Canada is richer than the U.S., according to a new wealth ranking

[mAnn_Tagonist]

in fact, the US doesn't even make the top 10

The US is the third richest country in the world according to Credit Suisse's 2018 Global Wealth Report.
But when you take into account how much wealth the average American household has on hand, the US doesn't even make the top 10.
The report showcases how bad wealth disparity in the US has become.

https://www.msn.com/en-ca/money/top...nt-even-make-the-top-10/ar-BBPwT3t?li=AAggFp5

 

[BotanyBoy]

The United States is home to more millionaires than any other country in the world. But whether the country is truly the wealthiest in the world depends on how you measure.

A report released by Credit Suisse in October says the US is "in the lead" when it comes to global wealth. But a closer look at the numbers in that report reveals a different story.

While it's true that wealth in the US is growing faster than anywhere else in the world, it's not the richest when you compare the average amount of wealth per adult.

That prize goes to Switzerland, as you can see in the map below.

So they aren't richer, they just have more wealth equity.

Because Jeff Beezos, just one of our individuals, is almost as big as their whole fucking country.

Socialist propaganda from MSN......equity =/=wealth.

 

[CandiCame]

They're gonna spend it all on weed.

 

[BotanyBoy]

They're gonna spend it all on weed.

They have run out ....turns out socialism, with it's 100% fail rate for over a century, STILL fucking sucks.

It's ok though because that means the money is now coming to the capitalist pigs of the US.

 

[mark_j]

I get a kick out of these "supposed" comparisons. I mean come on, comparing a country of 60 mil or so against a country of 330 mil is like comparing apples to rocks.

It just doesn't wash.

 

[Kirkrapine]

Time to invade Canuckistan!

 

[mAnn_Tagonist]

My thread seems to have upset some poor americans. If you need some money just ask.

 

[Kirkrapine]

My thread seems to have upset some poor americans. If you need some money just ask.

Depends. Do you have any real money, as opposed to that play money with the Queen on it?

 

[FakeNews]

President Trump knows our broken welfare system is a major barrier to achieving this goal, and he has vowed to tackle welfare reform next. And it’s a good thing, because welfare definitely is, as the President put it, “out of control.”

In 2000, over 17 million Americans received food stamps, officially known as Supplemental Nutrition Assistance Program (SNAP) benefits. That number has swelled to more than 42 million today. As a result of Obama Administration’s policies, the number of Americans on food stamps is now greater than the population of Canada.

https://www.foxnews.com/opinion/newt-gingrich-trump-is-right-we-need-welfare-reform

 

[cowslinger64]

https://www.foxnews.com/opinion/newt-gingrich-trump-is-right-we-need-welfare-reform

Fox News opinion.


Bless your heart.

 

[mAnn_Tagonist]

For a better standard of living and happiness, just head north.

 

[CandiCame]

My thread seems to have upset some poor americans. If you need some money just ask.

I mean... if you're handing out the handouts...

 

[albertaboy]

I'm Canadian and reasonably well informed in financial matters and we are definitely not more wealthy than the US.

 

[CandiCame]

I'm Canadian and reasonably well informed in financial matters and we are definitely not more wealthy than the US.

Don't tell him that, he was gonna give us money.

 

[BotanyBoy]

I'm Canadian and reasonably well informed in financial matters and we are definitely not more wealthy than the US.

That's because the retard who wrote the article being cited is an obvious leftist as they are conflating wealth and richness with equity.

 

[DMBFFF]

in fact, the US doesn't even make the top 10

The US is the third richest country in the world according to Credit Suisse's 2018 Global Wealth Report.
But when you take into account how much wealth the average American household has on hand, the US doesn't even make the top 10.
The report showcases how bad wealth disparity in the US has become.

https://www.msn.com/en-ca/money/top...nt-even-make-the-top-10/ar-BBPwT3t?li=AAggFp5

You mean US rose by several notches?

(and Canada, more so?)

List of countries by GDP (nominal) per capita
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

(for source and bigger pic)
https://commons.wikimedia.org/wiki/File:GDP_per_capita_(nominal)_2015.png

https://66.media.tumblr.com/2e48dcd0c62248863ed67996a154b602/tumblr_pi038xp04R1xj1y6uo1_540.png

So they aren't richer, they just have more wealth equity.

Because Jeff Beezos, just one of our individuals, is almost as big as their whole fucking country.

Socialist propaganda from MSN......equity =/=wealth.

Me no think so.

https://en.wikipedia.org/wiki/Canada

GDP (PPP) 2018 estimate
• Total
$1.847 trillion[7] (15th)
• Per capita
$49,775[7] (20th)
GDP (nominal) 2018 estimate
• Total
$1.798 trillion[7] (10th)
• Per capita
$48,466[7] (15th)

https://en.wikipedia.org/wiki/Jeff_Bezos

US$137.6 billion (November 2018)[1]

Net worth US$137.6 billion (November 2018)[1]

and the latter is assets, not annual product; moreover, a lot of it is paper.

They have run out ....turns out socialism, with it's 100% fail rate for over a century, STILL fucking sucks.

It's ok though because that means the money is now coming to the capitalist pigs of the US.

The legal corporate oligopoly supply has run out.

We're probably exporting some of the illegal supply—however the DEA might try to stop us.

You can also grow your own here—folks here been doing it for decades.

I get a kick out of these "supposed" comparisons. I mean come on, comparing a country of 60 mil or so against a country of 330 mil is like comparing apples to rocks.

It just doesn't wash.

or kinda small apples to really big apples—though the smaller ones might have more per unit taste. I ain't saying it, but apparently the linked page says so.

American Canadians
https://en.wikipedia.org/wiki/American_Canadians

(for source)
https://commons.wikimedia.org/wiki/File:Emay_photo.jpg

https://upload.wikimedia.org/wikipedia/commons/e/e8/Emay_photo.jpg


born in America, has been an Member of Canada's Parliament since 2011.

Time to invade Canuckistan!

You guys tried that 206 years ago. It didn't turn out well.

and the weird thing was that a lot of those in what is now Canada who fought America were themselves Americans earlier on, or decendants of.

raised in Texas, lives in Canada.
https://en.wikipedia.org/wiki/Win_Butler

Arcade Fire - Rococo
https://www.youtube.com/watch?v=az_2oiccZNo
3:57
2,053,617 views

My thread seems to have upset some poor americans. If you need some money just ask.

You guys still have it, it's just that others now—if your link is correct—have more.

Depends. Do you have any real money, as opposed to that play money with the Queen on it?

It's real enough for the Americans we Canadians buy from.

In 2000, over 17 million Americans received food stamps, officially known as Supplemental Nutrition Assistance Program (SNAP) benefits. That number has swelled to more than 42 million today. As a result of Obama Administration’s policies, the number of Americans on food stamps is now greater than the population of Canada.

First, that's not so bad given that US has almost 10x Canada's population.

Second,
https://en.wikipedia.org/wiki/Demography_of_the_United_States
America's grown by over a sixth from 2000 to 2018.
42 x (7 ÷ 6) = 36 million.

That's less than Canada's current population.

Third, just how much is being paid per capita recipient?

Fourth, you realize that Clinton was on his 8th year in 2000, and the GOP has had the White House and both Houses for almost 2 years now.

I suppose with Trump's protectionist policies, the price of food in the US will rise.

(my thread)
Several days ago, in Ontario, I bought 4 liters of 3.25% milk for (I'm sure) $5.55Cdn
http://forum.literotica.com/showthread.php?t=1487992

For a better standard of living and happiness, just head north.

https://en.wikipedia.org/wiki/Economy_of_Canada

If you're looking for a job, your best bet is BC or Ontario—Alberta is still reportedly recovering (they'll recover).

If you have capital, anywhere.

If you're going to cross illegally, your best bet is the at the 49th or from New England. Canadians, like Americans, claiming to be citizens, don't have to show ID. Just leave your gun at home—they are trouble magnets for customs.

Just don't do it like these women.
1:10
154,744 views

"My husband is a Monster." lol

I wonder what would happen if we lopped off the wealth of the top 5% of people in either country:

the wealth of the 95% of the poorest ÷ population of 95% of the poorest = their PCI

Whose would be greater?

 

[mAnn_Tagonist]

A lot of butthurt Americans can't accept that canadians have more individual wealth, it goes against everything they've been brainwashed to believe. Poor people are dumb.

 

[needit700]

Oh Please!!!!!!!!!!!!!!!!!!!

S T O P !!! you're FULL OF IT

 

[mAnn_Tagonist]

^^^ poor american

 

[IG_88]

Yeah that whole thing is kinda bullshit and they essentially admit that with the whole "but if you look at this way" thing.

 

[BotanyBoy]

Me no think so.

Try Amazon, sorry I should have been more specific.
https://markets.businessinsider.com...-us-company-1-trillion-club-2018-8-1027506812

Amazon is worth 1.2T....Canada is worth 1.8T.

Add one of our other big ass ubercorps and boom...

The legal corporate oligopoly supply has run out.

Government control over the means of production and distribution of goods and services is still socialism under any other name.

And it still SUCKS at managing shit....good thing they aren't micromanaging your fucking food or ya'll would be Venezuela real fast.

We're probably exporting some of the illegal supply—however the DEA might try to stop us.

You're not exporting shit, you can't even stock your shelves and CA is sending you weed by the truck load right now as we speak.

Canadians are going to buy more M'arican weed than Canadian this year and unless your bureaucrats pull their fucking heads out of their ass's Canadians will continue to do so.

Because even if you get your supply up at some point? Just short of government intervention and authority to oppress American producers we capitalist pigs are going to undercut and butt fuck your system and your bureaucrats are just not going to be able to keep up with all their paperwork and bullshit.

 

[HisArpy]

Don't tell him that, he was gonna give us money.

Maybe we should have them pay us to take away and dispose of all that dirty oil sand from Western Canadumb. That way they can fill in the holes with water and make lakes to float boots on.

 

[CandiCame]

Maybe we should have them pay us to take away and dispose of all that dirty oil sand from Western Canadumb. That way they can fill in the holes with water and make lakes to float boots on.

I was under the impression he was just gonna give it to me. I didn't know I had to work for it.

Ugh. Why are people always wanting me to DO stuff. Why can't people just give me money with absolutely no strings attached like they originally said they would?

 

[DMBFFF]

Me no think so.

Try Amazon, sorry I should have been more specific.
https://markets.businessinsider.com...-us-company-1-trillion-club-2018-8-1027506812

Amazon is worth 1.2T....Canada is worth 1.8T.

Add one of our other big ass ubercorps and boom...

One down, two to go.

Canada is not worth $1.8 trillion: it makes $1.8 trillion a year.

https://en.wikipedia.org/wiki/Amazon_(company)

Net income
Increase US$3.033 billion[1] (2017)

In this article, Amazon ranks 18.
https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue

Second, most of it is paper.

Paper can be fragile.

https://en.wikipedia.org/wiki/BlackBerry_Limited

(my bold)

Stock fluctuations

In June 2011, RIM stock fell to its lowest point since 2006.[135] On December 16, 2011, RIM shares fell to their lowest price since January 2004.[136] Overall in 2011, the share price tumbled 80 percent from January to December, causing its market capitalization to fall below book value. By March 2012, shares were worth less than $14, from a high of over $140 in 2008.[137][138] From June 2008 to June 2011, RIM's shareholders lost almost $70 billion, or 82 percent, as the company's market capitalization dropped from $83 billion to $13.6 billion, the biggest decline among communications-equipment providers.

Shares price fell further on July 16, closing at $7.09 on the Toronto Stock Exchange, the lowest level since September 8, 2003, after a jury in California said RIM must pay $147.2 million as a result of a patent infringement judgment that was subsequently overturned.[139]

The legal corporate oligopoly supply has run out.

Government control over the means of production and distribution of goods and services is still socialism under any other name.

And it still SUCKS at managing shit....good thing they aren't micromanaging your fucking food or ya'll would be Venezuela real fast.

Fortunately, while we get a fair amount of managing, the micromanaging is less, at least de facto.

If Trudeau wants to win in 2019, he better not clamp down too much on the illegal dispensaries, or things will go back a decade or two—save for increased social acceptance for public marijuana use—the cops seem even less inclined to ask if a person's toke is legal or not—just don't smoke it at a donut shop—and maybe even then.

We're probably exporting some of the illegal supply

You're not exporting shit, you can't even stock your shelves and CA is sending you weed by the truck load right now as we speak.

Canadians are going to buy more M'arican weed than Canadian this year and unless your bureaucrats pull their fucking heads out of their ass's Canadians will continue to do so.

Because even if you get your supply up at some point? Just short of government intervention and authority to oppress American producers we capitalist pigs are going to undercut and butt fuck your system and your bureaucrats are just not going to be able to keep up with all their paperwork and bullshit.

https://en.wikipedia.org/wiki/Cannabis_in_British_Columbia

(my bold)

A large amount of the province's cannabis crop is smuggled across the national border to the United States,[10] up to 95 percent according to some US officials,[3] as "B.C. Bud"'s value more than doubles in the US. As of 2010 experts estimate that the province exports CA$4–8 billion in cannabis annually, among British Columbia's largest exports with softwood lumber. Some Americans believe that the provincial government is, as Canadian Geographic reported that year, "quietly tolerant" of the cannabis industry because of its importance to the economy.[11]

https://en.wikipedia.org/wiki/Delta_3_greenhouse

(my bold)

Delta 3 greenhouse in East Ladner, southwest British Columbia, may be the world's largest cannabis greenhouse. In early 2018, it was licensed to expand to 1,100,000 square feet (100,000 m2) (25 acres), enough to produce 75 metric tons of cannabis annually.[1][2] The company owning the greenhouse has options to expand to another two greenhouses; combined they would produce 300 metric tons per year, equal to roughly half of Canada's entire recreational cannabis consumption at the time nationwide legalization commences in 2018.[3][4]

300 metric tons is about 8 grams per Canadian. If as many as 10% of Canadians are tokers, that'd be about 2.5 lids per.



I suspect the current legal shortage is temporary.

I was under the impression he was just gonna give it to me. I didn't know I had to work for it.

Ugh. Why are people always wanting me to DO stuff. Why can't people just give me money with absolutely no strings attached like they originally said they would?

Singh wants feds to save Ontario basic income pilot project
https://www.ctvnews.ca/politics/sin...-ontario-basic-income-pilot-project-1.4146180

(my bold)

CTVNews.ca Staff
Published Tuesday, October 23, 2018 12:26PM EDT
Last Updated Tuesday, October 23, 2018 1:36PM EDT

NDP Leader Jagmeet Singh is calling on the federal government to step in and take over the basic income pilot project recently cancelled in Ontario.

The pilot saw the province’s patchwork system of benefits replaced by a guaranteed minimum income for the 4,000 people enrolled in it. Single people with no other income sources could have received a maximum benefit of $16,989 per year, with married couples getting up to $24,027.

It was scheduled to run for three years, but was cancelled in the summer after the election of Ont. Premier Doug Ford and his Progressive Conservative government. Participants were told that they would receive their final payments in March 2019.

Keep in mind the exchange rate is about 70%, so you'd only get about US$11 900/year from the government, not conditions attached—if you were among the 4000.

 

[toeskr]

For a better standard of living and happiness, just head north.

Caravan is heading to your house. All good, eh?