toastmeister @ toastmeister @lemmy.ca Posts 0Comments 35Joined 3 days ago
The cost of homes is mostly land value, which is like 80%-90% in large cities. Because of sprawled zoning, bureaucracy, and greenbelt. Second biggest cost is taxes.
If they funded it with taxes I would give them props. Future austerity with interest is an unsustainable program used only to drive short term votes, and is nothing like our universal healthcare, which was fully funded from the start so that it lasts.
Daylight savings time please. Call it the sleep an extra hour referendum so there's no ambiguity.
Making room for the intermittent nature of solar imposes upon the grid a large cost for backup power, adding to the levelized cost of electricity, yet this cost is never ascribed to the cost of the solar panel. The more solar you have the more idle backup power you need.
https://en.wikipedia.org/wiki/Levelized_cost_of_electricity
In France 70% of their power came from nuclear and they added renewables, they then need to throttle the nuclear power plants which is not an easy task, and they then make less money and require tax funded bailouts.
Well I mean for corporate use. Everything you use will be through a web browser and all the data will be stored on corporate servers.
Canada has had 0.7% per capita GDP growth since 2015. Which puts us 2nd last only to Luxembourg in all 38 countries of the OECD.
We elected a person who said oil needs to stay in the ground in their book, who wants to grow population at more than 450k a year (1% cap, plus births) to prop up GDP despite the current high unemployment and the severe housing shortage, and who wants to join Germany and the UK in spinning up solar and wind which clearly did not go well for either of them.
https://newsletter.doomberg.com/p/let-ed-run-it
Through that lens I could see how they could be fearful of Canada's demise, especially if we have another 10 years like the last. Gross government debt also somehow doubled since 2015 as well to achieve this lethargic growth, before subtracting pensions to create the net debt figure the government generally uses.
Then theres yesterdays Alberta separation fear with bill 54, and the fact Alberta contributes significantly more to Ottawa than any other province. As tariffs have a chance to wipe out manufacturing and you'll be asking Alberta to contribute even more to fund unemployed auto workers and the like, after some provinces block Alberta's access to new trade routes, I could see some clear catalyst for separation. Which would put Canada in a deeply negative current account balance and would be the end of Canada as we know it now.
It will all be Chromebooks and software as a service by then. Unless you work as a SaaS vendor, then it will be automatically orchestrating docker containers.
Central bank monetary policy requires that we pay 2% more for goods every year as technology makes things cheaper and we exclude asset price inflation. They construct a wall of debt via low interest rates for inelastic goods like housing in order to provide a windfall to boomers in order to force the prices of goods upwards, every new mortgage new money supply being created.
That wall of debt that is gatekeeping inelastic shelter is what poverty looks like, prices can't rise without providing new money supply, and some poor smuck holding that IOU for the first movers to consume. Blaming the rich, whose nominal asset value is inflated by this system, is a naive view; they are simply being spoon fed wealth in a desperate attempt to get them to consume a portion of it. Every bailout for any type of correction caused by an error or oversight in the system is then funneled back to them as wages are debased.
This likely explains the fanaticism around Bitcoin and gold, I think we can all see who is served by the existing system, and its definitely not the poor.
Europe broke their own procurement laws in order to choose Microsoft for the cloud, its good that tariffs were enough for them to finally follow their own laws.
We don't have open borders, so we already do disallow entry. We just used to match it to capacity, which is what I'm saying is logical to do.
So cram them into substandard housing because they deserve less rights than animals?
You're not offering a tangible answer here, the argument is situational similarity, not ontological equivalence.
If you had a zoo would you continue bringing in animals if they had no space left to live comfortably?
Likely you would call that inhumane, you wouldnt say they were being intolerant of the new animals if they did not.
we got in this morass because the neoliberal state and its accompanying economy financialized every damn thing
The problem is monetary policy, not deregulation. Deregulation of zoning and housing policy would actually prevent monetary policy from creating such a large housing bubble.
Our Bank of Canada targets a 2% inflation, which means prices need to continuously rise as technology actively reduces goods prices, and we then exclude investments and housing appreciation entirely, and we do hedonic adjustments to discount goods inflation. Then there's likely an element of shrinkflation, as company find tricks to cheapen products or degrade services, which lead to no inflation in the CPI but higher profits and then lower prices.
So the money supply needs to grow via low interest rates, in order to provide a windfall to boomers to encourage them sell their real estate holdings, to create new bank loans, to increase the money supply, which turns into aggregate demand, in order to create inflation in the CPI.
But we can't build enough houses due to reverse neo-liberalism, so housing acts as liquidity sponges for cheap debt, and people hold them as investments in perpetuity since they think prices are always going to go up. Also as interest rates fall inflation falls, as interest expense is included in the CPI while housing appreciation is not, its a feedback loop due to its poorly constructed nature. The Bank of Canada now also buys half of all mortgage bonds to attempt to reverse this, so they're actually printing money in order to cause deflation funnily enough, again due to the absurd way the CPI is constructed.
I got a 8bitdo 2c and its got bluetooth/2.4ghz and hall effect joystick for less than 30$.
Give tax credits to companies that help serve content via something like Peertube. They can use their spare capacity.
Use it for CBC as well.
AI will fix this. Everyone will have nudes of everyone, and nobody will believe anything is real.
Even watching porn will be weird, when you can only assume what youre watching is a computer trying its best to not turn the womens bumhole into a picture of a dog.
Ah I figured the monolithic kernel would make it opposite to the unix philosophy.
Doomberg, the most popular energy market substack poster, has a theory that Trump wanted Carney to win in order to push an east to west pipeline during an Alberta sovereignty crisis. It actually seems to be going all as they predicted, including Trudeau stepping down and Carney then winning the election.
Its a fun theory anyways.
The NDP started as a merger of labor party, saying they are a hero after a decade of abandoning labor seems silly to me. Thats how it ties together.
The NDP who brought us universal healthcare actually fully funded everything via taxes, the current incarnation of the NDP didnt fund a single program they created, meaning it is funded with future austerity with interest and inflation.