Thread by @rohanarezel

In 2013, I had enough $ to put down for a #vanre detached home. Had I done that, I'd be able to cash out around $1.2M tax free and retire.

Instead, I launched a start up, created a bunch of jobs, paid taxes, and contributed to the economy.

Thread 🧵

#cdnpoli #vanre

While many companies imported cheap labour or offshored work, I hired and trained kids straight out of universities and colleges. I gave many their first job, and many have gone on to do great things. I'm incredibly proud of that.

But what has been my reward?

I have earned less than the house I never bought earned. I've paid a metric ton of taxes that the house would never pay.

Canada punishes entrepreneurs while rewarding real estate speculators like @Taleeb. There's no incentive to invest one's time and money in a business.

@Taleeb There's no incentive to train kids out of post-secondary. Trudeau had made it ridiculously easy to import temporary foreign workers.

Under the "global talent stream", you don't even have to try to hire a Canadian worker first. You don't have to show there's a "labour shortage".

@Taleeb If you're a young person graduating university hoping to work as a software developer, you'd be competing with experienced foreign workers willing to work for $60K/year.

You'd also be competing with flippers like @Taleeb for housing.

@Taleeb A guy I met at an event for tech entrepreneurs told me at the time he had started investing in RE on the side. I ran into him a few years later and he said he shut down his tech business to focus on his real estate empire.