Trudeau resigns.

[Red Squirrel]

Lots of text for something that boils down to "you're living above your means".

End of discussion.

The problem is my "means" have not changed. I was doing fine before because costs of living were not as high so I had way more disposable income. It's inflation that's the issue. That's kind of my point. We are expected to keep sacrificing more and more or make drastic life changes just to try to keep up. It's a shitty system our our current government has accelerated it with their endless spending and money printing. The conservatives want to slow this down and actually help people.


He explains it in terms you will all understand:

 

[fskimospy]

The problem is my "means" have not changed. I was doing fine before because costs of living were not as high so I had way more disposable income. It's inflation that's the issue. That's kind of my point. We are expected to keep sacrificing more and more or make drastic life changes just to try to keep up. It's a shitty system our our current government has accelerated it with their endless spending and money printing. The conservatives want to slow this down and actually help people.


He explains it in terms you will all understand:

Canada currently has one of the lowest inflation rates in the G20.

 

[sdifox]

I like how the channel is Bible Believers' Hub. Maybe they should believe The Lord will provide and stop being subsidized.

 

[Red Squirrel]

Canada currently has one of the lowest inflation rates in the G20.

Actual costs of living are still very high, and keep going up each year, and never came down from the previous years when it was very high. Just got my statements from the city, water bill went up again, over $126/mo now. Tax bill went up, $375 now. Every single year. This all adds up over many years.

Inflation rate is only the rate at which it goes up, just because the rate goes down does not mean the costs go down. Imagine in they brought sales tax up by 2% every year. Well that's basically what inflation is. If one year it's low, it doesn't change the fact that all the other years it was high.

Also they don't consider every cost of living as part of inflation. I can't seem to find the list of what is included but I recall someone mentioning that things like home heating are not even considered in it. They kind of pick and choose to try to make the number not look too bad. Natural gas doubled a couple years ago. Managed to bring that down now with the wood stove though.

 

[KMFJD]

I like how the channel is Bible Believers' Hub. Maybe they should believe The Lord will provide and stop being subsidized.

the Jesus from my bible classes would have whipped all conservatives with impunity like he did at the cleansing of the temple....

 

[JD50]

Actual costs of living are still very high, and keep going up each year, and never came down from the previous years when it was very high. Just got my statements from the city, water bill went up again, over $126/mo now. Tax bill went up, $375 now. Every single year. This all adds up over many years.

Inflation rate is only the rate at which it goes up, just because the rate goes down does not mean the costs go down. Imagine in they brought sales tax up by 2% every year. Well that's basically what inflation is. If one year it's low, it doesn't change the fact that all the other years it was high.

Also they don't consider every cost of living as part of inflation. I can't seem to find the list of what is included but I recall someone mentioning that things like home heating are not even considered in it. They kind of pick and choose to try to make the number not look too bad. Natural gas doubled a couple years ago. Managed to bring that down now with the wood stove though.

Jesus Christ, the stupidity. Sales tax already takes inflation into account BECAUSE it's percentage based. The price of goods go up and the taxes collected also goes up because the sales tax takes a PERCENTAGE of that.

Yes congratulation you've just now learned that the cost of living rises every year, as it always has. That's why cost of living raises are a thing. I'm sure putting pro business politicians in office will increase the cost of living raises that business give out

 

[fskimospy]

Actual costs of living are still very high, and keep going up each year, and never came down from the previous years when it was very high. Just got my statements from the city, water bill went up again, over $126/mo now. Tax bill went up, $375 now. Every single year. This all adds up over many years.

Inflation rate is only the rate at which it goes up, just because the rate goes down does not mean the costs go down. Imagine in they brought sales tax up by 2% every year. Well that's basically what inflation is. If one year it's low, it doesn't change the fact that all the other years it was high.

Also they don't consider every cost of living as part of inflation. I can't seem to find the list of what is included but I recall someone mentioning that things like home heating are not even considered in it. They kind of pick and choose to try to make the number not look too bad. Natural gas doubled a couple years ago. Managed to bring that down now with the wood stove though.

I can't speak for Canada but in my experience in the US inflation truthers have been wrong 100% of the time. You're most likely wrong here too. Regardless, no government will cause the deflation you're asking for and you should be very glad they do not as that would lead to a massive economic catastrophe.

Since deflation is a catastrophe and inflation is low now what exactly are you expecting to happen?

 

[IronWing]

I can't speak for Canada but in my experience in the US inflation truthers have been wrong 100% of the time. You're most likely wrong here too. Regardless, no government will cause the deflation you're asking for and you should be very glad they do not as that would lead to a massive economic catastrophe.

Since deflation is a catastrophe and inflation is low now what exactly are you expecting to happen?

Red wants year 2000 prices and his current salary. I want prices to what they were when I was seven years old and my current salary too but it would be stupid to base my voting on that desire.

 

[Red Squirrel]

Jesus Christ, the stupidity. Sales tax already takes inflation into account BECAUSE it's percentage based. The price of goods go up and the taxes collected also goes up because the sales tax takes a PERCENTAGE of that.

Yes congratulation you've just now learned that the cost of living rises every year, as it always has. That's why cost of living raises are a thing. I'm sure putting pro business politicians in office will increase the cost of living raises that business give out

And this is a problem, because it squeezes us more every single year, that's basically what I've been saying. It means we have less and less disposable income unless we work harder. Either get a higher end job, or a second job, or work more hours etc. This is a problem, and is not sustainable.

I'm lucky that I make good money so I still have a BIT of wiggle room, but lot of people aren't. Still I had way more wiggle room in the early 2000's.

Northern Ontario homelessness grows by 204%: report

Released Thursday, AMO highlighted their Study of Homelessness in Ontario, which concludes that in 2024, there were 80,000 homeless people in the province.

www.saultstar.com

 

[[DHT]Osiris]

Actual costs of living are still very high, and keep going up each year, and never came down from the previous years when it was very high. Just got my statements from the city, water bill went up again, over $126/mo now. Tax bill went up, $375 now. Every single year. This all adds up over many years.

Inflation rate is only the rate at which it goes up, just because the rate goes down does not mean the costs go down. Imagine in they brought sales tax up by 2% every year. Well that's basically what inflation is. If one year it's low, it doesn't change the fact that all the other years it was high.

Also they don't consider every cost of living as part of inflation. I can't seem to find the list of what is included but I recall someone mentioning that things like home heating are not even considered in it. They kind of pick and choose to try to make the number not look too bad. Natural gas doubled a couple years ago. Managed to bring that down now with the wood stove though.

Inflation doesn't go down. That's the definition of inflation, otherwise it'd be deflation which is very, very bad. The idea is that the currency gradually inflates, and the people increase their buying power at a higher rate than inflation, either from increases wages or increased efficiency. More often than not it's imbalanced in some way, which one of the governments jobs is to manage that, either through regulation, stimulus, or both

 

[fskimospy]

And this is a problem, because it squeezes us more every single year, that's basically what I've been saying. It means we have less and less disposable income unless we work harder. Either get a higher end job, or a second job, or work more hours etc. This is a problem, and is not sustainable.

I'm lucky that I make good money so I still have a BIT of wiggle room, but lot of people aren't. Still I had way more wiggle room in the early 2000's.

Northern Ontario homelessness grows by 204%: report

Released Thursday, AMO highlighted their Study of Homelessness in Ontario, which concludes that in 2024, there were 80,000 homeless people in the province.

www.saultstar.com

Wages in Canada are outpacing inflation so for the average person they have more disposable outcome.

So again, what exactly do you want here?

 

[Red Squirrel]

Inflation doesn't go down. That's the definition of inflation, otherwise it'd be deflation which is very, very bad. The idea is that the currency gradually inflates, and the people increase their buying power at a higher rate than inflation, either from increases wages or increased efficiency. More often than not it's imbalanced in some way, which one of the governments jobs is to manage that, either through regulation, stimulus, or both

It also means that our currency keeps losing it's value with no end in sight, that's not a good thing.

 

[[DHT]Osiris]

It also means that our currency keeps losing it's value with no end in sight, that's not a good thing.

That's actually a feature of a successful economy. It lessens the effects of our debt (nationally as well as personally), as well as prevents draconic families from hoarding wealth over generations.

 

[fskimospy]

That's actually a feature of a successful economy. It lessens the effects of our debt (nationally as well as personally), as well as prevents draconic families from hoarding wealth over generations.

Not to mention if the value of your currency went up every year that would be a great incentive to never buy anything, setting the economy on a doom loop.

This is of course why every country on earth avoids deflation like the plague.

 

[Red Squirrel]

Not to mention if the value of your currency went up every year that would be a great incentive to never buy anything, setting the economy on a doom loop.

This is of course why every country on earth avoids deflation like the plague.

That argument is so stupid. You still have to pay your bills, that's where the majority of spending happens, you can't just put that off. But if bills were cheaper it would mean we would have way more disposable income to buy things we don't need, but want.

And if you want something, well you'll buy it because you want it, and if you have more disposable income it will also be easier to buy it, without having to save up for a long time or put it on credit. For example if half your income is now free to do whatever you want with, and you want a nice car, then why would you wait? Enjoy it now if you can afford it.

One of the few things that is not affected by inflation is electronics. TVs, computers etc keep getting cheaper, but people still buy them.

 

[fskimospy]

That argument is so stupid. You still have to pay your bills, that's where the majority of spending happens, you can't just put that off. But if bills were cheaper it would mean we would have way more disposable income to buy things we don't need, but want.

And if you want something, well you'll buy it because you want it, and if you have more disposable income it will also be easier to buy it, without having to save up for a long time or put it on credit. For example if half your income is now free to do whatever you want with, and you want a nice car, then why would you wait? Enjoy it now if you can afford it.

One of the few things that is not affected by inflation is electronics. TVs, computers etc keep getting cheaper, but people still buy them.

This is not how economics works. You seem to be under the delusion that in your scenario everything would be cheaper but we would all be making the same money. This is…extremely not true.

Your spending is my income and my spending is your income. If I suddenly start paying you a lot less in rent your income goes down, meaning you need to tighten your belt, driving my income down. I then need to tighten mine, further driving your income down. That’s the deflation doom loop.

Make sense now why that’s bad?

 

[[DHT]Osiris]

One of the few things that is not affected by inflation is electronics. TVs, computers etc keep getting cheaper, but people still buy them.

Huh? That was true like 15-20 years ago, to a point.. but every year, phones are more expensive, most computer components are more expensive, tvs tend to come down in price for existing tech but the flagship stuff keeps getting more expensive as well.

I'll also point out that everything actually gets more expensive in almost all cases with tech, if things seem cheaper it's because the cost is being carved out somewhere, either in quality of components or manufacturing process. The spend you have to make to get 10+ year components is higher now than 15-20 years ago.

 

[brycejones]

That argument is so stupid. You still have to pay your bills, that's where the majority of spending happens, you can't just put that off. But if bills were cheaper it would mean we would have way more disposable income to buy things we don't need, but want.

And if you want something, well you'll buy it because you want it, and if you have more disposable income it will also be easier to buy it, without having to save up for a long time or put it on credit. For example if half your income is now free to do whatever you want with, and you want a nice car, then why would you wait? Enjoy it now if you can afford it.

One of the few things that is not affected by inflation is electronics. TVs, computers etc keep getting cheaper, but people still buy them.

Productivity gains are what brings incases in real wages (aka wages growing faster than inflation). Humans have amazing abilities to figure out how to do shit faster and cheaper.

The biggest problem is most of those gains have been flowing to very few people for the last half century instead of to workers. Hence you feel squeezed.

By your own admission your job is pretty easy for you. Maybe take on something that pays better?

 

[sdifox]

Squirrelnomics, actually dumber than Reaganomics.

 

[Red Squirrel]

Productivity gains are what brings incases in real wages (aka wages growing faster than inflation). Humans have amazing abilities to figure out how to do shit faster and cheaper.

The biggest problem is most of those gains have been flowing to very few people for the last half century instead of to workers. Hence you feel squeezed.

By your own admission your job is pretty easy for you. Maybe take on something that pays better?

I make good money already it's just inflation is hitting harder each year. This is affecting everyone not just me. There really is not much that pays better unless I want to completely change field and start from scratch, which means losing my vacation weeks, starting at a lower salary etc. The mines pay a bit more, but even they are feeling the squeeze. Lot of layoffs going on and rumours about some closures.

I'm at the highest paying tier in the company. Equivalent jobs at other companies pay a fraction too. IT/tech is all going cloud now, so there's not as many good jobs as there used to be. Even my company which used to sell lot of IT services has pretty much stopped selling those products. There's no market for it anymore.

I have a few ideas in mind for a side gig, some of which are gray area as they would probably be a conflict of interest but some are completely non tech related like maybe doing drywall or something as it's one of few trades that don't require a license, but that will only hold me over for so long as COL will just keep going up more and more. Trades is tough too though, because costs of materials keep going up as well so you're not making as much per job.

Either way at the end of the day it all boils down to having to work harder and harder to be able to maintain the same standard of living.

 

[fskimospy]

I make good money already it's just inflation is hitting harder each year. This is affecting everyone not just me. There really is not much that pays better unless I want to completely change field and start from scratch, which means losing my vacation weeks, starting at a lower salary etc. The mines pay a bit more, but even they are feeling the squeeze. Lot of layoffs going on and rumours about some closures.

I'm at the highest paying tier in the company. Equivalent jobs at other companies pay a fraction too. IT/tech is all going cloud now, so there's not as many good jobs as there used to be. Even my company which used to sell lot of IT services has pretty much stopped selling those products. There's no market for it anymore.

I have a few ideas in mind for a side gig, some of which are gray area as they would probably be a conflict of interest but some are completely non tech related like maybe doing drywall or something as it's one of few trades that don't require a license, but that will only hold me over for so long as COL will just keep going up more and more. Trades is tough too though, because costs of materials keep going up as well so you're not making as much per job.

Either way at the end of the day it all boils down to having to work harder and harder to be able to maintain the same standard of living.

The rest of Canada is on average seeing wage gains that exceed the rate of inflation.

If you aren’t then your issue is with your job.

 

[hal2kilo]

Red wants year 2000 prices and his current salary. I want prices to what they were when I was seven years old and my current salary too but it would be stupid to base my voting on that desire.

These morons have never lived through an inflation before. No prices except for a few exceptions ever go down to where they were before. Still waiting for them to stop going up.

 

[fskimospy]

These morons have never lived through an inflation before. No prices except for a few exceptions ever go down to where they were before. Still waiting for them to stop going up.

This is a big issue. People see their higher salary as something they earned but prices rising as something unfair done to them.

 

[Red Squirrel]

But higher salaries ARE earned. They are obtained via getting a promotion or moving to a job that's harder or has higher requirements, which means you are taking on more responsibility and working harder. The problem with inflation is that it basically devalues our work. You try to get ahead, but you're not really getting ahead. Same with investing. You can put a bit of money on the side to invest, but whatever gains you got over many years just get offset by inflation. Inflation is a bad thing. Only the rich and the government benefit from it.

 

[fskimospy]

But higher salaries ARE earned. They are obtained via getting a promotion or moving to a job that's harder or has higher requirements, which means you are taking on more responsibility and working harder. The problem with inflation is that it basically devalues our work. You try to get ahead, but you're not really getting ahead. Same with investing. You can put a bit of money on the side to invest, but whatever gains you got over many years just get offset by inflation. Inflation is a bad thing. Only the rich and the government benefit from it.

That is, once again, simply not true. Cost of living raises are very common and if you don’t know this I don’t know what to tell you.

Also inflation in the aggregate helps net debtors as it reduces the real value of their debt. One of the primary advantages of the 30 year mortgage is your payment is the same in year 30 as it is in year 1, and inflation helps that a lot.

Low, sustained inflation is a great thing. Deflation as you claim to want is a global catastrophe for the exact reason I explained and that you ignored.