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Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
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29 Aug, 4 tweets, 3 min read
What if socialism is the secret to great hair? 🧐 Image
2. Exhibit B. @David_Moscrop before and after socialism. 🧐 ImageImage
3. exhibit C. @elonmusk before and after billions in government subsidies. Coincidence? πŸ§πŸ€·β€β™‚οΈ ImageImage
4. Exhibit D. Twitter CEO @jack before and after he came out as a part of the left.

I mean, it’s getting tough to argue at least a correlation here. πŸ€” ImageImage

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More from @StephenPunwasi

Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
3 Sep
The Bank of Canada made borrowing cheaper than inflation.

Now just 3 massive funds own over 10% of primary rental housing in West Toronto... but concentrated in a 12-block radius.

Quick thread on πŸ‡¨πŸ‡¦ serving up the poor on a platter.
πŸ§΅πŸ‘‡ #Toronto

@Hulchanski @Martine_August
2. Pensions and institutional investors usually have a massive fixed-income strategy. This is income that comes in regularly.

It's usually bonds. Bonds are essentially owning an issuer's debt, and the yield is the interest they pay to you regularly.
3. Bond yields are determined by how much capital is in the system. If everyone wants to lend you money, you don't have to pay a lot.

Think of Zuckerberg, who pays less than 1% on his mortgage.

The opposite is also true. Think of people with bad credit, that have to pay extra.
Read 11 tweets
Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
1 Sep
Income taxes are a tax on labor.

Property taxes are a tax on the monopoly of public resources.

Why are property taxes so low, while labor taxes are so high?

Your first hint is the class of people who designed the tax system.
2. The one thing (real) capitalists and socialists agree on is land is prone to a natural monopoly.

Monopolies are against the public’s interest, so the theory is it needs to be made inefficient to hold land without a real use.

Thread for folks asking for an explanation.
3. Life is ideally a balance between private wealth and the interest of the public.

The Lauderdale Paradox is one of the first explorations into the concept.

Every gain a private person makes, uses public resources. Improvements to life come at the expense of the public. πŸ€·β€β™‚οΈπŸ§΅πŸ‘‡
Read 4 tweets
Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
26 Aug
πŸ‡¨πŸ‡¦ proving it’s a banana republic.

The first election where people under 40 will outnumber Boomers…

… and πŸ‡¨πŸ‡¦ won’t be setting up campus voting for the first time in decades because of β€œβ€¦ the minority government situation.”

#cdnpoli #ItsOurVote
What Elections Canada is doing is voter suppression.

If this happened in πŸ‡ΊπŸ‡Έ, Canadians would talk about how GOP is corrupt and they’re so glad they live in πŸ‡¨πŸ‡¦.

Now that the elections officer Trudeau appointed removed access to voters he polls poorly with? Silence. πŸ€·β€β™‚οΈ

#Elxn44
I don’t think the Liberals know how shitty this looks, but give it a few days.

Elections Canada is galvanizing distrust in your governance with young people right now.
Read 4 tweets
Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
24 Aug
I see Incel/YIMBY Twitter is coordinating criticism of me.

Here's a brief recap of our relationship.

<thread> 🧡 πŸ‘‡

#ToRe #VanRe
2.

Me (2016): Corrupt politicians from China are washing their money in Vancouver, in one of the biggest grafts in history.

YIMBYS: RACIST! That's a lie!

China (2017): Canada. Turn over our fucking criminals.
3.

Me (2017): We built one of the most elaborate capital tracking systems, more complicated than the gov. Money laundering is rampant in Vancouver. This is how it comes in, right down to the gang.

YIMBYS: Fake news!

BC gov (2018): Stephen's right, down to the gang and origin.
Read 11 tweets
Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
24 Aug
Liberals now promising a ban on foreign ownership of real estate.

I thought Liberal supporters said this was xenophobic when the Conservatives proposed it? πŸ€·β€β™‚οΈ

#elxn44 #VanRe #ToRe
2. Interesting sidenote. Trudeau made the announcement in Hamilton, Ontario.

The IMF told us Hamilton was 40% overvalued, one of the largest overvaluations in the world.

Here's the IMF model they shared, and this exclusively happened under the Liberal government.

#HamOnt
3. For anyone else that's curious, this is what the IMF models look like for Toronto and Vancouver.

Once again, almost all of this gap between fundamentals and price occurs under the Liberal government.

#ToRe #VanRe

betterdwelling.com/canadian-real-…
Read 6 tweets
Stephen Punwasi πŸŒ‹ πŸš€ Profile picture
22 Aug
People keep comparing rent subsidies to minimum wage increases.

This isn't even close to the same, and implies a very poor grasp of basic economics and business.

Quick thread. πŸ§΅πŸ‘‡
2. Idiots say if you raise the minimum wage by $1, it'll result in much more expensive food.

We know that's not necessarily true, because a $1 increase to labor is not a $1 increase to product output. It doesn't take a whole hour.

It takes 5 min. So it adds 9 cents.
3. Giving cash subsidies for market housing is very different. When the cost of shelter is rising fast, the market can more easily absorb it.

That's how high home prices are justified. They cut interest rates, so now people can carry a higher cost of housing.
Read 15 tweets

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