What percent of Canadians have 250k in capital gains outside their homes?
It is inconviencing the 1% to benefit the 99%. That's not decisive politics.
Can you point to any studies or proof that the Canadian government wastes money at a greater rate than other govs around the world?
More than you'd think. This doesn't impact many day to day, but it certainly will impact the boomer wealth transfer that's just getting started. (Not that a larger tax on inheritance is necessarily a bad thing...)
If that's the best rebuttal you can come up with to the misinformation factories on the right, I do believe my point has been proven.You can try again though, anything else on the docket?
You are combating misinformation by doing your own misinformation?
This is a good example of how politics interferes with policy. Because the Carbon tax is being implemented in a manner designed to slowly escalate over time to encourage changes before the full impact is realized it becomes a political point of contention and framed as a tax increase every year. Politically it may have just been better to do it in two or 3 significant jumps.
Things like $10 daycare, Carbon Tax once fully implemented, property tax minimum wage should all be indexed to inflation. We don’t all celebrate the tax cut every year we get when RRSP limits and personal deductions go up.
Really the debates should happen once in these things rather than continually and perhaps periodically revisited.
Do you agree with the carbon tax carveout on home heating oil that the Liberals implemented to save their Atlantic vote? That was purely political and completely destroyed the policy.
When carbon tax was first introduced by the Liberals, it was in fact meant to be a few small jumps. Carbon tax was to peak at 50$ per tonne of CO2 by 2022.
When the Liberals got reelected in 2019 with climate change as a a major driver and election issue, Liberals were reelected at a time when the carbon tax was still at only 20$ per tonne of CO2 in 2019. The Liberals got emboldened by their mandate and changed it to an astronomical 170$ per tonne of CO2 by 2030 vowing for a stronger climate change plan. The Liberals largely did this to themselves by sticking to this plan despite cost of living and inflation worries and changing Canadian priorities.
I also bolded the exact problem. Carbon tax has an impact in mind, this is the whole purpose behind it. It's meant to discourage carbon emission technologies and products and subsidize greener alternatives, but the alternatives are still very expensive or not there yet in infrastructure and technology, and it is impacting certain communities over others. There is a reason why there is a rural top up for instance and why it is more popular with urban dwellers who do not see major costs while getting carbon rebates in the mail with an individual net gain. We also had the PBO report that the carbon tax has an adverse impact on households on average when the economic impact on GDP and investment income is factored in. The business / industry side is still a disaster, only recently getting the billions of dollars owed in rebates that the federal government withheld for years until the backlash was too hard.
Atlantic provinces for example were adversely impacted by use of home heating oil which they were previously not subject to carbon tax as provinces like Nova Scotia has cap and trade programs. The federal government rejected these programs and forced the federal carbon tax plan.
When you have cost of living issues pressing and inflation issues, having the carbon tax increased yearly further exacerbates the impression of being squeezed.
You pretty much have acknowledged my point that it's politically damaging, and why it has been so unpopular where our government has shifted climate change policies based on where their own constituents are located.
Liberals and the NDP made it a political farce in their handling of the situation and the CPC has pounced on the weakness and reaped the benefits of Canadian anger (remember CPC under O'Toole had a carbon tax plan on their platform conceding at the time that any government to be elected would need a plan politically).
You are combating misinformation by doing your own misinformation?
It was an opinion article and you can feel free to debate the points made in it, if you care so much. I don't see it as lying to the public, and it's not funded by Liberals. I'm just not sure how you can compare that to Rebel, WS, TN etc, all legitimized by Conservative politicians, pundits, and business people. I'd love to see you try with a side by side comparison though. Have at it.
Well we've tried decades of cutting taxes, and our services have gotten worse, so maybe we should try something different for a bit?
Its not about cutting taxes or raising taxes. Its about having an effective government who is capable of delivering effective services to the people paying for them, i.e. the taxpayer.
Until that happens there is zero reason to pay more taxes.
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Taxes are really pretty simple, you dont want to levy so much they make life difficult for businesses and people to get on at the same time you have to offer a decent modern infrastructure that is just as important for economic growth, there are plenty of countries that have no taxes, Somalia, the Sudan, oddly they arent a hotbed of economic growth
Finding the balance is always the hard part, on the left we tend to discount the effect of taxes and just assume the economy will continue on no matter how much money is taxed and spent, conversely on the right they constantly downplay the importance of a well run infrastructure and also massively over state the benefits of low taxes
It isn't that simple.
In theory, yes but in reality we have a government who spends billions on basically nothing, and Canadians for some reason go along with it.
Why shouldn't we demand better services? Its our money.
But all we do instead is buy into the lie that in order to have better social services like the Nordic countries do, we have to PAY MORE TAXES.
Except our health care system is not run the same way, so why do we think we can just pay more taxes and boom, we have the same system?
We do need both higher taxes on the wealthy but also higher taxes on the middle class. When you compare to the places with better health care a big old VAT tax is missing.
Maybe we could stop actually delivering social services to the middle class that don't need it instead of increasing their taxes?
Like OAS.
Why is the cut off so high? Not only the age, but also the amount you need to make. Its ridiculous. Baby boomers hold an incredible amount of wealth, but here we are spending billions each year, billions we don't have to deliver them a pay check they don't need.
A complete farce.
But keep telling me how we should tax the middle class more to actually change something.
Every government in the world wastes money (as does every private business). Any reason to believe Canadian governments waste more than any other country?
I look at the U.S., and then I look at Northern Europe, and I know which I’d rather Canada was more like. But YMMV.
Well yeah, but I look at Northern Europe, and I look at Canada, and without major changes to our biggest expenditure, i.e. health care, we are never going to have a system like Northern Europe regardless of what kind of money we throw at it.
Which is why I don't understand why you keep insisting that all we need to do is tax people more and it'll fix the issue when you're smart enough to know that what you're actually saying isn't true.
Do you agree with the carbon tax carveout on home heating oil that the Liberals implemented to save their Atlantic vote? That was purely political and completely destroyed the policy.
When carbon tax was first introduced by the Liberals, it was in fact meant to be a few small jumps. Carbon tax was to peak at 50$ per tonne of CO2 by 2022.
When the Liberals got reelected in 2019 with climate change as a a major driver and election issue, Liberals were reelected at a time when the carbon tax was still at only 20$ per tonne of CO2 in 2019. The Liberals got emboldened by their mandate and changed it to an astronomical 170$ per tonne of CO2 by 2030 vowing for a stronger climate change plan. The Liberals largely did this to themselves by sticking to this plan despite cost of living and inflation worries and changing Canadian priorities.
I also bolded the exact problem. Carbon tax has an impact in mind, this is the whole purpose behind it. It's meant to discourage carbon emission technologies and products and subsidize greener alternatives, but the alternatives are still very expensive or not there yet in infrastructure and technology, and it is impacting certain communities over others. There is a reason why there is a rural top up for instance and why it is more popular with urban dwellers who do not see major costs while getting carbon rebates in the mail with an individual net gain. We also had the PBO report that the carbon tax has an adverse impact on households on average when the economic impact on GDP and investment income is factored in. The business / industry side is still a disaster, only recently getting the billions of dollars owed in rebates that the federal government withheld for years until the backlash was too hard.
Atlantic provinces for example were adversely impacted by use of home heating oil which they were previously not subject to carbon tax as provinces like Nova Scotia has cap and trade programs. The federal government rejected these programs and forced the federal carbon tax plan.
When you have cost of living issues pressing and inflation issues, having the carbon tax increased yearly further exacerbates the impression of being squeezed.
You pretty much have acknowledged my point that it's politically damaging, and why it has been so unpopular where our government has shifted climate change policies based on where their own constituents are located.
Liberals and the NDP made it a political farce in their handling of the situation and the CPC has pounced on the weakness and reaped the benefits of Canadian anger (remember CPC under O'Toole had a carbon tax plan on their platform conceding at the time that any government to be elected would need a plan politically).
Home heating oil is probably the best example of political stupidity and undermining of the tax doing exactly what it was supposed to do. Suitable technology exists that is more economical to replace heating oil. It should never have been exempted.
The politics of this situation are undermining the implementation of the carbon tax and undermining its ability to make slow change.
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Maybe we could stop actually delivering social services to the middle class that don't need it instead of increasing their taxes?
Like OAS.
Why is the cut off so high? Not only the age, but also the amount you need to make. Its ridiculous. Baby boomers hold an incredible amount of wealth, but here we are spending billions each year, billions we don't have to deliver them a pay check they don't need.
A complete farce.
But keep telling me how we should tax the middle class more to actually change something.
If the middle class does not get OAS, the middle class won't support OAS. That jeopardizes the entire program and actually is divisive.
This is why I advocate for universal benefits plus progressive taxation.
Its not about cutting taxes or raising taxes. Its about having an effective government who is capable of delivering effective services to the people paying for them, i.e. the taxpayer.
Until that happens there is zero reason to pay more taxes.
Who was the last Canadian government that had similar levels of taxation but better services than we have now? I'm just wondering if you are holding out for government by Unicorns.
They all waste money, that's not an excuse to not consider other paths than the one we've been on for the past 20 or 30 years. But I am curious, did you have a government/time period in mind? Provincial governments are also acceptable examples if no feds fit.
Home heating oil is probably the best example of political stupidity and undermining of the tax doing exactly what it was supposed to do. Suitable technology exists that is more economical to replace heating oil. It should never have been exempted.
The politics of this situation are undermining the implementation of the carbon tax and undermining its ability to make slow change.
The reason it was exempt is because the people in charge didn't actually think that along with taxing home heating oil they ought to run a rebate grant program to help people switch.
But they didn't, hence the reason it was exempt.
The Bryant Cold Climate Heat Pump has a heating efficiency rating of 12 HSPF2 with 100% heating efficiency down to 5 F, or -15 C. There are other similar models on the market as well.
There is zero reason both federal and provincial governments couldn't have been using the carbon tax money to literally pay for people to switch to heat pumps. But still to this day they only offer financing, but not grants.
Mind boggling how dumb the idiots are who administrated the carbon tax program. But hey, would show pay more taxes!
This is surprising to me. I thought Carney would be a lock for the leadership of the Liberals.
Impressions of potential leaders of the Liberal party from the article;
Freeland 29%
Carney 17%
Joly 15%
Clark 12%
Leblanc 11% (not running)
Ananad 9%
Champagne 9%
Fraser 6%
What percent of Canadians have 250k in capital gains outside their homes?
It is inconviencing the 1% to benefit the 99%. That's not decisive politics.
Good question.
It's certainly not the "0.13% of Canadians with an average annual income of $1.4M" that Freeland told us.
CBC's About That had a good video on it:
5 minute mark they have estimated on how many Canadians it will actually effect.
10 min mark they talk about Dr's specifically and how 66% is charged on every dollar withdrawn on incorporated individuals, they don't even get the first $250,000 at 50%.
Freeland used misinformation, or at the very least, intentionally misleading information to bring this tax out.
If you think it only effects 1% to help 99%, you clearly fell for it.
If you want the Liberals to be better than right wing misinformation sources, you should care about that.
The reason it was exempt is because the people in charge didn't actually think that along with taxing home heating oil they ought to run a rebate grant program to help people switch.
But they didn't, hence the reason it was exempt.
The Bryant Cold Climate Heat Pump has a heating efficiency rating of 12 HSPF2 with 100% heating efficiency down to 5 F, or -15 C. There are other similar models on the market as well.
There is zero reason both federal and provincial governments couldn't have been using the carbon tax money to literally pay for people to switch to heat pumps. But still to this day they only offer financing, but not grants.
Mind boggling how dumb the idiots are who administrated the carbon tax program. But hey, would show pay more taxes!
No, the reason it was exempt was because the tax was costing the Liberals votes in Atlantic Canada. There were programs in place to help home owners with the cost of switching to cleaner heating sources.
