The tiny proportion of earners who’ll be affected by the increase in the capital gains inclusion don’t care about you. Anyone saying the increase will hurt investment proves my point. These guys won’t pay a few cents more on the dollar to help the 99 percent? They hate you!
I don’t know how else to frame it. We can’t afford housing. Healthcare is collapsing. Climate change is going to decimate us. And multi-millionaires and billionaires earning passive income — more than they could ever spend in many lifetimes — demand preferential tax treatment!
These guys want to pay less per dollar in taxes than the workers whose backs break to make them rich! Less than essential workers who make all we do together possible. It’s obscene!
@David_Moscrop Wow. What a misread of who these tax changes are going to affect and what they mean for business and capital formation. And thus employment.
@David_Moscrop Individuals who are part of the middle class who purchase an investment property to act as their pension are not part of the 0.1%.
@David_Moscrop It's a tax on after tax dollars. Even as is, it should be scrapped not increased.
@David_Moscrop I have a novel idea for you: cut government spending. Cut government jobs. Impose tariffs to stimulate local manufacturing. Instead we’re over taxing, printing bailouts which inflating assets and growing bureaucracies to mismanage services.
@David_Moscrop Highly recommend you move to Cuba. It’s exactly what you’re looking for. Government will provide you with everything: free healthcare, free education, guaranteed employment, food rations. Everybody is equal.
@David_Moscrop Indeed, it is David. Moreover, the fact that those making less than 30k pay top tax costs, whereas the 1% pay next to nothing. It's greed over need .
@David_Moscrop The guy i responded to here is a case in point. He deleted his post and blocked me.
@David_Moscrop Already have the biggest public sector, deficits & debt in Canadian history! Maybe the problem is NOT the lack of spending but those doing the spending! Zero accountability in government! The bigger they fail the more money they get! Talk about being wrongly incentivized!