The "LOLCANADA" thread...again
So what's new?
I've noticed the Liberals are now ahead in all major polls and Trudeau hasn't even started to campaign yet
As the IMF recently concluded, Canada has the lowest net debt in the g7. So like yes the LOLOL guffffaw HAHAHAHAH Capital One Card line works for every single thing the government of any g7 country spends money on ever because all of them have debt. Get over it. Instead, a more reasonable conversation is to debate of all the many things we spend money on, does this one make sense? I don't honestly have much of an opinion on that, but the broad idea of helping to seed private investment in major projects sounds smart at least on the face of it.
As the IMF recently concluded, Canada has the lowest net debt in the g7. So like yes the LOLOL guffffaw HAHAHAHAH Capital One Card line works for every single thing the government of any g7 country spends money on ever because all of them have debt. Get over it.
Now do gross debt? Do other G7 countries include public pension funds in their assets?
As the IMF recently concluded, Canada has the lowest net debt in the g7. So like yes the LOLOL guffffaw HAHAHAHAH Capital One Card line works for every single thing the government of any g7 country spends money on ever because all of them have debt. Get over it. Instead, a more reasonable conversation is to debate of all the many things we spend money on, does this one make sen
6 other countries and woo hoo we have less debt to GDP than the USA Maybe those other countries are screwed as well that is just me a 3 spirited Grumpy Old Man Talking (3SGOM)
This was the metric the IMF uses, and it makes sense they did. For instance, Canada's fiscal position with CPP completely funded for many decades is a huge benefit compared to the US which has massive future liabilities. This is a good thing, not everything has to be completely terrible.
Also props to Trudeau for the CPP expansion, this was a good move.
6 other countries and woo hoo we have less debt to GDP than the USA Maybe those other countries are screwed as well that is just me a 3 spirited Grumpy Old Man Talking (3SGOM)
Oh look, lozen just casually making fun of indigenous 2 spirit people again, just shoving it into any random unrelated topic. Hey let's talk about debt....oh no hahahahah 3 spirit hahahah so funny
Oh look, lozen just casually making fun of indigenous 2 spirit people again, just shoving it into any random unrelated topic. Hey let's talk about debt....oh no hahahahah 3 spirit hahahah so funny
Oh your making fun of my letters how unsupporting your being
One of the parts of right wing culture I find ugliest is this punching down and mockery of people who are different. It's just....sad.
but like. wouldn't the interest be more expensive then any estimated return % from an investment firm...? Whats the point I believe something like 30% of goverment taxes/gdp goes to interest payments or something absurd like that
30%? No its more like 7 or 8% go to debt service.
The argument in general for public expenditure on major capital private projects is something like this. Suppose a company believes that building X costs a billion dollars but will profit them 950 million. They won't do it. But if that work would also employ a lot of people, who then pay taxes, and build secondary business to support the main company, etc etc etc there can be a lot more value to the Canadian economy and taxes that the first company just doens't capture. So by kicking in the 100M, the company is now incentivized to do the thing and we get that money back. So no, this is more complicated than like the personal finance "should I borrow against my HELOC to invest in the S&P 500" or whatever.
so more communism and inefficient business's being held up by the government. great. I read these sovereign funds often invest outside of the country tho but I guess canadas just going to invest in canada! wink wink. Norways strategy is to invest outside the country which is probably the best strategy especially if your in Canada. I think its a great idea but not a better idea then paying off the debt so we don't pay 8% today and 30% in 10 years
so more communism and inefficient business's being held up by the government. great. I read these sovereign funds often invest outside of the country tho but I guess canadas just going to invest in canada! wink wink. Norways strategy is to invest outside the country which is probably the best strategy especially if your in Canada. I think its a great idea but not a better idea
Comparing Norway to Canada is comparing apples to dildos. One country has taken full advantage of the riches they're sitting on and the other country hates its people and does everything it can to stay as poor as possible even though they were dealt a huge hand.
Now with that being said, Canada needs investment in Canada. So while I understand the skepticism, this could actually become a good thing. Granted, as per most Canadian ideas, it will probably be a huge nothing burger.
Comparing Norway to Canada is comparing apples to dildos. One country has taken full advantage of the riches they're sitting on and the other country hates its people and does everything it can to stay as poor as possible even though they were dealt a huge hand. .
lmao you really do have a flair for the dramatic don't you
Norway's marginal tax rate on oil extraction is 78%. Sounds like a good idea.
lmao you really do have a flair for the dramatic don't you
Norway's marginal tax rate on oil extraction is 78%. Sounds like a good idea.
I do. Was gonna go into acting before I found poker.
Norway's marginal tax rate on oil extraction is 78%. Sounds like a good idea.
Oil production money being used for public benefit rather than going into the pockets of private shareholders? Yes, call me a socialist but that does sound great.
Last thing we as Canadians should do is criticize Norway in any way shape or form. They're much better at a lot of things than we are. This much is undeniable.
They use their riches to offer free university. I'm sure you would love this as a professor.
I love the idea of cheaper university. One idea is to let our world class education system attract massive investment from international students that subsidizes cheaper tuition for domestic students. But I'm ok with higher taxes on oil doing it as well.
Ya "free" public education is working out great.
Shifty coming out against public education now? lol ok
lmao you really do have a flair for the dramatic don't you
Norway's marginal tax rate on oil extraction is 78%. Sounds like a good idea.
As of early 2026, Norway's Government Pension Fund Global (the "Oil Fund") is valued at over US$2.2 trillion, which translates to roughly $390,000–$400,000 per Norwegian citizen
lol no hes right. I remember listening to a person from norway and they basically said they actually get that money too in pensions and the like. no wonder their so anti immigration pretty much every time you let someone in you split that pie
no wonder their so anti immigration pretty much every time you let someone in you split that pie
Are they? A quick google suggests 22% of Canadians were born abroad vs 18% for Norway, and generally Norway is on the high end of immigration at least by European standards.
It really is apples to oranges comparison in so many ways though, most of these comparisons are pretty meaningless imo.
Yes your scare quotes about "free" are pretty loaded. Let's try it without doing that: Should the government provide public education that doesn't charge a fee to parents to enrol their kids?
It's never been free and never will be
Like our free health care that sucks
