• 2 Posts
  • 102 Comments
Joined 1 year ago
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Cake day: June 19th, 2023

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  • If someone owns a billion dollar company (based on the price of their shares of stock) we call them a billionaire but they might not have very much money in cash (say a few million).

    And yet…

    The moment shares are used as a source of value to leverage, they should be taxed on that assessed value. Because this is also how so many of the wealthy can get away with “$0 income” - they are “paid” in shares, then turn around and use those shares to get loans from the bank to pay their living expenses. They essentially leverage shares for tax-free income.

    If any and all leverage on shares are taxed on that assessed leverage, the Parasite Class would no longer have any way to shield their obscene wealth from taxation.



  • Point very well made.

    These days, many conservatives seem to have taken a break from reality, preferring to focus on ideologies and ideas that have no connection to the real world.

    Even many of the things they accuse progressives of, we’re just standing there with confusion and befuddlement going, “that’s nowhere near an accurate characterization of this thing. What TF are you smoking?”

    Like that one bit in the comment that lashed out against cross dressers - WTF??


  • rekabis@lemmy.catoCanada@lemmy.caCanada is not broken.
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    11 days ago

    I can still see that comment in my inbox, and even if you remove the racist aspect, it is still deeply problematic from any position that faces a “facts and science” direction.

    Because even if we ignore the fact that we have blown 4× past our planet’s safe and healthy carrying capacity that still allows maximum health and resiliency in ecosystems (as in, let’s ignore the fact that the planet could benefit immediately and immensely by losing 3 out of every 4 humans), there is then the question of why people aren’t having children… and again, it comes right back down to conservative policies of eliminating social safety nets, taking the burden of taxation away from the Parasite Class to place it onto the working class, and “freeing the market” to capitalist shenanigans that have caused home values and other costs to skyrocket and wages & benefits to erode.

    People aren’t having children because it has become fiscally irresponsible to do so. And not just mildly fiscally irresponsible, but prohibitively so. From the 40s to the 80s, a couple needed only a few short years (or none at all, if the man had already established himself in the workplace) to afford starting a family. Homes were well within reach of even minimum wage workers, in that brand new homes in many regions were not that much beyond the other half of the one-third rule of, “a purchased home should not be more than 3× annual wage”. My own detached, single-family, split-level house was built in 1972, when the minimum wage was $2/hr, or $40k/yr. It sold in that year for only $15,900. That’s only 4× more than MINIMUM wage.

    Now? In my tiny corner, in a tourist town 3+ hrs from the nearest metro region, median-value homes are 29× that of minimum wage, and 25× of the median income. Remember - median means middle… half of all working-class adults earn more than the median income, half of all working-class adults earn less. There is no way a couple can afford a stable foundation on which to build a family without dedicating several decades to the task before a baby even arrives.

    And all this comes from Conservative “let the market decide” policies. I could enumerate all the triggers - such as corporations whose only purpose is to come in, buy up as much of a neighbourhood as possible, then rent the houses back out for as much as the market will bear to maximize their profit margins, thereby denying people an exit and leaving them locked-in as lifetime renters - but that would involve hitting Lemmy’s content limitations several times over.


  • rekabis@lemmy.catoCanada@lemmy.caCanada is not broken.
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    11 days ago

    Seriously? I’m being down voted? Why?

    Because you are being a hypocrite, and espousing pretty much the opposite of what conservatism stands for.

    Conservatism is all about the upward flow of wealth, from the working class to the parasite class. Why else would conservatives defund social safety nets yet also cut taxes - but only for the wealthy? Even the recent “axe the tax” movement to cut the carbon tax will hurt working-class Canadians, and provide a financial boon to the Parasite Class, who are being hurt the most by the carbon tax.

    In no single jurisdiction on the planet are conservatives “for the working class”. They are all about corporate interests; killing off unions to benefit the wealthy and powerful, re-implementing child labour, eliminating safety laws that protect workers, and doing everything to make the rich even richer at the expense of everyone else.

    You want to protect working-class Canadians? You want to fight against corporatism? You want a healthy ecosystem for your grandchildren to enjoy? You want a strong social safety net that promotes healthy and strong communities? You want stronger worker protections and healthy wages that let everyone flourish, and not just the Parasite Class?

    Vote NDP. Because they are the only party trying to do this.




  • The fact that the deceased man had his hands and feet tied at the time of his death has led many in the public, including investigators, to treat the death as murder.

    So, not immediately being dismissed as a suicide?

    Amazing.

    Belgian investigators might actually be rubbing more than two functional neurons together, and are realizing how stupid they would look if they actually punted the suicide angle.

    Officials, however, continue their illustrious tradition of running entirely functional-neuron-free.


  • This cop could do with some improvement. Dont paint all members of a group with the same brush, and someone isn’t a bastard just because they made one mistake.

    You know what you get when you mix a bowl of shit into a bowl of honey?

    Two bowls of shit.

    One bad apple that isn’t immediately kicked out means that all the apples are bad. If their training to become a police officer didn’t teach them to avoid being a racist piece of shit, then no amount of “rehabilitation” will ever change that.

    ACAB.




  • rekabis@lemmy.catoCanada@lemmy.caPierre's dreams
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    2 months ago

    Liberals and Conservatives are actively pushing late stage capitalism.

    Because the Liberals, the CPC, and its openly racist little brother the PPC, are all right-wing parties.

    Now granted, the CPC is hard-right and the PPC is full-blown alt-right, but yes – the Liberals are right-lite. Almost none of their elected members are even centrists, much less left of centre.

    You want a leftist party that actually cares about the common man? Try the NDP, both provincial and federal.


  • His router is tri-band though meaning it has 2 5ghz transceivers.

    Unfortunately, for many models - like the Linksys WRT 3200ACM - that second antenna (technically the third one if you include the 2.4Ghz one) doesn’t function at all without the manufacturer’s firmware. It’s a dead stick with any third-party firmware, and is 100% software-enabled.

    I have found this fact to be reliable whether it is DD-WRT or OpenWRT, and across several different manufacturers including Asus and D-Link.





  • Our civilization demands that I be profitable to a parasite who leeches a majority of my labour’s value in order to accumulate obscene levels of wealth.

    Without exorbitant amounts of time spent maintaining that profitability, I will end up poor, homeless, and eventually dead from exposure. This leaves vanishingly little time to spend on open source work, regardless of how intellectually and ethically attractive it may be.



  • The homeless “problem” is a direct outgrowth of the housing crisis.

    The housing crisis is a direct outgrowth of housing “investors” jacking up prices and rents for 25+ consecutive years without a clear market crash.

    The housing crisis can only be resolved with a return to affordability.

    A return to affordability would see a housing crash of about 68% Canada-wide, with some markets (Vancouver, Kelowna, etc.) seeing valuation drops of 85% or more.

    Remember: the one-third rule states that median housing payments (rent or mortgage) should not be more than one-third of median monthly income, but it also states that median home values should not be more than 3× median annual income.

    The second half of that rule indicates that current home values in Kelowna alone - where median home values are just shy of $1M but median incomes as of the 2021 Statistics Canada poll are $35K - means that housing here is 28× that of annual income, or 9× more expensive than it should be.

    So for a city like Kelowna to return to a sane and healthy housing market, values would have to crash by a MINIMUM of 89%.

    This is what parasitical “investors” - mostly Greatest Generation and Boomers, but as of late no small number of GenX’ers - have done to the housing market.

    This is why we are seeing a homeless crisis.