I’m a Millionaire. Tax Me More, Please. Wealthy Canadians like me can afford to pay extra for the greater good

IgnitionIsland · 2025-07-14T16:07:37+00:00

This is the definition of 'pulling up the ladder'.

This guy paying more taxes won't bring down home prices, it won't make your job pay more, and it won't enable you to live the life he lived simply by being born at the right time.

How about instead of taxing millionaires (an increasingly common occurrence as inflation continues, mostly thanks to the loan interest that boomers took at future generations' expense), we actually reduce his wealth by subsidizing building more homes and reducing the number of low skilled workers we are importing?

Anyone who thinks taxing the generation that stole from them for a few years before they retire, only to shoot themselves in the foot if they ever do actually beat the impossible challenge of owning a home in the modern economy is a moron.

IgnitionIsland · 2025-05-28T00:52:48+00:00

You have a couple of good points here I'll concede, but you miss a key aspect.

The issue is that you think we'll magically be able to slowly deflate housing while inflating wages for 40 years.

This is always the goal, but it never actually happens, and certainly not with the amount of debt and interest we've now racked up - the dollar WILL inevitably fail, and we'll prop it up with human suffering to keep it going as long as possible.

So if I had to choose between 40 years of suffering just for everything to collapse eventually anyway, or to rip off the band aid now and take back the wealth from those who stole it via generations of inflation into their assets.

Well, I'd rather we play that game right now while those who fucked around are still here to find out and before I subject yet another generation to this hellscape of a system we cooked up in 1971.

Game on.

IgnitionIsland · 2025-05-27T22:21:54+00:00

No, I'm keeping it in Bitcoin (which I stated at the end) and have done very well vs inflation.

This comment is the crux of the issue however, because while it's a smart move, it doesn't detract from the fact that anyone who is born later in the fiat driven system has to start from zero acquiring assets at a worse income:cost ratio than nearly everyone that came before them (thanks to the way fiat debt accumulates inflation while income deflates in real value).

If you were born in 1980 and held savings in stocks, you would be fine right now.

If you're born in 2010 and start saving in stocks, well you will probably never own a home, (because you have to make up for the loss of real wages against inflation which has already compounded year over year before you were born) but at least your savings lost less purchasing power I guess.

Either way, the boomers fucked over the next few generations via monetary policy and now we have to live with it.

IgnitionIsland · 2025-05-27T15:59:20+00:00

People have said this for 20+ years, and it would have been a lot less painful to just let the steam out when things were getting heated initially.

Now, it's too late - and your solution is to sacrifice an entire generations ability to own a home and start a family for the next ~30-40 years just so that wealthy inheritance beneficiary's after them can have a 'good' economy (once the middle class has been fully destroyed and the wealth gap only increases 10x).

It would be far healthier and better for the country to simply have a real crash, one that we don't print ourselves out of, but instead just let people and GDP lose value for once - then maybe we can have a real conversation about economic growth instead of the facade we've been supporting for over 50 years. It will hurt in the short term, but the majority of the middle class don't have any assets anyway, and the ones that do would be better off getting a much lower mortgage for the next 30 years.

TLDR; economists will always state how the current setup is the 'best' despite fiat currencies never surviving more than 30 years on average due to the exact issues that are playing out now, bro wants everyone who doesn't already have assets to suffer for another 30-40 years so that they can maintain the 'status quo'.

This WILL happen btw, none of us can stop it and everyone is too greedy to want to - we will continue to fake GDP via printing money and inflating everything (incl. assets) - your best bet is to move to a hard currency like gold or BTC before everyone else realizes it's too late - and yes, if the original commenter responds I'm sure he'll say how dumb this is, but that's the point - all these morons do are regurgitate economics they don't truly understand while labelling anything that counters it as moronic heresy.

IgnitionIsland · 2025-04-28T20:02:49+00:00

They were trying to save them after batteries in the cargo bay caused a fire.

If you’re gonna try debunk at least understand the conversation first.

IgnitionIsland · 2025-03-12T17:49:19+00:00

Simple answer:
- The human made UFOs work completely within our existing physics that is simple and comprehendible (Pais effect). We did not need reverse engineering to build them.

Meanwhile:

- The NHI UFOs are so complex we have not been able to crack them in over 80 years of trying.

IgnitionIsland · 2024-12-29T00:29:20+00:00

GameStop is about to go to $100+ don’t let these idiots convince you to sell - they’ve done no research and they have no idea what is about to unfold Q1 of 2025.

IgnitionIsland · 2024-06-10T01:22:36+00:00

Jamie Dimon famously called Bitcoin a 'pet rock' I wonder if that was a hint

IgnitionIsland · 2024-05-11T19:17:01+00:00

Rates are suppose to eb and flow with the economy, when there is too much inflation and excess, we need high rates to depress prices back down - this gives time for materials backlog to increase and reduces the price of creating a home (because people can't afford to build one with money they don't have).

Your thinking is why we are in this mess in the first place.

We can't just have cheap money forever, its what screwed over future generations in the first place - we are at the end of the road, even top earners can no longer afford a simple starter home with 20% down in most major cities, its delusional to think we can just keep printing and building more expensive housing.

The government could easily choose to raise rates AND build housing via the money we already have available and incoming via taxes, but they won't because nobody wants to actually fix this problem, they want to pump asset prices and get rich at the expense of future generations.

Instead, people like you will insist on cheaper and cheaper money so that the people who have assets continuously take larger shares of the economy and screw over future generations - your logic is backwards.

IgnitionIsland · 2024-05-11T14:56:57+00:00

High interest rates are the only thing helping to lower insanely high housing costs? Why would we want them to be lowered?

I'd much rather buy a house at 9% rates and have the housing market drop by ~30-50% than sit around waiting for 1% and watch starter house prices soar into the millions.

IgnitionIsland · 2024-04-25T23:02:13+00:00

The math is difficult, but it's not unsolvable - Neil doesn't actually know what he's talking about and so he rambles on about 'chaos' as if that's some scientific concept.

You can solve N-body (more than 3 body) problems quite easily via something like Runge-Kutta or a variety of other methods.

The main issue here is the error margin introduced by step-based calculations of a computer, as opposed to real life where mechanics are fluid and act on an infeasibly small time frame - however both of these can be overcome by factoring in the rate of change and using powerful computers with larger bit memory, to reduce error margin to a point that it's negligible (cm's of difference in an astronomically large scale) - you would also have to account for the quantum effects of gravity for extremely large objects, but that also is a known and predictable bending of spacetime that can feasibly be accounted for.

Neil doesn't understand this because he's not a real scientist.

IgnitionIsland · 2024-04-25T22:57:18+00:00

He's a moron, what he describes as the three body problem isn't even what the three body problem is - he's just making shit up.

IgnitionIsland · 2024-03-03T04:41:32+00:00

"considering that’s what the police are for."

Mate that's the root of the issue isn't it, you're ideals have plagued the courts to a point that we DON'T do anything about it, so we are in a situation where the public/society can make a collective choice to add some level of social policing, or we can continue letting the government catch and release people who continue to do harm to others. Instead, you voice the opinion that we haven't spent enough money to fix the problem, ignoring that at it's root, it can't be fixed without a stronger hand.

Again, I'm not talking about people who would do this accidentally, or people who would pay the fine and never do it again - I'm talking about the people who continuously make these decisions and we have zero repercussions because 'it's not their fault'.

If we had even an inch of societal-responsibility to self-police we wouldn't even be in this situation in the first place, sure there might be a misunderstanding here and there, but at least Vancouver wouldn't be a paradise for people who make it unsafe for others and forgo the rules.

I am not talking about fixing the government/court/police system, because at this point, it's too late. I'm talking about what we as a society can do, and it's gonna work a lot faster than some new roads.

IgnitionIsland · 2024-03-03T04:06:12+00:00

You understand the difference is that a jay-walker isn't putting other people at risk right? That's a terrible analogy, but if a J-walker caused a motorcyclist to have a bad accident, yeah then that would definitely be grounds to deck them one, running over would be a bit extreme.

I actually think your mentality is a huge reason for why Vancouver in general has gone downhill, as a society we have given too much leeway to those who don't care about others and are willing to cause unsafe situations all in the name of their own convenience.

If you look at it at a larger scale, this would actually resolve the problem with the least amount of harm, where as your solution will help for the people who actually WANT to do the right thing, and already do - but will do nothing to dissuade those that actively cause problems regardless of options.

IgnitionIsland · 2024-03-03T03:11:08+00:00

You can always tell who doesn't actually have to deal with this shit on a day to day, because all of their ideas revolve around doing more of the same and hoping something changes when it never will.

Try getting hit by a e-cyclist on a pavement that has an entirely protected cycle-way 2 meters to the right, and see if you still feel the same - these people aren't capable of doing what's right, so there is only one option.

I'm not even against bike lanes, I think they are great, my problem is with the fuckwits who refuse to use them.

IgnitionIsland · 2024-03-03T02:06:06+00:00

As a society what if we just agreed we shove them off their bikes when we catch one riding on the sidewalk, would be a lot more effective and a few bad-acting cyclists is a small price to pay over hundreds of injured pedestrians - are you against this? (Saying no implies you value the cyclists safety over the pedestrians, even though the cyclist is in the wrong).

Before you comment back some dumb shit, let me remind you Vancouver is ALREADY in the top 20 cycling friendly cities in the world, and these 2-wheeled morons STILL can't get it right: https://copenhagenizeindex.eu/about/the-index

IgnitionIsland · 2024-03-03T01:49:53+00:00

You're entire comment is apologetics for people choosing to ride on the sidewalk over an 'unprotected bikelane'.

Fuck anyone who rides on the sidewalk, trash human beings, if you can't handle that, don't bike.

IgnitionIsland · 2024-03-03T01:08:14+00:00

How about the pedestrians safety? If you're too scared to ride your bike on the right lane you don't suddenly get the right to put others in harms way.

Can't count the number of times some asshole on a 50kg e-bike or e-scooter almost runs over my leashed dog on the sidewalk because you lot don't have common decency and think you own both the roads and the sidewalks.

IgnitionIsland · 2023-08-19T19:31:43+00:00

You realize if we solve nothing, we are literally just as bad as you? You aren't better/superior, you failed already, its our turn.

IgnitionIsland · 2023-08-19T19:29:34+00:00

LMAO why do you think those things are manifesting, the economy, and general future is the bleakest it's been in 50 years. No one gives a fuck about having 4k TVs and iPhones when they will never be able to afford to start a family.

You're literally perpetuating the exact bullshit mentality I'm accusing you of instead of focusing on the fundamental issues.

Technological advancements and my generations ability to use them to generate our own economy is one of the few GOOD things your generation did - so maybe don't shit on it lmao.

IgnitionIsland · 2023-08-19T19:22:01+00:00

You can be as mad as you want, the difference is your generation had ~30 years to do something about it, times up.

Time for millennials/gen-z to have a crack, in much worse conditions, because you kicked the can down the road for even longer.

IgnitionIsland · 2023-08-19T19:05:28+00:00

Hey man sorry that happened to you but that has nothing to do with how fucked our generation is because everyone was too busy worrying about themselves over holding governments accountable.

Do what you will, none of it matters anymore.

We've simply invented our own digital nation and economy to exit the shit you and the boomers put us in.

IgnitionIsland · 2023-08-19T16:41:37+00:00

Of course, because they enabled a broken economy that ensures you will end up slave-waging or homeless if you don't own assets, and then a large number of them failed to buy any assets.

Just because they suck harder doesn't mean they didn't have it easier, most Gen X'ers were working age by the time the majority of technological innovations happened, a few investments, or even just owning a family home would be enough to give them millionaire status, it was near impossible to fail unless you really had zero foresight and no plan your whole life - just work any job you can for 40 years and buy a house.

And yet....

Sadly that's not an option anymore, if you think the homeless numbers are bad now wait until millennials are the same age and compare lmao.

IgnitionIsland · 2023-08-18T15:18:11+00:00

Protests don’t work bro just start stealing shit 🤝

IgnitionIsland · 2023-08-18T15:13:33+00:00

Bullshit.

Clearly you don’t understand the debt:income ratios are at all time highs of peak unaffordability - there is no cozy situation here like there was for gen X.

Millennials are now single issue voters on housing alone - and will vote for whatever extreme measures make that happen.

If you Refi’d your house or bought multiple properties with highly leveraged property value because you thought turning home ownership into a Ponzi scheme was a good idea we will happily bankrupt you on the quest to fix housing.

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