Obscene amounts of money

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Originally Posted by Gilroy

I have a better idea why not tax the crap out of the 1% that have their money hidden in offshore accounts and are the one's
cutting the throat's of the middle class where nobody these day's gets a full time job.

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The tax the 1% rhetoric is just BS spewed by people who don't want to look at the real problem.

The liberals tried that after their 2015 election win and it resulted in a net loss in the amount of income tax collected.

Two problems with it:
- The 1% have enough tools at there disposal to avoid taxation.
- The 1% is too small of group - despite their wealth - to fund the entire country.

What the liberals are studying now is applying capital gains taxes to primary residence sales.
That is going to raise a lot of money, and it should also help cool off the housing market.

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Originally Posted by werner.reiche

The tax the 1% rhetoric is just BS spewed by people who don't want to look at the real problem.

The liberals tried that after their 2015 election win and it resulted in a net loss in the amount of income tax collected.

Two problems with it:
- The 1% have enough tools at there disposal to avoid taxation.
- The 1% is too small of group - despite their wealth - to fund the entire country.

What the liberals are studying now is applying capital gains taxes to primary residence sales.
That is going to raise a lot of money, and it should also help cool off the housing market.

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BINGO was his name oh

BINGO....Correct, now you get 1% of offshore hidden earnings. Please vote conservative/Liberal/NDP or Greens in the next election so we make this happen...lol Please donate here: WWW..any political party

Quote:

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Originally Posted by werner.reiche

The tax the 1% rhetoric is just BS spewed by people who don't want to look at the real problem.

The liberals tried that after their 2015 election win and it resulted in a net loss in the amount of income tax collected.

Two problems with it:
- The 1% have enough tools at there disposal to avoid taxation.
- The 1% is too small of group - despite their wealth - to fund the entire country.

What the liberals are studying now is applying capital gains taxes to primary residence sales.
That is going to raise a lot of money, and it should also help cool off the housing market.

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Quote:

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Originally Posted by werner.reiche

The tax the 1% rhetoric is just BS spewed by people who don't want to look at the real problem.

The liberals tried that after their 2015 election win and it resulted in a net loss in the amount of income tax collected.

Two problems with it:
- The 1% have enough tools at there disposal to avoid taxation.
- The 1% is too small of group - despite their wealth - to fund the entire country.

What the liberals are studying now is applying capital gains taxes to primary residence sales.
That is going to raise a lot of money, and it should also help cool off the housing market.

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So your answer appears to be let the 1% keep all their money and let Corporations with offshore HQ's and bank accounts keep all there money, even although they are making it in our country with their employee's using our health system and then have the taxpayer's bank role everything else?

Well chasing the rich away doesn't help much does it. Don't forget the rich also create new Jobs. Governments don't create Jobs. But Governments do chase companies away. Ontario Liberals chased away a lot of union jobs tens of thousands.

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Originally Posted by Gilroy

So your answer appears to be let the 1% keep all their money and let Corporations with offshore HQ's and bank accounts keep all there money, even although they are making it in our country with their employee's using our health system and then have the taxpayer's bank role everything else?

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Originally Posted by greatwhite

Well chasing the rich away doesn't help much does it. Don't forget the rich also create new Jobs. Governments don't create Jobs. But Governments do chase companies away. Ontario Liberals chased away a lot of union jobs tens of thousands.

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Ontario Liberals chased away the companies who could not afford to pay janitors $65/hr due to the unions. The unions killed themselves in this province, the Liberals helped them along.

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Originally Posted by Gilroy

So your answer appears to be let the 1% keep all their money and let Corporations with offshore HQ's and bank accounts keep all there money, even although they are making it in our country with their employee's using our health system and then have the taxpayer's bank role everything else?

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Those are your words not mine.
I see you're really hung up on the 1% - it's an easy target because you can get 99% of the people behind you.
But as I said earlier - its BS spewed by people who don't want to look at the real problem.
... and you've clearly stated twice your one of those people.

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Originally Posted by werner.reiche

Those are your words not mine.
I see you're really hung up on the 1% - it's an easy target because you can get 99% of the people behind you.
But as I said earlier - its BS spewed by people who don't want to look at the real problem.
... and you've clearly stated twice your one of those people.

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Yeah he is really hung on the 1 percent lol.

That 1 percent has personal jets they can do whatever they want to . Crush them to much they will head else where .

If they are the ones who created job's say good by to them

Some are just jealous of the wealth they know when you have more you can make more . You have less you will make less.

The world wasn't meant to the same ,some are blessed with wealth but hey that's how it is.

Money doesn't make happiness can't be jealous of the 1 percent when the other 99 percent makes up the majority lol.

Sent from my CLT-L04 using Tapatalk

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Originally Posted by Fox

Ontario Liberals chased away the companies who could not afford to pay janitors $65/hr due to the unions. The unions killed themselves in this province, the Liberals helped them along.

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I personally think it's the union's are responsible for taking away the middle class. Not just them alone but they definitely help with inflation while the rest stays the same.

Sent from my CLT-L04 using Tapatalk

Taxing corporations - while it seems to be a victimless tax - doesn't help much.
You are actually taxing the investors in the corporations. Taxing investment? Does that look like a way to create new jobs?
When you tax a corporation you reduce the return to the investor - who may be a rich 1% person, but more than likely it is a pension fund (OMERS, OTPPB, CPPIB, or one of many others) or individuals like myself who does not have a government pension and relies entirely on my investments for my retirement.

What's lost on the "tax the corporations" crowd is that while corporations are legal entities - they don't really own their assets. They are owned by shareholders. Anything you do to tax corporations is actually a tax on the shareholders.

Going forwards there are a couple of ways to distribute the tax burden.
- increasing income tax rates
- introducing a wealth tax (a tax on the value of your home, your investments, and most significantly, pensions)

Neither of these is likely to go a forwards because they would adversely affect too many voters.

Here are ontario tax brackets. Why are people making under 44,700 being taxed at all? Take a look at those numbers. If a guy making 88k is being taxed 9.15 on his last dollar (marginal tax rate they call it), shouldn't a guy making 140k be taxed more than 11.16 (marginal tax rate)?
5.05% on the first $44,740 of taxable income, +
9.15% on the next $44,742, +
11.16% on the next $60,518, +
12.16% on the next $70,000, +
13.16 % on the amount over $220,000