Which loopholes? Capital gains vs. income tax ?If only we could close the loopholes that allow the very wealthy to avoid paying a third of their income.
Transfer payments are the right structure.
That's just smart money management....
Which loopholes? Capital gains vs. income tax ?If only we could close the loopholes that allow the very wealthy to avoid paying a third of their income.
Transfer payments are the right structure.
I am almost an exact copy of Nelson Mandela, interesting. Based on the result, I can see why I do not care for most politicians. They are the very opposite of me in so many ways.I believe the preferred contemporary simplification is to divide things into quadrants between left <--> right and libertarian <--> authoritarian. You can take a test here:
http://www.politicalcompass.org/
I score like a slightly more libertarian Gandhi.
That and offshore investments.Which loopholes? Capital gains vs. income tax ?
That's just smart money management....
You're not seriously suggesting that the Canadian Government BAN offshore investments are you? How democratic is that?That and offshore investments.
Tax, not ban.You're not seriously suggesting that the Canadian Government BAN offshore investments are you? How democratic is that?
It's the investor's money...Not the governments.
I see. So money made in a different country is taxable by a country that one happens to live in?Tax, not ban.
Yes.I see. So money made in a different country is taxable by a country that one happens to live in?
Feel free to renounce your Canadian citizenship.Not sure why Canada should have ANY jurisdiction if I happen to own a Hotel in Barbados...
I mean, it's their infrastructure, I'm paying their people, using their roads, water, airports....Why should Canada be entitled to any of it?
He would have renounce his Canadian residency. Residents of Canada are taxed on their world income.Yes.
Feel free to renounce your Canadian citizenship.
I am suggesting that we close that loophole, as the Americans have. OECD countries should enact a comprehensive tax treaty that tracks and taxes all income globally for all OECD citizens.He would have renounce his Canadian residency. Residents of Canada are taxed on their world income.
Other countries tax their citizens where ever they live
Why? Because I disagree with this concept? Is not one of the rights of Canadian citizenship, the ability to lobby for better treatment?Yes.
Feel free to renounce your Canadian citizenship.
Because we fundamentally have a non globalized taxation system that worked well when we were a non globalised economy, but now that practically all businesses are globalised we need a globalised taxation system.Why? Because I disagree with this concept? Is not one of the rights of Canadian citizenship, the ability to lobby for better treatment?
Canadian tax policy might have a history of this type of excess, but it hardly means it's justified (or fair)
People like you Fuji seem to think MY money is rightfully the Government's. It is not.
Again, Why? I already pay my fair share (much, more I might add)....You, again seem to think that MY money belongs to Canada.Because we fundamentally have a non globalized taxation system that worked well when we were a non globalised economy, but now that practically all businesses are globalised we need a globalised taxation system.
The US expects you to report income to the IRS globally if you are a citizen even if you are not resident in the US. First step need to do that here in Canada too.
Second we need to cooperate with other nations to track and report on income globally to catch those who hide money offshore or route it through multiple jurisdictions to take advantage of differences in tax laws. Starting with other OECD nations and then growing the tax alliance from there seems sensible, to start closing those cross jurisdictional loopholes.
Ultimately we need everyone claims the benefits of Canadian citizenship to pay their fair share. No more these overseas repatriate temporarily just access free education and healthcare. No more Canadian residents who have vast overseas earnings but claim poverty in Canada.
Everyone needs to pay their share.
If you don't feel you get enough benefits a Canadian pay Canadian tax then please consider joining convicted felon Conrad Black and renounce your citizenship.
God forbid we give power to a group that is suppsed to represent us and our best interests! Let's just let unelected corporations dictate how we live. So much wiser to let the free market determine everything, because allowing unchecked self-interest to guide everything ALWAYS results in what is best for all, and never harmed anyone.That my friend is a lot of power to give a group, that is supposed to be looking out for our best interests...
You seem to think you would have any money at all had you been raised by wolves in the forest.Again, Why? I already pay my fair share (much, more I might add)....You, again seem to think that MY money belongs to Canada.
Ah yes..That old cherry. Would you please, explain, HOW, me arguing for smaller government and lower takes has even the smallest relationship to your fear of corporations?God forbid we give power to a group that is suppsed to represent us and our best interests! Let's just let unelected corporations dictate how we live. So much wiser to let the free market determine everything, because allowing unchecked self-interest to guide everything ALWAYS results in what is best for all, and never harmed anyone.
You seem to think you would have any money at all had you been raised by wolves in the forest.
In reality Canada makes investments in human capital ranging from public health, to public education, to public safety. You were able to concentrate on your education and business because you had safe drinking water, safe streets, safe food, and not a small subsidy. Your business is streamlined because of effective policing that keeps fraud to a minimum. You rely on a currency that Canada defends, on a telecommunications network Canadian taxpayers funded, on roads, on rail, on power.
Some of those human capital investments pay off in small ways, some don't pay off at all. Apparently it paid off in your case but now you don't want to pay back the dividends on that investment.
We selected regulated capitalism because that is the economic model that optimizes national income, not because we wanted you to abscond with the benefits of the Canadian system without paying your share.
Sure. In fact, I'll give you some real life, Canadian examples. e-coli tainted beef. Walkerton. Lac Migantic. Shall I go on? The more you deregulate and limit public oversight, the more you give carte blanche to corporations to do whatever the fuck they want in pursuit of the almighty dollar.Ah yes..That old cherry. Would you please, explain, HOW, me arguing for smaller government and lower takes has even the smallest relationship to your fear of corporations?
Right. It's that simple. It's not like I may actually want to exist in our world and society while enjoying some protection from the consequences of unfettered greed.If you don't like them, don't spend you're money with them....jeez.
Nope. Government can be right fucked up, and usually is. But to make a hash of an old saw: it may be a shitty system, but it's the best we got. I'd a thousand times rather have our democratically elected government determine how things are run than some Darwinian ideal of the free market.Now...are you also suggesting that 'government' 1)Always knows best? 2)Always has 'our best interests are heart'?
3)Always needs to keep growing???
Sure. But I suspect our ideas of the minimum power necessary are quite different. For example, I think the bare minimum would include ensuring access to food, shelter, and healthcare for all; maintaining infrastructure; ensuring that our food, water, and consumer goods are safe; and levelling the playingfield so that traditionally disadvantaged groups can have a fair shot at education and employment. I suspect your list is a tad shorter and probably drops off somewhere after "let's have cops, firefighters, and a military".I would prefer (and I think you would too, if you Thought about it Nobody123, a government with the absolute minimum power over the individual that is required for day to day operations.
There are certain things that should be communal...But who gets to make the call about level playingfields??? That is the danger, and just as arbirtrary as the market.Sure. In fact, I'll give you some real life, Canadian examples. e-coli tainted beef. Walkerton. Lac Migantic. Shall I go on? The more you deregulate and limit public oversight, the more you give carte blanche to corporations to do whatever the fuck they want in pursuit of the almighty dollar.
Yup. Killing customers is great for business.
Right. It's that simple. It's not like I may actually want to exist in our world and society while enjoying some protection from the consequences of unfettered greed.
What about the greed of people who want my money but refuse to work? That is unfettered greed I'd like to see stamped out..along with the boiling envy of those too lazy to get off their asses.
Nope. Government can be right fucked up, and usually is. But to make a hash of an old saw: it may be a shitty system, but it's the best we got. I'd a thousand times rather have our democratically elected government determine how things are run than some Darwinian ideal of the free market.
So people NEED government control, right? They are incapable of doing the right thing? That is, unless they form a government..Then all their works become ordained as good?
Sure. But I suspect our ideas of the minimum power necessary are quite different. For example, I think the bare minimum would include ensuring access to food, shelter, and healthcare for all; maintaining infrastructure; ensuring that our food, water, and consumer goods are safe; and levelling the playingfield so that traditionally disadvantaged groups can have a fair shot at education and employment. I suspect your list is a tad shorter and probably drops off somewhere after "let's have cops, firefighters, and a military".
Can't real understand why anyone is a "Righty" here ... especially debating on a "ESCORT" review board.Left is not an argument