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The Left Sock
07-19-2012, 09:12 AM
Canadians now richer than Americans

http://ca.news.yahoo.com/blogs/canada-politics/canadians-richer-americans-report-214732829.html?

How is this possible, when so many of us spend so much of our money across the river? Apparently, it is due to our 'doggedly socialistic conservative fiscal policy'. Good luck sorting that one out!

Barry Morris
07-19-2012, 04:15 PM
The biggest item we Sault folks buy across the river is gas.

Which comes from here!!!

The Left Sock
07-19-2012, 06:32 PM
Don't get me started on that one. $3.69 a gallon in Sault, Michigan, and $5.20 a gallon in Sault, Ontario. We sell it to them, they add a profit margin to it, and we buy it back cheaper from them than we can buy it from our own side!

It's the largest ongoing crime in Canadian history, and we just suck it up and do nothing, because we are 'nice' Canadian folks!

Barry Morris
07-19-2012, 07:15 PM
Nah, it's the deals we make while buying across the border.

When it worked in reverse, we didn't complain.

Anapeg
07-21-2012, 06:13 PM
Don't get me started on that one. $3.69 a gallon in Sault, Michigan, and $5.20 a gallon in Sault, Ontario. We sell it to them, they add a profit margin to it, and we buy it back cheaper from them than we can buy it from our own side!

It's the largest ongoing crime in Canadian history, and we just suck it up and do nothing, because we are 'nice' Canadian folks!

I do wish someone with math skills would figure out just how much per litre we really pay for tax. My asinine attempt comes in at 3.50 per Canadian gallon or .77 a litre before tax but someone more clever the myself would likely blow that out of the water..

The Left Sock
07-21-2012, 07:21 PM
Well, it's a really valid point, and there is no doubt taxes play a large role in why we pay so much, but I do believe there are taxes included in American gas as well.

The structure of those taxes I am not aware of, but the underlying point, and my main bone of contention is and has always been, that gas-rich countries don't charge their own people as much as they charge others.

If you look at all the oil-rich countries like Iraq, Saudi Arabia, even Venezuela, you will see that gas prices for local consumption are a fraction of world prices. Canada can allow foreign investment in oil, but we should put conditions on those companies to provide Canadians with discounted gas. This would guarantee our strong economy, and lead to real growth. It works everywhere else in the world, why don't we demand the same deal for Canada?

Barry Morris
07-21-2012, 07:26 PM
Sock, THAT I certainly agree with.

AND we'd have Americans coming THIS way to buy OUR gas!!!

F!$h!e
07-22-2012, 02:51 PM
By my Calculations, Michigan folk pay 39c/l plus .53c taxes (57.9% tax) average Ontarians pay 77c/l plus 49c tax (38.7% tax)......therefore if our tax structures remained the same, but we paid what they pay for the actual fuel, We'd only be paying 83c/l (they are paying around 92c/l now, compared to our $1.29 avg)
My numbers may be off just a little, but the reality is that just like lumber, we have more product than we can use domestically, so we have to sell it cheap to the U.S. or stop producing it (they won't buy it if its not cheap) in turn, we have to pay the premium because everyone along the chain has to profit somehow......Americans profit from selling in bulk, Canadian businesses generally don't have that option. Supply and demand :) Business Marketing 101, lol.

Asparas
07-22-2012, 03:23 PM
I do wish someone with math skills would figure out just how much per litre we really pay for tax. My asinine attempt comes in at 3.50 per Canadian gallon or .77 a litre before tax but someone more clever the myself would likely blow that out of the water..

Google has much better math skills than me, including up to date exchange rates. Type the following in google and search it, however replace the value I have there with the current price per gallon for American gas, it's an old price.

3.63 usd per us gallons to cad per liter

Magneto
07-22-2012, 10:16 PM
"Traditionally — it's believed — Canadians have an inferiority complex when it comes to our neighbours to the south."

Incorrect! I like the fact that I have health care coverage, and in a global respect.. when I travel abroad, I know I don't have to lie about being Canadian... just so the locals don't try to lynch me -- like they would if I said "I'm an Amerikun. Do you speak Amerikun?" I like the fact that Canada isn't regarded like our "friends" to the south.. as war-mongering busy-bodies that need to involve themselves in every single global dispute to simply increase the body count numbers. I like the fact that Black-Ops agencies like BlackWater aren't associated with the way Canada does global business. I certainly like the fact that as Canadians with a measly armed forces division -- we have better fighter pilots, field medics AND snipers than our "friends" to the South that have spent more than Canada's national debt on their military.

"You say you've come here to bring me liberty and democracy. All you're really doing is liberating my country from the oil reserves you have found under our soil."

Inferiority Complex, I think not. If anything... I bet Americans wish they were as well liked as Canadians globally.


And to speak loosely about fuel to keep things sorta on topic. Canada and US do have different regulations for fuel. Canada's fuel suppliers have no regulation on cleaning detergents, and are heavily regulated on sulphur content. Fuel distribution suppliers in the US are regulated the opposite way. No regulation on sulphur content, and heavy regulation in cleaning detergents. (Its why gas stations in the States smell differently than those in Canada... you're smelling the sulphur.) I doubt that would explain why our gas is more expensive...

The fuel we ship across is raw fuel that hasn't been blended/mixed.

The Left Sock
07-22-2012, 10:51 PM
"we have more product than we can use domestically, so we have to sell it cheap to the U.S. or stop producing it"

I disagree with that. China is desperate to buy oil on the world market, as well as most of Europe. We could find lots of customers for our oil at a premium, we don't need to sell it at a discount to the US.

BFLPE
07-23-2012, 03:45 PM
Nobody sells oil at a discount. The price is set on the global market.

The Left Sock
07-23-2012, 11:35 PM
Countries all over the world sell oil domestically at a discount. In some countries, they pay less than a dollar a gallon for gas, but since we are in Canada, and since we are being baffled into believing that free trade prevents us from doing the same, our government gets away with raping the Canadian people for $5 plus a gallon.

BFLPE
07-23-2012, 11:57 PM
You got the Government raping part right. Show me some proof though that Canadian companies sell oil at discount prices to the US.

The Left Sock
07-24-2012, 01:45 AM
Sorry, but it wasn't me who claimed we did. I quoted another poster on that point, and then said I disagreed with them. I believe it was the dude with the funky fishy name, who claimed that.

BFLPE
07-26-2012, 01:56 AM
Sorry, my mistake.

The oil companies don't set the price of oil though. Which countries are you talking when you say they sell their oil domestically at a discount?

RWGR
07-28-2012, 11:25 AM
the very assertion that Canadians are richer than Americans is on shaky ground.

The Environics study measures average net worth of households, which is calculated by taking households’ assets and subtracting their debt from the total. Since the largest asset that most families own, by far, is their home, average household net worth is as much a measure of house values as it is of actual wealth.

The Globe said as much when it originally reported on the data in late June.

“Has Canada experienced a sudden surge of productivity or entrepreneurial genius? Not exactly,” Michael Adams wrote in the Globe. “Our resource sector is certainly firing on all cylinders, but the biggest reasons for Canadians’ deep pockets relative to Americans’ in recent years are the related phenomena of the 2008 economic crisis and the collapse of the U.S. housing market. Because house prices in the U.S. have plunged, the real estate held by Canadians is now much more valuable than that held by Americans (worth over $140,000 more on average).”

This is little more than wealth on paper. And it may not last long, even on paper. Vancouver home sales and prices are plummeting and the Toronto market is under heavy pressure. Meanwhile, evidence is mounting that the U.S. housing market, after five nightmarish years, is finally beginning to bounce back.

http://www.huffingtonpost.ca/2012/07/19/canadians-richer-than-americans_n_1683800.html

Barry Morris
07-28-2012, 11:38 AM
Welcome back!!!

RWGR
07-28-2012, 11:40 AM
Welcome back!!!

Thanks, but to be honest there isn't much to come back to. This place is a morgue.

Barry Morris
07-28-2012, 11:47 AM
I said that last year. And now, mid-summer, whaddya expect??

RWGR
07-28-2012, 11:47 AM
I said that last year. And now, mid-summer, whaddya expect??

Balloons. Fire trucks. Puppy dogs.

Barry Morris
07-28-2012, 11:57 AM
We got 'em.

But they're all virtual!!!