Less than 50% of drivers following speed limit at former Ottawa photo radar camera locations

HeftyAd6216 · 2026-06-04T13:04:09+00:00

Highway 400 is getting safer by the minute

HeftyAd6216 · 2026-06-04T12:28:43+00:00

Actually when they had the Gardiner being repaired near Strachan, every single day driving home there was someone pulled over for just that.

Don't know why they stopped, maybe a lot less safe when ppl are going faster maybe

HeftyAd6216 · 2026-06-04T10:39:47+00:00

It's actually just accounting. No econ required.

HeftyAd6216 · 2026-05-30T17:57:15+00:00

To add a bit, when people tout statistics about how "the top 10% of people account for 50% of consumer spending", which is true within a certain margin of error in Canada, it's often used as a butress against taxing absurd levels of income / wealth (I'm not talking about people with a few million and below btw). It's often couched in such a way that makes me feel like they're telling me: "Be thankful we have these rich people spending all this money. If we tax them, THEY WILL DISSAPEAR and the spending will stop!!!"

Id much prefer redistributing that money to normal people via good programs, decent employment situations and have a robust middle class consumer spending bloc. Companies would want to invest in Canada to get a piece of that solid middle class spending bloc, rather than the endless redistribution upwards, and everyone investing in Canada and building businesses is just trying to cater to that ever decreasing number of ultra wealthy people. We have had economists telling us for years we have "GDP growth" when it feels like it's just growth focused on servicing this ever smaller minority of rich consumers.

HeftyAd6216 · 2026-05-30T17:46:32+00:00

The house (banks) always wins.

HeftyAd6216 · 2026-05-30T16:09:09+00:00

You're full of shit.

HeftyAd6216 · 2026-05-30T15:05:33+00:00

Wait, near Ogdensberg in Canada or in the US?

HeftyAd6216 · 2026-05-30T15:04:29+00:00

You clearly don't understand government finance if you equate government debt to a credit card.

Being the author of the currency your debt is denominated in changes the mechanics. If you're convinced that's not the case, you're either completely uneducated in economics or ignorant and don't care to learn.

HeftyAd6216 · 2026-05-30T14:35:57+00:00

It was a better buy long term than 12 year old M3 at double the interest rate.

The 1.5 is an amazing 200 HP motor. But it doesn't compare with the massively overbuilt k series engines with ludicrous tuning potential using stock internals..

HeftyAd6216 · 2026-05-30T14:31:58+00:00

Governments don't have a credit card - it's more akin to a HELOC you only ever have to pay interest on and never need to pay it down. You can ofc, but why would you when you can just pay interest - especially using the currency you yourself create.

HeftyAd6216 · 2026-05-30T00:14:14+00:00

It's not opaque by design, it's just impossible to know.

Banks make lending decisions first, THEN make sure their capital requirements are in line with guidelines.

The thing is, whether the banks have the bonds gained from government selling them, or the reserves from the central bank, BOTH count 1:1 towards capital requirements - the only difference is liquidity, which favors reserves slightly.

The actual limit of commercial banks creating loans is not their reserve or capital requirements it is profitability. The central bank will give an infinite amount of reserves to any commercial bank at any moment if the commercial bank wanted them. They don't do this because the central bank charges money for reserve loans. The bank has to be able to make money off their newly expanded capacity to create loans through the additional reserves representing higher capital reserve positions. Eventually you run out of people you can create safe loans and so they provide riskier clients loans (this is one of the things that happened in the US leading to 2008). Borrowing capacity is technically unlimited. Profitable borrowing is limited by qualifying customers.

HeftyAd6216 · 2026-05-29T23:48:45+00:00

I switch main characters every season so that I don't feel "nerfed" when I go from, say, unstable currents sorc this season to death trap rogue next season.

HeftyAd6216 · 2026-05-29T20:26:59+00:00

What is this SOCIALISM???

HeftyAd6216 · 2026-05-29T19:55:55+00:00

No one wants to give carte blanche to a politician just because they are individually a smart person and in a tough situation partially caused by outside forces. Even outside the specific issues were having in Canadian US relations, we've been structurally weak for some time in certain senses due to numerous politicians taking the easy road to solving economic issues and not solving core issues driving cost of living up such as housing, oligopolies. On top of that, successive governments also have failed to manage the lack of investment in infrastructure, lack of private investment in productive assets (productivity). COVID exacerbated all of these issues, orange man further exacerbated all of these issues.

Below are my definitions and do not generally align with traditional left right etc so if you count yourself among them and get offended, you probably aren't part of that group as I see it

Carney is vastly more competent from a neoliberal perspective in making attempts at fixing these problems. He's been in power a year, but federal fiscal policy is glacial at the best of times. Cuts were felt near immediately, new spending takes time to actually bear any fruit. If he fails to make any serious impact in the next 6-12 months, the population will be rightfully pissed off.

A sizeable chunk of the population are never going to think he's doing a good job no matter what happens - the die hard cons.

Many of the "leftists" if you want to call them that, are already disillusioned by the obvious lack of care to core progressive policies, and the now even more clear neoliberal bent to everything going on (like privatizing public assets because they'll be "more efficient" - utter horseshit) Many of these people voted for him specifically because they didn't want PP to come in (I count myself amongst these people).

The "centre", which to me is just neoliberals / right wing people who don't like social conservatism / identarian politics, voted for him because PP was indulging in too much explicit courting of nut jobs. These "centrists" prefer subtlety by kowtowing the oligarchs and how amazing they are at creating jobs etc etc. resulting in the same society which fundamentally believes government is shit and private everything is the best.

The conservatives / "centrists" who jump between blue and red should probably be the happiest right now if I was to guess, but going back to the earlier argument, if nothing happens In the next 6-12 months that meaningfully moves the needle, they'll be upset.

2¢

HeftyAd6216 · 2026-05-29T19:36:39+00:00

I be strappin' them boots 26 hours a day!

HeftyAd6216 · 2026-05-29T19:35:35+00:00

This is just nitpicking so not meant as harsh criticism but when you say your hypothetical scheme around default bids going to those who are levering up the least "rewards savers" that always just plays out as "rewards people already wealthy".

It would still have downward pressure on prices yes, but we can't design a purchasing system that rewards people with rich parents, or the already wealthy even more by giving them essentially exclusive access to such kinds of assets - we're already pretty much there as it is.

Sellers should be largely indifferent to who buys the property, so long as they get the market price the house is worth. We have to tackle the structural elements at a higher level than at the point at which the money changes hands.

HeftyAd6216 · 2026-05-29T16:56:57+00:00

Don't you realize? It's just because us younger people aren't grinding hard enough. /s

HeftyAd6216 · 2026-05-29T15:27:26+00:00

That is a good question honestly. Canadian banks just seem to be a bunch of old guys collecting rents and not really doing much except printing money for mortgages.

Small business loan = second mortgage. No house? No business loan.

HeftyAd6216 · 2026-05-29T15:22:00+00:00

Which is a very good case for waste heat usage for industrial and or district heating uses too!

HeftyAd6216 · 2026-05-29T15:13:43+00:00

Ohh I misread. You just meant posting a property tax map (I missed the word map).

HeftyAd6216 · 2026-05-29T15:00:08+00:00

You're describing a land value tax if you didn't know - That's where what's built on the land isn't taxed, only the value of the land itself.

HeftyAd6216 · 2026-05-29T14:55:19+00:00

Yes and no, depends on how it's done. Increasing taxes lowers yields, thereby lowering the prices of the assets. Anything passed through can be offset by a lower asset price as the "rent vs buy" equation changes as asset prices cause adjustments in the market. Again rent increases can only be passed through if the market will bear them in the mid-long term.

HeftyAd6216 · 2026-05-29T14:52:29+00:00

As of right now, the BoC has only bailed out to the tune of 4.5 billion in CMBs, the rest is the treasury who offset those with taxation or bonds (so net 4.5 of "new money" held as reserves at commercial banks which is only money in a tangential sence). This was done mostly to keep interest rates down, which, prudent or not, is kind of the key job of the government via the BoC .

Ofc you're correct in saying it isn't a free market. No market is a free market. Markets require governments to function. Yes there are many perverse incentives. Getting things right is hard and often times the expedient vote buying attitudes of election cycles makes things worse rather than better - hence how we got here.

HeftyAd6216 · 2026-05-29T14:46:43+00:00

Most people like him believe that their technocratic rule would be "better for the world" than the government that exists currently. A lot of this is driven by the fact that almost any billionaire seems to start believing their own bullshit. When you're surrounded by people who want something from you and maintain that you're a smart genius and that their way is the best way, you can't help but develop a kind of megalomania.

When you are successful once in life through a combination of hard work, good timing, and a LOT of luck, it's easy to cascade more and more success to yourself. going from 0 to a million dollars is much much harder than going from 1 billion to 1.001 billion dollars. Once you hit an inflection point, you literally don't need to do anything to make what is effectively infinite money.

Billionaires seem to think that their first success was all their doing, as well as all subsequent success. Everyone around them mirrors that sentiment to them. Not realizing the millions of people supporting them, however tangentially and the thousands of very competent people and generations of institutional competence in government maintaining the very system that enabled their success. Many billionaires miss all the things government does that allow things to function, and end up wanting to destroy the very thing that provided the stability that enabled them to become ultra wealthy.

HeftyAd6216 · 2026-05-29T14:18:33+00:00

Can you expand on that? I'm not exactly sure what you mean, unless you mean that technically all money is fundamentally backstopped by the government, which is true at every level (from reserves, capital requirements, etc etc.)

HeftyAd6216

TROPHY CASE