There are very few people I think are truly awful and the world will be better without them. Fantino is on that short list.
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Justin Time
- Thread starter Baggsy
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The residents of London knew that years ago. Gathered together with pitchforks + torches and ran the little Nazi out of town in 1998.
Susan Delacourt: Stephen Harper still favours business over big government. So how did that work out after 2008?
All those wondering what Stephen Harper would have done in this pandemic now have an answer — sort of, Susan Delacourt writes.
www.thestar.com
There were fewer than forecasted because they were making it difficult to get access, they closed offices taking access away and they were just turning people away saying they did not qualify. I know too many vets in that era that needed access to those (over forcasted) programs and could not get it, only to see Harper and crew say look there is money here, let's take it back. Total BS and shameful.
finance minister was on a talk show last week saying they were looking at other measures, not taxes. Politician though...could have been a lie.
Chris-CJ
Well-known member
Other measures = print money (prolly)
Print money = 40 cent CAD
40 cent CAD = more money for the same item (aka "inflation")
John/Jane Doe, has less money 'cos of having to pay more for the same item.
"Less money in the pocket", will happen regardless if the taxes are raised or if money is printed.
Excuse the simplistic depiction, I am not an accountant
"be free from the gravity of expectation"
If we could tax stupidity they could cover this mess and pay off the debt in a year.
Most people would get the first question:
If you have three apples and eat two how many do you have left? Explain.
Question two is harder:
If you have two apples and eat three how many do you have left? Explain.
ftfy
Other measures = print money (prolly)
Print money = 40 cent CAD
40 cent CAD = more money for the same item (aka "inflation")
John/Jane Doe, has less money 'cos of having to pay more for the same item.
"Less money in the pocket", will happen regardless if the taxes are raised or if money is printed.
Excuse the simplistic depiction, I am not an accountant
"be free from the gravity of expectation"
Inflation maybe but 40 cent dollar no, pretty much every first world, G-whatever, country is doing the same thing, including the US, so why would our dollar be different than any of their currencies? Ours goes down and theirs goes up, because both doing the same thing?
Chris-CJ
Well-known member
Agreed,
The numbers I threw out were picked from a hat, just for the sake of illustration.
The future is hard to predict and also I am not an accountant.
I certainly hope that I am wrong and you are right!
"be free from the gravity of expectation"
Not 40 cents, but the relative amount of printing matters. If JT prints 0.1 GDP and trumpy prints 0.01 GDP, our currency should be devalued with respect to USD. From what I have seen so far, I think Canada is spending more person than US.
The US deficit per capita was in the area of four times Canada's prior to COVID. So we have some headroom...
I also think the US is going to be relatively harder hit by the time this virus is done with them. Even if they don't have a second wave of infection, the lack of support for individuals and small businesses is going to make for tough going on the other side of it.
Chris-CJ
Well-known member
A perspective from minds greater than mine .....
m.economictimes.com
"be free from the gravity of expectation"
Coronavirus to leave a legacy of unprecedented global debt
Stimulus spending will pile more debt on countries already struggling with the aftermath of the 2008 crisis .
"be free from the gravity of expectation"
JTR
Well-known member
Guess it's a good thing that The US doesn't operate as one unit, and many states didn't over-react. Also now many states are opening up. Sure, there's an exodus from NY and CA, of anybody with the means, and those states won't be able to afford the socialism that they've pushed for. But hey, that's how it works. Texas is open and will be happy to have them. As for Canada though, fk'd.
JTR
Well-known member
They don't have to print money anymore. It's been a long time since money was ever linked to a real world asset of any value. It exists in digital cyber space now. Numbers on a screen only.
As long as my landlord doesn't figure out that I've paid him with counterfeit money deposited into my account by the government... I'm good... for now.
As long as my landlord doesn't figure out that I've paid him with counterfeit money deposited into my account by the government... I'm good... for now.
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