Election Time, April Fools!
Election time in Canada means lots of promises, phone calls galore, signs going up and reporters looking for any candidate who might slip up and actually say something original. Nothing much too exciting this week, however Gilles Duceppe seems to be having the most fun (at the expense of the Tories), firing pointed barbs into the Tory “fundamentalist” base (something about the Flintstones, I think).
Promises are going to be flying fast and furious, and accusations about how all parties will raise taxes if they get elected (interesting how everyone is accused of being over spenders, but no one admits to it, sort of like personal finances and such). How is it when a government does finally take power (unless it is a minority) the first thing they do is live down to their opponents’ estimations and raise taxes? Inevitably they then blame it on the previous government’s mismanagement of the budgets. What is astounding is how many times we have seen this in the past 50 years.
- Bob Rae taking over from Tories in Ontario, raise taxes due to Tories leaving a complete mess
- Brian Mulroney taking over from Pierre Trudeau taxes go up to pay for deficit
- Jean Chretien taking over from Brian Mulroney what a mess!
- Dalton McGuinty taking over from Mike Harris in Ontario OMG!
- etc., etc., etc.,
You better hope that the Liberals (or Greens, or NDP) get into Power, they will then have Carte Blanche to jack up taxes and blame it all on Stephen Harper.
More election tom foolery and discussions from me this week:
- There was of course a mention of Lenten Financial Challenge Week #3 where we kept up with our participants.
- I did ask the question is Following the Crowd is Safe? where I pointed out the danger inherent with that tactic.
- I couldn’t take it any more after seeing yet another PayDay Loan place open near my house so I suggested Let’s go buy some money, showing how insidious these businesses are (sucking in repeat customers). This is after rolling over customers was outlawed
- In technology I always fight against The Locked in Factor but you mustn’t do it with your finances as well.
- And for this election week I pointed out that with all problems in Canada C’est La Faute Du Federal! Which is true not just for Quebec. Thanks Bowser and Blue for your guest appearance.
- Random Thoughts: Election Time is a recap of the previous week’s best as the 2011 election had just been called.
As a note, I actually enjoy all comments (even the ones that question my sanity), and will try to respond to most comments, so please feel free to comment away.
Hopefully none of my blogging compatriots will not be stooping to cheap April Fools posts:
- Our Friend The Happy Guy (David Leonhardt) asks about The Value of Value, and what is something if it doesn’t have value? Nothing, I guess. Not really a financial post, but still an important concept to remember.
- Michael James complained about the Nonsense about Worker Shortages, a piece he heard on the CBC. He points out that there is a shortage of specific folks, for specific jobs in specific areas, which is true pretty much all the time.
- Sandy at Yes I am Cheap says I Won the Lottery!!!! Which of course can’t be true, because if she had won, there would never have been a post. Trust me folks, if I suddenly disappear of the blogosphere I am either Dead or Fabulously Wealthy.
- Canadian Capitalist discusses a paper by Jack Mintz on Family Taxation, which points out the inequality in the tax system for single income families vs. dual income families. Of course you all remember my rant about the Canadian Tax System Hates Single Income Families, as well.
- Larry MacDonald laments that even good news about Dog Investments must be tempered in his post Portfolio pooch barking this week. Sorry Larry, March Networks may not ever recover to where you want it to end up.
- Echo of Boomer and Echo asked the annual question RRSP or Mortgage: What to do with a Tax Refund. No mention of going out and buying lottery tickets or going to the casino, which I suppose is a good thing.
- Preet points out in the Globe and Mail that It’s Up To You, not Ottawa to Improve Your Spending Habits, what about those of us who live in Ottawa?!? I spend my money in Ottawa, so I am very confused now….
- Mike at Money.Smarts points out that Canadian are NOT Withdrawing from RRSPs at an Alarming Rate, maybe we just can’t figure out HOW to get our money out?
- Sustainable Personal Finance gives us Sustainability Tip #89: Pull Down the Blinds, and that no only saves you money, it can save you embarassment as well.
Carnivals this Week
I also had some submissions accepted to various carnivals, so go have a read of these as well:
- Tom at Canadian Financial Blog hosted the Canadian Finance Carnival #29 which featured my post Budget 2011 (Part 1) .
- The Money Beagle hosted the Carnival of Personal Finance #302 Opening Day which featured my post On Line Banking Security PLAY BALL!
- Miss Fish had an interesting post about Top Ad Revenue Generating Blogs in Ottawa, where I was mentioned (shows how small the Ottawa market it, I suppose).
- Million Dollar Journey posted 65 and No Money, Budget 2011 and Charities, which mentioned my post Bonds are not a Safe Haven Right Now
“If elected, I will win.”Author: Pat Paulsen