𝚆𝚊𝚛𝚍 𝚂𝚖𝚒𝚝𝚑 🇨🇦

Top capitalist supports UBI, just won't use the term because of critics who rely on strawman arguments. Call it what it is -- a universal income from AI.

@MarioNawfal good cop ... bad cop

🚨🇮🇷 Iran's president called the IRGC's UAE strikes "completely irresponsible" and "madness"... Per Iran International, President Masoud Pezeshkian is reportedly furious that the Islamic Revolutionary Guard Corps launched the missile and drone strikes on the UAE without the government's knowledge or coordination. Pezeshkian called the strategy of escalating with Iran's Gulf neighbors "madness" and warned of "potentially irreversible consequences." This is the most explicit confirmation yet that the IRGC is operating outside the Iranian government's control. Foreign Minister Araghchi negotiating in Pakistan while the IRGC seizes ships in Hormuz. Pezeshkian publicly calling for diplomacy while the IRGC publicly threatens to sink U.S. vessels. Now the IRGC striking Emirati targets without allegedly telling the Iranian president. Pezeshkian's framing matters. He's not criticizing tactics. He's calling the entire IRGC strategic posture "madness" and warning the consequences could be "irreversible." The civilian-IRGC split inside Iran is now the central variable in whether this war restarts or ends in negotiations. If Pezeshkian and Araghchi can wrest control back from the IRGC, a deal becomes possible. If the IRGC keeps acting unilaterally, Iran is going to be in another war regardless of what its negotiators say at the table. Source: Fox

@KirkLubimov Reminder...many taxpayers are not part of the "Investor Class"

Huh? Doesn't he know that public markets already exist?🤦🏼 Finance Minister François-Philippe Champagne promotes the new sovereign wealth fund; Canada Strong Fund, as a way to invest in pipelines and other infrastructure companies; "If you and I would wanted to invest in a pipeline or invest in a project of national interest, it's pretty difficult as retail investors to join in." Any investor can already buy into pipeline and other companies as most are publicly traded. Many pay a nice dividend, btw, and don't require the government to borrow $25B to do so. If the government wants Canadians to have access to per project offerings, then they need to get rid of the red tape preventing it. I expect our Finance Minister to know the most basics of our financial markets.

@ryangerritsen a taxpayer-funded sovereignty fund, that provides cash dividends to all citizens, will be welcomed by those on the lower end of the tax bracket.

Ok I have to ask, would you or anyone you know invest their hard earned money in the new Canada Wealth Sovereign Fund? We’ve all seen how these individuals manage a Country, now we are supposed to put our faith in them managing our money?

@MarkJCarney @EmmanuelMacron

Canada and France are the closest of friends — bound by shared history, values, and language. @EmmanuelMacron and I are looking at new ways to create more opportunities for trade between our nations, and create more prosperity on both sides of the Atlantic.

A Ton of AI Videos are Kicking up to an high gear on Internet in these Days

@avilewis @princessrott A $25 billion investment should profit Canadians straight into their bank accounts

I don’t think one can live a dignified life in Canada on $500/month. Our call is in line with disability justice activists, who are demanding $2150/month, closer to the pandemic-era CERB. But yes, @princessrott, disconnecting the CDB from the tax credit is essential.

@LeslynLewis think of it this way... it's just an entry in every Canadian's CRA account that can be applied towards tax owing or deposited into a tfsa account (it may not be much at first, but 20 bucks is 20 bucks)

After years of deficits and inflation, the Liberal government is now bundling more debt and national infrastructure into a so-called sovereign wealth fund; they are repeating the same Canada Infrastructure Bank model that has cost taxpayers and rewarded insiders. This isn’t building wealth. It’s repackaging debt. Future generations shouldn’t be sold out for short-term political gain.

@acoyne if done right.. The sovereign wealth fund could be an adjunct to either a rrsp or a tfsa.. a new genuine Canadian financial instrument

My latest, on the Canada Strong Fund: It's like a leveraged private equity fund, only with bureaucrats. Or maybe it's Canada's first government-run mutual fund. I don't know, you figure it out. theglobeandmail.com/opinion/articl…

@mlozon3 @DeanAllisonMP 100% ! ... no profit? ... no sovereign fund investment.

@OntarioWard @DeanAllisonMP Uh, you need to make a profit to issue dividends.

BREAKING Conservative motion in Parliament today That, given that, i. sovereign wealth funds must have wealth that comes from budget surpluses and resource revenues, ii. this government has run no surpluses, only deficits for the last 11 years and has no funds to invest, iii. the Prime Minister is proposing to put his 25-billion-dollar fund on the national credit card, which will cause further inflationary pressure, iv. the Prime Minister has already created 12 new Crown corporations, agencies and bureaucracies, v. when government directs capital, it always goes to the politically powerful and not the deserving, vi. there is over 1 trillion dollars in pension fund money that Liberals have pushed out of Canada that we could bring back with faster permits, lower taxes and free enterprise, vii. the rising cost of fuel and food is already burdening hard working Canadians who cannot afford to pay more for handouts to Liberal insiders and corporate elites, therefore, the House call on the government to abandon this sovereign debt fund.

@danharriscan Let me know when you form an advocacy group pushing for The Sovereign fund to be established as a Crown Co-operative (I've never heard of such an entity)

@OntarioWard Always!! I got to sit on the Special Committee for Co-ops in 2012. Produced a great report and one of the recommendations I ensured was in it saved housing co-ops (and city owned co-ops) 10s of millions when blending and extending their mortgages. ourcommons.ca/Committees/en/…

It's not hard to figure out. Private enterprises expect profits and investors expect growing returns. It starts by squeezing workers on wages and layoffs, then raising prices, then cutting back on maintenance and services/amenities. Focus on profit, not service. Squeeze #cdnpoli

@danharriscan unless The pressure is on to set it up as a cooperative corporation... otherwise agree with you. there would be no hope

@junonewscom invited the fund is set up as a cooperative corporation owned equally by all Canadians with one vote each.. This new institution could work.

PM Mark Carney claims his newly announced sovereign wealth fund would help grow the economy by backing major projects that create jobs and boost exports. He says it would let Canada invest alongside private companies, sharing in profits while they take on risk.

@cbcwatcher @spaikin every Canadian with a social insurance number needs to possess one voting share in The sovereign wealth fund

Steve Paikin on the structure of any Sovereign Wealth Fund "It's got to be with an independent board that makes independent decisions away from politics, so the politicians can't monkey around with it." @spaikin

@sarobertsonca provided every Canadian with a social insurance number gets a vote on the funds directives (and directors) ... and also no funds will be invested in corporations that don't offer dividend payments

PM Carney on the Canada Strong Fund: "It'll be run as an arm's length crown corporation -- professional board, public reporting."