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Originally Posted by Harry Lime
Leondros, did you not post yourself the chart showing that the negative taxation effects those making above 200K/year? That is not the uber-rich, but certainly not the middle class as blankall suggests.
At a certain point the scale of money that we are talking about in terms of personal income becomes a number that is not being returned to the local economy by the people that are earning it.
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The number of people making more than $200k/year and earning a strict, non-tax sheltered salary, is very low. You would not be able to fund any kind of programs. Additionally, marginal tax rate in Alberta on these higher incomes (anything above $214k) is already 47%. How much more do you plan to tax it? How much more can you tax it, before people stop working more to earn these incomes.
Quote:
Originally Posted by Harry Lime
Also, I would venture that if people making over 200K/year are working 75 hours per week, then they need to restructure their own life/work ratio to enjoy their own pre-retirement years. If there is a lack of incentive for people to work excessively, that is probably a good thing for the people themselves.
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These are the realities of owning your own business or a higher end career.
Quote:
Originally Posted by Harry Lime
Also, I'd like to apologize to blankall, I did not mean you personally were saying that poor people were lazy, but rather generally that many times in this thread it was insinuated that 20K/year would cause a general malaise, which is a statement with no basis in reality. I can't imagine someone refusing to work because they can afford Netflix for free.
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Apology accepted.