Our Benevolent Leader...JT is going to pick up the Tab:)

[JBen]

Multi generational homes are becoming a thing Mike. Common amongst societies we look down at......
Five maybe 8 years ago some speculated more developers would start building more homes with a master on the main floor ( so that elderly parents). One divorced lady I know bought one. She's in it for now, renting out the upstairs to a divorced guy that is on a shoestring budget. Space and cost, and land being a precious commodity I suspect......they quickly ran out of flavour, in favor of links, towns and condos.

I don't know how this spun off....actually I do.

Big brother and taxes.
No doubt a couple people here will just blow their gaskets if JT finds the stones to piss off a whole bunch of people and perhaps rightly ( im on the fence) changes the tax treatment of capital gains so that he can pick up the tab.

[Gilroy]

Maybe because it is the same two guys who say, work hard, save your money, don't need all the 'extras', live frugally. Maybe we leaned that from our parents, hence.......

Might I add to that no divorce.

[JBen]

becoming more and more common Gilroy. We grew up in different times.
Number 1 cited reason for divorce? Financial strains.
/points to 2020
and couples being locked in the same room for months. Working remotely, in each others space 24/7. On top of mounting financial strain. There are reasons spousal abuse is spiking.

Now imagine the gutting should JT change the capital gains on housing, investments and more. Not only will couples be taking the standard kneecapping. Capital gains taxation and forced triggers....

Personally, theres a part of me that things he should change it, much like Harper had to find the back bone to change the way REITs were treated. Painful but is was the right call.

[SongDog]

For the fan boys

Sent from my SM-G960W using Tapatalk

[Gilroy]

JBEN

" You just don't know what the real world is like."

I statement like that from you is really very sad. Do you think we had the same start in life you did, because I can tell you are in for a big surprise. You might even look like the one with a silver spoon in your mouth.

So you made some bad choices, went down the wrong career path or in your case could not stick with one path, got divorced and also had bad health. Now we are some how responsible for your demise?

In relation to divorce I am helping my disabled BIL get through his separation for the last year. I have seen exactly how thing's can be manipulated by a cunning/criminal ex wife and how she could con the judicial system at least at the start.

So I have full sympathy for many of you folks that have gone through this terrible process. Its very one sided and is set up to basically enrich lawyer's and keep the court system in business.

So I think I know what the real world is like.

BTW I have not inherited anything in my life to date. But I have two siblings out of seven how managed to help themselves to most of my parent's estate, but that is a whole other story for another day and its not unusual in families.

[JBen]

Actually made some very good choices Gilroy. From group home to half way normal person. You don't want to get into a pissing match on that front. Perhaps the fact you and I may have crossed paths one night in regent park.....


What neither of you regularly do is walk a mile in other peoples shoes. Try to see what life is actually like
for the majority.....Me. I know I've been lucky.
And growing up as I did with friends back then that faced racism, profiling by cops, had nothing. Is one reason why I routinely stick up for "them". They do say after all we are products of our upbringing and experiences.

If either of you two even just once in awhile tried to put yourselves in the shoes of those......who struggle.
You of all people, given how often you argue people spend way beyond their means, might have paused long to think about what happens to a persons assets when thei die and they have mountains of credit card debt, Car/boats loans, a huge mortgage.......Wont leave a lot will it? Can you make up your mind for pete's sake?

And yet oddly you seem to think people will be getting inheritances ( let alone the above mentioned crap).

[Gilroy]

Actually made some very good choices Gilroy. From group home to half way normal person. You don't want to get into a pissing match on that front. Perhaps the fact you and I may have crossed paths one night in regent park.....


What neither of you regularly do is walk a mile in other peoples shoes. Try to see what life is actually like
for the majority.....Me. I know I've been lucky.
And growing up as I did with friends back then that faced racism, profiling by cops, had nothing. Is one reason why I routinely stick up for "them". They do say after all we are products of our upbringing and experiences.

If either of you two even just once in awhile tried to put yourselves in the shoes of those......who struggle.
You of all people, given how often you argue people spend way beyond their means, might have paused long to think about what happens to a persons assets when thei die and they have mountains of credit card debt, Car/boats loans, a huge mortgage.......Wont leave a lot will it? Can you make up your mind for pete's sake?

And yet oddly you seem to think people will be getting inheritances ( let alone the above mentioned crap).

Your pretty well off , if you think after 15 years working in Regent Park almost exclusively that I don't know what poor people go through, it was my actual existence, I spent more time with those folks than with my own family. OMG

If you had crossed path's with me in Regent Park and were on the other side of the law you would remember me because you would have ended up in the Don. LOL

So I think I have walked many, many miles both physically and mentally in other people's shoes. If you think I am harsh now you definitely did not meet me before. So you stuck up for folks that were victim's of profiling, well so did I and on one occasion it cost me 16hrs pay. Yes even COPS are victim's of racial profiling and systemic racism.

So back to inheritances most second and third generation Canadians I have seen managed to squander inheritances.

But that does not mean all of them and there will be a lot of money going towards kid's and grandkids, if you are a good FP you already know all this stuff.

[JBen]

Yes I am well off. Are those two words not relative? Yes they are. Relative to what/who????

Re Regent Park. I thought it necessary to remind you. I debated between that and a little girl in a boiler room. You know what the demographic in that block is/was like......Not people with comfortable lives..... People in R.P are severely disadvantaged, for the purposes of most discussions here, one extreme. The other extreme is those say in the top 5% or 10%.

I've visited the Don. I'll say that. You might recall the um, "alternative school" ( PC word for them back in those days) on the North side of Gerrard. More my hood and stomping grounds

Some have Pd them away, some have lost them for one reason or another ( some I've mentioned). While Boomers are sitting on a lot of wealth relatively speaking, the majority simply do not have much tp pass down. The issues around CPP, LTCs, this that the other, all these things that keep coming up.......I want to say amongst Boomers the average is about 150k. That's the average. So if 20% control 80% of the wealth.....

The majority....
Absolutely there are many that have put themselves in bad situations, lived way beyond their means. One concept I've tried a few times to articulate.
When your living paycheck to paycheck. As most people are, at what point thanks to this that and the other is using a CC not a question of being a Jones, but a neccessity?

Oh and about me and you crossing paths and me on the losing side.
funny, I never ended being handed a long sentance...That might suggest I outsmarted you? No?

[Gilroy]

[QUOTE=JBen;1136405]Yes I am well off. Are those two words not relative? Yes they are. Relative to what/who????


R. When I said well off, I meant well off the mark.

Re Regent Park. I thought it necessary to remind you. I debated between that and a little girl in a boiler room. You know what the demographic in that block is/was like......Not people with comfortable lives..... People in R.P are severely disadvantaged, for the purposes of most discussions here, one extreme. The other extreme is those say in the top 5% or 10%.

R. Did you know I found that little girl in that boiler room? That was 33 Coatsworth Cres, actually in 55 Division. First DNA conviction in Ontario and one of the first in Canada.

I've visited the Don. I'll say that. You might recall the um, "alternative school" ( PC word for them back in those days) on the North side of Gerrard. More my hood and stomping grounds

R. Know it very well, beside the Gerrard Tavern a place where I engaged in a little hand to hand combat.

Some have Pd them away, some have lost them for one reason or another ( some I've mentioned). While Boomers are sitting on a lot of wealth relatively speaking, the majority simply do not have much tp pass down. The issues around CPP, LTCs, this that the other, all these things that keep coming up.......I want to say amongst Boomers the average is about 150k. That's the average. So if 20% control 80% of the wealth.....
R. Then the Deputy Prime Minister must have her eyes set on another target?

The majority....
Absolutely there are many that have put themselves in bad situations, lived way beyond their means. One concept I've tried a few times to articulate.
When your living paycheck to paycheck. As most people are, at what point thanks to this that and the other is using a CC not a question of being a Jones, but a neccessity?

R. Well a credit card as you know is basically YOU giving yourself credit, it should not be extended to people who are not financially literate, this should be taught in the home and at school.

Oh and about me and you crossing paths and me on the losing side.

R. I never said you would be on the losing side, but that most people I had interaction with ended up in the Don.

funny, I never ended being handed a long sentance...That might suggest I outsmarted you? No?

R. Well if your talking Pen time not that many guys ended up that way, most under the two years .Did you outsmart me probably not I was busy locking up all sorts of people.

[JBen]

this could back and forth round and round she goes.

Point being.
The boys in blue are outsmarted at least half the time, by gutter rats and those that more often than not dont get through high school. The other half of the time, the justice system lets you down. Your free to feel otherwise, I might point out just how much money gets spent, and how many highly educated people trying to best them, win a few and losing

Boiler Room.
I remember that, and Emanual Jacques vividly. In part because I was spending way too much time there as well, and wasnt much older. Also recall our discussion about her, which is specifically why I mentioned her.

Re Credit.
Money makes the world go around. So does credit. If and when it ever dried up, our economy would grind to a halt.....Oh, wait sec, we today are just getting the smallest taste of it...Think about it T. Average Canadian debt these days is 170% of income.....Thats a very big boat, a very big boat of spending. Your paycheck, your lifestyle, everything.....Since around I dont know when it took off but lets say the 80s.

next topic.
inflation: What causes it, and subsequently who?????