Friday, March 15, 2024

Is He In Hiding?


Given that he is never seen publicly anymore, I am beginning to wonder if Galen Weston Jr,  the president of Loblaw Companies Ltd., is in witness protection. If not, given the extortionate prices he has presided over in recent years, it might not be a bad idea. 

Not content with the record profits his company is accruing, he is helming a couple of more initiatives to squeeze even more money from his operations, while simultaneously inviting even more odium from both taxpayers and the consuming public.

The CBC reports one of theses avenues is via the Loblaw-owned Shoppers Drug Mart chain. Corporate pressure is being exerted to up profit-levels through medication reviews.

Medication reviews are meetings between a pharmacist and a patient to go over their prescriptions and ensure they're taking the right combination of medicines. Anyone who takes at least three medications for a chronic condition, is living in a licensed long-term care home, or is receiving treatment for diabetes is eligible for a medication review in Ontario under the province's MedsCheck program.

"The pressure was extremely intense," said Curtis, a pharmacist and former associate store owner whose franchise agreement was terminated in the last six months. 

"They were essentially monitoring performance records weekly and if you were not hitting your weekly billing numbers, you were requested to come up with business plans and somehow come through with those billing dollars at the end of the day."

Emails to pharmacists belie the denials issued by the company about this practice.

In a December 2023 email to associate owners in Ontario — where Shoppers has most of its stores — a vice president reiterated the company's ongoing plan to "accelerate the care we are providing" through medication reviews before the end of the year. The plan included adopting higher weekly targets (known internally as "run rates") to prepare owners to meet new targets set out for 2024. 

 "Over the next 48 hours, I will be reaching out to you directly to speak with you and understand your commitment to meeting this run rate and providing these services to your patient population, and what your plan is to meet the run rate by the end of this week," the email said.

Associate owners get a cut of the professional services billed by their pharmacies. Records show the company offered an incentive of 10 per cent on top of that cut for a period at the end of 2023 if owners exceeded their target plan. 

Is this a victimless 'crime'? Hardly, because here in Ontario, payment for the reviews would be through OHIP, meaning all taxpayers are on the hook for this abuse.

This February, Shoppers Drug Mart pharmacies across Ontario brought in a collective $1,869,300 in revenue for professional services in a single week, according to internal records. Medication reviews accounted for more than 75 per cent of that revenue — $1,423,900. 

This is not the only measure Loblaw is taking, however, as the following video explains. 


As my wife said, what if you only browse and don't buy anything? How do you get out of the store?

One can only suggest that Mr. Weston look to his own house before applying the label of "criminal suspect" to his customers. 

 

Wednesday, March 13, 2024

Stupidity: The Antidote

Owing to a rather sensitive gag reflex, I only watched about two minutes of Senator Katie Britt's 'response' to Joe Biden's State of The Union address in which I gather, she blamed the president for all the ills besetting America. (Sound familiar?) The conceit: that it actually was a response, not a carefully scripted effort made before Biden's speech. It has, however, provoked a great deal of ridicule, including a sendup from Scarlett Johansan on Saturday Night Live.

However, the best most measured rebuke to Ms. Britt came from this lady:


It is refreshing to see some facts and logic for a change, although, as suggested in my last two posts, it is unlikely to forge much lightning in certain quarters.

Tuesday, March 12, 2024

Stupidity: The Followup

And continuing with the theme of stupidity, here is an AI-generated video that speaks much truth.

WARNING: Do not watch if you are offended by crude language.



If you want more stupid, how about this?


In closing, here's a joke a friend of mine sent me, perhaps reflecting a unified theory of stupidity and ignorance?

A QAnon conspiracy theorist, a racist, and an anti-Semite walk into a bar.

Bartender says, "What'll you have, Congresswoman Greene?"



Monday, March 11, 2024

Stupidity: The Epidemic

 

For those who are congenitally stupid, I have much sympathy. For those who are stupid yet think they are the smartest person in the room, I have only disdain. And it is the latter that this post seeks to address.

Although I have written on this topic before, stupidity's myriad manifestations continue to hold me in a perhaps unhealthy grip. But I know that I am not the only one who is both fascinated and repelled by this subject. Last week, on one of my regular walks with a few of my retired colleagues, all of whom actually read and are aware of the world around them, the topic of stupidity as it relates to Trump's followers arose. As is always the case when we gather, we had a spirited discussion as to possibly explanations of the cult for whom the Chief Grifter can do no wrong.

Later that day, one of them sent me an article by a neuroscientist named Bobby Azarian who offers this interesting definition of stupidity:

Although the term "stupidity" may seem derogatory or insulting, it is actually a scientific concept that refers to a specific type of cognitive failure. It is important to realize that stupidity is not simply a lack of intelligence or knowledge, but rather a failure to use one's cognitive abilities effectively. This means that you can be “smart” while having a low IQ, or no expertise in anything. It is often said that “you can’t fix stupid,” but that is not exactly true. By becoming aware of the limitations of our natural intelligence or our ignorance, we can adjust our reasoning, behavior, and decision-making to account for our intellectual shortcomings.

Indeed, to add to the above, I would say that having some humility about our own limitations is part and parcel of being critical thinkers.  Thus, for example, I accept the scientific consensus on Covid vaccines, a topic that so many with no expertise claim to oppose because they read something contrary on the internet or in a chat group. It is a classic case of the Dunning-Kruger effect, whereby people think they are smarter than they are and know things that others don't. As Azarian says, they are ignorant of their own ignorance.

The problem is especially worrisome because such people tend to be attracted to confident, strong-man leaders.

For example, Donald Trump — despite not having any real understanding of what causes cancer — suggested that the noise from wind turbines is causing cancer (a claim that is not supported by any empirical studies). It is well documented that on topics ranging from pandemics to climate change, Trump routinely dismissed the opinions of the professionals who have dedicated their lives to understanding those phenomena, because he thought that he knew better. It’s bad enough that politicians like Donald Trump and Marjorie Taylor Greene don’t recognize their own ignorance and fail to exercise the appropriate amount of caution when making claims that can affect public health and safety — but what is really disturbing is that they are being celebrated for their over-confidence (i.e., stupidity).

I hope you will find an opportunity to read the entire article, but I shall close with one more excerpt from it:

This new theory of stupidity I have proposed here — that stupidity is not a lack of intelligence or knowledge, but a lack of awareness of the limits of one’s intelligence or knowledge — is more important right now than ever before, and I’ll tell you why. The same study by Anson mentioned above showed that when cues were given to make the participants “engage in partisan thought,” the Dunning-Kruger effect became more pronounced. In other words, if someone is reminded of the Republican-Democrat divide, they become even more overconfident in their uninformed positions. This finding suggests that in today’s unprecedently divided political climate, we are all more likely to have an inflated sense of confidence in our unsupported beliefs. What’s more, those who actually have the greatest ignorance will assume they have the least!

And in this American election year, that is very, very worrisome. 

 



Friday, March 8, 2024

Dare I 'Blaspheme'?


I dare.

Given the hagiography that has unfolded since the passing of Brian Mulroney, I now take a step into waters that his enthusiasts might deem sacrilegious, even blasphemous. Despite his achievements (which largely look good in contrast to those of  today's 'leaders'), the late prime minister, in my view, was a shallow man who lacked insight into his own soul.

You may recall that one of his proudest achievements was that he sang for the Colonel  (Colonel McCormick) when he was nine years old. So impressed was he by this American's investment in Baie Comeau that he developed a fawning, life-long love of all things American, culminating in his onstage  singing of When Irish Eyes Are Smiling with Ronald and Nancy Reagan in the eighties. It was a performance he reprised in 2017 for Donald Trump, another man he greatly admired, at Mar-a-Largo.

The Globe's Lawrence Martin, whether intentionally or not, reveals the true shallowness of the man. Regarding his bond with Trump, he writes

Their relationship, Mr. Mulroney told me in an interview last year, went back decades to when they saw each other a lot in New York. It continued in Palm Beach, Fla., where he had a residence close to Mr. Trump’s Mar-a-Lago estate, which Mr. Mulroney and his family visited frequently.

He and Mr. Trump were such friends that shortly after Mr. Trump’s inauguration in 2017, he sang When Irish Eyes Are Smiling for Mr. Trump at a Mar-a-Lago reception. He’d sung it with Ronald Reagan at the Shamrock Summit in Quebec City in 1985.

In fact, Mr. Mulroney believed Mr. Trump could be a highly successful president, just like the Gipper. 

Mulroney revealed to Martin that he thought Trump would be a good president, swept up in the majesty of office, and didn't see his right-wing populism coming. Those of us with both a pulse and critical thinking skills, I suspect, were not overtaken with the surprise Mulroney undoubtedly felt but never acknowledged when Trump turned out to be manifestly unfit for office.

During the interview, the late PM revealed he didn't blame the forces unleashed by Trump as responsible for America's current ills:

You have to look ... at “the capture of the Democratic Party by the extreme left-wing – The Squad and the unions. Joe Biden has been held hostage by the left wing of the party. And I know Joe well and I like him. But that’s what happened.”

He concurred that the U.S. democracy was in dire condition and the country brutally divided. “I understand all that, but that doesn’t change the reality that this is the greatest nation on Earth...

I submit that those dogmatic assertions would be met with less than universal assent.

For me, however, the greatest indication of Mulroney's lack of personal insight and reflective capacity is what he reveals about his ideas on free trade.

In our interview, Mr. Mulroney wanted to clear up a misconception: the idea that he was a johnny-come-lately to the idea of free trade. “Look, I had been president of the Iron Ore Company for nine years. And hell, the whole concept of the Iron Ore Company was trade. I was all over the world from Romania to China to Taiwan to Brazil, non-stop.”

While it’s true, he said, that in the 1983 Tory leadership campaign he stridently opposed free trade, it was because Canadians weren’t prepared to hear of it then and he couldn’t have won on it. “You have to remember the antipathy toward Reagan was horrific in Canada, disgraceful.”

What kind of man openly and shamelessly, even proudly, admits he lied both to his own party and the Canadian public?

The legacy of Brian Mulroney will, without doubt, be persistently promulgated and promoted in the days leading up to his state funeral. However, we do a grave disservice to critical thinkers everywhere not to challenge the elevation to secular sainthood many of his boosters clearly wish for him.

 

 


Monday, March 4, 2024

Take My Money. Please!


With even Britain's Labour Party avowing no new taxes on the wealthy, it is refreshing when one reads about people of means asking to be taxed more. In the United States, it is the billionaire Warren Buffett who clamours for fair taxation. His Buffett Rule came to prominence when he

publicly stated in early 2011 that he believed it was wrong that rich people, like himself, could pay less in federal taxes, as a portion of income, than the middle class, and voiced support for increased income taxes on the wealthy.

Regrettably, there is little such appetite in Canada, where that kind of talk is met with dire warnings of doom, the myth being that we are overtaxed. No one wants to impose penury on the wealthy, since they already do so much for us, eh? However, one individual is piercing the 'party line'. Claire Trottier writes:

Despite being part of the 1 per cent myself, ... we’re not addressing the underpinning factors that are accelerating the concentration of wealth and power into an ever shrinking percentage of individuals.

The solution is right in front of us: we need to tax me and people like me more and that means taxing wealth. 

She points out that the gap between the very rich and the rest of us is widening.

Canada’s roughly 50 billionaires have seen a 51 per cent increase in their wealth since the beginning of COVID and have more assets than the bottom 40 per cent of Canadian households combined. And it’s getting worse, as hugely disproportionate sums of wealth created in the last 10 years have gone to the top 1 per cent while the bottom 50 per cent have gotten practically nothing.

Given the crises in housing, food prices, general affordability and the climate, Trottier wants to see some changes. 

 I am one of over 250 millionaires who signed an open letter presented at the World Economic Forum at Davos saying that we would be proud to pay more tax in the form of a wealth tax. 

Polls show that a majority of Canadians support the idea of a wealth tax. 

All of society would benefit from a wealth tax. I’m not interested in being a rich person in a poor country. I want to live in a society where everyone can live a dignified life today and where we can mitigate the devastating impacts of climate change in the future.

Unfortunately, as I tried to point out in my previous post, the biggest impediment to fair taxation seems to be our government and the titans it chooses to fawn over and listen to. Until that changes, expect the gap between the rich and the poor, and its attendant policy failures, to continue apace.

 

 


 

Thursday, February 29, 2024

UPDATE: A Lack Of Appetite: The Canadian Government, The CRA, And Tax Avoidance

 

While I have written extensively in the past about tax evasion and avoidance in light of the revelations of both the Panama and Paradise Papers, I felt it was time to do an update. To summarize what I wrote previously, there has been a striking reluctance on the part of our government, compared to other jurisdictions, to go after the entitled who have sheltered so much income in offshore accounts.

Consider, for example, France. as reported in La Monde.
Seven years [after the Panama Papers release] and hundreds of audits later, France has already recovered €195.5 million in tax revenue for the state budget... 
Rendered invisible in offshore arrangements, this money corresponds to 219 taxpayer files, both individuals and companies, caught in the net of the Panama Papers. It's the sum of all financial audits completed by December 31, 2022, as well as regularizations made.

This sum

place[s] France in the club of five countries to have recovered more than €100 million in taxes and penalties thanks to the Panama Papers, along with the UK, Germany, Spain and Australia.

Moreover, the cumulative amount recovered is greater:

All told, from the Offshore Leaks (2013) to the Pandora Papers (2021), the sum recovered today stands at over €450 million. However, this figure will remain incomplete until all checks have been completed.

By contrast, it would appear that the pursuit of tax scofflaws by Canada has been far less vigorous. While is is difficult to find any current reports, two Senate of Canada reports do not paint a rosy picture. The first, from 2019 and written by Senator Percy Downe, has this to say:

The Canada Revenue Agency (CRA) is up to its old tricks: misleading Canadians and not upholding its responsibilities to collect taxes owed to our country by those hiding their money overseas. When tax cheats are not caught, charged and convicted, and money owed isn’t collected, we have less money to invest in our priorities while the rest of us pay higher taxes to make up the shortfall.

Why the federal government allows this state of affairs to continue year after year remains a mystery. The government talks tough, “overseas tax evasion is a high priority”, “we will catch you if you cheat” and other reassuring words. Their results, however, speak for themselves: they have none.

Recently, on the third anniversary of the release of the Panama Papers, we learned that other countries have recovered more than $1.2 billion dollars in fines and back taxes. Australia has recouped $92,880,415, Spain is counting $164,104,468 in their coffers, the United Kingdom has recovered $252,762,000, and even tiny Iceland was able to recover $25,525,959. Some 894 Canadians (individuals, corporations and trusts) were revealed to have accounts in the Panama Papers, but Canada’s Revenue Agency hasn’t recovered a dollar.

A second piece by Downe, written two years later, reported no progress. 

In the immortal words of the Parliamentary Budget Officer, "there are hundreds of millions, if not billions, of dollars in taxes that go undeclared, unreported and that escape Canadian tax authorities, probably on an annual basis...”

The Canada Revenue Agency (CRA) has failed when it comes to collecting any of this money hidden overseas. Notwithstanding the CRA’s highly effective domestic tax collection, they have been an utter disaster on overseas tax evasion. Canadians are allowed to have accounts overseas but it is illegal not to declare the proceeds of those accounts.

This inaction costs all of us, considering how the foregone tax revenue would provide a healthy injection into a myriad of much-needed programs in Canada. 

In Canada, there is no risk to hiding your money overseas because your chances of being charged or convicted range from slim to none. The "hundreds of millions, if not billions, of dollars in taxes that go undeclared ... probably on an annual basis” identified by the PBO will not, by itself, solve our financial problems — but it will go a long way to restore prosperity for Canadians.

The failure to collect taxes owed undermines confidence that everyone is being treated equally. If we are all in this together, then we all pay taxes. Otherwise, there is special treatment for some Canadians with the resources to hide their money, while the rest of us must pay more to make up that shortfall.

There is much work to do. Since nothing else has worked, it’s time for solid action rather than empty words from the Government of Canada.

One is naive to believe that the CRA is truly independent of government influence. One may recall, for example, that Stephen Harper siced it on NGOs that were critical of his government, and despite the promising rhetoric at the beginning of Justin Trudeau's tenure, it is clear that certain entities (think corporate and individual titans) are essentially off-limits. 

I have said it several times here, that Mr. Trudeau has never met a powerful entity he doesn't admire. Perhaps he picked it up through his upbringing or his reported forays to Davos to meet with the world's elite. 

One thing is undeniable, however. His bromance is costing the rest of us plenty, both in terms of a loss of faith in the fairness of our tax system, and the underfunding of programs that could benefit all of us, if only we had access to Canadian elites' tax on their concealed wealth.

UPDATE: The G20 wants to impose a minimum global tax on billionaires. Keir Starmer, Britain's Labour leader, promises no new taxes on the wealthy if elected. I suspect Justin Trudeau shares Starmer's aversion to holding the ultra wealthy to account.