• 6 Posts
  • 114 Comments
Joined 1 year ago
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Cake day: June 15th, 2023

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  • It’s not the simple unfortunately, because of 2 factors:

    1. Our boomers are a very large generation, larger than the millenials

    2. Life expectancy has increased so people live much longer (with high medical costs)

    In the 70s - 2000s we had a large generation of in their working years paying for a small generation’s 5-10 year retirement

    Now, we have a small generation in their working years paying for a large generation 15-25 year retirement

    And this is not something we can solve by just “taxing the rich”. The numbers are so huge that taxing Canada’s richest people is a drop in the bucket




  • This isn’t a good situation, but I also don’t like the idea that people should be banned from using energy how they want to. One could also make the case that video games or vibrators are not “valuable” uses of energy, but if the user paid for it, they should be allowed to use it.

    Instead of moralizing we should enact a tax on carbon (like we have in Canada) equal to the amount of money it would take to remove that carbon. AI and crypto (& xboxes, vibrators, etc) would still exist, but only at levels where they are profitable in this environment.


  • This is a bit of a fallacy. In a normal market, the rent for a home is less than the costs of home ownership (mortgage + maintenance + taxes) and that saved money can be used to purchase other assets.

    Until the real estate mania of the last few years, if you followed this strategy, you would not be any worse off than the person who bought their home.

    I personally would much rather have equity in more fungible assets than a home. Owning a home ties you to a specific location, and can’t easily be sold in an emergency. Plus it’s not a very diverse portfolio if most of you wealth is in a single property