Because by that point, the Boomers will have been soaked for trillions by the LTC industry. The investors will have already be rich and will have moved on to the next victim.
Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a...
Since LTC was privatized, the cost of care has skyrocketed, and the LTC industry and it’s hangers-on are salivating at the idea of soaking Boomers for every cent their house equity is worth.
This isn’t poetic license on my part, either. I’ve been in board meetings with executives who say exactly this: their five- and ten-year plans amount to “suck the Boomers dry”. The former premier of Ontario, for example…
Trudeau and his government are just the latest in a long line of neoliberal tools that started with Mulroney: killing unions, watching as companies’ pension funds were underfunded, destroying bonds as a viable savings mechanism, allowing the stock market to become a lottery of quarterly price-inflation: all of it because the market values next quarter over next-quarter century, and each government was convinced that somehow, some way, it’d all work out, or at least that by the time it crashes they’ll be out.
Not their problem. They, and especially their backers, expect to be well out of it by that point. The rich don’t really think about the future; they think about how things were in the past, and how to keep it going, but they don’t really plan or fret about the future because they don’t have to.
If you want this problem to be fixed sooner, the government and their backers need to start being afraid enough for their bank accounts, if not their lives, to do something now.
That’s how we got the modern welfare state: the rich and their pets in government were afraid they’d get Russia-in-1917’ed and begrudgingly put in the supports needed to prevent people from being that pissed off. After all, we’d just had a world war and there were millions of vets returning with PTSD and training and an informal support network, and they weren’t going to put up with a repeat of the 1930s.
Every action since then is the rich trying to claw back the New Deal and it’s equivalents in other countries.
Win general elections; vote blue no matter who. 2 Primary out the corporatist candidates every chance there is, right down to the level of school trustee.
This actually works, as we’ve seen with the GOP and their turn to rabid fascism. It can also work for good.
Yup, but it’s possible to slow that rate and (if we’re smart and motivated) geoengineer ways to reverse it.
Again, though, it would require the rich to make less money.
But yes, in general I agree with you; even if we pull out the stops we’re already locked into some kind of increase, but that worse part is that it seems like we’re going to do is go hell-for-leather because the rich don’t have all the money yet.
That would be true of landlords didn’t also know that and, in turn, redline rent to the maximum tenants can possibly pay.
I don’t know about the US specifically, but In Canada, investors big and small have bought up all the rental stock and rents are now maxed out beyond what many people can pay.
His posting of a video of a man cursing at Joe Scarborough sends a broader message: If elected, he’ll use state power to come after countless other Americans.
Because these people write big endowment cheques to the university, whereas faculty and students are just blood-sucking overhead.
This is interesting to watch, in sad sort of way: the universities were generally fine with protests and activism as long as it didn’t cost them anything or threaten their donors’ ego. LGBTQ or race issues? Fine, that’s okay, no threat there, heck painting things rainbow and waving flags makes us feel good! Offend some rich donors and out comes the proverbial–if not literal–nightsticks.
I still remember being at UofT in 1995 and the only protests (on campus, not those directed at Harris) were when the administration got uppity that bands and student groups were making it hard to hear the TD Bank pavilion’s marketing spiel as they tried to hook students on 25% credit cards. Normal drunken debauchery-slash-activism was fine, but don’t dare get in the way of profits!
I’d posit that a point you’re missing under “We need” is "to tax the rich more to pay for the services and supports needed to manage the number of immigrants we plan to build.
You’re right about immigration, but the problem, like anything our governments (LPC or CPC) do is that they’ll do half the solution; the easy, cheap part (immigration, decriminalizing drugs, setting healthcare and education standards) but not the hard and expensive part (building infrastructure, providing treatment and housing-first at scale, actually spending money on teachers, doctors and/or nurses), and the reason they do the cheap part is they’re ideologically unable to ask the rich to make do with less.
I mean, Windows 98’s “Active Desktop” was pretty much this.
Someone at Microsoft has been trying to make MSN a thing for almost thirty years, and they’re sure that if they ram it down out throats just one more time we’ll finally accept it.
Recent voter surveys say between 14% and 22% of under-30s would vote for the far-right Alternative for Germany party in the upcoming European elections. But who are these potential voters?...
We’re going to get fascism back purely because the neoliberal idea of fucking over everyone for the greater glory of the wealthy, while strip-mining brown people for every bit of value apparently has consequences.
Imagine how nice the world would be if we could have convinced the wealthy to make do with less?
Remember the red line on Russia with regard to the first invasion of Crimea? Or Syria even earlier?
Obama, and now Biden, actually embolden autocrata with spineless moves like these. Netanyahu’s going to keep pushing because, line a toddler, he’s not sure where the actual “red line” really is.
A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday....
Oh no, not the capital investment! Anything but that!
For the record, the oil industry’s global profits were $4T. Not revenue, profit. $75B in investment sounds like a lot, until you realize all it means is that they’ll need to dig into that $4T to fund stuff, and that $75B is less than two percent of $4T, and the actual hit to revenue and income will be even less.
(The Conservative one is similar, only they spend the money to get a Big Four accounting firm to do an audit to tell them there’s no fat to trim need to invest more)
Trudeau says housing needs to retain its value (www.theglobeandmail.com)
In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing....
Which is which? (sh.itjust.works)
Right-wing Heritage Foundation trolls Pride month by declaring June 2 "Ex-Gay Visibility Day" (www.lgbtqnation.com)
Loblaws boycott: Costco and Walmart are Canadians’ top low-cost grocery store alternatives (cultmtl.com)
A new study by Léger has assessed Canadians’ perceptions on the Loblaws boycott, which is currently underway over claims of greedflation.
Canadian Home Prices "Need" To Be High To Pay For Retirements: PM - Better Dwelling (betterdwelling.com)
Canadian real estate prices have surged in almost every market, with a typical home price doubling in many regions. A median household in major cities like Toronto and Vancouver would need to save over 20 years for just the down payment, more than 3x the historic average. Seems absurd? The outlandish scenario was apparently a...
Minecraft 15 years (lemmy.world)
Trump Said to Be Weighing White House Advisory Role for Elon Musk (www.thedailybeast.com)
Incumbent Democrat Who Voted to Ban Gender-Affirming Care in Texas Loses Primary (truthout.org)
The Raiding of Red Lobster (prospect.org)
‘Unbearable’ heat in Delhi is testing limits of human survival (wapo.st)
Note that there are two common “wet bulb” temperatures used in discussion:...
Texas GOP platform calls for ban on same-sex parenting because being gay is "abnormal" (www.lgbtqnation.com)
Yes, this article is from 2024
Denmark Made Home Buying Easier. America Should Follow Its Lead. (www.businessinsider.com)
Ontario mom pulls Jewish daughter out of high school after antisemitic 'culture' event (nationalpost.com)
Salesforce shares plunge 16% on first revenue miss since 2006 (www.cnbc.com)
Trump’s Ugly, Hateful Attacks on Media Suddenly Take a Dangerous Turn (newrepublic.com)
His posting of a video of a man cursing at Joe Scarborough sends a broader message: If elected, he’ll use state power to come after countless other Americans.
U of T faculty who don’t leave pro-Palestinian encampment before deadline could face termination (www.theglobeandmail.com)
Posthaste: Canada could face two more decades of stagnant growth, report warns (ca.finance.yahoo.com)
If Windows XP was released in 2024 (lemmy.world)
Credit: grimgreenfo.rest/notes/9tn7wtthrdb5013t
Why are German young people so easily seduced by AfD's ideas? (www.euronews.com)
Recent voter surveys say between 14% and 22% of under-30s would vote for the far-right Alternative for Germany party in the upcoming European elections. But who are these potential voters?...
White House says Rafah strike does not violate Biden’s warnings to Israel (wapo.st)
Gift link, so no paywall
Oil and gas lobby group says emissions cap could cost sector $75B in lost investment (www.cbc.ca)
A new report commissioned by an industry lobby group on the federal government’s proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday....
US Speaker Johnson: "We don't put any international body above our sovereignty" (youtu.be)
Alcohol sales coming to Ontario corner stores by September (www.cbc.ca)