@Wealthsimple Why are you not allowing 38% of small businesses to sign up for your business chequing account? Sole Proprietorship is a legitimate and formidable demographic in Canada.
Christopher Hitchens: ”In 1786, when the United States was barely a country, it was having its sailors taken as slaves by the Barbary states, the states of the Ottoman Empire and North Africa. Tripoli, shores of Tripoli. Ships stopped, its crews carried off into slavery. We estimate 1.5 million European and American slaves taken between 1750 and 1815.
Jefferson and Adams went to their ambassador in London and said, why do you do this to us? The United States has never had a quarrel with the Muslim world of any kind. We weren't in the crusades. We weren't at war with Spain. Why do you do this to our people and our ships? Why do you plunder and enslave our people? The ambassador said very plainly, Mr. Abdul Rahman said, because the Quran gives us permission to do so, because you are infidels, and that's our answer. Jefferson said, well, in that case, I will send a navy which will crush your state, which he did.
Islamic fundamentalism is not created by American democracy. It's a lie to say so. It's a masochistic lie, and it excuses those who are the real criminals, and blames us for the attacks made upon us.”
November 2023. The most powerful companies on Earth lined up to make him kneel.
Disney. Apple. IBM. Comcast. They pulled their money and waited for the apology.
The whole press corps wanted one word out of him. Sorry.
Sorkin leaned in and offered him the exit. Just walk it back.
Musk: “If somebody’s going to try and blackmail me with advertising, blackmail me with money, go fuck yourself.”
No retraction. No cleanup post at 2am. No quiet calls begging the brands back.
They wrote that it was over. That he’d finally buried his own company.
He was worth around $230 billion that night.
This week SpaceX went public.
He became the first trillionaire who has ever lived.
Forbes puts him at $1.1 trillion. Almost four times the next richest person alive.
This was never about him.
The people threatening you only hold the power you agree to hand them.
Every time you apologized to keep the peace, you taught them the price was you.
He refused to pay it once, in front of the entire world.
The world blinked first.
The crowd never remembers who knelt. It remembers who refused to flinch.
The only person who can ever make you beg is you.
🏴 En Inglaterra, una periodista fue a un barrio de musulmanes a decir que ellos son PACIFICOS
y al rato apareció una banda de musulmanes a decirles que se vayan porque los iban a matar☠️
País destruido por la agenda 2030.
Elon Musk just created a windfall of $12 billion USD for the Ontario Teachers’ Pension Plan, thanks to their investment in SpaceX.
That’s nearly $17,000,000,000 CDN.
The communists who run the union will still complain about him.
A welder took a $28 an hour job in 2015 at a company he had never heard of.
On Friday, Juan Hernandez became a millionaire.
He spent ten years building the structures that lifted rockets onto the launch pad. SpaceX paid him partly in stock, the way it paid its cooks, machinists, technicians and cafeteria staff, equity instead of bigger salaries. His $10,000 grant grew into $880,000 at the IPO price. The first day pop carried it past a million. He is 42, an immigrant from Mexico, married, three kids. He says he is keeping the job.
He is not the outlier. He is the pattern.
4,400 current and former SpaceX employees became millionaires on Friday. One in five people who ever badged into the company. About 400 of them are walking away with $100 million or more. One employee took every cash bonus in stock instead of money. He is sitting on 50,000 shares, worth more than $8 million at Friday's prices.
And then there is the other side of the cafeteria.
Some employees sold their shares years ago, certain the company would never go public because Musk said he hated public markets. A few traded their stock for restaurant gift cards. The New York Times says they are consumed by regret. Same grant, same building, same years. One group held the claim. The other ate it.
None of the winners can touch the money yet. The first selling window opens after the August earnings report, and the rest unlocks in waves through December.
Underneath all of it sits the only lesson the market ever teaches. The welder and the gift card came from the same place. The difference was never the work. It was the ownership. Salary pays for the month. Equity pays for the era.
A cook in Brownsville just answered the question every buyer of SPCX is asking at $170: what is a claim on this company actually worth?
The piece prices that exact question at $2.2 trillion.
Indians and Pakistanis do not assimilate and they barely integrate. I’ve dealt with of all them and their religions for 35 years. Canada is a great example of the issues that a country faces with them immigrating and Surrey BC and Brampton ON are prime examples of what really happens. And while Sikhs tend to be the most honourable, they’ll still stab you when their egos are hurt. They all will. Multiculturalism does not and never will work, there has to be one dominant controlling culture, and the west is dying because we don’t stand up for ours anymore. What we see happening in the UK is now spreading in Canada. My Canadian 2 cents.
In 1696, the British government decided to tax sunlight. Under the Window Tax, households were charged according to the number of windows in their homes. To avoid paying, many people simply bricked up or boarded over their windows, choosing to live in darkness rather than hand money to the state for daylight.
The tax was presented as a fair way of taxing wealth, since larger houses tended to have more windows. In practice, it proved crude and damaging. Tax inspectors were given the power to enter homes and count the windows, which was widely resented as an invasion of privacy.
The consequences were severe. Poorer families, in particular, bricked up windows to reduce their liability, leaving homes darker, damper and poorly ventilated. This contributed to higher rates of disease, including tuberculosis and rickets. Architects began designing houses with fewer windows to minimise the tax, resulting in buildings that were less healthy and less pleasant to live in.
Far from being an efficient revenue raiser, the Window Tax distorted behaviour, harmed public health and became increasingly unpopular over time. Yet it remained in place for 155 years until it was finally abolished in 1851. The Window Tax required invasive enforcement and created more resentment, hardship and economic distortion than revenue. It is a classic example of the unintended consequences of taxation.
Major cheat code for life: Be fully where your feet are. When you're at work, work. When you're with family, be with family. When you're resting, rest. Most people are physically present and mentally everywhere else.
Honestly, the branding is confusing now. The main chequing is Prepaid Mastercard. This kids account is VISA prepaid? The business chequing is VISA prepaid.
You need VISA debit all round, there are absolutely too many limitations on prepaid cards online. VISA debit gets around your international transfer limitations and also opens up more online abilities.
I love all the additions but don’t let the simplicity of WS get confusing as you add services.