News Story of the Day: nearly half of all Canadians are living paycheck to paycheck, says a new survey from the Canadian Payroll Association (CPA).
The survey discovered that 48 percent of Canadians are one missed paycheck away from facing a personal financial crisis. The poll also discovered that close to nearly one-quarter (24 percent) of Canadians would have a hard time coming up with $2,000 within 30 days to cover an emergency.
These results also spell bad news for their retirement. A strong majority (75 percent) say they have only saved fewer than 25 percent of their retirement goal. Most also say that they will likely have less than $1 million in their retirement.
And, of course, Canadians feel “overwhelmed” by their debt load. The numbers suggest that the average Canadian is carrying around $20,000 worth of debt. Talking about feeling overwhelmed!
Chart of the Day: the next time you see a millennial sport a Mao Tse-Tung, Joseph Stalin or Che Guevara t-shirt, be sure you show him this chart, which highlights the number of deaths from communism. These are very conservative numbers, and it’s likely that the deaths from communism are a lot higher. At least it’s a starting point!
Illustration of the Day: sometimes, liberal logic can be rather confusing. For instance, President George W. Bush was called a war criminal for bombing foreign nations and throwing terrorists in Guantanamo Bay. However, when President Barack Obama does the exact same thing he is praised by those very same people who call Bush a war criminal. Well, another aspect of liberal logic that is befuddling is when it comes to Margaret Thatcher and Che Guevara regarding homosexuals. Here is an illustration from the Libertarian Republic to explain:
Quote of the Day: with Labor Day come and gone for another year, the unions are being championed as the reason why we had the holiday and weekends in general. Pish posh! It’s because of capitalism, technology and productivity that we have weekend. Here is legendary free market economist Murray Rothbard talking about labor unions:
Union history in America is filled with romanticized and overblown stories about violent strikes: the Pullman strike, the Homestead strike, and so on. Since labor historians have almost all been biased in favor of unions, they strongly imply that almost all the violence was committed by the employer’s guards, wantonly beating up strikers or union organizers. The facts are quite the opposite. Almost all the violence was committed by union goon squads against the property of the employer, and in particular, against the replacement workers’ invariably smeared and dehumanized with the ugly word “scabs.” (Talk about demeaning language!)
The reason unions are to blame is inherent in the situation. Employers don’t want violence; all they want is peace and quiet, the unhampered and peaceful production) and shipment of goods. Violence is disruptive, and is bound to injure the profits of the company. But the victory of unions depends on making it impossible for the company to continue in production, and therefore they must zero in on their direct competitors, the workers who are replacing them.
Pro-union apologists often insist that workers have a “right to strike.” No one denies that. Few people except for panicky instances where, for example, President Truman threatened to draft striking steel workers into the army and force them back into the factories-advocate forced labor. Everyone surely has the right to quit. But that’s not the issue. The issue is whether the employer has the right to hire replacement workers and continue in production.
Video of the Day: this one should be interesting. Kentucky Republican Senator and 2016 presidential candidate Rand Paul appeared on the Ron Paul Liberty Report to discuss foreign policy. It was a good discussion on selling weapons to Saudi Arabia, transferring weapons from Libya to Syrian rebels and the executive branch having too much power when it comes to foreign policy. It’s just too bad that Rand Paul didn’t fully adopt his father’s non-intervention stance since heading to Washington.
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