• maplesaga
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    1 day ago

    Its convenient to support all the Covid stimulus funded entirely via printed money and BoC QE, and then state we need to make everything publically owned because of greedflation. At what point is it the governments own lack of desire to raise taxes to pay for anything thats at fault?

    Trudeau had a generational fairness capital gains tax, that seems like a more sensible solution to future inflation.

    • definitemaybe@lemmy.ca
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      12 hours ago

      I’m right pissed that they reversed the increase in capital gains tax. Capital gains should be taxed as income (but with capital losses allowed to be used to offset). The planned increase from ½ to ⅔ inclusion beyond $10K (iirc?) didn’t go nearly far enough. I guess, sure, ½ inclusion to $10K likely makes sense, to encourage more Canadians to invest at all, but people pulling in $100K+/yr from their investments shouldn’t be taxed on only 50% of their investment gains.

      It’s insane that capital owners pay less tax than working class Canadians. (I mean working class in the “need to work to live” original definition, not “low-education worker” meaning).

      • maplesaga
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        10 hours ago

        Agreed its bullshit, and I don’t actually believe it was put in to do anything but make Trudeau a scapegoat to install Carney.

        As with Freeland’s letter, it all seemed highly coordinated.