Any politician who publically admits they were wrong and they're trying to re-educate themselves on divisive topics is worth another look.
Say what you want about Farkas (I haven't ever really been a fan) but he does seem to love this city.
undercrust
joined 2 years ago
I'm okay with him bankrupting his supporters too
Just so it's not lost on anyone why they were arrested:
“We as American Jews will not be used, we will not be complicit and we will not be silent. Judaism is a beautiful, thousands-year-old tradition, and Israel is a 76-year-old colonial apartheid state,” Morgan Bassichis, an organizer with Jewish Voice for Peace, told the crowd.
“This is the Passover that we take our exodus from Zionism. Not in our name. Let Gaza live.”
Ah, a modest variation of the mushroom forager's creed
It would be really nice if the PostMedia group would get a little bit more subtle about the fact Corporate Canada is balls-deep in their ass on the regular.
Texting on a WiFi iPod, amazing
"Billionaire Nepo Baby Sitting on Massive Unrealized Capital Gain Windfall Upset He Will Pay Fair Taxes"
There, I fixed it for you.
Like how they explain the way he's started shutting down the seep of information in the article?
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.
Congrats! That sounds like a great change.
You're right, and this is an excellent idea. If you're turning an asset into a cashflow, it should be taxable under all circumstances.
Wow, gross