The wealthy will quietly shift their capital out while the middle will get squeezed hard.
This is Massachusetts Transportation Secretary from @maura_healey’s cabinet delivering a speech stating she’s targeting “everyone who has money.” This is not satire. This is a high level government official who has real power in Massachusetts. #mapoli #MassGOP pic.twitter.com/MXKNAkFfQ9
— MassGOP (@massgop) April 19, 2024
I'm sure Harvard will be paying more, right?
Despite grocery inflation reported to fall below two per cent by spring, according to a Farm Credit Canada report(opens in a new tab), Canadians continue to brace themselves for rising food prices.
Yet, slowing inflation doesn't mean prices overall are dropping.
Yeah. Who the hell is writing these economics-related stories?
That shiv at the end, about leaving nothing behind, is so true.
The idea that immigration “is good for the economy” is based on a false assumption and an incomplete equation. Moving every single person from China would “increase US GDP” too, but it most certainly would not be good for the economy.
It's the same in Canada. Companies here are firing people left and right. The unemployment rate is increasing. Meanwhile the liberal politicians have imported over a million people into the country over the last ten months!
So, stagnant wages, stretched infrastructure, rents exploding, and mortgages out of reach. But look: higher GDP!
— Arun Jadhav (ಅರುಣ್ ಜಾಧವ್) (@arun_42) April 7, 2024
Imagine working at Tyson Foods then getting vaxed so you don’t get fired then getting fired anyways then getting replaced by illegals who aren’t vaxed.
— JuliansRum (@ItsJuliansRum) March 19, 2024
When Gobindbir Singh describes the stress international students are under, he remembers a young man who called in tears. Unable to pay his tuition for the upcoming semester, the student said his parents were selling their home in India and it still wasn't enough.
That's the condition of the study visa: sufficient financial resources to pay for tuition, rent, food, and transportation.
Post-secondary institutions and policymakers are facing significant scrutiny over the increase as colleges and universities increasingly use international student tuition to supplement inadequate government funding. Meanwhile, more stories are surfacing of international students living in substandard housing and relying on food banks.
I've seen clips of two Indian You Tube luminaries in Ontario who gladly stole from food banks while showing off their new cars a few videos later! They are not victims. They're fraudsters. If they can't afford the tuition and basic living costs, then they shouldn't be in Canada.
Singh, president of the Gurdwara Dukh Nivaran, said he believes one of the reasons students start using drugs is to deal with the mental distress of living in a place where they cannot afford housing or food, and to cope with loneliness. [...]
Singh said he would not recommend that parents in India send their aspiring students to Canada.
How can I ever settle down and give them grandchildren if there isn't any money in the pipeline to support them? Do they want to go on holiday more than they want me to be able to have and bring up children?
I'm not alone in agonising over where my parents' hard-earned money is going. According to a survey by an online wealth management advice firm called Moneyfarm, two in five adult children feel their 'blood boiling' at the idea their parents are blowing their inheritance on luxury holidays.
Many years ago, my mother was showing her jewelry to my sisters. She was asking them about their preferences because, eventually, it'll be theirs. The conversation shifted to my dad. Hey, what do you want to give us? In a somewhat vicious manner, he stated that we'll get nothing from him.
Once you finish high school and college, there'll be no money for you. Get lost, you're on our own.
He wasn't kidding.
Another friend admits she puts phone notifications from her mum on silent when her parents go 'gallivanting abroad' — because all the pictures of dreamy destinations make her jealous. And resentful.
'My inheritance is currently being drunk through a straw in a coconut in the Caribbean,' she says. 'It's going to be slim pickings at this rate.'
Meanwhile pic.twitter.com/oRkGvp1KYL
— Carolina. (@realCarola2Hope) March 19, 2024
A six-pack of coca cola bottles went for $2 in Canada four years ago. Now, it's $4. So, this story tracks well:
A restaurant in San Francisco’s Mission District is catching attention online after recently bumping the price of its signature burrito from $11 to $22.
Still, the following would definitely make one cry:
[...] the price of nearly everything he uses to make his food has gone up. Like onions for example. “Before COVID, they were like $9 a sack at Restaurant Depot, I used to pick them up. During COVID, and after, it was $40 dollars. Right now, it’s $80,” said Lopez.
An 800% increase for the price of onions!?
Bill Maher was NOT expecting this answer… pic.twitter.com/A08RucdriE
— Matt Couch (@RealMattCouch) March 2, 2024
Maher won't be inviting her back.
The Biden administration recently promised it will finally loosen the purse strings on $39 billion of CHIPS Act grants to encourage semiconductor fabrication in the U.S. But less than a week later, Intel announced that it’s putting the brakes on its Columbus factory. The Taiwan Semiconductor Manufacturing Company (TSMC) has pushed back production at its second Arizona foundry. The remaining major chipmaker, Samsung, just delayed its first Texas fab.
This is not the way companies typically respond to multi-billion-dollar subsidies. So what explains chipmakers’ apparent ingratitude? In large part, frustration with DEI requirements embedded in the CHIPS Act.
The following takes the cake:
There’s plenty for the left—requirements that chipmakers submit detailed plans to educate, employ, and train lots of women and people of color, as well as “justice-involved individuals,” more commonly known as ex-cons.
These are the secret ingredients for building $20 billion fabs and manufacturing bleeding edge computer chips:
The Taiwanese and the Koreans must have been quite amused. Of course, if they refuse to hire such scholars, thespians, and strong, independent wahmen, then they are definitely VITE SOUPEMACISSS!
The CHIPS Act’s current identity as a jobs program for favored minorities means companies are forced to recruit heavily from every population except white and Asian men already trained in the field. It’s like fishing in all the places you aren’t getting bites.
The CDC "released" a 148 page study on myocarditis after COVID-19 "vaccination" and every single page is completely redacted. This must be a new record. https://t.co/kIE2s7Wl2z pic.twitter.com/M6xDbRYMZx
— Hans Mahncke (@HansMahncke) March 7, 2024
Nikon had the opportunity to buy a small company called Adobe many years ago. They passed. They could have owned photoshop!
Today, a more aggressive Nikon made the big leap towards video:
RED, the video/cinema camera company started by Oakley founder Jim Jannard, has been fully acquired by Nikon. RED and its 220 employees is now a subsidiary of the Japanese company.
Cool.
The RED acquisition solves that problem initially by putting Nikon in an established low volume, high price market that demands excellence. If you think about it, the RED Raptor and Komodo live at the top of the video world, the Z8 and Z9 live at the top of the stills world.
It will be nice to see the results of Nikon glass on RED sensors.
The thing that is important to understand is that while one can provide a loan, and one can legitimately receive interest on that loan, the collateral provided as a guarantee against default on it must be real, specific, and, of course, proportional to the value of the combined principle and scheduled interest of the loan.
As he mentioned earlier, student loans are wicked. This is especially galling in the US and Canada. Teenagers who are legally not trusted with a can of beer are too often crushed under a mountain of debt. I remember a literal burger flipper at my university cafeteria who was working many hours to pay off his predatory student loans.
Darshan Maharaja provides incredible details about the fraud and scams of the student visa system in Canada through the Indian perspective. His observations about Brampton where various diners and bakeries are closing, only to be replaced by another generic Indian restaurant, was quite illuminating.
The primary problem is the traitorous politicians who looked the other way from all the illegal activities, just so that their precious GDP didn't suffer a decline.
This is what the MSM should be covering but they mostly serve the Leftists who are in control of the system.
There are three videos, so far.
Second video:
Third video:
If you think that the title is hyperbole:
For the Indian community in Brampton—and across Canada, really—this catch-and-release system came painfully close to the bone last week when an accused, Arundeep Thind, walked out soon after his arrest by Canadian police. Not only that, thumbing his nose at the Canadian justice system and sending a warning to his alleged victims, Thind later shared a photo of himself sitting triumphantly in a Peel Regional Police cruiser soon after walking out, posting a chilling message: ‘Putt bach ke’.
Indians in Canada extorting other Indians in Canada. A few shootings have taken place. Your money or your life. Welcome to Canada!
Meanwhile, the desi business community is now living under more fear than ever. Speaking to a local Punjabi news channel, Prime Asia TV, an anonymous victim of extortions voiced those concerns.
“Saddi families daryian hoiyan, sadde employees dare hoye aa. We are at that stage today that either we leave the country or risk our lives to carry on. How come that guy they arrested (Thind) got to have his photo clicked in a police cruiser, with the door open and a smile on his face? Ki dikhana chonda ki bai meri police jeb de vich hai? Je fad ke banda chadna hi hai, then why are we paying taxes?”
There is a distinct possibility that the next news story about this saga will have this literal comment: Sadde dil te chhuriyan chaliyan!
Also, earlier this month, the police in Toronto arrested a 13-year-old and a 16-year-old for stealing a car that had a child and a baby inside. No mention of names or race. Of course, the older teenager already had outstanding warrants.
Look at this terrible labor shortage in Canada. Prime Minister Zoolander has to pump up the immigration numbers and import tens of millions more to boost the GDP fill the jobs.
Look at all those doctors, nurses and tradespeople.
— Honeyboy Wilson (@HoneyboyWilson6) February 23, 2024
Illegal immigrant says he's received 3 meals a day and a place to stay for the last 7 months at the Roosevelt Hotel.
— शून्य (@Shunyaa00) February 19, 2024
He says it's free. And by free he means the American and New York taxpayers subsidize him. pic.twitter.com/jipcDqztFk
And then they'll vote for the Democrats.
Quite a few Boston households will soon be culturally enriched:
The ignorance and utter stupidity on display is stunning. How insane do you have to be to open your door and let a complete stranger live in your home!? And, what happens when that person refuses to move out?
Wait till you get to the cheese aisle in Aldi🚨 #GeneralElectionNow
— James Hawkins (@J_P_Hawkins) February 15, 2024
(📷@Celeste_Tam42) pic.twitter.com/kzqGDMC8LD
It's tougher when you're stupid:
A Nova Scotia senior is planning to return to work at the age of 77 amid the strains of high living costs. “I don’t know what’s going to happen in the future, but it doesn’t look pretty,” Janet Brush says.
She lives on a fixed income and estimates she spends nearly half her money on rent alone.
This 77-years-old woman doesn't have a condo or a house!? Also, she lived through the most incredible stock market period over the past 40 years and she doesn't have enough money for retirement!? I know high school teachers who saved, invested, and have over a million dollars in their registered retirement plans. What the hell did she do with her earnings for all this time?
“I can’t go stocking shelves at Sobeys or flinging hamburgers — I can’t do that anymore,” Brush says. “I’ll have to rely on my intellectual skills, I guess.”
Good luck.
McDonald’s CEO admitted the burger giant’s sales have taken a hit as jacked-up menu prices have turned off core customers — and signaled the chain plans to focus on “affordability” this year.
I've seen some crazy prices but this shocked me:
Over the summer, a franchisee in nearby Darien, Conn., was called out for charging $17.59 for Big Mac combo meal. That location also sold a Quarter Pounder with Cheese and Bacon meal that came with fries and a soda for $19, according to viral posts.
One quarter pounder meal for $19!? I was in Toronto last month and ordered three combos at a Thai take out place for US$17. Those were three huge meals with rice, noodles, chicken, shrimp, broccoli, etc. It's not only that cooking at home is significantly cheaper relative to McDonald's, other places have more reasonable prices.
An Indian student in Canada decides to upload a video with this description:
Hello everyone, this video is about a day I went to a food bank in Canada, where you can get free food. I decided to shoot it and share it with you all.
The comments were quite spicy: shameful behavior, disgusting, thief, foodbank is for the needy not greedy. So, she turned the comments off.
The cherry on top is the video she uploaded next: Bought a New Car in Canada. Poor Canadians are learning about diversity the hard way.
Do you have ‘F*ck You Money’?
— That Money Bloke (@ThatMoneyBloke) February 5, 2024
FU Money is basically 3-6 months worth of living expenses saved in a bank account.
That way, if it’s not working out at your job and you want to tell your boss to go f*ck themselves, it’s okay.
Cause you have FU Money.
He's a few decades short of FU money there.
Guy busted hump to drop $250k to pay off home.
— BowTiedF'er - Chad Personal Finance (@BowTiedEffer) February 3, 2024
But now has no liquidity and no investments.
Could have had all $250k in a HYSA at 5% and paid his mortgage out of it and MADE $6,000+ a year
Plus kept all his liquidity in case of an emergency.
No debtooors...sad pic.twitter.com/jTXCOkO9MB
Yeah, that was dumb.
The reason Gen Z and millennials are “getting angry and entitled and whiny,” Scott says, isn’t because they’re any less willing to work than previous generations, but because they’ve got nothing to show for it.
“What’s sh-tty is, we’re holding up our end of the deal,” Scott says. “We’re staying in school. We’re going to college. We’ve been working since we were 15, 16 years old…doing everything that y’all told us to do so that we can what? Still be living in our parents’ homes in our late twenties?”
It's so strange when Boomers say that the younger generations are lazy. It doesn't take a rocket scientist to understand the cold math which illuminates the ugly reality.
An example from a different era:
An example from last year:
So, a barber working alone could afford to buy an average house fifty years ago in Canada. Today, an educated and credentialed couple working full time while making 10 times the income of that barber can't even get a mortgage!
The same applies in the US:
To afford the median-priced home of $433,100, Americans need an annual income of roughly $166,600. However, the median household earns just $74,580, according to the brokerage Home Bay, and entry-level positions pay around half of that.
Incomes have been stagnant while the housing market has exploded. Decades ago, one income was enough for a nice house. At the turn of the century, two were needed. Now, a couple busting their butts looks at tiny condos.
Oh, and we haven't even looked at student loans, food prices, car expenses, the rising cost of health insurance, ...
The story is about dumber students and the photo has Whites and Asians. Isn't that something?
The Soviet Union executed geneticists.
— Ronald Pepe Fisher (@RFisher1890) January 28, 2024
The USSA doesn't do that (yet) but works to systematically destroy their lives if they question the blank slate genetic denialism both systems shared. pic.twitter.com/pQDnalhdIe
Someone just took the meaning of bed and breakfast to new heights. That’s because an ad posted to Kijiji shows a room for rent in Brampton for $350 a month.
Sounds like a steal, right? That is until you see the picture of the room and quickly realize it’s actually a bed in the middle of the kitchen.
Those are rookie numbers! He needs to pump those up. Put a bunk bed with three levels. Charge $500 each. There will definitely be diligent and honest international students who'll pay for that.
The crew at the airport didn't carefully check the Airbus:
A New York-bound Virgin Atlantic flight was canceled just moments before takeoff last week when an alarmed passenger said he spotted several screws missing from the plane’s wing.
It was an independent wing. It wants to soar by itself! It needs no oppressive screws!
Seriously, it begs the question: what the hell is the maintenance crew doing? If such a visible problem was ignored, then what other structural issues in the planes are creeping up?
The video is like a Bollywood version of Inception. Instead of dreams within dreams, we get scams within scams. Scamception!? If the MSM was truly interested in journalism, then they would be exposing these huge frauds and scams that are destroying Canada. Instead, those who bring up these issues are called RAYCISSS!
Thanks Biden! pic.twitter.com/TYjv6T6K2L
— RAMZPAUL (@ramzpaul) January 19, 2024
A delivery driver left a McDonald's bag at the front door of my building a few weeks ago. I was curious about the price. After tax and delivery, it was $20! That's for one combo.
Canada is growing at a rate 5.2x faster than the OECD average! Our population growth target last year was 500,000 and instead we grew by 1.2 million people.
— Jennifer Keesmaat (@jen_keesmaat) January 13, 2024
“Our country’s current population growth appears to be extreme in relation to the absorptive capacity of the economy and… pic.twitter.com/zJpdQm0aSG
That's not even counting the over one million people who have decided to overstay their visas because the Canadian government is interested in more labor to drive down real wages. The smartest Canadians are leaving to work in the US while the federal government imports millions of Indian "students" who're interested in working 40+ hours a week. Wages are stagnant while the housing market is one of the most expensive in the world. A one-bedroom apartment that used to rent for $600/month a decade ago is now approaching $2,000 in my city.
Whites are being replaced by Indians. The change has been swift and jarring. In just one year, half a dozen minimum wage employees are gone from two local stores. All the new workers are Indians. Worse, they're shockingly incompetent. Their error rate with me has been about 50% in the past few months. This isn't rocket science. They're cashiers!
Indian student are not happy with Algoma University:
Failing marks for dozens of international students have led to a days-long sit-in at an Ontario university, with some frustrated students saying they've been left feeling as though the school is trying to milk them for more money.
In response to the controversy, Algoma University has re-evaluated the grades in one online course offered by its Brampton campus and, finding them "abnormally low," has given dozens more students a passing grade. It's also moved to offer the students a free makeup exam.
Just take a look at these failures future doctors and engineers.
Stop runing their careers Algoma! CAD 26000 are enough!
There are eight people in that photo and none of them are familiar with spelling, grammar, or spell check! Somehow, it isn't shocking that they failed a postgraduate course.
That phantom White Privilege shows up again:
Why would Delta Airlines send this to all employees? pic.twitter.com/QLKtVzlD1E
— 🇺🇸Travis🇺🇸 (@Travis_in_Flint) January 12, 2024
8% of Canadians are waiting for healthcare services. Those who cry about "fairness" for not having a parallel private health care system in Canada, forget a simple fact. The wealthy in Canada simply travel to the US and pay tens of thousands of dollars for prompt healthcare services.
None of those 8% are multi-millionaires. Only those who don't have the means to afford the fees are stuck in line, waiting to die, in Canada.
— NO CONTEXT HUMANS (@HumansNoContext) December 30, 2023
This year, Canadian patients faced a median wait of 27.7 weeks for medically necessary treatment from a specialist after being referred by a general practitioner. That's over six months—the longest ever recorded. It's a slight increase from last year's median wait—and a 198% increase from the 9.3-week median wait that patients faced in 1993, the year that Fraser began tracking wait times. Some patients have it worse than others.
Patients in Nova Scotia face a median wait of 56.7 weeks—more than a year—for specialist treatment following referral by a general practitioner.
Note those two key words: medically necessary. Those "medically unnecessary" treatments must really make these numbers look even worse.
A decade ago, a friend of a colleague wanted to see a dermatologist about her strange skin condition. The secretary cackled when she showed up for her appointment a few months later. It was pointed out to her that the appointment time was exactly one year later. It wasn't 8 weeks but 60 weeks of wait time!
That famous compassionate Canadian health care system:
The family of a woman with a chronic health condition is demanding answers about why she died after waiting 14 hours for medical treatment at Abbotsford Regional Hospital. Hana Raufi said her family does not want the death of her mom, Luanora Irtenkauf, 55, to be “arbitrary.”
“She was in pain. She needed help. But the one place we go that we rely on to help us and make us better not only failed her, but ultimately killed her,” Raufi said.
"Free" health care can be deadly. Canada offers the very real, very official choice to go kill yourself if your life sucks. Sometimes, they make that choice for you.
Also, is there any doubt that the 1.5 million cheap labor migrants per year will alleviate such long and lethal hospital wait times?
✨Bidenomics✨at work 😂 pic.twitter.com/tU103kdTND
— Meme’nOnLibs (@MemeNonLibs) December 24, 2023
And here's population growth figures for Ontario.
— Dr. Mike P. Moffatt 🇨🇦🏅🏅 (@MikePMoffatt) December 19, 2023
The province grew by nearly 200,000 people in the past 3 months. A decade ago, we were growing by 100,000 per year. pic.twitter.com/5q36WFeg3B
Housing crisis gets worse. Public transportation is overwhelmed. Hospital wait times are in multiple hours and good luck getting specialist appointments in the same calendar year.
The recent numbers of Indians has been quite stunning. A local store had a few White cashiers. I noticed that, now, all the four workers are Indians. I had bought some items and a few sandwiches with a BRIGHT RED DISCOUNT sticker. The Indian paaji scans everything and says that'll be $xx.xx. I asked about the deal. He looks at the red stickers and says, "Oh, yeah!" The next week he was training an old Indian woman about the intricacies of the cash register. Of course, he was speaking Punjabi.
I'm sure the White people who lost their jobs are happy to be not thought of as racists.
Classic mainstream media math.
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) December 17, 2023
“When prices go up another 3% after going up 9% last year… how come you pay more at the grocery store”
Can’t make this up. pic.twitter.com/FCo2GwSBfW
The part about Home Depot and the empty plastic was depressing to watch.
Subway lunch: sandwich, chips, drink - $17. You have to be effing kidding.
— John Ingram (@PaxPerDivortium) December 14, 2023
At the turn of the century, a foot-long sub was $5 at Subway in Canada. Earlier this year, someone went to a Subway, got a 6-inch combo and a different 6-inch sub for a friend and paid $25. So, a foot-long sub, a drink and two cookies for $25. I went to a grocery store today where two fully cooked chicken legs were priced at $5. Let's say that a salad (or two cookies) and a drink bumps that up to $10. That would be a more healthy, satiating, likely tasty, and significantly cheaper meal than the insane offerings at Subway.
The fact that thugs can literally commit crime in front of cops and get away showcases the priorities of the political class. They'll throw Trump and his supporters in jail but leave open theft markets to operate in peace. Oh, there's no doubt, they'll go after the "evil" engineer.
$16 for McDonalds meal.
— Wall Street Silver (@WallStreetSilv) December 7, 2023
Burger, large fry and a drink.
Is McDonald's pricing themselves out of their market of cheap food?
🤨 pic.twitter.com/ZR76CSjhRZ
That's from a year ago. It's definitely more expensive now.
Wait, Sony is not going to offer refunds to the people who're impacted!?
Bulls right now after seeing this post pic.twitter.com/PacJFMvLY1
— Kai (@kaiyabunga) November 23, 2023