Quote:
Originally Posted by GGG
Are you willing to significantly increase taxation to pay for your old age? Are you willing to have a much flatter stock market as the population growth won’t underpin a portion of the growth?
If you can live with the consequences of a demographic square instead of a pyramid then growth could be eliminated.
It radically changes many things so likely takes a 100 years to implement.
I’d like to understand the real consequences of moving to end growth. For Canada it would be relatively simple as growth is just controlled by immigration rate as people have less than replacement levels of children.
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Why can't that stay with a maintain? I don't get the math. I am probably wrong, I just don't get it. If we can just hump to maintain or just below and limit immigration to make up the gap. Just seems we are just shovelling humans into this city to benefit RNDSQR and Brookfield development companies and city councillors that all move to these companies after they got their pensions.
I just can't wrap my head around growth with no discernible benefit to most.
I've worked for so many oil companies and the pursuit to grow has cratered every single one of them. Worst investment ever, all of them. Apache, Pengrowth, Penn West, my current one and a few others. We are just pissing our money away on dumb crap to grow because people at the top want to get rich and let others hold the bag when they Bugs Bunny running away. All of them the same thing. Growth. Every company other than CNRL, Tourmaline, Mike Rose, ARC is a crap investment because of the pursuit for growth.
I'm just ranting doing work on a Saturday for a company I'd like to short.