Opinion

Oh For Truck’s Sake – a KinderMorgan Story

Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr

Published

6 years ago

4 minute read

By Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr – President & Founder of CGL Strategic Business & Tax Advisors (CGLtax.ca)

Say you have a 1953 F-100 pickup truck. It has a 110 horsepower V8 that still works fine. You’ve done regular maintenance and repairs, and you have fixed it repeatedly to keep it on the road, but the job it performs just isn’t enough anymore to meet the demand of your customers.

The old truck isn’t what it used to be. You can’t accelerate as fast, can’t get to where you want to go as quickly, it costs more to run, and the towing capacity isn’t what you need to be at full efficiency.

To most people, the truck is a classic, and many would see it as something worth saving and restoring. Now, you aren’t willing to part with it just yet either, but you know that in order to keep your business running you can’t continue with only this old truck.

As a result, the time has come for an upgrade, so you can continue operations. The new model has an engine with over 400 horsepower, better fuel efficiency, new technology, more safety features, and can easily meet the needs of your business and the needs of your customers for many years to come.

There is only one catch.

You can’t easily get the truck.

The Canadian government is requiring you to have permits, licenses, and approvals before getting the truck.

Then once you get them, the BC government is saying that you shouldn’t have been approved to get the truck.

While you patiently file all papers and deal with all legal proceedings, there are now protestors and politicians blocking any route you try to prevent you from getting the truck.

Meanwhile, you keep using your old truck and see your competitors starting to get new trucks in other jurisdictions and start shipping to your customers while you still patiently wait for your own new truck.

But now the time has come to do something.

If you don’t get your new truck soon, you will have no choice but to go get your new truck somewhere else or you could lose a lot of business.

You aren’t asking for money, you’re just tired of being patient. Your business depends on it, and the delays preventing you from getting the truck are threatening your business.

All you want is for the protestors to move and the governments to stop changing their minds, so you can have the truck.

So what does the government decide to do to help you?

Instead of removing the protestors and sticking to the approvals already granted, they will buy your old truck and bring in their own new truck to compete against you instead.

Say goodbye to something that has been working for you for 65 years, and say hello to your new competitor.

So instead of helping your business, they are telling you to leave it behind and go somewhere else.

Now at least you’ll have the money to put towards that new truck you want, except now you not only have to do it elsewhere, you now have another competitor also getting a new truck, and still has the old one that you were going to use to help pay for the new one.

If this were you, would you ever want to come back to Canada?

Personally, I would enjoy my new truck somewhere else and never look back.

Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr

CEO | Director CGL Tax Professional Corporation With the Income Tax Act always by his side on his smart-phone, Cory has taken tax-nerd to a whole other level. His background in strategic planning, tax-efficient corporate reorganizations, business management, and financial planning bring a well-rounded approach to assist private corporations and their owners increase their wealth through the strategies that work best for them. An entrepreneur himself, Cory started CGL with the idea that he wanted to help clients adapt to the ever-changing tax and economic environment and increase their wealth through optimizing the use of tax legislation coupled with strategic business planning and financial analysis. His relaxed blue-collar approach in a traditionally white-collar industry can raise a few eyebrows, but in his own words: “People don’t pay me for my looks. My modeling career ended at birth.” More info: https://CGLtax.ca/Litzenberger-Cory.html

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Bruce Dowbiggin

Taylor Made: Time ‘s 2023 Person With A Uterus Is A Cultural Swiftie

Published on December 7, 2023

Bruce Dowbiggin

It’s a sitcom worthy of Norman Lear. Young woman aspires to be a country singer. Winds up instead— oh, the laffs— becoming a cultural icon for other young women with her confessional songs (“Look What You Made Me Do“), sold-out concerts and distinctive fashion choices.

She has a lunkhead football boyfriend with heart of gold (he pushes Covid vaccines). She flies in to watch him play his games. She writes songs like “We Are Never Ever Getting Back Together“. And she’s a Victim! “(The fight with Kim Kardashian) took me down psychologically to a place I’ve never been before. I moved to a foreign country. I didn’t leave a rental house for a year. I was afraid to get on phone calls. I pushed away most people in my life, because I didn’t trust anyone anymore. I went down really, really hard.”

Naturally, Time Magazine votes her 2023 Person The Year. Taylor Swift was (pun alert) tailor-made for the legendary TV producer of All In The Family, Maude and The Jeffersons. Just as Swift defined 2023, Lear defined white urban liberal sensitivities in the late 1960s and onward. His cutting portrait of redneck Archie Bunker was the template for today’s lecture-in-30-minutes TV culture.

The Jeffersons was the epitome of Great Society pandering for white 1960s progressives. Maude was Bea Arthur chewing on the scenery in aid of first-generation feminism, when burning a bra was the funniest thing anyone had ever heard of.

So it’s kismet that the news of Lear’s death and Swift being anointed as Time’s 2023 Person With A Uterus align on the same day. For the crumbling legacy media the empowerment of Swift encapsulates all that they stand for in their opposition to the boor Donald Trump. Waif-ish, cute, fashion-trendsetting— Swift rules the world of their favourite voting demos. “You go, girl!”

The death of Lear at 101, meanwhile, is a nostalgic reminder of the days when three major TV networks and a handful of NYC-based newspapers and magazines determined the culture. When Walter Cronkite declared Viet Nam over on CBS, Lyndon Johnson had no FOX News channel to defend his policies.

(Which inadvertently opened the door for Richard Nixon. Meanwhile, the heavy-handed Bunker parody politicized many rednecks, leading to Ronald Reagan’s accession to POTUS in 1980. But we digress.)

The complacency of the Clever Culture— in the person of Lear protegé Rob Reiner—has been stultifying and self-reinforcing. Eventually most of those captured by it fell wordlessly into the coma of non-binary, cisgendered, trans-accepting, Hamas-has-a-point acceptance that Trump threatens.

It was the same in Canada where for decades CBC dictated the progressive sensibilities to a nation that not only accepted the dogma but paid for it. The appearance this week of their magenta-haired, Brooklyn-based president and CEO perfectly captured that bubble in the 2020s.

Even as Catherine Tait announced that the failing broadcaster was punting ten percent of its workforce, she sniffed when asked by her own National anchor Adrienne Arsenault if Tait and her fellow executives would forgo bonuses as others hit the sidewalk. No comment, replied Tait.

Back in the day when Don Cherry was a thing at @CBC a haughty snob like Tait could brag about the CBC’s inclusivity to justify the Corporation’s billion-dollar grants. “See! We have redneck losers on our channel! We’re diversified.” We wrote about this loss-leader funding strategy in our 2000 book The Meaning Of Puck.

But CBC lost the blue-collar demo when they canned Cherry in 2019 for comments about “you people”. The triumphalism of Cherry’s firing was like the Munchkins in Wizard of Oz celebrating the nasty death of The Wicked Witch. Freed from the bombastic Cherry the Corp was now free to lecture its viewers without interruption.

But that’s not quite how it worked out. Now when Tait and her Woke sensibilities show up it’s just a Brooklyn toff with a $5.4 million home pretending to understand Canada with her hand out. There’s no ornery guy left espousing Remembrance Day poppies and fighting in hockey to prove her Canadian bonafides.

It shows in the TV ratings for The National where audiences of two million are now in the low hundred-thousands (on a good night). Abandoned by traditional viewers uncomfortable with the NDP sensibilities of the news and current affairs departments, CBC has furiously sought to ensnare the younger demographics in its social media operation, (funded by starving its traditional services).

“@jkay Even in my left wing neighborhood, it’s hard to find anybody who watches the CBC. To the extent they still defend it, it’s the CBC they remember from 25 yrs ago, when Peter Gzowski was still around, instead of Carol Off hectoring us about how we’re all racists & garbage feminists.”

Good luck with that, especially if Pierre Poilievre wins a predicted crushing majority and acts on his stated goal of defenestrating the home of announcers who think the Truckers Convoy was a Putin plot. Again, Tait was at her most tone-deaf, calling Poilievre out publicly for his plans for the Corp.

She then doubled down on her gaffe, telling journalist Paul Wells— who’d been hand-selected for a media exclusive—“I understand that my remarks may have caused trouble for some of the journalists who have struggled to get access to this leader and others in the party, and I regret that, of course… Do I regret calling out the wrong of defunding the public broadcaster campaign? Absolutely not.”

She then reinforced her commitment to producing more of the hectoring, ESG/ Woke crap that no one wants already. While Tait seems oblivious to losing her sinecure as the commuter CEO, most of the employees remaining after this latest cut will be updating their resumés and escape tapes.

No one expects that Poilievre will completely gut the Corp. There’s talk of a buffet of current services— local radio, weather, children’s programming and especially social media— surviving.

But the days when the Corp— like Norman Lear— could force its politics on an inert population are done. Maybe Taylor Swift can write a sing about the CBC’s plight. Wait, she already did: “Is It Over Now?“.

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Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster, he’s a regular contributor to Sirius XM Canada Talks Ch. 167. Inexact Science: The Six Most Compelling Draft Years In NHL History, his new book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org . His 2004 book Money Players was voted sixth best on the same list, and is available via http://brucedowbigginbooks.ca/book-personalaccount.aspx

Bruce Dowbiggin

Rahm Gone: We Should LIV So Long

Published on December 5, 2023

Bruce Dowbiggin

Rahm, Rahm, Rahm, you’ve been gone so long, you’ve been gone, gone, gone so long. — Chilliwack (sorta’)

Anyone who says they understand what’s happening in golf world doesn’t understand the golf world. To understate the case, these are not the best of times for the Tiger Woods-dominated PGA Tour. First, Tiger is hardly playing, and he’s still the biggest asset they’ve got. Second, Greg Norman’s LIV Tour is hemorrhaging money but still has a fortune to lure Jon Rahm. Third, NBC punted announcer Paul Azinger for not putting talcum on the backsides of players before he criticized them.

Fourth? Well, consider the past nine months:

After swearing a blood oath to players that he would never make any deals with the renegade LIV golf operation, commissioner Jay Monahan then cut his biggest loyalist, Rory McIlroy, off at the knees in June by announcing he’d secretly concluded a merger deal with the Saudi Arabian Investment Fund that underwrites LIV. (A deal that’s yet to be finally consummated.)

The pampered U.S. darlings of Tiger’s Tour were then eviscerated in September’s Ryder Cup in Italy, an event defined by Patrick Cantlay refusing to wear a team hat. Depending on whom you consult it either tore apart the U.S. dressing room or was no big whoop. (Cantlay lost his Goldman Sachs sponsorship soon after)

McIlroy— who almost came to blows with caddie Joe LaCava during the Ryder Cup— later announced that he was removing himself from his role as a dominant voice on the Tour Players Council. He claimed fatigue and frustration over dividing his concentration from golf itself. Jordan Spieth was announced as a short-term, very reluctant replacement.

That was followed by news that Monahan was out as commissioner just as soon as he completes the negotiations with LIV for the anticipated merger. A likely replacement will need the approval of the oft-injured Woods whose TV star power still dominates the Tour’s television ratings.

However Tiger’s game-but-lame performance last week on one good leg at his own event The Hero Challenge meant that his long domination of the Tour is probably dead and buried. As much as GolfChannel tries to put a smiley face on Woods playing once a month, there is no one to fill the celebrity gap that he leaves.

Which brings us to the worst news for the Tiger Tour: Spaniard Jon Rahm, arguably the No.1 player of the Tour, is taking his act to the dreaded LIV Tour— perhaps as soon as this week. After fervently committing to the Tour earlier this year, Rahm has apparently tired of the Woods/ McIroy cabal that dominates the Tour. Stories have circulated how he’s been frozen out of the south Florida cliques that dominate the Tour.

If he can get some adjustments made to LIV’s format he’ll be paid a reported a staggering $600 M to join his countryman Sergio Garcia’s team at LIV. Remember that Rahm doesn’t need money. He’s got tons. So this move would solely be about pride and reputation.

Perennial grouchy Golfchannel analyst Brandel Chamblee finds it distasteful to do business with the sheiks. “If it were offered to me by the mafia, or in this case at the behest of MBS/Saudis, knowing the money was derived from corruption and used for the benefit of some very bad people, the decision would be very simple. There is a difference between value and values.”

Not that he will disappear into the discotheque world of Phil Mickelson and Greg Norman. Rahm could still qualify for all the Tour majors next year while wearing short pants the rest of the time. The absence of the mercurial Spaniard at the rest of the Tour’s top-level events will leave a huge gap on a charisma-challenged tour. Current No. 1 Scottie Scheffler is about as exciting as The Weather Channel.

While LIV is still an unwatched work in progress, powered by the vast wealth of SA, a Rahm signing shows that the sheiks have no signs of backing off their challenge to the comfy traditionalists of the Tour. As we see in Gaza, memories go back a long way in the Middle East, and slights aren’t forgotten easily.

Then came the news that the PGA and the R&A in Britain have finally announced that the juicing of golf balls will be stopped. Going forward balls used in competition will have five percent less distance, reducing the threat the supersonic balls pose to the traditional golf courses on Tour, which bombers have brought to their knees with driver/ wedge strategies.

This satisfies Woods, the Tour’s upper echelon and some golf-course architects. For the rest of humanity the decision to remove the most visceral thrill in the sport— knocking the daylights out of your driver—is less positive. Once again, Chamblee is leading the snark (although we agree with him this time). “I appreciate the governing bodies and what they mean to the game, but on the roll back issue they are not only out of touch with the game they govern, but the people that play it. It is a very small number of people that are in favour of a roll back…

“But take the fun out of the game ( FYI, long drives are fun), and demand falls. And, there is absolutely no reason to lengthen golf courses to challenge the best players. Lengthening golf courses is a knee jerk reaction that only makes the “problem” of distance gains worse.”

One small ray of sunshine for Canadians. The Tour has finally gotten the Canadian Open away from its slot the week before the U.S. Open. This year’s week-long celebration ion Nick Taylor’s 72-foot putt will go in the last week of May. Hopefully this will bring a better field. So we got that going for us.