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Originally Posted by Tron_fdc
The funny thing about the rich and the large corporations that this is supposedly going to hit is they have this thing called "tax planning" where they pay people to get around paying into these schemes. I had an oilman the other night say they would rather do business with Venezuela right now because (tax/business wise) it's more stable than Alberta. These people have options, and they're going to vote with their feet and dollars.
It's comically absurd that someone would say it's easier to work in a borderline 3rd world country run by a dictatorship than it is in Alberta, but maybe that's what we're going for these days based on the dingus' running the place.
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I find it particularly funny when people point to the antique Tax Rates that the top earners were required to pay in the 75% range in the early 1900s.
Yeah, because at that time moving your money or your offices to Venezuela or Ireland wasnt a viable alternative while today, it most certainly is.
Now, we can yell at clouds for the unfairness of it all, or we can accept this new reality and roll with it.
Again, the remonstrating about the artificially low taxes in Alberta due to Oil Revenue, theres value to that statement, but we also lowered taxes to bring in investment dollars.
Look at all the companies that relocated their Toronto Head Offices to Calgary.
We dont own these companies and they dont owe us, if you make the environment undesirable they can and will either fold up shop or leave and now you get nothing.
Its a fairly simple concept.