17.5 Million Dollar Man....BBD

[rookiepilot]

https://www.bnnbloomberg.ca/bombardier- ... sc=qRK6VcV

...Stock can be had for 48 cents, for the interested -----

[ayseven]

No different than a common thief. No morals whatsoever, all on MY back, as a taxpayer. Horrible people...

[Meatservo]

That's peanuts compared to what some people get paid, and yet I can't imagine what those guys even DO with all that money. I live in a nice house in an expensive city. And yet ONE million dollars would pay off my mortgage, send two kids to medical school, and pay my bills for years to come.

I just can't fathom what 17 million dollars is even FOR. I mean you'd be almost obligated to spend it on one of those ship-like boats or a private jet. What else could you do, other than convert it all into cash so you could fill a room in your mansion with coins and swim around in it like Scrooge McDuck?

[ayseven]

Servants is where I would put it. And a Chief Butler to run them, because HR is a pain in the neck.

[schnitzel2k3]

As they say, mo' money, mo' problems.

If you have enough properties and ex-wives, namely the ex-wives, 17.5M is a drop in the bucket lol.

Yes, for the average person, a 1M injection would change everything. As long as you didn't upgrade your lifestyle to match the paycheque.

Ayseven, you watch Dynasty lol?

[ayseven]

No never saw it. I had a business for a long time, and there was never time for anything, it seemed.

[complexintentions]

Chumming the waters are you rookiepilot?

Yes, what a horrible person receiving taxpayer money. Cause, like, no other Canadians are getting 300 billion dollars of government money rained on them or anything...

Of course it's excessive and ridiculous but outrage about the public purse is hilarious as everyone gobbles up their CERB, CEWS, EI, CTB and on and on...the only difference is the number of zeros on the cheque...and that yours is smaller. So - envy. Canada built their socialist bed electing Trudeau - TWICE! - just lie in it already.

What's that saying?

"Resentment is like drinking poison and hoping the other person dies."

[rookiepilot]

Chumming the waters are you rookiepilot?

Yes, what a horrible person receiving taxpayer money. Cause, like, no other Canadians are getting 300 billion dollars of government money rained on them or anything...

Of course it's excessive and ridiculous but outrage about the public purse is hilarious as everyone gobbles up their CERB, CEWS, EI, CTB and on and on...the only difference is the number of zeros on the cheque...and that yours is smaller. So - envy. Canada built their socialist bed electing Trudeau - TWICE! - just lie in it already.

What's that saying?

"Resentment is like drinking poison and hoping the other person dies."

https://www.youtube.com/watch?v=fmEQPYXkzUY

Gets good around 1:30

[gtappl]

That's peanuts compared to what some people get paid, and yet I can't imagine what those guys even DO with all that money. I live in a nice house in an expensive city. And yet ONE million dollars would pay off my mortgage, send two kids to medical school, and pay my bills for years to come.

I just can't fathom what 17 million dollars is even FOR. I mean you'd be almost obligated to spend it on one of those ship-like boats or a private jet. What else could you do, other than convert it all into cash so you could fill a room in your mansion with coins and swim around in it like Scrooge McDuck?

Or if you live in Toronto, pay for about 2/3rds of a house + fees

[gtappl]

Chumming the waters are you rookiepilot?

Yes, what a horrible person receiving taxpayer money. Cause, like, no other Canadians are getting 300 billion dollars of government money rained on them or anything...

Of course it's excessive and ridiculous but outrage about the public purse is hilarious as everyone gobbles up their CERB, CEWS, EI, CTB and on and on...the only difference is the number of zeros on the cheque...and that yours is smaller. So - envy. Canada built their socialist bed electing Trudeau - TWICE! - just lie in it already.

What's that saying?

"Resentment is like drinking poison and hoping the other person dies."

Those payments (I'm not getting any btw) are to KEEP CANADA RUNNING! The cost to us employed people would be a lot higher if we just said screw it to everyone right now.

What benefit to Canada overall is there by giving him $17,000,000?

[shimmydampner]

outrage about the public purse is hilarious as everyone gobbles up their CERB, CEWS, EI, CTB and on and on...the only difference is the number of zeros on the cheque

Great point. Thousands of lower and middle class people out of work through no fault of their own, collecting the equivalent of less than minimum wage is exactly the same as a demonstrably incompetent multi millionaire executive running a company into the ground and collecting the equivalent of 729 years worth of CERB for his efforts.
Same same.

[complexintentions]

The fact that millions, not thousands, of people are out of work is not their fault, true.

The fact that so many have zero contingency plan and absolutely NOTHING set aside and can't survive financially without government aid? Hmmm.

Extending the CERB another 8 weeks will cost $34 billion dollars. That program alone will cost an estimated $94 billion by the time it's done.

Now you have the bizarre situation of having historic unemployment levels at the same time as a worker shortage as people calculate it's better to sit at home collecting "free" money rather than go back to work. Pushing hard now for UBI and MMT (Magic Money Tree) economic theory. Turns out people prefer to get government money rather than work. Who knew?

I made no comparison of the relative merits of a CEO vs "lower and middle class" folk. Just saying that worrying about some CEO getting a $17 million handshake perhaps shouldn't be a top priority if the concern truly is taxpayer money.

[fishface]

You’re completely out of touch.
People WANT to go back to work. There is no work.
“Free” money can only last forever and everyone knows that. And it’s not just money.. there’s also health insurance and other perks/benefits.

And as far as I’m concerned, I’m not getting money from the government: They’re just returning MY money that I’ve contributed.

[complexintentions]

Out of touch? Out of work too. But not dead in the water because I actually considered that sometimes really bad things happen. I'm not getting a dime of government aid and I don't need it.

Don't bullshit about everyone wanting to go back to work. I know of too many personally: family's neighbours who are government workers and quite happy to collect full salary to not go into work. Of course their unions says it's "not safe" - why wouldn't they? They'll get the summer off with pay now. No need to use vacation days. Folks collecting CERB and refusing to return to reopened businesses. Students who don't see the need to bother getting a summer job since there's the Emergency Student Benefit. I have family and friends who run small a small business and they're struggling to get workers. Hard to compete with "free".

If you think you're getting money you've already contributed, think again. It's that entitled thinking I'm referring to exactly. Every cent of that $300 billion deficit is borrowed from future tax revenues. You haven't contributed a thing towards it. Not yet anyway.

More like you're getting money your great-grandkids will be repaying in taxes.

But hey...Bombardier. CEO's.

[kevenv]

You’re completely out of touch.
People WANT to go back to work. There is no work.

Sunwing has flown TFW's into NB and NS to fill jobs that companies cannot find locals to do. Fish plants around Moncton had a massive advertising blitz/campaign almost begging for workers, didn't work. Hence foreigners flown in to fill the jobs that you are saying don't exist.

[fishface]

Hey maybe I’m way wrong and I’m ok with that! All of the people that I know who are out of work actually WANT to go back to work, without hesitation. Myself included.

Hey, so maybe the Eastern Canada thing which is known for high unemployment is a mentality thing and not a lack of jobs. Don’t care either way.

Government workers getting full salary is different than people who are not getting full salary on EI/CERB/CEWS, so at least compare apples to apples.

And spare me the whole “entitled blabla future generations will pay for it” speech. Our current economic situation (in general, not COVID) is due to policies put into place by past generations...it’s just how it works.
In the mean time, I pay taxes and contribute to EI, so I damn right better receive a service in return - which so far is the case, but I’d still rather be at work

[fishface]

And I also think shitting on people who take the government aid is wrong. I do agree with you 100% about your point of people not having any savings. It’s very bad.
I pointed out in a different thread a while back that I get government money even though my wife and I could survive years with 0 income. But I would be stupid not to take the money given to me.

Say what you want but last time I checked, your opinion, ego and pride don’t pay the bills. Money does.

So do whatever makes you feel good and don’t take the money but in the mean time you’re the one losing.

[The Hammer]

Hey maybe I’m way wrong and I’m ok with that! All of the people that I know who are out of work actually WANT to go back to work, without hesitation. Myself included.

Hey, so maybe the Eastern Canada thing which is known for high unemployment is a mentality thing and not a lack of jobs. Don’t care either way.

Government workers getting full salary is different than people who are not getting full salary on EI/CERB/CEWS, so at least compare apples to apples.

And spare me the whole “entitled blabla future generations will pay for it” speech. Our current economic situation (in general, not COVID) is due to policies put into place by past generations...it’s just how it works.
In the mean time, I pay taxes and contribute to EI, so I damn right better receive a service in return - which so far is the case, but I’d still rather be at work

There's TFW's working in almost every province right now including poor Ontario despite an unemployment rate of 15%..... Employers are paying their TFW's to self isolate for 14 days before they can work and providing the accommodations required for self isolation and social distancing for their stay vs the normal "bunk houses" because "old stock" Canadian won't work..... Google it, these businesses are spending huge coin.

I know of employers who are resorting to using the CERB rat line because their employees won't come back because the CERB was extended. They were ready to come back July 15th when the tap was going to be shut off but now they aren't answering there emails/phones for some reason or just refusing. Employers are looking to bring back their people, maybe not full time just yet because restrictions are still in place, but they till need their employees. I understand they may make less money working than on CERB but in many cases but it's taking threat of termination to get them back.


It's gotten way out of hand.....

[shimmydampner]

The fact that so many have zero contingency plan and absolutely NOTHING set aside and can't survive financially without government aid? Hmmm.

Out of touch? Out of work too. But not dead in the water because I actually considered that sometimes really bad things happen. I'm not getting a dime of government aid and I don't need it.

I guess it must be easier to climb up on your cross if you're already on your soapbox, which is probably a pretty nice upper-middle class one at that. Perhaps being up there is aggravating just how out of touch you are, but if you can't imagine why huge numbers of your fellow Canadians have no "contingency plan" and "nothing set aside" then you were likely already very out of touch. However, the reality of the situation is much more unfortunate than your comfortable personal scenario. 3.2 million Canadians live below the poverty line. The median after tax annual income is $30k. That's $2500/month. The average 1 bedroom rental price in Canada is just under $1500/month, leaving $1000 to pay for everything else. God forbid they're a single parent in need of a 2 bedroom which goes for $1750 on average. How much of that $750-1000 remaining do you think a person could realistically save after paying all their groceries, insurance, phone, gas, bills, expenses, child care, after school activities, etc? These numbers don't make a compelling argument for an average person being able to find themselves suddenly out of work for any length of time and not need a helping hand to keep a roof over their heads and food on the table. And what would the ultimate cost to our society be if this financial aid was not made available to people in need and they were simply left to circle the drain and slip below, or further below the poverty line? How much more or less do you suppose that would cost us in the long run? Are you content to live in a society where thousands of people and families lose their homes, not through any fault of their own but because they're not as financially fortunate as you? Add to that the numerous reports piling up about how covid is disproportionately financially affecting the poor and middle class and is furthering income inequality, and yes, I'd say you're pretty out of touch. But by all means, continue to only examine issues from your personal perspective alone. It makes for a very nuanced, compelling argument about how those people are comparable to Alain Bellemare. The only difference is that clearly anyone on CERB could have just as effectively run Bombardier into the gutter, they'd have just done it for a lot less.

[complexintentions]

Tsk tsk so testy. Pardon me if this ant isn't weeping for the grasshoppers. From your touchiness I take it you're one of the latter.

I won't bore you with the details of my personal circumstances as it's clear you wish to dismiss them with the ever-popular meme of privilege. That's laughably incorrect, and that's fine. I'm neither silver spoon nor Ayn Rand. But it's irrelevant: just as my personal situation does not represent everyone, neither is every CERB recipient a single parent struggling to survive. So spare the rhetoric.

I actually think that getting cash out to the masses was absolutely necessary in the initial stages of the crisis and the right thing to do. But the money taps were opened so wide they're going to be very, very hard to turn off. This is the phenomenon I was remarking on, that others have also picked up on. Not shitting on the people who genuinely need aid, but I have nothing but contempt for the people - and there are many - who don't and take it anyway because "they paid into it". Like this:

I pointed out in a different thread a while back that I get government money even though my wife and I could survive years with 0 income. But I would be stupid not to take the money given to me.

Say what you want but last time I checked, your opinion, ego and pride don’t pay the bills. Money does.

So do whatever makes you feel good and don’t take the money but in the mean time you’re the one losing.

So you and your wife "could survive years with 0 income", but you take the government aid anyway by rationalizing that "opinion, ego, and pride don't pay the bills" (didn't you just say you could pay them for years?). Funniest part of all is you think you're "winning".

What a perfect illustration of the Canadian ethos. Too smug to even see the contradiction in their own words. ZERO personal ethics, yet are the first to moralize about everything under the sun. (Poster child: Justin Trudeau). I'd probably be more open to the complaining about cost of living and how hard life is if I didn't have to listen to greedy f$cks like this and they weren't so predominant. Not really picking on you fishface, your mindset seems to be shared by the majority. Grab whatever you can get your hands on regardless of need. I get it, greed and FOMO, but when the hypocrisy gets added to it - meh.

As far as thousands of people losing their homes: how else was a system completely reliant on home values only ever rising faster than inflation going to end? How did millions of people think that choosing to live paycheque to paycheque leveraged to the tits didn't come with massive risk? Hint: when you have to borrow money for the down payment perhaps you need to take a step back. Didn't have to be Covid-19 to lance the RE boil. Financial illiteracy is not a valid defense. Governments have a role to play in helping people genuinely in need. I don't believe that includes making the mortgage payments for those who simply bought far more house than they could ever afford even in good times.

Going back to BBD CEO. How is an executive grabbing as much as he can any different from any other Canadian grabbing as much as they can (see above), in any way other than scale? The country has much larger problems than the “rich”. Canadians rarely discuss building better mousetraps but they all know how most social programs operate and what benefits they can expect from a family court redistribution. Until the flaws in this sort of "what can I get" loser mentality are acknowledged I don't see things trending better. It's a downward spiral from here, history has shown that. Helping people who need it is one thing and completely laudable. Saving people from the consequences of their shitty decisions is entirely different and never ends well.

Out.