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Mike's Daily Comment

The BS Pedalled About The Federal Debt

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on Friday, 03 August 2018 07:23

Some well known economists say we can afford the federal debt.  That’s true – it will be about 1% of GDP but it's BS to suggest that "we" can afford it when it will be  our children and their children who'll be paying. And it's not just the federal debt - they'll also be paying for our provincial debt and unfunded public sector pension liabilities. 

 

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Mike's Daily Comment

Legalizing Marijuana Without Ride Sharing is a Big Mistake

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on Thursday, 02 August 2018 06:29

Does anyone really believe that the incidence of impaired driving won’t go up with the legalization of marijuana?  The probability that riding sharing could help mitigate the fall-out is high. Which is why groups like Mother Against Drunk Driving strongly endorse ride sharing - but the BC government stands in the way. 

 

dims



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Mike's Daily Comment

Why Do We Put Up With It

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on Wednesday, 01 August 2018 06:50

Politicians don't want to take on the Public Sector Unions or a bureacracy that fights any effort to increase accounability. So we have a system of Government that doesn't set goals, won't measure performance or assign responsibility. A system that history has shown is guaranteed to waste money. 

 

phoenix-could-cost-22-billion-senate



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Mike's Daily Comment

This Is Going To Cost You Big Time

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on Tuesday, 31 July 2018 06:37

 

The BC government has taken a page straight out of Donald Trump's protectionist playbook by decreeing that only unionized workers can work on infrastructure projects thereby raising the cost to taxpayers by hundreds of millions. But that's not all - wait til you hear the over the top perks. 

Screenshot 2018-07-31 06.58.09

 

 

 

 



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Mike's Daily Comment

The Elephant in the Room - Economics Trumps Politics Everytime

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on Monday, 30 July 2018 05:56

Failing to understand that is at the root of a massive number of calamities from the collapse of the Soviet Union - to the desimation of currencies - to the upcoming collapse of Canadian healthcare (unless profound changes are not forthcoming.) 
 
Econ-Cartoon2


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Mike's Daily Comment

It's Always The Vulnerable Who Pay

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on Friday, 27 July 2018 06:34

A forgotten lesson in the annals of bad economic policy is that the poor always pay the highest price. Our latest example comes from Venezualan Nicholas Maduro, who now claims he's going to implent a recovery program to help the poor, which has risen to 75% of the population thanks to the very policies of Hugo Chavez and Nicolas Maduro previously brought in!

 

Screenshot 2018-07-27 06.38.22



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Mike's Daily Comment

Proponents for Higher Corporate Taxes Aren't Going to Like This

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on Thursday, 26 July 2018 06:51

 

Michael has the results of a CD Howe Study that concludes that increases in payroll taxes are passed almost entirely to workers in the form of lower wages. Another study concludes that wages in Provinces drop by more than a dollar when corporate tax revenues increased by a dollar. 

Screenshot 2018-07-26 07.04.46



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