• 0 Posts
  • 26 Comments
Joined 11 months ago
cake
Cake day: August 2nd, 2023

help-circle






  • Typical CPC behaviour since the party merger / Harper era:

    1. Blame the other guy and get into power based on outrage instead of actually having any policy;
    2. Make life worse for the poors by cutting public services;
    3. Lower taxes for corporations and the wealthy;
    4. Steal as much as possible via hiring all your buddies as “consultants” for shit that doesn’t need any consulting or have any consequences;
    5. Get fired because the same fucking chuds who voted you in are finally wising up;
    6. Start blaming the other guys about all the problems you just created;
    7. Repeat ad nauseum.










  • End the capital-gains exemption for principal residences. It’s even more untouchable than OAS. It’s also more economically harmful and inequitable.

    It pumps up housing prices and pushes more and more national wealth into housing. It’s dumb economics, plus the tax break only goes to the two-thirds of families who own a home. And the richer you are, and the more home you own, the bigger the tax break. It adds up to a hyper-regressive policy to make Canada less productive.

    Eh, I’m going to punt this one because it’s an asset that most people want to own, but housing is a necessity as well.*

    I’m going to counter with:

    • no non-human ownership of single family homes, no trusts, no corps, no foundations, etc.
    • no interest cost deductions against rental income for landlords
    • 50% of rental payments can be deducted against income for renters

    That way one perk of personal, principal home ownership is still there, but at the same time fucking landlords can piss right off, and renters get a major tax-reducing benefit to boost net income for what are usually lower income earners too.

    As policy it’s incomplete, but I think as ideas it at least will level the playing field a little bit.

    *Edit: Okay how about this: a lifetime principal residence capital gains exemption of…I dunno, $500k? Just thinking about the regressive comment where wealthier folks own bigger and more expensive homes, and this would target those hogs and leave the vast majority of normal Canadians untouched. And maybe incentivize people to not own a goddamn ugly-ass cookie-cutter McMansion, leading to a teensy bit more densification. Or at least leave more greenspace on a standard lot.