Stimulus Payment Info.

[Shades]

"This year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:

Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.

Q. Where will the government get this money?
A. From taxpayers.

Q. So the government is giving me back my own money?
A. Only a smidgen.

Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.

Q. But isn't that stimulating the economy of China ?
A. Shut up.

Below is some helpful advice on how to best help the Canadian economy by spending your stimulus check wisely:


If you spend that money at Wal-Mart, all the money will go to China .
If you spend it on gasoline it will go to the Arabs.
If you purchase a computer it will go to India .
If you purchase fruit and vegetables it will go to Mexico , Honduras , and
Guatemala (unless you buy organic).
If you buy a car it will go to Japan .
If you purchase useless crap it will go to Taiwan .

And none of it will help the Canadian economy.

We need to keep that money here in Canada . You can keep the money in Canada by spending it at yard sales, going to a hockey game, or spend it on prostitutes, domestic beer and wine or tattoos, since those are the only businesses still in Canada.

 

[binderman]

Actually the more you engage in free trade with countries that have a comparative advantage over producing the product domestically the more money you will have at the host country. Protectionism and segregation is what destroys an economy.

http://www.youtube.com/watch?v=A2IRrfcvVCg

 

[tboy]

Actually, we dont' import our oil so if you buy gas, it goes back to the government and to big oil......

 

[Never Compromised]

Actually, we dont' import our oil so if you buy gas, it goes back to the government and to big oil......

Not true. We export the Alberta oil to the US, and we import Arabian oil for use in Ontario and Quebec.

Alberta hated the NEP because the people that actually own the oil companies are Americans.

 

[tboy]

Not true. We export the Alberta oil to the US, and we import Arabian oil for use in Ontario and Quebec.

Alberta hated the NEP because the people that actually own the oil companies are Americans.

ummm I dont' have time to research but if that is the case, where are our big shoreline unloading stations and pipelines running from the east coast? We can't be TRUCKING it all here from the east coast and supertankers certainly can't make it up the St Lawrence......

"About 40% of the oil used in Ontario is imported, about 90% of the oil used in Quebec and the Atlantic provinces is imported.)"

from: http://www.sqwalk.com/blog2006/000697.html

 

[fuji]

Spending money on prostitutes is a HIGHLY EFFICIENT way to boost the economy.

First, it's a service, so 100% Canadian.

Second, since prostitutes generally don't pay taxes, or underpay taxes, more of the money cycles back in to the real economy rather than inefficiently returning to the government.

Third, SP's with undeclared income are more likely to spend the money than save it, keeping it working in the local economy rather than stashed in an RRSP.

Fourth, they're also likely to spend it on a variety of goods and services rather than big-ticket items like cars and houses, to avoid audits. That means they'll spread the money around to more people making it a good general stimulus.

The only downside would be if you spent it on an SP who is doing a three month tour through Canada before heading back to the home country. In that case much of the money is likely to leave Canada--so while I enjoy their services of visiting SP's, from a stimulus perspective, choose a local born SP.

I think everybody should get out there and do their bit!

 

[tboy]

LOL I'm with Fuji on this one......

More to the point though I just finished a project for some US customers and I spent about $30K on small Canadian retailers, some local casual labour, and purchased mostly Cdn materials......

 

[wangbang]

Second, since prostitutes generally don't pay taxes, or underpay taxes

Nooooooooooooooo.

 

[Mencken]

Not true. We export the Alberta oil to the US, and we import Arabian oil for use in Ontario and Quebec.

Alberta hated the NEP because the people that actually own the oil companies are Americans.

Alberta hated the NEP because it shut down the industry and 60,000 people lost their homes when they lost jobs and the economy tanked. It was far worse than if Ontario lost the auto industry. And the only reaction from the federal government of the day was disdain.

As for source of oil here in Ontario...I think most of it is from western Canada via pipelines, refineries at Sarnia, etc. But it varies from day to day...sometimes from US refineries, etc. How much would be from the middle East is anyone's guess. Lots of Alberta oil gets refined in Texas and shipped back up here, along with offshore sources.

 

[fuji]

As for source of oil here in Ontario...I think most of it is from western Canada via pipelines, refineries at Sarnia, etc.

Canada imports a little over half the oil we consume. We import 1.3 million barrels per day and consume around 2.3 million barrels per day.

Canada has no upgraders capable of processing the Alberta tar sands into usable crude so it is all shipped to processing centers in the United States.