Canadians want a wealth tax and are willing to vote for it

[JohnLarue]

That is precisely the reason the geese that lay golden eggs are extinct.

because the left ate them and then complained there is no more golden eggs

 

[JohnLarue]

The comfort of the rich depends on an ample supply of the poor

There has been rich and poor throughout people kind man kinds history
since word go
it is part of human nature

some people can create wealth , others not so much

what is bewildering is you think you can actual fix this ie correct human nature
what is alarming is you think you can steal from others to try

 

[toguy5252]

Lefties will always find ways to kill the goose that laid the golden egg.

It is ultimately the lefties who will save capitalism.

 

[Valcazar]

There has also been rape, murder and war throughout history.
I guess that means you're ok with all of that as well.

As long as it is by the "strong" against the "weak", I would expect.

 

[JohnLarue]

It is ultimately the lefties who will save capitalism.

by stealing other peoples property and calling it a wealth tax ?
Not a chance

 

[danmand]

by stealing other peoples property and calling it a wealth tax ?

I believe this post adequately describes you view of society: Taxation is stealing money by the poor.

Have you tried to call the police and arrest CRA?

 

[Anbarandy]

There has been rich and poor throughout people kind man kinds history
since word go
it is part of human nature

some people can create wealth , others not so much

what is bewildering is you think you can actual fix this ie correct human nature
what is alarming is you think you can steal from others to try

This is human nature today:

Canadians want a wealth tax and are willing to vote for it

A majority of Canadians believe wealth inequality should be tackled by increasing taxes on the wealthy and large corporations and even said it could influence their vote, according to a new poll.

www.nationalobserver.com

"A majority of Canadians believe wealth inequality should be tackled by increasing taxes on the wealthy and large corporations and even said it could influence their vote, according to a new poll.

The Abacus Data poll, released Wednesday morning, was focused on tax fairness in Canada, including the NDP’s proposed one per cent tax on wealth over $20 million from its 2019 election platform. It was commissioned by the Broadbent Institute and the Professional Institute of the Public Service of Canada (PIPSC), and surveyed 1,500 Canadians aged 18 and older from July 13 to 19.

The poll found 89 per cent of Canadians want to see a wealth tax of one per cent paid by the wealthiest Canadians as part of Canada’s pandemic recovery, with 92 per cent in support of closing tax loopholes and making it harder for corporations to strategically book profits in tax havens."


Is it possible that you are one messed up individual who actually believes that 90% of Canadians are "thieves" who want to "steal" from the "hard working 1%ers", when the polar opposite has actually been the reality for the last 40 plus years?

 

[JohnLarue]

I believe this post adequately describes you view of society: Taxation is stealing money by the poor.

Have you tried to call the police and arrest CRA?

you have failed to describe my view

taxes are accessed on income , not wealth
that is why it is called the Income Tax Act

Have you tried to call your university / college to get a refund?

btw , the Income Tax Act was originally sold to Canadians as a temporary act

 

[danmand]

you have failed to describe my view

taxes are accessed on income , not wealth
that is why it is called the Income Tax Act

Have you tried to call your university / college to get a refund?

btw , the Income Tax Act was originally sold to Canadians as a temporary act

Dear genius,

Taxes have many forms:

Income tax

Value Added Tax

Sales tax

Property tax

Health surcharge tax

Climate action incentive tax.

Tire recycling tax

 

[JohnLarue]

This is human nature today:

Canadians want a wealth tax and are willing to vote for it

A majority of Canadians believe wealth inequality should be tackled by increasing taxes on the wealthy and large corporations and even said it could influence their vote, according to a new poll.

www.nationalobserver.com

"A majority of Canadians believe wealth inequality should be tackled by increasing taxes on the wealthy and large corporations and even said it could influence their vote, according to a new poll.

The Abacus Data poll, released Wednesday morning, was focused on tax fairness in Canada, including the NDP’s proposed one per cent tax on wealth over $20 million from its 2019 election platform. It was commissioned by the Broadbent Institute and the Professional Institute of the Public Service of Canada (PIPSC), and surveyed 1,500 Canadians aged 18 and older from July 13 to 19.

The poll found 89 per cent of Canadians want to see a wealth tax of one per cent paid by the wealthiest Canadians as part of Canada’s pandemic recovery, with 92 per cent in support of closing tax loopholes and making it harder for corporations to strategically book profits in tax havens."


Is it possible that you are one messed up individual who actually believes that 90% of Canadians are "thieves" who want to "steal" from the "hard working 1%ers", when the polar opposite has actually been the reality for the last 40 plus years?

are you really that slow that you think a poll provided by a loonie left wing website represents human nature ?
there is a reason the NDP perpetually finish third in a three horse race

The founder describes the organization as having a "progressive voice"

I’m Linda Solomon Wood. I’m Chief Executive Officer of Observer Media Group, a Canada-based new media company with a progressive voice.

Progressive is code for irrational and financialy irresponsible

are you really that slow that you think a poll provided by a loonie left wing website represents Canadians ?
let alone 90% ???? seriously are you the one person who actually believes that 90% value

why not go for 97%. that is the loonie lefts favorite propaganda number for polls

are you really that slow that you think nobody would question this poll?

There has been rich and poor throughout people kind man kinds history
since word go
it is part of human nature

some people can create wealth , others not so much

what is bewildering is you think you can actual fix this ie correct human nature
what is alarming is you think you can steal from others to try

 

[JohnLarue]

Dear genius,

Taxes have many forms:

Income tax

Value Added Tax

Property tax

Health surcharge tax

Climate action incentive tax.

Tire recycling tax

but not wealth tax

your list should be your fist clue that Canadians are taxed too much
Again get rid of the government waste before asking for more

 

[Darts]

"The Abacus Data poll, released Wednesday morning, was focused on tax fairness in Canada, including the NDP’s proposed one per cent tax on wealth over $20 million"

Let's talk dollars and cents. So, how much money will this produced compared to a 1% income tax increase across the board?

 

[JohnLarue]

This is a relevant (opinion) article appearing today in the Financial Post
It is written by an economist

(we use to have an economist running a sound ship. He was replaced by a moron dram teacher and now we have a foundering ship)


Opinion: Higher taxes won't solve our fiscal problems (msn.com)

Two of our most pressing concerns are Canada’s crippling debt and sky-high deficits. As the Parliamentary Budget Officer (PBO) recently noted , we are currently on track for 70 more years of deficits. How can today’s politicians avert such a debilitating scenario?

While some of our best minds have been pondering this matter, one discredited solution keeps rearing its head: the wealth tax. Two weeks ago, the PBO released yet another estimate of how much such a tax could levy. In this latest exercise, the focus was on Canadian families deemed to possess “extreme wealth,” that is, net wealth in excess of $10 million.

In fact, the PBO’s most realistic scenario suggests that $60.7 billion could be collected from 68,000 families. How far would this take us towards paying for pandemic-related measures and reconciliation with First Nations? Not far at all. It amounts to only a fraction of the $300 billion in pandemic-related measures, and even less if we add in the $100 billion “stimulus package.”

Those who support the idea of a one-time wealth tax also believe such a measure could partly address concerns regarding “rising extreme wealth inequality and generational fairness.” But much of what they propose to spend that money on — such as climate change and the cost of past COVID measures — would do little to improve living standards at the bottom of the income distribution or make it easier for people to climb up the income ladder. It would be akin to losing weight by lopping off body parts: it achieves a numerical objective but is counterproductive for the underlying goal.

In fact, the savings of the rich are very active and ultimately get reinvested in the economy through new business ventures or in the modernization of factories. With a new wealth tax, however, Canadian-owned businesses may be pressured to sell to foreign investors in order to generate the liquidity needed to pay the tax. The Canadian economy should not have to shoulder the burden of losing out on the investments of its wealthiest families, which fuel long-term projects, risk-taking entrepreneurship, job creation, and the development of unexploited potential.

Instead of grasping at new ways of increasing revenues, the government should invest its energy and creativity in finding ways to control spending. Future generations of Canadians will be grateful if today’s generation goes back to requiring politicians to be fiscally responsible.

 

[jcpro]

This is a relevant (opinion) article appearing today in the Financial Post
It is written by an economist

(we use to have an economist running a sound ship. He was replaced by a moron dram teacher and now we have a foundering ship)


Opinion: Higher taxes won't solve our fiscal problems (msn.com)

ROTFLMFAO!!!! Fiscal responsibility???!! But, but money is plentiful, available and cheap to borrow. Why worry about bankrupting one of the top countries in the world? We have an election to buy!

 

[Darts]

No country has ever taxed nor printed money to prosperity. The only route to prosperity is productivity.

 

[nottyboi]

They should tax all capital gains more then 10K as income for the year of the pandemic.

"The Abacus Data poll, released Wednesday morning, was focused on tax fairness in Canada, including the NDP’s proposed one per cent tax on wealth over $20 million"

Let's talk dollars and cents. So, how much money will this produced compared to a 1% income tax increase across the board?

Anyone worth 20m will pay 200K surtax. The Thompsons $390M. lol

 

[rogerdodger]

I would argue that it's just wealth redistribution.

If you want to really reduce inequality, you need to come up with a way to motivate or encourage the work shy individuals in our society to be successful and productive and earn a decent living on their own. Just giving them money you take from a successful person will not solve the problem. In fact it will make it worse because you provide the work shy with free money it only conditions them to be lay-abouts.

As I previously stated Canada is THEE most unproductive nation in the G7 and I suspect one the most unproductive developed nations in the world. We have a very large number of people who have no marketable skills but manage to eak out an existence through sporadic subsistence employment and or one government program or another. You only advocate a system which makes it worse.

Ive thought about it a bit over the years and to me it all comes back to our education system. It's a joke frankly. The Asians and some Europeans are eating us up because their education system is rigourous and tough frankly. Ours is taught by teachers who don't believe in teaching math because they don't know how to do math themselves. I looked at what my kids were being taught in school now and it was not giving them the tools they need to be successful. It was disgrace in fact. I won't get into specifics about what I've seen with my kids for obvious reasons, but it caused both my wife and I to go head to head with the TDSB and finally in frustration pulling our kids out of the public school system.

Ive come to the conclusion that the Canadian school system as it currently exists is dumbing down kids, is not demanding enough and not giving them the tools they need to be successful.

I was born in a lower middle class hard working family in the north end of Hamilton with 3 siblings. Both my parents worked and sacrificed and taught us the value of hard work at school. I was educated in the public school system. None of us ever were allowed to take bird courses at school. My mother saw to that. What I see now being taught in schools is unrecognizable to me.

Ontario needs to have an education system that teaches hard skills that will allow kids to become successful in a field that creates wealth for them and the society as a whole. Without that, we will continue to be a nation where the only solution is coming up with more and more taxes to feed the pigeons.

Except don't blame the teachers. Though I agree with you that the bullshit starts in the primary schools. The school board policy and guidlines they have to work under are completely fucked. The teachers are told what to do and what to teach. They don't have a choice. How ? My daughter quit teaching ? Why ? Because if little Johnny shithead 7 yr old throws a temper tantrum in the classroom, schoolboard policy is to evacuate everybody else out of the classroom and let the fucked up kid rule the roost. Never would have happened in many countries outside of Canada.

 

[Frankfooter]

are you really that slow that you think a poll provided by a loonie left wing website represents human nature ?

When your views are backed by 10% of the population or so, does that make you an extremist or just way, way out to lunch?
Asking for a friend.

 

[Frankfooter]

No country has ever taxed nor printed money to prosperity. The only route to prosperity is productivity.

That's how the US got out of the great depression, so yeah, its worked.
The bigger challenge is to find one single example where the opposite, austerity, ever worked.

 

[rogerdodger]

This is the standard argument people use to argue against any tax. It is simply not borne out by the evidence. There are certainly some people who will leave, however, that is a very small number and your argument would have the rest of the country held hostage to them. The current tax system in Canada, and much more so in the US is skewed toward the rich and self-employed. That is simply and indisputable fact.

Fuck that. Over 40% of Canadians do not pay income taxes ( on a net total basis ) which means the rich are picking up the bill.

Trudeau is right: 40% of Canadians don’t pay income taxes, which means someone else is picking up the bill

Ted Rechtshaffen: The top 20 per cent is likely paying 70 per cent or more of all income taxes

financialpost.com