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Private Equity is a TERRIBLE Investment... Who Keeps Giving Them Money? — How Money Works

Not too much to comment. Business in the USA and by extension Canada is bad right now. Probably for a generation. We really do need a generational plan to get us out of this mess. A ten to twenty year program, unfortunately. Placing pieces onto the board and moving them where they need to be to make things work again. By pieces, I mean people. We need good strong policies to implement as well. There's a lot to think about.
Recent posts

Carney speaks after capitulating to Trump's demands

Dunno how else it can be explained other than capitulation. Carney, you weren't elected to kowtow to Trump. You were elected to stand up to him. Canadians may even start to get buyers remorse for ditching Trudeau for you when he showed far more backbone than this. At least he cared more about Canadian sovereignty than this act. What exactly have you extracted for this? What benefit did this provide for Canadians compared to the billions in revenue Canada stood to gain from the Digital Services Tax as well as protecting Canada's ability to create its own taxes?

Why You Should Hate the Rich Even More (w/ Rob Larson)

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The potential Canadian federal government budget

If Trudeau has brought in Mark Carney as a kind of special advisory role, then it's likely the upcoming budget will resemble the budget the Labour government in the UK unveiled just recently. It'll likely be a large stimulus bill aimed at getting cash into hands and raising taxes on the wealthy and corporations. If the howls for Trudeau's resignation are any indication, he's probably placed a lot of confidence into Carney, and why wouldn't he? Carney's well-respected and liked by the Canadian public and seen as someone who's able to stand up to bullies such as Harper and Poilievre. The work in policy Carney has done recently inspires me quite a bit, and I'm quite a bit of a radical, standing considerably to the left of the federal NDP. From the results of the Cabinet shuffle, Trudeau seems to be keeping Carney at arms length away from  the Cabinet, but I wouldn't be surprised if Carney is on speed dial for both him and the entirety of Cabinet. But it...

Trump Tariffs on Canadian Goods

Trump promises 25% tariff on Mexico and Canada, extra 10% tariff on China  I've written prior on my belief we should return to a tariff system and do away with current trade agreements. I don't agree with a lot pundits out there calling tariffs "regressive" or whatever else. It's an economic system that benefits financial corporations at the expense of national industry and to protect Canadian labor, we never should've into the "Free" Trade agreements we had unilaterally imposed upon us by successive Liberal and Conservative governments. Anyway, the reality of Trump Tariffs is they're coming in. Canada will need to match these tariffs, because Trump is going to unilaterally impose them. Trudeau can't appear weak, so he'll have to match each tariff. And to offset the costs of tariffs, Canada will have to kill the GST/HST, which they're actually already doing, albeit temporarily for other reasons. But GST/HST were imposed upon Canadians...

American Presidential Election

 Welp, the Democrats lost big-time. Harris lost to Trump and it wasn't even close enough to bother with contesting it. Why? Who knows. There'll probably be any number of reasons developed: third parties, racism, and so on, and some of those reasons may even be relatively close to the truth. But what is true is Joe Biden didn't really do Harris any favors with his lack of action on combating inflation. He left it all up to the central bankers and they have exactly one tool for targeting inflation —raising interest rates— and this tool really isn't the best tool available for bringing inflation down in a hurry (it's taxes. Taxes are the best tool for combating inflation but no politicians ever speak about this). It basically took Biden's entire term for interest rates to finally go below 3%, and with that, Biden also probably would've lost the election, because average people are feeling the effects of the cost of living. It's basically a crisis out there ...

BC Election Preliminary Results Thoughts and Feelings and Some Preliminary Analysis

The BC NDP will possibly hold onto power in the province of BC. With a Confidence and Supply Agreement with the Greens, they should aim for four years of stable government. However, they should also look inward. They should take good lessons from this near-loss of power. The BC NDP wanted to take a "centrist" position —that they were "safe for business"— but have no idea that the further right the party tacks, the more this plays into the right's strengths giving parties like the BC Conseratives headwinds to go even further right. Rather than safe, the BC NDP needed to announce policies that would've been like swinging haymakers at certain business interests especially for rentals; businesses taking advantage of low wages for international workers; and universities taking advantage of international students. For current rent prices, this plays twofold against the NDP. Rent prices as they are now depress voter turnout for the NDP. People see the NDP as ineffe...