Elections For Canadians (and sure, Americans and others can chime in): Is this a good reason to vote Liberal in the upcoming Canada election?

Damn Carneys ecnomic platform is gop levels of conservative. Increase military spending to highest levels canada has seen in ages. Cutting Cap gains expansion; no real mention of increasing top individual brackets; no mention of increasing corporate tax levels.

Definitely ballooning the deficit. Which means he's going to have to reneg on not cutting spending on several services.

Not that I'm against any of it ....crippling the NDP federally AND being a hard-core conservative economicallly are all wins.

Just hope the grey haired seniors and green haired leftists are ready for it
 
MrShady said:
10 years of cons, 10 years of libs, 10 years of cons, 10 years of libs, same wings same donors.
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Yeah that's bullshit, whatever failures you can attribute to the Harper such cost of living increases are astronomically worse under the Liberal government.

The Liberals incurred more debt and were involved with more ethics violations than ALL governments COMBINED. That right there defeats your argument. Carney is set to double this debt with even more inflationary spending.

What happened to his campaign promise of fiscal responsibility ? What happened to him promising a return to the center ? All proven to be lies after the release of this platform.

One party has a platform of doing the same things that led to our decline to a greater degree and the other has a platform of fixing these horrible policies.
 
Lycandroid said:
the other has a platform of fixing these horrible policies.
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Naive imo.

I hope the conservatives win so people like you won't have any excuse left for why shit hasn't been fixed, and steadily gets worse (inflation, housing costs, population#, wages stagnant)
 
MrShady said:
Naive imo.

I hope the conservatives win so people like you won't have any excuse left for why shit hasn't been fixed, and steadily gets worse (inflation, housing costs, population#, wages stagnant)
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Don't call people naive when you can't or refuse to actually refute any of their points.

The rate at which inflation, housing costs, population growth increase is greater during the last government than at any time during our history. Wages were not stagnant during the harper years.

To claim that it is going to be the same regardless of government is not only naive but it requires you to intentionally ignore all of the facts.
 
MrShady said:
This entire country is a ponzi scheme using real estate value to prop up its gdp. Every party and minister is essentially a landlord relying on keeping house property values overinflated. So they'll keep using the TFWs and immigration to keep wages low and house values up for their retirement portfolio.

Every citizen that participated in this scheme (flipping houses, multiple properties to rent out, using renters to pay your mortgage and profit, keeping homes vacant to increase value) contributed to the steady destruction of the country.

If conservatives were in power 2015-now we'd be having the same conversation about how the country was robbed by corporations and their policies to keep wages low, house values up, and destroy the middle class.

10 years of cons, 10 years of libs, 10 years of cons, 10 years of libs, same wings same donors.
Click to expand...
Excuse my interjection, if you are against buying property then how do you propose for a citizen to protect his savings from inflation?
 
MrShady said:
This entire country is a ponzi scheme using real estate value to prop up its gdp. Every party and minister is essentially a landlord relying on keeping house property values overinflated. So they'll keep using the TFWs and immigration to keep wages low and house values up for their retirement portfolio.

Every citizen that participated in this scheme (flipping houses, multiple properties to rent out, using renters to pay your mortgage and profit, keeping homes vacant to increase value) contributed to the steady destruction of the country.

If conservatives were in power 2015-now we'd be having the same conversation about how the country was robbed by corporations and their policies to keep wages low, house values up, and destroy the middle class.

10 years of cons, 10 years of libs, 10 years of cons, 10 years of libs, same wings same donors.
Click to expand...
The difference is the Conservatives are campaigning on trickle down economics, cuts to taxes for rich people and cuts to services for poor people. I will always vote against that.
 
Lycandroid said:
One party has a platform of doing the same things that led to our decline to a greater degree and the other has a platform of fixing these horrible policies.
Click to expand...
How do you know? The NDP and Liberals have posted their costed platforms but the Cons are dragging their feet.

And why do you suppose that is?
 
gatchaman said:
Excuse my interjection, if you are against buying property then how do you propose for a citizen to protect his savings from inflation?
Click to expand...

The way we look at homes has fundamentally changed over the last 10-15 years. It used to be that you saved up and bought a home you intended to live in and start a family in. You stayed within your budget and means.

Then it was promoted as an investment vehicle for speculators and landlords with the sole intention of building their retirement portfoilio with the attractive policies and low interest rates.

I'm not against buying property but we all know the person who thinks they're a genius because they bought a house for 600k, waited a few years and suddenly it's worth 1.4 mill. They won't mention how they bought it when interest rates were at 1 or 2%, fudged some paperwork around to show they could afford this house on a 60k income, with the purpose of flipping for profit/use renters to pay off their mortgage plus some profit.

Obviously you'll say "hate the game don't hate the player" which is fair but it should come to no surprise why our kids will grow up never being able to afford a home until they get an inheritance or massive support.

The covid years taught us why a person shouldnt take on the real risk and become an entrepreneur by starting a business when they could just buy a house or two, wait a few years and flip for easy gains.

The government of Canada will always bail out the landlords that's for sure.
 
I voted yesterday. Heard turnout is up this time around. Not surprising. Let’s see how things go. I’ll be out of town for work election night, so might miss the comments in this thread regardless of the results.
 
I wonder how the elections will impact the Anne Of Green Gables figurine market? Or the Potato Hand Cream industry?
 
Canadian Prime Minister Mark Carney's campaign platform plans released on Saturday include tax cuts and new spending on infrastructure and defense, as he pledges a new economic order that is less reliant on the United States.

"Carney told the press conference government spending had been growing by around 9% every year and his government would bring that rate of spending growth to around 2% without cutting any transfers to provinces, territories or individuals."




Cutting taxes and cutting spending AND expand defsnse and infrastructures spending ..while balancing the budget in 3-4 years? What politcal genie did Marky find?
 
Mr. Shickadance said:
No one cares politics are the worst team sportsy it’s ever been, people are already entrenched. What matters now is education and trying to be as unbiased as possible when giving out info to the younger generation.

I mean that won’t happen because of the first part but still it’s the only fix without violent revolution, which hopefully is still avoidable.
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It always cracks me up when the most zealous, toxic hyperpartisans on this board express these lamentations.
 
Andy Capp said:
The difference is the Conservatives are campaigning on trickle down economics, cuts to taxes for rich people and cuts to services for poor people. I will always vote against that.
Click to expand...
It's an amazing con that the right has sold trickle-down economics after there has been a solid 40-year study in the U.S. and it has been a failure. It doesn't work. It's a wealth distribution straight upwards.
 
MrShady said:
The way we look at homes has fundamentally changed over the last 10-15 years. It used to be that you saved up and bought a home you intended to live in and start a family in. You stayed within your budget and means.

Then it was promoted as an investment vehicle for speculators and landlords with the sole intention of building their retirement portfoilio with the attractive policies and low interest rates.

I'm not against buying property but we all know the person who thinks they're a genius because they bought a house for 600k, waited a few years and suddenly it's worth 1.4 mill. They won't mention how they bought it when interest rates were at 1 or 2%, fudged some paperwork around to show they could afford this house on a 60k income, with the purpose of flipping for profit/use renters to pay off their mortgage plus some profit.

Obviously you'll say "hate the game don't hate the player" which is fair but it should come to no surprise why our kids will grow up never being able to afford a home until they get an inheritance or massive support.

The covid years taught us why a person shouldnt take on the real risk and become an entrepreneur by starting a business when they could just buy a house or two, wait a few years and flip for easy gains.

The government of Canada will always bail out the landlords that's for sure.
Click to expand...
It wasn't Covid that destroyed entrepreneurs. It was the government public health response to Covid that destroyed entrepreneurs. But at least you acknowledge that running a small business is a greater risk than being a landlord.

I am still looking for an answer to the question. How should a person, with no pension, protect his savings from inflation, so that he can retire and still have an income when too old to continue at his regular job?
 
gatchaman said:
It wasn't Covid that destroyed entrepreneurs. It was the government public health response to Covid that destroyed entrepreneurs. But at least you acknowledge that running a small business is a greater risk than being a landlord.

I am still looking for an answer to the question. How should a person, with no pension, protect his savings from inflation, so that he can retire and still have an income when too old to continue at his regular job?
Click to expand...

By Covid years thats partly what i meant, the response by which many countries printed trillions (quantitative easing) and the greatest wealth transfer occurred.

Assuming you're maxing out your RRSP, and putting into a HISA, you should have a diversified portfolio of global equities (stocks with dividends, etfs, bond index funds, gic), including a small proportion in commodities and precious metals .

I'm just saying there's more ways to protect savings and make more money but in the last 10 years everyone and their Uber driver got into the housing bubble game and everyone got used to the debt bubble (forget being fiscally responsible, take on as much credit and debt as possible because interest rates are low).

We're about to play the same game soon with interest rates coming down. Fed printer machine about to be turned on soon imo
 
MrShady said:
By Covid years thats partly what i meant, the response by which many countries printed trillions (quantitative easing) and the greatest wealth transfer occurred.

Assuming you're maxing out your RRSP, and putting into a HISA, you should have a diversified portfolio of global equities (stocks with dividends, etfs, bond index funds, gic), including a small proportion in commodities and precious metals .

I'm just saying there's more ways to protect savings and make more money but in the last 10 years everyone and their Uber driver got into the housing bubble game.
Click to expand...
I don't think you fully understand what was most devastating about the Covid public health response. My kid's TKD school, run by a guy too old to work in a warehouse, closed down because public health orders prevented him from having in-person classes, while he still had to pay the expenses of maintaining a building. The business never came back after the restrictions were lifted because everybody had his own story of being worse off financially.

I've lost money on my RRSP, even more so than I lost to inflation. Why should I invest in large companies, which are crushing the moms and pops, as opposed to running a small business that I can handle in old age, being a landlord? It's not logically consistent of you: We should abandon small businesses in favor of investing in evil global corporations. Is this what you do with your own money?

I rented when I started out, and I was glad that there was a run down dwelling that I could afford to live in. Did you ever rent? I've even rented in my forties, while waiting to see if a short-term job became a long-term job. Who would you prefer to be on the other side of the renting transaction if not a fellow individual citizen?
 
Crazy Source said:
It's an amazing con that the right has sold trickle-down economics after there has been a solid 40-year study in the U.S. and it has been a failure. It doesn't work. It's a wealth distribution straight upwards.
Click to expand...
Which direction did the wealth go over the past 10 years?
 
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