Quote:
Originally Posted by Mathgod
Sigh. Was hoping this would get an honest conversation going, but so far all that's been offered is a bunch of trickle down economics, bootstraps kind of stuff. Am I really the only one on CP who sees a serious problem with the wealthy tip toeing around the tax laws like this, especially during a time when governments are running record deficits?
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How were we even supposed to know your opinion on the matter when you legitimately just posted a title and 2 videos to go along with it?
As some have stated, 'tax the rich' is not a solution. When you have other favorable tax jurisdictions with low barriers to entry you will see the rich leave and take their tax dollars with them. Look at Murray Edwards. Another consideration is that unlike the US which each citizen is taxed on worldwide regardless of place of residence, Canada only taxes deemed residents. That is to say if I want to cut ties with Canada temporarily and live elsewhere, I will not pay a penny in taxes to Canada.