investigation / enforcement is all to frequently not a priority with the Canadian authority’s. To the point of being effectively non-existent in certain areas of law.
A sub-set of newcomers are playing us for fools.
And at least some of Canada’s housing crisis and revenue shortfall is the result.
In Canada to be dishonest is generally considered to be shameful and a serious personal embarrassment if caught. In a number of other geographic areas if you are dishonest and get away with it you are seen to be smart or at least well connected. If you are caught , well ,you can’t fault a guy for trying , better luck next time.
This situation is hurting Canada and a significant number of Canadian’s.

#155 Michael in-north-york on 08.05.21 at 12:07 pm

More crazy talk from the typical far-left:

#146 Quintilian on 08.05.21 at 10:12 am
A facile and ridiculous argument. The circumstances leading to hyperinflation as what took place, as often sited during the Weimar Republic do not apply to Canada. There is not even a remote chance of hyperinflation in Canada.
===

A ridiculous argument for you, but an earlier real life experience for me. A lot of countries went through hyperinflation periods, and did so much more recently than in the 192x. It is plain ridiculous to point to the Weimar Republic case as some kind of outlier.

On the contrary, the present situation in Canada and other developed countries is an outlier by the historical standards. Modern financial instruments are capable of holding the flood, and letting the governments borrow like crazy. But the capacity of those instruments isn’t without limit.

If the course isn’t reversed – and it doesn’t look like it it will be reversed – then eventually the inflation will set in. Once it does, it becomes a self-accelerating process. People know that their money will be worth less a month from now, they try to buy something today, the money circulation accelerates and that fuels the inflation even further.

I don’t know if our inflation will hit the definition mark for “hyper-“, or it will just be a period of high but somewhat controlled inflation. Either way, only a very innumerate person can hope that the debt can grow without limit and not cause any bad effects.

#156 Doug t on 08.05.21 at 12:20 pm

#135 THE JAG

nicely done :)

#157 Howard on 08.05.21 at 12:51 pm

#147 IHCTD9 on 08.05.21 at 10:23 am
#141 Howard on 08.05.21 at 9:14 am

“I know that the current generation of old people in Canada is the wealthiest in history.”

Makes total sense. Eventually Gen X will eclipse them. Old folks have had a lot of time to gather wealth. No brainer.

——————————

Obviously what I meant was that the Boomers are the wealthiest generation in Canadian history compared to any other at similar age. Wealthier than Silent, Greatest, etc at similar age. And will likely not be eclipsed by Gen X at same age and certainly not by Millennials. Unless you’re predicting that Millennials will experience the same 8x house value appreciation over their working lives that Boomers experienced?

#158 BillBC on 08.05.21 at 1:10 pm

#86 says “old people” were totally forgotten by the government during this pandemic.”

I’m 79, and last summer the BC gov’t gave me $1000, for what I didn’t know. Now Trudeau is sending my wife and me $500 each, and next year raising the OAS by 10%. Our income is less than $100k, but we don’t need this money. We certainly weren’t “totally forgotten.” In fact, I think we are being bribed…

#159 Kato on 08.05.21 at 1:29 pm

#145 SunShowers on 08.05.21 at 9:54 am
#39 Kato on 08.04.21 at 5:50 pm
“A household income of $100,000 puts you in the top 10%, as of a few years ago.”

An INDIVIDUAL income of 100,000 puts you in the top 10%, not household. Median household income in Canada is something like 80k, so there’s no way 100k puts a family in the top 10%.
———————-
You’re right, I was both outdated and incorrect. As of 2018, $98,000 still gets you in the top 10% for individuals, StatsCan says. Household data I couldn’t pin down with lazy googling.

My google-fu is weak, but I did find this on a random blog called y-axis:
“According to Trading Economics, the Looking forward, the average disposable personal income in Canada will be about 1381930.49 CAD million in 2021 and 1450228.00 CAD million in 2022.”

I… have to assume that’s an error, but maybe they have sources in Ottawa that I don’t?

#160 Not Fooled on 08.05.21 at 2:05 pm

Interesting that T2 was tweeting about the Libs and their defense of abortion on demand the other day. Is he worried more about losing supporters to the Cons than to the NDP? Opinion seems to be that he’s discreetly referring to sex-selective abortions. I’ll leave the implications to the imaginations of the steerage.

#161 Don Guillermo on 08.05.21 at 2:24 pm

#151 IHCTD9 on 08.05.21 at 11:28 am
#146 Quintilian on 08.05.21 at 10:12 am

I repeat: no spending limit; whatever amount it takes to avoid at depression
_____

No limit eh?

How about 500 Trillion dollars?

Are you fine with the BOC printing and then buying 500 Trillion worth of government bonds so they might attempt to thwart a depression?

I have to ask, because you are the first person ever to say out loud that any amount of debt – like even a google dollars – is fine. That’s what “no limit’ means

You said it homie, not me.

Seriously, do you even understand what would happen to us all if the BOC printed and spent 500 Trillion Canuck bucks? I can tell you the disaster that would follow would make a depression seem like a block party.

Just spend a little time and read up on what happens when a government goes wild printing currency. Do you really want this end for your fellow Canadians
***************************************
Here’s a nice example

read://https_newsrnd.com/?url=https%3A%2F%2Fnewsrnd.com%2Fbusiness%2F2021-08-05-venezuela-removes-six-zeros-from-banknotes-due-to-inflation.HkM_u8OtJF.html

#162 Karl hungus on 08.05.21 at 2:25 pm

It’s cute that people think raising the GST by 2% or whatever will bring in X amount of dollars. Do you not understand that the government will just spend the same X amount of dollars more ?

#163 Planetgoofy on 08.05.21 at 2:32 pm

#146 Quintilian on 08.05.21 at 10:12 am
I repeat: no spending limit; whatever amount it takes to avoid at depression as exemplified by the “Hoovervilles”
————————————————-
Any Idea HOW much money is waisted by these fools?
No checks and balances. Oversite is non-existence.
Its completely reckless.
Take me for example. 13 properties, equipment, vehicles and debt free….I need no ones help ever. Kinda the opposite of that mass majority.
That’s called accountability. That’s another world that doesn’t exist in government.
Hope you hold a lot of tangibles? Last couple years gave me a hell of a boost with this reckless spending.

#164 Shortymac on 08.05.21 at 3:57 pm

The Maxime love explains the comments section here lol :)

#165 Dave on 08.06.21 at 8:08 am

Interesting sign of the times that, amongst a group of high earning, right leaning conservatives, the “environment” is the second most important issue.