Crossposting to r/fuckcars....lol
GuyLivingHere
joined 2 weeks ago
My mileage definitely varies, friend.
One set of my grandparents were children in England in the 1940s, and experienced their homes being bombed during Nazi bombing raids over London.
My other set of grandparents were a bit older and raised in Canada, but both proudly served their country against the Nazi regime. Grandfather was an RCAF navigator and grandma was a nurse.
You don't negotiate with Nazis. You shoot them. Dead.
If you don't, they will simply do the same to everyone else.
Not even Nazis? We literally had a war about that.
Haha, that (poker night with the boys type thing) is probably an exception. I was mostly talking about casinos.
The 'house' in gambling terms is the establishment in which you are gambling. It's usually not an actual house.
I don't think it is functionally any different; just applied to a different asset being sold. Most capital gains are from property sales, aren't they?
Good news. I hope Canada gets there, but I doubt we will. We are too focused on oil expansion and infrastructure to pay any mind to the 'dirty poors' right now.
If we had kept Petro Canada as a crown corporation past the 1980s, we could be funding UBI NOW, but of course, conservatives fucked that up.
I'm in favour of maximum ratios of total compensation. Stock values, dividends, salary are all added together to get a total compensation value.
Start it at something like 50-1, then gradually lower it as the actual workforce is allowed to control an increased share of the company.
There is still incentive for growth; the growth is simply distributed more equitably.
So:
A loan of $1 m is given to Mr. Richbitch McDouchebag based on owning $1 m worth of stock.
Eventually that loan has to be paid off.
When McDouchebag sells off some stock to pay the loan, the amount paid presumably enters a bank account, either in their name or in the name of a numbered company they control, yes?
That's income. Apply tax to it before they pay off the loan. In Canada, the top marginal tax rate is 33%, so $330k minus the other marginal tax amounts for the lower brackets would be applied before this money can go to pay off a portion of that $1 million loaned.
It's either this, or we rip up the income tax act alongside finding a different revenue stream for the government.
I'm for whatever we can get on board with most people, because I am pretty sure most of us who aren't accountants hate filing income taxes.
If we instead got most of our money from other things that the government sold, then (a) big companies couldn't use the same accounting tricks to hide income, as we would no longer be taxing those precious profits of theirs (b) the rest of us wouldn't have to go through tax pain every April.
I realize that for some people, they get things like tax credits for a bunch of things like home renos, etc.
Perhaps under a no income tax system, the incentive to do these activities that reduced their income tax would have to be changed to something more tangible, like a guaranteed lower rate on utilities or something. I dunno.
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Most people (I would say 90%) are not what we would call 'political junkies'.
The only time they seriously think about anything political is when it effects them directly.
I probably devote more time than the average schmuck to politics because I operate my own business and I can set my own hours (plus, fall-winter is quiet in my line of work).
But for most people who work 12 months of the year, they are too tired at the end of the workday to care about whether or not fascism is slowly taking over, because the kids need to get to karate class, dinner needs to be made, and they need to sit down and forget about the horrible incident at work today. So I get why most people only really pay attention to politics when it is dressed up as entertainment.
It is a sad indictment of society that life is this way for so many of us, because it just allows the powers that be to keep their boots firmly on our collective necks.