I have so much respect for you and for the work you do. Such an underrated channel and person

As a Canadian, I want to tell my story of trying to raise a seed round for our startup in Canada. The offers were smaller monetary amounts and a worse equity deal than the USA venture counterparts. There is no Canadian venture. We tried to stay Canadian but there was no incentive. Many early stages companies are leaving because of this. And I fear this will be exacerbated with changes to the tax policy that would see outflows of assets. I think things will get worse as a result.

@jasperalberts7647

5 ай бұрын

I think the most pressing question is just how socialist Canada will get by 2030

@jasperalberts7647

5 ай бұрын

2020-2022 was a trial run for testing how compliant the public would be with turning on their own relatives and friends.

@AN-jb7dc

5 ай бұрын

@@jasperalberts7647very less chances! After living here for more than 30yrs, I’m not sure if I will vote again to any party…not worth it!

@user-gm1bl2st8b

5 ай бұрын

What federal policy has caused this problem?

No one should pay an effective tax rate >50%, redefine slavery as confiscation of over half of someones gross income, then allow individuals to combine all the taxes they pay (income, sales, property) and if that amount is >50% they get a rebate....obviously marginal rates should all be reduced below 50% to help prevent that. no reason to take so much from people.

I enjoyed hearing a bit more about your personal story. You have a lot to be proud of Mark. Cheers and happy new year.

Thank you for sharing these 3 videos about your move to Costa Rica, Mark. Very interesting and inspiring. Highly appreciated.

Thanks for this, Mark. Good to see you resonate with me & my thought process.

Congrats sir, taking everything out of Canada before the implosion , truly living the dream

Thank you. I’m very grateful for you and this channel.

Love this. Thank you 🙏

Thank you for you teachings and sharing your years of experience.

Just wanted to say I really like hearing you comment on diverse topics Mark. Keep up the good work!

Hi Mark, not sure if anyone else has said this but I've noticed a notable decrease in volume since you made your move (from memory). I have the video and windows volume both set to max and you are basically audible at slightly lower than normal levels - much less than I would expect having everything at max volume when comparing to other videos.

@MarkMeldrum

6 ай бұрын

I will try to increase the volume in Final Cut Pro before I render the videos.

@youtubeg30

6 ай бұрын

@@MarkMeldrum Thanks Mark. You helped me make it through the CFA program years ago and I still watch your weekly videos to this day (and special videos like this one) - I'm sure there are many others like me who stick around as they value your insight just as I do. Cheers.

Your recent video series covering this has inspired me to expect better from myself. The working culture in Canada is SO easy to get bogged down and discouraged by.

Mr. Meldrum should start a podcast

You are an outstanding Professor Mark

Mark, regarding debt spending, especially in the US, how do you envision the following dynamics playing out: long term us debt fetches higher yields towards the 4,5% or even higher. Compare these yields to the returns of the SnP index over 10yrs which might only be marginally higher than 7%. On a risk adjusted basis therefore, would money flee from public markets to buying debt. Or would the opposite happen given fate lives irony? Thanks!

Hello Dr Meldrum, Happy new year! You talked about personal taxes, could you clarify why in the media they say the rich don't pay taxes because they have "trusts" or Cayman Island companies ? Are they lying about all these tax optimization strategies or they would not work in your case ?

Mark. You are a gem. No matter where you are.

Actually the luxury tax on vehicles is much less than 100k. I believe its around 55k (sticker price).

It is truly surprising how Canada can have so much strong resembles to Russia nowadays. All the analysis from You sounds to me like You are talking about my country. I wish I had similar experience to guide myself here, but studying finance and econimcis in Russia is very expensive

The athlete analogy is spot on

Thank you for your guidance and wise words, been dreaming of leaving, covid response really frieghtened me. Industrial designer starting out career after going back to school late find its so hard to save, and grow wealth beyond having it all locked in inflated housing prices. Appreciate your explanations will continue to watch and listen. Cheers enjoy the sunshine.

Greetings Mark, Where did you move to? Because I am planning of moving to Europe next year and if that doesn't pan out I will at least get out of Québec, Montreal that is, and move to Alberta!

Hi Mark, thanks for your video. Would you say democracy is broken then when Pareto applies virtually everywhere and has both positive and negative repercussions?

Pleaes, Please, Pleaes make a video on Canadian Housing Market. Please.

@kqh123

Ай бұрын

Does Mark cover real estate? CFAs aren't automatically experts on it. People who works in the industry, whether it be analysts, brokers, agents, or lenders would know more. There are some people out there that fit that bill. Have you checked out the Loonie Hour show? There are 2 CFAs and 1 real estate guy on that.

What do you think the threshold for yearly income is to make the move worth it? 200k, 400k, 600k? 1M? Also, too bad you don't have a family and kids to pass your knowledge and wealth on too.

As someone who is a non-minority who lived in Surrey, BC for 4 years, i'd be curious to hear how you ended up in Brampton for ~3 years

Where do you live in CR?

You're my friends & Family too Mark. Love you, would love to get to know you

It's so painful to see all of this happens when you left Latin America for Canada. The country is following all of the steps, all of the mistakes, all of the narratives that these countries have fallen for in the past. You sacrifice your life, which often the case for people who get here it's actually a fairly ok middle class life, and then the country you moved to starts becoming a carbon copy of the garbage you left behind.

@osaimola

5 ай бұрын

Even more painful when you try to tell people what waits at the end of the path the country is on and they dont see it

1989, the Progressive Conservative government of Prime Minister Brian Mulroney and his finance minister Michael Wilson proposed the creation of a national sales tax of 9%. At that time, every province in Canada except Alberta already had its own provincial sales tax imposed at the retail level. The purpose of the national sales tax was to replace the 13.5% Manufacturers' Sales Tax (MST) that the federal government imposed at the wholesale level on manufactured goods. Mulroney claimed the GST was implemented because the MST was hindering the manufacturing sector's ability to export competitively. Manufacturers were concerned that the tax hurt their international competitiveness. The GST also replaced the Federal Telecommunications Tax of 11%. The introduction of the GST was very controversial. Although the GST was promoted as revenue-neutral in relation to the MST, a large proportion of the Canadian population disapproved of the tax. The other parties in Parliament also attacked the idea as did three Progressive Conservative Members of Parliament, David Kilgour, Pat Nowlan, and Alex Kindy, who ended up leaving the Progressive Conservative caucus as a result. The Liberal-dominated Senate refused to pass the tax into law. In an unprecedented move to break the deadlock, Mulroney used a little-known constitutional provision (Section 26 of the Constitution Act, 1867) to increase the number of senators by eight temporarily, thus giving the Progressive Conservatives a majority in the upper chamber. In response, the Opposition launched a filibuster and further delayed the legislation. Despite the tax being lowered to 7% by the time it became enacted, it remained controversial. What the tax covered also caused anger. The Government defended the tax as a replacement for a tax unseen by consumers because it was placed on manufacturers, and in the long run it was posited that removing the MST would make Canada more competitive. Once the MST was replaced with the GST prices did not initially fall by the level some thought appropriate immediately; however, proponents have argued that in Canada's market economy the MST's replacement could only be expected to influence prices over time and not on a stroke. Despite the opposition, the tax came into force on January 1, 1991.

Hi Mark, one way I've partially rationalized the taxes is that it's the cost to pay for physical safety in terms of geography and being beside (presently) the most powerful nation in the world, as an ally. As I've only lived through peacetime, I can only leave it to my imagination how bad things can get during conflict. And I feel like we're so in the abstract sometimes, that the physical safety is taken for granted. Would really appreciate your evaluation taking physical safety (and perhaps geography + weather) into account. I'm about halfway through and don't know if you've addressed this, but we'll see soon. Also haven't watched your part 2 Costa Rica video yet, maybe you've addressed some in there.

@mitchtherighteous

5 ай бұрын

Lol, he'll be running out of Costa Rica and cursing that country out when he finds out what kind of fragile legal footing he is on over there and how affluent locals arent interested in seeing wealthy foreigners unless they get their taste aha

@user-gm1bl2st8b

5 ай бұрын

If you actually look at federal personal and corporate tax brackets they haven't changed since prior to Trudeau's election. He's crying for the sake of crying.

The very best video to watch at January, 1.

Anyone who watched your initial videos and has done their own due diligence doesn't require you to validate everything you said. They already know it's accurate.

The squeaky chair is iconic. Keep the WD-40 downstairs

The political analysis is pretty facile. Pointing at a place like Brampton - or pointing at a single person as a political leader (which is a choice I suppose) - as proof that immigrants vote Liberal isn't exactly convincing. I can point to the provincial map which is exactly the same as the federal map and it's deep deep blue. Stephen Harper learned this lesson. His insight was that immigrants are way more conservative than most people believe and if you provide them a conservative party that isn't openly hostile to immigrants they'll vote for you. He was right. The federal party went mask off in 2015 with the barbaric cultural practices hotline and is as anti-immigrant as ever. The current version of the CPC is a rural white nationalist grievance party that may actually win because people are tired of Trudeau. In the same vein and much more convincingly I could say that the Liberals are the party of choice for business and the wealthy elite. You look at Toronto and are annoyed it votes Liberal. Toronto Centre, St. Pauls are the safest and wealthiest old elite seats in the country and vote Liberal. Things can't be that bad for the well off if they continually vote red.

excellent

Heeeey, it can be VERY HARD to go down to the store and buy the lottery ticket, especially if its rainy weather! 😅

@kqh123

Ай бұрын

Takes some *experience* 😂

As a Canadian, I totally agree with your opinion about Canada.

lol, this is one of the most interesting video!

I like the comments by @TheChinaPlay. There are a plenty of safe low tax places, but I wouldn't feel very comfortable in an emerging economy, especially if your assets are located in that economy. I did something similar with Japan and while the taxes here are high, at least the drinking water is safe and safety standards are (for the most part) on the Western level.

I'll most likely make multiple comments, but just a few notes for the first part of your video. 1. Sure Bramptom has voted Liberal the past 3 elections, but in 2011 they and much of the GTA voted in Conservatives. 2. Bramptom has actually primarily voted PC provincially in the last two provincial elections along with other parts of the GTA, so interesting you excluded this from your analysis. 3. Olivia Chow is an NDP politician, but we also had conservatives mayors voted in for the past 4 Toronto elections. So you can cherry pick Chow getting in, but its being hyper selective. Id say a better analysis would be to determine if what percentage of immigrants vote for each party. Id imagine its fairly spilt, with maybe the Liberals have a mild but not demanding lead. And as I've said before many do vote Conservative.

@kqh123

Ай бұрын

Yeah I'd say the CPC lost the last 2 elections rather than the LPC won them. The CPC ran poor leaders and were wishy washy in their positions. Also, the LPC successfully leveraged the pandemic to win that most recent election. Pandemic policies were a big part of that one, which took the attention away from tax, economic, social programs, etc. Just my observations without digging too deep into the data

just because someone has money doesn’t mean they are a “top performer”. Drugs dealers, escorts, onlyfans models, scammers are not top performers to me. Otherwise I agree

@xyzmediaandentertainment8313

4 ай бұрын

Well they kinda are. That onlyfans performer is certainly a top performer let me tell ya 😂

@buscapee

4 ай бұрын

@@xyzmediaandentertainment8313😂😂 fair rnough

Mark, it's not about experience. They know what they are doing. It's spiritual at this point. They want to control souls and Canadians will not put up a fight. The smart folks will be pissed off but STILL COMPLY. This. Is. Canada.

Does Costa Rica offer affordable insulin/medical care?

@BrickTemplar

5 ай бұрын

I think almost every country does

@friendofvinnie

Ай бұрын

Keep dreaming They have no industry let alone a medical facility 😮 it's all imported

tbh the capital gains inclusion makes no sense and it really should be flipped if anything. salaries are much more valuable to society over any capital gain activities and would make more sense to have favourable tax treatment

Mark is even smarter than I thought.

Just an FYI, Olivia Chow, the mayor of Toronto, was married to Jack Layton, the former leader of the NDP.

@user-gm1bl2st8b

5 ай бұрын

And prior to Olivia Chow running we've had 14 years of Conservatives mayors who have held property taxes below the rates of inflation. The subway is crumbling. They've shuttered homeless shelters which has driven those people onto transit and into parks. You can't cherry pick your data points.

LMAO I lived near Sheridan College too. South of 407, Mclaughlin rd. Cheers.

Canada feels like torture. Spiritual torture - the worst kind.

TIL: Mark is not a r/spiderbro

If politicians are about fixing society, it would not be an enticing career path for some. It does not take high IQ to fix issues in Canada, but why would you?

One thing is its hard to bucket Indians into one voting bloc. Separatist Sikhs, Indian Sikhs, Hindus and Muslims each have different motivations. I would imagine most Hindus after recent Trudeau diplomatic incident would lean conservative. Guess, we will see after next elections.

@srh80

6 ай бұрын

@@clutternutjack3995 most of the recent immigrant citizens have social ties and emotions regarding politics of where they come from. Also it wont surprise me that the reason many voted for Trudeau in past is simply Charisma and have no idea about what liberals stand for. A negative is a negative, even if its an emotional issue like India. Honestly I have always believed all elections are simply popularity contests so I always doubt any assertion that people are weighing choices rationally in first place.

@SahajPS

6 ай бұрын

Whether you like it or not, broadly speaking indian community votes liberals. One incident cannot change voting pattern lol. Many people don't even care because they are not citizens of India anymore. Some people that I know are not really convinced with Mr. Pierre's capabilities.

These three videos about why you left Canada are the most comprehensive breakdown I've ever seen of why socialism doesn't work. But unfortunately, for many people, paying attention for 4.5 hours (not all at once) is too much to ask in order to learn about why democracies are doomed to fail. Like the child who accused you of throwing a temper tantrum, they 100% did not listen to what you had to say.

Being an Indian, I can say that Canada is not getting the cream of the Indian crowd. Few people in one community don't study, and when they don't get a job in India, the tendency is to go to Canada because of its easy immigration policy. I feel sorry for Canadians that they have to go through all this. Not only that, the Canadian immigration policy is so bad that it even allows criminals and gangsters, and now they even fight elections; what a pity! The Canadian government also refused to extradite people who were criminals back in India when the Indian Government asked for these poeple.

We can continue to import people or encourage those who are here (especially those working hard on their careers) to have children. One of the ways to do this is financially. $10 a day day care is a way to encourage our population not to decline and wreck the economy. Or we can continue to import more people

@ironman3112

5 ай бұрын

We'd need to go back in time 50 years to convince people in 1973 to have more children - look up Canada's fertility rate - its been below 2.1 since 1973. This demographic black hole has been 50 years in the making - its going to hit us even if we shot up to having a fertility rate of 3.0 today.

This is very interesting but you need to get closer to your microphone.

I think the point that the NDP was highlighting was that mega corporations inappropriately took a huge chunk of government money along with taxes that many seem to be able to dodge (through offshore shell companies and other means) without trouble. I don't think their beef is with success necessarily, its the fact that some people don't play by the rules. That being said the government is also pretty sinister so I don't necessarily side with them either.

You should have left a long time ago. Congratulations!

Good afternoon, Mark. First, let me wish you a Happy New Year. Second, I am planning to leave Canada at the end of summer in 2024. I don't want to be involved in the socialist dystopia of Canadian economic policies, and I am not in favor of paying higher taxes. I want to travel around Europe and Africa and possibly settle in Texas, USA. I plan to save a lot between now and the end of September.

@MrSwr222

6 ай бұрын

Hope you don't need healthcare in Texas then

@infinitejinpachi

6 ай бұрын

@@MrSwr222 Why do people always bring this up? Are you going to the hospital every week or something?

@MrSwr222

6 ай бұрын

They bring it up as health is a human right. And no, I don't go to the hospital every week, but many people do and the grace of God withour health is beyond our control. A civilized society has a good level of healthcare for everyone.@@infinitejinpachi

@jasperalberts7647

5 ай бұрын

@@infinitejinpachiStockholm Syndrome and parasitic class largesse is how Canada got to where it is.

This is very underrated channel thank you mark for sharing your thoughts.

I am a [classic] liberal. There is nothing I hate more than leftists being considered "liberal." Progressivism is the furthest thing from liberalism.

Mark I appreciate your insights but I have strong disagreements with some of the economic concepts you presented here. For example you claimed that the Laffer Curve is close to an economic "fact" but there is no empirical evidence that the US or Canada (or any major OECD economy really) is or has been on the declining side of the Laffer curve. That is to say that while the case of 100% tax rate resulting in 0 revenue is trivially true, the peak of the curve may be as high as 80-90% tax rate. When you talk about a "tipping point" a distinction must be made between taxes hurting GDP and taxes actually reducing government revenue, one has happened and the other has not. You make a valid point about the crowding out effect but the idea that government revenue in the US or Canada would increase through a reduction in the tax rate is not supported by any economic study. I would be happy to link the literature or elaborate on my points further if you have interest.

@MarkMeldrum

5 ай бұрын

Not true. Top of mind, both California and Illinois are on the declining part of the curve. The Carolinas, Florida and Texas are all seeing increases in tax revenues. Americans can lower their tax rates and state migration proves that. The studies you may be referencing are from a time when mobility options were severely restricted. Roosevelt is ancient history, man. Even 40 years ago, I would not have had much choice as incomes were basically 100% tied to geography. Not so in a digital world. Capital, and people, have real choices. Dubai is full and getting fuller, money flows into Panama and its property everyday. I am proof that capital will leave high tax regimes, as is my Canadian neighbour here in Costa Rica. The studies you point to are either too historical, willfully ignorant, or path dependant on past methodologies. In a digital world, incomes and wealth are far less slaves of geography.

@scar656

5 ай бұрын

@@MarkMeldrum I am not contending with the claim that a higher tax rate will depress GDP. I agree with your point that tax increases become less ineffective over time. The Laffer Curve plots government revenue against tax rate, not GDP. So even if a higher tax rate shrinks the pie, the government takes a larger slice. People are moving away from high tax regimes, but those governments are still collecting more revenue than they would be with lower taxes. So I don't disagree with anything that you've said but it does not support the Laffer Curve. To repeat my argument, I claim that the US and Canada (including all states/provinces) are currently situated to the LEFT of the peak of the Laffer curve. That is to say, they can increase government revenue by increasing tax rate even if they end up decreasing GDP or private wealth. The literature that supports my argument are NOT old, my favorite paper on the subject is Trabandt and Uhlig 2011. There is academic debate over whether the Laffer curve meaningfully exists at all (see Saez 2004, 2014) but there is broad consensus that almost all countries are left of the peak.

@MarkMeldrum

5 ай бұрын

Methodological weaknesses. To test the curve, you must control for types of taxes, population growth, inflation, job creation, government spending, and velocity. Examples: a higher royalty tax on gold mining extraction would raise revenues but not significantly affect migration rates. Tax revenue increases each year at the rate of inflation, so 5% inflation and 4% capital flight = 1% tax revenue increase. Real revenues must be used. Population growth through immigration will raise tax revenues, which may be required to offset capital flight. Job creation creates more people paying taxes, which can hide or nullify capital flight. More low paying jobs will result in a higher velocity of money than a high paying job. Higher velocity, even at lower tax rates, will result in more taxable opportunities. To raise tax revenues the government can deficit spend. That spending is someone else’s taxable income. Governments can do a lot to address a deteriorating situation due to capital flight from high taxes. Looking at tax revenue without controlling for all the moving parts violates ceteris peribus. Without controlling, you must look at the rate of debt growth, the level of savings, the level of domestic capital investment, the average tax payment per filer, productivity rates…etc. Probably the biggest flaw with these studies is the inability to control for a Pareto distribution. Looking at the whole population mixes low tax rates with high tax rates.

@scar656

5 ай бұрын

@@MarkMeldrum The inability to control for a Pareto distribution is inherent to the Laffer Curve itself but the issue is addressed and discussed in the Trabandt paper I cited. All of the factors you bring up could affect the analysis and results but the Trabandt paper looks at constant Frisch elasticity under long run steady state. Therefore the concerns you brought up are either directly addressed or as you would say about equity prices, baked in. That is to say, even if those factors had an impact in the transition period, those temporary gains in tax revenue ("windfall" in the language of the paper) have already played out. CFE is standard in Laffer curve literature, the methodology itself has been thoroughly discussed and defended (Saez 2001). Nonetheless I acknowledge your contentions about the methodology and I welcome any studies or statistical evidence that we're presently on the right hand side of the Laffer Curve.

From what I understand it is more cost-effective and safer govts to decriminalize drug use and to focus on treatment than to put addicts in prison.

@cassiuskurei

6 ай бұрын

Studies suggest that but the key is "Focus on Treatment" of which there is no treatment happening in Canada. Addicts are under no obligation to seek treatment or counseling anymore, we just finance their drug habits and let them behave however they want, living in drug-assisting shelters or adding to the ever growing encampments of tent cities. For any of it to work the addict has to either be treated to stop using and attempt to integrate back into society or forego the govt drug assistance and return to being criminalized.

@BrickTemplar

5 ай бұрын

RDJ went to prison and became Iron Man. Sometimes the best medicine is a radical lifestyle change, a cold shower, rather than coddling and encouraging gradual change.

I am from Punjab living in Alberta and I have my own opinion about liberals and especially Jagmeet Singh. I think in brampton mostly ppl believe that liberals are more good for immigration policies and that is why they vote for liberals. In addition mostly ppl living in Brampton who can vote are either very old and less educated so they vote for fairy promises being given by liberals. For Jagmeet he is a hardcore khalistani supporter and I can tell you with 100% surety that he will even loose his deposit if he runs for election in Indian Punjab ( In india one has to have certain monetary deposit with election commision and if a person wont get certain amount of votes that deposit will not be given back). And mostly Indians living in Canada are majority Hindus and Sikhs , Muslims from India are not that much. Highly educated Indians will seldom vote for Trudeau and Jagmeet.

@johnsnow6019

6 ай бұрын

Don't bring your identity politics into this. Just throwing mud similar to what Mark said politics is now a days.

@whateverman181

5 ай бұрын

You're right Sandeep. Hopefully we will see change in the 2025 election in these ridings.

The damage that Stephen Harper caused to PC party cannot be undone by future PC leaders.

Classical liberalism/progressive conservatism is an impossible dichotomy Liberal policies require revenue

@MarkMeldrum

5 ай бұрын

Classical liberalism is socially liberal but fiscally conservative. In other words, do and be whatever you want, but don’t send me the bill. I will accept whoever you are, but I will not accept the responsibility of paying for your lifestyle choices. You can believe in whatever you want, but you cannot demand that I participate in your belief system with you. That is just left of center. Liberalism today has abandoned the center and lives very far in the left.

@hitempguy

5 ай бұрын

@@MarkMeldrum We'll have to agree to disagree. At a fundamental level, your position leads to socialism. All available history worldwide supports my position

@kqh123

Ай бұрын

​@@hitempguywere you saying Liberal policies require revenue but others do not? Obviously all governments requires revenue. We are not debating government vs no government are we? Rather what type of government is superior...

Lives in Richmond Hill in the 90s. I miss that time

I think a lot of people are misled by people with agendas and get radicalized in their viewpoints unfortunately. I really liked the articulation of the arguments here. Big fan of Bill Maher and Mark Meldrum.

I enjoy your content and find it valuable, however even at double speed, I don't have a whole hour to listen to your stuff!

>complains about immigrants >moves to Costa Rica lmao

@kqh123

Ай бұрын

As if it's that simple. Lol

If this is purely deceit, evil, or sheer ignorance on your part about the tax history and your prediction and assumptions of Canadas future taxation is criminal !!! Who and which party gave Canadians the GST and NAFTA? The conservative party under Brain Mulroney that's who 😮!

1:40:45 Jane and Finch, Mark. Very ghetto

Could you please come back to canada and run for government?

@19:02 That is honestly ridiculous

The problem is not abt taxes. It's abt competency. These politicians are playing monopoly with real money n none of them has ever run a city, let alone a country. Next is lack of accountability n virtue signalling which shows deplorable communication skills. Real Canadians need to stand up n direct this country n don't expect immigrants to run it for u. Most r economic immigrants n will leave if Canada doesn't step up. Afterall, who will tolerate high taxes, low service environment.

38 minute discussion is pretty much entirely wrong. Most R&D is done using public research dollars (in US atleast). Only brought to market by private companies.

So you are fleeing Canada for USA 🇺🇸❤️🙏👍? WOW 😳.

@Financeforyou118

2 ай бұрын

Costa Rica is USA?

@kqh123

Ай бұрын

​@@Financeforyou118yes Costa Rica, Florida 😂

As a pakistani i voted liberal first time, but switched conservative last election and I am seeing that shift even more now

@Madzguy007

5 ай бұрын

How does a Muslim side with LGBQT++ degenerate party?? Isn't that haram??

Mark, I appreciate your insights, and mostly agree with your takes on things but I take issue with the private Healthcare part. The size of your wallet absolutely should not determine your access to essential life saving services, you want fake boobs thats fair ball. Your selfishness would come at the expense of the outcomes for everyone else. Especially if you really want to, go to the US to get what you want to pay for I would much rather you do that then make it easy to gut the Canadian Healthcare system. Having median outcomes for everyone is far superior on the whole to having outsized outcomes for the few who can afford it in my opinion.

@MarkMeldrum

6 ай бұрын

But why stop at healthcare for median outcomes? Why not education - why not outlaw private schools? Why allow parent’s selfishness to come at the expense of everyone else? Why allow those students better teacher/student ratios ? Why not access to vehicles - why not force everyone to use public systems only? Are not those who opt for private transportation not selfish? Why not income? Would a system that enforces the median outcome not eliminate the selfish people? Why just health care? And why would my private healthcare lower the quality of the public system? By my estimation, it would improve wait times in the public system if even 10% opted for a private plan.

@Thatinvestmentguy

6 ай бұрын

Odd that Canadians drink the koolaid for a publicly funded healthcare system. The best systems in the world have concurrent public private systems. This isn’t publicized in Canada. I’m privy to no less than 3 post secondary healthcare academics at Canadian universities who know this to be true but remain silent because it’s just not worth rocking the boat and disrupting a six figured salary resulting from the grief that the public sector and unions can bring to bear. And who is it that is frequently cited as the source informing government policy in Canada? Well the hell if it isn’t pro public sector academics.

@Brent687

6 ай бұрын

​@@MarkMeldrumthe difference between private schools, private anything and private Healthcare is that its the separation of personal choices and the basic human right to exist, I fully support your right to make the choice of where you send your child to learn and what you want them taught but I dont believe it is ethical for you to have better access to outcomes then me based on nothing other then the size of your wallet regardless of whether it would improve wait times in the public system. In terms of the right to live the urgency of the need for care should be the only consideration ever. We can agree to disagree.

@Brent687

6 ай бұрын

​@@giuseppepantalone4077thats not a great argument, and I'm not saying I have a right to Healthcare, I'm saying that because you may or may not have more money then I do you should not have a larger claim to exist then me. Under the universal Healthcare the difference is there is a single payer, the fee for service schedule is negotiated no different then an insurer would negotiate with a specific Healthcare company, service providers are amongst the highest income earners in Canada on average and are free to relocate elsewhere as Mr Meldrum did if they are not satisfied with the fee for service schedule.

@Brent687

6 ай бұрын

​@@giuseppepantalone4077its access thats the universal basic human right, its a very simple question, do you think that your ability to pay should allow you to the front of the line, its a yes or no question. I'm only talking about Healthcare, not education, not religion, not job placement just medicine. Forget the slippery slope argument as the Canada Health Act has been around for decades and decades so the slope has been level for a very long time....

No rich people, only successful people? Half of Canada's richest families inherited their money.

@MarkMeldrum

6 ай бұрын

What evidence do you have of that?

@MrHajy2023

6 ай бұрын

Experience

@dojimaryotaro6563

6 ай бұрын

@@MarkMeldrum Citation: It came to me in a dream. That said, I do think you should include heirs into your "rich vs. successful" category. The two may be correlated, because success breeds success yada yada, but they are not equivalent and there are more rich heirs than rich lottery winners. Both are just a result of happenstance for that specific person. If you think about it in terms of Maslow's pyramid of needs, most people born in the developed world today are already somewhat "rich" because they have most of the physiological level covered by various safety nets if they don't succeed, which is not the case in parts of the developing world. Some parts of the pyramid are difficult to buy with money, but others are easy up until the top level of self-actualization (sexual intimacy with attractive partners probably being the biggest one). For a person born at the bottom, success is a prerequisite to reaching those lower-level needs, but an heir merely seeks success to reach the peak of the pyramid. This is not to demonize heirs, who may be good people or total c-units, but the heirs and successful people are fundamentally not the same. (Disclaimer: I also don't think we should tax their wealth, because this will just lead to capital flight and, at least for early generations, is extremely unfair on the person who worked their back off to create that wealth.)

@wm6549

6 ай бұрын

@@MrHajy2023 I attached a link to a Guardian article, but it was deleted.

@Custo911

6 ай бұрын

@@MarkMeldrum Goggled "List of Canadians by net worth" ... and most seem to fit the bill.

Lot of what you say is true, but you lost me when you said you were a liberal back in the 70"s

@MarkMeldrum

5 ай бұрын

90s, not 70s. I was just a kid in the 70s. Liberal back then meant socially liberal, but fiscally conservative. And heroin was illegal - period. No need to spend taxpayer dollars making sure they injected it properly. And nobody cared about pronouns or labeling you skin pigmentation as a victim or oppressor.

@user-gm1bl2st8b

5 ай бұрын

​@@MarkMeldrum Providing clean needles means 20 cents up front to avoid the system paying thousands on treating an HIV patient. Seems reasonable to me. Heroin is still illegal, btw. This type of response (and lack of any real economic argument that you're actually paying more) screams that you're leaving because of social conservatism and not because anyone has legitimately threatened you financially. A real data check shows federal tax rates haven't moved since Harper. The Carbon Tax is revenue neutral. Just another rural white dude big mad that Trudeau is in power - which is your right. But let's not pretend this is actually anything more than an emotional decision and not an actual rational economic decision.

@kqh123

Ай бұрын

You were making some interesting points, but why the "another rural white dude" pejorative?

Talks about rhetoric from NDP then uses his own rhetoric immediately "rich people aren't rich, they're successful". Most wealth in the world is generated off of capital not knowledge. This is simply not true, once you have a certain amount of money you can coast

@kqh123

Ай бұрын

You need to be successful to get to the place where you can coast.

25:00 you sound very weak and selfish. Everyone has to make sacrifices to get into politics.

@MarkMeldrum

5 ай бұрын

Says the guy who has done what in life???

@normanpotts9476

5 ай бұрын

@@MarkMeldrum I work a job in the public service. All you've done is take advantage of market fluctuations that occur because of corporate welfare.

@MarkMeldrum

5 ай бұрын

@normanpotts9476 you really should use Google before you say uninformed things. Google me. I built a business, employed people, and became the second largest in my industry. Paid a pile in taxes. Made significant donations to humane society, community care, big brothers/big sisters, a women’s shelter. You on the other hand receive your income from taxpayers - want to talk about selfish? stfu unless you know what you are taking about.

@gooooob55

4 ай бұрын

@@MarkMeldrumyou sound like a parasite. You live in Canada, gaining from everything everyone else's taxes have paid for and then when the time comes for you to pitch in you disappear.

@kqh123

Ай бұрын

​@@gooooob55you sound triggered. he is also part of the "everyone" so he is also benefiting from the taxes he paid. And if he's paid more than everyone else he is not a parasite but a host.

I know who you are.