Canada ranks 5th in the world for people worth at least $30M US, Corporate Welfare

As of 2017 According to research firm Wealth X, Canada had around 10,840 residents worth $30 million or more of investable assets. Only the United States, Japan, China, and Germany had more people with at least that amount of money than Canada. Isn’t it interesting the countries that made that list? All of the top 5 nations on that list are known for merging Corporate and State powers together. People will also want to pay close attention to is the number $30 million? Why did they use the number $30 million and why did they use the words investable assets.

One of the reasons Canada ranks high on this list has little to do with French economist Thomas Piketty’s findings of inherited wealth. One of the reasons it’s so easy for people who inherit their wealth to remain rich is because humans in democratic nations continuously vote for protectionism, socialism, corporatism, nationalism, and Authoritarianism to rule over them. When humans vote like this in democratic nations especially they’re securing the richest of inherited wealth because you’d have to be a complete moron to know how and where to invest your money if you’re already rich.

Only new money as they call it is stupid enough to spend all their money on items that would be considered liabilities. If a child inherits his/her wealth chances are that wealth is in some type of fund that gives them a dividend payment of some kind every month, add to that is the obvious fact that when most rich people have children they often send these children to the best schools which enables those children to learn the In’s and outs of wealth creation. Furthermore, rich children are often given the space necessary to create even more wealth.

If you want to end the gap between the rich and poor you’d end welfare, you end welfare for the rich and for the poor, the central bank wouldn’t control interest rates, the free market would control, governments would protect industries and over-regulate the economy, because when economies are overly regulated governments advertently or inadvertently create monopolies. I often point to minimum wage laws, minimum wage laws favor the large corporations because they have no problem paying for minimum wages and large corporations equally have no problem paying to replace humans with robots.

Small businesses, new businesses have no such luxury so when the cost of a business is too high or when the government over-regulates the economy similar to Venezuela small businesses simply won’t exist, which in time makes a country more dependent on imports, so in the even there’s a finical crisis in the country the only way for the government to fix the problem is to open the free market, which a protectionist minded voter will be reluctant to do. Which of course prolongs the problem.

Canada ranked 5th in the world for people worth at least $30M USD because we have things like supply management, we have crown corporations, we have a lot of regulations that protect and help to multiply the earnings of the rich. It’s equally important for people to understand that the ultra-rich have access to investments the rest of us do not and the reason for this again is because of regulations. The governments of the world make sure that a person has to be making a certain amount of money before they can participate in certain investment activities. If you’ve ever heard of groups like the Bilderberg group, these groups are exclusive to the uber rich.

In the article you can read below, the writer attempts to frame his argument similar to that of French economist Thomas Piketty where he’s making the argument that we need to regulate and tax the rich more, this is the wrong way of thinking, we should be trying to make the world more competitive. If you watch all sports in time the Micheal Jordan’s, the Wayne Gretzky’s, Tom Brady’s eventually get replaced and surpassed by a younger, more hungry athlete. Now when these great athletes were in their primes a lot of people profited from them, but gravity eventually brings them down to earth and if they themselves don’t evolve or control their cost of living in time they will be just like the rest of us. We’ve all heard about athletes that have lost all their money after they retire, it’s the same reality in the world economy. The reason why the rich get richer is that there are people that believe that the government should remedy the gap between the rich and poor.

The free market is the remedy, it always has it always will if you want to read things from the point of view of Rajeshni Naidu-Ghelani of CBC News click the link below:

Canada’s ultra-wealthy getting richer faster than the rest of us, report shows

Interesting times ahead