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!


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.