So, people with more education get better jobs, and people with better jobs make more money. This simple relationship seems to be lost on political thinkers since in politics money is not earned and there is no connection between work, productivity and wealth. So it is no wonder they think wealth pops up out of the ground or falls from the sky with no work, risk, brains or effort required and therefore if one person has more than another it must be "unfair".
I left a what I thought was a great paying job on the railway to go to college and university. Spent five years working and attending classes. Then I worked hard, often twelve hour days, in order to make commissions during various recessions. Several moves, lots of personal sacrifices by me and by my spouse and children. Yes, I earned a very good income. But there was a reason for it. I did not do 8 hours a day with time and a half or double time if I worked an extra 15 or 30 minutes. It is how I ended up in what might be called the top 1 or 2 percent of income earners prior to retirement. No secret to it. Nor am I ashamed. It was all about choices. It is also about risk and reward. Do I put my savings in term deposits or CSB's or do I place my money in the market or in a new business with high risk? Or do I go out and buy a new car, new sound system, or take an exotic vacation?
I have some nieces and nephews that have done the same. Years in training, hard work, launched their careers, willing to move away from mommy and their high school friends. I also have a few others who have gone no where. Too lazy or lacking in foresight to invest in their futures. Stuck in minimum wage type employment in service industry jobs. They no doubt want to tax the rich. They pretend to resentful and spout off that foolishness. Instead, some of these people should look themselves in the mirror and be honest about how they got where they are. Or did not.
That would be perfect. Lets give everyone a raise. But keep prices at the same level otherwise inflation will eat up most of that wage increase AND some folks may end up paying slightly more income tax. And when products are increased in price to the extent that imported goods are less expensive we will have two choices. Lay off people or move them to other occupations or impose tariffs.
Heck we could ensure lots more employment in the auto industry if we imposed a large tarriff on all automobiles and parts. Oh...but then the price of automobiles in Canada would increase substantially. Forgot about that.
There is a harsh reality to the laws of economics. In our province, years ago, we had a Premier who wanted to combat poverty by printing more currency. Some people at the time thought that it was a good idea.
This is a very interesting interview with George Gao, director-general of the Chinese Center for Disease Control and Prevention (CDC) (PhD from Oxford!)
Not wearing masks to protect against coronavirus is a ‘big mistake,’ top Chinese scientist says
Not just about masks, but about how the...
I am a Canadian citizen by birth and a life long resident of Canada. I can obtain UK citizenship by descent from my mother, who was born in England. (Cost about 160 C$) I know that the UK is no longer part of the EU so it would not help with EU travel, but are there any negatives (cons) to me...
Not really sure where to put this, but here is an interesting article about the two companies. Coincidently or not so coincidently, when one was falling, the other was rising.
Not that the Nortel wasn't...
You may or may not have noticed that now that we are starting to get Covid under control, nothing has been said by the Ontario government (or any other provincial government that I am aware of) as to how we are going to overhaul our Long Term Care system. It's back to 'ignore the elderly'.
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