Given the crazy spending how much do you feel in dollar value the low end workers would be getting per year?
They don’t get much money back in taxes, no universal healthcare, I don’t think child care is covered. So what are they getting for all the spending?
So if Bidens Chips act is the way to go, should Trump then borrow trillions to gift to every American company to get them to invest?
It seems like two corporatist parties competing, as Bernie Sanders and others are compromised by an undemocratic institution to gift the election to the worst candidate.
My wife likes murders and romance, any suggestions for eBook?
Have these random programs actually helped Americans?
To my naive view, would America not he better served with a far more progressive tax system, in lieu of spending these large sums to foreign countries and various agencies that squander what could be given to the poor?
In what world is giving the poor more money directly not he an effective means of raising their standard of living, which should be the main point of a progressive government?
https://www.bankofcanada.ca/wp-content/uploads/2023/12/remarks-2023-12-07.pdf
The Bank of Canada says they do drive up home prices, which has an effect on inflation.
The “labor shortage” is the Phillips curve, caused by QE, which caused the 8% inflation we experienced after Covid. Its not a real shortage, and the increased economic activity is temporary, as the BoC then raised rates to cool the overheated economy.
So you’re idea that you’re simply filling up job vacancies because our economy is strong is wrong, what youre actually doing is preventing wage pressures from correcting the wealth inequality the Bank of Canada’s QE caused. This is straight from a BoC publication as well that explains how wage pressure are a natural equalization after a bout of inflation, reversing this via mass immigration is bad for non-asset holders, which is why wealth inequality between renters and home owners increased so dramatically.
But thats easily seen by looking at the growing food bank usage, growing homelessness, growing wealth inequality, and reports like this:
If you were around in the 70s and 80s you’d likely be one of the people blaming unions for “causing inflation”, and telling them they needed to accept lower wages.
We did QE during Covid, which as per the Phillips curve it increased wages due to a labor shortage, and we then did mass immigration to depress wages.
If you want to look at the Phillips curve, QE’s effect on inflation, and a chart of Canada’s population growth.
Luckily by the time you get there I’m sure you will feel it will be yourself soon, and will be more a feeling of existential dread than a fear of loss.
But what makes it sad, death is the harm of deprivation, presupposing lack, loss, or absence of some future goods. At the same time, people deprived of things valuable for them try to acquire them joining some movements or struggling for some privileges.
Its speaking of Musk, but whose this skinny Asian guy in the picture?
What’s been accomplished that isn’t dwarfed by housing and rents doubling?
I’m happy for you if you happen to own real estate, but people in my family are renters, and have had their wages diminished by the 4% population growth.
I know why we did it, to prop up GDP, I just don’t think you should be distorting the market like that after QE raises asset values. Entrenching wealth inequality is bad for the poor, and people living in rest stops is heartbreaking.
What programs have even been funded, as far as I’m aware we pulled consumption forward, and all this progress only landlords feel is funded with future austerity; as we buy 50% of all mortgage bonds to pump their real estate holdings using borrowed money.
Haha my feelings exactly, I can work in Linux cli and program rust with ease, but I can’t copy and paste on an iPhone.
Bring back ethernet jacks on phones!
He’s the patriot that supported Canada doing mass immigration to reduce Canadian wages, to protect asset values against a “wage price spiral”, where workers finally had actual bargaining power for wages. The Liberals have hollowed out the middle class the last decade, while never funding a single program, so we owe a huge debt as per capita GDP fell.
Now Carney wants to withdraw the capital gains tax increase before it has even been implemented, and to tariff foreign emitters, a tax on ourselves in order to gift it to Brookfield’s ESG department for carbon capture. Coincidentally where he just used to work.
I’d like if we moved in the reverse direction, but I think too many people are benefiting from real estate to do anything about it. We just gifted 300m to Bangladesh, maybe its time we stopped destroying poor Canadians by removing GST on housing or building mass transit?
I dont know how you can stand using iOS. Its just so unintuitive, theres no back button and I can’t even figure out copy/paste.
Highly processed food is bad for you I’ve heard. Some people even want to ban most breakfast cereal.
Well they’re keeping all their confiscated shitcoins, and they’re finding a budget neutral way to buy additional Bitcoin, according to the white house website.
As far as pilfering, the money supply grows at nearly 10% a year, gold prices rise 10% a year, housing a bit less; but its still a great store of value. If you believe in housing bubbles that gatekeep necessary goods behind 30 year loans, and you believe in misallocated capital that requires progressively larger bailouts, then the existing system works great.
We will see the next recession. I’ll bet you that the bailout is bigger than the last, and I’d bet gold continues to rise as QE is unloaded into the market. Its done 10% a year since the Fed started QE every bailout.
The Bitcoin reserve might be the closest thing to property rights the US has achieved in a century. Its been 10 years of stealing peoples gold and purchasing power, in order to deliver stellar bailouts to risky bankers and hedge funds.
If Project 2025 is to be believed then the goal is to remove tariffs on the US, including things like dairy, telcos, and banking. Which it will be interesting what that looks like if it does happen, I do wonder if things like cheese and cellular would be made more affordable via economies of scale.
As long as they only allow left leaning propaganda then its okay.
Which Pinevox or Openvoice may be an alternative one day. I think I recall HomeAssistant had something in the works too.
https://pine64.org/devices/pinevox/
https://www.openvoiceos.org/