Provincial Debt getting more expensive

[jariax]

I think most people will admit that Ontario's budget is problematic.

A few people cling to the belief that the economy will magically fix itself, and we will fix our deficits without any changes to taxation or spending, but this seems unlikely.

It seems that our choice between governments is either:

A government than panders to unions, paying wages and benefits that far exceed the private sector equivalents.
or
A government that panders to business and the wealthy, reducing taxes at a time, when it isn't actually successful companies and the wealthy that need help.

It would be nice to see a government reign in spending, and increase (or at least maintain) taxes, until we get to a point where we aren't doling out billions of dollars in interest payments a year.

 

[lone wolf]

My argument is entirely supported by my previous comments.

The equalization system seeks to sustain activity in areas that are not competitive enough to justify their own, internal economic needs... Really man, do you still call you mother and father up to get a weekly allowance because you can't afford your lifestyle?

Will you when the oil's all gone and all you're left are cows again?

 

[petros]

800 years from now I doubt we'll be eating cattle.

 

[captain morgan]

Will you when the oil's all gone and all you're left are cows again?

Nope, we learned our lesson from that fascist Trudeau... We've since diversified our economy into other sectors.

Just look at the # of Eastern based (some now 'former') that are setting up shop or expanding into Sask and AB.

800 years from now I doubt we'll be eating cattle.

Chances are that it'll take 799 years for all the green tech to come on line and have the bugs ironed-out.

How did the seeding go?

 

[petros]

3200 acres to go. I'm in the city to pick up a (in the E Euro accent of my 300 year old uncle) "new brass booshings for air seed blower".

 

[BruSan]

Anyone give any thought to China becoming more democratic and capitalistic and what effects that might have on B.C.'s economy down the road? Housing bubble? Price of condo's? Oriental money moving back to the orient?

 

[lone wolf]

800 years from now I doubt we'll be eating cattle.

You're already paying more for your gasoline than the people who REALLY own 'your' resource

 

[petros]

And that is why you think oil is running out?

 

[jariax]

Anyone give any thought to China becoming more democratic and capitalistic and what effects that might have on B.C.'s economy down the road? Housing bubble? Price of condo's? Oriental money moving back to the orient?

The biggest change coming from China will be when the government stops discouraging its citizens from buying imports - either through government regulation or through playing with currency evaluation. The other big change is reducing the amount of interference government plays in business. It is very difficult for foreign companies to do business in China due to various official and unofficial policies.

China's government has shown us that a centrally-controlled country can manipulate markets to benefit the economy as a whole. The free market is not the only way to achieve such success.

 

[lone wolf]

And that is why you think oil is running out?

How simple you read things....

 

[petros]

If Beijing ever decided to stop devaluing the RMB, the entire world would grind to an abrupt halt.

 

[captain morgan]

You're already paying more for your gasoline than the people who REALLY own 'your' resource

The house that you live in and the land it's on is also 'our resource'... Does that translate into me getting a % of the proceeds when you sell?

 

[lone wolf]

The house that you live in and the land it's on is also 'our resource'... Does that translate into me getting a % of the proceeds when you sell?

Why? There wouldn't there be an "owner first" policy on that too?

 

[petros]

Oh hell no!

 

[captain morgan]

Why? There wouldn't there be an "owner first" policy on that too?

How would it be ever possible that you could be the sole owner of 'our property'?

 

[lone wolf]

How would it be ever possible that you could be the sole owner of 'our property'?

Would it ever be possible for you to discuss a topic rather than resorting to silliness when you've blown yourself right off the point? If there are resources on or under land to which I hold surface title, my rights are pretty much non-existent.

 

[petros]

BINGO!!! You have no property rights.

 

[captain morgan]

There is nothing silly about my comment. I am merely presenting a more extreme interpretation of your position.

Surface vs mineral rights are an artificial construct. At one point, if you owned 'the land', you held title to everything on and under that land. There are still groups (very few) that hold the complete mineral rights to their land.

So, to get back to the topic, if your land is actually the collective property of all Canadians, should you not pay some form of royalty upon sale of that land (on top of taxes for land that is not your primary residence)? How about if your local muni gvt deems 'your land' to be expropriated in the best interests of the community? Sure, they pay your for it, but 'they' also determine what will be fair market value.

So, how about it. Do we consider all resources as communal or just the ones that are convenient?

 

[lone wolf]

BINGO!!! You have no property rights.

When did that become the topic? Enjoy your perceived victory. Maybe Morgan will share his buzz with you....

 

[captain morgan]

When did that become the topic? Enjoy your perceived victory. Maybe Morgan will share his buzz with you....

Nice dodge