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Originally Posted by STAMPEDRED
brutal. Way to punish people for earning more.
The idea should be to reward people for earning a higher income. The more a person makes, the more taxes are collected regardless. This new tax measure essentially punishes those who figure out a way to increase their income level. And Trudeau wonders why companies 'cheat' on their taxes?
If anyone is making that dollar amount or more they would be wise to, I don't know, maybe run 3 numbers companies to split the profits up and in an effort to pay less tax.
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Are you implying that they wouldn't if their taxes were below some magical threshold? I can complete BS on that.
And you realize things like these are exactly why taxes are going up on those people, right? Those that don't have the assets to be splitting or the ability to be paying financial advisors/accountants/tax specialists to hunt down loopholes for them don't get those advantages. Is it a surprise that those people are ticked off at the few who are able to do these things, purely because they already have more.
And no, the idea should not be to reward those who earn more, they have their rewards already in the form of more wealth than others, wealth that, in many cases, is excessive and unnecessary. There's this prevailing idea that work harder=paid more and it's not even close to true. That's not saying that people that are highly paid aren't working hard, most certainly do. But the implication that those who aren't making over $100K/year AREN'T working hard enough is ludicrous. Their pay is less a subject of their hard work, and more a subject of the money to be gained from using their skill. It's not wrong to use that skill to bring yourself success, but what that skill gets paid is a function of the market price for that job, not necessarily how hard the person worked to get there. The fact that oil is a widely used commodity and there is much wealth to be gained from extracting and selling it is why these jobs are higher paying. It's not because an engineer working in O&G works harder than one working in civil engineering, or a rink rat. They all have to feed their families, provide education for their kids, have some fun in life, and the fact that people whose lives will literally not change with an extra few percent off the top (much of which is paid by the market, not their hard work) make such a fuss about it, when it could make a world of difference for people at the bottom, is a huge piss-off. When our parents were kids, someone could be a shoemaker, or a rink attendent, or a department store salesperson and raise a family off that income alone. It can't happen anymore, technology and international relations have changed it too much. The system needs to be adapted to this, and not by people who grew up in an era that has long since gone. The job landscape that we deal with isn't even close to the one our parents did, and light years different than their parents, yet the economic systems have remained largely the same. It makes no sense.
Albertan's on average work more than the rest of the country (a max of a whopping 4 hours more per week. Oh my god how do we live under such conditions!?!) yet are paid 20-30% more than other provinces. Is this because we work 20-30% harder? Or perhaps its because we sit on a black gold mine and our economy revolves around a lucrative resource?
This doesn't even get into people who knowingly work low-paying, socially beneficial jobs because they want to, and work just as hard, if not harder, to provide for their families that have the same basic needs as anyone else.