Chrystia Freeland would drop the Canadian government’s policy of raising the capital gains inclusion rate if she wins the race to replace Justin Trudeau as prime minister, according to a person with knowledge of her plan.
Second, if you’re making $1M on capital gains in a year, you’re not upper middle class or lower upper class - or whatever ‘they’re not that rich’ argument you intend.
they really aren’t that rich in the grand scheme of things… they’re not buying off politicians, or sending armies of lobbyists to ottawa. they’re not propping up our monopolies and leaving toxic tailing ponds with millions in cleanup costs
i get it if people are really struggling and a cardiac surgeon or small business owner looks like a big bad rich person who needs to be taxed. but westons, rogers, and irvings in this country are happy to sit and watch while we go after these small potato rich folk while leaving them the continue pillaging the country
These taxes also catch, probably as they are intended to, people making 10 million or 100 million
anyone that rich has really good accountants and asset hiding schemes. they’re not paying taxes anyways.
There are people who have to work for there money, and there are people who passively make money (and basically don’t pay taxes on that passive income)
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they really aren’t that rich in the grand scheme of things… they’re not buying off politicians, or sending armies of lobbyists to ottawa. they’re not propping up our monopolies and leaving toxic tailing ponds with millions in cleanup costs
i get it if people are really struggling and a cardiac surgeon or small business owner looks like a big bad rich person who needs to be taxed. but westons, rogers, and irvings in this country are happy to sit and watch while we go after these small potato rich folk while leaving them the continue pillaging the country
anyone that rich has really good accountants and asset hiding schemes. they’re not paying taxes anyways.
There are people who have to work for there money, and there are people who passively make money (and basically don’t pay taxes on that passive income)