Andrew

Comradeship and serious joy are not interludes in our travel; but that rather our travels are interludes in comradeship and joy

[Andrew @andykinzie]

@6Voodoo In all fairness to Netflix, The History Channel is behind the Grant Miniseries, it came out like 9 years ago, they just picked up the rights.

[Andrew @andykinzie]

@oracles_studio @MeghanMcCain Create federal non-partisan elections organizations to do the districting and enforce election laws. It's not difficult to do but it's difficult to start since the state/federal Democrat and Republican parties have a vested interest in keeping the current power structures

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend You know that for a fact? That without the 1990s CPP reforms that taxes would be lower today and it would've all turned out alright? Damn, I guess I ran into Nostradamus on twitter. Talk about an argument rooted in wild assumptions and bad faith.

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend Complain about the CPP all you want, is there room for reform? Sure but there's really no room to argue for a return to PAYGO or solely using domestic treasuries. You want to reform something and manage increasing tax burdens? Then fixate on OAS and increasing expense from there.

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend So the CPP tax is lower than estimates 30 years ago, 10 years past the estimate date and you're saying that's no good? And the prevalence of pension plans in private workplaces has fallen by 50% in the past 50 years, making people definitely less reliant on CPP in the future?

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend PAYGO was estimated to be 2-3x higher than that by now. You've created this fantasy hypothetical where we'd do Paygo, we'd be paying premiums like it was the 90s still, pensions only buying CAD treasuries, and yields from said treasuries somehow not coming from taxes

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend It's objectively false to argue that Paygo worked great, I'm assuming that you're older based on this argument because you wouldn't have had to shoulder the increasing contribution rates this system would've placed on younger generations to ensure that the pensions stayed funded

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend We moved away from Paygo because the country's demographics couldn't sustainably support that model of funding. I think you and I are aligned in that we want greater investment in Canada and the success of our country. We're not aligned in government dictating investment usage.

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend For sure man, the Canadian Treasury environment is definitely the same today as it was in the 90s, with 10yr rates of return around 1% and yields below 4%. Yeah, that will definitely fix the pension underperformance Mike was originally referencing at the start of our thread...

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend Hahaha, best of luck with that, our conversation ends here if that's what you've been driving at all along. Politicians would never make politically convenient decisions motivated by near sightedness, right? Or lobby efforts would never dictate where capital gets directed, right?

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend How does a pension fund invest in boosting domestic capabilities if the domestic firm isn't attempting to increase productivity? Unless your suggestion is that we should mandate a form of corporate subsidy for Canadian firms? Sounds efficient and totally not ripe for absuse.

[Andrew @andykinzie]

@messputt @Leur201 @MikePMoffatt @JimBeamMyFriend How exactly does "investing" in Canadian companies help them increase their productivity by purchasing shares in domestic firms? Unless you're buying at IPO, you could be buying shares of a CAD company from a Chinese investor for all you know and that money is still leaving?

[Andrew @andykinzie]

@messputt @MikePMoffatt @JimBeamMyFriend What is this take? Let's just stop investing?

[Andrew @andykinzie]

@sleep_magnets @oliveegger The support you're lending to this administration for their characterization of a gun carrying citizen is constraining your rights. What's to stop another admin from using the same logic to justify control over where and how firearms are carried?

[Andrew @andykinzie]

@MikePMoffatt @JimBeamMyFriend I like you but what are you talking about here? We're talking about credit strategies and you're replying with some sort of trite chirp about using passive investments for credit exposure? In an asset class historically known for a heavier OTC method of trading??

[Andrew @andykinzie]

@ElectrikRich @TerryMoran So UK, France, Germany, Denmark, Canada, New Zealand, etc. as the list goes on? You know what countries typically don't do mail in? Democratically dubious countries like idk Russia?

[Andrew @andykinzie]

@cincy_pj @TristanSnell I think most people tend to forget with hindsight how scary March 2020 was, the circuit breaker to halt trading was triggered 4 different times in March 2020 due to the market declining so quickly

[Andrew @andykinzie]

@antipharmagirl @Acyn Why would domestic producers keep their prices significantly lower than tariffed products? They can raise their prices by 24% and still be lower. Tariffs aren't going to do what you think they will, this is interference with markets that were already operating efficiently.

[Andrew @andykinzie]

@RussCote @smilerz91 @JStein_WaPo But tariffs can't replace income tax in the long run, if tariffs work and bring production back to the US then tariff revenue should fall to $0 eventually if there's no longer importing happening

[Andrew @andykinzie]

@buddyperdue @JDForrest129 @AP Because the other countries want to ensure that their citizens only buy domestic products, so the counter tariffs make buying American less attractive. It's an endless cycle of pain where ultimately the consumer loses by paying higher prices to protect domestic industry.