[Fighting Banana Slug]

Originally Posted by CorsiHockeyLeague

Actually, yeah. There is a massive difference between 100k on a car and 200k. You can easily spend 100k on a Lexus. When you're getting up into 200k, that's exclusively elite level cars and supercars.

Why do they need to pay extra tax simply because afford something like that? Anyone who happens to be in a position to spend 100k on their car has too much money, for you, and needs to have some that property taken away from them? What if someone could easily spend that much, but doesn't care about cars and instead spends the same or more on regular trips to tropical countries?

At least the guy who buys the car is a) presumably buying it from a Canadian business or seller; b) buying gas, insurance, maybe detailing and other automotive services from Canadian businesses; c) in all likelihood, using that car more often to travel within Canada (i.e. driving out to Banff, or Revelstoke, or Kelowna, or whatever) and spending tourist dollars here.

I'm not sure this luxury use of funds is better than any other. I can't imagine it'll raise much revenue. It just reads as a cheap political tactic rather than good policy.

I have plenty of time for the argument that it perhaps it should be 200k rather than 100k. I know Teslas and loaded F150s can get there and I don't necessarily think it is luxury. But otherwise I think it is a fairly simple tax, with the understanding that no one loves to be taxed. It doesn't seem like a stretch that it would be more progressive taxing luxury items than say all sales or raise all income tax rates.

Edit: The "need" is that we are running huge deficits. I would also be in favour of a simplified tax system that closes loopholes that the wealthy can take advantage of.