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Will you still emigrate when the Canadian recession kicks in?

Will you still emigrate when the Canadian recession kicks in?

Old Sep 29th 2011, 4:39 pm
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Almost Canadian View Post
What is wrong with the wealth of Bill Gates? Doesn't he give huge amounts to his foundations/charities? Are you suggesting that he should give it to Government so that they can spend it on the military?
Bill Gates is a poor example - whatever your view of his products, it's clear that he has created wealth for many many people and that lots of people have jobs because of him. The CEO of the Bank of America for instance, not so much. Lots of people don't have jobs because of him and he still got his hands on loads of government cash,

The fact is that wealth disparity eventually leads to civil unrest. AC, ask yourself this, what is the economy for? Why do we have one?
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Old Sep 29th 2011, 4:44 pm
  #167  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by iaink View Post
Here we go again.

No, Im suggesting that the wealthy should for starters pay the same % tax overall that the middle and low income earners do. As it is they pay about half as much because their income is not derived from "employment". I just want a level playing field for all.

Government will spend money as governments do, but it will take some of the onus off those that can least afford it and that will change their quality of life for the better. The super wealthies quality of life wont change one iota.

The way that taxation and financial regulation has changed in the last 30-40 years in order to favour the super wealthy is an absolute scandal, with extremely widespread implications. Just look at your history books if you think that any great civilisation will last forever.
I don't believe that I have ever stated that any great civilisation will last forever, or that I believe that the US is a great civilization.

What is a "level playing field for all"? A flat tax rate? A progressive one? One that only taxes income? One that taxes capital?
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Old Sep 29th 2011, 4:44 pm
  #168  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Kiwilass View Post
I thought the US was the 5th largest immigrant group to Canada...there were some Americans getting sworn in as Canadians when i went to my ceremony.
I have to say I was highly suspicious of my citizenship ceremony because there weren't any Chinese or Indians at all but there were loads when I took the test. I'd say more than half were Chinese. But anyway, these are the stats: http://www.cic.gc.ca/english/resourc...rmanent/10.asp

So yes, Americans are fifth, but given that they are our neighbours and they're still outnumbered by British people, not really represented in the way you would expect. (And I'm willing to bet Americans who do get permanent residence here do it through the family class to a higher degree too, although I can't find a table for that).
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Old Sep 29th 2011, 4:50 pm
  #169  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by MikeUK View Post
My expectations are that the offer that would come from the US would to all intention be a proposal that dissolves sovereignty of the absorbed small countries into a bigger US lead group.

When the neighbors have the climate and resources they need, and they are still in major position of power, and we are still beholden to their economy, I don’t see us having much ability to object. Whilst they don’t need us, or want us and can get what they want at the price they’re willing to pay we’re fine. But just like the big corporate world if you can afford to buy out your supply chain and vertically integrating will help you survive, then you’ll do it.
These were the sorts of views put forward in the US around 1812 and during the Civil War when a lot of slaves were escaping to Canada. Didn't happen then, won't happen now. It's a really old argument. I think people forget just how contentious NAFTA was in the US and how even now the US doesn't really comply with the provisions of it (e.g. the "buy US" provisions in the stimulus Act).

The US is not as powerful as it thinks it is. Countries aren't corporations either, more factors to consider. http://opinion.financialpost.com/201...s-is-bankrupt/
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Old Sep 29th 2011, 4:52 pm
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Almost Canadian View Post
I don't believe that I have ever stated that any great civilisation will last forever, or that I believe that the US is a great civilization.

What is a "level playing field for all"? A flat tax rate? A progressive one? One that only taxes income? One that taxes capital?
This is what I'd do if I was in charge:

Progressive taxation on income tax with maybe two or three bands (but no zero band and certainly no tax credits for anything at all, certainly not for activities like decorating your house, going to college, or having kids). No capital gains tax. Any investment held for 3 years or more can be sold tax free. Prior to this, profit counts as income. No asset (including housing) is exempt.

No other levies or taxes. Probably no corporation tax or payroll taxes.

Capital shouldn't be taxed as capital formation is (well it should be) a fundamental underpinning of the free market. True wealth comes from capital and not from borrowing.

Last edited by Alan2005; Sep 29th 2011 at 4:56 pm.
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Old Sep 29th 2011, 4:53 pm
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Lemonfish View Post
I'm wondering if similar considerations would apply today? Absorbing a country with 10% of your population, most of whom are more 'liberal' than the average American in terms of social opinions and also more inclined to support bigger government could put the average 'merkan off.
They can't even integrate Puerto Rico!!! Always makes me laugh when some conservative tosspot on Fox News or whatever goes on about making English the legal national language of the US with a constitutional amendment or whatever. People in Puerto Rico and indeed other parts of the US don't speak much English.
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Old Sep 29th 2011, 4:56 pm
  #172  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Alan2005 View Post
Bill Gates is a poor example - whatever your view of his products, it's clear that he has created wealth for many many people and that lots of people have jobs because of him. The CEO of the Bank of America for instance, not so much. Lots of people don't have jobs because of him and he still got his hands on loads of government cash,

The fact is that wealth disparity eventually leads to civil unrest. AC, ask yourself this, what is the economy for? Why do we have one?
I have no idea what the economy is for, or why we have one. I honestly don't. I earn money, I spend it, I save for my retirement. I suggest that others do likewise. I am very simple and I lead a simple life. I leave debates on what is the right balance for others that are way more cleverer than me. I really do. I object to sweeping statements and I argue the side that I believe most won't, simply for something to do on slow days. Some have realised this, some believe I am the devil.

I can't wait for those that, for example, have properties on two continents, to weigh into this debate. I state Bono Syndrome applies

Last edited by Almost Canadian; Sep 29th 2011 at 5:12 pm.
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Old Sep 29th 2011, 5:51 pm
  #173  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Almost Canadian View Post
The father slowly smiled, winked and said gently, "Welcome to the Republican Party."

Knowing that his dad had been to his school years before and had later made a heafty donation that had got his GPA2.0 upto a GPA4.0 as he realy understood what old money could buy ...
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Old Sep 29th 2011, 7:31 pm
  #174  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Steve_ View Post
I have to say I was highly suspicious of my citizenship ceremony because there weren't any Chinese or Indians at all but there were loads when I took the test. I'd say more than half were Chinese. But anyway, these are the stats: http://www.cic.gc.ca/english/resourc...rmanent/10.asp

So yes, Americans are fifth, but given that they are our neighbours and they're still outnumbered by British people, not really represented in the way you would expect. (And I'm willing to bet Americans who do get permanent residence here do it through the family class to a higher degree too, although I can't find a table for that).

well, this is purely anecdotal, but the american immigrants i know came here as skilled workers. and they came because they wanted to leave the US.
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Old Sep 29th 2011, 9:36 pm
  #175  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by trevorandjo york View Post
What do you want, more money, more time to yourself, stop spending your time on here and earn some money elsewhere! Perhaps then you would be in the elite 1%. Stop moaning about it, or, do something about it.
Youve missed my point, its not about me selfishly wanting to be in the 1%, not everyone can be in the 1%, kind of by definition Its about taking care of the bottom 20% and stopping the top 10% screwing over everyone else because of their wealth and associated political influence.

For me its about having a society where everyone has a decent quality of life, and you simply cant do that where a small proportion of people have more than that could ever possibly spend in 100 lifetimes, while others work hard to get by and fail because the system is tilted so far in favour of the wealthy.

Taxing the wealthy is not going to impact their lives any, they can still keep score of how clever (or lucky) they are to be great investors or industrialist by taking home huge salaries and bonuses, but they can give some more of that back so that those at the bottom can have a decent standard of living too, they cant possibly spend it all anyway. Carlos Teves' $300k a week is peanuts to the people I am talking about.

Stop moaning and do something about it?... great advice, I wish I had a clue how to go about dismantelling the current economic and political patronage system, its rather a daunting task. Some smartarse will no doubt say if you care that much give up more of your paycheck to help redistribute the wealth, but frankly what I could do to help is insignificant, I could be taxed at 50%, but I dont think that extra money is going to have much impact compared to taking 30% of what the Westons and Thompsons of this world earn in a year.
Maybe educating others as to the scale of the problem is a start...



Originally Posted by Almost Canadian View Post
I
What is a "level playing field for all"?
I dont really know, but looking at the situation based on US stats I know what has snuck in there is obscene.

Off the top of my head Id say leave my tax burden where it is, tax the poor less, tax the extremely wealthy (those whose income far exceeds what they could spend in several generations) more, properly fund social services like childcare and education and full healthcare that make life better for everyone and provide a safety net and future oportunities for the next generation based on ability and not parental wealth, regulate the markets better, and do something for business to encourage them to stop shipping jobs off shore. Then figure out a way to close the many tax loopholes that are clearly out there that the wealthy can pay smart accountants to exploit. Whats that? NDP? Green, Socialist Worker?

I guess we are all doomed by global warming in the long run anyway, so I should just relax and have a beer and forget all about it.

Last edited by iaink; Sep 29th 2011 at 9:54 pm.
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Old Sep 29th 2011, 10:09 pm
  #176  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by iaink View Post
and have a beer and forget all about it.
Have the Beer (Canadiain please) this may help me at least move a little closer to the 1%
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Old Sep 29th 2011, 10:47 pm
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Default Re: Will you still emigrate when the Canadian recession kicks in?

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Old Sep 29th 2011, 11:03 pm
  #178  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by dbd33 View Post
.
Don't you run a corporation?
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Old Sep 29th 2011, 11:09 pm
  #179  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Almost Canadian View Post
Don't you run a corporation?
Yes, and that's from the facebook page of an employee of a client, one of the world's largest and most rapacious corporations. Still, it made me smile.
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Old Sep 29th 2011, 11:42 pm
  #180  
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Default Re: Will you still emigrate when the Canadian recession kicks in?

Originally Posted by Steve_ View Post
I have to say I was highly suspicious of my citizenship ceremony because there weren't any Chinese or Indians at all but there were loads when I took the test. I'd say more than half were Chinese. But anyway, these are the stats: http://www.cic.gc.ca/english/resourc...rmanent/10.asp

So yes, Americans are fifth, but given that they are our neighbours and they're still outnumbered by British people, not really represented in the way you would expect. (And I'm willing to bet Americans who do get permanent residence here do it through the family class to a higher degree too, although I can't find a table for that).
Are we talking about US citizens or individuals living in the US (H1-B) ?

UAE ranks eighth..............mostly likely because of the huge Southeast Asian and Arab expat community living there.
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