@MSBIntel Tokenization on ETH? But it's slow and can't scale with transactional costs very well. Oh yeah, that's the dinosaur tech they want you to think they will use. Classic
Mayor Olivia Chow says Toronto's $380M World Cup bill isn't coming from property taxes.
Okay.
But hotel levies, provincial funding, federal funding, and corporate sponsorships aren't free money either.
They're still taxpayer dollars and economic resources.
So where's the final cost benefit analysis?
How much revenue will Toronto actually keep after the event?
Because "people will eat and drink" isn't an audit. ๐จ๐ฆโฝ๏ธ๐ฐ
Absolutely incredible debate from the UK today in the wake of Belfast and Henry Nowak - well worth listening to.
Who is she I couldnโt find her anywhere?
Tomorrow is Tax Freedom Day. Thatโs the day when the average family, has fulfilled its tax obligations, and paid all the taxes to the government.
In other words, if you had to pay all the taxes, owed to all levels of government, upfront, you would be free of all taxes on June 9, and the rest of your earnings for the rest of the year, would be yours to keep.
Essentially, the average family has worked for the government for nearly 6 months.
So tomorrow, June 9th, is whatโs known as Tax Freedom Day, marking the first day you keep what you earn.
The Fraser Institute did a study & found that 43.5% of the average Canadian familyโs income goes to taxes.
And thatโs before the $113 billion in deficits the federal and provincial governments are running this year.
If you add those in, and the real Tax Freedom Day is June 25, meaning, you work for the government two weeks longer before you get to keep what youโve earned.
๐จ๐บ๐ธ๐จ๐ณ Canada is the only G7 country in a technical recession: resource rich on paper, with none of it being extracted fast enough to matter.
David Lin says China saw this coming a decade ago and spent that time building the world's largest EV industry to reduce dependence on Gulf oil.
The West waited too long.
Starting a mine takes 10 to 15 years. The minerals are in the ground.
Nobody can get to them in time.
@davidlin_TV