The powers that be will likely push for cashless society because it gives them more surveillance & control

If credit/debit cards were the norm and cash was invented today, it would likely be outlawed down because criminals/terrorists/child kidnappers will use if for nefarious purposes

It’s crazy that they change the weights on these indexes. How are you supposed to get an accurate inflation number if you keep moving the goal posts

Everyone is the just the product of luck

Totally agree! Isn’t an argument against the carbon tax though, but an argument for more transit development

There’s been a slight downtick in recent years, but it’s still up +10 years from 1970

https://www.macrotrends.net/global-metrics/countries/CAN/canada/life-expectancy

While I think the student protest are misguided, this seems like a good development. People have a right to (peacefully) protest, and universities shouldn’t forcibly remove people that aren’t hurting others or damaging property

It’s not the simple unfortunately, because of 2 factors:

1. Our boomers are a very large generation, larger than the millenials

2. Life expectancy has increased so people live much longer (with high medical costs)

In the 70s - 2000s we had a large generation of in their working years paying for a small generation’s 5-10 year retirement

Now, we have a small generation in their working years paying for a large generation 15-25 year retirement

And this is not something we can solve by just “taxing the rich”. The numbers are so huge that taxing Canada’s richest people is a drop in the bucket

I can’t believe the carbon tax is getting such bad press lately. IMO it’s one of the best policies to come out of the current government. Everyone is upset about high gas prices, but the forget that they get a big rebate at the end of the year. This means for people with fuel efficient cars, the tax is minimal, and the gas guzzlers pay a lot. Encourages better use of limited resources.

This is a bit of a fallacy. In a normal market, the rent for a home is less than the costs of home ownership (mortgage + maintenance + taxes) and that saved money can be used to purchase other assets.

Until the real estate mania of the last few years, if you followed this strategy, you would not be any worse off than the person who bought their home.

I personally would much rather have equity in more fungible assets than a home. Owning a home ties you to a specific location, and can’t easily be sold in an emergency. Plus it’s not a very diverse portfolio if most of you wealth is in a single property

Certainly some of inflation is caused by a decade of rock bottom rates. Our real estate bubble is probably partially caused by this

Ultimately, the BOC has a mandate to fight inflation, and very few levers to use. They cannot fix the supply chain issues, but they can quash demand, so that is what they will do