Georgist @bygeorgist Twitter profile

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Georgist

4 months

The Fed raised rates. The BoC had to follow. No choice. The government/BoC used massive immigration to force up rents. Rents mean support for higher rates. Even if individual Canadians lose their homes due to high rates, someone else will be able to carry higher repayments.

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Georgist

@bygeorgist

7 years

Trump: “I don’t care what they say, no computer is safe. I have a boy who’s 10 years old, he can do anything with a computer" Old man logic

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Georgist

@bygeorgist

4 years

@holski_beat @davidgraeber yep, especially @Guardian who undermined Corbyn whenever they could

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Georgist

@bygeorgist

6 months

@merry123459 You're down in the polls nearly everywhere. Do all those people wear tin foil hats?

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Georgist

@bygeorgist

4 years

@davidgraeber @holski_beat @guardian they are the cuckoo in the nest. a fake left-wing paper squatting on left wing ground. we have no actual left-wing paper.

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Georgist

@bygeorgist

4 years

@cwarzel @matthewstoller Democrats voting for him are clear on the only fact they care about: no real change. With bonus plausible deniability.

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Georgist

@bygeorgist

2 months

@KirkLubimov this is moderating their own policies they increased by 100%, now they cut that by 10%

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Georgist

@bygeorgist

5 months

@KirkLubimov end of the cycle nobody is doing real work, they gotta shake down home owners who got paid 30k a year for doing nothing Canada is unbelievably poorly run. This student scam is beyond belief.

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Georgist

@bygeorgist

5 years

@Bellingdawg Highly suspect it's time Macron was dragged out of his little gold room by his hair and taken to the square. Please form a queue, "elites".

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Georgist

@bygeorgist

4 years

@AnnPettifor @Normanjam67 I loved that this guy didn't pull punches. Another example: he wrote a lot of The Guardian but then denounced them for their shameful lies about Corbyn, despite the personal cost.

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Georgist

@bygeorgist

29 days

@ManyBeenRinsed @BoomerandEcho @MarcMillerVM @JustinTrudeau @cafreeland Not a real country. Real countries don't sell citizenship for $23k en masse.

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Georgist

@bygeorgist

6 years

Bitcoin is neoliberalism. Everyone has to do pointless shit in parallel because nobody trusts anyone Hugely inefficient waste of resources A bunch of dogmatic lunatics who think it's the second coming Does what we already had but much, much worse Early adopters love it

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Georgist

@bygeorgist

4 months

@MarketManiaCa Is a country where multiple scam colleges operate with impunity to sell residency and allow money launderingthrough land really 1. A country 2. Western You need borders and laws to be a country

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Georgist

@bygeorgist

26 days

@igetredpilled Productivity hasn't suddenly plummeted. Rising rates showed Canada was swimming naked.

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Georgist

@bygeorgist

6 months

@ScionSeeker @merry123459 I was blocked for that reply, talk about weak minded.

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Georgist

@bygeorgist

4 years

@KDPluymers @davidgraeber @dbessner South Korea and Germany: strong manufacturing base USA and UK: finance bullshit and rentier bullshit

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Georgist

@bygeorgist

4 years

Love it. Yet all the landlords see themselves as so different to these jerks.

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Georgist

@bygeorgist

6 months

@geoeconomic10 these two women are low skill and should be in jobs paying less than 50k a year, yet here in Canada they thrive on speculation

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Georgist

@bygeorgist

7 months

@StephenPunwasi International students should be 5% max. If the uni isn't viable at that level I recommend it be shut down permanently. Universities are not fulfilling their role, they are not a business.

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Georgist

@bygeorgist

2 months

Freeland is a dangerous, incompetent psycho. This is analogous to a dog eating its own vomit, then puking again, then eating it again.

Shazi

@ShaziGoalie

2 months

"🇨🇦 Bold Gamble" Spending 75% of its deficit to prop up mortgages, a desperate move or economic ruin in the making? 👇🏽

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Georgist

@bygeorgist

7 months

@chigrl Love it, hope they lose a fortune and it becomes a cautionary tale for everyone wanting to leech off societal value. If my kids grow up in a society where housing speculation isn't a thing I will be so happy for them. The last 20 years have been cancer for productivity.

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Georgist

@bygeorgist

6 months

@TdLeaker think you missed one off your list there: - greedy Canadians wanting something for nothing

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Georgist

@bygeorgist

26 days

@sharemyopinion As Canada slides further into financial crisis, the liberals will lose nearly all seats.

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Georgist

@bygeorgist

2 months

@StephenPunwasi it's flooding the mkt to force 10% appreciation

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Georgist

@bygeorgist

6 months

@ScionSeeker @merry123459 Trudeau and Freeland have made numerous policy errors that have long lags. These will continue to play out over the next 12 to 24 months, making him massively unpopular, even compared to today. Trudeau's supporters should rethink their strategy, painting PP as 'bad' won't cut it

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Georgist

@bygeorgist

6 months

@TdLeaker because we didn't have artificial scarcity of *land* then, and we didn't have unlimited fiat like post 1971

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Georgist

@bygeorgist

4 months

Canadian financial literacy. You'll see a "pattern":

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Georgist

@bygeorgist

3 months

@Tablesalt13 If taxes are going up more people will leave and less will come, eroding the tax base further. People are stopping working because of taxes as they are now. Boomer haircut coming.

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Georgist

@bygeorgist

25 days

@SteveSaretsky don't you get it Steve? the last 15 years were a lie but those lies were used to buy real resources. now the bill is due. and Canada has atrophied b/c too many stopped doing real work, instead speculating on the lie.

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Georgist

@bygeorgist

2 months

@TdLeaker Imagine knowing you only got the job because of a friend, and that you ruined your own country.

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Georgist

@bygeorgist

3 months

@TdLeaker Canada is "the company store". You work for one of the oligopolies or the govt. You pay 40% tax minimum. You shop at one of four stores. The entirety of the rest of your income goes on housing costs due to manufactured scarcity.

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Georgist

@bygeorgist

2 months

@Tablesalt13 the worst part is it will probably get stolen

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Georgist

@bygeorgist

1 month

@TdLeaker there's no competition because Canada doesn't have capitalism

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Georgist

@bygeorgist

7 months

@scoopercooper if they can ignore Hezbollah how closely are RCMP looking at money laundered into housing? Canada: we're open!

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Georgist

@bygeorgist

5 months

@Tablesalt13 As a single income family where I'm well paid, we get hammered.

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Georgist

@bygeorgist

6 months

@JohnPasalis Oh my God no, the humanity, the government must bail them out immediately! And in doing so lock the next generation out and protect boomer assets!

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Georgist

@bygeorgist

22 days

@KirkLubimov Canadians have no concept of how debt based economies function, so they won't understand the concept of unproductive debt. They think "well 2bn is more than 1bn so it's better". All thought is infantalized by decades of near communism. Daddy state can fix everything.

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Georgist

@bygeorgist

1 month

@JonFlynnREstats > I thought I could exploit poor people because the BoC said they'd help me, but the Fed stopped me ah well

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Georgist

@bygeorgist

4 months

@Tablesalt13 No problem they can do a fake masters using their fake Indian degree at a fake Canadian college that doesn't even have a physical location. Bribes all round!

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Georgist

@bygeorgist

4 months

@MarketManiaCa Before the USSR failed people knew it was going to fail but they couldn't imagine an alternative so continued to go to work. > we pretend to work and they pretend to pay us

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Georgist

@bygeorgist

1 month

@TdLeaker Did you adjust for marginal tax rates? If not it's far less purchasing power. Also sales tax is a % so 15% on $15 more than on $10 dropping purchasing power further.

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Georgist

@bygeorgist

6 years

SAQ workers successfully strike against exploitative conditions. Unionization made the strike possible. More power to them, no need for this crap from SAQ management. cc @BootsRiley

Wael Badawy

@WBadawy

6 years

RT YourMorning: #SAQ workers are staging a three-day strike that starts today. 5,500 unionized workers are taking part. The employees have been without a contact since March of 2017. This job action is expected to impact most of the province's government…

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Georgist

@bygeorgist

3 years

@profplum99 @LukeGromen Bitcoin (and options speculation) is a manifestation of asset prices detaching from wages. For the young there is zero hope of a normal life without some big speculative "win". If we don't crush rentiers it's going to be over.

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Georgist

@bygeorgist

4 months

@Tablesalt13 I am one of those people and I can barely afford a home. It's just absurd. I also am by far the main earner so I get taxed way more than a couple earning half my salary each. I think about leaving every single day.

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Georgist

@bygeorgist

2 months

@StephHughes95 @REWoman plot twist: none of the them were real jobs because canada doesn't have a real economy

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Georgist

@bygeorgist

7 months

@GuyDealership Three jokers and one king.

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Georgist

@bygeorgist

4 years

@kennardmatt @Normanjam67 for most it gave them a socially acceptable way to declare they are voting for poor people to suffer so their house price stayed high

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Georgist

@bygeorgist

6 months

@geoeconomic10 > what happens to cocaine addicts if they start to get the shakes? > you gotta give them more cocaine! no you have to let the correction play out, start doing real work and start building a sustainable soceity that is the *only* way out

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Georgist

@bygeorgist

3 years

@garymasonglobe Wholeheartedly agree with the sentiment. However we must never compare ourselves to America. It's a hellhole and if we use such a low bar, Canada will get worse. We should compare ourselves to strong European countries.

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Georgist

@bygeorgist

6 years

@GoodbyeWaves @ta_mills @TheBirmingham6 Because @guardian is not genuine. It's squatting on left wing space. They hate all solutions that truly help workers.

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Georgist

@bygeorgist

2 months

@ManyBeenRinsed @MarcMillerVM alright they've learned the english for "scam"! give them PR they are Canadians! not a real country real countries don't need hundreds of thousands of foreign students to scam real countries have real work real countries have borders

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Georgist

@bygeorgist

7 months

@wolfofwolfst I've been spending way more. No raise and I'm buying less. But I've been spending way more.

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Georgist

@bygeorgist

2 months

@ManyBeenRinsed the twist: it's the canadian government

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Georgist

@bygeorgist

6 months

@ManyBeenRinsed It's looking up for me if prices really do tank more. Why? I have an actual skilled job. Try it Canadians!

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Georgist

@bygeorgist

16 days

@MarketManiaCa these are the people who have little to no equity because prices have detached from wages and houses are priced in houses, not in wages

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Georgist

@bygeorgist

6 years

@deaville1953 @BBCNews what part of "the PM is accountable to parliament not Trump" is "clown-like"?

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Georgist

@bygeorgist

4 years

@tomwarren @RomanchukBrian I love these. One time at a multinational, in Europe in the morning people struggled to get it under control. Died down around noon. Yanks came in and kicked it all off again. Easily my most enjoyable day at that company.

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Georgist

@bygeorgist

2 months

@JonFlynnREstats The prefab thing shows that Canadians don't understand two things: 1. the cost of land 2. how prices are set (decreasing the cost of the building will simply increase the cost of the land as the total price is set by available credit)

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Georgist

@bygeorgist

3 months

@MarketManiaCa Canada *could* be great, if it had an open, fair economy. Today I had a great brunch. There's no brunch oligopoly. Canadians can rise to the occasion.

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Georgist

@bygeorgist

6 years

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Georgist

@bygeorgist

4 months

@deerpointmacro It really doesn't add up. It hasn't for years, but 30k annual increases on property encouraged overspending which kept things ticking along. Now that is *over*.

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Georgist

@bygeorgist

1 month

@JonFlynnREstats the big question is: how much lasting damage will they do trying to keep it propped up?

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Georgist

@bygeorgist

3 years

@TOAdamVaughan @SabrinaMaddeaux @JustinTrudeau put on your big boy pants and fix this mess. you guys let it go up 25%, so yes, there is no easy path now. but it still needs fixing, and that fix is to drop prices.

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Georgist

@bygeorgist

9 days

@Tablesalt13 > we'll show them the video my bet: nothing happens as there is no application of law in Canada

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Georgist

@bygeorgist

6 years

My word. People complaining about input cost inflation due to minimum wage hikes in Canada. Okay, but where were you guys when land trebled?

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Georgist

@bygeorgist

4 years

@akalamusic these are two distinct issues, not that anyone in the UK gets it: 1. fairly earned income as a footballer loved by many 2. rentier income as a landlord

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Georgist

@bygeorgist

3 years

@JohnPasalis They are letting it happen to avoid a price collapse once the boomers shuffle off. The demand is now infinite as blackrock can create credit at will, to force prices up, remark, more credit.

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Georgist

@bygeorgist

4 months

@geoeconomic10 Balls deep recession

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Georgist

@bygeorgist

3 months

@REWoman @TorontoStar It's not the world. Yes housing is expensive in other western countries, but what's happening in Canada is so, so extreme. It's far beyond anywhere else.

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Georgist

@bygeorgist

5 months

@TdLeaker Everyone in 1800 knew the term you're struggling for. It's a single word: rentier. Adam Smith knew it. Keynes knew it. Henry George knew it.

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Georgist

@bygeorgist

5 months

@ShaziGoalie 1.1mm but can't scrape together 50k? lucky escape

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Georgist

@bygeorgist

4 months

@Tablesalt13 Hey let me solve this little riddle for you. CAD dropped in value massively.

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Georgist

@bygeorgist

3 months

@Christine_2088 @ManyBeenRinsed Boomer take: I'm not going to lie, I want the biggest asset appreciation in history for the simple reason that I want a new car and to go on vacation. I don't care that my children will have nothing and no opportunity...

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Georgist

@bygeorgist

4 years

@OwenJones84 @davidgraeber And in that bath of human blood sit the Tories, having their balls washed by the Guardian.

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Georgist

@bygeorgist

5 months

@ShaziGoalie He has won elections by lying, knowing that many Canadians will embrace what they know to be a lie, because they understood it would enrich them.

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Georgist

@bygeorgist

8 years

@CapitalNotLand @DrNick_ebooks dems backers would rather get trump than sanders, who was going to shaft the banks

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Georgist

@bygeorgist

3 years

@maxkeiser @RudyHavenstein "in order to buy their first apartment" get fucked you banker snake

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Georgist

@bygeorgist

2 months

About 4 years ago a neighbour across the street invited me over for diner when my kids and wife were away. Very kind of them. They asked me what I thought about Canada, I said I liked it a lot etc but that they were going to have huge issues due to their insane housing bubble.

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Georgist

@bygeorgist

3 years

@RudyHavenstein Tin opener I bought from KitchenAid about 12 weeks back just broke. This is also where the inflation is. Meanwhile all these media economists scoff at falling living standards and last made their own food in 1982.

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Georgist

@bygeorgist

5 months

@SamParkerSenate reddit has always been *highly* suspect. two random examples: 1. uk royal family propaganda regularly upvoted to the front page 2. canadian subreddits constantly patrolled for pro mass immigration, misinfo on house price inflation causes etc

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Georgist

@bygeorgist

7 years

To understand our modern world, you need to understand how banks create money By @ProfessorWerner Cc @ChrisGiles_

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Georgist

@bygeorgist

4 months

@Tablesalt13 the main issue is that if you try to work harder for your family the state takes 50% if you try to force other families to pay for you, by exploiting building scarcity, the state is far more lenient

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Georgist

@bygeorgist

9 days

@ShaziGoalie 3 realtors who know how to create an account on reddit, with a morning to spare because nobody is buying

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Georgist

@bygeorgist

5 months

@MarketManiaCa Two weeks ago I again turned down a promotion. I told my boss "think of the number you're going to give me extra, and halve it, because that's what my family sees". Canada is an absolute nightmare for people who want to add value.

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Georgist

@bygeorgist

4 months

@Tablesalt13 I wrote about this on twitter 6 months back. It was 100% clear this was going to happen. The state needs images of people with *nothing* to make people with next to nothing happy to work.

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Georgist

@bygeorgist

6 years

@Nlitsardopoulos @davidgraeber The point of BS jobs is to stop us from sitting down the village hall, talking, which would inevitably lead to a conversation about lynching the rentiers.

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Georgist

@bygeorgist

4 months

@DouglasTodd @brettdrc @JohnPasalis @Supply The supply / demand *curve* is about the intersection of the two. Talking about one makes no sense, ever, even to a 14 year old.

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Georgist

@bygeorgist

3 months

@JonFlynnREstats imagine a canada where you can focus on stuff like starting a business etc instead of wondering if buying in this or that year is going to be the biggest mistake of your life

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Georgist

@bygeorgist

1 month

@JohnPasalis Canada tried to exploit "students". Immigration reps exploited "students". The "students" themselves also knowingly entered into the scam, they did not think this was real, they saw it as back door PR. The whole thing is "not a real country" stuff. Absolutely absurd.

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Georgist

@bygeorgist

9 days

@ravi_chander Canada is the prison.

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Georgist

@bygeorgist

1 month

@FinEconGlobal The whole problem with Canada is your standard of living has nothing to do with your job. House prices are detached from incomes. Canada is neo feudal.

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Georgist

@bygeorgist

27 days

@TdLeaker I think it depends on the domain and the experience of the new joiner. In tech you can learn from home ifff you already have experience and iffff your teammates make the effort. In general, agree with your point Real problem: nobody anywhere gives a shit b/c we're renting forever

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Georgist

@bygeorgist

6 months

@ManyBeenRinsed Imagine brainstorming that speech and concluding saying that and everyone clapping would look good

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Georgist

@bygeorgist

3 years

@JohnPasalis they have 100% betrayed young people in Toronto / Vancouver for, what, at least half a decade, maybe a decade ? Let's call it what it is. It's well understood. Boomers don't care. The young are working for the right to exist. Forever.

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Georgist

@bygeorgist

4 months

@Jay_Coupar Did you imagine you'd be putting your families shoes on the floor to do this, as a teenager? What will you do when the next set of real stats come out?

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Georgist

@bygeorgist

6 months

@Tablesalt13 every sector in Canada has no competition, except brunch

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Georgist

@bygeorgist

3 months

@TdLeaker agreed, Trudeau is a great man I'd like to see him steer the Liberals to the result they deserve next year

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Georgist

@bygeorgist

3 years

@GravelInstitute @EpochPhilosophy kinda looks like america to me because it's always looked like it is (at the very least) flirting with fascism. you guys hear the national anthem every day at school. little bit fascisty if you ask me.

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Georgist

@bygeorgist

4 years

@davidgraeber they did it in 2008, Nu Labour spread the phrase "global financial crisis" across every single news outlet. No comeuppance for The City, who lobbied for a deregulated UK, where even the USA were lowering standards to compete with us.

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Georgist

@bygeorgist

6 months

@TdLeaker Damnit man name the country 😀

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Georgist

@bygeorgist

3 years

@MiserableTwitt1 @SHRED3033 @ScottGottliebMD @TheStalwart All the talk around covid is either asymptomatic or death. I had covid, didn't go to hospital. Still short of breath 10 months later. Felt nauseous every single day for 9 months. And plenty of others stuff. Would love to hear more about this preventing "long covid" in time.

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