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Polievre - We’ve got a plan you guys! And it’s better than thise damn Libs! And it’s great and will definitely benefit everyone! Well…no we haven’t published it. Well…no, you can’t see it beforehand. We just need you to blindly vote us in and then we’ll definitely not immediately stab you plebs, I mean middle class voters, in the back.
Typical CPC behaviour since the party merger / Harper era:
- Blame the other guy and get into power based on outrage instead of actually having any policy;
- Make life worse for the poors by cutting public services;
- Lower taxes for corporations and the wealthy;
- Steal as much as possible via hiring all your buddies as “consultants” for shit that doesn’t need any consulting or have any consequences;
- Get fired because the same fucking chuds who voted you in are finally wising up;
- Start blaming the other guys about all the problems you just created;
- Repeat ad nauseum.
End the capital-gains exemption for principal residences. It’s even more untouchable than OAS. It’s also more economically harmful and inequitable.
It pumps up housing prices and pushes more and more national wealth into housing. It’s dumb economics, plus the tax break only goes to the two-thirds of families who own a home. And the richer you are, and the more home you own, the bigger the tax break. It adds up to a hyper-regressive policy to make Canada less productive.
Eh, I’m going to punt this one because it’s an asset that most people want to own, but housing is a necessity as well.*
I’m going to counter with:
- no non-human ownership of single family homes, no trusts, no corps, no foundations, etc.
- no interest cost deductions against rental income for landlords
- 50% of rental payments can be deducted against income for renters
That way one perk of personal, principal home ownership is still there, but at the same time fucking landlords can piss right off, and renters get a major tax-reducing benefit to boost net income for what are usually lower income earners too.
As policy it’s incomplete, but I think as ideas it at least will level the playing field a little bit.
*Edit: Okay how about this: a lifetime principal residence capital gains exemption of…I dunno, $500k? Just thinking about the regressive comment where wealthier folks own bigger and more expensive homes, and this would target those hogs and leave the vast majority of normal Canadians untouched. And maybe incentivize people to not own a goddamn ugly-ass cookie-cutter McMansion, leading to a teensy bit more densification. Or at least leave more greenspace on a standard lot.
Yikes, 48 dead since October 2023, 222 cases last month. That mother’s story about not wanting to be a hypochondriac parent and then losing her daughter so quickly as the symptoms escalated is heartbreaking.
“If you have a severe sore throat without a cough or other cold or upper respiratory tract infection symptoms, if you have fever with it, if you’re feeling generally quite unwell with these symptoms, then seek medical attention,” said Hota in an interview.
The issue is not you and me running an extra space heater at home.
The issue is massive corporate energy waste, and the fact that one key CoGen plant had an unplanned outage due to extreme cold weather.
Any other narrative has been built to make you, the paying customer, think you are part of the problem. You are not.
Good analysis here; apologies for TikTok: https://vm.tiktok.com/ZM6Q8D292/
DREAM Unlimited (DRM-T) is the company in question (Dundee Real Estate Asset Management). They are the head corporation that provides management services under MSA contracts to their sub-advised companies, DREAM Industrial REIT (DIR.un-T), DREAM Office REIT (D.un-T), and probably the actual company in question, DREAM Residential REIT (DRR.un).
There are many, many REITs (real estate investment trusts) in Canada, public and private, and what makes them a fairly good investment is that they absolutely relentlessly fuck the renter class. They need to be banned or have returns regulated, like utility companies.