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Old Oct 3rd 2017, 1:51 pm   #16
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Default Re: The next Prime Minister of Canada?

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Originally Posted by carcajou View Post
He does seem like an empty suit who governs based on what's trending on Facebook.
Or where he trends on Snapchat, if indeed trending is a thing on Snapchat.

Snapchat makes facebook and twitter seem scholarly.


https://www.vice.com/en_ca/article/n...hats-a-bargain
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Old Oct 4th 2017, 1:37 am   #17
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Default Re: The next Prime Minister of Canada?

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I don't think so. Wynne's continuing unpopularity is irrelevant outside Ontario - and while ON is important to the Libs (they won 80 of 121 seats last time) they also swept Atlantic Canada and the Territories, which don't give a fig about Ontario provincial politics.

And I have a feeling the tax bill will be old news by October 2019. Sure, the Tories will try to raise it as a stick to beat the Libs with, but (apart from a few complainy doctors, who I don't think command very much in the way of public sympathy) most considered commentary seems to think the tax bill is generally a good thing. It closes a loophole which currently tips the playing field unfairly in favour of those who incorporate simply to use the corporation as a vehicle to avoid tax on investment returns paid as personal income; at the same time it maintains the tax breaks for those who use corporate investment income to reinvest in the business. That seems pretty sensible to me.
I thought there would be enough lost seats in Ontario to affect his majority.

Farmers are also pretty anti the tax bill, or so my FB feed tells me, talking of tax rates of 75%
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Old Oct 4th 2017, 2:13 am   #18
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Default Re: The next Prime Minister of Canada?

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I thought there would be enough lost seats in Ontario to affect his majority.

Farmers are also pretty anti the tax bill, or so my FB feed tells me, talking of tax rates of 75%
You should look at the sources your FB friends are using. That 75% figure is exactly what the Tory playbook has put out there, and while it's not completely made-up, the contortions you'd have to go through to be taxed at 75% are ludicrous. In short, if an incorporated entity paid corporate taxes, invested everything that remained - without spending a dime on anything to grow the business or hire people or any of that sort of capitalist nonsense - and took every cent of that as income at the end of a 25-year term, then the total tax rate on that income would indeed be an effective 75%. But frankly, if that's the way you run a business, or a farm, then you bloody well deserve to be hit with a 75% tax. And, since there are more tax breaks along the way for business investment, the total amount of money you have at the end would be exactly the same as if a non-incorporated individual had invested the same amount.

There was, indeed, a news story a week or so ago about how the proposed tax changes would make it cost-prohibitive for a farmer to sell the business as a going concern to a family member of the next generation - but there is a specific exemption for exactly that scenario which the Opposition spokespeople conveniently forgot to mention when briefing the media.

I maintain that, by October 2019, people will have realized that it's actually quite a reasonable package of tax reforms and the much-vaunted "middle classes" (whoever they are) will likely be a little bit better off as a result.

FWIW, the Libs don't hold all that many rural ridings in Ontario. Much of the north west is orange, cottage country, rural Niagara and the farmlands of the south west are largely blue; the liberal strongholds are in the GTA and around the lake to Hamilton.
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Old Oct 4th 2017, 12:20 pm   #19
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Default Re: The next Prime Minister of Canada?

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...apart from a few complainy doctors, who I don't think command very much in the way of public sympathy...
According to the National Post, The Canadian Nurses Association supports the changes.

There has been somewhat of a 'backlash' here with a bunch of docs collectively signing a letter agreeing with the changes.
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