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Mike's Daily Comment

Brace Yourself For a Tax Grab Budget

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on Wednesday, 15 March 2017 07:45

Despite the promises of politicians to create jobs, boost the economy, solve the pension crisis plus a myriad of other ills simply by raising taxes, history, most recently in Europe, loudly declares this approach will fail.

....also from Michael: Symbolism vs Practical Reality, Specific Policies & Measured Results

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Mike's Daily Comment

No Questions Allowed

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on Tuesday, 14 March 2017 07:26

Consensus and innovation are two buzzwords we hear a lot these days. We hear that 97% of scientists believe there's global warming, which in effect means no questions allowed. Not allowing debate is the antithesis of innovation, and change. Change being something bureaucrats in Governments who tout innovation resist strenuously.

...related from Michael: The Rube Goldberg Model of Government Spending

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Mike's Daily Comment

The Rube Goldberg Model of Government Spending

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on Monday, 13 March 2017 07:47

The  shear size of complicated government spending is revealed in the 147 innovation programs currently running. What each one does, and how effectively it's doing the job is known by no mortal

...also from Michael: A Phenomenal Threat to Our Society

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Mike's Daily Comment

Sooner Or Later You Will Run Out of Other Peoples Money

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on Friday, 10 March 2017 08:01

There was a moment in Canada when Debt became a terrifying monster. When accumulating it rapidly became a source of pride. When any talk of paying it down evaporated.

....related from Michael: Buckle Up - Here Comes The Federal Budget

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Mike's Daily Comment

Coming Soon: A Blizzard of Pronouncements

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on Thursday, 09 March 2017 09:30

The federal budget speech will undoubtably focus on the middle class, as well as infrastructure, two of the topics government officials talk about endlessly. What will be interesting is that which you won't hear about.

...related Michael's Mid-Week Update: Buckle Up - Here Comes The Federal Budget

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Mike's Daily Comment

Gov't About To Trip Over It's Innovation Shoelaces

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on Wednesday, 08 March 2017 08:41

Governments love to claim they are deeply involved in triggering innovation, meanwhile they are thinking of raising taxes on capital gains. A great disincentive for inspiring innovation. Perhaps the innovation czar figures they'll will take the money collected in the new tax and open more government innovation offices countrywide.

....also Live From The Trading Desk: The Sharp Increase in Expectations

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Mike's Daily Comment

When the Consequences Hit

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on Tuesday, 07 March 2017 09:28

Bad economic policy by governments is seldom noticed by anyone until the negative effects mature and its too late to do anything about it.

....also from Michael: Hope This Doesn't Happen

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