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Spooky

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Spooky last won the day on December 9 2022

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  1. Would you share your rationale?
  2. True, this is a big problem in Canada with the Federal government just having one answer - increase taxes, rather than looking to do more with the spending / resources they have.
  3. Yes, the inter provincial barriers we have to trade within the country don't make sense. For instance, in Ontario it is difficult for people to buy wine made in BC. Luckily this issue is garnering a lot more discussion so hopefully something can be done. We also have different securities regulators for each province which, in a country our size, makes no sense.
  4. I don't think this is correct. When Buffett gives shares to charities they convert them from the A shares to the B shares. The Munger family and some other current A share holders will end up with control.
  5. It's sarcasm since a certain poster called it a left wing rag. I don't feel good about sending my money to Newscorp but it gives me another viewpoint on everything happening right now.
  6. I am skeptical it will help anyone except the well connected and political elite. You are probably correct.
  7. It would be good to give all Americans a stake in the economy / output of the nation, it might help with inequality and the feeling that only the top 1% benefit from capitalism. I wish Canada had done something similar to Norway with its energy assets, we would all be wealthy . The downside is that there are additional fees and costs and less agency for individuals to make investing decisions. Governance also needs to be thought through carefuly, MBS took over control of the Saudi PIF and has been making some pretty bad investments. Ontario tried to set up a separate provincial pension plan and that was a disaster which ultimately fell apart. Another idea that I thought was cool is giving every citizen a trust fund when they are born with like $5k in the S&P 500 which they can't sell until they are an adult. Give people some ownership and skin in the game.
  8. That sounds pretty nice right now.
  9. Interesting. I'm fairly certain it is a Ted investment.
  10. Looks interesting, congrats on the find! How is the book? I lived in Hong Kong for a little while, it is a beautiful place.
  11. Damn he's still at it. Wish I knew what they know about this company.
  12. I re-subscribed to the fake news / left wing rag the Wall Street Journal
  13. My view is that Canada should drop the 13% HST (essentially a VAT). It is a regressive tax that penalizes consumption. Might be a good way to offset some of the pain from tariffs. Toronto as a city doesn't have the power to impose the HST. We would need the federal / provincial governments to do this.
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