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 π¨π¦ to commit to our plan.
π¨π¦'s gov: We're going to embark on the most aggressive population expansion ever.
π¨π¦: HELL YES!
*healthcare fails, housing fails, over 1 in 5 recent immigrants want to leave*
π¨π¦: Wait, you didn't plan it? You spend the year just calculating 1%?
π¨π¦'s gov: Provincial issues.
btw that wasn't anti-immigration.
π¨π¦ is exploiting immigrants & branding it as a progressive value. We sell them on π¨π¦'s historic reputation and provide none of the stuff we used to.
The gov sees taxes & people that do jobs we won't.
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.
Can we just quickly discuss how π¨π¦ gamed the CPI inflation numbers?
<thread> π§΅π
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.
Who wants a quick lesson on monetary policy and housing? πββοΈ
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> π§΅π
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.