Yes let's keep printing money even though hospitalizations in Ontario are down to 35, ICU 15, 8 on ventilators. https://covid-19.ontario.ca/
Holy motherfuck. When my dad earlier today was like "the cases are high in Ontario", I'm like "back on May 5th there were 1043 COVID hospitalizations in Ontario, now there's only 35." This is literal fact. God forbid if our hospitalizations go up a little more while our economy re-opens more. He was shocked to hear that hospitalizations dropped 96.64% in 3 1/2 months. Because he watches CNN and CNN is terrifying the shit out of Canadians. My dad is a fucking Progressive Conservative supporter in the burbs and wants low taxes and all that. The media is scaring the shit out of people.
And tbh back in March when I saw Northern Italy run out of ventilators and motherfuckas lying on the floor in Spain because they ran out of beds, I was terrified at first because I didn't want my dad (whose in his early 70s and has cancer) to get this and die an earlier death.
But we crushed the curve and people are still losing their minds with fear.
There is such a thing as rational fear and irrational fear. Fear has led to people demanding that their government sabotage the economy and sacrifice the young for the elderly and sick.
I am not one to suck corporate cock. If anything I am a left-leaning libertarian. Not a hardcore Ancap or anything like that. But not an Antifa type of left libertarian (which is an oxymoron since even if Antifa didn't want a state, they want the group mob to exert force on the individual).
But how can anyone think that massive unemployment, tons of businesses (especially small businesses) going bankrupt, social isolation of the young, no social lives, no sex lives for the young, small children growing up retarded without peer social interaction and in-class instruction and massive printing of money to fund it all is a good thing for society?
I was for the lockdown and social distancing and all that back in March. I wore a mask voluntarily since March. But now I'm all like "alright we crushed the fucking curve, can we go back to some semblance of normal now?"
Yeah my family has gone COVID crazy and it's driving me nuts. The irony of all this is that I was the one who was going crazy about COVID first when I saw what was going on in Milan in March. I follow the statistics closer than anyone in my family. I have the Excel spreadsheets to prove it. I used to day trade a lot, I invested in crypto before it became mainstream, I used to bet on sports, used to play poker so I am really into statistics, data, probability, etc.
And I pushed back very strongly against people who said it was just a flu bro. The flu has never led to Northern Italy hospitals running out of ICU beds and ventilators since the Spanish Flu. I was angry at people who downplayed the severity of the virus. And I don't believe the Italian government fabricated the footage in the hospitals and the rows upon rows of coffins. I'm not a conspiracy theorist. And yes it is a bad thing to run out of hospital beds, especially ICU beds. Ventilators we now know are kind of like a meme. I guess they are sometimes necessary but I think it's clear now that ventilators were over-used in the spring. Hospitals are putting people on ventilators less often now and surprise, surprise, people are dying less. Science is constantly evolving. And for some reason, after many decades of treating respiratory illness like influenza and other coronaviruses, the scientists didn't realize until now that ventilators were fucking killing motherfuckas.
Thing is within the past 5+ months things have went from "let's not become Milan guise to we need to have 0 cases until there's a vaccine." And then when there's a vaccine, people will bitch that it's not 100%.
Who are all of these people that can afford a near-permanent shutdown.
I had a spat with someone on youtube about this. Their reply was "muh basic income." Yes lets just print a shit load of money and devalue the shit out of our Canadian Dollar over a virus that barely hospitalizes many people anymore. It's a fucking miracle that the Canadian Dollar recovered all of its losses vs the US Dollar in the last 6 months. Because the Federal Reserve also printed a shit load of money. But if you bought Gold in February instead of holding those Canadian Dollars, you'd be way richer right now. The Swedish Krona rose in value relative to the Dollars and Euro precisely because Sweden didn't kneecap their economy.
While I have been in favor of a basic income for the past 5 years to replace means-tested welfare, I think it's a fucking terrible idea to make it illegal for a large portion of our population to fucking work on top of having a basic income. lol.
Lockdown skepticism doesn't have to be about sucking corporate cock and I hate how this is the narrative that is pushed by liberals. There are so many other problems caused by the lockdown. And you have to feel for the small business people that invested their life savings into their business and then their life's work went up in smoke within a span of <5 months because of the lockdown. You have to feel for the people who hate living on $2,000/month before taxes and had to downscale their lifestyle significantly because it was illegal for them to continue working their job during the pandemic. And now that things re-opened, many businesses became bankrupt anyways and so many people are not being re-hired and have lost their jobs permanently. Small business owners are regular ordinary people like you and me. But OGFT is all like "fuck the petit-bourgeoisie, fuck their life savings, fuck those assholes."
Not all UBI proposals are created equal. The Canadian government's proposal is just flat-out retarded. When you're giving people $400/week, that's $20,800/year, you can't do this 50% clawback shit. The clawback should be 100% when the benefit is THAT large.
I know the common retort will be that people will not have any incentive to work if their EI gets clawed back at 100%. But the thing is: EI is not permanent. EI is temporary. The EI will run out after 26 weeks. In Ontario the unemployment rate is 12.3% and you have to compete with a bunch of other people for a dwindling number of jobs. If you just sit on your ass collecting EI for 26 weeks without looking for a job, there may not be a job waiting for you after your EI is over. So yes you bet there ass that there is an incentive to work even if you get $400/week EI with 100% clawback. You don't want to end up joining the growing segment of chronically unemployed in Canada.
The 50% shit makes more sense when we're talking about the benefits of basic income vs. means-tested welfare. Means-tested welfare often makes people scared of taking a job because if they get fired or have their hours cut soon after taking a job, they have no safety net to fall back onto. And with smaller amounts. A $400/week UBI with a 50% clawback would be insane. It would mean that you would receive at least some money from the government until you make $800/week. And wouldn't pay a dime of tax until $800/week. You'd have to raise taxes on the rich or money printer go brrrtt to pull this off. Because you can bet your ass the middle class wont pay those taxes. And they shouldn't have to.
If you don't want to do 100% clawback with gig workers, make the EI benefit for gig workers $230.77/week with 50% clawback on market income. Once a gig worker makes $24,000/year market income, they no longer qualify for EI with this system.
Yes let's keep printing money even though hospitalizations in Ontario are down to 35, ICU 15, 8 on ventilators. https://covid-19.ontario.ca/
Holy motherfuck. When my dad earlier today was like "the cases are high in Ontario", I'm like "back on May 5th there were 1043 COVID hospitalizations in Ontario, now there's only 35." This is literal fact. God forbid if our hospitalizations go up a little more while our economy re-opens more. He was shocked to hear that hospitalizations dropped 96.64% in 3 1/2 months. Because he watches CNN and CNN is terrifying the shit out of Canadians. My dad is a fucking Progressive Conservative supporter in the burbs and wants low taxes and all that. The media is scaring the shit out of people.
And tbh back in March when I saw Northern Italy run out of ventilators and motherfuckas lying on the floor in Spain because they ran out of beds, I was terrified at first because I didn't want my dad (whose in his early 70s and has cancer) to get this and die an earlier death.
But we crushed the curve and people are still losing their minds with fear.
There is such a thing as rational fear and irrational fear. Fear has led to people demanding that their government sabotage the economy and sacrifice the young for the elderly and sick.
I am not one to suck corporate cock. If anything I am a left-leaning libertarian. Not a hardcore Ancap or anything like that. But not an Antifa type of left libertarian (which is an oxymoron since even if Antifa didn't want a state, they want the group mob to exert force on the individual).
But how can anyone think that massive unemployment, tons of businesses (especially small businesses) going bankrupt, social isolation of the young, no social lives, no sex lives for the young, small children growing up retarded without peer social interaction and in-class instruction and massive printing of money to fund it all is a good thing for society?
I was for the lockdown and social distancing and all that back in March. I wore a mask voluntarily since March. But now I'm all like "alright we crushed the fucking curve, can we go back to some semblance of normal now?"
Yeah my family has gone COVID crazy and it's driving me nuts. The irony of all this is that I was the one who was going crazy about COVID first when I saw what was going on in Milan in March. I follow the statistics closer than anyone in my family. I have the Excel spreadsheets to prove it. I used to day trade a lot, I invested in crypto before it became mainstream, I used to bet on sports, used to play poker so I am really into statistics, data, probability, etc.
And I pushed back very strongly against people who said it was just a flu bro. The flu has never led to Northern Italy hospitals running out of ICU beds and ventilators since the Spanish Flu. I was angry at people who downplayed the severity of the virus. And I don't believe the Italian government fabricated the footage in the hospitals and the rows upon rows of coffins. I'm not a conspiracy theorist. And yes it is a bad thing to run out of hospital beds, especially ICU beds. Ventilators we now know are kind of like a meme. I guess they are sometimes necessary but I think it's clear now that ventilators were over-used in the spring. Hospitals are putting people on ventilators less often now and surprise, surprise, people are dying less. Science is constantly evolving. And for some reason, after many decades of treating respiratory illness like influenza and other coronaviruses, the scientists didn't realize until now that ventilators were fucking killing motherfuckas.
Thing is within the past 5+ months things have went from "let's not become Milan guise to we need to have 0 cases until there's a vaccine." And then when there's a vaccine, people will bitch that it's not 100%.
I had a spat with someone on youtube about this. Their reply was "muh basic income." Yes lets just print a shit load of money and devalue the shit out of our Canadian Dollar over a virus that barely hospitalizes many people anymore. It's a fucking miracle that the Canadian Dollar recovered all of its losses vs the US Dollar in the last 6 months. Because the Federal Reserve also printed a shit load of money. But if you bought Gold in February instead of holding those Canadian Dollars, you'd be way richer right now. The Swedish Krona rose in value relative to the Dollars and Euro precisely because Sweden didn't kneecap their economy.
While I have been in favor of a basic income for the past 5 years to replace means-tested welfare, I think it's a fucking terrible idea to make it illegal for a large portion of our population to fucking work on top of having a basic income. lol.
Lockdown skepticism doesn't have to be about sucking corporate cock and I hate how this is the narrative that is pushed by liberals. There are so many other problems caused by the lockdown. And you have to feel for the small business people that invested their life savings into their business and then their life's work went up in smoke within a span of <5 months because of the lockdown. You have to feel for the people who hate living on $2,000/month before taxes and had to downscale their lifestyle significantly because it was illegal for them to continue working their job during the pandemic. And now that things re-opened, many businesses became bankrupt anyways and so many people are not being re-hired and have lost their jobs permanently. Small business owners are regular ordinary people like you and me. But OGFT is all like "fuck the petit-bourgeoisie, fuck their life savings, fuck those assholes."
Not all UBI proposals are created equal. The Canadian government's proposal is just flat-out retarded. When you're giving people $400/week, that's $20,800/year, you can't do this 50% clawback shit. The clawback should be 100% when the benefit is THAT large.
I know the common retort will be that people will not have any incentive to work if their EI gets clawed back at 100%. But the thing is: EI is not permanent. EI is temporary. The EI will run out after 26 weeks. In Ontario the unemployment rate is 12.3% and you have to compete with a bunch of other people for a dwindling number of jobs. If you just sit on your ass collecting EI for 26 weeks without looking for a job, there may not be a job waiting for you after your EI is over. So yes you bet there ass that there is an incentive to work even if you get $400/week EI with 100% clawback. You don't want to end up joining the growing segment of chronically unemployed in Canada.
The 50% shit makes more sense when we're talking about the benefits of basic income vs. means-tested welfare. Means-tested welfare often makes people scared of taking a job because if they get fired or have their hours cut soon after taking a job, they have no safety net to fall back onto. And with smaller amounts. A $400/week UBI with a 50% clawback would be insane. It would mean that you would receive at least some money from the government until you make $800/week. And wouldn't pay a dime of tax until $800/week. You'd have to raise taxes on the rich or money printer go brrrtt to pull this off. Because you can bet your ass the middle class wont pay those taxes. And they shouldn't have to.
If you don't want to do 100% clawback with gig workers, make the EI benefit for gig workers $230.77/week with 50% clawback on market income. Once a gig worker makes $24,000/year market income, they no longer qualify for EI with this system.
Oh yeah that's right, I am going to login to my CRA account to make sure it wasn't hacked. lmao. Holy shit.
End these shit handouts yesterday. Don't extend them. Sad!