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Why Does the Left Hate Wealth ?


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Re 'How Tax Breaks Help The Rich'.

Rather than whine about how bad the little guy has it with respect to tax calculations on income, why don't the complainers band together and insist the Constitution be followed?

Generally speaking, the Constitution says that no man shall be taxed on his labour.

Rather than just claim the statement is bunk; find & produce the 'law' justifying the Government's taxing a US worker's earned income'.

A simple solution is available to the people; follow the Constitution and eliminate personal income taxes altogether.Following, there'll be no need for related 'deductions' .

A similar story applies in this Country as well.

 

 

 

 

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G'day Firefox.

Yes, I do agree with your video on free enterprise.  Where it veers from reality is that we are now in a society where those who have made money in the past are now in a position to influence the laws in their own favour.

So if free enterprise, which is a good thing, is to work the way it should, the rules should be even across the board.  Then everyone would have the same chance to succeed if they want to make the sacrifice.

They can't though, because the gang plank has been pulled up.

And as it said in your video, data driven research needs to guide reforms.

As we see in Washington, money is waging a war against science and facts.

 

 

Edited by deicer
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But we don't see whatever it is that you see in Washington Deicer.

Btw, it was your side that pulled up the gangplank on yourselves, so why would you be surprised that the rich are getting richer?

Rich guys still have a base to draw from, which allows them to fund personal growth.

You on the other hand willing gave the fruit of your labour away along with the future wealth of your children to fund all your pet left wing causes.

And now you have the nerve to complain and point fingers at successful people?

 

 

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I think a good question would also be, why does the right not want to share?

Should a person who makes $120,000 per year have a lifestyle 3 times better than someone who makes $40,000 per year?
Of course they should.

What makes up lifestyle?
Quality of home, transportation, food, entertainment. Maybe a couple of other things... protection against unforeseen circumstances.
 

The $40,000 earner can't afford a house, so we have to deal with rental comparisons.

Under the current tax system, a person making $120,000 nets $83,458 in Ontario. An average tax rate of 30%.

The person making $40,000 takes home $32, 028. An average tax rate of 20%.

Sounds terribly unfair. The high earner pays 10% more and only takes home 2.6 times as much as the low income earner.

But let's look into it further.
Let's say that a basic 2 bedroom apartment in Mississauga rents for $1500.
Basic food costs about $1000 for a family of 3.
That leaves $2,028 to buy clothes, get to work and the occasional movie. Forget the movie.
Not much of a lifestyle.
Let's let the high income earner rent an apartment for $3,000 per month. Easily arguable that this is a big upgrade from a $1500 apartment.

And let's let them eat premium food... $2,000 per month. You can only consume so many calories.

Their total base costs are $5,000 per month. leaving $23,458 in remaining funds at the end of the year. With that money, they could spend $700 a month on a car lease (BMW 5 series), go on a $5,000 vacation, go to a movie weekly and still have $8,500 left over.
I'd say that a car, vacation and weekly entertainment plus money to put into an RSP or TFSA could easily be considered 3 times .... more like 10 times... the lifestyle of someone who basically has zero above basic living expenses.

A $400,000 earner only takes home $218,000. They could live in a $8,000 per month apartment, eat $4,000 per month in food, have 2 BMWs and go out for a $200 dinner every week, take two $10,000 vacations and still have $28,000 left over. 

A million dollar earner takes home exactly half of their income. What will they  do with the extra $282,000 while the $40,000 earner sits at home pondering their fate if they get laid off or wondering how they will put decent clothes on their kids backs so they are not ridiculed at school.

Yet, the million dollar earner thinks that they are so hard done by by having to pay a higher share of their income.
 

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Or the 400k guy could go out, enjoy his money, build a cottage with local labour, buy a boat and have it serviced at the local marina, maybe put an addition on his house or have a new one built, with local construction guys. Go out and furnish the new house /cottagewith furniture, appliances, electronics from local stores....you know ..like what’s been happening in Yz.

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Gator. Please Please go ahead and Share to your hearts content, just keep YOUR hands out of MY pockets while enroute to your socialist heaven.

Anything other than a flat tax rate for ALL is nothing more than Economic Racism. Personally I am sick and tired of being penalized for working hard. The only way to bring people out of poverty is to give them a reason to improve, rather than an excuse to do nothing. I am a perfect example of what hard work represents. When I grew up I remember my mother having to choose between a pair of second hand shoes for one of us kids or groceries . Her answer was to Babysit 3 other kids on top of 5 of her own. Not ONCE did my parents go the whiny “Oh Woe is me “ route.

Your type of thinking is building a nation of dependant do nothings. Good luck with that when you run out of other peoples money to spend.

658B5C27-32AF-4A20-816D-48D70EED580C.jpeg

Edited by Jaydee
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On 6/18/2018 at 6:12 AM, Jaydee said:

keep YOUR hands out of MY pockets while enroute to your socialist heaven.

Every democratic country in the world uses a progressive tax system. It is not a socialist plot. It does not make everyone equal. Middle to high income earners still have vastly more options than low income earners in any progressive tax system.

Many low income earners in Canada work VERY hard, often working 16 hours a day for most of their lives. Yet they still can hardly make ends meet. The reason they work so hard is often so that they can provide for a better life for their children. Fortunately, most people whose lives are made better by others' hard work are willing to share their good fortune.

I have no need to reach into your pockets, Jaydee. I worked hard and made lots of money, saved and invested wisely, started a couple of companies outside my flying career, donated much to many charities and every time I complained to myself about how much tax I paid, I remembered how lucky I was that I had the opportunities that I had... mostly because of my parents' sacrifices and somewhat because I was born in Canada. I was also able to provide the same support for my children. I'm now retired and have the life experience to know that I am not wrong in my "socialist" views. I have no problem paying a higher percentage of my income in tax than someone who may never be able to get into the middle class, no matter how hard they work.

Many of those who have entered aviation in the past few years will make literally millions more than I did during my career, just because of the retirements and growth in the business. They are very lucky people. They did not "work hard" to create that situation. It took me 16 years to get to the right seat of the 767 and 19 to become a Captain. New hires go direct to the 767 and will be Captains, if they choose, within 5 years. Yet, I often found that some (a small number, fortunately) were apt to complain about pay and impatient about advancement. So, I may have flown with you.

Oh... and since your family was not well off when you were a child, I should point out that you were the beneficiary of the same progressive tax system that you now wish to deny others. I wonder what opportunities you might not have had had you been even more destitute under a flat tax system.

ST27.... the problem is that many high money earners do not spend their money hiring local workers. They often buy German cars, American boats and Asian electronics and buy homes in Florida or Arizona and take trips to other countries. Or, they just keep it, trying to make their pile of money even bigger by speculating in the stock market. And don't let anyone tell you that they are investing to help create jobs. They are investing to make money.

Edited by gator
changed "pro-rata" to "progressive"
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10 hours ago, gator said:

So, I may have flown with you.

 

I’m pretty sure I would have vividly remembered someone with your socialist mindset, so I highly doubt it.

For career preservations sake, I was subdued  about my political beliefs while working.

Retirement opens up a whole new world of “freedom of expression” as there is sfa an employer can do to someones future for simply voicing an opinion when out of the work force.

Edited by Jaydee
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14 hours ago, Jaydee said:

I’m pretty sure I would have vividly remembered someone with your socialist mindset, so I highly doubt it.

Conveniently ignoring the part about how the progressive tax system helped you and your family when you were young in a a low income family, but now refer to it as Economic Racism now that a flat tax would help you in your current tax bracket.

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7 hours ago, gator said:

Conveniently ignoring the part about how the progressive tax system helped you and your family when you were young in a a low income family, but now refer to it as Economic Racism now that a flat tax would help you in your current tax bracket.

I have been an advocate of a flat tax system for as long as I can remember. Think what you want, you will anyhow.

Edited by Jaydee
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Have we been so bamboozled that we're prepared to advocate on behalf of a system that unjustly taxes peoples income and then redistributes it to others; private banks being the number one recipient? 

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Good for you, gator....and your financial position.

But as far as high earners spending money offshore, they are many examples to the contrary in Muskoka, Thousand Islands, Whistler etc. The boats, cars still need local dealerships which employ people. The wealthy from other countries travel here and buy real estate too, so it is really a 2 way street.

If you prefer to give your income to government, fine. I worked hard to get where I am too...20 years for the left seat.

I would prefer it if Trudeau would keep his budgets in balance, as not all his tax revenue is spent “locally” for the benefit of taxpayers. 

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At least be fair when you tar with that brush, all the pigs feed at the trough...

https://torontolife.com/city/a-valuable-lesson-if-the-g20-is-coming-to-town-make-sure-you-live-in-muskoka/

An analysis of the spending in Muskoka in the run-up to the G8 summit—the one that preceded Toronto’s weekend of chaos and police powers known as the G20—shows that Tony Clement’s riding got stacks of cash dropped on it largely to make it feel better. Toronto’s ridings, none of which are represented by Conservatives, got bupkis.

“This legacy fund…has nothing to do with a legacy for the G8. It seems like a legacy to the minister. You did everything but build a statue to Tony Clement in the riding.”

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