Tag:

big government

“Paid for by the Government of Ontario” Part 2: education, the ETFO, and the makings of a Brave New World

Paid for by the Government of Ontario is a multi-part series of articles detailing the rampant government intervention in the province of Ontario, Canada. The line is borrowed from the sign-off of government sponsored commercials that air on radio, television and other media. It reflects their in-your-face approach of using tax dollars against its own c… Read more

“Paid for by the Government of Ontario” Part 1: reminding us daily who our owners are

By now if you have recently listened to the radio, or God forbid, watched television like CP24 (whether voluntarily or by force, seeing how it is plastered all over the GTA), you will have likely come across a series of advertisements with a sign-off that sears in to your memory:

Paid for by the Government of Ontario

What a slap in the face.  Advertising is not c… Read more

Walter Williams said it decades ago: $15 minimum wage kills more than just jobs

My article “Ontario’s $15 minimum wage is going to kill more than just jobs” gained traction this past weekend, presumably sought by Ontarians and Canadians rightfully worried that big government is economically trapping us in a corner.

The thing about analyzing any situation logically from first principles is that you inevitably win… Read more

Ontario already feeling the pinch with the minimum wage hike

In my mathematical analysis of the wage hike, I claimed:

The minimum wage increase does nothing in relative terms, but increases everything in absolute terms.  It is pure, immediate inflation.

Anecdotally, within just the first few days of this legislation in effect, everyone has seen the immediate inflation in consumer prices, and if not, the immediat… Read more

When there is a will there is a way: world banks and governments set to drive BitCoin to $0

Coincidentally a week after my prediction that governments would use the bursting of the crypto bubble as a scapegoat for continued bad economic policy and the unraveling of all other debt-fueled bubbles, RT releases a report on Saxo bank’s prediction that Russia and China are on board with that plan.

“The rise of bitcoin and other cryptocurrenci

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FCC votes to repeal Net Neutrality in the US. Now what?

The funny thing about this event is that people all over the world have a hard for-or-against opinion on it, despite it being an issue isolated to America, and despite it being an issue that won’t end the world.  It shows how far the social media bubbles lead to everyone just parroting each other for in-group affirmation and being unable to have a neutra… Read more

A theory: how BitCoin will be used as a scapegoat for bad monetary policy

Here’s my conspiracy theory in a nutshell:

The hype of cryptocurrencies is backed by governments and banks (Russia and China are explicitly doing so).  Global market psychology is manipulated by driving up cryptocurrencies with an injection of capital (on the scale of 70%+ of the market cap). The sharp rise in the price of cryptos garners widespre… Read more

Net Neutrality: yay or nay? A pragmatic analysis

With the FCC chief planning to repeal Net Neutrality, the Internet is debating whether or not this is a good move by the current U.S. administration.

On one hand, deregulating allows for smaller government, leaving it to free market principles to regulate the behaviour of telecom companies.

On the other hand, this opens up the possibility of the big telecom … Read more

$15 minimum wage: Ontario’s “supports in place” for small businesses are more like wrecking balls

The Wynne Ontario government responded to the laughter caused by their proposed small business tax cut from 4.5% to 3.5% with the minimum wage hike from $11.60 to $15.

“There was never a commitment to offset the increases in minimum wage,” Wynne said. “I was very clear that that was not something that we were going to be able to do, but we wan

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In the face of the minimum wage hike, Ontario’s corporate tax rate cut is laughable

Finance Minister Charles Sousa unveiled the plan in the province’s fall economic statement Tuesday afternoon. The corporate tax rate for small businesses will fall from 4.5 per cent to 3.5 per cent effective Jan. 1, 2018, the same day the province will increase its minimum wage from $11.60 to $14.

The Canadian Press, November 14, 2017

The Keynesian t… Read more