Literally creating a SWF
>>534048037happy 4 u
>>534048037That means we need more elite human capital Only racists disagree
>>534048037Lol, no it isnt.Nice delusions of grandeur.
>>534048134Canada actually already has an abundance of elite human capital, in fact it has so many highly educated people they can't find jobs. They're trying to retrain University students who have engineering degrees in stuff like plumbing.
We'll just borrow money from private chartered banks to drop into a fund> see how smart this banker is
>>534048037We have no surplus to put into a fund unlike every other country or jurisdiction with a similar thing
>>534048037lmao i presented this and they stole my ideathey are not going to implement it like i suggested to them. which means it won't work.
>>534048349It's called financial leverage, if you were educated you'd understand why.If you can borrow at 2.5% and invest at 10.5%... that 8% is pure profit. As Canada builds its SWF, it can used the proceeds to fund the Federal Government as a substitute for taxation.
>>534048037It isn't a sovereign wealth fund. It is a slush fund for corpos filled with debt at the expense of Canadians.
>>534048403You can still build a fund while having debt. Singapore and Norway do have national debts despite having SWFs. If the SWF generates a higher ROI than the interest on the debt, it can be a good idea.If I have a mortgage that's 2.5% for 30 years, it would make no sense to pay it off when I can buy stocks yielding 8-10% a year.
>>534048037Lame and gay. It's not an actual SWF like for example Norway.
>>534048403In fact, if i could continue to borrow at 2.5%, it would even make sense to continue to borrow money every year and invest more.>>534048456I have suggested this too when I was younger. How did you suggest it differently.>>534048498Proof?
>>534048627How is it not an actual SWF?
>>534048486see circular investing
>>534048683Not always a bad thing.If owe $400k to TD Bank for my mortgage, and my mortgage is 2.5% annually, and instead of paying back my mortgage, I buy TD Bank stock which has a 5% and growing dividend. I'm arbitraging profits, even though I'm reinvesting back into the same entity that loaned me money.
>>534048574It will just be the state putting the people on the hook for debt and inflation so massive amounts of money can be funneled into pet projects of the oligarchy. There will be no ROI. Just failed green projects and zombie corporations. It is another way for the globalist oligarchs to fleece the country. We are in the looting state of collapse.
>>534048037After the shitshow that is tradeau leafs finally got a leader that looks actually competent. I can only hope it's not too late
>>534048806If the SWF has a mandate to maximize return, not invest in ESG or political bullshit, that's the best outcome. That way the State can maximize revenue, and use that to subsidize whatever project they want on the side. For example, they could use the revenue from the SWF to fund tax cuts to green energy or some shit (if they want to).Idealistically, I'd like for us to eventually create a tax-free Canada, at least on the Federal Level. Imagine if the entire Federal Government could be funded with just dividend income from the SWF.
>>534048834Godspeed anon.
>>534048037Unemployment rate status?Jeet population status?
>>534049186Unemployment has increased, like it is everywhere, it's a global economic trend.That said, Carney is also taking steps to combat unemployment. He's launching a huge new-deal tier program to mass-construct housing units, putting NEET Canadians back to work and offering them free training for things like construction, plumbing, HVAC, and shit so they can work on this new construction apparatus. He's also investing billions into new State owned export terminals and ports to boost our export market.He's deported lots of JEETS, we actually have net remigration for the first time in ages.
>>534048037Borrowing from banks to try and build shit when all that money is going to be squandered and there will basically be no return of investment meaning they will have to just print shitloads of money and cause hyper inflation is not a good idea.
>>534049591>Borrowing from banks to try and build shit when all that money is going to be squandered aYou're thinking of a totally different thing. That project is separate to the SWF.But no, it's not squandering the money. The money will be used to build export terminals, ports, and housing units.The export termainls will boost our export markets, and the housing units will lower the cost of labor by lowering rent prices for Canadian workers. It will be much easier for businesses to thrive when workers aren't demanding as high wages (due to lower rents), and it's easier to get shit exported because of the ports.Not to mention, these projects will create so many jobs and provide a short-term keynesian boost to the economy. It will also provide experience to many young NEETs so they can enter the workforce.
>>534049591We'll actually have less inflation long-term for a few reasons:1) The SWF will provide revenues for the Federal Government, giving it an alternative to money-printing2) The export terminals will strengthen the value of the Canadian dollar, providing a barricade to inflation. When the world demands Canadian goods (because we can easily export more), that provides an anchor for the CAD. Hard for a currency to go worthless when there's high International demand for it3) Lower rent prices from the Build Canada Homes program will put downward pressure on one of the biggest costs for Canadians, rent, as well as lower the cost of labor for businesses. This means Canadian businesses can keep costs lower.
India 2.0 THRIVING.
>>534049835>>534049990You mean the export terminals that the liberals scrap and cancel all the time? There's a reason why Alberta wants out now and its because you retards keep scrapping everything that might turn a profit for the country due to the fear of the native americans and liberal voting base who would bite your head off. Hell, you gave property rights of most of Vancouver to native americans and now people dont even know if they own their houses anymore.Also you type like a government shill.
>>534048650A constitutional restructuring. The weatth fund would be separate from parliament; it would be it's own branch of government isolated from politics. It would also be funded differently as well>% of raw resources (with near 0% for domestic use)> 1% tax for all international transactions>corporate tax> 0 personal taxation>contributions that can't e withdrawn that are for your retirment or land. >investmentsA 3 trillion dollar wealth fund could give ~$50K dividends back to the 'invester' (you) that does not come out of the system (it is not cash) but goes towards your retirement, voucher for discount on a domestic car, utility payments, etc. It stays in the system as principal and we use the returns to fund all branches of the government.COMPLETELY REMOVE PARLIAMENT ABILITY TO WASTE MONEY. This of course needs balance, which is why the government structure would be 6 branches.
>>534048037Indians will empty that real quick
>>534050234Those days are over retard. Alberta isn't going to seperate because we're giving them more autonomy. The separatist movement will die when separatists realize the Feds are going to de facto recognize the "Alberta Sovereignty Act".Alberta is effectively becoming it's own nation within Canada regarding internal affairs. The only things the Feds will regulate them on is interprovincial trade.
>>534051570It shouldn't give dividends back to the investor in the form of retirement or car or utility. It's not the governments job to distort the market by subsidizing certain consumer shit and punishing others.Idealistically, it should be used to reduce taxes so Canadians can spend their own money as they'd like, without the Feds taking as much.
>>534051804>reduce taxeshahaha fuck offGet your debt garbage out of my country, jew.You do not need ANY personal taxation at all. I've showed them how you can fund federal, provincial and regional with zero personal taxation and the government would be far far far richer than it is now.
>>534052027Hey retard, you talked about giving the SWF returns to people for "retirement" and "car payments".You're a fucking moron. I'm the one suggesting use it to substitute debt.
