Jarry Capital

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor So back to being a communist…

This is where our conversation ends. Go read some Hayek, some Friedman, some Econ 101.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor The more public sector you have and the more the government incentivizes home ownership, the less capital there is to go to wealth producing private sector.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor They can migrate legally, and our government shouldn't have tranformed asylum immigration into economic immigration.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor CMHC bigger than ever.
Social services are much greater today than when my boomer parents were kids; public daycare being an obvious example.
We're back to almost 1 in 4 person in Canada working for the government.

Your narrative isn't factually correct.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor See, I think you got it all wrong.

The cost of housing crisis isn’t caused by billionaires, it’s caused by (a) decades of pursuing those policies that were originally smart post WW2 but have huge unintended consequences; (b) mass immigration; (c) regulations and red tape

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor You’re contradicting yourself.

You say Gov gave huge inflationary stimulus because they’re captured by the capitalists…

And then you say deflation (the opposite of inflation) hurts the lesser privileged.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor Yet the GPD per capita of « poor southern states » like Alabama are higher than Canada…

But I hear you, so you must really be against illegal immigration and mass immigration since it’s just a way for the rich to maintain an ultra low cost workforce. Right?

[Jarry Capital @JarryCapital]

@DrJMedina go for the 2, you'll be able to buy the 10 higher in the future, most likely

[Jarry Capital @JarryCapital]

@DrJMedina Have a good night's sleep. We're all very happy to see those distinctive looking charts back in our feeds ;)

There is blood in the water...

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor This is an irrelevant comparison to our time.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor Inflationary and non economically productive policies of our governments were actually terrible for the poor and enriching the asset owners.
Stop trying to steal wealth from those who have, and focus on enabling those that don't but can and will create wealth to be able to do so

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor "Canada's crux, like elsewhere..." but why is it that Canada's CGP per capita flatlined the last ten years while the US kept going up? Is it because the US doesn't have those pesky billionaires?

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor Communism is never the solution.

Canada is already extremely socialist and leftist, which is part of the reason why the GDP per capita hasn’t grown over 10 years.

Requiring even more from the rich at this time will only accelerate our economic downfall, not help the poor.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor Did billionaires exist during the 2010s, a period of sub 2% food inflation?

Did it occur to you that crazy covid policies, the Ukraine war and massive immigration surges were much more important factors than corporate/billionaire greed?

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor You’re indeed quite polite, but if I may, calling out fools publicly is actually a service to society.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor The billionaires must get out of the way, what does that even mean?

I hope you own a lot of shares in those groceries if you believe they’re truly able to extract above normal profits.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor You’re a fool. They’d deliver a lesser service and at a loss, subsidized by taxpayers.

(Learned the last term in some economic course or via ChatGPT 5 min ago?)

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor Do you truly believe that the government would be better at running grocery stores? If so, you’re telling me you’ve never run a business and/or never opened a business/economics book in your life.

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor You do realize most Canadians are also shareholders right? And that Metro isn’t a family affair…And that it’s a reach to call it an oligopoly considering Costco, Walmart and other compete with traditional Canadian players and that there are still many independent grocers

[Jarry Capital @JarryCapital]

@jofx @FoodProfessor Do you realize how thin their margins are? How much investment they each make in order to maintain great stores, introduce new products, offer good deals? There’s strong competition. When you have 2-3% margin, if you make a mistake, all of sudden you lose money.