John Ruffolo @ruffoloj
Founder & Managing Partner, Maverix Private Equity / Founder, OMERS Ventures / Co-Founder, Council of Canadian Innovators. Love entrepreneurship & innovation. maverixpe.com Toronto, Canada Joined March 2011-
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Look at these charts folks. Bottom for productivity and highest for taxation at $150,000 income level (average home price in Canada requires minimum $200,000 income!). This is your Canada, comrade. h/t @KirkLubimov
Brilliant. “I’m sorry that food costs money': Inside the imagined thoughts of Loblaws nationalpost.com/news/satire-de… via @nationalpost @TristinHopper
What we’re reading this weekend: Unintended consequences of capital gains tax increase will cost us all, by @ruffoloj in @globeandmail theglobeandmail.com/business/comme…
The latest from the Globe's business commentary, by John Ruffolo: Unintended consequences of capital gains tax increase will cost us all tgam.ca/3JNZWzC
@ruffoloj suggests that “the driving message coming out of this budget is that the government is hiking taxes and going after those risk-takers who want to scale up a great idea or innovative concept, then we’ll all be poorer for it.” theglobeandmail.com/business/comme…
Opinion: Unintended consequences of capital gains tax increase will cost us all /via @globeandmail theglobeandmail.com/business/comme…
Who says the rich don’t pay their fair share of taxes? theglobeandmail.com/business/comme…
Some powerful quotes from CFIB members on the capital gains tax change: "The year before I retire, they decide to increase my taxes retroactive to the beginning of time? I cannot afford a 13.5% decrease in my retirement fund. Imagine if we did this to government pensions!"
I can’t believe I have to explain what’s happening here, but here goes. Elite students of Ivy League schools have glamorized oppression so much that they have now reached role play status to satisfy their fantasies. Here, the students have appropriated the suffering of Gazans and…
My @TorontoStar column for tomorrow is already online: “How Freeland's capital gains tax changes will harm Canada's economic future” thestar.com/opinion/star-c… #cdnpoli #budget2024
And here I thought we wanted to own the podium.
Just wow. So good.
Join us on Friday, May 3 at 1:00PM ET for a special Tech Sector Pulse Check, featuring conversations with Stephany Lapierre (@tealbook), Daniel Eberhard (@GetKoho), and Rebecca Kacaba (@Dealmakertech). RSVP here: airtable.com/appm5DPG07cpRX…
Canada is made of innovators and builders. We reward those who create the future at great personal risk. A small minority of political elites are trying to vilify risk takers for political gain. They will fail. Canada will reassert it's core values soon. archive.ph/2024.04.27-102…
Is this what it looks like when highly-paid accelerator bureaucrats put their own financial interests first? RT @SeanSilcoff Communitech, MaRS, won’t join other innovation groups in pushing Ottawa to stop capital-gains hike /via @globeandmail theglobeandmail.com/business/artic… #cdnpoli…
49% of Canadians had a negative view of the budget 21% had a positive view of it Leger / April 21, 2024 / n=1522 / Online
23% of those who make less than $50,000 say the new capital gains tax change will affect them
Maverix's John Ruffolo warned that the capital gains tax hike from the budget will cause capital flight from Canada and will be detrimental to productivity. "Mark my words... we're going to see an outflow of angel capital for sure." More in @business: bloomberg.com/news/articles/…
‘It’s chaos:’ Cottage owners rush to sell ahead of capital gains tax changes, realtors say theglobeandmail.com/business/artic…
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Happy greek vegetarian day for all those who celebrate
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Look at these charts folks. Bottom for productivity and highest for taxation at $150,000 income level (average home price in Canada requires minimum $200,000 income!). This is your Canada, comrade. h/t @KirkLubimov
@ruffoloj @nationalpost @TristinHopper As you know, I am a New Democrat...and I think the anti-Loblaws campaign is wrong, pointless, and electorally unlikely to benefit the party.
🤢🤮
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Check out @ruffoloj article: Unintended consequences of capital gains tax increase will cost us all Whatever you think about wealth inequality, the fact is that bad economic policy hits everyone. theglobeandmail.com/business/comme…
@JanetBa33994362 @globeandmail And programs should help the needy, not just endlessly shuffle money around a huge and voracious bureaucracy to buy favor.
What we’re reading this weekend: Unintended consequences of capital gains tax increase will cost us all, by @ruffoloj in @globeandmail theglobeandmail.com/business/comme…
Thanks @ruffoloj for your oped - the unintended consequences of capital gains tax increase are already hitting the Canadian tech ecosystem @globebusiness #investments #venturecapital #cdntech theglobeandmail.com/business/comme…
The latest from the Globe's business commentary, by John Ruffolo: Unintended consequences of capital gains tax increase will cost us all tgam.ca/3JNZWzC
Great post by @ruffoloj
Opinion: Unintended consequences of capital gains tax increase will cost us all /via @globeandmail theglobeandmail.com/business/comme…
@SeanSilcoff @globeandmail Absolutely. I am hearing from business owners that one of the problems will be the cost of attracting talent. Who will work for equity when the end payoff is so far below the USA? Just head to Boston or Silicon Valley instead.
@ruffoloj suggests that “the driving message coming out of this budget is that the government is hiking taxes and going after those risk-takers who want to scale up a great idea or innovative concept, then we’ll all be poorer for it.” theglobeandmail.com/business/comme…
"Increasing taxes on capital decreases availability of capital. Period... Increasing taxes increases the cost of capital thereby also making alternative investments more attractive whether by asset class or geography."
@cbcwatcher @ruffoloj Higher taxes could impede innovation and economic growth. Encouraging entrepreneurship is crucial. #InnovationFirst
Opinion: Unintended consequences of capital gains tax increase will cost us all /via @globeandmail theglobeandmail.com/business/comme…
"And if the driving message coming out of this budget is that the government is hiking taxes and going after those risk-takers who want to scale up a great idea or innovative concept, then we’ll all be poorer for it" @ruffoloj theglobeandmail.com/business/comme…
Who says the rich don’t pay their fair share of taxes? theglobeandmail.com/business/comme…
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