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Cake day: July 29th, 2023

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  • Better article

    Poilievre pushed back at Singh for not letting him answer the question and insisted that 200,000 homes were built during his ministerial tenure.

    Both figures aren’t entirely accurate. Singh’s claim that Poilievre only built six homes as housing minister refers only to non-profit community housing units built exclusively by the government in 2015. When you include non-profit housing built by others with federal government help, it’s more like 3,742 houses.

    But it’s hard for Poilievre to take responsibility for the 200,000 homes he says were built when he was minister. In the 2015-16 fiscal year, 194,461 homes were built in Canada in total, including by private developers.










  • Assuming he pays 25% tax, which i’d be very suspicious about, he’s about 2 million short of his current “fair share”.

    26 000 000 * 0.25 = 6 500 000

    26 000 000 * 0.33 = 8 580 000

    If he’s deferring till retirement, then likely his tax rate is less, and the bank is lending him money which he can spend freely and call a capital loss lowering his effective tax rate when he does incur those taxes.

    The thing about being this wealthy is you can afford to pay people to find ways to lower this rate.

    I don’t think i’m “mad” about this, but concerned. This kind of inequality leads to violent upheaval, and is currently the cause of a whole pile of unnecessary suffering. If we didn’t have people that were this wealthy and some of that money was distributed to say education, healthcare, UBI, we could all have a much healthier pleasant life.


  • There are so many people in Canada that make way more than this who just aren’t paying their fair share. We should also be doing more to tax assets other than income.

    People who take a salary – even a high salary, are most paying their fair share. I think they could make a reasonable argument that they pay way more than most (above 246752, 33% which is more than most people in the country).

    Compare that with the wealthy:

    From here

    CEO Tobias Lütke (who was paid a $1 salary but received more than $26 million in option-based awards).

    1$, meaning he pays ZERO income tax (he likely pays some taxes on his options).

    This is somewhat common for wealthy people, adding more brackets on income isn’t going get them paying their fair share.

    What I believe we non wealthy people want to see is a wealth tax.