Absolutely: higher income people are paying for most of the program with their taxes, why exclude them? I might be a strange blend of left and right but these programs: schools, hospitals, daycare and dental should all provide a minimum level of service for everyone regardless of their income and help establish the basis for a fair price for dental care. This is a stupid implementation and will be destroyed as soon as a conservative government happens in 2-4 years because both the left and right will be unconvinced.
Snowstorm
joined 4 months ago
If you look at this situation from an older mindset, i am above thirty, you would definitely tell them in a very direct and short conversation. Maybe even be playful about making them feel guilty, that’s what most people with more life experience would do.
Doesn’t she realize that to an authoritarian government, the senate having the ability to break his power is the most threatening thing ever : the more you wait the more you need to be fearful because your life will be shortened. Right now, it is in Trump’s best interest to disappear congress and the supreme court. And the supreme court is mostly dealt with by now because proven powerless. He has two years two deal with Democrats and way more time to deal with whoever he believes a problem, but the senate is an everyday threat to his power.
Isn’t that the strategy? Real estate goon style! Bully everyone that you consider week with a tsunami of unpredictable problems, get a deal with one of them to show its possible and offer crumbs for each to settle. You then wait for all to grow tired of the storm and offer worst conditions as time passes. This strategy will involve chaos, one negative example and one positive example.
This guy gets it. 100% agree.
Then second step : shared responsibility for theft like if someone buy a car in your name you aren’t stuck with 100% of the problem because the dealership is 50% liable. Third step : Insurances need to be available for the residual risk but with 50-50 liability everyone will be on their best behaviour.
What’s the next chapter in this story? Some hackers leak the personal info of all ICE grunts and they gets involved in all kind of accidents? In the last century, in Germany, moderates got declared undesirable anyway so now that they have a chance to organize beforehand. Some states ban ICE altogether and becomes safe havens? It’s easy being mesmerized and keep on with “but that’s illegal” , do something else happen? A few millions angry Americans can’t all fit in a 40000 person prison.
Well, they can only loose my vote once and it already happened a looooooonnnnng ago!
Then what if the process doesn’t stop? Bonds interest keep on rising until June-July. The not independent anymore central bank intervene and the USD devaluation gets spectacular!
I split this evolving situation according to different scenarios and try to weight their relative probability. What’s the motive, where’s the gain?
A) 80% Some variation of pure incompetence where they tried some shit with whatever aim and weren’t prepared for the hard pushback they got served quickly and decisively. Current events are capitulation, at least for a moment.
B) 15% We are in a Russia-like scenario where this administration needs to govern from fear : population fear deportation and can’t elect another government and fear from the companies that he can crash anything at will without remorse : pay regularly to avoid the destruction of your business model. Mafia protection tax will be lucrative for the few people at the very top.
C) 5% Wider destruction of society with genocide and a new flavour of slavery. Luckily this one is difficult and stoping at a mid point, pivoting to B, is easier. Achieving stability in a “network city” scenario doesn’t seems plausible to me : one small example: try to manufacture stuff to give your ruler class quality healthcare without any scale because war killed so much people… modern stuff is outrageously complicated.
How can we price the stock correctly if we don’t know how much of the profit margin needs to be cut to account for bribes? If Apple shouldered the bribe on its own is this a disadvantage when their competitors gets tariff relief for free? Do they pay every 3 months or every year? Maybe we learn the bribe price on the quarterly conference call? Apple has some kind of leverage against the US government and this isn’t an expense?
I have more questions than a three years old!
I wont ever advise for timing the market, yet the current imminent US-Canada trade war and political storm inspired me to reassess my investing strategy.
Context : Mid 30, kids, mortgage, stable job but no retirement plan with the job.
I favour a diversified mix of low cost index fund but being a nerd i enjoy the Rational Reminder podcast and understanding the smallest details. An evidence based approach to risk and expected returns will guide my choices.
I started with 20 % bond and 80 % stock. The problem with bond : can exhibit volatility if interest rate change especially over longer time horizon, will limit growth if too high %, uncorrelated to stock but sometimes move in the same direction than stocks in recent downturn… I can put some extra payments on my mortgage and consider this a bond for a few years.
I want home country bias : no withholding taxes on dividend and at the opposite i get a tax credit for taxes already paid in Canada. In a conflict i can’t ever be expropriated from my own country stocks and use the Canadian currency for my spending. Let’s make Canada 25%.
Next is the US allocation. It’s two thirds of the investable world by market weight (see the VT etf if you want references) it’s had incredible returns in the last decade with p/e multitude going higher. Currency and country are uncompensated risk (random) and i won’t put myself in a place where 2/3 of my retirement is subject to random results. I choose 35 %.
That leaves 20 % for International developped market. I would like this to be higher than US but i will wait for the actual market weight to tell me that International merits a higher than US %. I leave developing market alone : i want an efficient market with free flow of information snd rules of law properly enforced.
Total 100% (20-25-35-20) close to VGRO.to No single stock, no gold, no crypto. What are your asset allocation plans and most importantly why?
If there is enough engagement here, i will make a future post about asset location, favourite etf to achieve my goal, small cap value and insured US allocation with deep itm options on SPY.
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NDP got decimated but they functionally still hold the same weight of bargaining power : give this government stability in exchange for advancing their ideas.
The problem with this strategy being that, comes the next election, your own ideas won’t be differentiated from the ruling party and the next election will be a challenge.
Carney could be smart to form an alliance with the Bloc for exactly this reason : the distance between Liberal ideas and the Bloc is quite small : obstruct their effectiveness at opposing you with an alliance.
If the Bloc and NDP are smart they both ask for electoral reform as a condition to give the government stability.