Gattu

@PasqualeSasso @danielfoch Well said.

@danielfoch That takeaway misses the point. No one's legitimately arguing that tax dollars should never interact with housing. The specific objection is to using taxpayer money to prevent price discovery by backstopping a market correction while simultaneously bailing out developers.

My biggest takeaway from the "condo bailout": It revealed how few people realize their tax dollars have been exposed to the housing market for 30+ years: Mortgage insurance GST/HST on housing Development charges Etc. I've been beating the drum for 10 years that this is a systemic issue that we need to reduce exposure to. But please... tell me NOW why your taxes shouldn't interact with housing. Where were you in 2021?

@danielfoch @ryanchernesky That sounds like an argument to reduce entanglement of my tax dollars. Not increase it. Let the builders buy their own units and bear the carrying cost themselves.

@ryanchernesky your tax dollars are already in this mess through GST/HST, development charges, and CMHC insurance. They have been in this mess for 20 years

People who are upset about the “condo bailout” seem to forget something very important: Let’s say we “let the market clear” as you wish… The truly powerful builders who you’re complaining about will take possession of their own units as rentals before they’ll take a meaningful loss. They can afford to do so, even when they have to pay GST/HST self supply while the rest of the market is exempt. The builders with bad models will just expedite their inevitable failure by racing to the bottom to take losses in favour of liquidity to sell to the government.

@TossitRambles @JohnJSSoriano @Hritiktweets09 @NanaSiddharth @avatans @WSJopinion Didn't realize disagreement was grounds to be sent packing from America, lol

@prash42u @JohnJSSoriano @Hritiktweets09 @NanaSiddharth @avatans @WSJopinion you are more than welcome to not live in America then

Hindus see proselytization very differently than the followers of proselytizing faiths do. I explain this in my @WSJopinion op-ed. wsj.com/opinion/religi…

@TossitRambles @NanaSiddharth @JohnJSSoriano @Hritiktweets09 @avatans @WSJopinion Oh please keep talking, I'm not advocating for a ban. I quite enjoy learning about Abrahamic religions. Eastern philosophies tend to be intellectually curious and open minded.

@prash42u @NanaSiddharth @JohnJSSoriano @Hritiktweets09 @avatans @WSJopinion how fragile are y'all that other people talking to you about their religion needs to be banned

@JohnJSSoriano @NanaSiddharth @Hritiktweets09 @avatans @WSJopinion Proselytizing religions aren't that different from businesses that sell you things you don't need. But it's constitutionally protected, so bravo! Makes a lot of sense that social media is an American invention. You will be marketed to, and there is nothing you can do about it.

@NanaSiddharth @prash42u @Hritiktweets09 @avatans @WSJopinion I know it would be hard for you to admit you arrogantly opined on something you didn't know about, but it's something that would represent personal growth en.wikipedia.org/wiki/Brandenbu…

@NanaSiddharth @JohnJSSoriano @Hritiktweets09 @avatans @WSJopinion Proselytizing is the marketing needed for an average product. With Hinduism and eastern philosophies, the product is so evolved that it doesn't need marketing.

@prash42u @JohnJSSoriano @Hritiktweets09 @avatans @WSJopinion It's 100% not protected lmao. Don't let this loser fool you. For many decades after the first amendment was ratified, many of their states had a state religion banning everything else. It never applied to anything outside the federal govt.

@JohnJSSoriano @Hritiktweets09 @NanaSiddharth @avatans @WSJopinion Proselytizing may be protected speech. But it's a similar mindset to colonizing. The urge to tell other people how to live their lives is a sad urge indeed.

@Hritiktweets09 @NanaSiddharth @avatans @WSJopinion Anyone with any passing familiarity with the First Amendment (i.e. made it through primary school in the US and paid attention) would know it's preposterous to say proselytizing isn't protected speech.

@FGLev @CanadaTaxGuy Yes I understand Canadian tax law, and I comply. Just pointing out how patently ridiculous it is.

@prash42u @CanadaTaxGuy If you were a Canadian resident when that investment was made, it is subject to Canadian taxes (on worldwide income). If you leave Canada first THEN make that investment, only the country you live in next can tax it.

I’m a CPA and tax expert. Canada has a lot of silly taxes and dumb tax rules. But exit taxes actually make sense. And it’s not some sort of ‘theft’. In fact, many countries (including the US) have them. 🧵

@CanadaTaxGuy And suppose you invested the $1 outside Canada? And its growth had nothing to do with Canada?

Why does the exit tax exist? Let’s say you buy an investment in Canada for $1 and it grows to $10m. Now you want to sell it. You would pay ~$2.6m in tax if you sold it. You think ‘why don’t I just leave Canada to a no tax country and sell it there instead?’

@DrDavidMiano @BharataPutran Well done @DrDavidMiano! You have figured out that on social media, it pays to be controversial, to maximize engagement!

@BharataPutran Then you and I agree. Remember that I was replying to the comment, "We ARE the people of the Indus Valley, David." That is more than a simple statement of cultural continuity.

What a stupid argument. Yes obviously Harappans would find more similarity with ancient people anywhere than modern Indians. But they would find more similarity with modern Hindus than modern anyone else. Or any Abrahamic faith followers

@h0mic1de @MelissaLMRogers I'd rather have the US' creative destruction and animal spirits paving the way for structural growth, than Canada's pretend stability and structural malaise.

@prash42u @MelissaLMRogers You mean like the economic collapse in 2007? I don’t recall Canada collapsing, US on the other hand did.

Let’s see, many Canadians hate President Trump because he does what’s best for America, yet simultaneously support CARNEY who has taken Canada into a recession 👀 Imagine if Canada had a PM who put Canada first

@h0mic1de @MelissaLMRogers But unlike the American economy which can weather bad leadership, Canada is hostage to it.

@MelissaLMRogers Truth is. Both are terrible leaders.

@CanadaTaxGuy Unfollowed

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!

@virsanghvi @VishnuNDTV @airindia I fly Air India when I'm by myself, and can adapt to circumstances. When traveling with family, I've learnt not to roll the dice. They travel only couple of times a year, and Air India is not worth the risk. With parents, we completely avoid Air India.

There is so much recent negativity about @airindia that I want to put this out. I have taken 3 flights on @airindia in the last three days. On Wednesday:Rome to Del On Thursday: Del to Bom On Friday: Bom to Del In every single case the flight was on time. The inflight service was warm & efficient. Luggage came relatively quickly (quickest in Del) The check in was entirely painless I don’t think frequent travellers care as much as others about airline food but if you think that’s important then I had a very good dinner on Rome to Del. On the international sector I flew one of the older Dreamliners & I am not one of those aeroplane nerds but I thought it was very comfortable. It’s second nature for many of us to bitch about @airindia but it’s one of only two international airlines I fly regularly. The other is @emirates which admittedly is far better ( & far more expensive) but it is the best airline in the world so it’s better than every other carrier anyway. The Tatas need to hold their nerve. There is a lot that is good about @airindia that rarely gets acknowledged @TataCompanies

@OriginalGoan @hanak0103 Watch this with an open, intellectually curious mind... youtu.be/WR43EHaYb2k?si…

Another foreigner who doesn't know what he/she is talking about. If you eat mostly samosas and oily food, you will of course be doing damage to your health. Backing up, do you think your restaurant experience of a few days entitles you to draw broad conclusions about Indian food and dietary habits? A traditional Indian vegetarian diet provides more than enough protein and is extremely healthy to boot. Here -

インドから帰ってきて2kg太った。 当然といえば当然。 タンパク質少、油過多の食生活。 インドの年配の人、ふくよかな人ばっかりだったもんなぁ。

@realroseceline @vladtenev @BaijuBhatt @RobinhoodApp Good alternatives like IBKR and AZA already do this, and they attract investors with the compounding and wealth building mindset. If HOOD de-gamifies, the majority of its users will move to a different platform, rather than discover the joys of compounding.

Dear @vladtenev @BaijuBhatt @RobinhoodApp, I want to start by acknowledging what you built matters hugely because you opened the markets to millions of people who previously didn’t have access. That is a big deal and you deserve your flowers! But somewhere along the way, the incentives drifted. Right now, your product is optimized for engagement. But the future should be optimized for outcomes. Today, the business relies heavily on payment for order flow, options, margin, and crypto. In simple terms, the platform does better when users trade more. The problem is that more activity leads to worse outcomes for the investor who is your cherished customer. That is not an opinion, it is one of the most consistent truths in markets. Most people do not lose money because they picked the wrong stock. They lose because they trade too much, react too fast, and either lack the discipline or do not understand how compounding works over time. So the question becomes simple. Do you want to be a trading app, or do you want to be a wealth platform? Because those are two very different paths. If the goal is to build something enduring, something that actually helps people build wealth over decades, the model needs to evolve and the incentives need to align. You can start with access and let your customers invest globally. Today, your users cannot even buy a Canadian stock or a company like $RMS in France. The best businesses in the world are not all listed in the US. Then completely rethink your monetization. A model that wins when users trade more will always have tension as a dark cloud. A model that wins when users build wealth removes that tension, like a real life Robinhood. Focus on subscription, advisory, and performance aligned structures. The product itself needs to change too. Right now it feels like a game. It should feel like a long term dashboard of your life savings and financial journey. Celebrate holding, not trading. Show your users how their behavior impacts outcomes over 1, 3, 5, 10, 20 years. Make overtrading visible, not invisible. But this cannot just be advice, it has to be built into the system. Turn behavior into something measurable. Give every user a discipline score based on their behavior, things like holding periods, turnover, and consistency. Most people think they are long term investors until they see their own data. Make the cost of behavior obvious. Before every trade, show a simple projection of how that behavior impacts long term returns. Introduce friction where it matters. If someone is overtrading, and you know because you have all the data, slow them down. Even small pauses or nudges can change behavior. Create a set and leave mode, let users lock part of their portfolio for months or years and reward them for it. See the recent Kevin Durant story where he got locked out of his crypto app and made a fortune by loosing his password. Show alternate realities by running a shadow portfolio that shows what would have happened if they simply held. Seeing your own missed compounding is more powerful than advice. And then take it one step further, here’s my big crazy idea. What if Robinhood paid users to not trade? Lower fees the longer you hold. Better economics for patience flips the incentive structure entirely. Change what gets attention inside the product. Do not celebrate activity. Celebrate patience, consistency, and long term outcomes. Give people real portfolio intelligence. Not trending stocks, but actual understanding. Concentration, risk, exposure, etc. Most users do not know what they own, and that is a massive opportunity for you to build that trust. And invest in real education. Not surface level content, but tools that actually change behavior. Show people what compounding looks like over decades. Show them what fees and bad habits cost them. 1/2 👇

@PhilSmith26 Interesting, wouldn't have guessed this. Though the graphs only show growth... what are the absolute numbers? Curious to see the aggregate $ spend in each, to judge if this is more than low income families cutting back, while the affluent keep spending.

Limited-service restaurants (McDonald's et al) had their day in the sun a short while ago and now full-service dining spots are having their turn. #cdnecon

@strikerglows @scottastevenson But I maintain, a primary home is lifestyle consumption, not an investment. Won't monetize a dime of gain in my lifetime. It's going to the kids when we downsize, in hopes they will raise a family in the city. Everybody's situation is different. Good luck 👍🏼/2

@strikerglows @scottastevenson I share your misgivings about the Canadian economy. Waiting for 3-3.5% mortgage rates to do a sizable takeout, and add to my compounding global stock portfolio while claiming a tax deduction for mortgage interest. /1

Contrary to popular belief, Toronto condos haven’t been that great investment over the past 20 years, even before the downturn. If you held a 1 bedroom condo from 2002 to 2022, you would have made about 6% per year. Factor in carrying costs and it’s 4% per year. Rent it out and you’re back to 6% per year. S&P500 has historically returned 10%/year and is a lot more liquid and a lot less of a hassle.

@strikerglows @scottastevenson We own our detached in the city mortgage free. A primary home is consumption not investment, I don't pay heed to its current value is. I was talking about investment condos, which are hyper-levered, illiquid, undiversified, and get no capital gains tax exemption. But you do you.

@prash42u @scottastevenson This sounds even worse. Any realization of gains will absolutely destroy your profitability vs having a portion tax sheltered in your home.