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@dividendology Not sure about 25K but if you divided all the world’s wealth equally, it probably wouldn’t be too long before we approached a distribution resembling today.

Agree or disagree?

@darkmarrcuuss @Tablesalt13 Kwangmyong here would be a Liberal dream!

@Tablesalt13 I'm conflicted on which entity I'd want to have my data less; the Canadian government or Google? I'm pleased someone said no to Canada's insane demand, but I don't want to end up with the Kwangmyong like North Korea. Cell phone companies will fold instantly, I'd bet.

BREAKING: Google has said it will REFUSE to comply with Carney's Surveillance Bill C-22, by refusing to provide encryption keys to CSIS and the RCMP. "If we say a product is end-to-end encrypted, it is end-to-end encrypted." HELL YEA BOYS! .....LFG!!

@vavasthi @BluCollarDaddio @Tablesalt13 I am sure the government would quickly move to eliminate any potential economic benefits from loss of social media!

@BluCollarDaddio @Tablesalt13 Canada will become more productive.

@GrantCardone No. Stocks regularly drop 5%-10%, occasionally 20 to 30% and rarely 50% or more. The timing cannot be predicted. Anyone investing in stocks should make and stick to a plan robust to these known facts.

🚨 Are you concerned? US stock market most OVERVALUED in 50 years.

@jhady2k10 @ShaziGoalie I mean, I didn’t personally but yeah there is no question Canadians want to be poor and have voted for and supported destructive policies for too many years now. Sadly we all pay the price.

@JYSure @ShaziGoalie Yes , they just stormed in , put on the airport staff uniform and started ruining the airport and its services . Are you serious right now?? You elected the people who did this for the last 12 years

This Pearson Airport story somehow keeps getting worse. W5 literally walked in from the street into the baggage pickup area and showed how easy it would allegedly be to grab a “drug bag” and leave. They also observed workers entering without pass scans and random people using exit doors. And this is at Canada’s busiest airport.

@ManyBeenRinsed @Cappy_Nate Can certainly continue down.

Canadian house prices are actually down 80% over the last 50yrs if you divide by money supply. It's all printed money. Bottom is in for the rich. 🤫

@jhady2k10 @ShaziGoalie I have noticed and wondered how many of our airports seem almost entirely run by a given ethnic/cultural group. Toronto…Calgary… How is it “diversity” when a given group occupies nearly 100% of roles at a given facility?

@ShaziGoalie The whole airport has employed from 3rd world countries and since we all know they have been known to follow rules and obey laws so they are perfect DEI hire to keep Canadians safe . I am just a racist for points the facts but everyone else keep thinking it .

@ShaziGoalie lol the pickup is the easy part. Let’s see the drop off and how the bag moves through … yes there are major problems with corrupt employees etc, but this is the least of it.

@CanadaTaxGuy While this might be true in a few certain very specific scenarios, this “advice” certainly does not blindly apply to most people.

You can write-off your Tesla! This isn’t just for business owners, employees can also qualify. Let’s say you earn $200k. You buy a Tesla for $61k. Your new income is now $139k for tax. You save $30k in tax. And even better, you can possibly get back the GST/HST you paid!

@BoomerDivvies A billion dollars when we’re old will be like a million dollars when we were kids.

There were 390 new billionaires over the past year. Does this shock you? I would have guessed maybe 20 or 30 new ones in a single year. And people on FinX are still talking about whether it’s okay to get a latte at Starbucks.

@Karl_Schamotta @danielfoch The real story here is our absolutely pathetic (lack of) income growth. Sad to think Canada was a rich country with THE richest middle class as recently as the 1980s. We are now a poor “rich country” trying to leave the club entirely.

It's difficult to build a convincing bull case for the Canadian dollar when the country is suffering the advanced world's steepest post-pandemic property downturn, with real values off 28.7% from their peak:

@TheRlyBigShow Great to see, hopefully there are a lot more real estate declines to come. Far too much of Canada’s economy has been allocated to this nonproductive sector. We need to get back to actually building things and providing real services in this country.

The student housing scheme that drove Brampton into default is one of the most underreported stories in Canadian housing. Residents were cramming 18 to 24 international students into 3,500 square foot homes, charging $800 a month each. That is technically an illegal rooming house. The government allowed it. Then wound down the foreign student program. The income went to zero. The mortgages did not. Those houses are now going into default in large numbers and taking neighbourhood values down with them. Ron Butler joined The Really Big Show to discuss why Toronto condos are down 40 to 50% from peak, why BC is about to follow Ontario off the same cliff, and why Mark Carney's housing plan will never build a single home anyone can actually buy. You're going to want to watch the full interview -> youtube.com/live/KRW9D8bJe…

@CharlesLammam Canadians want to be poor and continue to support and vote for policies ensuring same.

Canada needs broad tax reform to become investable again. Our top marginal income tax rate was 46% not long ago. Today it sits near 54%, well past the 50% the Carter Commission advised not to cross. A decade of piecemeal tax changes has knee-capped our competitiveness.

@uscfan981 Vader, Sid, and Steiner.

Who’s the best 3 WCW people here?

@elonmusk Canada is certainly trying, and the results are obvious.

💯

@Tablesalt13 It’s not risk free, it’s fully exposed to inflation, adverse rate changes etc. Over long durations these risks are material. There’s no free lunch anywhere in the markets or in life.

Its also risk free and if interest rates drop, your bonds might actually be worth MORE than $3 million.

3 million and youre set FOR LIFE, never have to work again AND you STILL have the $3 million to pass on to your kids few understand this opportunity.

@Tablesalt13 Imagine having to compete on one’s own merit or ability? Totally foreign concept in Canada, which ultimately costs all Canadians dearly.

So Netflix is going to have to pay 15% of REVENUES, not profit ...so that the government can fund their care bears propaganda like "little mosque on the Prairie" ... which literally NO ONE watches.

@rossium A little under 50%, thanks to the Tuesday detail 13/27

This question is asked at Citadel for $650k/year roles: > A family has 2 children. > At least one is a boy born on a Tuesday. > What's the probability the other child is also a boy? if you answered 50%, you just failed. drop your answer below. I'll reply to the right ones.

@PeterMallouk @danielfoch Unsustainable, and will end badly with pain for all. Totally self-inflicted!

How an economy begins to self-implode, in one graph.

@JimChuong For example a mid 30’s physician is a completely different scenario than a retired 70 yo executive. NW etc scale with age. Personal finance is just that… personal… few if any true “rules” that apply across the board.

@JimChuong I mean, if you’re truly rich your paid off bourse should be a low single digit percentage of NW. That said, I know several families in the 10-15M range with primary 2-4M, they are certainly doing well. There should also be an age/career stage adjustment.

To think that your principal residence is an investment means you were gaslit. The rich do not allow their home to exceed 12% of net worth. Ever. Get financially educated.