@ fixie guy and jesse

i agree; the problem is, RevCan is far more brazen with their own than they are dodgy rich immigrants. in the case of China they dont have hope in hell of uncovering the cash, like they would from a proper tax treaty country, like lets say Germany. My point is, if you want a picture into the stupidity its the report on child poverty in the west end as everyone in this blog has pointed out. secondoly its not even a Chinese thing, its a rich person who sees tax evasion as a sport. Canadians need to get rid of these idiots and sort this out so we are all on the same playing field.

@DEFAULT NAMEe:

"You obviously didn’t read your own link…"

Actually, I did. Undeclared income doesn't come up. Instead, the MLA concludes that to address WV's higher than average poverty rate it is necessary to have 'enhanced immigration' and more govt spending on poverty.

His cognitive dissonance is so extreme that this is how he ends the 92 page report:

"We repeat our bias to aim a greater share of spending in the direction of single moms and immigrants."

So, to address WV's high poverty rate the first thing he flags is single moms, yet earlier in the report he mentions that WV has a much lower rate of single moms at 8% than the provincial average of 12%.

He gets an F for critical thinking.

hit the nerve, patriotz?

@fixie guy

"It’s always been about the government. They control immigration policy. "

and who controls the government? Corporations.

Immigration was always about supporting the ponzi scheme that our health and pension systems are and suppressing the wages of the labour.

Cui Bono? Corporatocracy.

@DEFAULT NAME

"2 billion a year is spent lobbying congress. That is almost 4 million per year per member. Insider trading laws do not apply to them even when they are directly involved in the policy. It is the most corrupt system there is."

and our caucasian VCI audience is shocked. shocked! It should only happen in 3rd world countries we have been told by Peter Mensbridge.

but you know what is interesting is that you could clearly see how political elite is in the pockets of the financial elite. The so called "Rule of Law" goes like this:"We (financial elite) will give you crumbs (insider trades) and you (political elite) will write favorable laws for us (big business)

i guess everyone ignored my "peace out" comment, so I am going to throw in here. I have lived in asia 18 years and canada 27, born in canada so the first ten I dont remember. I have lived mostly in Japan but have been all over this place. the asian family thing is frankly a load, theres lots of variety, its not an honor thing, many families take care fo their extended family members with alot of bitterness. news flash; people are people all over they are no better or worse than us. the rich ones are usually pricks, just like the white canadian ones; big surpise. but I would like to say something here. if you think normal asian canadians who arent foreign millonaires arent as pissed as you are about the prices, then think again. bottom line… Read more »

@patriotz: "What do you mean? Were CoV policies any different a decade ago when prices were half as much? Does Surrey have the same policies? Regina? Why are prices inflated there too?" Maybe not, but bad policy will have worse effects over time. Credit causes the demand shock, but city policies dictate both the response in supply and the level of speculative demand. HIgher property taxes would reduce speculation and provide a stable tax base. Instead, we inflate fees on development and use that to fund the city. That is an unhealthy dynamic that amplifies price shocks on the way up and the revenue shocks on the way down. In the US, Houston has high property taxes and liberal development policies. It came through the bubble much better than places with low property taxes and restrictive policies. I know too… Read more »

@southseacompany: "Vancouver’s chief planner, Brent Toderian, says suck it up and learn to enjoy renting” Peter Ladner, Province, Nov13/11."

I.e. leave, because Vancouver's rental stock is a big part of what drives families to buy detached homes. The City of Vancouver is obviously not going to address the problem any time soon. Who is going to destroy their family's quality of life to live in "the best place on earth" ? Move to the suburbs and never see your kids? Going to Surrey or Langley will not get you a significant reduction in price. This city has created an intractable problem for its residents, and here we have this sadist, whose job it is to prevent these issues, practically gloating about the misery he inflicts. The best place on earth (for sadists).

@Capo:

"Another day, another corruption American style"

2 billion a year is spent lobbying congress. That is almost 4 million per year per member. Insider trading laws do not apply to them even when they are directly involved in the policy. It is the most corrupt system there is.

@southseacompany:

” Vancouver’s chief planner, Brent Toderian, says suck it up and learn to enjoy renting” Peter Ladner, Province, Nov13/11.

Nice to know that the head of Van City’s planning decisions has such a (Cam) good attitude."

If most people took his advice the bubble would deflate. Outside of the federal government changing CMHC policy or interest rates increasing it is the only thing that can deflate the bubble – stop buying. I wish politicians had the brains or the balls to offer the same.

@The Leak:

'I do not believe the stock market will crash. Look up “Plunge Protection Team”'

Where were they in 2008? I seem to remember a little blip to the downside.

@chip:

You and truthseeker need to get together to present your case to the CRA. I am sure they will be able to hold back the laughter better than me. Make sure to remove your tin foil hats before you make the presentation.