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The "bad faith bullshit" is the way the issue is presented by some people, which is unfortunately the usual way in politics. Cite the entire program cost, and assert the existence of edge cases intended to aggravate readers (eg. "subsidizing vacations for wealthy seniors") as if they might be a...

What is it you think "ordinary" Americans want? I suppose they are tired of being lectured that the US is a terrible nation that should be perpetually ashamed of itself. There are surveys to back up the "80" side of the "80/20" issues: immigration control, abatement of crime and disorder, a...

Americans with rah-rah-USA-USA pride in the US are the alien society in the US? Doubtful. What has been unfolding in the US is the consequence of the normies wrestling the wheel away from the favoured and moneyed political establishments for a while. Not the driver many people would have...

I see the problem. I read the CTV article, not the proposal web page. But redirecting Age and Pension Income Credits from one expenditure to another won't save anything. So at an $81K cutoff, they can claim $13B in cost reductions for their estimate. Median income for 65 and over is about...

Yeah, here's what the article has: "The proposal includes lowering the household income eligibility threshold from $185,000 to $100,000—a move Research Co. estimates could save roughly $7 billion annually." "just over 60 per cent of those surveyed believe the OAS threshold should be the same...

There was no TFSA for most of my working life, so I had to make do. Turned out "make do" was wildly over-sufficient. A TFSA is just one thing. If the goal is to end up with a million-dollar nest egg and have an income that doesn't trigger OAS cutoff, great. If the goal is to have a much...

The IRGC are extremists. Extremists work at destabilizing the centre to tip more people over into their camp, and eventually to split a polity into two hostile factions which then throw down and decide the issue with a fight. Extremists use extremes to turn centrists into extremists, which...

Well, fuck, I can claim I know how to save $40B. Or $60B. I just need to set the threshold low enough. Anyone can claim "could save $X". Shouldn't be hard to show the work and explain exactly where the clawbacks begin (one number) and the complete cutoff happens (another number) and the...

It's right there in the acronym: the "F" in ETF is "Fund". When I invest in "funds", I buy the "funds", irrespective of how the fund managers compose them. Is it really necessary to play tedious games redefining industry-accepted terms? You write about financial advice; but most sound...

Canadians do not, mostly, suffer a crushing weight of taxes. Maybe some provincial taxpayers back east do. Canada does not have revenue problems; Canada has spending problems. Every public dollar spent does someone, somewhere, some good; and some variation of that is essentially the argument...

So far, you've approximately conceded that $1M right now is not realistic and managed to find one fund that outperformed the market. Your argument is not improving. TFSAs are helpful, but they aren't a panacea.

Define "underpowered". A WWII-era jeep ambulance capable of moving casualties at not much better than a walking pace over a jungle trail is preferable to three teams of stretcher bearers (ie. 12 people). In actual wars, wheeled unarmoured transportation doesn't often have to be very fast.

I assume there'd be some growth (interest). 7% is a reasonable number over the long term. 25%, no.

Over the past 19 years?

Total contribution limit right now is $109,000. What RoI number, repeated each year, would have gotten max contributions (each year) to $1M by now? A little over 25%?

Trajectories are rarely easy to see. Change happens slowly, then suddenly, and almost no-one sees it coming. People who claim they saw it coming are in almost all cases stopped clocks.

A nice edge case, but a useless hypothetical. Pretty much no-one is going to have $1M in a TFSA any time soon, and who knows what else will be jigged around by people looking to find money for their own spending preferences over the next few decades. What should people too young to be...

CPP is not wholly self-funded yet. Any cut proposed to an age-related benefit that has been around a long time is going to run into this perception-of-fairness problem: those who paid in for others now want their turn. No-one wants to be one of the "suckers" born into the wrong time slot who...

Sure. There isn't much that's controversial about crises being exploited for various forms of grifting. It's common knowledge that some of the countries and localities complaining about impacts of climate change and demanding some kind of financial aid are in fact suffering from...

Regardless of the magnitude of threat or benefit increased CO2 concentrations pose, a rational policy for Canada to adopt is to promote electrification and security globally. Those aims are achieved by exporting more LNG (primarily to substitute for coal in generation and for heating fuel to...