Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - 'Canadian dream' is a myth more than a reality"

calgarywinning · 02-26-2014, 01:00 AM

Again, to blame people that are doing well for making good choices is not the way to go. TO blame the government for "easing" in cash supply, low interest rates to punish savers and encourage borrowing which was the principle of article is what is at fault. Borrowing for washers and dryers and new trucks, to make lease rates low.

If Johnny 199r wants to eat cat food and save his money, his 280k saved should be generating 7-10% per annum in compounded growth giving him close to 750k by the time he is 40 (with continued saving effort). Instead the government legislates this away from him, relegating him to middle income stagnation. If he doesn't force his money back into the economy and risk it for a higher return than 2-3% he risks the loss of benefit from his saving.

They legislate rising living costs with capital availability and low interest rates. They legislate not living frugally because it doesn't pay!!! Blow your brains out, have a great time and then strip your fellow man for making a different choice.

People always look to others that have more and point the finger and never to the "man" or the "machine" or the great "oz" behind the curtains.

02-26-2014, 01:00 AM	#157
calgarywinning First Line Centre Join Date: Feb 2013 Location: Field near Field, AB Exp:	Again, to blame people that are doing well for making good choices is not the way to go. TO blame the government for "easing" in cash supply, low interest rates to punish savers and encourage borrowing which was the principle of article is what is at fault. Borrowing for washers and dryers and new trucks, to make lease rates low. If Johnny 199r wants to eat cat food and save his money, his 280k saved should be generating 7-10% per annum in compounded growth giving him close to 750k by the time he is 40 (with continued saving effort). Instead the government legislates this away from him, relegating him to middle income stagnation. If he doesn't force his money back into the economy and risk it for a higher return than 2-3% he risks the loss of benefit from his saving. They legislate rising living costs with capital availability and low interest rates. They legislate not living frugally because it doesn't pay!!! Blow your brains out, have a great time and then strip your fellow man for making a different choice. People always look to others that have more and point the finger and never to the "man" or the "machine" or the great "oz" behind the curtains. Last edited by calgarywinning; 02-26-2014 at 01:03 AM.