A basic income for all

Walter

Hall of Fame Member
Jan 28, 2007
34,888
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In 1970.

500 owned as much wealth as the bottom half of the population.

In 2016.

62 own as much wealth as the bottom half.


It's just a matter of time that one person wins the game and owns everything, and all the wealth. And then capitalism will have effectively destroyed itself.
You pulling the same stuff out of Analfloss's sphincter. There are many fewer poor people today than there were in 1970.

 

captain morgan

Hall of Fame Member
Mar 28, 2009
28,429
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A Mouse Once Bit My Sister
Who needs to hire someone once all the robots are built to produce and maintain everything?

It's a mathematical certainty. Like monopoly. Someone will someday own everything, produce everything, without the need of anyone. And effectively destroy the system of capitalism in the process, by wining the game.

Once we have that. The system will have to be changed to work again. It will be some form of socialism.

Without a consumer that has the ability to transact with something of value (ie wealth), there is no need for production.
 

Angstrom

Hall of Fame Member
May 8, 2011
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You pulling the same stuff out of Analfloss's sphincter. There are many fewer poor people today than there were in 1970.


Did you calculate, household debt to maintain the illusion, that things are marry and good ?

Did you count the trillions our government have borrowed to maintain the illusion it's marry and good?

I'm arguing that over a period of time of infinity. All the wealth is designed to eventually make its way up to one single corporation. It's a mathematical certainty. Like any game or competition. It's designed to eventually have a winner.

If you have any solide evidence this will not happen, please I'd like to see them, because I want to gain knowledge.

Without a consumer that has the ability to transact with something of value (ie wealth), there is no need for production.

There is, will always be a demand for goods. But as one corporations eventually refines it's cost/production ratio it will eliminate labour costs entirely, and destroy its market in the process.
 

Remington1

Council Member
Jan 30, 2016
1,469
1
36
Poor, what poor? We are bringing 380,000 immigrant this year alone. Surely there are jobs for these people? Else, our government is playing with our livelihood.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
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Vernon, B.C.
Poor, what poor? We are bringing 380,000 immigrant this year alone. Surely there are jobs for these people? Else, our government is playing with our livelihood.


The entire charade is either poorly planned or totally unplanned! Meanwhile thousands of our own people are hungry!
 

Angstrom

Hall of Fame Member
May 8, 2011
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The entire charade is either poorly planned or totally unplanned! Meanwhile thousands of our own people are hungry!

No one starving, unless their parents kick them out of the basement :lol:
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
No one starving, unless their parents kick them out of the basement :lol:
The kid probably drew the short straw as to who would give up their own life to take care of some ageing parents. The best way to do that is make sure they have lots of tiny kids around so they keep each other entertained. The kid should be threatening to run away.
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
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You pulling the same stuff out of Analfloss's sphincter. There are many fewer poor people today than there were in 1970.


DEAD ON LIE! Thirty years ago a hard working blue collar guy could have a house, a car and some kids- now- no house, no car, no wife, no kids, no hope!

Setting up a basic income for all is simply re-arranging the deck chairs chairs on the LIE-beral Titanic after it rammed that debt ceiling!


Here is a story out of the Post Media detailing the hypocrisy and double- speak of LIE-beral money managers-along with some comments of my own in brackets):

It's time we tackled government debt. By Jim Warren.
Postmedia Network. First posted: Saturday, July 02, 2016 06:30 PM EDT | Updated: Saturday, July 02, 2016 06:39 PM EDT

The federal government should be dedicating specific tax revenues to reduce the debt of Canada’s provincial and municipal governments.

(Sorry-LIE-berals consider that buying votes and staying power is more important than fussing about reducing crippling debt loads!)

In addition, we should be placing restrictions on the total amount of debt provincial and municipal governments can borrow in order to force local politicians to make more realistic decisions about increasing taxes and reducing spending.

(Debt is BAD-one has only to look at the mess in the Pigs-Portugal, Ireland, Greece and Spain to see that debt can CRIPPLE an entire society! So who would speak in favour of MORE debts for Cdns? And WHY only put limits on provincial and municipal govt? Why not on federal clowns too?)

( Make a LIST and put on it the following who ALL want MORE debt: LIE-berals trying to BUY civil service Hog votes! LIE-berals such as Our brainless Boy prime minister Trudope who follows in his fathers footsteps and wants to DESTROY what he calls Cdn Imperialism! The civil service Hogs themselves who have more entitlements than we can EVER pay for and don’t care if they bankrupt us just so long as they get what they THINK they deserve! Various immigrant groups such as the Muslim supporters of the Cdn Caliphate who want us to collapse and be reborn as a Muslim nation under Sharia Law-the “most perfect system” as THEY call it; and they figure our collapse will come SOONER if we are BANKRUPT and not able to defend ourselves! Muddled reverse racists of groups like Black Lives Matter who don’t care what happens to white people just so long as its bad-and are not smart enough to figure out what will happen to gormless blacks if white govt fails! If the country is bankrupt then WHO will be buying the drugs and the `ho`s and other merchandise? And how will blacks be living if there is no more welfare? Throw in air head environmentalists who want our economy to collapse so we wont `oppress the Earth and its creatures any longer` -and so what if we few survivors of the collapse end up shivering in mud huts and eating our one daily meal of Dandelion greens RAW because trees are sacred and not for burning, building or heating!)

Parliamentary Budget Officer Jean-Denis Fréchette warned in a report last week that Canada’s provinces and sub-national governments are struggling with their finances and their debt levels are unsustainable.

(I have to ask: does this imbecile Frechette realize that our prime minister is all FOR massive debts? The more spending the merrier-so WHAT that the mad spending plan of Our foolish Boy is nothing more than a MASSIVE RETREAD of that old Ontari-owe NDP plan to make us rich by BORROWING MONEY! And we all remember how that worked out-with those Rae days and Hogs besieging Queens Park as replacement premier Mike Harris struggled to restore common sense and logic-while OPP “wacked and stacked” Brainless Hogs who did not know when they were well off!)

(Apparently Frechette has drunk the coolaid and BELIEVES that Our brainless Boy can perform a magic trick and somehow pull something valuable out of his ass! Fifty years of LIE-beral socialism and civil servants now figure robbing Peter to pay Paul and then screwing them both in favour of Hogs is standard govt business! But just what is it that Hogs figure can be collected from ALREADY bankrupt citizens is not clearly spelled out! Oh well, LIE-berals can always restore order by BORROWING EVEN MORE?)

The report looked at total government spending, revenue and debt levels for all levels of government, as well as the Canada Pension Plan and Quebec Pension Plan.

The PBO concluded that after the new spending and infrastructure announcements made by Prime Minister Justin Trudeau, the federal government fiscal plan is sustainable.

However, it also concludes the total sub-national debt for the provinces and cities across Canada is not sustainable, and they require new revenue or spending cuts to bring their debt to sustainable levels.

(What the report tells us is that the provinces and cities are BANKRUPT-and that in a few years-after a series of those THIRTY BILLION PLUS BOOB RAE style Trudope deficits-the federal govt will ALSO be bankrupt. And NOBODY is asking what will happen to the provinces if Ottawa cuts back on transfer payments to bankrupt provinces- as WAS DONE by debt hobbled LIE-beral Jean Chretien? And no-after a certain point -as Boob Rae found out-YOU CANNOT BORROW ANY MORE!)

This presents a huge political and economic problem for Canada’s provinces and cities – and therefore an even bigger problem for Canadians.

When governments borrow money to invest in infrastructure programs like highways, bridges or transit, they build assets for the future with the costs spread out over several generations.

(But borrowing money so govt can buy Hog votes is clearly not sustainable!)

Our country needs this type of spending and Trudeau is working with the provinces and cities to implement the largest infrastructure program in Canadian history.

(Problem is that Boy is really only handing out enough money to REPAIR infrastructure-there will be NOTHING NEW built and certainly no critical new transit produced on his watch!)

The Alberta economy especially needs this shot in the arm, as does Ontario. It means spending money to make money as infrastructure spending helps grow both the economy and tax revenues.

(Apparently it would be useful for LIE-berals to purchase and WATCH the old TVO documentary on the bankruptcy of New Zealand! Infrastructure spending is STILL SPENDING! New Zealand hit the debt wall and had to STOP installing things like sewers in new subdivisions-yeah-picture-AND smell it-brand new houses and the toilets flush DIRECTLY into a trench out back cause there is NO money for pipes! Don’t like the smell and the swarms of vermin living on your shit piled out back of your NICE house? Too f***ing bad-it’s the PRICE of bankruptcy!)

But we need our cities and provinces to dedicate specific tax revenue to pay down these costs over time and to cover interest and debt repayment. They need specific rules to dedicate money to cover these costs and there needs to be limits to how much money can be borrowed.

While federal spending on infrasctructure is sustainable, that is not the case in the provinces.

The answer is not to toss more federal money to the lower levels of government.

Robbing Peter to pay Paul is just more money out of our pockets since there’s only one taxpayer. If your family faced this problem, you would get your fiscal house in order or you would lose your house.

In addition, the provinces are facing an aging population that requires more health care spending than ever before.

(In other words Warren is advocating that we dump LIE-beral clowns in favour of somebody with a spine and a frugal way with money!)

Education spending is more important than ever to ensure our young people can earn enough income to pay enough taxes to take care of the boomers as they retire.

(Other comments have been posted on this site to illustrate that LIE-berals would rather spend on teachers than on health care-even as student enrollment shrinks and numbers of people seeking health care soar-teachers are DEDICATED LIE-beral supporters-medical types are not and as always LIE-beral priorities are
SCREWED in favour of reliable supporters!)

But these fiscal realities come at a cost that today’s politicians must be honest about with taxpayers, instead of just borrowing more money. Taking on more debt to pay for health care is like burning your furniture to heat your house – it’s unsustainable.

We enjoy a standard of care in health and other services that we do not pay for. We have to spend less and live with that quality – or pay the true cost to keep the standards we have.

(I say that`s LIE-beral GARBAGE! LIE-berals have CHOSEN between gravy for Hogs and spending for health care! It’s a SIMPLE EQUATION-more money for gravy means MORE HOG VOTES for LIE-berals and LESS money for health care-which is already being rationed to ordinary people!)

If the federal government just sends more money to cities and provinces, we will not have a proper debate about paying the true costs of our society and the benefits we enjoy.

If the federal government has the fiscal room, it should be dedicated to infrastructure spending or debt relief for the provinces, while putting limits on how much more money they can borrow.

(Its been said before on this site-LIE-beral govt MUST chose between sensible budgets and more gravy for Hogs-and since LIE-berals CANNOT be elected without massive support from their Hog pals, we know LIE-berals will not handle our money wisely without having a gun put to their heads! What`s REALLY funny about the Frechette remarks about debt is that he is a federal Hog and yet he recognizes the heart of the LIE-beral problem. I guess he must be able to add and subtract well and is worried about his health care and his old age pension-WITH GOOD REASON!)

(And the KICKER regarding all these warnings and comments about debt? Brought to you courtesy of LIE-beral strategists Jim Warren-who worked on the Dalton McGinty campaign! Yes, Warren helped LIE-eral fools seeking power and apparently has now seen the light! Too bad Ontari-owe debt has DOUBLED since McGinty came to power with Warrens help!)









 

Angstrom

Hall of Fame Member
May 8, 2011
10,659
0
36
DEAD ON LIE! Thirty years ago a hard working blue collar guy could have a house, a car and some kids- now- no house, no car, no wife, no kids, no hope!

Setting up a basic income for all is simply re-arranging the deck chairs chairs on the LIE-beral Titanic after it rammed that debt ceiling!


Here is a story out of the Post Media detailing the hypocrisy and double- speak of LIE-beral money managers-along with some comments of my own in brackets):

It's time we tackled government debt. By Jim Warren.
Postmedia Network. First posted: Saturday, July 02, 2016 06:30 PM EDT | Updated: Saturday, July 02, 2016 06:39 PM EDT

The federal government should be dedicating specific tax revenues to reduce the debt of Canada’s provincial and municipal governments.

(Sorry-LIE-berals consider that buying votes and staying power is more important than fussing about reducing crippling debt loads!)

In addition, we should be placing restrictions on the total amount of debt provincial and municipal governments can borrow in order to force local politicians to make more realistic decisions about increasing taxes and reducing spending.

(Debt is BAD-one has only to look at the mess in the Pigs-Portugal, Ireland, Greece and Spain to see that debt can CRIPPLE an entire society! So who would speak in favour of MORE debts for Cdns? And WHY only put limits on provincial and municipal govt? Why not on federal clowns too?)

( Make a LIST and put on it the following who ALL want MORE debt: LIE-berals trying to BUY civil service Hog votes! LIE-berals such as Our brainless Boy prime minister Trudope who follows in his fathers footsteps and wants to DESTROY what he calls Cdn Imperialism! The civil service Hogs themselves who have more entitlements than we can EVER pay for and don’t care if they bankrupt us just so long as they get what they THINK they deserve! Various immigrant groups such as the Muslim supporters of the Cdn Caliphate who want us to collapse and be reborn as a Muslim nation under Sharia Law-the “most perfect system” as THEY call it; and they figure our collapse will come SOONER if we are BANKRUPT and not able to defend ourselves! Muddled reverse racists of groups like Black Lives Matter who don’t care what happens to white people just so long as its bad-and are not smart enough to figure out what will happen to gormless blacks if white govt fails! If the country is bankrupt then WHO will be buying the drugs and the `ho`s and other merchandise? And how will blacks be living if there is no more welfare? Throw in air head environmentalists who want our economy to collapse so we wont `oppress the Earth and its creatures any longer` -and so what if we few survivors of the collapse end up shivering in mud huts and eating our one daily meal of Dandelion greens RAW because trees are sacred and not for burning, building or heating!)

Parliamentary Budget Officer Jean-Denis Fréchette warned in a report last week that Canada’s provinces and sub-national governments are struggling with their finances and their debt levels are unsustainable.

(I have to ask: does this imbecile Frechette realize that our prime minister is all FOR massive debts? The more spending the merrier-so WHAT that the mad spending plan of Our foolish Boy is nothing more than a MASSIVE RETREAD of that old Ontari-owe NDP plan to make us rich by BORROWING MONEY! And we all remember how that worked out-with those Rae days and Hogs besieging Queens Park as replacement premier Mike Harris struggled to restore common sense and logic-while OPP “wacked and stacked” Brainless Hogs who did not know when they were well off!)

(Apparently Frechette has drunk the coolaid and BELIEVES that Our brainless Boy can perform a magic trick and somehow pull something valuable out of his ass! Fifty years of LIE-beral socialism and civil servants now figure robbing Peter to pay Paul and then screwing them both in favour of Hogs is standard govt business! But just what is it that Hogs figure can be collected from ALREADY bankrupt citizens is not clearly spelled out! Oh well, LIE-berals can always restore order by BORROWING EVEN MORE?)

The report looked at total government spending, revenue and debt levels for all levels of government, as well as the Canada Pension Plan and Quebec Pension Plan.

The PBO concluded that after the new spending and infrastructure announcements made by Prime Minister Justin Trudeau, the federal government fiscal plan is sustainable.

However, it also concludes the total sub-national debt for the provinces and cities across Canada is not sustainable, and they require new revenue or spending cuts to bring their debt to sustainable levels.

(What the report tells us is that the provinces and cities are BANKRUPT-and that in a few years-after a series of those THIRTY BILLION PLUS BOOB RAE style Trudope deficits-the federal govt will ALSO be bankrupt. And NOBODY is asking what will happen to the provinces if Ottawa cuts back on transfer payments to bankrupt provinces- as WAS DONE by debt hobbled LIE-beral Jean Chretien? And no-after a certain point -as Boob Rae found out-YOU CANNOT BORROW ANY MORE!)

This presents a huge political and economic problem for Canada’s provinces and cities – and therefore an even bigger problem for Canadians.

When governments borrow money to invest in infrastructure programs like highways, bridges or transit, they build assets for the future with the costs spread out over several generations.

(But borrowing money so govt can buy Hog votes is clearly not sustainable!)

Our country needs this type of spending and Trudeau is working with the provinces and cities to implement the largest infrastructure program in Canadian history.

(Problem is that Boy is really only handing out enough money to REPAIR infrastructure-there will be NOTHING NEW built and certainly no critical new transit produced on his watch!)

The Alberta economy especially needs this shot in the arm, as does Ontario. It means spending money to make money as infrastructure spending helps grow both the economy and tax revenues.

(Apparently it would be useful for LIE-berals to purchase and WATCH the old TVO documentary on the bankruptcy of New Zealand! Infrastructure spending is STILL SPENDING! New Zealand hit the debt wall and had to STOP installing things like sewers in new subdivisions-yeah-picture-AND smell it-brand new houses and the toilets flush DIRECTLY into a trench out back cause there is NO money for pipes! Don’t like the smell and the swarms of vermin living on your shit piled out back of your NICE house? Too f***ing bad-it’s the PRICE of bankruptcy!)

But we need our cities and provinces to dedicate specific tax revenue to pay down these costs over time and to cover interest and debt repayment. They need specific rules to dedicate money to cover these costs and there needs to be limits to how much money can be borrowed.

While federal spending on infrasctructure is sustainable, that is not the case in the provinces.

The answer is not to toss more federal money to the lower levels of government.

Robbing Peter to pay Paul is just more money out of our pockets since there’s only one taxpayer. If your family faced this problem, you would get your fiscal house in order or you would lose your house.

In addition, the provinces are facing an aging population that requires more health care spending than ever before.

(In other words Warren is advocating that we dump LIE-beral clowns in favour of somebody with a spine and a frugal way with money!)

Education spending is more important than ever to ensure our young people can earn enough income to pay enough taxes to take care of the boomers as they retire.

(Other comments have been posted on this site to illustrate that LIE-berals would rather spend on teachers than on health care-even as student enrollment shrinks and numbers of people seeking health care soar-teachers are DEDICATED LIE-beral supporters-medical types are not and as always LIE-beral priorities are
SCREWED in favour of reliable supporters!)

But these fiscal realities come at a cost that today’s politicians must be honest about with taxpayers, instead of just borrowing more money. Taking on more debt to pay for health care is like burning your furniture to heat your house – it’s unsustainable.

We enjoy a standard of care in health and other services that we do not pay for. We have to spend less and live with that quality – or pay the true cost to keep the standards we have.

(I say that`s LIE-beral GARBAGE! LIE-berals have CHOSEN between gravy for Hogs and spending for health care! It’s a SIMPLE EQUATION-more money for gravy means MORE HOG VOTES for LIE-berals and LESS money for health care-which is already being rationed to ordinary people!)

If the federal government just sends more money to cities and provinces, we will not have a proper debate about paying the true costs of our society and the benefits we enjoy.

If the federal government has the fiscal room, it should be dedicated to infrastructure spending or debt relief for the provinces, while putting limits on how much more money they can borrow.

(Its been said before on this site-LIE-beral govt MUST chose between sensible budgets and more gravy for Hogs-and since LIE-berals CANNOT be elected without massive support from their Hog pals, we know LIE-berals will not handle our money wisely without having a gun put to their heads! What`s REALLY funny about the Frechette remarks about debt is that he is a federal Hog and yet he recognizes the heart of the LIE-beral problem. I guess he must be able to add and subtract well and is worried about his health care and his old age pension-WITH GOOD REASON!)

(And the KICKER regarding all these warnings and comments about debt? Brought to you courtesy of LIE-beral strategists Jim Warren-who worked on the Dalton McGinty campaign! Yes, Warren helped LIE-eral fools seeking power and apparently has now seen the light! Too bad Ontari-owe debt has DOUBLED since McGinty came to power with Warrens help!)










We are reorganizing into a communist country
 

spilledthebeer

Executive Branch Member
Jan 26, 2017
9,296
4
36
We are reorganizing into a communist country

LED BY LIE-berals! And civil service union Hog! Consider:


Here is an article illustrating how utterly muddled is LIE-beral logic-along with some comments of my own in brackets):

Trudeau’s corporate welfare hurts middle class

By Tom Parkin, Post media Network. First posted: Sunday, April 02, 2017 02:00 PM EDT

Just 10% of Canadians believe Prime Minister Justin Trudeau’s recent budget will help the middle class, according to a recent poll by Forum Research.

Meanwhile 41% say it’ll hurt the middle class, 31% say its effects will be neutral, and 19% don’t know.

It’s a sign Canadians are coming to see what I’ve been warning of for months now – the mounting pile of evidence that Trudeau’s middle class rhetoric has been a cruel, cynical communications hoax.

(There has been plenty of evidence that Our brainless Boy is simply staging a power grab and will therefore say anything he needs to in order to buy/steal votes. LIE-berals are in an undeclared war with greens and NDP for control of leftie votes. LIE-berals are also fighting a war against common sense and fiscal logic as the general public has NO faith in LIE-beral immigration policy! The amounts of gravy needed to be shoveled into civil service Hog pockets so LIE-berals can cling to power is breaking the economy. The economic cost of actually achieving LIE-beral carbon reduction limits by their Carbon crap and trade tax is an unworkable mess-modeled after the 12 year old European fraud. Their national security policy is based on the wishful thinking that Muslim terrorists will some how be `de-fanged` by exposure to hockey and Tim Bits.)

(LIE-beral policy is a colossal failure in every area except for one-IT DID succeed in getting Our idiot Boy elected! But in a couple of years he must come up with a new set of lies for the next election....can he do it? Hogs live in daily terror that he cannot-with dire consequences for their gravy train!)

From the start, there was a strong hint a hoax was afoot – Trudeau’s dishonestly-named “middle class tax cut.”

Middle class people earning $45,000 get absolutely no benefit from this tax cut – nothing.

Affluent people earning between $90,000 and even up to $200,000 get the maximum benefit.

The hoax was in full display in Trudeau’s most recent budget.

The budget speech said the Liberals would close tax credits and loopholes “that disproportionately benefit the wealthy”.

(Which translates into nailing small business owners- the people who routinely create the majority of new jobs in Canada and LIE-berals are moving rapidly with that legislation! And LIE-berals have already eliminated the tax credit for transit users. So much for the `environmental values` of Our idiot Boy-he insists we MUST have a carbon crap and trade scam to “discourage fossil fuel use” and then kills the public transit tax credit!)

(But his previous stance as an environmentalist stole votes from the Greens as he intended! And now that he has doubled back and decided that oil pipelines are okay as he NEEDS the revenue from oil so there is no more reason to kiss up to real environmentalist who have been permanently enraged by his revised pipeline stance! Another day-another hypocrite LIE-beral stance exposed.)

It kept the stock option tax loophole – which Trudeau had promised to end – which is disproportionately used by the wealthy.

And now it looks like Trudeau’s infrastructure plan is an enormous corporate welfare scheme at the expense of the middle class.

Last election, Trudeau baited Canadians with a big infrastructure plan to be financed with historically low interest rates.

Now he’s switching to a higher-cost private equity Infrastructure Bank.

(But we have seen this show-a decade back LIE-beral Dalton McGinty tried to lure in our public sector unions-intending to use their pension holdings to build up the province. Too bad Hogs flatly refused due to concerns over whether LIE-berals were capable of actually paying what they owe! LIE-berals ALREADY have a backlog of deferred pension payments amount to HUNDREDS OF BILLIONS OF DOLLARS-promised sums so huge they will kill the economy if LIE-berals actually try to dig that cash out of our pockets and offer it to Hogs. With the added bonus that Hog pension managers have SCORNED such cooperative ventures with govt as the return on investment offered by LIE-berals is pathetically LOW!)

(Our idiot Boy has admitted he does not read newspapers and perhaps nobody told him that private venture capital sneers at our little fiscal needs and mocks the return on investment that LIE-berals are currently offering. Ordinary Cdns are well aware that the cost of govt services will SOAR if public/private consortiums get hold of our infrastructure! Such price gouging would kill off LIE-beral chances for re-election.)

The Infrastructure Bank will take private investments – from pension, equity and sovereign wealth funds – and spend it on infrastructure.

But not at the promised low rates.

Last March, Michael Sabia, CEO of a $270 billion investment fund, told a Toronto business audience he expects “stable, predictable returns in the seven to nine per cent rate” from infrastructure investments.

And last week, the Quebec provincial budget revealed a plan to pay private investors 8% on $2.7 billion in financing for a Montreal light rail project.

But it makes no financial sense to pay 8% to private investors when government bonds could finance the same amount at just 2%. It’s just corporate welfare.

(OH! An EIGHT PERCENT return on investment to SELECT INVESTORS- and doesn’t that mean eight percent for LIE-beral FRIENDS? Compare that to what ordinary people get from their savings accounts or bonds!)

That six-point spread translates into big, big money.

(Actually I suspect that six-point spread represents an UGLY REALITY-that our LIE-beral govt HAS almost reached its spending limit! It is clearly better to use govt bonds at 2 percent for financing rather than private sector borrowing at 8 percent- but if you cannot GET that 2 percent bond any more because the govt is broke and wants to use what cash it has on gravy for Hogs-then the 8 percent private sector is the only option- if ordinary people are too poor to buy those 2 percent bonds- as seems to be the case with Cdn debt rising at record rates!)

(Yes-LIE-beral logic is so twisted they have decided the best way to resolve our bankruptcy/no more credit problem is to PAY HIGHER INTEREST RATES! It certainly IS a solution for Ontari-owe LIE-berals who have just refinanced electrical grid repairs for 30 year terms instead of 20 years and to bad if dead broke Ontar-owe doesn’t like the extra costs-its all about winning elections today-and to hell with tomorrow for LIE-berals!)

(There is ONE lone benefit to LIE-berals in the planned public/private partnership-that Hogs hold stock in many private investment funds and by allowing them invest in govt infrastructure plans at high rates it will bolster stock returns and bottom line-and maybe turn away SOME of the wrath of Hogs whose pension funds are perilously close to bankruptcy due to LIE-beral inability to shovel in gravy fast enough! But of course Hogs are bargaining HARD with stupid LIE-berals-the clock is ticking and public patience is eroding and Hog greed is HUGE and LIE-berals cannot give away the store without incurring HUGE public anger-they are caught between fiscal rocks and voter hard places!)

The Liberals believe the Infrastructure Bank will hold about $150 billion within 10 years.

Financed through 2% bonds, the annual interest cost on $150 billion is $3 billion. But at 8%, the cost is $12 billion.

A difference of $9 billion in corporate welfare will be paid by your taxes, road tolls, service fees and bus fares.

It extracts money from the middle class and pipelines it to the affluent.

At $9 billion, Trudeau would be wasting more on a single corporate welfare program in one year than he plans to invest in child care or housing over a decade – programs that would actually help middle class Canadians.

And here’s the kicker – it seems Trudeau wants to launch the Infrastructure Bank with a $20 billion deposit of public money, possibly raised by privatizing airports and sea ports.

(OH my-a privatized airport will ENRAGE those privileged Hogs who somehow believe that it is their right to fly about polluting the world with their filthy jet exhaust-too bad that it is environmentally MORE SOUND to drive an SUV to Florida than to fly there! Privatize airports and Hogs scream foul! Privatize seaports and ordinary people are price gouged on shipping costs-LIE-berals are caught yet again!)

The big business lobby group, C.D. Howe Institute, is pushing airport privatization, arguing the Infrastructure Bank won’t attract investors without that $20 billion sweetener.

But airport privatization might be the weak link.

Another recent Forum poll showed only 13% of Canadians support airport privatization.

If Canadians rebel and Trudeau gets cold feet, let’s hope this entire corporate welfare scheme will come crashing down before it gets started.

Tom Parkin

Liberal words don’t intend to deceive, they just do

(Self professed staunch LIE-beral supporter and famous author Peter C. Newman said it best in his book When the Gods Changed-that LIE-berals no longer have any plan or vision for the country; no longer have any coherent long term policy
and no longer stand for anything. The disappointed Newman illustrated that his beloved LIE-beral party now has only a lust for power and an irrational belief that they are the anointed ones who deserve to lead the country regardless of reason or logic.)

(Newman recognized that LIE-berals were in trouble when Stephen Harper appeared on the scene. LIE-berals have now temporarily taken the upper hand but in doing so have spewed such a web of promises they cannot keep they are now in deep trouble with huge swaths of the public. The great LIE-beral fear-and the huge handicap holding them back is the justified fear that the 55 percent of Cdns who do not normally vote may decide to do so in future. LIE-berals recall clearly that voter turn out JUMPED nearly 50- percent when Rob Ford ran for Toronto mayor. Nor have LIE-berals forgotten that Mike Harris got the largest majority ever given to an Ontari-owe premier. LIE-berals got LUCKY back then when Red Tories within the Conservative Party sabotaged The Common Sense Revolution and sent in Ernie Eaves-LIE-berals are now praying that Red Tory numb skulls will hand them another mutton headed `gift` like Ernie!)
 

Angstrom

Hall of Fame Member
May 8, 2011
10,659
0
36
This thread is broken i think. It must be collapsing on itself due to all the Communism in it

:):)
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
This thread is broken i think. It must be collapsing on itself due to all the Communism in it

:):)


I think there should be an opportunity for an income for all but I'm dead against everyone but the profoundly disabled getting a free ride.
 

Angstrom

Hall of Fame Member
May 8, 2011
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I think there should be an opportunity for an income for all but I'm dead against everyone but the profoundly disabled getting a free ride.

I think it is the profoundly disabled Nature usually takes out first.
 

Angstrom

Hall of Fame Member
May 8, 2011
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Basic Income is the next survival mechanism of capitalism.

To save capitalism we will put it on communist life support? :laughing3:

real capitalism would be to let the whole system collapse if it no longer works

And suffer the natural consequences of failing to succeed