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Stephen Harper just said it clean. The difficulties Canada faces cannot be blamed on Donald Trump. In too many cases they stem from bad decisions by our own government. That’s the whole file. You can spend the next year blaming the Americans and making excuses for the last decade...

198,823 次观看 • 7 天前 •via X (Twitter)

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David Friedberg explains that owning a home is worse than investing in stocks Calls it the "Great lie" FRIEDBERG: "This is one of the great lies. Convincing everyone that the great American dream is to own a house. When owning a house for a lot of Americans ends up putting all your capital in one asset, and you've got to basically get the price of housing to go up every year to keep everyone moving up the ladder." "So now, fast forward 30, 40, 50 years, young people can't afford to buy a house anymore because we've pushed the asset value up so much to try and make sure that everyone's got good household wealth." BARTLETT: "We are told. I mean, that's the sort of central idea once you leave university—is to figure out how quickly you can get a mortgage or buy a house." FRIEDBERG: "Great lie. It's one of the great lies. And there's a lot of countries where people have been able to accumulate capital and jump that ravine from labor to capital much more quickly when they don't buy a house because they can invest in stuff. They can buy, you know, the S&P 500, which you can just buy on an E-Trade or Robinhood account, and you can just own it; on average, it will make you 10-11% a year. You just put your money in that, you're making 10-11% a year, and it can go up every year, and you don't have to pay taxes. You don't have to pay property tax. You don't have to pay insurance. You don't have to deal with repairs and maintenance. All that sort of stuff. So, a lot of people would have been better off, depending on the markets that they're in. There's some markets that ballooned, but a lot of people would have been better off over the last 30 years actually owning the S&P 500 than owning their home and paying for the rent on a home."

Tony Jacob | FindaClip.com

433,375 次观看 • 1 天前

.david friedberg: “We are now at a moment where we are saying there is no longer private property in the United States. This is one of the foundational rights that the founders of the United States tried to create: a distinction between these other nations that everyone flees from, where a monarchy or a totalitarian government or some communist system says everyone owns everything together, or some small number of people own and control everything. And that’s what this always comes down to. Whether it’s a socialist state or a communist state or a monarchy or some other totalitarian regime, there’s a small number of people that own and control everything. And that is the brink that we’re on. Because they are trying to say, for the first time ever, there is no longer private property in the United States. That if the government can say everything that you’ve already paid your income tax on, and then you’ve bought and you now own, the government can take a piece of it every year based on the vote and the budgetary needs of an irresponsible fiscal legislature. We’ve lost it all. And that’s where we are. And we see this just passed in Illinois. People think it’s just crypto, just like they think that billionaire tax is just billionaires. But anytime the government can take your private property after you’ve paid your taxes, bought something, and put it in your garage, we are done for. That is when the politburo has unlimited capacity to tax and take and do what they want. That’s the moment we’re at.”

Arjun Khemani

72,169 次观看 • 2 个月前