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office_drone

213 karma · joined February 2, 2024

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office_drone··on Canada Must End Reliance on Cheap Foreign Labor, Minister Says
> Immigrants were brought in to fill that gap and pay for pensions and other goodies that expect a growing base of tax paying productive workers.

This is not true.

1) Immigrants are not brought in with the goal of topping up the numbers to the existing level, immigrants are being brought in with the intent of tripling the population. See https://en.wikipedia.org/wiki/Century_Initiative whose founders are advisors to the federal government.

2) Canada does not need immigrants to pay for its pensions. CPP and other pension in Canada are well run, invest their money, and don't just route money from young people to old. Rather, they pay the money out from the money already put in.

office_drone··on The Rise of the American Oligarchy
You're right that he's rich because he owns part of Amazon. You're not right that a stock price fall would make him not-rich.

The textbook way to price stocks is at the present value of future cash flows. That is, the company does make money, or will in the future, that can be returned to shareholders. Amazon takes in a ton of money, turns a profit, and could return some of that money to Bezos for him to spend. (Whether or not they actually do is a tax law triviality.) It wouldn't matter if the shares were priced at $1 or $1000, they would theoretically return the same cash to Bezos for him to spend, which is why he would still be rich.

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