Quote:
Originally Posted by rubecube
I mean this is a pretty silly take. Someone having say 50% of their income over say $1M isn't going to have any troubles providing a high-standard of living for themselves or their family. Someone being taxed 50% of their income over $50k clearly is.
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That depends on lifestyle though doesn't it.
The person with the $1MM in income, might have a $5MM house with $20K a month in payments, probably has really nice cars, and spends a ton every month on restaurants, toys, etc.
The person making $150K/year, might have a 600K house with $2k/month in payments, has decent vehicles, and spends on entertainment without even thinking.
The person making $60K/year might rent and has to budget every dollar living paycheque to paycheque
and the person making $25K/year is at the foodbank, barely making it month to month
So who gets to say what the standard of living should be, before we start taxing the crap out of people. The bottom person on the pole, would probably think the person making 60K/year is super lucky and must have money to burn. That person thinks the $150K/year should be taxed more, and so on.
A household in Calgary making $200K/year is probably living comfortably, but they don't live in a $2MM house, with a Tesla in the garage, while they vacation on their private island. (well maybe they do, people around here love debt almost as much as the Liberals)
So do you think we should tax everyone to the point they are living paycheque to paycheque? Everyone should be taxed such that everyone has the same level of lifestyle?