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Originally Posted by GioforPM
No. Use money raised from new large corporate and wealthy individual tax increases. That would raise far more than $35M (which is a fractional amount in health care terms).
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Second to my previous post, this makes zero sense?
You have a guaranteed amount of money if you funnel Trudeau's wordly pet project to health care, which far exceeds what you would collect from a capital gains tax
Taxing the wealthy does not give you a guaranteed flow of money, that flow will continually directly and indirectly be reduced
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Taxing the rich can lead to reduced revenue if the tax rate is too high. This is because high tax rates can cause wealthy people to reduce their taxable income, work less, or engage in tax planning.
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Taxing the rich can generate revenue, but it can also discourage investment and have other negative effects.
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Not only are is the capital gains tax revenue being reduced but than any potential future or current payroll, property tax, consumption tax will be reduced.
So it will generate a minimal amount of revenue that will decrease over time.
You are literally your own worse enemy.