Prime Minister Justin Trudeau’s former finance minister said he rejected the idea of hiking the capital gains tax while in office due to concerns it would stunt Canada’s economic growth, and called the move “very troubling for many investors.”
If you’re investing in something, you’re injecting some effort or resources into it that improve it over the long term. This means you’re not going to be impacted by capital gains taxes anytime soon.
These people aren’t “investor”, they’re speculating vultures. The only thing they’re interested in improving is their place in the personal wealth hierarchy.
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0.1% people using million dollar trust funds to get their names on buildings suddenly find out they need to pay more on profits above 250 000.
Now we know why he’s an ‘ex’. The guy is a Conservative.
So this fucker is part of why such a hike was rejected in the past according to the article.
100%
“…and receives well compensated board position at random corporation.”
Glad that they’re gone now.
Getting rid of him seems like it was the smart move.
“Billionaire Nepo Baby Sitting on Massive Unrealized Capital Gain Windfall Upset He Will Pay Fair Taxes”
There, I fixed it for you.
You could argue they’re still actually paying below their fair share, just slightly less so.
If you’re investing in something, you’re injecting some effort or resources into it that improve it over the long term. This means you’re not going to be impacted by capital gains taxes anytime soon.
These people aren’t “investor”, they’re speculating vultures. The only thing they’re interested in improving is their place in the personal wealth hierarchy.
We don’t need them. Eat 'em all.