Bringing fairness to Ontario

Up to 185,000 jobs could be put at risk if Ontario’s Liberal government keeps its pledge to increase the minimum wage to $15.

Those are the findings of an “independent assessment” of Bill 148, the Liberal’s Fair Workplaces Better Jobs Act. The bill will hike the minimum wage — currently set to rise with inflation from $11.40 an hour to $11.60 in October, up to $14 on Jan. 1, 2018, and $15 the following year.

That's a 32% increase in labor costs in only 15 months for small businesses.

Progressive Conservative labour critic John Yakabuski said the Liberal government needs to conduct its own economic impact study of the new bill.

“It’ll be a tragedy if all of these 185,000 people are put out of work,” Yakabuski said in a statement. “A higher minimum wage doesn’t help if Ontarians don’t have a job to wake up to in the morning.”

It won't be surprising when these compassionate liberals dole out higher payments for employment insurance to help the poor souls who were "wronged" by their heartless employers. It's a Wynne-Wynne!


Muslims never lie

I clicked through the links to get this story:

Farmers say they're having trouble hiring enough people to work during harvest season, causing some crops to rot before they can be picked. Already, the situation has triggered losses of more than $13 million in two California counties alone, according to NBC News.

The ongoing battle about U.S. immigration policies is blamed for the shortage. The vast majority of California's farm workers are foreign born, with many coming from Mexico. However, the PEW Research Center reports more Mexicans are leaving the U.S. than coming here.

The story didn't sound right. So, I dug a bit more. That PEW Research Center report is from November 2015!

Hend Amry, a fake American, posting fake news! What has the world come to!

[...] post implied Trump was largely to blame for the lost crops because he had scared off Mexican migrant workers with his tough policies, causing the labor shortages.

That’s wrong.

Claire Wineman, the Grower-Shipper Association’s president, told us Santa Barbara County has been experiencing the same lack of workers felt by agricultural areas across California and the United States.

A labor shortage over many years is the fault of the business. Why? They are simply not offering a good enough wage. Increase the wages and the shortage will evaporate.

Oh and about that Make American Crops Rot Again:

One thing the Independent story (and therefore the LeftScoop.com post) did misrepresent was in the headline, Wineman said. The survey didn’t determine whether the crops went unharvested and rotted in the fields.

"We didn’t survey what happened, we only asked how much revenue was not realized because of a lack of workers," Wineman said. "We just don’t know that."

It's also economically nonsensical. Which farmer would refuse to pay his workers a few thousands of dollars extra only to see his $13 million of crop rot in the fields? But, of course, diligence and honesty is irrelevant when one is trying to bash Trump.


Not-so-free trade

I knew a guy who ordered $300 speakers from the US because of the low price. The delivery man told him the duty fee: over $100! If he didn't pay, then he wouldn't get the speakers. So, he ponied up.

A U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com and eBay is emerging as a flashpoint in an upcoming renegotiation of the NAFTA trade deal.

Vulnerable industries like footwear, textiles and bricks and mortar retail in Mexico and Canada are pushing back hard against the proposal by the U.S. trade representative to raise Mexican and Canadian duty-free import limits for e-commerce to the U.S. level of $800 US, from current thresholds of $50 US and $20 Canadian, respectively.

Wait, I thought that Canada and Mexico loved free trade and here it's Trump, of all people, who is pushing for reducing barriers.


No economics comprehension

Perhaps, Black women can get off their phenomenal asses and report the employers who expect them to work 58% more than White men for the same pay. So, what's stopping them? Are they too dumb or ignorant to realize that this horrible discrimination is illegal?


Dismal science

For people who wish there were more hours in the day, spending a bit of money to get rid of onerous tasks would make them much happier, but researchers say very few actually make the investment.

A study by the University of British Columbia and Harvard Business School, published Monday in the journal Proceedings of the National Academy of Sciences, has found buying time makes people happier than buying material things.

Material things can be shown off to accrue status points but here the amount of money to be spent was just $40. Even then people bought stuff instead of relaxation.

This general behavior has puzzled me. For example, I've seen many people who shop around and then buy a super-cheap laptop which they need for their work. Of course, cheap laptops are old, slow, low quality and come with a warranty that ends a few days before the laptop expires. Then, later these same people blow away thousands of dollars on a vacation that barely lasts a week.

These folks aren't poor but their spending patterns make their life, overall, miserable.


Bow down before The Credential

Interviewed on National Public Radio, a chancellor of the California community college system argued that since it may be too difficult for students, algebra, the single most failed course in community colleges across the country, should be eliminated from their requirements.

Just replace Algebra with Grand Theft Auto. The enrollment and passing rate should go through the roof.

Eloy Ortiz Oakley, chancellor of the California community college system says:

This is a civil rights issue, but this is also something that plagues all Americans — particularly low-income Americans. If you think about all the underemployed or unemployed Americans in this country who cannot connect to a job in this economy — which is unforgiving of those students who don't have a credential — the biggest barrier for them is this algebra requirement. It's what has kept them from achieving a credential.

So, low-IQ people have trouble passing a basic mathematics course to get a credential which is a requirement for many jobs. Solution: get rid of that course!

But, wouldn't that further devalue the worthless credential which will spur employers into looking at other qualifications of an individual to determine if he has a sufficiently high IQ for the advertised job?


The fruits of liberal economics

A new report from the Fraser Institute reveals Toronto has the highest hydro rates across Canada, and that electricity prices in Ontario have increased twice as fast as the national average over the past decade.

According to the report, which was released on Thursday, the average Toronto residential hydro bill is $60 more per month than the national average.

Residents in Toronto pay on average $201 per month (including taxes) for hydro – that’s an increase of $77.09 over the past six years.

Also, tuition, real estate and food prices have spiked as well. Wages? Barely keeping up with inflation. And then people wonder why Millennials are not getting married and having babies.


Putz vs. JKM

Piers Morgan is likely too obtuse to realize it but he got his ass handed to him. It was amusing to see how Morgan repeatedly brought up anecdotal examples to "refute" averages. If you told Morgan that the average annual income in Britain is $36,000, then he'll call you dim and stupid by quoting his yearly take.


The banksters of Canada

The country’s major banks are passing on the full weight of a 0.25 per cent increase from the Bank of Canada, despite the fact that on the way down consumers only received a portion of the central bank’s discounts.

When the Bank of Canada cut its interest rate down by 0.25%, the major banks in Canada cut their prime rates by only 0.15%. Yesterday, the BoC increased its rate by 0.25% and the Canadian banks increased the prime rate by 0.25%.

Why? Answer: $$$$$$$$$$$$$$$$$$$$$$$$.

“It’s quite simply greed,” said Gaetano. “There is always a focus on profits and getting more money out of the pockets of Canadians. The last Bank of Canada decrease of 0.25 per cent only garnered a benefit of 0.15 per cent to Canadian borrowers. This happened the last two rate decreases.”

Wait, banks are obsessed with profits? Those bastards!


32% increase in minimum wage in Ontario

Ontario's bid to raise the minimum wage to $15 an hour -- a move that is feared by businesses but has the support of some prominent economists -- is being put to the public this week.

Considering that MPAI, the majority will approve of this measure.

Karl Wirtz, the CEO and founder of a packaging company in Brampton, Ont., said he may have to consider bankruptcy.

It can't be a lot of money out of his pocket.

The minimum wage increase will mean an extra $1 million for WG Pro-Manufacturing's 200 -- soon to be 245 -- employees, Wirtz said.

Just sell one of your Learjets, dude.

The company, which does co-packaging for foods and confectionery products, is focused on growth, Wirtz said, and as such is operating within tight margins. He hasn't budgeted for an extra million dollars a year and is locked into contracts with big customers. The only way he sees out of the pricing structure is bankruptcy.

Lars Osberg, a professional huckster economist, offer his take:

"A whole raft of new studies in the last 20 years have indicated that disemployment effect is very small...On average you could say it's small to negligible."

True. One firm going bankrupt and a mere 200 people losing their jobs can be considered "small" when compared to the whole province.


Educated into a biological dead end

The sorry state of the West:

A dearth of marriageable men has left an “oversupply” of educated women taking desperate steps to preserve their fertility, experts say.

The first global study into egg freezing found that shortages of eligible men were the prime reason why women had attempted to take matters into their own hands.

After decades of feminism, women are screaming for:

  • equality
  • equality
  • equality
  • equality
  • EQUALITY!

It's funny, though, when you ask a woman about what she wants in a man:

  • older than me.
  • taller than me.
  • richer than me.
  • stronger than me.
  • more educated credentialed than me.

Almost 60% of university graduates are women. How are these feminism-spouting buffoons going to find their older, taller, richer, stronger, credentialed unicorns? The more important question is: why would such majestic men be interested in these older, wrinkled, bitter, "leftover" women?

As Vox Day puts it:

Sure, they should simply settle for less-educated men. But they won't. Because hypergamy.

This obsession with economically worthless degrees and credentials is self-inflicted misery. It's worse for women because their fertility window for healthy babies is very narrow.

Some time ago, I got an email from my sister. She was applying to some silly program at a European university. She had to answer a few questions on her application. She couldn't do it by herself. So, she wanted me to help on a few statistics problems. I basically asked her, "Don't you remember this stuff?"

"Oh, I took it a couple of years ago. I forgot. LOL."

SMH.


Slaves no longer useful

The nirvana of socialized health care:

Politicians in the Netherlands are discussing the possibility of legalizing euthanasia for healthy people. The proposed “Completed Life Bill” would allow any person age 75 or over who decides their life is “complete” to receive euthanasia. It doesn’t matter if they are otherwise perfectly healthy.

Of course. The government financially rapes the hard working citizens by charging sky-high taxes and now that their tax-paying years are over ... they can just die. Let's see how long it takes before this "option" becomes a requirement. I'm sure all those new Muslims will vote for the "compassionate" solution.


Increasing the misery

This is what happens when one ignores the basic laws of economics:

As cities across the country pushed their minimum wages to untested heights in recent years, some economists began to ask: How high is too high?

Seattle, with its highest-in-the-country minimum wage, may have hit that limit.

In January 2016, Seattle’s minimum wage jumped from $11 an hour to $13 for large employers, the second big increase in less than a year. New research released Monday by a team of economists at the University of Washington suggests the wage hike may have come at a significant cost: The increase led to steep declines in employment for low-wage workers, and a drop in hours for those who kept their jobs. Crucially, the negative impact of lost jobs and hours more than offset the benefits of higher wages — on average, low-wage workers earned $125 per month less because of the higher wage, a small but significant decline.

So, thanks to the increase in the minimum wage in Seattle, these low-income folks just got an average $1,500 cut in their annual earnings. Note, that's the average. Some people, predictably, got fired. $11/hr is a lot better than $0.


Vancouver: The Last Hope

This is somewhat funny:

If you've got an idea of how to make housing more affordable in Vancouver, city officials say they're all ears.

"I think we're almost at the desperation stage," said Randy Pecarski, the City of Vancouver's deputy director of planning. "People are on the verge of leaving the city because they can't find a place to stay."

More:

The city's goal is to create the types of homes in Vancouver needed to keep people like Sabine Bruyere living here.

She was born and raised in Vancouver, lives at home with her mother and works a minimum wage job.

What's funny about this?

Canada has an area of 9.985 million km2. Vancouver? 115 km2.

Hundreds of thousands of people want to live in the 0.001% part of Canada and then they're shocked when real estate prices skyrocket! Now, this doesn't mean that people should live in the middle of nowhere, Yukon. But seriously, are you going to die of some wasting disease if you don't live in or near Vancouver?

I've seen the same madness in Ontario. I know a woman who lives in Toronto and commutes to Hamilton everyday. That's a 90-minute drive one way. This gal burns 15 hours a week just driving back and forth. She says that Toronto is awesome and she doesn't want to live in Hamilton. So, she bought a house in Toronto.

It would have been economical to live near Hamilton (close to work; save time, money and fuel!) and then enjoy the awesomeness of Toronto during the weekend. Besides, why do people want to live like sardines in a can?

Anyway, back to Vancouver fever:

"Essentially I have no real hope for the future here," she said at the housing conference. "It's wrong and I'm totally frustrated."

Such is life for a pampered millennial.


A little freedom in Canada

The Canadian government listened and acted:

The era of having to pay cellular providers to unlock your cellphone will end this year.

As of Dec. 1, cellphone customers can ask their provider to unlock their phones free of charge, the CRTC announced Thursday. At the same time, it said, all newly purchased mobile devices must be provided to customers unlocked.

I prefer buying my phone upfront and then deciding on the monthly plan. A couple of years ago, I bought a phone from Telus. The saleswoman with resting bitch face told me that my phone is locked and that it will only work with Telus. I told her that I wanted to use a Koodo plan. She explicitly said that it won't work.

An hour later I had paid for, set up and activated my Koodo plan.

Of course, Telus, Koodo and Public Mobile are all one company. So, I knew it would work. Still, it was a amusing to see just how the cell phone service providers blatantly lie to the customers.


Cheap and ugly

Muslim Girl:

On Instagram, fashionista and model Ruba Zai (@hijabhills) revealed the photos from her shoot with Dolce & Gabbana. The 23-year-old vlogger was in Marrakech, Morocco and modeled in the company’s signature abayas, scarves and sunglasses and she looks absolutely stunning!

I looked at her photos and thought, "Eww, she should have been double burqa-ed." Seriously, Dolce and Gabbana, what were you guys thinking?

I guess this "proud to be a Muslim" gal was too expensive:

Bella Hadid - very bad muslim


Free at last!

Or at least till Dec. 31, 2017:

Aside from being a Friday on the cusp of summer, this Friday, June 9 is special because it is Tax Freedom Day, says the Vancouver-based Fraser Institute.

This is the day average Canadians officially start working to bring home the bacon to their own larders, rather than turning it over to tax collectors, according to the think-tank.

Details:

The average Canadian family (of two or more people) will earn $108,674 in income in 2017 and pay a total of $47,135 in taxes, says the Fraser Institute, based on models created from data from Statistics Canada and the Canada Revenue Agency. That translates to 43.4 per cent paid out in taxes of kinds – income, property, fuel, sales, health, carbon, sin and a range of hidden taxes. If all that tax had to be paid up front, it would leave the average Canadian family paying every dollar earned until June 8 to local, provincial and federal taxes.

Thanks to the upcoming artificial boost in income from a massive 32% increase in the minimum wage in the largest province of Canada, lots of people will be pushed into higher tax brackets.

End result? Canadians will pay a higher proportion of their income in taxes in 2019. I wouldn't be surprised if, overall, Canadians start paying 50% in taxes in the next decade. That's what happens when out-of-control spending is spun as compassionate and those who want to pay lower taxes are called heartless and greedy.


The Insufficient Vaginas Problem strikes again!

Women are under-represented in the boardrooms of corporate Canada, holding just 12 per cent of board seats at 677 TSX-listed companies analyzed by provincial regulators last year. But the disparity is larger in the medical marijuana business.

Only five per cent of the board seats at publicly traded marijuana producers are currently occupied by women, according to an analysis of data conducted by The Canadian Press.

So what? I've written this before:

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%! These are catastrophically serious cases of the Insufficient Vaginas Problem. Yet, somehow life goes on. Why don't we see feminists and white knights weeping for more women in the mentioned professions?

Anyway, back to the weed:

Another challenge cited is that the pool of candidates can be limited by the stigma surrounding the industry.

"At the beginning of this, a lot of proper people who had really good resumes, male or female, wanted very little to do with the sector," said Bruce Linton, CEO of Canopy Growth Corp. (TSX:WEED).

Imagine that. Women don't want to work in an industry whose product is still technically illegal for an average person. Plus, the entire industry is young. We don't know if any given business will even exist a few years down the road.

Let's see which company goes full SJW and starts preening about its grrrl power. That'll be a big neon sign for the shorts.


The government is your friend

Some Hydro One customers want to know why the utility has applied to raise its distribution rates when electricity prices have become unmanageable for so many Ontario residents.

If the company's recent application to the Ontario Energy Board is approved, customers could see an average increase of $2.35 per month over the next five years starting in January 2018.

"I was actually pretty stunned," said Doug Bateson.

Bateson became a Hydro One customer after moving to Greely from Ottawa four years ago. He said he can't understand why the company is applying to increase rates when the government is handing out subsidies to help manage electricity costs.

It's amazing how businesses react to subsidies and higher minimum wages ... prices go up even more!

Look at universities in the US. They get a lot of cash from the government. Yet, nothing has increased in price like the rise in tuition costs for students in the last three decades.

"Why do we pay what we pay?" he said. "We constantly seem to be having to pay more and more money for it and no one seems to be able to give a real clear, concise — and I would say believable — explanation as to why."


No thank you, Ontario

Philippe Couillard says he will be watching closely to see how Ontario's commitment to raise the minimum wage to $15 an hour affects the economy in that province, but steered clear of committing to a similar raise here.

"We are always interested in what our neighbours are doing in a variety of public policies. We want to stay in touch. After all, we share the same economic space," Quebec's premier said Tuesday.

"We will see what impact it will have in Ontario — especially in areas like food services."

Clever Couillard is a Liberal. He's not going to adopt Ontario's dumb minimum wage policy. He's also not going to bad mouth it. He knows Quebec is going to be relatively attractive to small firms after the shock of higher minimum wages and soaring electricity prices in Ontario. He gains by doing nothing!


How to increase unemployment

An election is coming! Let's throw a bone to the young, ignorant millennials:

Ontario Premier Kathleen Wynne has announced a plan to increase the provincial minimum wage to $15 an hour by Jan. 1, 2019.

The increase would be phased in over the next 18 months, rising to $14 an hour on Jan. 1, 2018, and then to $15 the following January.

In just 18 months, the minimum wage in Ontario will jump from $11.40 per hour to $15 per hour. That's a staggering 31.6% increase.

Businesses that employ low-wage workers will try a combination of the following to stay afloat:

  1. Increase prices of their products.
  2. Decrease total number of hours for their employees.
  3. Fire a few workers. Can you spell A-U-T-O-M-A-T-I-O-N?

The insidious thing about such a spike in the minimum wage is that most workers will get more money in their pockets but the few (hundreds?, thousands?) who lose their jobs will be at $0 per hour.

Plus, many firms in Canada and abroad are going to think twice before opening shop in Ontario.


The joys of outsourcing

THE British Airways IT crash was caused because inexperienced staff in India didn’t know how to kick-start the airline’s back-up system, sources have claimed.

The Indians dindu nuffin!

A second source close to Britain's national carrier told The Sun: "BA have had six major IT failures in 12 months, 12 months since outsourcing their IT.

"That's appalling. No major company should be in a position where 300,000 of its customers were stranded, with little to no information.

"A whole terminal having to be evacuated after most had checked in and then sent home without bags, staff stranded and being bused hours to hotels for the night."

What was British Airways thinking when they were outsourcing their IT to another continent? I'm sure they "saved" a lot of money.


Real estate madness

Canadian house prices continue to march higher, with the average price of one sold in April hitting $559,317 — an increase of more than 10 per cent in a year.

Most of this increase is limited to two metropolitan areas.

Outside Toronto and Vancouver, Canada's housing market is much more stable. Stripping those two cities out of the equation, the national average price drops by more than $150,000 to just over $400,000 in April.

An average house price of $400,000 outside Toronto and Vancouver is still insane in a country where the average annual income is $50,000. Recently, I looked at house prices in Ontario and then in New England. Even with the unflattering exchange rate, many houses were 50% cheaper in the US!


Essential government spending

The luxury life of government workers:

Ontario taxpayers got Canada Goosed.

The Ontario Ministry of Children and Youth Services spent $53,948 buying staff at youth correctional facilities luxury brand Canada Goose parkas to keep them warm on the job.

The price for these parkas?

While the ministry is not releasing the cost of each coat, they can easily retail for $1,000 per parka or more.

I bought my winter jacket ten years ago. It's insulation is so fantastic that it makes me sweat even when the temperature drops below -20 deg. C. It cost me $200. I have paid taxes, so that such despicable SOBs could spend a $1,000 on their luxury-brand parkas -- while the government debt is exploding.

This is going to end well.


Mortgage fraud in Canada?

Lawyers arguing the Ontario Securities Commission’s case against Home Capital Group Inc. pushed to expedite the potentially-lengthy proceedings at an opening hearing Thursday.

Looks like the Canadian government wants to make an example out of HCG.

Since the OSC allegations were announced, the company, which is Canada’s largest alternative mortgage lender, has seen investor confidence erode and a partial run on its funding, with clients pulling money out of high interest savings accounts with Home Capital’s subsidiary, Home Trust.

The balances of these accounts — which have fallen from $1.4 billion on April 24 to $391 million on May 1 — help Home Capital fund mortgage lending, primarily to those who do not qualify for loans at traditional banks.

Damn.

Shares of Home Capital were closed at $6.01 in Toronto on Thursday, down more than 72 per cent since April 19.

Ouch! The shares went down to just under $6 last week and then spiked by 35% in one day. There must be a few happy day traders out there. Though, long run appears bleak for HCG. Let's see how this impacts the broader market.


Feminism is cancer

As women, especially White women who agitate most loudly for the feminist dystopia, have abandoned their prime directive — birthing the next generation — they have continued to receive largesse from the State. This is unsustainable on both genetic and economic levels. If women turn away from their natural function but continue to receive the State privileges that come attached to an assumption of fertility and child-raising, what we’ll have is an institutionalized system that privatizes profits (female coddling) and socializes costs (mass immigration to provide an ever-exapanding base of consumers for the technoborg).

Yup. What's truly profound is that immigration only kicks the can down the road. You see, most immigrants soon align their birth rates with the host population. Solution? More immigration!

That's what Canada has been doing for over thirty years. After all that, the overall Canadian birth rate is still woefully below replacement level. Today, how can a sane, average Canadian couple afford to start a family when the average house goes for over half a million dollars!?

The Ponzi-scheme-style system will have to be radically changed or eventually it will collapse.


Financial abyss to cultural suicide

For the first time, seniors outnumber children in Canada, as the population experienced its greatest increase in the proportion of older people since Confederation, according to the latest census data.

The raw numbers:

There are now 5.9 million Canadian seniors, compared to 5.8 million Canadians 14 and under.

Of course, this is going to strain various government Ponzi schemes.

"As people get older, they need more health care, more home care, and that puts increasing demands on government spending," says Dr. Frances Woolley, economics professor at Carleton University in Ottawa. "There are big challenges for the government coming on the fiscal side."

Not to worry Canadians. The imported, super-productive, not-at-all inbred, uber-tolerant Muslims are going to generously let old infidel Canadians die pay for all the high taxes through some quality hard work.


Won't you feel sorry for poor Canadians?

On May 1, the minimum wage in Quebec rises by 50 cents to $11.25 an hour – still less than the minimum wage in Ontario and Alberta, but more than the wage in the Atlantic provinces and B.C.

Representing an extra $20 a week for full-time workers – or $1,040 per year – it might pay for a month's rent or a new fridge by Christmas.

More:

"Working full-time for minimum wage means ... being stuck in poverty and having to count on food banks to make ends meet," said Virginie Larivière, a spokesperson for the 5-10-15 campaign, which calls for workers to know their work schedule at least five days in advance, get 10 days paid leave for sickness or family responsibilities, and a $15 an hour minimum wage.

($11.25 per hour) x (40 hours per week) x (50 weeks) = $22,500 per year. That's right. Making almost $2,000 per month in Canada is called "stuck in poverty".

I've lived here for almost two decades. The average monthly spending for my necessities is approximately $1,000. If I was working full-time at a minimum wage job, then I could save about half my earnings and still be classified as poor by these clowns.

"Poverty" in such cases isn't a wage issue; it's a spending problem. If you must have the latest iPhone, the newest Kate Spade handbag, the best Canada Goose jacket or the flashiest 4K OLED OMG TV, then you're an idiot. If after buying all those mentioned products, you're getting your nutrition from a food bank, then you're a bigger idiot.

No longer is poverty the lack of necessities but the lack of a personal, near-luxury lifestyle.


Ignoring basic history and economics

Before it was electricity, now it's real estate:

Financially stretched house-hunters competing for the Toronto region’s limited supply of housing won’t wake up this weekend to a drop in home prices or bidding wars thanks to Premier Kathleen Wynne’s 16-point Fair Housing Plan.

One of those lovely points is rent control which has never solved the problem of expensive houses and apartments but this time it'll be different!

“We’ve got 80,000 people a year moving into the city. We should have 30,000 new rental units a year coming on stream. Right now, and, over the last few years, the average has been 1,500,” said Jan De Silva of the Board of Trade.

Realtors and business experts say it will likely take months, maybe longer, before it’s clear whether the development charge breaks and other incentives Queen’s Park is dangling before developers of rental buildings will be enough to counteract the discouraging effects of extending rent control.

This is a major supply problem. Still, the top politician of the province just put policy in place which discourages new development of buildings. Why would someone invest millions of dollars in making rental properties today with uncertain future taxes and other costs but perpetually fixed low prices?

Worse such a policy leads to low-quality rentals and blatant discrimination. Landlords are not fond of pouring money into their houses or apartment when their revenue increase doesn't even cover inflation. A simple example of discrimination: I looked at a rental apartment and one of the requirements for applying for a lease was: you must have worked in Ontario for five consecutive years! Bye bye students, recent immigrants and rapefugees refugees. Furthermore, many people will continue to discriminate on the basis of sex (prefer females), race (Chinese) and age (25 minimum). That's the price for cheap rentals.


Doh, Canada

Air Canada has apologized to a Prince Edward Island family after the airline bumped a 10-year-old boy from a flight.

This is just incompetence:

A day before their March break vacation, Doyle said he tried to check in his family online, but he could not select a seat for his son.

Yup, a family of four paid for their tickets and Air Canada simply "bumped" a 10-year-old kid from the flight in advance without even bothering to notify the family!


Shocked by the costs

The government is not your friend:

A legion in North Bay, Ontario has had to sell its building because the hydro bill has gotten too high. With a bill coming in at $48,000 per year, North Bay Legion Branch 23 simply can’t make ends meet.

The average person doesn't know that, often, electricity bills aren't mostly based on mere electricity usage.

The bulk of most Ontarians’ hydro bills is in delivery charge, global adjustment fee, and other levies not directly connected to usage. All have contributed to hydro costs doubling in less than a decade, even while Ontario sells off excess hydro—at a loss, no less—to other jurisdictions.

A few weeks ago, there was a story of a woman who runs a business in Ontario. Her electricity usage cost was $5,000 but her total bill was $42,000!

Update
A story from last year about the insane, bloated prices for electricity in Ontario:

“Milman Industries is a prime example of how the Wynne government’s failed energy policies are hurting Ontario businesses. Their recent hydro bill was nearly $42,000, yet only $1,200 was for actual electricity. The bulk was for the Global Adjustment fee, which is simply to pay for pricey energy contracts signed by this incompetent Liberal government,” said Fedeli.

[Emphasis mine.]

The Ontario Liberals will get a severe beating in the next election.


Pounds of flesh

“The fears policymakers had in 1917 when the personal income tax was introduced — that governments would become dependent on it and that it would hurt our competitiveness — have all come true 100 years later,” said William Watson, Fraser Institute senior fellow and co-editor of The History and Development of Canada’s Personal Income Tax: Zero to 50 in 100 Years.

Released Thursday – and ahead of Canada’s April 30 tax deadline – the collection of essays also compares Canada and the United States, where 42 of the country’s 50 states have a lower combined federal-state top rate than British Columbia, the province with the lowest combined rate.

That low combined rate is 47.7% in BC. Here in Ontario, the combined top rate is 53.5%.

It's amazing how quickly the financial situation in Ontario has deteriorated in just the past two years. A few examples:

  1. Income tax rates have increased.
  2. The electricity rates have skyrocketed -- especially in rural parts.
  3. The real estate market is out of control. In my area, prices have jumped by 33% in one year!
  4. The TFSA annual limit of $10,000 was reduced to $5,500. For comparison, in the UK, the annual limit for an ISA account is a staggering $33,500! Imagine the ability to save and invest all that money (every year!) without worrying about the capital gains tax.

Of course, the Liberals are in power at both the provincial and federal level. So, all this isn't a surprise.


The sorry state of real estate

The average annual income in Toronto is about $72,000.

Toronto home prices continued their unabated climb last month, the city's real estate board said Wednesday in what could serve as a prelude to the critical spring homebuying season in the country's hottest housing market.

The average selling price for all properties in the Greater Toronto Area jumped from $688,011 to $916,567 over the last year -- a rise of 33.2 per cent, the Toronto Real Estate Board said.

Note the wording: that's the average selling price for all properties.

The average price of detached houses in the Greater Toronto Area was $1.21 million in March, up 33.4 per cent from last year. For the city of Toronto, the average price of detached properties hit $1.56 million, an increase of 32.8 per cent from March 2016.

[Emphasis mine.]

Oddly enough, the average income in Toronto didn't increase by 33% during the same time frame. People are gleefully burying themselves in gargantuan debt because, just look!, house price always go up.

There will be a lot of pain, suffering and misery when the crash occurs.


The Iron Law of Demand and Supply

The government is not your friend:

Rent control policies implemented more than 20 years ago aimed at helping low-income Ontarians get affordable housing are having the opposite effect now, and making accommodation even harder to find, an economist with the CIBC argues in a new report Tuesday.

Don't you think that the iPhone is expensive? Lucky you! The Government of Canada has a new rule: Apple cannot charge more than $250 for their phones. Ignorant Canadians rejoice!

How many iPhones will one be able to buy at a Canadian retail store?

Amid calls for even stricter caps on how much landlords are allowed to hike rents in Toronto's competitive market, economist Benjamin Tal argues any such policy would do more harm than good — even to those it's ostensibly trying to protect.

Yup. It fails every time. But, hey, the politicians "appear" to be doing something.


Another I. V. Problem

Naureen Rizvi says she was disappointed when only four women cracked the top 20 spots on Ontario's annual Sunshine List, even as the province says it's "on track" to close the wage gap.

"I always feel it's not fast enough," Rizvi told CBC Toronto at a Ryerson University event focused on women's economic empowerment.

"I don't accept that it takes 90 years to get to parity."

Parity is the key. Personal interest and effort be damned.

The province has a strategy to deal with this, which includes setting targets for the number of women it wants at top levels.

I've written this before:

What's strange is that such convenient "logic" is not applied to other male-dominated fields. 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%! These are catastrophically serious cases of the Insufficient Vaginas Problem.

Are the feminists going to set quotas for the mentioned professions? Why not?


Attracting the wrong attention

Some businessmen are utterly stupid:

Bombardier received a US$1 billion investment from the Quebec government in 2016 in exchange for a 49.5 per cent stake, and in February, the federal government pledged $372.5 million in repayable loans to the company — a far cry from the US$1 billion it had been asking Ottawa for since 2015.

The company has also laid off thousands of workers worldwide.

Bombardier is losing money but the Canadian government props it up. Why? Apparently, it's too big to fail. Still, the top guys want their cash:

Public anger about the roughly 50 per cent increase in compensation from the US$21.9 million paid to the executives in 2015 has mounted steadily in the past few days in light of the fact Bombardier has received hundreds of millions of tax dollars.

What's stunning about all this is that the CEO didn't anticipate the mammoth backlash from the public. Even some politicians had the belated sense to call these clowns and tell them to rethink.

Bombardier decided to "defer" the compensation on April 2.


Feminism = Cancer

Math is hard for most women but not for this one:

Author Fay Weldon has risked infuriating fellow feminists by claiming their cause left two-thirds of British women worse off.

In an interview in The Mail on Sunday’s Event magazine today, Weldon, 85, says the feminist revolution had adverse implications by ‘halving the male wage, so it no longer supported a family.’

That meant some women had to get jobs, even if they would rather have been at home with their children. ‘Women had to work to support the family. So for two in three women, it really was a problem.’

Vox Day has been writing about this issue for many years.

Here's my brief take:

  1. More women enter the workforce. SUPPLY of labor increases. Eventually, wages decrease.
  2. Hypergamy! Women are attracted to taller, older, stronger, richer men. These working women ignore men who don't earn more than them.
  3. Marriage rate goes down. Fewer babies. DEMAND for labor decreases. More downward pressure on wages.
  4. The welfare state needs more slaves workers. Who the hell is going to pay for your pension and health care?
  5. Gates are opened for barbarians. Muslim immigration.
  6. The white, Christian peoples of Western Civilization face the abyss.
  7. World War M.

Women ruin everything.


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!