Ontario Moving Forward with Basic Income

White_Unifier

White_Unifier

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Feb 21, 2017
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TenPenny said:
You don't have to live in Toronto or Vancouver, you know.
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But if you must work there, you probably don't want to commute for hours to and from work each day either.

Focus on making the economy more efficient, and that will reduce the cost of living without necessarily resulting in lower wages, or at least the cost of living would drop more than the wages would.
 
Angstrom

Angstrom

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A basic income only means rent and housing will cost more. Home equity eats into all new earnings growth. Its a fact
 
Angstrom

Angstrom

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JLM said:
Average house price in the Central Okanagan has just surpassed $700,000! It's hideous, criminal and obscene!
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That is because house equity value will actually gobble up house value after it has been payed. The housing market is the ultimate proof, We are all greedy Trumps. Some of us fool ourselves into believing they are not.

As the market ages it will become like in Europe where housing is already much more expensive due to several generations dumping all their assets into buying a home.

In a few generations, It becomes impossible for younger generations to buy in. Unless they are given asset earned by generations before them.

Or send their kids into slave labor camps. They would probably learn more from it then in schools anyways.
 
Bar Sinister

Bar Sinister

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JLM said:
No by 90%! It could be an utter disaster but only because the younger generation couldn't handle it! :) Take a realistic look at it. We've been going through hoops for 60 years trying to increase our wealth but we are still at the same spot on the "Merry-go-Round" and not one iota wealthier for our efforts. We may think we are wealthier but in fact the banks own most of the stuff most of us think we own. It's all a delusion!
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Sorry, but that sort of thinking would lead to an economic collapse that would make the Great Depression look like a picnic.

You have identified a problem, but it has nothing to do with inflation. The spending power of consumers has been eroded over the last fifty years or so because wages for the working class have not kept pace with corporate profits. That has resulted in a concentration of wealth in the hands of the top 10% of the income earners. In order to get off the "merry-go-round" as you put it, there needs to be a major redistribution of wealth and that can only occur by taxing the wealthy more heavily or by requiring that they pay the people who create the wealth higher wages.
 
JLM

JLM

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Bar Sinister said:
Sorry, but that sort of thinking would lead to an economic collapse that would make the Great Depression look like a picnic.

You have identified a problem, but it has nothing to do with inflation. The spending power of consumers has been eroded over the last fifty years or so because wages for the working class have not kept pace with corporate profits. That has resulted in a concentration of wealth in the hands of the top 10% of the income earners. In order to get off the "merry-go-round" as you put it, there needs to be a major redistribution of wealth and that can only occur by taxing the wealthy more heavily or by requiring that they pay the people who create the wealth higher wages.
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When I first started in the work force, on average the C.E.O. earned 7 times what the janitor was paid. Now it's probably 200 times or more. THAT is one of the causes of the problem.
 
Angstrom

Angstrom

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Bar Sinister said:
Sorry, but that sort of thinking would lead to an economic collapse that would make the Great Depression look like a picnic.

You have identified a problem, but it has nothing to do with inflation. The spending power of consumers has been eroded over the last fifty years or so because wages for the working class have not kept pace with corporate profits. That has resulted in a concentration of wealth in the hands of the top 10% of the income earners. In order to get off the "merry-go-round" as you put it, there needs to be a major redistribution of wealth and that can only occur by taxing the wealthy more heavily or by requiring that they pay the people who create the wealth higher wages.
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Somewhere allong the way families trying to get ahead, decided to have two parents earning. And Home owners simply gobbled up the extra income achieved into home equity and rent by doubling housing costs and rent.

The greed of everyone. Families trying to get ahead, Home owners and corporations is to blame. You're just as greedy as anyone else, you self righteous fuks are pointing the finger but remember. When you point the finger, three fingers are pointing back at you.

wages shouldn't have doubled what they are today. Our situation is simple. Families used to be a single income, and a other at home. And to blame corporation for the new cost of living, is BS. Equity value is the biggest earner of all. And who owns most of the housing? Greedy fuking boomers.

Not corporation.
 
Danbones

Danbones

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Bar Sinister said:
Sorry, but that sort of thinking would lead to an economic collapse that would make the Great Depression look like a picnic.

You have identified a problem, but it has nothing to do with inflation. The spending power of consumers has been eroded over the last fifty years or so because wages for the working class have not kept pace with corporate profits. That has resulted in a concentration of wealth in the hands of the top 10% of the income earners. In order to get off the "merry-go-round" as you put it, there needs to be a major redistribution of wealth and that can only occur by taxing the wealthy more heavily or by requiring that they pay the people who create the wealth higher wages.
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Inflation comes from the government borrowing at interest which isn't created with the loans, and dumping BILLIONs in free BAILOUT fiat money into the system.
;)
jeez...you really don't know much about of what you talk do you?
(you used GOVERNMENT inflation numbers recently, which anyone who buys grocries knows is a wopping lie!)

You just showed you are a commufascist, ( as we have been saying re your ideology for supporting nimwits like HILLARY ) and as we have seen in the USSR, and other places, that
DOESN'T WORK IN REALITY
LOL, it doesn't even work in the class room.

heh heh see Boomer's thread:
http://forums.canadiancontent.net/hot-topics/152531-will-robots-take-my-job.html
 
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Bar Sinister

Bar Sinister

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Jan 17, 2010
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JLM said:
When I first started in the work force, on average the C.E.O. earned 7 times what the janitor was paid. Now it's probably 200 times or more. THAT is one of the causes of the problem.
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Which was exactly my point.

Danbones said:
Inflation comes from the government borrowing at interest which isn't created with the loans, and dumping BILLIONs in free BAILOUT fiat money into the system.
;)
jeez...you really don't know much about of what you talk do you?
(you used GOVERNMENT inflation numbers recently, which anyone who buys grocries knows is a wopping lie!)

You just showed you are a commufascist, ( as we have been saying re your ideology for supporting nimwits like HILLARY ) and as we have seen in the USSR, and other places, that
DOESN'T WORK IN REALITY
LOL, it doesn't even work in the class room.

heh heh see Boomer's thread:
http://forums.canadiancontent.net/hot-topics/152531-will-robots-take-my-job.html
Click to expand...

Another stupid nonsense post. Inflation is caused by a number of factors. If you were as brilliant as you think you are, you would know that. Fortunately I know enough about your lack of comprehension not to waste any time giving you a detailed reply.
 
Jinentonix

Jinentonix

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TenPenny said:
You don't have to live in Toronto or Vancouver, you know.
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Right, right, because only Toronto is being affected by housing prices in Ontario. Since the Libtards took over Ontario the average price of a house has increased by $331,000 with one third (or $113,000) of that increase occurring just since the Wynned sock took office.
Even the Libs lip service in acknowledging the problem and their proposed legislation to deal with it misses the mark by long shot, indicating they don't fully understand the problem or they simply don't care. Personally, I tend to think it's the latter.
 
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