I love this sentence!! I might get a T-shirt that has this phrase. I might sell this T-shirt to others.

If I sell the T-shirts, do you want royalties V996??

 

Isn't communism the epitome of income equality? Everybody get paid the same even if doing vastly different jobs. Where is the incentive to educate yourself, work hard, and get properly compensated for it?

OTOH, in a free country you get rewarded for what society/ market is willing to pay.

Where is the happy medium?

 

He only gets half the royalties. The other half goes to the bum I see regularly who begs for money (who BTW, fakes his limp and apparently lives in a house - true story). That's how socialism works.

 

We do a lot of miles - 40k km a year - so I've been told an expensive turbo is out. Looks like it's gonna be a Ford Edge. If the "she who chooses the colour" picks white, I'm gonna install Martini decals so I can attend the GTG's. Oh ya, and do you think Justin is going to be as bad a PM as Pierre - the worst PM in Canadian history? Me thinks the seed won't fall far from the tree.

 

Why not a Jeep diesel but looks like you have your mind up to really go cheap.

 

Like it or not,(and I do not),the people have voted. The victory mathematically was more of a swing from NDP to Liberal votes rather than a huge loss of conservative voters.
So,here we are.

I have many fears for the future and net foreign disinvestment in Canada. We have an ageing population and we will tax the smaller active population. We are uncompetitive in labour costs and if you look at this province we have gone from a low cost to high cost energy producer Wynne was warned by both marchione of Fiat and by Ford. Now we add a new layer or tax and new debt,we are exposed when interest rates rise. I know Many people with good incomes and expensive homes but big mortgages. I don't expect much sympathy here if they get caught in a downturn but everyone will suffer in a housing crash. I am sure it is coming. Not much to be done now. We have a government duly elected ,- the puppy caught the truck. Evidently many do it to share my view and they have the government they wished for on both the country and the province.

 

Winners do not have a chip on their shoulder. I was just pointing out why the Reform Conservatives lost. Their bigotry, racism, wedge and fear politics, general nastiness were the motivation for the 71% of the population who wanted that party out.

Teniecke, the Conservative campaign spokesperson was on the CBC Newsworld political program this evening and admitted they spent 20 million on the "Just not Ready" ads. And we all know how that worked out. Reminds me of the Brazeau vs Trudeau boxing match. Another example he wasn't ready.

They would have done better spending that money pushing the things they did right.

The result is that they are reduced to Alberta and their rural small town base in six provinces. To add insult to injury, the conservative party is now deep in debt. The Liberals spent less than half of the Tory budget. A positive message is much less expensive since there is no need for personal attack ads.

All big cities across country are red with a light sprinkling of orange with the exception of Calgary and Edmonton.

If it takes ten inklings for a clue, take this as an inkling.

By the way, is Cambridge a small town?

 

Please explain, oh font of economic knowledge, how income inequality derives from inherited wealth and how this will be corrected by a "tax intervention" given:

1. Inherited wealth is not income and therefore by definition does not directly contribute to income inequality.

2. Inherited wealth is not taxable in Canada.

I eagerly await your enlightening and economically educated reply.

 

I hope not but who knows.

 

Come on now children. Gather 'round.
Blue ribbons for everyone!
BTW, when do I get my blanket?

 

There is a happy medium, the most skilled should still be making more than the average person and I'm certainly not arguing against that at all. But currently the balance has swung too far.

First part is anecdotal evidence and stereotyping.

Valid concern about the government forcing you to give if you are already giving, but at the end of the day we can't rely on the goodness of rich people's hearts as evidenced by soaring income inequality which is harming the economy of the nation.

I don't care about your personal sob story about how you worked hard and now the government is taking your money, since you don't care about stories of impoverished people who you stereotype as non-hard working. Since we don't care, please, on a nationwide statistical basis, provide an explanation of how income inequality such as CEOs making 100 times as much as the average worker was fairly achieved and how income inequality does not harm the economy as a whole.


This has nothing to do with envy, it has to do with economic health of the country. And I don't care about your personal sob story about how you worked hard and now the government is taking your money, since you don't care about stories of impoverished people who you stereotype as non-hard working. Since we don't care, please, on a nationwide statistical basis, provide an explanation of how income inequality such as CEOs making 100 times as much as the average worker was fairly achieved and how income inequality does not harm the economy as a whole.

Yes it does have a lot to offer, that doesn't mean we should stop pushing for more progress. If people had this mentality 150 years ago, we'd still be working in the coal mines as children.

What is the incentive to take risks and be an entrepreneur if there is not a social safety net to catch you if you fail? The vast majority of entrepreneurs fail and it's because of our existing safety nets and bankruptcy laws that people even try at all. Why not go further? Again, check out countries like Denmark which has a very healthy GDP in spite of basically being a welfare state. Maybe there's something to it?

Lol. I'm simply arguing with the people in this thread who seem to think socialist ideas are automatically bad. Did you read their posts?

 

I totally acknowledge that it takes money away from people who earned the income. I'm saying it is very difficult to justify that a CEO is worth 100 average workers in his company, or that they need that kind of enormous wealth. We live in a rich country and everyone should be well taken care of. And rationally it can be argued that income inequality is harmful overall to the economy so it is good policy as well.

Yes I used some anecdotes, I was just countering that these stereotypes are not true for all people. One anecdote is all you need to combat a stereotype that is applied to a group of people. In contrast, one anecdote does not make a stereotype of an entire group true.

Very nice, pulling the description from one of the OECD's subpages instead of their main mission statement. Do you know anything about the OECD dude? Like seriously. It's been around for 50 years and is one of the main drivers of economic policy on the planet in all aspects, not just equality. Lol.

You want another source? The IMF also argues income inequality is bad as well: "in 2011, International Monetary Fund economists showed that greater income equality—less inequality—increased the duration of countries' economic growth spells more than free trade, low government corruption, foreign investment, or low foreign debt."

http://www.brookings.edu/blogs/futur...-refugees-cali

http://globalnews.ca/news/2228972/re...onomic-burden/

Agreed, there should be an estate tax.

Also, most extremely wealthy people hold sizable investments in the stock market, and...

"Canada: abolished inheritance tax in 1972. However, capital gains are 50% taxable and added to all other income of the deceased on their final return"

 

Ronan of course is correct about the short and long term risks to our economy but my biggest concern, and complaint with the Harper government, is they failed to amend the Canada Health Act and allow provinces to open up health care to the private sector. With the Liberals in power there is no hope of fixing our bottom of the barrel Soviet health care system. If you can't afford US health care, you could be pretty screwed. And that's why were getting an Edge instead of a Cayenne Turbo.....Prince of Blends or what 'eh?

 

V996, I think I get it now. You have been sent here by North Korea to pollute our pages with socialist propaganda. Is it true that Kim Jong-un does not have an *** hole?

 

Self employed don't get access to all the perks of the social safety nets...what are you talking about!???? Business goes bust owner is screwed.