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Thread: Eat the Rich: many wealth transfer ideas coming.

  1. #1
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    Default Eat the Rich: many wealth transfer ideas coming.

    Luxury car and boat tax incoming. And now talk of a tax on homes over $1 million value.
    The socialists are coming:
    https://www.cbc.ca/news/business/hou...-tax-1.6306156
    Quote Originally Posted by rage2 View Post
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    I almost shat myself after eating way too much at lunch with @killramos so ya, we can start the diaper thread now.

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    Quote Originally Posted by ExtraSlow View Post
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    Luxury car and boat tax incoming. And now talk of a tax on homes over $1 million value.
    The socialists are coming:
    https://www.cbc.ca/news/business/hou...-tax-1.6306156
    This won't solve the problem when everybody I know in GTA have 2nd and 3rd mortgage investing in units under $1M.

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    Comrade, those homes too will be worth over $1M.

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    It’s good the govt is thinking ahead since the average home price will be 1 million $. Everyone can pay.

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    It's easier to make everyone miserable than to make everyone happy.

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    Quote Originally Posted by SJW View Post
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    It’s good the govt is thinking ahead since the average home price will be 1 million $. Everyone can pay.
    Thoughts and prayers for Calgary downtown condo owners.

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    Quote Originally Posted by killramos View Post
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    People are generally supportive of fines (or taxes) for groups of people they don’t feel they belong to.
    The wording of my thesis on this matter is very important.

    Lots of people think they are just raising taxes on other people, or giving tax breaks to themselves.

    They are very very often incorrect.

    Tax the rich is a great slogan. It’s those other people who are rich and aren’t paying their fair share. Totally doesn’t affect me.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by suntan View Post
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    Thoughts and prayers for Calgary downtown condo owners.
    Thank you

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    I’m not sure this is a tax on just the rich. I bet there are a lot of rich people living in houses that cost less than $1M. And in the flip side I bet a lot of people that own $1M houses can barely afford them.

    If the government wanted to be fair they should be taxing net worth.

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    After actually reading the article, it sounds like the tax is also an attempt to curb flipping. The tax isn’t paid until the home changes hands.

    The amount of tax doesn’t seem to be outrageous either, it maxes out at 1% on homes worth $3M+. If you lived in your home for decades, the interest compounding would work in your favour.

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    Quote Originally Posted by richardchan2002 View Post
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    I’m not sure this is a tax on just the rich. I bet there are a lot of rich people living in houses that cost less than $1M. And in the flip side I bet a lot of people that own $1M houses can barely afford them.

    If the government wanted to be fair they should be taxing net worth.
    I owe 1544234 Alberta Ltd. $1MM. My net worth is negative.

    - - - Updated - - -

    One thing that has been bandied about every now and then is to tax loan money.

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    fuck

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    When can we write off mortgage interest? Saves effort doing smith manoeuvre.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by richardchan2002 View Post
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    I’m not sure this is a tax on just the rich. I bet there are a lot of rich people living in houses that cost less than $1M. And in the flip side I bet a lot of people that own $1M houses can barely afford them.

    If the government wanted to be fair they should be taxing net worth.
    There is no defensible tax.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.

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    Taxation is theft
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Unfortunately they have ultimate coercive force, and we're plebs.

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    Quote Originally Posted by suntan View Post
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    I owe 1544234 Alberta Ltd. $1MM. My net worth is negative.

    - - - Updated - - -

    One thing that has been bandied about every now and then is to tax loan money.
    Shhhh, don't give them any ideas!

    A deferred property holding tax may seem reasonable in markets like Toronto and Vancouver, where appreciation has been steady and the tax is miniscule relative to the equity gained, but in a market like Calgary, this would just be salt in the wound to most affected homeowners over the last decade... The future may be different, but that's how it feels today.

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    I can sense some big bills coming from my accountant and lawyer

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    Quote Originally Posted by suntan View Post
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    Thoughts and prayers for Calgary downtown condo owners.
    You'll be able to buy one with an 01 Celica trade soon enough
    Follow me on Instagram and Facebook!

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    this concept is absolutely outrageous and shame on the CBC for presenting this one sided opinion piece as news.

    There is no acceptable reason to continually punish people for no other reason than they exist and work hard. And in the future as was already stated, every single family home will be $1MM plus so nobody will be exempt from this theft.

    We already have income tax, carbon tax, sales tax, gasoline tax, liquor tax, import duties, property tax, luxury tax, it is becoming outrageous.

    The fact that they try to divide society and somehow claim that taxing the $1MM+ homes will do anything other than continue to siphon money away from individual is ridiculous and disgusting.

    I already called it, first it was "nobody should own a gun they are dangerous", then it will be "nobody should own an internal combustion car, they are bad for the environment", next is "nobody should have a SFH they are inefficient and unfair", next will be "nobody should privately own land they are bad stewards and can't be trusted"

    Give me a break.
    Tap, Rack, BANG!

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