Canada

originalucifer Admin , in Let’s Set a Maximum Wage for the Rich | The Tyee
originalucifer avatar

you dont need a max wage if you tax effectively. it would be 100% past a certain, massive amount.

grte OP ,

That's exactly how the article suggests setting the maximum.

Rodeo ,

"Wage" is rather poor wording then.

villasv ,

Anyone with two brain cells can understand that it's a wordplay on "minimum wage" and the implementation of this isn't really going to rely on the narrow definition of wages.

Rodeo ,

It seems unwise to rely on the uneducated masses to interpret things correctly. Perhaps clearer communication would be helpful.

villasv ,

That's why there's a whole text with explanations right below the headline

TheBat ,
@TheBat@lemmy.world avatar

There are more words????

Rodeo ,

As you can see, lots of people don't read those explanations.

Perhaps clearer communication would be beneficial.

overzeetop ,
@overzeetop@lemmy.world avatar

Wage is worthless wording. Most ultra rich don’t have wages - at least not relative to their change in worth. We need to change how taxes fundamentally work.

DeathbringerThoctar ,

That just sounds like a maximum wage but with more steps.

originalucifer Admin , (edited )
originalucifer avatar

its actually a max wage with fewer steps. no need to have a max wage definition at all, just extend current tax practices.

e. less to fewer, because details matter

Maeve ,

Plus it actually could be used to do something* crazy, like help people or the environment.

  • Autocorrect awesome sauce
NABDad ,

If the U.S. managed to do it, they'd use it to build up the military.

Maeve ,

Iirc DoD... Yeah, never passed an audit

criitz ,
originalucifer Admin ,
originalucifer avatar

thanks!

maxprime ,

How does that work when the super rich don’t pay any taxes to begin with? How do you tax wealth? How do you tax loans against shares?

originalucifer Admin ,
originalucifer avatar

in the united states, there were all kinds of 'wealth' taxes that prevented the loop holes. all that was systematically deleted over the last 60 years as conservatives decided 'me want money, fuck society'

Sir_Osis_of_Liver ,
@Sir_Osis_of_Liver@kbin.social avatar

The top marginal tax rate in the US peaked in 1951 at 92% on income in excess of $400k (joint filing two income), the equivalent of about $4.7M in today's money. That should come back.

whotookkarl ,
@whotookkarl@lemmy.world avatar

That or a general property tax to prioritize incredibly wealthy people to prevent grotesque capitalism mutants like billionaires instead of income tax which the working class primarily earns by. We've had them before under similar conditions before the income tax along with anti trust suits to break up monopolies.

dangblingus ,

Easy, make capital gains tax match income tax marginal rates.

maxprime ,

But capital gains only execute when you sell.

originalucifer Admin ,
originalucifer avatar

all stock market trades should be taxed at 100% value. dont like it? dont gamble 'invest'

LostWon ,

...or just abolish the stock market (at least that's how I read this).

dangblingus ,

At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.

LostWon ,

And no doubt every other closely-tied economy, as well.

helenslunch ,

Do they get a tax refund when they take a loss as well?

dangblingus ,

Right. So when they sell, they'll get taxed. You can't spend shares.

maxprime ,

The problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.

UmeU ,

And watch the few remaining small businesses who are operating on a shoestring budget and are the only ones actually paying capital gains get eaten up by the large corporations who offshore their gains. Small businesses who have debt aren’t able to write off principal debt payments so on the books they make money that they pay tax on, but in reality they just gave that money back to the bank to pay off ‘business assets’ which aren’t worth shit when the business isn’t making money. So they make just enough money to pay the bank, then are hit with taxes for the money they paid the bank, and they float by in the red until the inevitable bankruptcy. If they are a franchise, corporate then comes in and sells the business to the next sucker who is willing to gamble on the false hope of the franchise model. Big corporate sells the business to a new ‘owner’ every 5 or 10 years, and the banks get another government backed SBA loan with no risk.

We are in the latter days of capitalism, increasing capital gains won’t work when the big guys already don't pay shit.

Mongostein ,

Make it illegal to use shares as collateral for a loan. If a person can pay back a loan, they can buy back the shares when they sell them because they need money. Now people are paying capital gains taxes.

maxprime ,

Ok but how are you supposed to do that when the most powerful and influential people in the world are the very people who rely on that method to maintain their power and influence?

Mongostein ,

Execution? 🤷🏻‍♂️

Nomecks ,

You tax holdings.

slowbyrne ,
@slowbyrne@beehaw.org avatar

Take a listen to the recent Grey Area podcast episode with Ingrid Robeyns. Her book is "Limitarianism: The Case Against Extreme Wealth." and they talk about this very subject.

Mongostein , in Refugee board orders deportation for trucker in horrific Humboldt Broncos crash

Ok, but what are we going to do about the lack of training in the trucking industry that led to this?

BlameThePeacock , in Refugee board orders deportation for trucker in horrific Humboldt Broncos crash

I still don't agree with this. What benefit to Canada by sending him back? It's not like he's going to re-offend.

His wife will be forced to abandon Canada after getting her citizenship to stay with him.

He committed a crime and he served his time. Let him resume his life. Maybe he can add something positive back to Canada however small it will be in comparison to our loss.

autotldr Bot , in Refugee board orders deportation for trucker in horrific Humboldt Broncos crash

This is the best summary I could come up with:


The truck driver who caused the horrific bus crash involving the Humboldt Broncos junior hockey team was ordered Friday to be deported to India.

“I can’t consider humanitarian and compassionate factors,” Trent Cook from the immigration division of the board, who oversaw the hearing, told Mr. Sidhu.

“My sole role today is to make a finding on whether the minister has established the facts that support their allegation that you’re inadmissible for serious criminality.

His lawyer, Michael Greene, had said the decision was a foregone conclusion, as all that was required to deport Mr. Sidhu was proof he’s not a Canadian citizen and he had committed a serious crime.

In 2018, the rookie truck driver, living in Calgary, barrelled through a stop sign and into the path of the junior hockey team’s bus at a rural intersection near Tisdale, Sask.

Mr. Greene said he plans to soon file an application asking the government to return Mr. Sidhu’s permanent-resident status on humanitarian grounds.


The original article contains 582 words, the summary contains 162 words. Saved 72%. I'm a bot and I'm open source!

corsicanguppy , in A commentary on Pretendians by an indigenous woman from Norway House - YouTube

It starts by asking a statement - or stating a question; you decide - and stays at "YouTube that could have been an op-ed with actual words but isn't."

voluble , in Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct

This is an encouraging step, and it's nice to see the heat being turned up on the grocery monopoly.

I think we need cost controls and compulsory transparency about pricing. What stick exactly are the grocery companies wielding to prevent measures like that from being rolled out? A federal government with vision and principles would have had a plan and gotten this done yesterday. Instead, we're waiting for the assent of megacorps to a non-binding code of conduct, which everybody knows is total vaporware.

I can see why people are disaffected by all the hand waving about 'competition'. Increased competition is probably part of the solution to the problem here. But it's not a valid starting point. It's a result of wise policy and good implementation.

sparkle , in Judge slams Quebec youth protection after Inuk teen placed in 64 different foster homes

SLAM

kent_eh , in Canada will reinstate citizenship rights to ‘lost Canadians’ - National | Globalnews.ca

Fixing yet another part of Harper's shitty legacy.

ininewcrow , in Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct
@ininewcrow@lemmy.ca avatar

Arsonist sets fire to five buildings, tells everyone, everyone knows, there are pictures of him setting fire to buildings, arsonist has posted multiple five minute videos of him saying he committed the fires, thousands of people have reported him as the arsonist .

Competition Bureau: we are launching investigations into who may have set these fires

Beaver , (edited ) in Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct
@Beaver@lemmy.ca avatar

Please do something towards the grocer cartel.

If the liberals don’t smarten up here we could end up with a conservative majority and lose all the hard fought progress.

Beaver , in Judge slams Quebec youth protection after Inuk teen placed in 64 different foster homes
@Beaver@lemmy.ca avatar

Poor kid is going to always have that in the back of their mind. “I have been adopted 64 times”

SplashJackson ,

Maria 64

shasta ,

Not adoption

ultratiem , in Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct
@ultratiem@lemmy.ca avatar

More tax payers dollars at work lmao

Hptyhop84 ,

Trash comment by a human dumpster fire

nikita , in Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct

What a shock that companies that own both real estate and grocery stores create favourable leases for their grocery stores. /s

Corngood , in Loblaws, Sobeys owners under investigation by Competition Bureau for alleged anti-competitive conduct

There's a Competition Bureau? In Canada?

ultratiem ,
@ultratiem@lemmy.ca avatar

It’s Bob. He’s got a budget of $200 a year. He does what he can. We like Bob.

sir_pronoun ,

Bob Loblaw, you say?

paulzy ,

Big fan of his law blog.

ultratiem ,
@ultratiem@lemmy.ca avatar

Oh, so you’re familiar with the Bob Loblaw, Law Blog?

Hobbes_Dent , in Judge slams Quebec youth protection after Inuk teen placed in 64 different foster homes

Less slam more court ordered systemic change would be good.

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