Mike's Daily Comment

Financially Illiterate Graduates a Political Boon

 

Students who have no awareness of the 1.3 Trillion in government debt they will be spending their lives paying off, or have no idea what an unfunded pension liability is that they will be on the hook for might be forgiven for advocating big government. Since the school system doesn’t make them aware, it will be no surprise when they get very angry when they find out they are grossly in debt before they have even begun their working lives!

…related from Michael: Socialism Gets Slammed by…..Socialists

shutterstock 143761402-1

 

 

Socialism Gets Slammed by…..Socialists

 

After 5 years of socialist rule in France, the socialist party dropped from 280 seats to just 29. As the new majority leader Macron said, France had become Cuba without the sun. Now the chairman of the French Socialist party declares the left must change everything about itself, including its form, substance, ideas, and organization. That’s France, and its not going much better for socialist countries elsewhere either.

…speaking of socialism, from Michael: Corruption on a Gigantic Scale

Screen Shot 2017-06-20 at 7.22.00 AM

The Impact of Amazon’s “Just Walk Out Technology”

 

Amazon’s groundbreaking Go Technology allows customers to walk into a food store, fill up a basket and walk out without any help from sales people, cashiers, shelf stockers or other low wage positions. Politicians who argue for raising the minimum wage don’t understand these changes in the marketplace, if they did they would be arguing a different strategy to meet these changes.

…also Michael’s Saturday Editorial: Brazen & Relentless: Coming To a Neighbourhood Near You?

a 1480973933573 7250341 ver1.0

They Want More of Your Money & They’re Coming To Get It

 

Governments are desperate for money. A good example is the latest Liberal plan to add a 5% tax to internet services like netflix. That’s on top of the tax you already pay on cable bills! Strap-in, governments need for cash is becoming relentless, and they’re coming to get it.

….also from Michael: Changes Coming Along With Higher Canadian Interest Rates

1307259408 uymcw 

It’s Politics & Drama 24/7

 

Meanwhile a Financial Monster stalks the land. With the ramifications of the aging population going critical, we find it’s not being discussed as the appetite for the latest Trump move, or whose going to run BC grabs all the attention.

…also Michael’s Mid-Week Update: Changes Coming Along With Higher Canadian Interest Rates

20120229152745 finance

test-php-789