The 1% are those that have off shore tax havens and pay single digit % on taxes. Who wont share that wealth in the country it's made in.

Everyone else is the middle class, the people that actually spend money locally and hire people are NOT the 1%.

I thought the 1% are just people's total taxable income that are > than the 1% of Canada which is like somewhere around $230k?

Well, as I said during the lead up to the election, the 1.5% tax break is hardly for "middle-income" Canadians, as the people who see the most benefit from it are those who make between $90k and $200k and you have to make at least $45k to save anything (with a roughly $50k median income, that means half the population will see $0 to $75 in tax savings).

He also eliminated the general spousal tax allowance (which allowed an individual to transfer up to $50k in taxable income to a spouse to be declared at a lower tax rate; now only certain demographics can use it) and reduced the maximum to the tax free savings accounts.

The new tax bracket starts at $200k, so once you've made over ~$215k/year, you're now paying more (unless you used to take advantage of the aforementioned policies, then it may be a lower income where you're paying more).

All-in-all, it's a money shuffle from high-income earners to not-quite-as-high income earners, so I don't really believe that to be fair, no.

As much as people hate those in the C suite, I don't think they want the government to go after then. Put emotions aside and think about it. Anyone that has a retirement fund will own shares in these companies. You want those companies to do well to pad your own retirement and for that to happen, you want a good CEO in charge of those companies. The insane compensation that they receive is so they will stay with the company and not jump ship to another company that will pay them more.

For example, as ironic as it seems... people hate big tobacco but have a look at any retirement fund. Many of them have big positions in Altria and Vector Group. They should want big tobacco to do well.

If someone buys enough shares in Telus, sooner or later they won't be complaining about the company because the dividends will be paying the Telus bill... It's like getting the services for free.

I can agree that people don't want these companies to fail because their pensions depend on it, that is it. Full stop.

I can not agree that their compensation is relevant to their expertise and experience, or smarts. Some of these guys can be total dumb fucks (see: Carly Fiorina et al.). It does not take a genius to figure out how to raise profits for a company. The method is simple and can be summarized in these examples:
- "lets bundle shit together and sell the package as expensive as possible"
- "lets raise the rates on our most loyal customers by a couple bucks without warning every so often"
- "lets use the excuse that exchange rates are really bad for Canadians, so we need to increase the rates"(<-- yes that actually happened)... Too bad they don't lower the costs when our exchange rate is doing well in comparison to the American Dollar though.
- "Lets charge $120/month for 6 gigs of data"<-- this can be purchased for 10 bucks in Indonesia with just as good signal quality as we have here. A quick look over at our neighbors down south show: https://www.virginmobileusa.com/plans.html#terms ... unlimited data for $50 bucks

If these CEO's are smart at anything, they were smart to team up together. The telecoms here are a giant mafia. They've basically banded together in a group called the CRTC. Thats why all the prices you see for cable/internet/phone services are more or less identical, regardless of the provider. Remember how the government was considering placing a tax on Netflix? I wonder where that idea came from...

The reason they pay themselves so much is because they can, and so, they will. They've tricked the government into protecting their own jobs with propaganda and to keep their salaries inflated. With these inflated salaries, they buy out our politicians to protect their careers, and their ridiculous salaries.

SO yes, these guys need to be hunted down, and taxed.


EDIT:
Sorry, totally Off-topic now from the title of this thread.

If you think it is so simple to be a successful CEO of a publicly traded company with thousands of employees, then why aren't you one? That's like saying it's easy to be an electrician because all they need to do is deal with three wires and connect them in various ways. Or it's simple to beat Michael Phelps at the Olympics - all you have to do is swim faster.

-Mark

Back to the topic.

Had a chat with a couple of realtors over the weekend. Detached is taking longer to move, but the condo market is still fierce. Friends of ours recently bought a townhouse on Burke Mountain and got it below asking. Properties priced around 750-800k or below still seem to be moving, albeit at a slower pace.

It looks like Selina Robinson, new Minister of Housing, is taking some shots from trolls on Twitter (should view the whole thread):

What the fuck is wrong with politicians these days. I can't believe they're so unprofessional to be having arguments on fucking Twitter with fucking spelling mistakes and all.

Whatever. She's been on the job for how long? Screw that guy. Policy can't change overnight.

just look at Trump and his twitter and he is the president of US:okay::okay::okay:

Social media is a necessary evil for any public figure these days. Most social media accounts are managed professionally, but it looks like she's actually behind this one herself. I guess the trolling got to her - it probably would for most people. The spelling errors were probably due to the 140 character limit.

On the other hand, we get the politicians we get because it's a shitty gig that commands no respect.

Lots of NDP supporters actually own homes worth millions. It was foolish for the angry horde to think they were going to have change overnight.

The housing minister has mortgages on 2 properties, she ain't going to sink the market folks.

Nobody should be "sinking" the market. That isn't going to help anyone. And a political suicide move. It should be stabilized so that people don't have to worry about whether they should buy now or in 6 months.

Her post is 110 Characters. To Fix all the errors would make it 118 characters. So no, she's just fucking retarded.

I disagree that Twitter is a necessary evil to be a politician, and I'm pretty sure most politicians would benefit not having one, or would at least not benefit from using it in any other capacity rather than professionally.

I only see 1 gleaming spelling mistake. St instead of at. wld obviously is short for would.

Same over here in Victoria. The market is calming down and becoming more balanced if not a buyers market.

My next door neighbour just sold his place 3 weeks ago for 620k, that's 110k over 2016 assessment but 30k less than ask.
(He listed at 690k in June, but dropped to 650k in July)
I think that initial price was overzealous pricing on his part to be honest, 1950's indoor cigarette smoker house that needs LOTS of work.
I don't think Victoria's market ever got crazy enough that anyone would have ever bought his house at 690k, even last year.

Equifax hired a music major as chief security officer and she has just retired - MarketWatch

Maybe you can explain to me how a music Major became in charge of data security. Unfortunately, I am not privileged enough to have family members to set me up for those lofty jobs.

In Vancouver, older homes that were purchased by builders and flippers at the peak which I would say was last June are losing anywhere from $50k-$100k. However, some properties in good areas or have good lot size are still selling at ask or a bit over.

There is deals to be had but imo prices are still too high and I would wait until next year. A lot of sellers and realtors haven't woken up to the new reality which is no one is going to pay $1.8m+ for a tear down in south Vancouver.

Has anyone renewed their mortgage lately? I got offered 3.04% 5yr fixed, seems a bit high to me

^ take it. Its a good rate in todays market

Take that deal in a heart beat imo

Didn't want to start a new thread for this, but...

https://globalnews.ca/news/3760374/h...and-title/amp/

Someone who doesn't want to pay taxes, utilizing the system taxes pay for, to argue how her stupid decision to dodge taxes is causing her headache.

The irony is rich.

Perfect, admitting to tax fraud. Can we get the 15% and throw her in prison now?