Tag Archives: cash

Is this new Wealthsimple app Canada’s answer to Venmo?

Americans might find it unbelievable, but here in Canada we don’t have Venmo. We have other means of transferring cash digitally, but none of them are great, in my humble opinion. I’ve longed for something better.

Perhaps others have too because Wealthsimple has come out with an app, now in beta, that reminds me of what Venmo does. You can read about it here. It looks promising. I will definitely be looking at this over the year to come. I imagine the big Canadian banks will as well.

On US Politics, Money, and the recent election

Money
American politics is about many things. One of the main things it is about is money.  For a while it was believed that after the “Citizen United” case, the flood of money  would almost guarantee whoever had the most money would win.  Now it’s not just about what money can do, but what it cannot do.

As some states like Maine and South Carolina showed, vastly outspending the incumbent will not guarantee election: The Democrats Went All Out Against Susan Collins. Rural Maine Grimaced. – The New York Times. That’s not to say money is irrelevant. It’s just that it has limits. It’s no longer enough to bombard people with ads bought with all that money. You need to spend smarter. I am not sure if anyone in the US has that figured out.

Speaking of money, this article by Jamelle Bouie highlights the importance of money especially when it comes to low information voters: Opinion | A Simple Theory of Why Trump Did Well – The New York Times. High information voters might scoff at “Donnie Dollars” (cheques issued by the government with Trump’s name on them). But I agree with Bouie: things like that make a difference with many voters. People might not closely weigh one politician’s promises versus another, but they all remember the jobs and services and other benefits that the incumbents brought their way.

(Photo by Matthew Lancaster on Unsplash)