Government corruption drives your taxes higher & destroys our communities.

That's why we won't just set a global transparency standard in Toronto. We're asking mayoral candidates in cities across πŸ‡¨πŸ‡¦ to commit to our plan.

<🧡> #LetsFixIt

Read more: stephenpunwasi.com/campaign/platf… Image
2/ Fun fact: πŸ‡¨πŸ‡¦ has no clue who owns anything.

Literally didn't collect the info. @OCCRP said it's worse than notorious tax havens.

Meet my friends @scaldron & @JamesCohen82. They work tirelessly behind the scenes to change that. Two great follows!

3/ Want to know how wacky πŸ‡¨πŸ‡¦ is? Those two have to raise tens of thousands just to pay for access to government information.

Anti-money laundering doesn't have deep pockets, but the government sets prohibitive barriers to PUBLIC information.

It's not an accident. #LetsFixIt
4/ the strangest thing happens when you run for mayor on an anti-corruption platform.

New anonymous accounts remember things that didn’t happen.

Like I lost the CPC leadership without running?

I was rude to someone at a bar? Last bar stranger I spoke to was 15 years ago... πŸ˜‚

β€’ β€’ β€’

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More from @StephenPunwasi

Aug 31
Our current leadership is why we don't have nice things. #LetsFixit

I'm running for mayor of Toronto and I promise you the platform we're launching tomorrow is like nothing you've ever seen.

<thread> πŸ§΅πŸ‘‡

stephenpunwasi.com
2/ Increasingly Canadians are telling me they can't get ahead. It doesn't matter how hard they try, it just doesn't work.

A household can make double the median income and still not be able to afford housing in πŸ‡¨πŸ‡¦'s major cities.

This isn't just a Millennial issue.
3/ Established small business owners are getting crushed.

We're telling disabled people to consider MAID because housing is expensive.

Our state committed senicide and glossed over it.

We don't trust our government. It doesn't matter which level. It's all levels.
Read 17 tweets
Aug 23
lol. Canadian inflation (CPI-Common).

Jan 2022: +2.3% (Feb release)
Jan 2022: +3.2% (Jul revision)
Jan 2022: +3.6% (Aug revision)

Putin's inflation is so bad, January's inflation is *still* rising.
Anyway, this highlights the point I was trying to make with Stat Can's management team.

They said they don't control the Bank of Canada, they make their own decisions.

But BoC said they didn't hike because CPI-Common was within range. No one's in charge. πŸ€ͺ
3/ that's not how this works.

Remember when we had a recession in 2015 and the Bank of Canada cut rates, helping to spark the mini-bubble in Toronto and Vancouver?

About that... those numbers were revised β€” wasn't a recession. Let's just file that crisis under whoopsie daisies.
Read 4 tweets
Aug 18
πŸ‡¨πŸ‡¦'s gov: We're going to embark on the most aggressive population expansion ever.

πŸ‡¨πŸ‡¦: HELL YES!

*healthcare fails, housing fails, over 1 in 5 recent immigrants want to leave*

πŸ‡¨πŸ‡¦: Wait, you didn't plan it? You spend the year just calculating 1%?

πŸ‡¨πŸ‡¦'s gov: Provincial issues.
btw that wasn't anti-immigration.

πŸ‡¨πŸ‡¦ is exploiting immigrants & branding it as a progressive value. We sell them on πŸ‡¨πŸ‡¦'s historic reputation and provide none of the stuff we used to.

The gov sees taxes & people that do jobs we won't.

My full rant. πŸ‘‡

thestar.com/opinion/contri…
3/ While the pandemic exacerbated the issue, let’s not pretend that’s why things were broken.

Months before the pandemic, Ontario’s hospitals were reporting being β€œbeyond capacity” regularly.

cbc.ca/news/canada/to…
Read 4 tweets
Aug 17
A brief history of the Bank of Canada since 2020.

- inflation doesn't exist

- we need the inflation

- inflation is transitory

- Russia caused it

- we'll fix it

- it's your fault
Tag me in @bankofcanada.

I'll do comms for free. Not even Karl Marx could insight the kind of dislike of central banks that you're inflicting on yourself. It's super hard to watch. lol.
incite**
Read 4 tweets
Aug 16
Can we just quickly discuss how πŸ‡¨πŸ‡¦ gamed the CPI inflation numbers?

<thread> πŸ§΅πŸ‘‡
2/ Meaningful change is measured over time, not over small periods. For example, the census is taken every 5 years because year-to-year wouldn't make sense.

Most government analysis is done over 10-years to make sure it's a stable measurement.

Not how CPI is measured.
3/ The CPI basket assigns weights to goods & services as a share of their budget. For example, the average person spends 4% of their income on alcohol and cannabis according to the gov estimate.

The influence of that price then represents a share of your inflation.
Read 9 tweets
Aug 11
Who wants a quick lesson on monetary policy and housing? πŸ™‹β€β™‚οΈ

When 2020 hit, from Vancouver to Auckland there was suddenly a shortage of everything.

Most people don't understand this is an INTENDED consequence of monetary policy.

<thread> πŸ§΅πŸ‘‡
2/ Everyone knows low rates contribute to higher home prices. Most also know that high demand and low supply means higher prices right?

Unfortunately, most don't understand these are relative concepts. They also don't fully appreciate how low rates work. Let's change that.
3/ Central banks lower rates to incentivize borrowing and create demand. They do this to create the non-productive price increase known as inflation. How does it work?

Easy, when credit is cheap it becomes an incentive to borrow. This impacts two cohorts of buyers.
Read 13 tweets

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