Mind. Blown.

That poor multimillionaire Trump:

Apparently some in the White House Press Corps are not familiar with taxes or economics. When the forms were released, White House Correspondent and Washington Bureau Chief for American Urban Radio Networks, April Ryan, tweeted:

Math is hard

Math is hard. Math + Economics = Inconceivable!

What's puzzling is that this woman must have paid taxes for decades. Yet, she still doesn't grasp the gigantic difference between taxable income and net worth!


Theft = Social Justice

This wicked lunacy reminds me of Michael Moore who was on Hannity's show at Fox. Hannity started by asking Moore about a fair tax rate. Moore replied that Hannity's tax rate should double. In the name of fairness, of course.

Hannity said that he pays 60% in taxes. It's impossible for him to pay twice as much.

Here, in Ontario, Canada, a man making $1 million a year would pay half his income to government. Note that's just income tax. Afterwards, he has to pay sales tax (13%) and property tax. So, the government is easily taking over half his money every year! Yet, historically, financially and economically illiterate clowns want him to pay more. Because privilege.

Everyone ought to pay one, only one!, income tax rate. That would be fair.


Crushing debt in Canada

Self-inflicted misery:

It’s bad enough Canadians continue to pile on consumer debt, but the kind of debt is astounding.

According to credit rating agency, TransUnion, the average non-mortgage consumer debt load is $21,912 – up 2.2 per cent from last year. That includes financing for consumer items like furniture or vehicles.

A woman at my workplace got a nice SUV on credit a few years ago. Her monthly bill for operating that beast was $1,800. She spent more on gas in one month than I did on my transportation in one year.

Also, this is similar to how phone companies offer their services. In effect, it's credit. I know of many people who get a new phone "on a plan". Had they bought the phone up front, they could have saved 10% or more over a two year period.

TransUnion says the average balance owing on credit cards is $4,094 – up 2.3 per cent from last year. At 18 per cent, interest on that amount - compounded annually - will more than double in five years to $9,366.

No wonder the credit card companies and the Canadian banks are raking in record profits.


International Vagina Day

CBC brings us this shocking news:

Canadian women earned 87 cents an hour for every dollar made by men in 2015, according to new Statistics Canada data released Wednesday to mark International Women's Day.

The data, which reflects the hourly earnings of Canadians aged 25 to 54, shows the gender wage gap has shrunk by 10 cents since 1981, when female workers earned 77 cents for each dollar earned by men.

What an utterly misleading statistic. Amazingly, its partial refutation comes later in the same news story!

"The gender pay gap partly owes to the differential allocation of female and male workers across occupations," wrote Moyser. "Women are overrepresented in low‑paying occupations and underrepresented in high‑paying ones."

Yeah. Let's look at a few penis-powered professions in Canada:

  1. Heavy-Duty Equipment Mechanics
  2. Bricklayers
  3. Truck and Bus Mechanics
  4. Steamfitters and Pipefitters
  5. Electrical Power Line Workers
  6. Refrigeration and A.C. Mechanics
  7. Plumbers, Pipefitters and Gas Fitters
  8. Automotive Service Technicians
  9. Electricians

The percentage of men in all the professions listed above is at least 98%! For some strange, inexplicable reason women don't want to work in the relatively high paying jobs above. And then they bitch about the gender pay gap!


No money

CBC News:

Almost half of Canadians 55 years and older say they are not on track for their retirement planning, a new poll commissioned by the Royal Bank of Canada suggests.

In an online survey of 2,033 adult Canadians commissioned by the bank but conducted by Ipsos, 46 per cent of poll respondents said their No. 1 concern was whether or not they will have enough money to retire on.

Some have zero.

According to the survey, roughly one sixth of Canadians aged 55 or older haven't started to plan for their retirements.

Worse, many have debts to pay off. I know several people in their 40s and 50s who sold their old, "small" house to buy a new, bigger house and go into debt for 25 years. Their savings rate now is basically nil. They'll start saving for retirement in their 60s and 70s.


Modern vampires

The club crest of Spanish soccer team Real Madrid will be altered to remove the traditional Christian cross from clothing apparel sold in some Middle East countries under a regional deal.

Marka, a retailing group in the United Arab Emirates, has been granted exclusive rights to “manufacture, distribute and sell Real Madrid products” in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman, the company said in a statement on Tuesday.

Muslims in the West whine about how the oppressive West won't let them cover their women in public -- that the West is afraid of a small piece of cloth. Yet, here tens of millions of fragile Muslims can't handle the mere sight of a tiny cross.

Real madrid cowards


A city for the rich

Only Hong Kong and Sydney beat it:

For yet another year, Vancouver has the dubious honour of being one of the most unaffordable cities for housing, according to annual international study.

Vancouver ranks 3rd in the 2017 Demographia International Housing Affordability Survey, down one spot from 2016 when it was second.

Fantastic location + warm winters + low interest rates = Crazy demand.

Of course, when prices get too high, we get this result:

This year's study notes Vancouver has also experienced modest net domestic out-migration, meaning more people moved out of the city than moved in.


Canadian obligations

The Toronto Sun:

A Canadian family of four — yes, you — pays $7,009 a year toward government debt. JUST IN INTEREST.

That number will only increase in the near-future.

How, you ask, could it be so much? How did we get to this sorry state?

Easy. Federal and combined provincial debts jumped half a trillion dollars between 2007 and last year, to a gob-smacking $1.4 trillion.

Just like the US, the Canadian economy is now powered by debt. The government and the average Canadian is neck-deep in debt. A serious shock -- oil price collapse, global economic downturn, a 9/11-level terrorist attack in Ontario -- is going to be economically painful.

If people don't save and keep on borrowing and borrowing and borrowing in relatively "good times", then their isn't much credit available when the genuine bad times hit them like a sledgehammer.


A toll for fools

Vox Day collects the facts regarding white women who get into relationships with blacks.

There is a common phrase one hears among skeptics of biracial relationships between blacks and whites, "burn the coal, pay the toll". But given my background in economics, I couldn't help wondering what, precisely, is the toll? Here are some relevant facts, figures, and probabilities for white women contemplating the costs and benefits of coal-burning.

Out of many, this one statistic is truly stunning:

98 percent chance of not being financially supported by the child's father.

Only 1 out of 50 black fathers pays for the child of their white sperm-recipient. That's an assembly line of misery.


Sexual Revolution

The modern feminism-infested culture of the West has made the vast majority of women miserable. Almost 1 in 3 women are going childless. This is going to be another nail in the coffin for the shrill members of the female gender.

Speaking at the International Congress of Love and Sex with Robotics, Dr Trudy Barber said sex bots will become the social norm within 25 years as technology develops to make them more lifelike.

Look for feminists to oppose sex bots with ferocity.


The government is not your friend

After driving up the cost of soda and other sugary drinks with a new tax, the mayor of Philadelphia is now trying to blame businesses for charging higher prices (and for the outrage those prices have generated).

Mayor Jim Kenney, who proposed the soda tax and championed its passage through city council last year, told reporters on Tuesday it's not the new 1.5-cents-per-ounce tax that's making it more expensive to buy a can of Coke in Philly. No, according to the mayor, those higher prices are caused by city businesses price gouging their customers in order to stir up opposition to the tax.

This isn't a small tax.

The distributors sells five-gallon boxes of syrup that can be used in soda fountains, and each box costs a retailer about $60. Thanks to the city's new tax, though, retailers have to pay $57.60 in taxes for each of those boxes of syrup.

That's a stunning 96% tax on one product. The public is rightly pissed off about their price increase. Now, the idiot mayor thinks that he can shift the blame to the businesses for their "price gouging".


Insufficient Vaginas Problem

CBC News:

Lost in Tuesday's news that Canada's 100 top-paid CEOs made 193 times what the average worker did in 2015 is the fact only two members of that elite club are women.

The lack of diversity reflected in the Canadian Centre for Policy Alternatives' list may seem hard to believe, but not so for the experts who've been studying the problem. In fact, a recent report by consultancy Rosenzweig & Co. found that among the 100 biggest companies in Canada, only eight have female CEOs.

The numbers don't look any better when other executive roles such as chief financial officer and chief technology officer are included. Of 526 such positions at Canada's biggest companies, only 42 are held by women.

8% of the positions are held by women. Of course, we know where this is going.

"The obvious explanation, sadly, is that there still is discrimination happening," managing partner Jay Rosenzweig said in an interview Tuesday. "It's either overt or covert hostility."

No data, no evidence, no proof needed. It's obvious, you fool! Just because men hold 92% of the positions, that is all the evidence we need.

What's strange is that such convenient "logic" is not applied to other male-dominated fields. Let's look at a few other penis-powered professions in Canada:

  1. Heavy-Duty Equipment Mechanics
  2. Bricklayers
  3. Truck and Bus Mechanics
  4. Steamfitters and Pipefitters
  5. Electrical Power Line Workers
  6. Refrigeration and A.C. Mechanics
  7. Plumbers, Pipefitters and Gas Fitters
  8. Automotive Service Technicians
  9. Electricians

The percentage of men in all the professions listed above is at least 98%! These are catastrophically serious cases of the Insufficient Vaginas Problem. However, feminists and the mediocre media don't go around crying discrimination and hostility in these cases. I wonder why ...


The crash will be painful

Toronto Star:

The average price of a new detached house in the Toronto region has risen a staggering 27 per cent, or $258,000, in the last year to an average $1.24 million, according to the latest statistics released by Altus Data Solutions for the Building and Land Development Association (BILD).

It looks like Toronto has surpassed the other crazy Canadian city.

The new home numbers come a day after RBC reported that the Toronto region has surpassed Vancouver as the least affordable home market in the country.

Wages have been stagnant. The TSX has gone up a puny 12% since the start of 2014. Lot of people have gone neck-high in debt to buy their house because, can't you see!, real estate prices always go up.

The Bank of Canada will be under pressure to raise interest rates in the coming years. The crash will be very likely then. The prices of houses will plummet but the mortgage payments will increase! History will repeat itself.


Guns and ammo.

The Euro elite were right: the rapefugees are good for the economy!

Gun stores have reported a quadruple growth in the sales of firearms, with some owners attributing the sales to a spike in violent crime.

During an interview with NRATV, Jeffrey Pang, who works for Austria's oldest firearms store, linked the rise in the self-defence market to "the immigrant crisis in Europe".

I wonder which gender feels unsafe?

The employee at the firearm store Joh Springers added: "Following the rise in attacks, customers want pepper sprays, combat training, small concealed carry weapons. "

Mr Pang said the biggest growth market for gun owners was among women who felt unsafe outside.

It's difficult for a rapefugee to rape when he's just had his balls shot off.


A world of pain

Financial Post:

An emergency fund is meant to be there in times of need, but a new survey suggests nearly half of Canadian homeowners would be ill prepared for a personal financial dilemma such as job loss.

Zero savings and significant mortgage debt in a world with no job security. Add a family and it's an extremely stressful life.

Manulife says among those polled, homeowners had an average of $174,000 in mortgage debt, with an average of 28 per cent of their net income going toward paying off their home each month.

About half (46 per cent) of those polled say they would have difficulty making their monthly mortgage payments in less than six months if their household’s primary income earner lost his or her job.

Canadian banks have slowly started raising interest rates already. Looking at historical patterns, interest rates will go up in the next few years. This is going to suck for a lot of Canadians who splurged on new homes in the last five years. The shock is going to be two-fold: their mortgage payments will increase while their house price slumps!


No more whitey

Captain Capitalism:

We all know that white people, especially the males, are to blame for everything bad that has ever happened to anyone and are to be blamed for all bad things that will happen in the future. This is a fact because it's taught in the public schools, both K-12 and college, and our politicians say so.

But just for a little fun I decided to "economics" a little bit and see precisely what the US would look like if we were to remove white people from the picture. More specifically, what would the economy, our standards of living, government, and taxation look like if we just got rid of those nasty, nasty white people.


Problematic problems

Calgary Herald:

Calgary ranks near the very bottom of the best cities in which to be a woman in Canada, a new study finds.

Calgary placed 23rd out of 25 of the country’s largest metropolitan areas. Victoria was tops while Windsor, Ont., was last. Despite having a premier that hails from the city, Edmonton doesn’t fare well either, at No. 22 on the list.

One can see this coming from a mile away:

“Women earn 65 per cent of what men earn in the city (full time and full year). The national average is closer to 70 per cent. That’s what’s causing the score to be so low.”

There are two major problems with "THE WAGE GAP":

  1. Supposedly sexist employers are paying women less money for the same jobs. In this case, 65 cents to a dollar. These employers hate profit so much that they're willing to hire males who are over 50% more expensive than females. These businesses can save boatloads of money by simply firing all the guys and hiring only women.
  2. It's against the law in Canada. Why don't these women who are paid significantly less than their male colleagues go to the government and file a complaint? If, indeed, they are being paid less for the same job (with the same qualifications and same seniority level and equal number of hours worked), then great; they'll win and the employer will have to pay them their just wages. Why do we have hundreds, thousands (millions?) of women in Canada who needlessly accept lower wages?

The reality is that the wage gap is a pile of horse shit. Women, especially married women, make different choices and work fewer hours than men. Thus, over the full year, women earn less. That's why we don't hear about them taking legal action over the mythical wage gap.

But what about the dreaded IVP?

McInturff also noted that Calgary doesn’t have a lot of women in elected office — two out of 14 city councillors and eight of 25 MLAs — or in senior management positions. A recent report produced by the Alberta Securities Commission and the University of Calgary’s Haskayne School of Business concurred. It found the number of women named directors of companies in Alberta is increasing, but slowly. Of the 2,645 directors serving on boards of Alberta-based issuers, 190 — or 7.2 per cent — were female in 2016.

You do know the IVP, right? The Insufficient Vaginas Problem! Another bullshit issue for people with low IQ and too much time.

When it comes to carpenters, construction labor, truck drivers and elevator mechanics, women don't even represent 10% of such jobs. Why don't the SJWs whine about the IVP in these cases?


Doh Canada

Feeding the beast:

The Trudeau government’s performance is easier to track—at least at first glance—in the realm of taxation. In the March budget, the government made good on its promise to cut the income tax rate to 20.5 per cent from 22 per cent on earnings between $45,282 and $90,563. It also raised taxes on income in excess of $200,000 to 33 per cent, from 29 per cent. The change was a key part of Trudeau’s promise to offer “real help to Canada’s middle class and all those working hard to join it.”

Wait a minute.

With the government estimating more than a million Canadians don’t have enough money for retirement, Trudeau is also claiming victory after B.C. last week agreed to ratify a deal signed earlier this year to expand the Canada Pension Plan.

So, the federal government cuts taxes for the middle class and then increases our CPP contributions at the same time. Net result?

Charles Lammam, the director of fiscal studies at the Fraser Institute, says his calculations show that those middle-income Canadians set to receive a tax break from the federal government will actually see the overall amount of tax they pay increase as a result of additional CPP contributions made by themselves and their employer—even after they deduct a portion of those payments on their income taxes. “They’re not getting that tax break they were promised,” says Lammam, who also takes issue with the wisdom of raising taxes on wealthier Canadians who already face a high rate. “It’s worse even for lower-income Canadians—people below the $45,000 mark. They’re not going to see any personal tax cuts, but now they will be paying more in CPP. They won’t get anything as a result of the government’s tax plan.”

That's right. Thanks to the Liberals in Canada, almost all Canadians will take home lower pay after their taxes and mandatory contributions are deducted.

The doctors and engineers have it the worst. The provincial and federal top marginal income tax rate in Ontario is 54%! And when these professionals want to buy a product with their leftover cash, there's a 13% sales tax! Utterly immoral.


The Knowledge Problem

It's an old issue that still plagues the peoples of the world today.

In A.D. 301, the famous Edict of Diocletian was passed. The Emperor fixed the prices of grain, beef, eggs, clothing, and other articles sold on the market. He also fixed the wages of those employed in the production of these goods. The penalty imposed for violation of these price and wage controls, that is, for any one caught selling any of these goods at higher than prescribed prices and wages, was death.

We've found solid evidence:

In the Greek parts of the Roman Empire, archeologists have found the price tables listing the government-mandated prices. They list over 1,000 individual prices and wages set by the law and what the permitted price and wage was to be for each of the commodities, goods, and labor services.

Most don't learn from history. Most don't even bother reading it!

A Roman of this period named Lactanius wrote during this time that Diocletian “ . . . then set himself to regulate the prices of all vendible things. There was much blood shed upon very slight and trifling accounts; and the people brought no more provisions to market, since they could not get a reasonable price for them and this increased the dearth [the scarcity] so much, that at last after many had died by it, the law was set aside.”

The theory was perfect. It was the men who were flawed. Hence, they were murdered.


Boon for Soros, Doom for the West

What benefits Soros will not benefit the natives of Europe.

Billionaire hedge fund manager and political donor George Soros has said Europe must welcome huge numbers of asylum seekers and economic migrants, claiming they will benefit the economy.

More:

Given the aging population in Europe, the benefits [of migration] significantly outweigh the associated problems and the cost of integrating migrants.

We have an ongoing social experiment on a global scale. Europe, the US and Canada are taking in millions of Muslim rapefugees migrants whereas sane nations like South Korea and Japan are not. We shall see in real-time the mythical benefits of die-versity.

That aging populations should be offset by the mass importation of migrants has been described as a “Ponzi scheme” by Dr. Joseph Chamie, director of research at the Centre for Migration Studies. He argues that GDP growth driven by mass migration boosts companies’ profits at the expense of quality of life and the environment.

That's why many myopic firms in the West are for mass migration. What they refuse to see is that they are importing war. The future economies in the West are not going to be sustained by in-breeding, illiterate barbarians who worship a tyrannical, sex-slave-owning warlord. 


Financial Freedom

A fantastic talk by the Canadian man who attained financial independence at 30.

Pete Adeney, or Mr. Money Mustache as he’s more commonly known online, retired at the old age of 30 in order to start a family. Six years into this new life, he realized his peers were still not only stuck in their well-paying jobs, but barely able to meet their ever-increasing lifestyle inflation bills.

Thus, Pete formed the blog Mr. Money Mustache to teach fellow Americans how to live a slightly less ridiculous life than average, in order to amass an incredible surplus of money while they’re still able to put it to good use. The blog has since reached over 16 million people and become a study on life, happiness, and the joy of being able to focus on work that means something to you.

It's incredibly simple to save, invest and retire but too many people inflict misery upon themselves. A few examples from my former workplace follow.

Example #1: I know two people who started working there before I was born! I finished high school, got my degree, got the job, saved (hopefully) enough and then left. The two buffoons are still there!

Example #2: This woman was talking about her brand new SUV. She said that she didn't have to pay for it! I asked her to explain. You see, she was financing it over 8 years. She said that with the payments, gas, insurance, and maintenance, it would cost her roughly $1,700 per month. My jaw dropped.

That's $20,000 per year. $160,000 over 8 years for the convenience of an SUV. She drove it back and forth alone to work every day.

Example #3: A married guy was talking about his new house. I thought that he rented before. Nope. He was upgrading to a bigger house in a much better location. Wifey insisted. Of course, that meant a titanic mortgage.

  • His savings every month? $0.
  • Amortization period? 25 years.
  • His age? 45.
  • His investment portfolio value, in the future, at age 70? $0.

To make matters worse, he was unfairly treated like shit by the bosses at work. He couldn't really do much because then the all-important cash flow would be impacted. He has a stressful life.

Example #4: A married woman was talking about the crazy increase in real estate values in the Greater Toronto Area. She wanted to upgrade to a new, shiny, larger house but the prices were just too high. I mentioned doing the opposite: selling her house in the hot market and then renting an apartment and investing the large difference.

NO!

She said that she couldn't live without her house. "What specifically can't you live without?" I asked. She loved the patio in the backyard. She loved sitting there and having her drink to alleviate the stress of working.

The whole situation is painfully circular. She already has a sizeable house for which she has to pay mortgage...she must put many stressful hours at her job...to pay for the house in which she could relax!

Conclusion: Now, I do understand the attraction of having a house. I've lived in rented accommodations my entire life. I've lived in four different countries at dozens of addresses. It would be very nice to have my own house with a few tasteful Trump signs. However, I wouldn't sacrifice my financial freedom to do so.

If you make $500,000 annually and you buy a $1 million house, then it's not an issue but most Canadians, and my mentioned colleagues above, make around $50,000 a year and they're looking at properties that do cost close to a million dollars! That's 25 precious years of zero savings. When they turn 65, almost their entire wealth will be their house! You can't eat real estate.


Sharianomics Success Stories

From Egypt:

Thirty months after several senior figures in political Islam inaugurated the first hotel abiding by Islamic Sharia in Hurghada, the hotel closed its doors due to losses.

The owner of the hotel terminated the contract with the renter.

The hotel did not allow guests to drink alcohol and kept men and women separate.

Its failure will forever by a mystery.

From Malaysia:

Last December, Malaysia inaugurated its first halal-compliant airline, Rayani Air, one of just a few airlines in the world to comply with Islamic principles.

Wait for it.

Flight attendants were required to wear a headscarf, no alcohol was served, all food was halal-certified and prayers were recited before each flight.

Wait.

Plagued by complaints of late flights, last-minute cancellations, a pilots’ strike and an unsuccessful safety audit, however, the airline was shut down in June.

Sharia Air crashes and burns.


Political Bill

CBC News:

Canada's open approach to immigration and its willingness to welcome tens of thousands of Syrian refugees is an "enlightened" move that will benefit the country's business sector, Microsoft co-founder Bill Gates says.

Yeah, that's what Syrians are famous for: providing explosive boosts to the economy. Why would Gates utter such nonsense?

In 2014, the Canadian government sped up the immigration process by exempting Microsoft from having its foreign employees complete labour market impact assessments.

The federal government has been criticized for the move, as Microsoft faces accusations of using Vancouver as a "staging ground" for non-Americans to qualify more quickly for a transfer to the U.S.

His public praise for Prime Minister Zoolander is just a form of big business chumminess with big government. They'll all look like short-sighted opportunistic fools when a Syrian gang unleashes a Black Swan from hell in Canada.


The basic stuff

Chicago Boyz:

I try to promote financial literacy and have helped many friends and some family members when they ask questions. Ideally we would actually drive financial literacy through school and into the university. Even those who have a degree in finance or accounting often lack practical advice on personal finance and don’t know how to approach these issues.

A colleague of mine asked me about stock market returns some year ago. I told him that it averages 8% in the long run. So, if you invest a $100,000, then in ten years--

"You'll have made $80,000," he said.

Sigh. Is compound interest that difficult?


The spending is the issue

Financial Post:

A new survey highlighting the fact almost half of working Canadians are living paycheque to paycheque reveals the inevitable corollary of failing to save enough: For most of us, retiring before age 60 will be a pipedream if we don’t get our saving act together.

This from one of the richest countries in the world:

Almost one in four (24%) don’t think they could come up with $2,000 if an emergency arose in the next month.

Don't these people have a credit card or a line of credit to tap into? Or, horror, those are already maxed out!? This is the case for far too many people. If their incomes go up, then their spending increases proportionally. Most of them saved 0% before and after getting extra cash, their saving rate is still stuck at 0%.

Anecdote #1: a few years ago, a woman at my workplace was telling us her sad story. She graduated university and immediately went into debt by purchasing a house. Every month after her mortgage payment and other expenses, she had no savings.

A few weeks later she was talking about driving into the heart of Toronto for a ... hamburger. That was a two-hour round trip.

A few months after that, in March, she did her taxes and pleasantly found out that she'll be getting a $1,000 refund. She immediately went on a one-week vacation and burned through a grand -- it went on credit. She spent the bloody money before she even had it!

Anecdote #2: a woman was telling us how life was so uncomplicated before she had children. She, with her husband, used to live in a condo, went to a pricey gym, dined at fancy restaurants, had parties on weekends and on and on. Now, with kids, every single cent goes towards managing the household expenses. They have no money for the gym, restaurants or other necessary luxuries.

Guess how much they saved before the kids ruined their paradise?

Anecdote #3: I read this story in the news a few years ago. A childless, working couple were making approx. $250,000 a year in after-tax income. Their spending patterns were meticulously detailed: house, utilities, food, dining, clothes, pets, gym, booze, etc.

The last item was savings. $0. If you can't save for a rainy day or retirement when you're making a quarter million a year, then when will you?


Apple + Ireland vs. EU: Dawn of Drama

Financial Post:

Apple Inc. was ordered to repay a record 13 billion euros (US$14.5 billion) plus interest after the European Commission said Ireland illegally slashed the iPhone maker’s tax bill.

How does the EU decide what Ireland did is "illegal"? Isn't Ireland independent? Doesn't Ireland have its own rules and regulations?

“I disagree profoundly with the commission’s decision,” said Irish Finance Minister Michael Noonan. Ireland’s tax system is founded on the strict application of the law “without exception,” he said.


Compassionate Canadian Government

A colleague of mine told this story some years ago. Her friend had gone to the hospital to see a doctor about some strange spots on her skin. This was in the beginning of August. Eventually, an appointment was made for the end of August. Her friend left and then came back a few weeks later. The receptionist started laughing. She was told that the appointment was for the end of August next year. If your dog had some skin problems, then you could go to a doctor now and have the issue sorted out in a matter of days.

Most Canadians who haven't dealt with the health care system are very positive about the whole twisted socialist scheme. It's only when they, or someone close to them, gets seriously sick do they grasp the horror show.

I know one elderly person who messed up his knee. It was immediately obvious to the doctor that a surgery was required. He waited over six months. Depending on the province you live in and the surgery you require the median wait time can be over 12 months!

Anyway, this is the story that prompted all that:

An elderly Canadian couple who've been married 62 years are being forced to live in separate nursing home facilities because a backlog in the Canadian health care system has made it impossible to move Wolf Gottschalk out of the transitional nursing home where he currently lives into the care facility where his wife Anita is living.


Painful finances

CBC News:

Jing cobbled together a 10 per cent deposit on the $560,000 property by borrowing from her parents in China. She said they in turn borrowed money from friends and family.

This was a big mistake by Jing. She cobbled together a) all her money, b) savings of her parents, and c) cash from friends. Of course, what the moronic government in British Columbia did next made things much worse:

But last month, 12 days after Jing signed the purchase contract, the B.C. government threw a wrench in Jing's Canadian dream when it levied a 15 per cent property transfer tax on foreign real estate buyers in the Vancouver area.

Jing is not a permanent resident in Canada, so the tax adds $84,000 to the home's cost, something she's certain she can't afford. But if she backs out of the deal, she would lose her deposit of about $56,000.

It doesn't matter who you are; a Canadian or a foreigner. Putting all your money in real estate is a huge risk. Jing, fresh out of university, with no income stream now has ugly losses in front of her.

Anyway, this property transfer tax on foreign buyers, introduced in late July 2016, is quite puzzling. Take a look at this graph (from Garth Turner):

Vancouver is fucked

The average detached house price in Vancouver in March 2016: $1.5 million.

The average detached house price in Vancouver in July 2016: $1.15 million.

That's a stunning 23% crash in just four months! So, why did the B.C. government introduce this dumb tax? Because politics. They have got to show the economically and financially ignorant voters that they're doing something!

Jing doesn't have a vote. So, screw you Jing!


Give me a break

Denver Post:

Colorado’s labor department has ruled that more than 100 Muslim workers fired from a Fort Morgan meatpacking plant are eligible for unemployment benefits because a company cannot force workers to choose between their religion and their jobs.

The workers filed for unemployment payments after they were fired in December by Cargill Inc., amid a dispute over whether the Muslim employees could take prayer breaks during their shifts.

There are five prayers in a day for Muslims. Each prayer, including cleaning rituals, can take anywhere from ten to fifteen minutes. Let's say that during his shift, the Muslim worker has to take three prayer breaks. That's up to 45 minutes of time on the clock for which no work gets done. Don't be surprised if the Muslim worker expects to get paid for that break. In an eight hour shift, that amounts to almost 10% charity from the business. With razor thin profit margins (5% or less), that's just dumb.

It's better to simply not hire the morons in the first place.


Moist millennials

Financial Post:

Millennial are not giving up on the dream of owning a detached home, despite national prices soaring to record levels, buoyed by average prices that routinely reach seven figures in hot markets.

Why do a majority of millennials want to buy a crazy expensive detached house in Canada?

Part of what also drives them is this idea that real estate will always be a good investment. The survey, which was conducted online by Ipsos between May 31 and June 2, 2016 and is considered accurate to within 3.5 percentage points 95 per cent of the time, finds 77 per cent of Generation Y thinks real estate is a good investment. A year ago only 70 per cent felt so.

Life is tough. It's tougher when you're stupid.

If you're an average 25 years old, then you probably don't have a lot of savings. To buy a house, you'll have to borrow money from a) Dad, b) Mom, and c) the bank. This means that even with a nice job you'll have basically zero money left for savings. All your cash will be going into your investment house. Your mortgage will be done when you hit 50.

You'll be half a century old with no money. You'll have a house which you cannot eat. This is a very bad idea.

I'm not saying don't buy a house. I'm saying: don't buy a house when you have to put all your current savings and your future 25 years of savings into the monstrosity. House prices do fall. Less than a decade ago, they crashed by 30% in the US. That would suck when your one and only "investment" collapses in a similar fashion.


Not respecting Demand and Supply

This is one of the most bizarre and asinine things I've read:

But others also contend that the appearance of new residential skyscrapers won't automatically reduce housing prices.

"You cannot lower the cost of housing by building more. Supply creates its own demand," said Amit Ghosh, chief planner for The City.

If more market rate dwellings are built, Ghosh predicted, "rich people living outside would want to come to San Francisco to fill them. And how does that relieve our supply problem?"

What, pray tell, is the solution?

The answer, Ghosh said, is subsidized housing.

Of course, bigger government. That, by the way, was written in 1999. Since then, San Francisco has become the most expensive city in all of the USA. Economics is not an exact science. However, the basic Laws of Demand and Supply apply everywhere in the world. Ignoring them causes misery.


Oh Canada

The Financial Post:

The Alberta wildfires torched the Canadian economy in May, which saw the GDP contract by 0.6 per cent — the country’s deepest one-month decline in more than seven years.

On Friday, Statistics Canada’s latest reading for real gross domestic product revealed the extent of the economic damage caused by the blaze that roared through the heart of oilsands country.

The solution is simple. We need to buy more local oil.

Hot Lesbians for Canada

Do it for Canada!


Sweet sweet socialism

Isn't this just lovely:

Starting today, most Canadian families with children under 18 can expect to see a bigger child benefit payment, as money starts flowing in one of the most ambitious social policies to be implemented in Canada in decades.

The Canadian government debt: $1,300,000,000,000.

Under the new CCB, families with children under the age of six will receive as much as $6,400 per child per year. Families with kids between six and 17 will receive a maximum of $5,400 annually under the new plan.

Thanks to Prime Minister Zoolander that debt is going to increase by a significant amount in the foreseeable future. Debt is one issue; the tax system is another.

We have a progressive income tax system in Canada. Let's take a look at two simple examples:

  1. If you make $1,000 per month in Ontario, then your entire income tax for the year will be approx. $180. This means your income tax rate is 1.5%.
  2. If you make $100,000 per month in Ontario, then your entire income tax for the year will be approx. $606,166. This amounts to an income tax rate of 50.5%.

The people who are "poor" are already getting the benefits of a generous and progressive income tax system. But now, in addition to being half-slaves of the state, the rich have to fork over more money to pay for poor families. (Who do you think is going to pay even higher taxes in the future for the additional debt?)

On the same topic, here's a timely video by Dennis Prager:


The return of the clocksucker

Fox News:

Ahmed Mohamed, the Muslim teenager who made headlines last year when he was suspended for bringing a homemade clock to school in Irving, returned to the United States Monday afternoon.

Follow the money.

Ahmed’s family is still suing Irving ISD and Irving Police for $15 million in damages, according to Mohamed's uncle.

The best response to this little shit was by Stefan Molyneux.


Gérard Goes Galt

One French actor has had enough:

The French actor whose eccentric personality has come to symbolise a certain, old fashioned form of Gallic love for good food and the pleasures in life, also known as a "bon vivant," said he is finished with the country, in a letter published in the Journal du Dimanche.

Take a look at these staggering numbers:

He said he paid 85 per cent of his income in taxes in 2012, and over 45 years, has paid 145 million Euros – or £118 million – in taxes.

Still, the socialist politicians scold this burdened fellow:

However the minister of culture, Aurelie Filippetti, joined her Socialist colleagues who criticised the actor's decision on Sunday. She said he was "deserting the field in the middle of a war against the [economic] crisis," and that "French citizenship is an honour, and includes rights and also duties, which include the ability to pay taxes."

Ability! He paid 85% tax this year. He's practically a slave of the French state. There's no "honour" in that.


The locust class

Mark Steyn:

Republicans think they're importing hardworking immigrants who want a shot at the American Dream; the Democrats think they're importing clients for Big Government. The Left is right: Just under 60 percent of immigrants receive some form of welfare. I see the recent Republican proposals for some form of amnesty contain all sorts of supposed safeguards against gaming the system, including a $525 application fee for each stage of the legalization process. On my own recent visit to a U.S. Immigration office, I was interested to be told that, as a matter of policy, the Obama administration is now rubber-stamping all "fee waiver" requests for "exceptional hardship" filed by members of approved identity groups. And so it will go for all those GOP safeguards. While Canada and Australia compete for high-skilled immigrants, America fast-tracks an unskilled welfare class of such economic benefit to their new homeland they can't even afford a couple of hundred bucks for the necessary paperwork.

That's just lovely.


The decay continues

A three-year-old post about California's decline. Victor Davis Hanson has also written about the deterioration of society in his own part of California. The noxious combination of illegal immigration, an overloaded and thus broken melting pot, and white liberal guilt is causing havoc in the once golden state.

What can be done? It seems it's too late. The financial and cultural price has to be paid for decades-long dumb policies.


Abnormal Americans

Tom Scocca:

There is a real, airtight bubble in this election, but it's not Obama's. As a middle-aged white man, in fact, I'm breaching it. White people—white men in particular—are for Mitt Romney. White men are supporting Mitt Romney to the exclusion of logic or common sense, in defiance of normal Americans. Without this narrow, tribal appeal, Romney's candidacy would simply not be viable. Most kinds of Americans see no reason to vote for him.

I find this quite amusing: Without that tribal appeal, Romney couldn't win. A spectacular number of blacks (90%+) voted for Obama four years ago and yet the "tribal" tag is being put on Romeny for appealing to 60% of whites.

Of course, if you support Romney, then you're a racist. For example, here's what Scocca has to say about Romney's "47%":

In white people's political English, "personal responsibility" is the opposite of "handouts," "food stamps," and particularly "welfare," all of which are synonyms for "niggers." This was Ronald Reagan's rallying cry, and it was the defining issue for traumatized post-Reagan white Democrats.

Wow. At least when Scocca was writing about most whites voting for Romney, he could use the racist angle. But now, when the issue is largely economics, it's also because those whites hate niggers!

It seems Obama is winning the majority of the asshole vote.


Leave the economy alone

Nick Gillespie via Instapundit:

Having sunk most of his savings into the venture, it went belly up, he said, partly because of a bad economy but also due to “federal, state and local rules that were all passed with the objective of helping employees, protecting the environment, raising tax dollars for schools, protecting our customers from fire hazards, etc.”

Lamenting his lack of business experience while he was a legislator and presidential contender, McGovern concluded that “ ‘one-size-fits-all’ rules for business ignored the reality of the marketplace.”

As he explained, “setting thresholds for regulatory guidelines at artificial levels -- for example, 50 employees or more, $500,000 in sales -- takes no account of other realities, such as profit margins, labor intensive vs. capital intensive businesses, and local market economics.”

Too many people don't understand the stress businessmen deal with. Most businesses, like the above example, lose money. McGovern's policies were in the abstract, theoretical realm but once he saw the ugly reality he realized just how out of touch and idiotic politicians are. 


So many contradictions

The Telegraph:

The core values of women’s education, emancipation and entitlement to respect must endure: but some of the wilder shores of Western feminism are ridiculous.

[Emphasis mine.]

Entitlement to respect? Why would anyone, man or woman, be entitled to respect? The author writes that in the context of female babies who get aborted before birth because of their gender.

But don't we then have a conflict? A pregnant woman only has a right to abort her unborn child if she's completely unaware of the sex of the baby. However, as soon as that knowledge becomes available, then the baby ought to be respected if the baby is a she.

Some "value" that.

More:

Great that women’s earnings have risen: but it’s a little worrying that, in the United States, the family wage has simultaneously fallen, and sometimes more than a little worrying that it now usually takes two salaries to raise a family. Where is the “choice” in that? No easy answers!

One of the reasons that the average wage is falling is that women are entering the labor force in large numbers. So much so that today in the US most of the workers are women! When supply of something increases, it's price decreases. More workers, lower wages. It's surprising that the author isn't aware of such a simple fact.

I guess women's education doesn't include basic economics.