Alberta Politics & Government Thread 3.0

[MelBridgeman]

Originally Posted by iggy_oi

Do you realize that lot of people don’t have a TFSA, RRSP, RIFS, Pension beyond CPP, an inheritance, etc?

How does it trickle down to them?

Again over decades most will and if they don't well that is their personal choice and who am i to judge !

On a side note
Still waiting for the "wages aren't keeping up with inflation" crowd to realize that the rest of us already figured that out and have made different choices to negate the effects of inflation.

[MelBridgeman]

Originally Posted by Fuzz

It's taxing unused capital, which by its nature is inefficient. To maximize utility, taxing it so it can be spent is economically advantageous. Isn't that the goal?

First off define "unused capital", cause technically I am not sure that exists, but fill me in.

[iggy_oi]

Originally Posted by MelBridgeman

Again over decades most will and if they don't well that is their personal choice and who am i to judge !

On a side note
Still waiting for the "wages aren't keeping up with inflation" crowd to realize that the rest of us already figured that out and have made different choices to negate the effects of inflation.

The rest of us? You’ve seen everyone’s financial records?

[MelBridgeman]

Originally Posted by iggy_oi

The rest of us? You’ve seen everyone’s financial records?

Yes the people who paid attention in Career and Life Management in High School and remebered that lesson

[calgarygeologist]

Originally Posted by Fuzz

It's taxing unused capital, which by its nature is inefficient. To maximize utility, taxing it so it can be spent is economically advantageous. Isn't that the goal?

Might as well tax personal savings as well. All those damn savers should be out supporting our economy by spending cash on goods and services.

[iggy_oi]

Originally Posted by MelBridgeman

Yes the people who paid attention in Career and Life Management in High School and remebered that lesson

So barely anyone then?

[MelBridgeman]

The thing is if the money is in a bank it doesn't just sit there and collect dust lol

[MelBridgeman]

Originally Posted by iggy_oi

So barely anyone then?

I would image for a large marjority of people if not anyone, finances whether they have them or not comes across the mind at least once a day, yes even the crackhead is wondering where he might get the money for his next hit.

So having said that if you missed out on CALM, you can ask people about it, read a book, listen to podcast there are no shortage of ways to at least get your mind thinking about it.

if you put in a 1000 dollars a year into the stock market in 1980 you would have close to a million in 2024, even if it was 10 bucks a year you would have 7K, that is better than nothing.



It should be a part of peoples budgets to throw money into some sort of financial product.

[iggy_oi]

Originally Posted by MelBridgeman

I would image for a large marjority of people if not anyone, finances whether they have them or not comes across the mind at least once a day, yes even the crackhead is wondering where he might get the money for his next hit.

So having said that if you missed out on CALM, you can ask people about it, read a book, listen to podcast there are no shortage of ways to at least get your mind thinking about it.

if you put in a 1000 dollars a year into the stock market in 1980 you would have close to a million in 2024, even if it was 10 bucks a year you would have 7K, that is better than nothing.

Oh you read the wealthy barber too?

[MelBridgeman]

Originally Posted by iggy_oi

Oh you read the wealthy barber too?

Nope i actually did not, mine was one part CALM and one part Dad but there other ways to get info, that would be one of them.

[iggy_oi]

Originally Posted by MelBridgeman

Nope i actually did not, mine was one part CALM and one part Dad but there other ways to get info, that would be one of them.

So high school and your dad are a big part of the reason you are the way you are today?

[MelBridgeman]

Originally Posted by iggy_oi

So high school and your dad are a big part of the reason you are the way you are today?

They are part yes, but i also made some good choices, especially in the career department and i also made some bad choices lol who doesn't

But i already know where you are going with this lol.....

[iggy_oi]

Originally Posted by MelBridgeman

They are part yes, but i also made some good choices, especially in the career department and i also made some bad choices lol who doesn't

Any luck along the way?

But i already know where you are going with this lol.....

I highly doubt that.

[MelBridgeman]

Originally Posted by iggy_oi

Any luck along the way?

"luck" is inherently subjective and context-dependent because it involves elements of chance, perception, and outcome interpretation.

Never given always earned.

[iggy_oi]

Originally Posted by MelBridgeman

"luck" is inherently subjective and context-dependent because it involves elements of chance, perception, and outcome interpretation.

That’s very insightful.

Never given always earned.

If two people invest the same amount in two competing startups at the same time at equal share values and one does well while the other one fails miserably, who did more “work”?

[MelBridgeman]

Originally Posted by iggy_oi

That’s very insightful.



If two people invest the same amount in two competing startups at the same time at equal share values and one does well while the other one fails miserably, who did more “work”?

A prudent investor would indeed put more effort into due diligence in order to minimize risk and increase the likelihood of a successful investment. While luck certainly plays a role in the outcome of investments, particularly in startups, the best investors work hard to stack the odds in their favor through thorough analysis and strategic decision-making.

[Fuzz]

Originally Posted by calgarygeologist

Might as well tax personal savings as well. All those damn savers should be out supporting our economy by spending cash on goods and services.

We are talking about corporations and their efficient use of capital.

[GGG]

Originally Posted by BoLevi

The Kansas experiment was interesting....certainly lots to be learned. Was it a failure of intent or a failure of execution is a useful discussion. Personally, I think they were incompetent.

The AJR nobel was well deserved, even though I'm not a huge Simon Johnson fan mostly because of his association with the IMF. But the work is interesting. The problem with the interpretation (and in some cases their interpretation), is you can expand the the list of inclusive institutions ad infinitum and think that you are being reasonable all along the way. That comes back to my original point: each layering of gov't intervention is less useful than the last. Eventually we get government spending and intervention that has a negative return.

How can lowering taxes to zero have a failure in intent or execution, I don’t follow your logic there.

[Harry Lime]

Originally Posted by MelBridgeman

First off there is nothing wrong with that, shareholders are your TFSA, RRSP, RIFS, pension plans, your inheritance ect...Corporate success trickles down big time.

Secondly there are other reasons, it isn't the only one lol

Trickle down economics? Really?

And what on earth are you quoting? You just can't put random words in a quote bubble and have it mean anything. My point was that governance and the private sector are run in two very different ways, and if one is run as the other, it fails.

[Fuzz]

Originally Posted by MelBridgeman

They are part yes, but i also made some good choices, especially in the career department and i also made some bad choices lol who doesn't

But i already know where you are going with this lol.....

Probably handy you chose not to get cancer, then. Or be born with disabilities. Or have tragedy reduce your ability to "make smart choices" so you don't have to worry about people mocking you for making minimum wage.