Canadian Personal Finance Blog

Archive for December 8th, 2006

So what have we learned this week kiddies? We Canadians are a much richer lot than we were 6 years ago, however we are also spenders who have driven up our debt load as well, which is never a good thing either. I don’t think I am any richer, monetarily at least, in life I am richer every day for other reasons. Debt-wise, indeed, I am one of those “spending” folks, so I cannot argue that point much either.

What else have we learned? Canadians should be taxed more, so that they can have a better standard of living (I chuckle every time I write that one). Again, I think I am agreement in that I think I am a Socialist at heart, but as you get older, it is much harder to hang on to your socialist leanings, I guess because you look at your tax burden and wonder if anyone else is helping out. I’d like to see a report on how governments could run in a more streamlined fashion, and get costs savings there, and also how they could get themselves out of debt, because that is our government’s biggest problem, is their MASSIVE debt load.

We also learned that most of the wealth in this world is held by 1% of the people. If you are one of those 1%, remember to help those in need (like poor bloggers, there is a donation button on the far right . That is something the world needs to work on. The world is getting smaller, and that means you keep getting new neighbours, because now you know about their troubles, when maybe 20 years ago you didn’t. Shedding light on issues is a good thing, but if nothing is done about it, all it does is make us sadder for knowing it.

An interesting week, where some might wonder what monkey was on the keyboard typing it, but still an interesting week. Remember this is a good weekend to start a new financial plan and a good time to finish your Holiday Shopping (be it Chanukah, Christmas, or Kwanza). –C8j