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Mike's Daily Comment

Interest Rates Will Be Rising

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on Thursday, 21 September 2017 07:33

 

Yesterday the Federal Reserve announced a change in strategy and the big question - will it trigger a decline in stocks, collectibles, art and real estate markets? It's certainly goodbye to record low interest rates as they announced 4 rate increases to the end of 2018. Mike says pay attention, something big is in the air.

....related from Michael: The Fed Announces a Game Changer

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Mike's Daily Comment

How To Catch The Gravy Train Before You're 21

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on Wednesday, 20 September 2017 07:41

 

If you get a high school education, wait until 21 before marrying or having a baby, and work full time you've only a 2 % chance of living in poverty, and a 70% chance of earning $55,000 plus. To bad our school system doesn't tell our children about these positive consequences. Even worse children aren't told in school the extremely negative consequences of breaking 1, 2, or all 3 of the rules. 

.....also from Michael: Economics Is The Study Of Incentives

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Mike's Daily Comment

Economics Is The Study Of Incentives

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on Tuesday, 19 September 2017 07:38

 

When the BC Government lowered Tolls on 3 Bridges the volume of traffic boomed. This should reminds politicians that if you want fewer jobs all you need to do is raise taxes and increase regulations. President Trump's major tax reductions, if they go through, would be a major positive incentive for economic growth.

....also from Michael: The Pattern is Set - Deficit Spending Is Now Normal Practice

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Mike's Daily Comment

The Feds & Small Business: A Breathtaking Disconnect

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on Monday, 18 September 2017 08:04

 

The massive backlash coming from Family businesses, Doctors, Lawyers Farmers & small businesses is an indication just how little the architects of this legislation understand small businesses. Or understand how much they already pay in taxes. 

....also from Michael: BC and Alberta Have Upped The Cost of Cutting Emissions

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Great Interview with the Legend, Jim Dines

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Mike's Daily Comment

In The Name of Fairness

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on Friday, 15 September 2017 08:24

 

Do you believe the Federal Liberals declaration that the new tax changes on small business are fair? Mike does not, and today he spells out why the last thing these tax changes are is fair. 

...also from Michael: Worldwide Stock Market Rally - The Latests Stat's Can

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Mike's Daily Comment

The Pattern is Set - Deficit Spending Is Now Normal Practice

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on Thursday, 14 September 2017 09:14

 

Why aren't the majority of Canadians bothered by the Trudeau Government's increased spending and borrowing over what they promised during the election. Problem is, the Canadians that will be paying the accumulated debt are the younger generation, those taxpayers who do not yet seem to be fully aware that it will be them on the hook for the Liberal Government policy of deficit spending, and piling up debt even when times are good and the economy is doing well. 

.....also from Michael: BC Using Carbon Tax To Raise Revenue

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Mike's Daily Comment

BC Using Carbon Tax To Raise Revenue

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on Wednesday, 13 September 2017 08:32

BC Joins Alberta in using the carbon tax to raise general revenues, just like any other tax. And in the process dramatically changes the cost/benefit analysis. 

....related: Taxes, Taxes, And Even More Taxes

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