Capital gains tax 'last thing the Canadian economy needs,' say business groups
Capital gains tax 'last thing the Canadian economy needs,' say business groups
Which economy? The lived economy of the general public or the artificial economy of finance?
LOL at billionaires crying about being taxed.
More than just billionaires. Anyone who invests. But that’s disproportionately richer people, so it’s good. My complaint is that the tax isn’t raised enough.
Rich people's yacht money says what?
"Sure would be a shame if you taxed us and something happened to your economy..."
Ah, someone else who remembers the way the titans of industry and finance ratfucked the Rae government.
Such measures would deter investment at a time when we are striving to boost competitiveness and innovation within the industry and across the economy
competitiveness
Innovation like unnecessary return to office and less than inflation raises!
Don't forgot about the pizza or one single box of slightly stale Tims donuts for an entire office. We're a family here and our culture is important!!!
Oh, we need to boost competitiveness, do we?
How about we stop the rich from investing in non-productive asset classes like real estate, which seems to be the reason every economist says we're stuck in a quagmire; because capital is being sucked up by real estate and financialization instead of investment into, well, anything else?
We could do that by...taxing the fuck out of capital gains?
No. Capital must go towards rent seeking. It's only logical to invest in things that make money for free.
This is labour's fault. If only we'd work harder and demand less pay (while not ever reducing spending), the economy would be great!
(/s, just in case)
It's an interesting thing that has happened to businesses lately, where making money isn't good enough, they have to be making outrageous amounts or it's not worth the effort. They'd rather close up shop than be forced to endure only modest profit
Do we even need these kind of posts in here...
What do you mean by "these kind of posts"?
[long awaited change that affects the richest 0.1%] 'last thing the Canadian economy needs,' say [representatives for the 0.1%]
The wailing of hedge fund managers and the minions of the super rich is what lets us know the government is doing the right thing.