CP Business Owner Thread - News, Advice, Support

[keenan87]

Originally Posted by Slava

It's not just profit and loss though. When you run a small business (particularly fledgling businesses), the owners put up all of their life savings, pledge their home as collateral and things like that. So, when that guy down the road has his business fail, it's not about "I didn't make as much money this year", it's "I lost everything". That's devastating.

And yeah, people should follow the guidelines, but try to have a little empathy for people who are literally in desperate times here.

Never said I don't have empathy for people following guidelines. It sucks and I hope for the best for them.

Its the other idiots who are whining but not following guidelines .. I just went for a walk a week or so ago and the tiny local barber shop had 10 people standing and sitting around 3 chairs in the waiting room (only a couple of people wearing masks). I know I sound like a cold person but I would have zero care if a business like that went bankrupt.. because they are adding to the problem and shooting themselves in the foot

[Locke]

I have a very sneaking suspicion that Slava is right about lockdowns on the other side of January.

Thanksgiving was a disaster. The Christmas restrictions might have been too little, too late, plus all of the people who are ignoring them anyways...I dont know.

Next Tax Season is going to be wild. I dont know if I should be expecting the Government to either throw their hands up and admit defeat or come down like hell-bent Tyrants.

[Slava]

Originally Posted by Locke

I have a very sneaking suspicion that Slava is right about lockdowns on the other side of January.

Thanksgiving was a disaster. The Christmas restrictions might have been too little, too late, plus all of the people who are ignoring them anyways...I dont know.

Next Tax Season is going to be wild. I dont know if I should be expecting the Government to either throw their hands up and admit defeat or come down like hell-bent Tyrants.

Maybe we just don't need to pay tax? I mean really, the government seems to be able to finance everything anyway, so maybe we can cut to the chase and just go on with our lives without taxes?

(It's a joke, in case anyone plans on discussing this. Although no tax would be pretty amazing)

[VladtheImpaler]

Originally Posted by Slava

Maybe we just don't need to pay tax? I mean really, the government seems to be able to finance everything anyway, so maybe we can cut to the chase and just go on with our lives without taxes?

(It's a joke, in case anyone plans on discussing this. Although no tax would be pretty amazing)

Truly. There is an apparently endless supply of it, so why must we play this time-consuming shell game, and pretend to give some of it back? Just print it and give it to us - let's not bother with the charade...

[Boblobla]

Originally Posted by VladtheImpaler

Truly. There is an apparently endless supply of it, so why must we play this time-consuming shell game, and pretend to give some of it back? Just print it and give it to us - let's not bother with the charade...

I don't understand why someone didn't think of this sooner to be honest. Need more money? Just print more. I can't see a downside.

[GGG]

Originally Posted by VladtheImpaler

Truly. There is an apparently endless supply of it, so why must we play this time-consuming shell game, and pretend to give some of it back? Just print it and give it to us - let's not bother with the charade...

This is essentially the monetary theory we are operating under. For as long as inflation remains printing money has no consequence.

[Mr.Coffee]

I’m not sure I know what you mean exactly by “for so long as inflation remains”? Are you insinuating there’s some kind of economic model where inflation doesn’t exist or something?

Personally I think inflation is going to be insane in Canada in the not too distant future, and Canadians lives are going to... well...

[GGG]

Originally Posted by Mr.Coffee

I’m not sure I know what you mean exactly by “for so long as inflation remains”? Are you insinuating there’s some kind of economic model where inflation doesn’t exist or something?

Personally I think inflation is going to be insane in Canada in the not too distant future, and Canadians lives are going to... well...

I’m missed the word low at the end there. As long as inflation remains low printing money doesn’t have a negative affect.

It’s speculation that inflation is going to become insane in the future. Based on older economic theories it should already be insane but just chugs along at a nice rate. I think it’s because asset price increases have been eating up the excess money rather than inflating consumer prices and those asset values can come crashing down which would cause massive wealth loss rather than inflation to catch up to asset values.

Something will happen to make available labour line up with money available we don’t know what it is. The other option is increased taxation to remove excess money from the market rather than inflation. The problem is that the US is setting the rules to the game and currently it’s massive money printing, so you might as well go along with it.