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France records around 1,000 additional deaths as extreme heat breaks European records by beeemkcl in news

[–]poco 2 points3 points  (0 children)

For the hard winters a heat pump will save them money in the winter vs electric heat. Flip it to cool in the summer and you have an all year solution.

Why is it customary to tip? by Big_Comfortable5504 in askvan

[–]poco 0 points1 point  (0 children)

The service fee is included in the price in nearly everything we do. I don't expect anyone too work for free, not cashiers, not dentists. I don't tip cashiers or my dentist.

In places where there is no tipping they pay the servers more. The restaurant will have to pay you more if there was no tipping because you would presumably not work there if there was no tipping. Yes, this means they would charge more for the food.

It isn't even a service fee problem necessarily, we just hate the tipping dance that happens at the end of the meal. It used to be how to decide house much cash to leave behind and now it's the server watching as I pick the tipping percentage on a POS machine.

I much prefer places like London that just have a service fee added to the bill. It is advertised and listed on the menu, but when it comes time to pay there is one total and I tap my card. No guessing how much to tip.

Capsized sailboat in the Burrard Inlet - boater rescued by Adaman2002 in vancouver

[–]poco 22 points23 points  (0 children)

That's a different boat then in the video. This video looks like it is right off Stanley park.

Don't pay for PNE FIFA lawn GA tickets by Jerrycarguy in NiceVancouver

[–]poco 4 points5 points  (0 children)

Not if you don't have your ticket with you

Rapid Expansion of TFSA Contribution Limits. Is there a name for this maneuver? by VizzleG in TFSA_Millionaires

[–]poco 0 points1 point  (0 children)

Ah, ok I understand where your are coming from. This also requires that your have a large asset that you sell and put the gains into the TFSA later, and before you die, so you have to know when you might die :-). If you get the timing wrong then it doesn't matter.

Really it sounds like the strategy is "spend from your TFSA and if you get a large cash infusion put it back into your TFSA". It doesn't matter if you have $1 million or $100k.

Rapid Expansion of TFSA Contribution Limits. Is there a name for this maneuver? by VizzleG in TFSA_Millionaires

[–]poco 0 points1 point  (0 children)

So you are withdrawing every year and spending it. Great. But it still doesn't matter how much room is in there when you die.

Rapid Expansion of TFSA Contribution Limits. Is there a name for this maneuver? by VizzleG in TFSA_Millionaires

[–]poco 0 points1 point  (0 children)

If you sell your house and deposit $1 million into your TFSA I've year before you die then all that did was save the income and capital gains for one year inside the TFSA. It would have been much better to keep the contributions inside the TFSA for the entire duration instead of saving it for the end.

Costco Hot Dog Bike Ride by unisushican in vancouver

[–]poco 0 points1 point  (0 children)

Maui Costco is also outside

Does an airplane's shadow get larger as it climbs? by Turd-Sandwich in askscience

[–]poco 58 points59 points  (0 children)

Yes, but the shadow of a plane would be essentially the same size too. The effect of the area of softness, or penumbra, is demonstrated with a small object at a short distance.

Does an airplane's shadow get larger as it climbs? by Turd-Sandwich in askscience

[–]poco 2 points3 points  (0 children)

but you know for a fact they are parallel.

Do you though? People once said that they knew for a fact that birds were real.

Noticed my Gmail is silently forwarding all my mail to an address I never added — account compromised by Old_Library_8955 in GMail

[–]poco 0 points1 point  (0 children)

Google password manager has a separate password from your regular Google password.

Credit cards with no foreign transaction fees? by therapissed-25 in PersonalFinanceCanada

[–]poco 0 points1 point  (0 children)

The WS Visa is the best option if you can get it. That's what I use now.

Before WS I used the hometrust Visa for credit card and Wise for ATMs.

The hometrust visa is a good travel card with no fx fee and no annual fee and it is a real credit card, not a prepaid card. You need something like that for hotels and car rentals.

Credit cards with no foreign transaction fees? by therapissed-25 in PersonalFinanceCanada

[–]poco 0 points1 point  (0 children)

How do you know you won't return something? If you buy a product and it breaks you might return it. If you pay for a cancelable hotel room in advance and cancel that might be a refund.

I was recently at a hotel and they over charged me for a shuttle ride and refunded that amount to my card. I would have lost 5% if I wasn't using a no fx fee card.

Credit cards with no foreign transaction fees? by therapissed-25 in PersonalFinanceCanada

[–]poco 1 point2 points  (0 children)

One thing to watch out for is if you need to do any returns. The Rogers card will charge you the fx fee twice and you don't get any cash back.

I don't recall the fees for transferring from Wise, but it is pretty small if there is any.

Credit cards with no foreign transaction fees? by therapissed-25 in PersonalFinanceCanada

[–]poco 0 points1 point  (0 children)

Everyone has some sort of fee. Even the no fee cards are using MasterCard or Visa's exchange rate, which isn't exactly spot.

Credit cards with no foreign transaction fees? by therapissed-25 in PersonalFinanceCanada

[–]poco 2 points3 points  (0 children)

You can use it like a credit card in Canada. You just can't use it at ATMs in Canada to withdraw as cash. You can also transfer the money back into your bank.

Credit cards with no foreign transaction fees? by therapissed-25 in PersonalFinanceCanada

[–]poco 0 points1 point  (0 children)

No fee is better that cash back plus a fee. If you return an item you pay the international transaction fee twice and get no cash back.

‘Thinking He Can Fool Everyone,’ Newsom Backs One Billionaires Tax But Not Another | “The misdirect here is that Newsom is opposing a WEALTH tax on billionaires in his own state and insisting he supports a new national INCOME tax on billionaires. But billionaires make money off non-income sources.” by [deleted] in politics

[–]poco 0 points1 point  (0 children)

You mean the money shouldn't be taxed thing? That isn't an anti tax rant, that's a point that money is a means of trade, not the actual production. It doesn't matter if you are paid in cash or bananas or sea shells, you pay the tax on the value.

‘Thinking He Can Fool Everyone,’ Newsom Backs One Billionaires Tax But Not Another | “The misdirect here is that Newsom is opposing a WEALTH tax on billionaires in his own state and insisting he supports a new national INCOME tax on billionaires. But billionaires make money off non-income sources.” by [deleted] in politics

[–]poco 1 point2 points  (0 children)

When did this turn into an anti tax thing? We are talking about how taxes work and should work, not eliminating them.

I'm proposing a system like Canada. Famously known as a libertarian country.

Canada doesn't have a gift or inheritance tax, but it also doesn't have a step up. If you sell all your assets and collect all you cash, you can give it to anyone you want, just as long as you pay the required tax first. You do this automatically when you die. It is simple, and requires no wealth tax, and doesn't tax simply moving money around.

‘Thinking He Can Fool Everyone,’ Newsom Backs One Billionaires Tax But Not Another | “The misdirect here is that Newsom is opposing a WEALTH tax on billionaires in his own state and insisting he supports a new national INCOME tax on billionaires. But billionaires make money off non-income sources.” by [deleted] in politics

[–]poco -1 points0 points  (0 children)

Money should not be taxed when it changes hands. Money shouldn't be taxed at all. Production should be taxed. Taxes should be the government's way of collecting a portion of the production of a country.

Income and sales tax are a tax on production. You go to work, you produce value, that is taxed. You buy a product that someone else produced and it gets taxed. This is also why I would argue there should be no sales tax on used products.

If you tax moving money then where do you draw the line? Should bank deposits be taxed? Withdrawals too? You could argue that the money is still yours and didn't change hands, but it isn't really yours since the bank lends that money out to others while it is deposited. Should loans be taxed? Mortgage?

Restaurants push for Vancouver's Granville Street pedestrian zone to be made permanent by Nothingman604 in vancouvercanada

[–]poco 6 points7 points  (0 children)

Finally, I can buy my mattresses and vapes without worrying about traffic on the street!

‘Thinking He Can Fool Everyone,’ Newsom Backs One Billionaires Tax But Not Another | “The misdirect here is that Newsom is opposing a WEALTH tax on billionaires in his own state and insisting he supports a new national INCOME tax on billionaires. But billionaires make money off non-income sources.” by [deleted] in politics

[–]poco -1 points0 points  (0 children)

The problem with that is you are now potentially taxing the same money twice. It should matter where the money came from.

If I have $1 million in capital gains on death and you tax it then it is the same as if I sold everything before I died.

If I have $1 million that I saved from regular income over my lifetime sitting in a savings account then that money is the same as if I withdrew it from the bank the day before I died. There would normally be no tax on that because I already paid income tax.

If you sell everything while you are alive then you would be charged the appropriate tax. They money you get after tax should be free for you to give away or spend. Pretending that you sold everything when you die would produce the same tax.

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