Canadian Politics Today

Why would I care what the top tax rate is in BC? It's 53% in Ontario

Still much less than the stupid claim of "99/100."

Besides, less face reality, it's doubtful you pay more than the first federal tax bracket anyway. 

It's 53% on each 1%. So if you earn 7% or say $7 the government will then tax away a major chunk of it, bringing you well below 7%

No sh!t sherlock.

But you will still have much more in your pocket after tax if you pay 53% on 7% as compared to 53% on 1%.

No, it will only impact the ones who pay all the bills, who are also the most mobile of Canadians and who will be looking south with ever more greedy eyes as the Americans lower their tax rates while we continue to raise ours higher and higher. Not that you're in that category, obviously, which is why all you can see is that other people are successful and want the government to give you their money.

No, if the government pays all my bills I have $1000 left over. Does the concept of having to pay for your own bills never enter your mind? Have you ever paid a bill, or is mom still taking care of you?

Canadians are not going to leave because their capital gains are taxed a little bit more.

Leave the country and pay the departure tax on all those unrealized capital gains that are deemed to be disposed of?

Kinda stupid.

Most people struggle to save a sum of money they can use to invest in their retirement. The more the government steals from that investment - an investment which people use already taxed money for, risking it on the market - the less people have for their retirement. You losers all seem to take the attitude that people who invest in the stock market are rich. They're not.

Most Canadians struggle to save and do not have unrealized capital gains in nonregistered investments so they will be unaffected by any increase anyway.

When they do save they use tax shelters that give them tremendous tax benefits (RRSP and TFSA) so there is no need to provide yet another subsidy to the top 1 or 2%. 

Taxation is not theft: it is the price of civilization.  It keeps the streets safe and clean, transit running on time, police, fire and medical servcies operating well etc.... all of which are not just "gifts" that appear out of thin air for anyone to use. These are real services used and paid for by real taxpayers.

Gee, someone who lived free in his parents basement would be eager to tax those who make money on the stock market, wouldn't he? He'd be clamoring for it, cheering it on, delighted at the thought the government would be taking more money away from people more successful than him, wouldn't he? Kinda like... you?

I want tax fairness in Canada which means ending the tax subsidy of capital gains (or at least substantially reducing it).

Sure, it is unlikely to effect me much: I use TFSA's and RRSP's to my advantage along with my invesment in my accounting partnership which is incorporated (another method to defer tax). 

Even then, a tax increase for me isn't a big deal: I can afford it and it will likely lead to me either saving more (RRSP to defer a tax increase) or spending less on my foreign travels.

That is, the multiplier effect of giving tax breaks even to guys like me (top 2-3%) is likely less than 1 whereas giving a break to those in the next 10-15% is likely to help the economy with a multiplier effect greater than 1 which, in turn, helps me generate more business.

I know how my bread is buttered and it is not on the basis of false supply side trickle down Trumped up tax cut voodoo magic.  Just look at the failure of Kansas for the most recent proof of this.