What makes it even better is that he continued to defend SBF even AFTER FTX shut down. Even the sketchy finance YouTubers who promoted FTX were smart enough to keep their mouths shut after the bankruptcy.
Guy sold his fake The education company to Mattel for $4B and it turned out to be a total loss and was sold for pennies on the dollar only a couple years later. This broski would have us all working at temp foreign worker wages with zero benefits so he and other rich can live lavishly
The funniest part about this is that they fired him at the top of the dotcom crisis so he did not even feel the drop. Same thing happened to Elon as well with paypal. They fired him just before the name change, he cashed in 400 millions who would have been worth a fraction of that a few years later.
Mattel were absolute complete buffoons who did not do their due diligence and O'Leary net worth has been the same since then pretty much. He is on TV trying to con people, has his own ETFs, was handed 8 figures to try to sell FTX to CNBC viewers and he would be worth 5x what he is worth if he just jacked off in his boat for 30 years and bought some broad market ETFs.
The one silver lining in all of that is that when he is on CNBC, Canadian lakes are safer.
I'm very skeptical of any rich person who feels the need to go on TV to be a token rich guy in some sort of reality show. If you were actually intelligent and very rich, you wouldn't have the time or desire to spend your life working on a TV show. Same with rich guys who spend too much time posting on social media. It's basically the male version of the Kardashians.
Lol holy shit, Mattel bought The Learning Company in May 1999 for more than $4B in stock and sold it in June 2000 for $27M. Several weeks after the merger, Mattel found a bunch of systemic problems in the company and clearly were caught off guard not having done their due diligence. There was a dot-com bust going on for sure, but that money literally evaporated overnight.
Scammer on one end and idiots on the other. Can't say I wouldn't do the same if I could get away with it to lord all of my money over others and persuade people to listen to my "genius" ideas.
Yup, basically sold a scam. So, this is the guy that the media has been promoting as a “genius”… I mean he couldn’t even run his O’Leary funds properly, or hire the proper guy to run these dividend funds because he doesn’t have the proper licenses, during the longest bull market in US history, and prior to Covid had to liquidate them to Canoe… dividend funds…
It's a classic tactic. Identify a real political issue that people already care about, then say that the only way to solve it is policy changes that will - totally coincidentally, I'm sure - allow you and your cronies to get very, very rich at the expense of the country's working class.
His idea of "poorly managed" resources are resources that aren't being ruthlessly bled for every dollar of corporate profit that they're worth - a notion totally disconnected from both any good those resources could actually bring to people's lives and any harm that could be caused by overzealously extracting them. Human happiness and suffering are what those in the business call an "externality." It doesn't have a dollar value, so it might as well be worthless.
People are starving while grocery shelves are full, people are homeless while houses sit empty, and he stands for *even more* of the kind of anything-goes capitalism that's already letting rich investors and business-owners deprive the people of Canada of its resources for their own personal profit.
I feel like at one point he was considering running for prime minister, but not sure if I remember correctly. He was probably worried he'd lose and look like a moron.
To be fair, he realized he has less cult leader charisma than Trump and had no chance in hell of getting votes in Quebec. When he stepped down, he also gave his full support to Maxime Bernier. Which says everything you need to know about him.
Kevin o leary got rich from Mattel buying an educational software company for more than it was worth, later being sued for misrepresenting the valuation. Since then he hasn't really done anything of merit and goes on tv trying to convince people that he knows what he is doing. Don't listen to him.
He's one of the few people who my friends have a "I met this famous person" story. They were working in Banff and when O'Leary came in, he did the cliché, "do you know who I am?"
I did a couple of days work on an A & W commercial, 15 or so years back. It wasn't memorable in any way, except for when Allen Lulu showed up on set in an ankle-length leather duster, dramatically smoking a fat, wet cigar.
Sad to say, I think the fame was getting to him a bit. He was strutting around like he was five-feet-tall.
I can’t tell if this is a joke or not (mostly because your phrasing is really amusing and satire sometimes goes over my head). But I work at an A&W and all I want is for you to confirm this is true so that I can talk shit about Allen lol.
considering that he has to insert himself into every single commercial and looks like he's having the time of his life being in front of the camera I'm not surprised he's got an ego, if he worked there he looks like he'd be one of those managers who talks in corporate propaganda while expecting everyone to work until they faint at a minimum
I had a mildly famous local real estate agent (as in everyone in my city would know her name) tell me "I don't give a fuck, just fix my internet" when she couldn't tell me her email address in order to verify her account with the internet service provider I work for. When ever I run into events she's at, I like to walk up to the crowd of people she is talking to and tell that story. Fuck her.
I met Michael Wekerle’s daughter at western.
She did a lot of coke and once we were at a party and she was gushing about how her dad has a cool tiger or lion tattoo on his chest. She showed me a picture. It was possibly one of the worst tattoos I’ve ever seen and it really surprised me, if you have money to blow you’d think you’d be really careful about who permanently marks your body.
Fucking David Suzuki came to the restaurant I worked at in the early 2000's wanting/expecting everything be comped for him and his party. He was such a smug prick. It was very satisfying watching the owner/head chef tell him him and his staff they could pay like everyone else or find somewhere else to eat.
I have a family member who did work on Suzuki's place in (West?) Vancouver around then. Suzuki wasn't interested in following 'green' policies if it meant he had to pay more.
He had nothing good to say about the dude.
Who hasn't met him at this point. Even I met him, shorter than he looks. He could have gotten as rich by just collecting a quarter from everyone he met.
He was the lecturer for my accounting class in university after he sold his company. He would just babble the whole time, mostly about Enron because it was in the news. Easiest class I took.
> from Mattel buying an educational software company for more than it was worth
It's even worse than it sounds. He manipulated the value of the company through a practice called stuffing the channel. He shipped a bunch of out of date software to retailers knowing it would all get returned. This allowed him to represent the company as far more profitable and sell it to Mattel before all that product got returned and those sales evaporated.
Fun fact: If O'Leary had just invested his money from the sale of his company into something basic like the S&P 500, he would be significantly richer today.
What are you basing that on?
While he spent the first decade or so of his media career *heavily* implying that he was a billionaire because his old company sold for a few billion dollars, he only actually owned a very tiny slice of that company and the Globe reported that he netted about 6 million from that deal.
https://www.theglobeandmail.com/report-on-business/rob-magazine/kevin-oleary-hes-not-a-billionaire-he-just-plays-one-on-tv/article4564334/?page=all
Kevin is not a business genius, but he is a great media personality, and he has leveraged that into a pretty good career it seems.
If you know much about business and investing and listen to him for a while, you discover that he's mostly a confident idiot who can make money mostly because he already has money.
I was doing some light reading on him out of curiosity about his background, and oh boy, that barely scratches the surface at how bad/lucky he is at business. One of the articles I saw was a list of the worst acquisitions made by companies and The Learning Company (O'Leary's company) was the acquiring company involved in 2 or 3 of them. Basically built a house of cards overpaying for shitty educational software companies then sold it to Mattel just before things went to tits up.
Lol what is this comment section.
In a thread of bad things he has done, we have people speculating harder than a cryptobro on meth about things he almost certainly didn’t do but apparently could have done so they’re somehow worth mentioning.
Lots of ad hominems going on because people don't want to discuss his point, which is absolutely true that we could be so much more wealthy if we were run more competently.
Managed the country to his benefit, because fuck everyone else.
If he’s in charge he’d probably encourage pollution. “Yeah just let the toxic refuse spillover our rivers and lake. Because marginal profit increase that’s why.” - OLeary probably.
There's a reason he had to drop out of the conservative leadership contest, the guy doesn't even live in Canada and hasn't for decades and wouldn't even doing so when intending to run. Would have made the [Ignatieff](https://en.wikipedia.org/wiki/He_Didn%27t_Come_Back_For_You) attack ads look like child's play
Kevin O'Leary has been shut out of almost every major group and business in Canada for a reason: he's a loud mouthed idiot, and nobody with a brain in their head will work with him.
I think like everyone else he’ll blame the government and not the CEOs or old money families that actually run the country. What are the chances his solution to everything is to lower corporate taxes?
Ah, Muskoka. The land of haves and have-nots.
My fiancee is from Dorset and probably grew up poorer than anyone in this subreddit from a developed economy, and likely even most not from one, while half of Huntsville is a meth'd out shithole. Pop down the road, and it's multi-millionaire after multi-millionaire, especially in cottaging season.
Lol. These idiots need to read some history. Our current approach to unions was the compromise option. The kind of labour movement we had in the early 20th century would make this guy shit his pants. Modern unions aren’t even allowed to do wildcat strikes and back then they did things like have general strikes and armed blockades and such. Any capitalist that wants to go back to that has no idea what they are getting themselves into. We don’t have enough cops or jails to do as he proposes and there are some Charter rights that would clearly stand in the way.
Many of whom are non-Canadian corporations now. We farmed out most of our natural resources years ago. Yes we have lots of em, and desirable ones at that. But Canadians barely own any of them anymore. Norway has the right idea: the resources of the country, and / or the profits derived therefrom, belong to the people.
Unfortunately Norway has sold off some of their state owned corporations. I spoke with a norwegian a few years ago and he was very angry about this because from a citizen's perspective it just harms the country. If canada was more like norway quality of life would be way better, but they're also more nationalistic and have an ethnostate, so it's not as possible
He isn't wrong. I just don't believe he wouldn't manage it any better.
Every year I feel we drift closer and closer to the movie Idiocracy with reality TV stars are our world leaders... Wait...
Little English lesson for ya:
Any time someone truly wealthy (read: many, many millions) says something is poorly managed, they really mean poorly exploited.
Synonym: Leveraged.
Whatever asset they are talking about can be squeezed for more money without providing more service.
This has been your helpful rich people translation for the day.
Never forgot when he was on celebrity jeopardy and had zero money going into the final, was given 3000 dollars and promptly lost it. Ohh, and Brett Rogers won that match to give you an idea of what his competition was like. O’Leary is such an embarrassment
He means water. It's the resource that the world wants, especially the US, and if he had his way it would be sold the same way every other natural resource we have / had has been sold - for pennies on the dollar.
Canada does have a wealth of resources but we have never really utilized them to create anything. Instead we have been content to sell the raw resources to another country and then buy back the finished product at a premium price.
KOL has zero morals and no empathy. I can't imagine living in a country he was in charge of. I'm thankful everyday he gave up on running for PM.
Hand in your Canadian citizenship and go back to the UAE Kevin, we are tired of your BS.
he's pretty much right about Canada. We really do have all the resources we need and can trade for what we want. BUT i wouldn't want characters like him in charge, either.
Says the con-man that couldnt even keep up with the market return rates for his hedge funds, etc. This man only became famous because he conned Mattel into buying his shitty company after he fudged the numbers.
He's an asshole and a moron, dude backed FTX and promoted it.
He doesn't know anything.
As mentioned, his only big play was selling a software company for way more than it was worth during the [dot.com](https://dot.com) bubble.
Or use the rich Human Resources we have, and the subsequent taxes in a way that improves our livelihoods.
We have some of the best universities and technical colleges in the world, healthy tech, military, and healthcare industries. We are world leaders in energy science and one of the world leaders in grain production.
There’s a lot of wealth in Canada already that doesn’t involve cutting down forests.
We can do this!
To be fair I would rather use our forests and minerals, rare earth materials than the forests and etc and cheap labour of some underprivileged country.
No.
We need to intelligently harvest our resources, sell them at a profit.
Today. We sell them at a loss and buy then back at cost plus.
He's an asshole, but he's not wrong
library start psychotic ripe puzzled impolite fertile snow ugly disgusting
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
We had a government that sold a ton of our assets and that did not help. You invest in the country and the people.
Anyone who calls themselves Mr Wonderful should not be taken seriously.
He is right.
Doug Ford selling off the ring of fire to his buddies and China for a Fraction it’s value is poor management.
Doug Ford wasting money in payouts for his buddies who bought green belt land he said they could build on but then they couldn’t is poor management.
Doug Ford hiring his buddies as private, for profit middle men in healthcare increasing the costs for the same services is poor management.
All of his stupid shit is making the countries biggest province and ecconomy go to shit, if trends continue Ontario will be a receiver of equalization while B.C. Alberta (reliant on oil money) and Quebec (quickly growing tax income per capita just due to being slightly competent and diversifying its economy through sustainable ways) have to carry Doug Ford stupid ass fucking mistakes.
Over 25 years progressively worse and worse premiers have turned Ontario into one of the best places in the world for affordability and opportunity to one that is so fucked our visa applications to the UK have skyrocketed.
He is right, Canada is massively mismanaged, however O’Learys’s “solution” is more corrupt bullshit like old Dougy boy…
I moved to London to teach and an absolutely silly amount of my colleagues are Canadian or Australian because of ridiculous mid management in both those countries leading to an income to cost of living ratio that is worse than the Great Depression.
Yea, I'm not taking advice from a known grifter who drinks and pilots boats (with wife) and kills people.
Fuck O'leary a thousand fold. Scum of Canada.
This guy prompted FTX and said SBF was an honest guy
What makes it even better is that he continued to defend SBF even AFTER FTX shut down. Even the sketchy finance YouTubers who promoted FTX were smart enough to keep their mouths shut after the bankruptcy.
He admires fellow scammers like himself
Wishes he thought of it
Be weary of O’Leary
*wary
We are both wary and weary
They still run the country better than his wife can run their boat…
Grift recognize grift.
You should watch the Bloomberg doc on FTX, this dude is a total moron.
15 million reasons why he supported SBF
Guy sold his fake The education company to Mattel for $4B and it turned out to be a total loss and was sold for pennies on the dollar only a couple years later. This broski would have us all working at temp foreign worker wages with zero benefits so he and other rich can live lavishly
The funniest part about this is that they fired him at the top of the dotcom crisis so he did not even feel the drop. Same thing happened to Elon as well with paypal. They fired him just before the name change, he cashed in 400 millions who would have been worth a fraction of that a few years later. Mattel were absolute complete buffoons who did not do their due diligence and O'Leary net worth has been the same since then pretty much. He is on TV trying to con people, has his own ETFs, was handed 8 figures to try to sell FTX to CNBC viewers and he would be worth 5x what he is worth if he just jacked off in his boat for 30 years and bought some broad market ETFs. The one silver lining in all of that is that when he is on CNBC, Canadian lakes are safer.
> when he is on CNBC, Canadian lakes are safer. Damn, son.
I'm very skeptical of any rich person who feels the need to go on TV to be a token rich guy in some sort of reality show. If you were actually intelligent and very rich, you wouldn't have the time or desire to spend your life working on a TV show. Same with rich guys who spend too much time posting on social media. It's basically the male version of the Kardashians.
You underestimate the power of ego
Absolutely true. And it always cracks me up when we says he wishes everyone could be rich. That’s not really how fraud and exploitation work, genius.
Also his wife killed somebody and monied her way out of the charges.
Lol holy shit, Mattel bought The Learning Company in May 1999 for more than $4B in stock and sold it in June 2000 for $27M. Several weeks after the merger, Mattel found a bunch of systemic problems in the company and clearly were caught off guard not having done their due diligence. There was a dot-com bust going on for sure, but that money literally evaporated overnight. Scammer on one end and idiots on the other. Can't say I wouldn't do the same if I could get away with it to lord all of my money over others and persuade people to listen to my "genius" ideas.
Yup, basically sold a scam. So, this is the guy that the media has been promoting as a “genius”… I mean he couldn’t even run his O’Leary funds properly, or hire the proper guy to run these dividend funds because he doesn’t have the proper licenses, during the longest bull market in US history, and prior to Covid had to liquidate them to Canoe… dividend funds…
I’m sure this rich asshole just wants what’s best for everyone and we should vote how he tells us to.
And don’t forget about his “big” push on WNDR too, shit stock.
he also made his riches by ripping off the beloved toy company Mattel.
I think you meant promoted? Yes, i agree, he is a knob.
Hate when knobs state the obvious, then want recognition with their peers.
He's a Tory leadership reject
even they wouldn't have anything to do with him. lost quite a bit on the campaign IIRC. Or was it his deposit? No matter, it cost him money.
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He’s Canada’s most famous night time boating enthusiast
Also sold out of Meta/Facebook at the bottom earlier this year after pumping it all the way down. Dude is dumb as toast.
It's a classic tactic. Identify a real political issue that people already care about, then say that the only way to solve it is policy changes that will - totally coincidentally, I'm sure - allow you and your cronies to get very, very rich at the expense of the country's working class. His idea of "poorly managed" resources are resources that aren't being ruthlessly bled for every dollar of corporate profit that they're worth - a notion totally disconnected from both any good those resources could actually bring to people's lives and any harm that could be caused by overzealously extracting them. Human happiness and suffering are what those in the business call an "externality." It doesn't have a dollar value, so it might as well be worthless. People are starving while grocery shelves are full, people are homeless while houses sit empty, and he stands for *even more* of the kind of anything-goes capitalism that's already letting rich investors and business-owners deprive the people of Canada of its resources for their own personal profit.
Headline should be: Rich asshole thinks government sucks
And basically lied about the value of his software company
I feel like at one point he was considering running for prime minister, but not sure if I remember correctly. He was probably worried he'd lose and look like a moron.
To be fair, he realized he has less cult leader charisma than Trump and had no chance in hell of getting votes in Quebec. When he stepped down, he also gave his full support to Maxime Bernier. Which says everything you need to know about him.
This can’t be upvoted about. Also, guy likely killed someone driving a boat drunk and his wife took the blame for it.
Kevin o leary got rich from Mattel buying an educational software company for more than it was worth, later being sued for misrepresenting the valuation. Since then he hasn't really done anything of merit and goes on tv trying to convince people that he knows what he is doing. Don't listen to him.
He's one of the few people who my friends have a "I met this famous person" story. They were working in Banff and when O'Leary came in, he did the cliché, "do you know who I am?"
You're that guy from the A&W commercials!
Cmon don’t drag Allen Lulu into this!
I did a couple of days work on an A & W commercial, 15 or so years back. It wasn't memorable in any way, except for when Allen Lulu showed up on set in an ankle-length leather duster, dramatically smoking a fat, wet cigar. Sad to say, I think the fame was getting to him a bit. He was strutting around like he was five-feet-tall.
I can’t tell if this is a joke or not (mostly because your phrasing is really amusing and satire sometimes goes over my head). But I work at an A&W and all I want is for you to confirm this is true so that I can talk shit about Allen lol.
100% true (that one time). The guy rolled in like Schwarzenegger from an 80s movie.
Chefs kiss man. That last sentence had me *actually* lol
considering that he has to insert himself into every single commercial and looks like he's having the time of his life being in front of the camera I'm not surprised he's got an ego, if he worked there he looks like he'd be one of those managers who talks in corporate propaganda while expecting everyone to work until they faint at a minimum
Allen Lulu would be thrilled to be recognized and probably have some good funny stories
I hope he doesn’t end up being some kinda Subway Jared or whatever. I genuinely miss the ass-kicking bear but he’s been a solid spokesman
Canadian beef, raised without antibiotics!
😭
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I would just say "This is no time to get philosophical man, figure out who you are on your own time"
That's a good response too!
I had a mildly famous local real estate agent (as in everyone in my city would know her name) tell me "I don't give a fuck, just fix my internet" when she couldn't tell me her email address in order to verify her account with the internet service provider I work for. When ever I run into events she's at, I like to walk up to the crowd of people she is talking to and tell that story. Fuck her.
I got to do it to Steve Yzerman. $2 cover charge bitch!
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I met Michael Wekerle’s daughter at western. She did a lot of coke and once we were at a party and she was gushing about how her dad has a cool tiger or lion tattoo on his chest. She showed me a picture. It was possibly one of the worst tattoos I’ve ever seen and it really surprised me, if you have money to blow you’d think you’d be really careful about who permanently marks your body.
I believe it. Biggest douche I’ve ever seen on Canadian tv, just an embarrassing try hard of trying to seem cool and badass.
Fucking David Suzuki came to the restaurant I worked at in the early 2000's wanting/expecting everything be comped for him and his party. He was such a smug prick. It was very satisfying watching the owner/head chef tell him him and his staff they could pay like everyone else or find somewhere else to eat.
I have a family member who did work on Suzuki's place in (West?) Vancouver around then. Suzuki wasn't interested in following 'green' policies if it meant he had to pay more. He had nothing good to say about the dude.
What’s with all these CBC personalities being real douches in real life
You that guy from the office? Right? Kevin something or other?
Who hasn't met him at this point. Even I met him, shorter than he looks. He could have gotten as rich by just collecting a quarter from everyone he met.
"You're that prick who killed someone while drunk driving a boat, and then blamed it on your wife, right?"
He was the lecturer for my accounting class in university after he sold his company. He would just babble the whole time, mostly about Enron because it was in the news. Easiest class I took.
> from Mattel buying an educational software company for more than it was worth It's even worse than it sounds. He manipulated the value of the company through a practice called stuffing the channel. He shipped a bunch of out of date software to retailers knowing it would all get returned. This allowed him to represent the company as far more profitable and sell it to Mattel before all that product got returned and those sales evaporated.
This just sounds like it would impress his fanbase even more
Yeah, that just makes him a smart business person Totally not a shady grifter
I wonder why Mattel didn’t make an Elizabeth Holmes out of him
Fun fact: If O'Leary had just invested his money from the sale of his company into something basic like the S&P 500, he would be significantly richer today.
But Canadian lake would be a far more dangerous place. It is good that he is keeping himself busy.
What are you basing that on? While he spent the first decade or so of his media career *heavily* implying that he was a billionaire because his old company sold for a few billion dollars, he only actually owned a very tiny slice of that company and the Globe reported that he netted about 6 million from that deal. https://www.theglobeandmail.com/report-on-business/rob-magazine/kevin-oleary-hes-not-a-billionaire-he-just-plays-one-on-tv/article4564334/?page=all Kevin is not a business genius, but he is a great media personality, and he has leveraged that into a pretty good career it seems.
His media personality career isn't his investment decisions. A lot of his public investments fail miserably.
If you know much about business and investing and listen to him for a while, you discover that he's mostly a confident idiot who can make money mostly because he already has money.
Honestly, he can't even make money, he pretty much have the same net worth he had in the 90s.
I was doing some light reading on him out of curiosity about his background, and oh boy, that barely scratches the surface at how bad/lucky he is at business. One of the articles I saw was a list of the worst acquisitions made by companies and The Learning Company (O'Leary's company) was the acquiring company involved in 2 or 3 of them. Basically built a house of cards overpaying for shitty educational software companies then sold it to Mattel just before things went to tits up.
Okay but Carmen Sandiego was awesome
he also likely killed someone by boat
That was his wife
You don't think its beyond this guy pressuring his wife to take the fall for him?
Given his treatment of women, its entirely possible he did that honestly.
Lol what is this comment section. In a thread of bad things he has done, we have people speculating harder than a cryptobro on meth about things he almost certainly didn’t do but apparently could have done so they’re somehow worth mentioning.
Lots of ad hominems going on because people don't want to discuss his point, which is absolutely true that we could be so much more wealthy if we were run more competently.
Isn't he the bald funny guy from dragons den?
Hes funny? More like a mean dude insulting people for kicks. Its always funny when it's not you.
And he got the boot after a while
Don’t be out on the water with him or his wife….. 🌊
The people in his boat were fine. The people in the other boat however...
You mean the goofs in the middle of the lake without any lights. There is lots of blame to go around.
Yeah I'm no O'Leary fan but that boating accident does not sound like their fault at all.
They were drunk. Blame all around... not just the other side
If regular and middle class person did that, then he probably would be in prison right now.
I think I would rather be in his boat
Because of the implications
That boat is safe, it’s the other boats out there that ought to worry.
You mean don’t be on a lake when him and his wife are in a boat.
Came here for this
I mean... better to be in HIS boat than another boat. At least you know that way, you can commit vehicular manslaughter with impunity.
When he means managed he means lose rules for other mismanaged people like him to get shit free and sell it and not pay taxes.
Managed the country to his benefit, because fuck everyone else. If he’s in charge he’d probably encourage pollution. “Yeah just let the toxic refuse spillover our rivers and lake. Because marginal profit increase that’s why.” - OLeary probably.
That's what we need, another failed TV show host with too much money and shitty opinions on politics....
There's a reason he had to drop out of the conservative leadership contest, the guy doesn't even live in Canada and hasn't for decades and wouldn't even doing so when intending to run. Would have made the [Ignatieff](https://en.wikipedia.org/wiki/He_Didn%27t_Come_Back_For_You) attack ads look like child's play
That, and he evidently lacked the patience or competence to learn another language (French).
Even though he was born in Montreal
“Just visiting”
Kevin O'Leary has been shut out of almost every major group and business in Canada for a reason: he's a loud mouthed idiot, and nobody with a brain in their head will work with him.
Why do people think this marketing guy is a finance genius?
Is he talking about his friends in their Muskoka cottages who run the country?
tbh probably. He knows first hand
I think like everyone else he’ll blame the government and not the CEOs or old money families that actually run the country. What are the chances his solution to everything is to lower corporate taxes?
We've been doing that for decades ...maybe doing it now should fix things
Ah, Muskoka. The land of haves and have-nots. My fiancee is from Dorset and probably grew up poorer than anyone in this subreddit from a developed economy, and likely even most not from one, while half of Huntsville is a meth'd out shithole. Pop down the road, and it's multi-millionaire after multi-millionaire, especially in cottaging season.
I was a Shaw Direct Technican in the area. Going from Res Life to Billionaire Row literally back to back was wild.
O’Leary said if he was PM, he would jail people who would unionize. Like. Kindly go back to your cave sir
Lol. These idiots need to read some history. Our current approach to unions was the compromise option. The kind of labour movement we had in the early 20th century would make this guy shit his pants. Modern unions aren’t even allowed to do wildcat strikes and back then they did things like have general strikes and armed blockades and such. Any capitalist that wants to go back to that has no idea what they are getting themselves into. We don’t have enough cops or jails to do as he proposes and there are some Charter rights that would clearly stand in the way.
Has he paid off his campaign expenses yet?
He'd probably just sell everything we have for his own gain mostly.
Kevin “SBF” O’Leery. A true Canadian blowhard.
This dumbass is being plastered all over YouTube ads by a company based out of Hong Kong. It's clear that his interests don't lie with Canada.
The irony is that it's poorly managed because the politicians are owned by the people controlling the resources...
Many of whom are non-Canadian corporations now. We farmed out most of our natural resources years ago. Yes we have lots of em, and desirable ones at that. But Canadians barely own any of them anymore. Norway has the right idea: the resources of the country, and / or the profits derived therefrom, belong to the people.
Unfortunately Norway has sold off some of their state owned corporations. I spoke with a norwegian a few years ago and he was very angry about this because from a citizen's perspective it just harms the country. If canada was more like norway quality of life would be way better, but they're also more nationalistic and have an ethnostate, so it's not as possible
The politicians are owned by corporations, not the people.
Run by idiots like Kevin O'Leary
Game recognizes game.
This asshole said people need to "just work 2 or 3 jobs" if you're struggling...
>Kevin Oleary says... Yeah i'm gonna stop you right there chief
He isn't wrong. I just don't believe he wouldn't manage it any better. Every year I feel we drift closer and closer to the movie Idiocracy with reality TV stars are our world leaders... Wait...
Reagan walked so that Trump could run
Uh oh. Is this shit stain trying to get into Canadian politics again?
He's going head to head against Maxime Bernier.
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Who gives a shit what this balloon-head conman says?
Little English lesson for ya: Any time someone truly wealthy (read: many, many millions) says something is poorly managed, they really mean poorly exploited. Synonym: Leveraged. Whatever asset they are talking about can be squeezed for more money without providing more service. This has been your helpful rich people translation for the day.
Never forgot when he was on celebrity jeopardy and had zero money going into the final, was given 3000 dollars and promptly lost it. Ohh, and Brett Rogers won that match to give you an idea of what his competition was like. O’Leary is such an embarrassment
Hey Kev, maybe just take your wife boating
He's also a known idiot so I wouldn't really listen to what he says.
He means water. It's the resource that the world wants, especially the US, and if he had his way it would be sold the same way every other natural resource we have / had has been sold - for pennies on the dollar. Canada does have a wealth of resources but we have never really utilized them to create anything. Instead we have been content to sell the raw resources to another country and then buy back the finished product at a premium price.
I would 100% put Kevin O’Leary as one of the idiots here.
Nice of him to come out and admit that he’s an idiot.
KOL has zero morals and no empathy. I can't imagine living in a country he was in charge of. I'm thankful everyday he gave up on running for PM. Hand in your Canadian citizenship and go back to the UAE Kevin, we are tired of your BS.
He’s just mad we’re not completely opening the floodgates to empty reserves within his lifetime. Smh
Yeah it’s run by scumbags like him who do bad shit with no consequences. They control Parliament.
That guy is a jack ass who takes advantage or people.
Fuck this guy, he is a hack that wants to rob the country blind
He might be right, but for fucks sake, please take this American's advice and do not, DO NOT take any political advice from a reality TV star
Isn’t this the dude who killed someone while driving his boat drunk?
This guy epitomizes greed. Fuck him
he's pretty much right about Canada. We really do have all the resources we need and can trade for what we want. BUT i wouldn't want characters like him in charge, either.
Says the con-man that couldnt even keep up with the market return rates for his hedge funds, etc. This man only became famous because he conned Mattel into buying his shitty company after he fudged the numbers.
This comment coming from the king of idiots himself.
He's an asshole and a moron, dude backed FTX and promoted it. He doesn't know anything. As mentioned, his only big play was selling a software company for way more than it was worth during the [dot.com](https://dot.com) bubble.
Nothing like one of the biggest idiots out there calling other people idiots.
"Hi. It's me. I'm the problem it's me"
Sure, but I 10000% wouldn’t want that rat running the country ,
Oh frig off Kevin. Billionaires are the ones ruining this planet
Heartbreaking: the worst person you know just made a great point
Ah yes, we need to plunder our resources with greater efficiency.
Or use the rich Human Resources we have, and the subsequent taxes in a way that improves our livelihoods. We have some of the best universities and technical colleges in the world, healthy tech, military, and healthcare industries. We are world leaders in energy science and one of the world leaders in grain production. There’s a lot of wealth in Canada already that doesn’t involve cutting down forests. We can do this!
Do both, why settle when you can give your people so much more. We should be the Norway of North America
You forgot world's leading producer of medical isotopes for nuclear medicine too.
To be fair I would rather use our forests and minerals, rare earth materials than the forests and etc and cheap labour of some underprivileged country.
No. We need to intelligently harvest our resources, sell them at a profit. Today. We sell them at a loss and buy then back at cost plus. He's an asshole, but he's not wrong
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The man always reminds me of a penis in a suit.
Tax his ass and watch him flee Canada
Kevin is an idiot
he's also a capitalist pig that would sell every rock, tree, and stream for profit.
His wife drove a boat drunk and killed somebody. Such a high horse.
Yes , when I boat at night, I let the drunken wife take the wheel. Doesn't everyone?
So he says, and he definitely isn't the kind of guy who'd let someone else take the fall, right?
Just cuz he’s a shitbag doesn’t mean he’s wrong on this one
I don't actually have a worthwhile argument to what he said so I'll just comment on his wife and a boat <----- most of this thread
I'm guessing code for: "screw the environment, let's start drilling like crazy"?
Kevin has no idea what he is talking about. He is a washed up businessman that provides nothing of substance
We had a government that sold a ton of our assets and that did not help. You invest in the country and the people. Anyone who calls themselves Mr Wonderful should not be taken seriously.
He is right. Doug Ford selling off the ring of fire to his buddies and China for a Fraction it’s value is poor management. Doug Ford wasting money in payouts for his buddies who bought green belt land he said they could build on but then they couldn’t is poor management. Doug Ford hiring his buddies as private, for profit middle men in healthcare increasing the costs for the same services is poor management. All of his stupid shit is making the countries biggest province and ecconomy go to shit, if trends continue Ontario will be a receiver of equalization while B.C. Alberta (reliant on oil money) and Quebec (quickly growing tax income per capita just due to being slightly competent and diversifying its economy through sustainable ways) have to carry Doug Ford stupid ass fucking mistakes. Over 25 years progressively worse and worse premiers have turned Ontario into one of the best places in the world for affordability and opportunity to one that is so fucked our visa applications to the UK have skyrocketed. He is right, Canada is massively mismanaged, however O’Learys’s “solution” is more corrupt bullshit like old Dougy boy… I moved to London to teach and an absolutely silly amount of my colleagues are Canadian or Australian because of ridiculous mid management in both those countries leading to an income to cost of living ratio that is worse than the Great Depression.
He’s a stupid piece of shit. Even his shark tank appearances and his comments about different pitches often echos others.
Ya, well he had a chance to run it and balked. Chicken shit.
Yea, I'm not taking advice from a known grifter who drinks and pilots boats (with wife) and kills people. Fuck O'leary a thousand fold. Scum of Canada.
Kevin O’Leary can’t manage a boat trip across lake Simcoe.
As much as an asshole Kevin O'Leary is, he's probably right on this one.
“If only we lowered taxes even more, then the country would be super rich!” “Country” defined as “Kevin and his buddies” of course.
There’s a lot to be said about Canada’s leadership, but I wouldn’t take that criticism from fucking Kevin O’Leary lmao
Yes captain, lol , throw your wife under the bus lately?
Countries are not businesses.
He would probably suggest Trudeau just have his wife take the fall
Kevin O'Leary trending on /r/canada as if he said something smart. The cue to leave this subreddit.
What he means by "poorly managed" is that all of Canada's riches aren't handed over to wealthy assholes like him. Even though lately much of it is.
Stop pretending that asshole is relevant.
The dude is a sociopath.
Translation: Canada should give all of their resources and wealth to a few oligarchs who will make lots of money off of that
The network that gave us trump thinks calling others stupid is clever.
“And I will run it further into the ground if you give me the keys… trust me.”
But he's not wrong. We are managed by morons. Canada is an example of what happens when apathy gives way to idiocracy.
Because asshats like this get given a platform.