Canadian Income Distribution

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  • Re: USA Income Gap

    They will move jobs overseas ( and they did) but they personally won't go to live in India or any place like that. Taxing the rich more wont make any of them move anywhere.( and if fact it didn't when Clinton had implemented higher taxes) OTOH, since jobs were already sent offshore, if extremely rich won't accept paying more tax, they should be welcome to leave. I would actually implement tax for leaving the country. I have to pay house transfer tax in Toronto. They should also be taxed on moving.. so harshly that they wouldn't consider moving at all.

    Comment


    • Re: USA Income Gap

      Originally posted by Vlad Drkulec View Post
      I have problems with Hudak as well but he seems to me to be the lesser of three evils. Hudak seems politically naive. Harris was the greatest Ontario premier in recent memory. I have an entirely different recollection of his time than the one that you are putting forward. My one beef with him is the entirely useless "temporary" emissions testing tax which we can't seem to get rid of but might if Hudak becomes premier. It is simply not possible to be more incompetent or corrupt on e-health. One thing that is certain is that Hudak won't have the free pass from the press that the current provincial government seems to enjoy.

      I am well aware that Martin offloaded a great deal on provinces and cities.

      I am not really concerned about the tea party bogeyman. To bring it up seems to me to betray a certain rigid ideology on your part.
      The "lesser of three evils" is probably how most people vote.

      Harris did make some tough cuts but nobody is perfect (e.g. the civil service and politicians still had their high pensions). Common sense wasn't always applied. His gov't benefitted greatly from the US doing well under Clinton.

      The tea party bogeyman refers to the Harris Gov't bringing in American consultants who could talk the political/idealogical talk, but who had a history of getting fired in the US for disasterous management of things like prisons. Harris's prison privatization was purely political, not economic, and has been reversed. Some of Harris's cuts were purely political/personal like cuts to women's shelters (anything that helps poor people are special interest groups, but helping rich groups are good for the economy). Many decisons were rushed and rammed through buried in undemocratic omnibills, like preventing separated dads from making child payments. Harris slipped through his involvement in being tough on natives resulting in a death, but lost votes in the end with the Walkerton deaths due to cuts and privatization. Some government bureaucrats actually protect lives. As time went on the effects of the cuts to health and education hurt many people so they voted Ernie Eves out.

      Comment


      • Re: USA Income Gap

        I like this new Pope!
        http://www.youtube.com/watch?v=dzoWdRMl4Jk

        Comment


        • Re: USA Income Gap

          Ya I guess the Pope is pissed off that the corporations are doing what the church has always done. When Vatican City sells their priceless art collection to finance the raising of children of broke people with ten children I will be a bit more impressed.
          "Tom is a well known racist, and like most of them he won't admit it, possibly even to himself." - Ed Seedhouse, October 4, 2020.

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          • Re: USA Income Gap

            It would be nice if they would offer to pay property taxes. That's what I would call a good start.
            Gary Ruben
            CC - IA and SIM

            Comment


            • I Love Auditors!: Canadian Income Distribution

              Originally posted by Bob Armstrong View Post
              From CBC.ca, Sept. 11/13:

              Wealthiest 1% earn 10 times more than average Canadian

              The richest of the rich in Canada earn about 10 times more than the average Canadian income of $38,700 and are generally married, middle-aged, white men, the final release of data from the National Household Survey shows.

              Is this a problem? If so, why?

              Bob A

              P.S. I assume that the $ 38,700 is a single individual income. If so, I am surprised that it is this high these days. It seems to me that many in the 25-40 year olds range, are having difficulty finding decent paying full-time jobs, and that many are underemployed (many with first University degrees), many working more than one low-paying part-time job just to survive. Is anyone else surprised by the individual average?
              http://www.cbc.ca/news/canada/toront...458723?cmp=rss

              Bob A

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              • Re: I Love Auditors!: Canadian Income Distribution

                Here's another plant closing.

                http://o.canada.com/business/kellogg...ondon-ontario/
                Gary Ruben
                CC - IA and SIM

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                • Re: Canadian Income Distribution

                  Indeed, and the biggest corporate welfare recipient in Canada is the CBC - over $1.1B per year and every year!
                  atlantarhinoplastycritic.com

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                  • Re: Canadian Income Distribution

                    Getting back to the issue of income & wealth inequality, can it can lead to cases of "affluenza"?
                    I had never heard this term before, but there was a recent ruling in Texas where a spoiled wealthy kid convicted of drunk driving and killing 4 avoids jail time by pleading affluenza, or "you have to excuse my behaviour, I am too wealthy and spoiled to know better". Unbelievable.

                    http://www.youtube.com/watch?v=Idu98aTFceM

                    Comment


                    • Re: Canadian Income Distribution

                      Originally posted by Jedup View Post
                      Indeed, and the biggest corporate welfare recipient in Canada is the CBC - over $1.1B per year and every year!
                      Where your federal tax dollar goes: Summary

                      That's our brief summary of federal spending for 2010–11.

                      14 Other transfer payments
                      13 Support to elderly
                      12 Other operations
                      11 Public debt charges
                      10 Canada Health Transfer
                      8 Defence
                      7 Employment Insurance benefits
                      6 Other major transfers to other levels of government
                      5 Children's benefits
                      4 Canada Social Transfer
                      4 Crown corporations
                      3 Public Safety
                      3 Canada Revenue Agency

                      Crown corporations

                      Crown corporations (organizations owned directly or indirectly by the government) cost $10.5 billion, or just under 4 cents of each tax dollar spent.

                      Most of this spending was by four organizations:

                      1 Canada Mortgage and Housing Corporation, which helps support home ownership and affordable housing -- $3.0 billion;
                      2 Canadian Broadcasting Corporation -- $1.8 billion;
                      3 Atomic Energy of Canada Limited -- $1.7 billion and,
                      4 Canadian Commercial Corporation -- $1.6 billion.


                      http://www.fin.gc.ca/tax-impot/2011/html-eng.asp

                      List of Canadian Crown corporations
                      Federal

                      Atlantic Pilotage Authority
                      Atomic Energy of Canada Limited (AECL)
                      Bank of Canada
                      Blue Water Bridge Authority
                      Business Development Bank of Canada (BDC)
                      Canada Council for the Arts (Canada Council)
                      Canada Deposit Insurance Corporation
                      Canada Development Investment Corporation
                      Canada Employment Insurance Financing Board (CEIFB)
                      Canada Lands Company
                      Canada Mortgage and Housing Corporation
                      Canada Pension Plan Investment Board
                      Canada Post Corporation
                      Canadian Air Transport Security Authority (CATSA)
                      Canadian Broadcasting Corporation (CBC)
                      Canadian Commercial Corporation
                      Canadian Dairy Commission
                      Canadian Museum of Civilization
                      Canadian Museum of Nature
                      Canadian Race Relations Foundation
                      Canadian Tourism Commission
                      Cape Breton Growth Fund Corporation
                      Defence Construction (1951) Limited
                      Enterprise Cape Breton Corporation
                      Export Development Canada
                      Farm Credit Canada
                      Federal Bridge Corporation Limited
                      Freshwater Fish Marketing Corporation
                      Great Lakes Pilotage Authority
                      International Development Research Centre
                      Laurentian Pilotage Authority
                      Marine Atlantic Inc.
                      National Arts Centre
                      National Capital Commission
                      National Gallery of Canada
                      National Museum of Science and Technology
                      Old Port of Montreal Corporation Inc.
                      Pacific Pilotage Authority
                      Parc Downsview Park Inc.
                      Public Sector Pension Investment Board
                      Ridley Terminals Inc.
                      Royal Canadian Mint
                      Standards Council of Canada
                      Telefilm Canada
                      Via Rail Canada Inc.


                      But no more Air Canada or Petrocan.

                      http://en.wikipedia.org/wiki/Crown_c...n_corporations

                      Comment


                      • Re: Canadian Income Distribution

                        This may the single funniest thing ever written on this board.

                        Originally posted by Erik Malmsten View Post
                        Where your federal tax dollar goes: Summary

                        1 Canada Mortgage and Housing Corporation, which helps support home ownership and affordable housing -- $3.0 billion;

                        "Tom is a well known racist, and like most of them he won't admit it, possibly even to himself." - Ed Seedhouse, October 4, 2020.

                        Comment


                        • Re: Canadian Income Distribution

                          Originally posted by Tom O'Donnell View Post
                          This may the single funniest thing ever written on this board.
                          The increase in CPP premiums and limits to bail out the defined benefit pension plans is also pretty funny.

                          http://opinion.financialpost.com/201...ll-on-big-cpp/
                          Gary Ruben
                          CC - IA and SIM

                          Comment


                          • The Less Than 1% Identifed: World Income Distribution

                            85 people have as much wealth as the poorest half of the world: http://www2.macleans.ca/2014/01/21/t...-in-the-world/

                            Bob A

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                            • Canadian Minimum Wage : A Problem? : Canadian Income Distribution

                              [QUOTE=Bob Armstrong;72648]From CBC.ca, Sept. 11/13:

                              Wealthiest 1% earn 10 times more than average Canadian

                              The richest of the rich in Canada earn about 10 times more than the average Canadian income of $38,700 and are generally married, middle-aged, white men, the final release of data from the National Household Survey shows.

                              Is this a problem? If so, why?

                              Bob A

                              ...........QUOTE]

                              'Working for nothing': Canada joins global minimum wage debate : http://www.theglobeandmail.com/repor.../?click=tglobe

                              Bob A

                              Comment


                              • A "Tax the Rich" Policy is Economically Sound

                                Taxing the rich is good for the economy, IMF says: http://news.ca.msn.com/top-stories/t...onomy-imf-says :D

                                Counters prevailing conservative economic theory.

                                Bob A

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