http://newsfeed.time.com/2012/07/17/the-average-canadian-is-now-richer-than-the-average-american/?iid=nf-main-mostpop1
http://www.theglobeandmail.com/commentary/canadians-are-richer-than-they-think/article4380634/
:showoff:
Now it is true than in large part that is due more to the American recession and collapse in housing prices, than any dramatic run-up in Canadian asset values. But we can still take some credit in that.
But it's such a turn of events from pretty much all of history. I remember as a kid or college student that the US just felt wealthier - nicer buildings, people drove nicer cars. Now - not so much.
Great, now they're going to invade us. thanks a lot journalists.
Hopefully they can put their welath to better use.
Quote from: The Brain on July 19, 2012, 11:17:10 AM
Hopefully they can put their welath to better use.
:unsure:
Quote from: Barrister on July 19, 2012, 11:22:30 AM
Quote from: The Brain on July 19, 2012, 11:17:10 AM
Hopefully they can put their welath to better use.
:unsure:
Nice try, counselor. There are witnesses. :ph34r:
Cool. Send some down our way, then.
Quote from: Barrister on July 19, 2012, 11:27:54 AM
Quote from: CountDeMoney on July 19, 2012, 11:26:25 AM
Quote from: Barrister on July 19, 2012, 11:22:30 AM
Quote from: The Brain on July 19, 2012, 11:17:10 AM
Hopefully they can put their welath to better use.
:unsure:
Nice try, counselor. There are witnesses. :ph34r:
You didn't see nuttin.
The error is still in the header for every subsequent post. Apparently changing the title doesn't change the "Re: Canadians now welathier than Americans", thing.
Quote from: derspiess on July 19, 2012, 11:31:24 AM
Cool. Send some down our way, then.
No, you are just going to use to buy something stupid.
It's time to make us your overlords.
:P
Quote from: Razgovory on July 19, 2012, 11:35:01 AM
Quote from: Barrister on July 19, 2012, 11:27:54 AM
Quote from: CountDeMoney on July 19, 2012, 11:26:25 AM
Quote from: Barrister on July 19, 2012, 11:22:30 AM
Quote from: The Brain on July 19, 2012, 11:17:10 AM
Hopefully they can put their welath to better use.
:unsure:
Nice try, counselor. There are witnesses. :ph34r:
You didn't see nuttin.
The error is still in the header for every subsequent post. Apparently changing the title doesn't change the "Re: Canadians now welathier than Americans", thing.
Shush you.
BB SEQUESTERS THE THREAD IN THE NAME OF THE CROWN
Nooo! We must close the Canadian Welath gap!
I was feeling pretty welathy this morning, to be honest.
You can still edit the posts individually to remove the bad spelling.
Quote from: Neil on July 19, 2012, 01:39:26 PM
You can still edit the posts individually to remove the bad spelling.
:hug:
Siege is going to pop in soon and say this is further proof Socialism does work.
Quote from: derspiess on July 19, 2012, 11:31:24 AM
Cool. Send some down our way, then.
You would just buy guns with it. As a matter of public policy it would be wrong to give you that opportunity. So no.
Quote from: crazy canuck on July 19, 2012, 02:39:59 PM
Quote from: derspiess on July 19, 2012, 11:31:24 AM
Cool. Send some down our way, then.
You would just buy guns with it. As a matter of public policy it would be wrong to give you that opportunity. So no.
But what about liberty? You clearly don't understand freedom or whatever.
Quote from: Neil on July 19, 2012, 02:41:57 PM
Quote from: crazy canuck on July 19, 2012, 02:39:59 PM
Quote from: derspiess on July 19, 2012, 11:31:24 AM
Cool. Send some down our way, then.
You would just buy guns with it. As a matter of public policy it would be wrong to give you that opportunity. So no.
But what about liberty? You clearly don't understand freedom or whatever.
I know, I will never quite understand the American mentality. But it wont stop me from poking fun at it.
Ide drove our averages down. :(
Quote from: Ed Anger on July 19, 2012, 03:47:10 PM
Ide drove our averages down. :(
when i saw your name i was gonna do a "Ed leaves for france for a few days and america's average wealth plummets joke" but you ruined it :(
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
Quote from: HVC on July 19, 2012, 03:58:47 PM
Quote from: Ed Anger on July 19, 2012, 03:47:10 PM
Ide drove our averages down. :(
when i saw your name i was gonna do a "Ed leaves for france for a few days and america's average wealth plummets joke" but you ruined it :(
It's still appreciated. :)
Hopefully some of that wealth will trickle down to us unfortunate Americans.
I'm living off the government's dime and my warrior mercenary savings. Screw you rich folk. :showoff:
Quote from: katmai on July 19, 2012, 04:02:53 PM
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
:menace:
Good. I always hated that "humble, modest" reputation. We should be "yeah, we're Canada, the best country on earth - so fuck you!".
It's not as if there is any lack of role models for that attitude in the world of hockey. :menace:
Quote from: FunkMonk on July 19, 2012, 04:09:02 PM
I'm living off the government's dime and my warrior mercenary savings. Screw you rich folk. :showoff:
Damn it feels good to be a warrior-mercenary. :)
Quote from: Barrister on July 19, 2012, 04:15:13 PM
Quote from: katmai on July 19, 2012, 04:02:53 PM
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
:menace:
Good. I always hated that "humble, modest" reputation. We should be "yeah, we're Canada, the best country on earth - so fuck you!".
It's not as if there is any lack of role models for that attitude in the world of hockey. :menace:
I always heard they were polite and clean and government run.
Quote from: katmai on July 19, 2012, 04:02:53 PM
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
People like Canadians? ;)
Quote from: Malthus on July 19, 2012, 04:47:02 PM
People like Canadians? ;)
I think they are one of the most beloved nationalities world wide. It must be your charming way of saying 'about'.
Quote from: Malthus on July 19, 2012, 04:47:02 PM
Quote from: katmai on July 19, 2012, 04:02:53 PM
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
People like Canadians? ;)
Yes. You're considered the lovable version of America.
Quote from: katmai on July 19, 2012, 04:02:53 PM
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
We still have a ways to go.
Good point, though.
Quote from: katmai on July 19, 2012, 04:02:53 PM
The funny thing is people only like Canadians because they were humble, modest people. Now you fucks are just as annoying as Us.
anything you can do we can do better.
:D
That's because you don't have all these damn blacks up there. :)
Quote from: Caliga on July 19, 2012, 06:59:23 PM
That's because you don't have all these damn blacks up there. :)
More like we dont have all those damn Hicks. The closest we come to that are Edmontonians. And I would take an Edmontonian over a Hick any day. Yes I just said something nice about Edmonton. That is my quota for this decade. Nice to get it over with early.
Damn Canadians, we need to invade and take all they wealth and stuff! They have lots of oil, cassus belli right there! Er, no matter how trumped up. ;)
Quote from: crazy canuck on July 19, 2012, 08:12:10 PM
More like we dont have all those damn Hicks. The closest we come to that are Edmontonians. And I would take an Edmontonian over a Hick any day. Yes I just said something nice about Edmonton. That is my quota for this decade. Nice to get it over with early.
:hmm: There aren't lots of hicks in say Newfoundland?
Quote from: Caliga on July 19, 2012, 08:34:13 PM
Quote from: crazy canuck on July 19, 2012, 08:12:10 PM
More like we dont have all those damn Hicks. The closest we come to that are Edmontonians. And I would take an Edmontonian over a Hick any day. Yes I just said something nice about Edmonton. That is my quota for this decade. Nice to get it over with early.
:hmm: There aren't lots of hicks in say Newfoundland?
Nope, they moved to Alberta to work in the oil patch. Hence the Edmonton reference. The difference is your hicks dont actually do anything except buy guns and talk about liberty and such.
I think it's important that nobody pay attention to cc. Because he's from Vancouver, he's an injection drug user. He's probably high as a kite right now on spelled H and novacoke.
Surprised this has just happened, thought it had always been the case.
Quote from: Neil on July 19, 2012, 09:57:20 PM
I think it's important that nobody pay attention to cc. Because he's from Vancouver, he's an injection drug user. He's probably high as a kite right now on spelled H and novacoke.
I figured you'd go for hockey there, with Lunago (or however the fuck its spelled) being a miserable failure.
Quote from: Tyr on July 19, 2012, 10:10:33 PM
Surprised this has just happened, thought it had always been the case.
Yeah but then you're an idiot, so...
Quote from: Tyr on July 19, 2012, 10:10:33 PM
Surprised this has just happened, thought it had always been the case.
No. Until recently, the following was true:
1. The Canadian dollar was worth less than the US dollar;
2. Canadians were, on average, poorer than Americans; and
3. Canadian tax rates were in pretty well all cases higher than US tax rates.
The issue was always whether the Canadian emphasis on (relatively) more socialism in things like medicare and on "peace, order and good government" was worth these drawbacks.
Over the past few years, all three points have changed. The Canadian dollar is now on par with the US dollar. In some jurisdictions and for some classes of taxpayer, Canadian tax rates are now lower. And now, on average, Canadians are more wealthy.
As to why, you'd have to ask an economist, but I suspect it is a combination of things:
1. Higher resource prices - Canada sells lots of resources like oil;
2. The financial crisis hit the US much harder than Canada - for example, Canada lacked the subprime mortgages situation the US had;
3. The US spent lots of money on foreign wars.
Quote from: Ed Anger on July 20, 2012, 08:04:14 AM
Quote from: Neil on July 19, 2012, 09:57:20 PM
I think it's important that nobody pay attention to cc. Because he's from Vancouver, he's an injection drug user. He's probably high as a kite right now on spelled H and novacoke.
I figured you'd go for hockey there, with Lunago (or however the fuck its spelled) being a miserable failure.
CC isn't really that into hockey. He's one of the few people who think that basketball is interesting, and since the Grizzlies wen to Memphis or something, there's no local basketball team to mock.
Quote from: Malthus on July 20, 2012, 08:37:53 AM
Quote from: Tyr on July 19, 2012, 10:10:33 PM
Surprised this has just happened, thought it had always been the case.
No. Until recently, the following was true:
1. The Canadian dollar was worth less than the US dollar;
2. Canadians were, on average, poorer than Americans; and
3. Canadian tax rates were in pretty well all cases higher than US tax rates.
The issue was always whether the Canadian emphasis on (relatively) more socialism in things like medicare and on "peace, order and good government" was worth these drawbacks.
Over the past few years, all three points have changed. The Canadian dollar is now on par with the US dollar. In some jurisdictions and for some classes of taxpayer, Canadian tax rates are now lower. And now, on average, Canadians are more wealthy.
As to why, you'd have to ask an economist, but I suspect it is a combination of things:
1. Higher resource prices - Canada sells lots of resources like oil;
2. The financial crisis hit the US much harder than Canada - for example, Canada lacked the subprime mortgages situation the US had;
3. The US spent lots of money on foreign wars.
4: Canada got some admirable fiscal sanity in the 90s.
At least we have true fixed rate mortgages.
Quote from: MadImmortalMan on July 20, 2012, 11:42:57 AM
4: Canada got some admirable fiscal sanity in the 90s.
So did the US. :(
Quote from: alfred russel on July 20, 2012, 12:00:45 PM
So did the US. :(
Fighting wars with no bond drives and no increase in taxes has historically been a proven success.
Quote from: DGuller on July 20, 2012, 11:54:35 AM
At least we have true fixed rate mortgages.
And we are going to whip their ass in the medal count at the Olympics.
Quote from: alfred russel on July 20, 2012, 12:07:15 PM
And we are going to whip their ass in the medal count at the Olympics.
America...FUCK YEAH!
Quote from: alfred russel on July 20, 2012, 12:07:15 PM
Quote from: DGuller on July 20, 2012, 11:54:35 AM
At least we have true fixed rate mortgages.
And we are going to whip their ass in the medal count at the Olympics.
USA! USA!
Quote from: Malthus on July 20, 2012, 08:37:53 AM
Quote from: Tyr on July 19, 2012, 10:10:33 PM
Surprised this has just happened, thought it had always been the case.
No. Until recently, the following was true:
1. The Canadian dollar was worth less than the US dollar;
2. Canadians were, on average, poorer than Americans; and
3. Canadian tax rates were in pretty well all cases higher than US tax rates.
The issue was always whether the Canadian emphasis on (relatively) more socialism in things like medicare and on "peace, order and good government" was worth these drawbacks.
Over the past few years, all three points have changed. The Canadian dollar is now on par with the US dollar. In some jurisdictions and for some classes of taxpayer, Canadian tax rates are now lower. And now, on average, Canadians are more wealthy.
As to why, you'd have to ask an economist, but I suspect it is a combination of things:
1. Higher resource prices - Canada sells lots of resources like oil;
2. The financial crisis hit the US much harder than Canada - for example, Canada lacked the subprime mortgages situation the US had;
3. The US spent lots of money on foreign wars.
The original article says the primary reason for the change is housing prices - the drop in housing values in the US since '08 is what has dropped overall household values (since most people's assets are tied up in their homes).
Quote from: Barrister on July 20, 2012, 12:15:55 PM
The original article says the primary reason for the change is housing prices - the drop in housing values in the US since '08 is what has dropped overall household values (since most people's assets are tied up in their homes).
Average net wealth for US families fell 40% between 2007 and 2010. I guess that'll do it.
Quote from: derspiess on July 20, 2012, 12:25:58 PM
Quote from: Barrister on July 20, 2012, 12:15:55 PM
The original article says the primary reason for the change is housing prices - the drop in housing values in the US since '08 is what has dropped overall household values (since most people's assets are tied up in their homes).
Average net wealth for US families fell 40% between 2007 and 2010. I guess that'll do it.
Yup.
Which goes to show - in 2007 US families were almost 40% wealthier than Canadian families.
Quote from: Barrister on July 20, 2012, 12:30:31 PM
Yup.
Which goes to show - in 2007 US families were almost 40% wealthier than Canadian families.
T'was fool's gold :(
Quote from: Barrister on July 20, 2012, 12:15:55 PM
The original article says the primary reason for the change is housing prices - the drop in housing values in the US since '08 is what has dropped overall household values (since most people's assets are tied up in their homes).
Certainly, that's my second factor. I don't think that's the whole story though - Canada weathered the storm better because of resources and not paying as much for foreign adventures.
Quote from: Malthus on July 20, 2012, 12:49:25 PM
Quote from: Barrister on July 20, 2012, 12:15:55 PM
The original article says the primary reason for the change is housing prices - the drop in housing values in the US since '08 is what has dropped overall household values (since most people's assets are tied up in their homes).
Certainly, that's my second factor. I don't think that's the whole story though - Canada weathered the storm better because of resources and not paying as much for foreign adventures.
Not sure the resources had much to do with it. When the crisis hit the prices for resources also went into the tank. What saved us is we did not emulate the US and deregulate our financial industry. You will recall Martin was under a lot of pressure to do just that back in the day.
When the US housing market picks up again they will inevitably become wealthier than us. But they will still have the world's worst run medical system. I am content with the trade off.
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Why would you see a doctor for a cold?
Quote from: Neil on July 20, 2012, 02:16:57 PM
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Why would you see a doctor for a cold?
For antibiotics! :w00t:
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
No, but you have to engage with the American medical system when you get sick. As I said, whatever tradeoff I make not to have to deal with a system similar to the American model is well worth it.
Quote from: garbon on July 20, 2012, 02:23:53 PM
Quote from: Neil on July 20, 2012, 02:16:57 PM
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Why would you see a doctor for a cold?
For antibiotics! :w00t:
Exactly. You have to choose the right doctor, though, because a lot of them won't prescribe you antibiotics for cold unless you really badger them. It's not like I'm going to abuse them, I only take them for a day or two, while my symptoms are the worst. :rolleyes:
Quote from: DGuller on July 20, 2012, 02:44:07 PM
Quote from: garbon on July 20, 2012, 02:23:53 PM
Quote from: Neil on July 20, 2012, 02:16:57 PM
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Why would you see a doctor for a cold?
For antibiotics! :w00t:
Exactly. You have to choose the right doctor, though, because a lot of them won't prescribe you antibiotics for cold unless you really badger them. It's not like I'm going to abuse them, I only take them for a day or two, while my symptoms are the worst. :rolleyes:
Right? You just gotta shop around for a bit to find which doc will serve as your medicine cabinet. No big thing.
Quote from: DGuller on July 20, 2012, 02:44:07 PM
Quote from: garbon on July 20, 2012, 02:23:53 PM
Quote from: Neil on July 20, 2012, 02:16:57 PM
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Why would you see a doctor for a cold?
For antibiotics! :w00t:
Exactly. You have to choose the right doctor, though, because a lot of them won't prescribe you antibiotics for cold unless you really badger them. It's not like I'm going to abuse them, I only take them for a day or two, while my symptoms are the worst. :rolleyes:
they don't prescribe antibiotics for colds cause colds are viral infections. Antibiotics are useless there. If it's not viral then it's not a cold, iirc.
and if you're doing antibiotics you need to take the entire amount prescribed. Do not stop the therapy early as you'll only encourage resistency.
but I'm sure you already knew that.
Quote from: Crazy_Ivan80 on July 20, 2012, 03:02:59 PM
Quote from: DGuller on July 20, 2012, 02:44:07 PM
Quote from: garbon on July 20, 2012, 02:23:53 PM
Quote from: Neil on July 20, 2012, 02:16:57 PM
Quote from: DGuller on July 20, 2012, 02:03:58 PM
Don't you have to cross the border to see an American doctor if you get a cold or a strep throat? :yeahright:
Why would you see a doctor for a cold?
For antibiotics! :w00t:
Exactly. You have to choose the right doctor, though, because a lot of them won't prescribe you antibiotics for cold unless you really badger them. It's not like I'm going to abuse them, I only take them for a day or two, while my symptoms are the worst. :rolleyes:
they don't prescribe antibiotics for colds cause colds are viral infections. Antibiotics are useless there. If it's not viral then it's not a cold, iirc.
and if you're doing antibiotics you need to take the entire amount prescribed. Do not stop the therapy early as you'll only encourage resistency.
but I'm sure you already knew that.
I'm so glad that Ivan was able to catch onto the joke. :mellow:
The little grey cells are not up to speed it seems.......
Not sure if it's big enough to impact the average, but I would think Canada's Chinese immigrants might play a part, in addition to commodity prices and the drop in US housing prices.
Quote from: Admiral Yi on July 20, 2012, 04:07:32 PM
Not sure if it's big enough to impact the average, but I would think Canada's Chinese immigrants might play a part, in addition to commodity prices and the drop in US housing prices.
The US gets Chinese immigrants too, no?
Hrm. The UK, now Canada; the US seems to be getting relatively poorer.
Quote from: Faeelin on July 20, 2012, 04:39:21 PM
Quote from: Admiral Yi on July 20, 2012, 04:07:32 PM
Not sure if it's big enough to impact the average, but I would think Canada's Chinese immigrants might play a part, in addition to commodity prices and the drop in US housing prices.
The US gets Chinese immigrants too, no?
Hrm. The UK, now Canada; the US seems to be getting relatively poorer.
We get the poor huddled masses who have a dream and a willingness to work 200 hours a week. They get the ones who need a piece of real estate to plunge their savings into.
Quote from: Faeelin on July 20, 2012, 04:39:21 PM
Quote from: Admiral Yi on July 20, 2012, 04:07:32 PM
Not sure if it's big enough to impact the average, but I would think Canada's Chinese immigrants might play a part, in addition to commodity prices and the drop in US housing prices.
The US gets Chinese immigrants too, no?
Hrm. The UK, now Canada; the US seems to be getting relatively poorer.
It is easier to go to Canada, according to our experience.
Quote from: Faeelin on July 20, 2012, 04:39:21 PM
The US gets Chinese immigrants too, no?
They screen for wealth, we screen for family ties and ability to hide in a tramp steamers' hold for 4 months.
Quote from: Monoriu on July 20, 2012, 04:45:25 PM
Quote from: Faeelin on July 20, 2012, 04:39:21 PM
Quote from: Admiral Yi on July 20, 2012, 04:07:32 PM
Not sure if it's big enough to impact the average, but I would think Canada's Chinese immigrants might play a part, in addition to commodity prices and the drop in US housing prices.
The US gets Chinese immigrants too, no?
Hrm. The UK, now Canada; the US seems to be getting relatively poorer.
It is easier to go to Canada, according to our experience.
System has changed a few times since you got your citizenship.
Per capita we take a lot more immigrants than you guys do. We don't live next to Mexico so Latin American immigrants are not a huge number. Most immigrants come from South and East Asia instead - I think I've said my cul-de-sac seems evenly divided between those groups and whites.
We do have investor class immigrants, but I really don't think they are a very large number.
Quote from: Ed Anger on July 19, 2012, 03:47:10 PM
Ide drove our averages down. :(
Quiet, you. I'm all middle class and shit now. Why, I even made a regular, non-IBR'd student loan payment today.
Quote from: Barrister on July 20, 2012, 06:38:57 PMWe do have investor class immigrants, but I really don't think they are a very large number.
I believe the gov't put a "temporary stop" or something on investor class immigrants recently. To clear the backlogs or something. It may make sense, but it does kind of suck for people who applied however many years ago and were waiting to be processed in due time to hear their application was meaningless.
Quote from: Jacob on July 20, 2012, 09:38:47 PM
Quote from: Barrister on July 20, 2012, 06:38:57 PMWe do have investor class immigrants, but I really don't think they are a very large number.
I believe the gov't put a "temporary stop" or something on investor class immigrants recently. To clear the backlogs or something. It may make sense, but it does kind of suck for people who applied however many years ago and were waiting to be processed in due time to hear their application was meaningless.
I dont think so Jacob. IIRC the change that occured to the investor class was the required investment went up.
Yeah, I misremembered. It's a moratorium on federal skilled workers, not investor class immigrants.
Quote from: Ideologue on July 20, 2012, 07:46:46 PM
Quote from: Ed Anger on July 19, 2012, 03:47:10 PM
Ide drove our averages down. :(
Quiet, you. I'm all middle class and shit now. Why, I even made a regular, non-IBR'd student loan payment today.
A traitor to the revolution. <_<