• naturalgasbad@lemmy.caOP
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    7 months ago

    Usually I’m supportive of tax hikes on the rich, but I think it’s important to note that the top tax bracket in Canada is $246752. Canada needs more granular tax brackets at the top end.

          • HubertManne@kbin.social
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            7 months ago

            true. I hope those rich folks can have enough kids to run everything. No slaves coming from my loins.

              • HubertManne@kbin.social
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                7 months ago

                damn straight. my genes or anyone elses are nothing all that special. this wierd idea of immortalizing ones genes is just stupid. I have had my space time and thats enough.

                • capem@startrek.website
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                  7 months ago

                  You’re only here because people have been immortalizing themselves through genes for generations.

                  If you’re not strong enough to continue on that trend, then you don’t get to continue past this point.

                  Other people will, though, and influence the world accordingly.

    • Hacksaw@lemmy.ca
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      7 months ago

      That income is high enough to be taxed more, but I agree more granularity would be better. I hope that they increase taxes on the rich mostly by closing loopholes that favour the 1% at our expense. A billionaire that pays no taxes now isn’t going to owe more if we increase the tax rate. 3 times 0 is still 0. It’s the loopholes we have to close.

      It’s not usually the doctors making 250-400k that are shirking their fair share of taxes, but the use of loopholes certainly starts in that range and accelerates exponentially with higher wealth and income.

      • corsicanguppy@lemmy.ca
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        7 months ago

        It’s the loopholes we have to close.

        We can actually do both, instead of one OR the other.

        And we can do them both at once, or one at a time.

        I bet that’s what’s happening here.

      • naturalgasbad@lemmy.caOP
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        7 months ago

        A large part of this is also the monopolies that large companies hold on essentials: groceries, telecoms, banks, etc. These are industries where competition does not spur innovation: rather, competition only harms the consumer.

    • honc@lemmy.ca
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      7 months ago

      While I agree that top tax brackets could use more granularity, it’s also important to note that it’s only income above that amount that gets taxed more. I’m personally okay with anything above that being taxed a lot and at the same (high) rate.

    • Pyr_Pressure@lemmy.ca
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      7 months ago

      And not just liquid wealth.

      Own stocks? Pay a tax on their value at time of purchase, updating every year from that day.

  • undercrust@lemmy.ca
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    7 months ago

    It’s a start. Its a modest increase in capital gains inclusion (66% instead of 50%) for all capital gains over $250,000 per year

    So, good, normal people won’t be affected at all, but only super wealthy folks triggering a quarter million in gains every single year are going to feel any effect. And unfortunately, there’s more than a few ways to just avoid triggering gains anyways.

    Eh, at least it’s a start.

      • undercrust@lemmy.ca
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        7 months ago

        You’re right, and this is an excellent idea. If you’re turning an asset into a cashflow, it should be taxable under all circumstances.

  • kandoh@reddthat.com
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    7 months ago

    The Shopify president whose worth 3.5 billion is whining like a bitch on twitter about it

  • kingthrillgore@lemmy.ml
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    7 months ago

    How can one country be so fucking based.

    Its as if the great Tommy Douglas himself looks upon Canada and smiles