Toronto isn't the next NYC, San Francisco, or LA. That's GREAT news. ๐Ÿฅณ

Those cities have systemic inequalities we don't tolerate in ๐Ÿ‡จ๐Ÿ‡ฆ. Let's build something better & set a new global standard.

Here's how we'll drive Toronto's economy with community-based growth.

<thread>๐Ÿงต๐Ÿ‘‡
2/ We'll invest in our talent. Our plan is to build a community venture fund to make city-owned investments in early stage companies that demonstrate potential.

We'll keep our talent, grow our local economy, & make opportunities more widely available.

3/ Save your small business money with a city-owned payment processor.

Big companies pay dramatically lower credit card fees than small ones due to the volume. It's not cool.

We plan to leverage the collective size of Toronto's small business community & negotiate together.
4/ Powering your small business with free software designed through our Open City software plan.

Small businesses pay huge amounts via many small & recurring fees, like cash register & restaurant ordering software.

We plan to develop this with other cities & make it free.
5/ That payment processor & small business software? existing companies use that data to extract more money from you.

We plan on doing the exact opposite โ€” leveraging it to make your communities more resilient.

By monitoring trends, we can provide support before we see failure.
6/ Irregular economic shocks to communities or stagnating growth will be visible in real time.

Communities experiencing economic shock or stagnation is an emergency. We need to treat it that way.

examples of support:
- mindful construction adjustments
- targeted job creation
7/ Check out more details here.

Want to help make it happen? Share our platform with your friends & family, on social โ€” yell it at strangers on the street. OK, don't yell it.

We have plans, but you have the power to make them happen. #LetsFixIt

stephenpunwasi.com/campaign/platfโ€ฆ

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More from @StephenPunwasi

Sep 22
Tomorrow we launch our business platform, but itโ€™s not a traditional plan. It puts our communities first.

Iโ€™m particularly pumped about one idea for Toronto โ€” ๐Ÿ‡จ๐Ÿ‡ฆโ€˜s first community-based venture fund.

Hereโ€™s how weโ€™ll keep local talent, create jobs, & drive opportunity.

<๐Ÿงต>๐Ÿ‘‡
2/ a community-based venture fund is a taxpayer owned investment firm.

Rather than lose our talent to San Francisco or Boston, weโ€™ll vet the deals & invest along side top tier funds on the condition the businesses stay here.

Other cities have had some pretty amazing results.
3/ Kalamazoo, MI is a thriving city, but it wasnโ€™t always.

recession after recession left the city looking bare. Corporate mergers & acquisitions left few jobs. Old empty factories were everywhere.

In 2005, they started a fund to invest in early-stage life sciences companies.
Read 8 tweets
Sep 21
A ๐Ÿ‡บ๐Ÿ‡ธ outlet reached out to discuss how an anti-corruption candidate for office in ๐Ÿ‡จ๐Ÿ‡ฆ is facing targeted attacks by a faux-activist group with members bragging about being paid to lie at community consultations.

โ€ฆ I legit donโ€™t know how to answer why ๐Ÿ‡จ๐Ÿ‡ฆโ€™s media ignores me. ๐Ÿ˜ฌ๐Ÿ˜‚
Sweet. Vancouver media comin' through, because of course something needs to happen in Vancouver first for Toronto. lol
A bunch of Toronto "progressive" councilors are now telling my network I'm a troll.

Damn, the right is good. They effectively ran a right-wing candidate, then got the left to run on their platform. ๐Ÿ˜‚
Read 4 tweets
Sep 21
How the heck did ๐Ÿ‡จ๐Ÿ‡ฆ's housing crisis get so bad?

We spend a tremendous amount of taxpayer resources, and nothing changes.

There are a lot of reasons, but today let's talk about the political gaslighting that occurs through political operative groups.

<thread> ๐Ÿงต๐Ÿ‘‡
2/ When More Neighbours reached out, I took Eric's call in a second. Ran my plan past him.

Not one criticism. Said it would be game-changing โ€” he's a socialist who wants profits out of housing. I believed it.

Then he begins to criticize, while his minions spread lies about me.
3/ It didn't pass the sniff test. His old posts in a public group are interesting.

What's a "socialist" doing in a neoliberal group for deregulation? He's starting More Neighbours to appeal to social justice, because renters are 50% of voters? People keep sending this thread.
Read 13 tweets
Sep 20
oh cool. Someone pointed out the โ€œactivistsโ€ attacking me are attached to a right-wing media co, now theyโ€™re trying to brand me as a Russian asset.

Good job. Except I help govs find hidden Russian plutocrat assets & I was referencing this Reuters piece.

reuters.com/article/us-cohโ€ฆ
2/ oh hey. I know this guy thanked in the report that helped lead to the anti-money laundering inquiry in BC.

Golly, itโ€™s almost like I help identify hidden assets and am the good guy being attacked for wanting greater transparency lawsโ€ฆ by housing activists? How strange. ๐Ÿค” Image
3/ on the upside, these activists have a really lit group chat. Weโ€™re all so funny.

So whatโ€™s this about us friendly housing activists branding Punwasi as a Russian asset, even though you know heโ€™s not?

Feels weird for housing activists to conspire like thisโ€ฆ for housing. Image
Read 5 tweets
Sep 18
Twitter randos: โ€œStephenโ€™s wrong. Low rates & investors didnโ€™t increase prices. No one says that but him.โ€

Oh hey, Bank of Canada. Glad you finally realize what happened over the past 20 years.
2/ Bank of Canada also had a eureka moment in 2021 when it updated its forecasting tool. It realized that borrowing can contribute to housing demand.

You see, despite monetary policy being based on lowering credit to increase demand, they didnโ€™t know it increased demand. ๐Ÿคทโ€โ™‚๏ธ
3/ what? BMO is saying the same thing about housing and credit?

Hey, maybe weโ€™re all wrong and a group of mostly anonymous accounts that spend a large portion of their day spreading false rumors about me are right, despite providing absolutely zero evidence.
Read 7 tweets
Sep 17
Toronto recently recovered $28 million from anti-corruption investigations.

So many files that the auditor general herself needs to help investigate.

Why arenโ€™t we hearing about charges? ๐Ÿง

#LetsFixIt #topoli

stephenpunwasi.com/campaign/platfโ€ฆ
2/ The auditor generalโ€™s recoveries and reduction in future crimes makes this area revenue positive.

Is Torontoโ€™s leadership intentionally underfunding an anti-corruption effort that makes taxpayers money or do they have no clue?

Either way, not a great look.
3/ Remember, corruption costs you money. A LOT.

How much of your tax dollars are going to criminals & special interests?

How much better would public schools, public transit, social housing, and investments in the city be, if we werenโ€™t lining the pockets of criminals?
Read 15 tweets

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