Author Topic: Government Day-to-Day  (Read 53382 times)

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Offline Squidward von Squidderson

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Re: Government Day-to-Day
« Reply #1590 on: March 31, 2021, 09:19:41 pm »
It sounds like the USofA is going to be raising taxes on corporations in the next few years.

Hopefully Canada will follow suit.  We are under-taxed currently.
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Offline eyeball

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Re: Government Day-to-Day
« Reply #1591 on: March 31, 2021, 09:29:56 pm »
We don't have control over that.
Well someone does, we just have to get control over them.  That sounds even easier given there's likely only a mere handful of 'them' compared to the rest of us.

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If our rates stay lower than other countries our dollar tanks, inflation increases and rates have to go up again.
What about when everyone is in the same boat or flotilla thereof?  It all just seems to relative to believe there's much substantial reality to the beliefs keeping the whole from capsizing, especially given the importance and faith assigned to the stability of the US government.

Offline wilber

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Re: Government Day-to-Day
« Reply #1592 on: March 31, 2021, 09:44:01 pm »
Well someone does, we just have to get control over them.  That sounds even easier given there's likely only a mere handful of 'them' compared to the rest of us.
What about when everyone is in the same boat or flotilla thereof?  It all just seems to relative to believe there's much substantial reality to the beliefs keeping the whole from capsizing, especially given the importance and faith assigned to the stability of the US government.

Like it or not, our currency is in competition with every other currency.
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Offline wilber

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Re: Government Day-to-Day
« Reply #1593 on: March 31, 2021, 09:44:49 pm »
It sounds like the USofA is going to be raising taxes on corporations in the next few years.

Hopefully Canada will follow suit.  We are under-taxed currently.

No worries, get ready for lots more taxes. Tomorrow in fact.
"Never trust a man without a single redeeming vice" WSC
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Offline wilber

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Re: Government Day-to-Day
« Reply #1594 on: April 03, 2021, 12:52:32 pm »
The government expects to help the economy recover by taking more money out of it. Meanwhile inflation will force interest rates up which will put pressure on governments to service all their new debt. We have dug ourselves quite a hole.
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Offline eyeball

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Re: Government Day-to-Day
« Reply #1595 on: April 03, 2021, 01:08:46 pm »
The government expects to help the economy recover by taking more money out of it. Meanwhile inflation will force interest rates up which will put pressure on governments to service all their new debt. We have dug ourselves quite a hole.
So what, who cares exactly? Only 16% of us, 25% or 50%+1?  Where has it been resolved that the economy takes precedent over human lives? Where is the record of Parliamentary debate and the majority vote that lead to passage of a COVID Response Act that spells out that the economy comes first?

Do we dig one big collective hole for the economy or a bunch of individual ones for people?  Is there a large growing body of evidence somewhere that proves saving people in the short term will kill more people in the long term?  The history of the Spanish Flu shows that jurisdictions that put the economy first resulted in poorer economic outcomes than it did in places that put lives first. Needless to say economy first policies also killed more people.
« Last Edit: April 03, 2021, 01:17:20 pm by eyeball »
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Offline waldo

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Re: Government Day-to-Day
« Reply #1596 on: April 03, 2021, 01:15:32 pm »
The government expects to help the economy recover by taking more money out of it.

the waldo expects member wilber to provide supporting details/reference... request for clarification - yes?

Offline wilber

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Re: Government Day-to-Day
« Reply #1597 on: April 03, 2021, 01:17:48 pm »
So what, who cares exactly? Only 16% of us, 25% or 50%+1?  Where has it been resolved that the economy takes precedent over human lives? Where is the record of Parliamentary debate and the majority vote that lead to passage of a COVID Response Act that spells out the reality that the economy comes first?

Do we dig one big collective hole for the economy or a bunch of individual ones for people?

We are doing both. The economy is the people. What do you think will happen to the people when government has to slash and burn because investors don't want to buy our debt and get nothing in return?
"Never trust a man without a single redeeming vice" WSC

Offline waldo

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Re: Government Day-to-Day
« Reply #1598 on: April 03, 2021, 01:23:34 pm »
Where is the record of Parliamentary debate and the majority vote that lead to passage of a COVID Response Act that spells out the reality that the economy comes first?

supported minority government rulzzz!

in any case, the Trudeau Liberal government's 'COVID-19 Economic Response Plan', of course, also directly supports individuals... and organizations that help individuals. EI changes, CRB, CRSB, CRCB, mortgage deferral, etc..

Offline wilber

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Re: Government Day-to-Day
« Reply #1599 on: April 03, 2021, 01:28:30 pm »
the waldo expects member wilber to provide supporting details/reference... request for clarification - yes?

It's an opinion piece but ignore it at your peril.

https://www.cbc.ca/news/business/inflation-housing-treasury-bond-1.5969467

Bottom line, if US bond rates go up, ours will have to go up and our debt gets more expensive to service. It ours don't go up our dollar will tank because no one will want our currency (debt). If our dollar tanks, we get poorer which equals inflation which also means higher interest rates. 

It's not rocket surgery.
"Never trust a man without a single redeeming vice" WSC

Offline eyeball

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Re: Government Day-to-Day
« Reply #1600 on: April 03, 2021, 02:20:43 pm »
We are doing both. The economy is the people. What do you think will happen to the people when government has to slash and burn because investors don't want to buy our debt and get nothing in return?
We're doing both badly because the language and terms we use to describe what's happening is so ambiguous and imprecise.  The economy is not the people. Unless you are being deliberately allegorical they are two completely different things.This is as bad and misleading and deluded as saying 'we can't just down the economy forever'. Forever means infinity.  No one is saying we must just down the economy for infinity so why pretend that's what they mean?

The issue of mixed messaging will probably emerge as having been the worse contributing factor to COVID's success.

 

Offline eyeball

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Re: Government Day-to-Day
« Reply #1601 on: April 03, 2021, 02:25:42 pm »
It's an opinion piece but ignore it at your peril.

https://www.cbc.ca/news/business/inflation-housing-treasury-bond-1.5969467

Bottom line, if US bond rates go up, ours will have to go up and our debt gets more expensive to service. It ours don't go up our dollar will tank because no one will want our currency (debt). If our dollar tanks, we get poorer which equals inflation which also means higher interest rates. 

It's not rocket surgery.
What happens when US debt becomes to expensive to service?

Offline wilber

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Re: Government Day-to-Day
« Reply #1602 on: April 03, 2021, 02:37:28 pm »
What happens when US debt becomes to expensive to service?

Maybe we should just worry about what we do. We aren't the world's reserve currency like the USD.
"Never trust a man without a single redeeming vice" WSC

Offline wilber

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Re: Government Day-to-Day
« Reply #1603 on: April 03, 2021, 02:50:52 pm »
We're doing both badly because the language and terms we use to describe what's happening is so ambiguous and imprecise.  The economy is not the people. Unless you are being deliberately allegorical they are two completely different things.This is as bad and misleading and deluded as saying 'we can't just down the economy forever'. Forever means infinity.  No one is saying we must just down the economy for infinity so why pretend that's what they mean?

The issue of mixed messaging will probably emerge as having been the worse contributing factor to COVID's success.

The economy is the people. You can't help people if you don't have a strong economy to pay for it.

Investors are starting to say I'm not going to give you my money for ten years if I am only going to get 1% for it. That's why the Dow and S&P are up 50% in the last year and the TSX is up 40%. Why would people lock their money in a ten year bond at 1% when they can buy a quality stock, get a 3 or 4% dividend and probably make a good capital gain over ten years?

You can't print your way to prosperity. You can't keep increasing the money supply if there is no increase in GDP to justify it. How do you think countries like Brazil, Argentina and Venezuela ended up with hyper inflation and worthless currencies.
"Never trust a man without a single redeeming vice" WSC

Offline eyeball

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Re: Government Day-to-Day
« Reply #1604 on: April 03, 2021, 04:10:54 pm »
The economy is the people. You can't help people if you don't have a strong economy to pay for it.

Investors are starting to say I'm not going to give you my money for ten years if I am only going to get 1% for it. That's why the Dow and S&P are up 50% in the last year and the TSX is up 40%. Why would people lock their money in a ten year bond at 1% when they can buy a quality stock, get a 3 or 4% dividend and probably make a good capital gain over ten years?

You can't print your way to prosperity. You can't keep increasing the money supply if there is no increase in GDP to justify it. How do you think countries like Brazil, Argentina and Venezuela ended up with hyper inflation and worthless currencies.
I would have thought preventing disease and the loss of life would be justification enough. I suspect the endemic corruption that existed long before COVID in Brazil, Argentina and Venezuela is what put them in the poor house. But hey, what do I know, perhaps the only real way to create prosperity is with a little corruption.  Too much is probably bad for you but given how many corporations seem to have forsaken most western countries perhaps we're not corrupt enough.   

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You can't print your way to prosperity.
I'm taking about printing our way to the end of the pandemic.  Why did you change the topic from getting thru a pandemic to creating prosperity?  There's no justification for clouding the issue this way.

« Last Edit: April 03, 2021, 04:45:00 pm by eyeball »