"you should be shopping local Stephen!"

Oh, you think there's a local factory in Toronto stamping out transistors. Cute.
"Shop local, I buy Canadian grown food at Loblaws!"

Sorry, did you just say you bought food picked by exploited foreign workers in Canada, from a billionaire owned chain?
Folks lecturing me to shop local.

I do 95% of my vegan, ethically sourced grocery from 2 places where I know the owners by name.

I eat at restos in my hood over 12x/week.

I buy computer stuff from big companies.

Now, let's hear about the mug you bought locally in the summer.
Toronto and Vancouver has been killing local businesses for year, because of its addition to inflating land value.

I've been documenting commercial closures for years. It's not cost effective for businesses that don't deal in high volume luxury. You're just noticing now.
addiction*

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More from @StephenPunwasi

3 Dec
Capitalism was designed for one tax – a property tax.

The average person thinks taxing high incomes makes more sense, and rich folks are happy you think that... because it doesn't.

Quick thread on why income taxes should be low, and property taxes should be high.

<thread> 🧵👇
2/ Adam Smith argued land is a natural monopoly. As people earn more money, the rents of the land scale.

No additional productivity was created on the land, but additional productivity created by the user was leached by the land's lord.
3/ If wages grow faster than the annual rate of property taxes, extra income is captured for non-productive purposes.

This creates incentive to hoard, and it also creates incentive to do literally nothing with the land. This is called land banking. Buy, hold, and pay low fees.
Read 11 tweets
3 Dec
The UK is getting 800,000 vaccines next week? 🤯
Holy shit. I didn’t realize why so many people are fine with a vaccine coming whenever it comes.

You selfish dummies think it’s about you getting a vaccine, and don’t realize it’s about healthcare workers getting vaccinated first.
I'm also realizing you think me stating the UK delivering 800k vaccines is a criticism of Canada, when I didn't mention Canada at all – your insecurities just kicked in and you took offense for some reason.

This is the only normal person that responded.

Read 4 tweets
9 Nov
Alright, let's do an important investment and career lesson. Opportunity cost.

This is factoring the cost of not doing something in your total loss.

Trust me, you're going to look at money differently after this.

It's also why I don't like real estate as an investment.

🧵👇
2/ Basically, you're not just including any money spent – you're also including money not made.

Let's say you're a student, and you get free tickets to a concert. These tickets are normally $50, so it's like you just got free money.

Unfortunately, you work that day...
3/ So you give your shift to a co-worker, and skip out on a 4 hour shift you normally work.

Most people would think, "I just went to a concert for free, yo. I only spent $50 on drinks!"

True. You only spent $50. Unfortunately, you didn't make $80 at work that day.
Read 13 tweets
8 Nov
Okay, quick explanation of why the arts are just as important as STEM.

No, it’s not because rich people things lead to networking opportunities.

It’s because of how the brain develops.

You’ll understand public ed better than most politicians in a few seconds.

<thread> 🧵👇
2/ Think of the brain as a mess of wires that send information.

These wires are called synapses, and are how electrical impulses communicate information. The more wires, the more information can be processed.

Kinda like internet bandwidth.
3/ Young children have a whack of these wires. They need it. They’re learning a lot of new things, like walking and speaking.

As you repeat tasks, your brain becomes more efficient at doing them. As your brain becomes more efficient, you need less bandwidth to process info.
Read 12 tweets
5 Nov
Pst... my threads aren’t random.

A few people have told me they appreciate the randomness of my threads.

Some threads seem like they’re social justice-y.

Some threads seem like they’re about making money.

They’re actually all about labor, wealth, and inequality.
2/ Take my thread on Home Children. Canada used over 100,000 children as indentured slaves.

We’re told they were shipped to 🇨🇦 for a better life.

BS.

They were shipped because 🇨🇦 needed *cheap* labor.

Criminals were literally sent to do the same thing as punishment.
3/ It’s actually a thread on how the early European Canadians got a head start on the backs of others.

A similar lesson is found in my thread on HBC. They weren’t here to find homies, they were a company looking to pillage and plunder.
Read 8 tweets
4 Nov
Quick rant on knowledge shaming. 👨‍🏫

When I explain something, I explain it assuming the other person has ZERO knowledge.

It doesn’t matter if the person is a 14 year old, or a fund manager that summoned me to challenge an area he’s an expert in.

I just do. 1/5
2/ It’s easier for everyone to have important details repeated, than for them to figure out what they’re missing.

Not everyone has the same background.

This can be for any reason, from cultural upringing, to socioeconomic status, to a lack of prior interest.
3/ It doesn’t matter why they didn’t know the bit of info. It’s just important they know it now.

When you respond to a fact someone finds interesting with, “how could you not know that?”

... you *think* it makes you look smart. Really it just makes you a dick.
Read 6 tweets

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