Equity withdrawn from homes was around 2% of GDP in 2019.
Money laundering is estimated to be around 2-4% of GDP in Canada.
Either the Liberals used a housing crisis to pad GDP, or they didn't know, and aren't smart enough to be in office.
When does Adam Vaughan resign?
2./ Transparency International found. over the past decade, ~$35 billion in Greater Toronto property was bought with no idea who the corporate owners are due to a lack of public ownership data.
$25 billion was bought using cash from unregulated lenders without AML regulation.
3. Still, no action? Weird. International gangs made a casino too dangerous for a money laundering investigations? Weird.
I wonder how the federal government would respond to such allegations of corruption. Clearly they would do something!
4. What's that? Oh, the Liberals actually ended up shutting down the RCMP financial unit in Ontario when told about the increasing amount of financial crimes in the country? How strange.
6. The BC government told the Fed about a money laundering scheme used by cartels, where they would enroll "students" who would pay their tuition with bags of cash, withdraw, and presto — clean money.
Quick lesson on the cost of poor vaccination priorities.
Vaccinating the wrong person in Ontario costs up to $5,000 per vaccine.
Sounds absurd, right? Let's run through some quick napkin math on why that might be an underestimate.
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2/ The economy is shut down because of a very specific demographic of people are impacted by widespread outbreaks — essential workers (less healthcare).
Teachers, grocery clerks, food processors, warehouse employees, and restaurant employees.
Shutting down is expensive.
3/ Ontario is spending $186 billion on COVID related programs, like floating small businesses over the next year.
That averages $0.5 billion per day. Then there's federal programs like CRB, EI+, etc.. Then add the lost revenue for businesses, and the cost of financing it...
Taxing the gains on a principal residence as an investment lacks "critical analysis."
As opposed to the idea of taxing the investment gains of anyone that doesn't own a home, including a generation unlikely to ever own.
That's just good business for old folks.
2/ Here. Keep tax exemptions on the profits of homes.
Just let our generation know where we can opt of paying for your CPP.
Boomers: Tax people that work! They don't contribute to society like we do. We had to buy a home for a nickel, and worked twelve jobs in a day. It took just as long to save a downpayment too!
It took your generation 25 years? You bought your starter home at 45?
"The government is trying to microchip you with vaccines."
Bruh. Have you tried to use a government website? There's no way they can build that kind of tech.
Imagine if Canada tried to microchip people with vaccines.
*two weeks later*
Everyone receives an email saying their microchips have been locked, please call in to have it reenabled. Everyone's on hold for 8+ hours to reactivate.
Imagine if the 🇺🇸 tried.
“We wrote the system in COBOL, a language no longer used in computing, and can’t find anyone to finish it.”