Do I smell austerity for the working class?

    • streetfestival@lemmy.ca
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      29 days ago

      The parallels between the republican/democrat and conservative/liberal parties in that dems/libs are to some degree better than the more right-wing parties but still bent of @#$%ing the working class is tough to stomach

  • wise_pancake@lemmy.ca
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    29 days ago

    I’m fine with a lower inclusion rate if we cap it at a fixed dollar threshold.

    If you make $1M in a year from capital gains, just tax it 100% as income.

    The real problem with this is executives getting paid primarily in stocks and paying a lower average tax rate than the middle class because 50% (currently 33%) is excluded.

    Also, Freeland being the #2 in Trudeau’s government, and all her policies being to undo the things they did looks bad to me. I can’t shake that either she was ineffective or they were just bad ideas.

        • Sturgist@lemmy.ca
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          28 days ago

          I’m voting NDP, but after that shameful instance of childish name calling on Singh’s part. Idk. I don’t really have anything against him, from what I’ve seen and read he’s not doing too bad a job in the leadership role. Would have been better if he’d been a bit more mature, and not stooped to the same shenanigans as little PP. It’s a bad look. He had the chance to be the adult in the room, but flubbed it.
          If anyone has any reliable sourced reporting re: Singh doing well or poorly, I’d be interested in seeing it. I would prefer to be an informed voter.

          • Mongostein@lemmy.ca
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            28 days ago

            Well, it’s like this:

            We’ve been flip-flopping back and forth on Conservatives and Liberals since forever. No one’s happy.

            If it weren’t for the NDP agreement with the Liberals we wouldn’t be getting dental care, which comes in to effect for the rest of Canadians this year, and pharmacare which is supposed to come later.

            These are real tangible benefits that every Canadian will be able to see and feel and that means more to me than a carbon tax.

            You’re worried about Singh name-calling? The dude is getting our teeth fixed and he’s not even PM. Focus on the real things.

            • Sturgist@lemmy.ca
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              28 days ago

              Totally fair. And this is exactly the type of thing I was asking for.
              Hard to keep perspective sometimes.

        • lightrush@lemmy.caOP
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          28 days ago

          While I do not want to vote for Singh, the leader, I would vote for the NDP candidate in my riding if the polls don’t show them far behind.

          • Mongostein@lemmy.ca
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            28 days ago

            For better or worse, in Canada we don’t vote for PM, it goes to the leader of the party.

            Both the other parties are clearly in the pocket of corporations. The NDP held the Liberal’s feet to the fire and got us dental care.

            That alone is reason enough to vote for them in my opinion.

      • wise_pancake@lemmy.ca
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        28 days ago

        We’ll see. I’m interested in Carney, he’s saying the things I wanted to hear from the liberals for years.

    • stealth_cookies@lemmy.ca
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      28 days ago

      Getting paid in stocks doesn’t affect how much income you report though. Shares are taxed as income as soon as they vest, and options are considered income when you exercise them at the difference between fair market value and the strike price.

      It is only additional capital gains after that point that are taxed at the reduced rate because it is the same starting point as if you bought the shares on the open market.

      • wise_pancake@lemmy.ca
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        29 days ago

        That paper has gone down hill.

        My dad loves the new direction, I find it’s an editorialized mess, so we don’t talk about the globe and mail anymore.

  • Mettled@reddthat.com
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    29 days ago

    The capital hains tax is a double tax, not a seperate tax.

    A person gets paid, government taxes the person for making money. With the money the person has left, they invest that money, they withdraw or sell their investment, they get taxed on that money again, the capital gains tax.

    Capital gains tax serves as a punishment for being smart in business and financial management, typically from people who are envious and jealous that other people are successful and they are not, so take it away through taxes to oppress all people equally. For that reason, some people turn a blind eye to anyone who commits tax evasion.