Liberals or Conservatives
Is your refrigerator running?
If so, I hope it gets a lot of votes. 😉
The federal election is next week. I didn’t watch the recent debate. But I heard it was a train wreck.
If the polls are any indication it will be a pretty close race between incumbent Trudeau and O’Toole.
Who I’m voting for
Short answer, no one. 🙂
From a purely economic point of view voting just isn’t a good use of my time.
But if I had to vote I would choose the party that will cause the least amount of interference with me on my road to financial success. And right now that vote would go to team Purple.
The People’s Party has a mandate to drop capital gains from the current 50% inclusion rate, down to 0%.
If that happens, asset prices would rise as lower taxation increases demand.
And the Loonie would become stronger allowing Canadians to invest globally for cheaper. 🙂
Alas, historically speaking Purple has never gotten more than 2% of the votes in my area. So I would be wasting my time going to the polls. My electoral district has always voted strongly for team Orange. So unlike before, I’m going to sit this election out.
I’m responsible for my own life, not someone else
I shouldn’t depend on others, or feel like they owe me something.
Why give that power to someone else when I could hold onto it myself?
So I don’t really care who wins the election.
The individual decisions I make on a daily basis are way more important.
The party leaders don’t even know me. They don’t care about my personal, daily problems. They are just strangers. I’m not trying to throw shade at anyone. It’s just a simple fact. The more I depend on giving power to someone else, the less efficacy I have over my own domain.
If the Liberals wins again, that’s cool. My net worth has grown by over $1 million since Justin Trudeau became Prime Minister in 2015. So more of the same isn’t bad. And if the Conservatives win then I’ll adapt to their new policies.
Priorities
Talking about politics can be fun. But at the end of the day, nobody is going to help me get to where I want to go.
Nobody will give me permission to tackle large goals and test my limitations.
If I want to choose my own path through life I have to take responsibility for myself. 🙂
What can I do today that will give me more time tomorrow, regardless of the election outcome?
Here are some ideas…
- Believe I can create my own destiny.
- Commit to building a 7 figure liquid portfolio, not just want to have one.
- Focus on opportunities rather than obstacles.
- Associate with positive, successful people.
- Believe I am bigger than my problems.
- Value my time and choose to get paid based on results.
- Spend time to learn how to better manage my money.
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Random Useless Fact:
A lucid dream is a type of dream where the dreamer becomes aware that they are dreaming.
This skill can be learned.
Your choice not to vote. Can’t say I blame you as this was a useless election call. Having said that though I trust you will NOT expound on the whatever government chooses to do during their mandate because quite simply you have chosen not to voice your opinion through a democratic vote.
We need governments that will administer the public funds in the public interest rather than courting favour with whoever has a sexy idea.
As my good friend Thoreau said “The government that governs the best is the government that governs the least” But that is an idealist world where one assumes that everyone conducts their lives for the common good without any government intervention (CPP, OAS, EI, Medicare, etc, etc, etc) Any one want to step up to the plate and say they are going to cancel these programs and let citizens take care of their own regions?
Anyone running a cheque book account of how mech each parties promises will cost us?
RICARDO
Good point. I will be content with whoever takes charge and not complain. 🙂 Their position of power won’t be permanent anyway. And if I really don’t like how things are going I could just move. That’s what a lot of people in California did recently. But it usually takes years of mismanagement for an area to degrade into a such a non desirable place to live.
I think this time around no one really wanna take on the poop pile and so Trudeau is kind of throwing a fit by saying “well if you guys think I’m doing a terrible job then let’s have an election then”… I have always been Team Conservative but they also have some questionable policies in the works if they do win office. However, I do agree with Liquid but personally I still voted since it’s a right and we need to exercise that to the max so this country can stay afloat and become better… hopefully lol. I do think we need a hard *ss to whip us into shape though; I just feel like we are such sensitive children that thinks we’re owed everything, whatever happened to that hard working mentality instead we think everything sucks lol.
In terms of finance, all I ask is whoever wins office really work on stimulating the economy on a local and global scale so we can thrive. I’m no politician and I know we have tried but we really need to stand our own and start building our own brand to the world and start to make some big moves.
I agree with your economic ideas. We need to invest in our own country so we can compete with the rest of the world. Our largest trading partner is currently running on the policy of consumption. Canada can take advantage of this and produce the goods and services Americans want to buy.
Thanks for voting. 🙂 I hope the Conservatives win in your district. If we had a direct instead of a representative democracy I would vote too.
Hah! I wonder, wouldn’t it be best to vote for the most corrupt party that looks the other way the most as housing prices become an affordable for the average Canadian citizen?
Here in the United States, I meant amazed at how much your home prices have gone up relative to income. I just hope people of the world view the United States as equally as Canada one day. It’s not like we don’t have humongous companies, great innovation, good diversity, and amazing weather!
Which candidate will help ignite the Canadian housing market further?
I am betting that is the candidate that will win!
Sam
Good point Sam. Most Canadians live in their own homes so people should vote to have their biggest asset go up in value. 🙂 The politician that’s likely to inflate the housing market the most is probably the incumbent Liberal.
There are many similarities between our countries. One difference though is the cost of borrowing. Our annual variable rate mortgages are around 1%, lower than the inflation rate. If mortgage rates in the U.S. dropped this low as well it would be interesting to see what would happen.
YES FINALLY. Someone who understands that it’s OK NOT to vote. I remember in college people shamed me for not registering to vote. Aside from the fact that I wasn’t eligible to vote at the time (which I explained to them but they clearly thought they knew better and tried to correct me), I just didn’t want to vote.
There’s other things that’s going on in our lives that are more important to us than voting, we have to normalize not voting is perfectly OK as long as we don’t complain about the results afterwards.
Thanks for the support. 🙂 Politics can be a hot topic. Part of living in a free country means you get the right, but not the obligation to cast a ballot.
I would be more inclined to vote if it could be done electronically. I just received my vaccine card today online. I registered from my home computer and downloaded the proof of vaccination in literally 1 minute.
I don’t know why people try to make others feel guilty for not voting. It says more about themselves than the people they’re trying to shame, lol. Everyone has different priorities so let’s respect individual choices.
Absolutely. If I can do it electronically, I would be more inclined to vote as well.
Dear Liquid,
Trust me, you don’t want to have Maxime Bernier as Prime Minister, he’s a super idiot. You need to see beyond your finance. If we get a bad Prime Minister – like Maxime Bernier – things will hit us hard and following what, you won’t be in a good financial situation.
You need to vote.
Hi Sunny, thanks for dropping by the blog. 🙂
To be honest I don’t know Maxime Bernier very well. I only heard him say he’ll lower taxes, which I like. But I don’t know much about his character or personal beliefs. The economy is an important topic for me. But you’re right, I need to consider things beyond just financial implications. Has Bernier done something that would make him a bad Prime Minister? I haven’t been following his campaign.
Good luck with your new account with National Bank. Yay free trades. 🙂
My money is on Trudeau eking out a win. I’m not too happy about it, but I try not to get bogged down in politics these days. Need to stay focused on what you can control: earning, saving, investing, and most importantly health and happiness!
If I had to guess, I would say you’re probably right. It will come down to whether or not the PPC can take enough voters away from the conservatives. If more people thought they could handle their own affairs better than the government, it would be easier to earn, save, and invest because the government would be a smaller part of the economy and there would be less taxes. 🙂
I totally respect your right to NOT vote. However, I would urge you to also consider the other big, non-fiscal issues that are on the line: the climate crisis, social justice, racial equality.
In this respect, it can make a big difference to vote for who will fight for and defend the protections, rights and freedoms already established (and that we still need to push for).
For me, fiscal responsibility is of equal importance in this election as the other issues I’ve listed. As Sunny points out, we DO NOT want someone like Maxime Bernier in charge.
He and others in his party have made racist, xenophobic, homophobic, and transphobic comments and seem to support/believe in far right ideologies. That is NOT a Canada I want to live in.
Thanks for the thoughtful comment, Chrissy. That makes a lot of sense. Although I’m fiscally conservative, I do lean towards the left when it comes to most social issues like equality, climate change and social justice. I do want to see more being done on those fronts as well. 🙂 The NDP always wins by a landslide in my electoral district. But if I was living in a more politically mixed area I would probably vote this time, lol.
Interesting that your district is so strongly NDP. My brother sent me this interesting tool this morning. Might be fun for you to take it and see where in the voter spectrum you land: https://votecompass.cbc.ca/canada
Looks like a neat tool. I’ll check it out. Thanks. 🙌
Focus on opportunities rather than obstacles… It’s all about mindset!
Absolutely. 🙂 We are what we believe.
It sounds cheesy, but it’s really quite practical.
I think it’s also important to take into account who will be the best for your riding and not only the overall leader and party policies. PPC had some interesting policy ideas when they first came around, but I think they have shown their true colours in this campaign and have some extremely questionable candidates in various ridings.
We need a leader who is balanced, fair and takes ownership of important issues. It’s one thing to say you’re going to do this and do that, but the actions need to back that up. The campaign promises also need to be realistically achievable, not just pie-in-the-sky targets that appeal to the hopes and dreams of certain voter segments.
I should do more research on the leaders and the candidates. I’ve been simply looking at policies only. But you’re right. It’s the actors in charge of implementing those policies that should probably be more scrutinized. 🙂
I feel if we had a more direct democracy, things would be more straight forward, and politicians would be more accountable.
This is very disappointing, I expected better from you.
Thanks for reading. Are you disappointed by something specific or by everything in the post?
I like your financial posts/thoughts but I’m disappointed in your decision not to vote and the implication that the only issue you care about is your own personal wealth. How you could vote for a party that would withdraw from the Paris accord when we are in the midst of a climate emergency that will massively impact future generations so that you can pay a bit less capital gains tax is beyond me.
Thanks for the feedback, Dave. Would you prefer not knowing about my democratic views? I thought maybe readers would like to know where I stand on economic policies as they do affect my personal decisions.
Tough question. I think it’s okay for you to share your political opinion but economic policies don’t exist in a vacuum so perhaps if you venture into this realm you should research further. You could sway some reader’s votes without realizing the full story yourself.