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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
I wouldn’t mind paying the 10%, but we already have a luxury tax in BC. It’s not fair for buyers in BC to be hit with double luxury tax.
And it actually hurts BC because buyers are taking advantage of the Alberta loophole. A perfect example is DDE, who bought a Revuelto from SR and registered it in Alberta. BC lost over $200k in tax revenue, and plenty of others are doing the same with luxury and supercars. That’s why I find it strange that BC didn’t fight to have the federal LST exempted in the province.
If you are talking about taxes, in terms of what PP boy refers to in his campaign slogans, the Cons are strongly in favour of the axing the carbon tax.
As for the luxury tax on car purchases for vehicles over a certain price point, that is a different story.
I highly doubt that the luxury tax for car purchases will be axed for high end cars bought in B.C.
This tax is for high end products that the wealthy can certainly afford to buy even with a 20 percent tax on vehicles priced at $150,000 or higher.
For example, I posted on the "Sick cars in Vancouver" thread last month of a picture of a Maserati MC20 couple that I saw in December.
An acquaintance bought a similar MC20, a new white coupe for just over $300,000.
He did not trade in his older coupe, a Jaguar coupe, as part of the purchase of the MC20.
He has the money to buy his Maserati. -can afford to sell his Jag at a later time. -did not complain at all about the luxury tax that he paid for his Maserati. He also did not consider buying his MC20 from a Maserati dealership in Alberta. Although he could have bought his MC20 from a dealership in Alberta in order to take advantage of the tax loophole, he chose not to do so. He bought his new Maserati from the local dealership's inventory. -no need to wait for the same car from Alberta haha.
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Last edited by pastarocket; Yesterday at 01:16 PM.
With the carbon tax, don't forget that a lot of people receive the carbon tax rebate. By axing the carbon tax, it would only make sense that the carbon tax rebate also goes away. Even when you ignore the Liberals gov's narrative that the average person collects more from the carbon tax rebate than they pay into it, roughly speaking, axing the carbon tax doesn't really put any more money back into your pockets.
Interestingly, bcos I live in BC and don't meet the income cutoff for the climate action tax credit, the carbon tax getting axed actually means I should see more money staying in my pocket.
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Originally Posted by westopher
The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid.
If you are talking about taxes, in terms of what PP boy refers to in his campaign slogans, the Cons are strongly in favour of the axing the carbon tax.
As for the luxury tax on car purchases for vehicles over a certain price point, that is a different story.
I highly doubt that the luxury tax for car purchases will be axed for high end cars bought in B.C.
This tax is for high end products that the wealthy can certainly afford to buy even with a 20 percent tax on vehicles priced at $150,000 or higher.
For example, I posted on the "Sick cars in Vancouver" thread last month of a picture of a Maserati MC20 couple that I saw in December.
An acquaintance bought a similar MC20, a new white coupe for just over $300,000.
He did not trade in his older coupe, a Jaguar coupe, as part of the purchase of the MC20.
He has the money to buy his Maserati. -can afford to sell his Jag at a later time. -did not complain at all about the luxury tax that he paid for his Maserati. He also did not consider buying his MC20 from a Maserati dealership in Alberta. Although he could have bought his MC20 from a dealership in Alberta in order to take advantage of the tax loophole, he chose not to do so. He bought his new Maserati from the local dealership's inventory. -no need to wait for the same car from Alberta haha.
Sure, cars are selling, but there are also many buyers who aren't purchasing which have impacted new car sales. Go on Rennlist, and you'll see how many buyers are opting for used Porsches instead of buying new ones.
As for him buying from Alberta or locally, it doesn't matter, he still has to pay the BC luxury tax if he's registering the car in BC.
As for PP keeping the luxury tax, it's a possibility, but there's also a chance he might axe it. He was in Richmond last month at a boat manufacturer whose sole purpose was to have him speak about removing the tax because it's impacting boat sales.
Not entirely true. Many buyers in the supercar market are opting to purchase used cars not only because of taxes and a slowing economy but also because new supercars are becoming excessively expensive.
Also, the major auto groups in Canada are lobbying and throwing their support behind PP so he will axe the LST. They wouldn't be lobbying if sales were robust and the LST had no impact.
Rich pay your fair share is vague statement and leads down a slippery slope as punishing people for success with specific taxes leads to either capital flight or a decrease in demand which results in job loss. France had to reverse their tax brackets.
That article harvey linked shows the federal tax collected so far will fund the DTES for just 1 month while increasing administrative costs.
What about the average joe who saved up his whole life to buy a 911 for retirement now gets slapped with a luxury tax? Or should a honda civic be luxury taxed as well cause owning a personal car is a luxury and you should ride transit?
We already pay luxury tax on cars over $55k, and PST on used cars. Massive property transfer taxes, speculation and vacancy taxes. Why cant we cut costs instead of constantly finding new tax revenues?
Don't blame the luxury tax on cars not selling blame dealers and manufactures on gate keeping. Also don't forget the flippers. People got sick of playing games and said fck it I'm not buying anything. For my GR Corolla I put a deposit down A year before. The car i got was not the spec or colour I wanted but there was nothing could do. They also tried to sell it to me for $70K. Nike is having the same problem. Shoe prices are dropping because people got sick of bots/resellers buying everything. Same thing with watches.
Hard to see but the sticker says $69995.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Rich pay your fair share is vague statement and leads down a slippery slope as punishing people for success with specific taxes leads to either capital flight or a decrease in demand which results in job loss. France had to reverse their tax brackets.
That article harvey linked shows the federal tax collected so far will fund the DTES for just 1 month while increasing administrative costs.
What about the average joe who saved up his whole life to buy a 911 for retirement now gets slapped with a luxury tax? Or should a honda civic be luxury taxed as well cause owning a personal car is a luxury and you should ride transit?
We already pay luxury tax on cars over $55k, and PST on used cars. Massive property transfer taxes, speculation and vacancy taxes. Why cant we cut costs instead of constantly finding new tax revenues?
Exactly. Taxation isn't the answer to out of control spending. The focus should be on better management of existing resources, not squeezing taxpayers further.
Luxury taxes and other similar measures often feel more like a quick PR move and virtue signalling than a long term solution. Instead of piling on taxes, governments should focus on streamlining inefficiencies, cutting waste, and ensuring that the funds already being collected are spent wisely.
Small businesses not investing back into their companies, larger manufacturing and commercial enterprises pulling out of Canada completely.
In b4 the spin
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Business investment in Canada has been so weak since 2015 that capital per worker is falling.
A longstanding gap between investment per available worker in Canada compared to the United States and other OECD countries narrowed from the late 1990s through the early 2010s, but has since widened to a chasm. In 2024, Canadian workers will likely receive only 66 cents of new capital for every dollar received by their counterparts in the OECD as a whole, and 55 cents for every dollar received by their US counterparts.
Second-quarter 2024 data showed that real GDP per Canadian had fallen for five straight quarters. As if that were not bad enough, the gap between GDP per person in the United States and Canada is widening, and GDP per capita in other Organisation for Economic Co-operation and Development (OECD) countries has significantly outpaced Canada’s (Figure 1), implying that Canada is becoming a less attractive place for talented people to live and work.
Would anyone be surprised by any of that?
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Dank memes cant melt steel beams
I don’t understand the hate for people who can afford more expensive things. If everyone were to reset financially at zero the broke people would return back to broke and the wealthy would return to wealthy. Same thing for obese people or people with sixpacks. There are greedy rich people and greedy poor people.
I'm hard right wing fiscally but I'm pleased Mark Carney announced today he is running for PM. His quote, "The federal government spends, but doesn't invest in Canadians" resonates with me. He's bringing a centrist approach and his credentials but too many people have tik tok attention span with "axe the tax" so I'm doubtful he'll win against PP.
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Originally Posted by sdubfid
I don’t understand the hate for people who can afford more expensive things. If everyone were to reset financially at zero the broke people would return back to broke and the wealthy would return to wealthy. Same thing for obese people or people with sixpacks. There are greedy rich people and greedy poor people.
Wanting people to be taxed appropriately isn't hating rich people. Like I hate billionaires like musk and bezos and shit because you don't get that rich without malice. I have plenty of respect for the 500k a year equipment sales guy or the plastic surgeon or the plumbing business owner. I still think people that can afford a lambo should be contributing exponentially more than the person who is 3 paycheques away from missing rent for the simple fact that it just doesn't leave them short of luxuries still, never mind the basics.
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Originally Posted by boostfever
Westopher is correct.
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Originally Posted by fsy82
seems like you got a dick up your ass well..get that checked
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Originally Posted by punkwax
Well.. I’d hate to be the first to say it, but Westopher is correct.
I'm hard right wing fiscally but I'm pleased Mark Carney announced today he is running for PM. His quote, "The federal government spends, but doesn't invest in Canadians" resonates with me. He's bringing a centrist approach and his credentials but too many people have tik tok attention span with "axe the tax" so I'm doubtful he'll win against PP.
I mean his resume should scream fiscal responsibility, calm and steady leadership, deep understanding of business and gov't, with a healthy dose of social conscience. He's got strong beliefs that are left wing but this is no bleeding heart liberal, this is a pragmatic, realist that's seen what works in a healthy economy (and that's investing in your people, redistributing wealth, addressing the future).
If he can tell that story and get above the sound bites/lies that PP tells he could have a slim chance of winning (the election is PP's to lose though). He's the most qualified potential PM in a long, long time.
What fiscal Conservative could legitimately say to make PP look like the better candidate? Or to justify voting for PP over Carney? Nothing.
I mean his resume should scream fiscal responsibility, calm and steady leadership, deep understanding of business and gov't, with a healthy dose of social conscience. He's got strong beliefs that are left wing but this is no bleeding heart liberal, this is a pragmatic, realist that's seen what works in a healthy economy (and that's investing in your people, redistributing wealth, addressing the future).
If he can tell that story and get above the sound bites/lies that PP tells he could have a slim chance of winning (the election is PP's to lose though). He's the most qualified potential PM in a long, long time.
What fiscal Conservative could legitimately say to make PP look like the better candidate? Or to justify voting for PP over Carney? Nothing.
You already have hondaracer regurgitating conservative conspiracy soundbites that he’s a davos WEF globalist (whatever that means) so carney has a very uphill battle
I don’t understand the hate for people who can afford more expensive things. If everyone were to reset financially at zero the broke people would return back to broke and the wealthy would return to wealthy. Same thing for obese people or people with sixpacks. There are greedy rich people and greedy poor people.
I think you underestimate how much generational wealth there is out there. also a lot of these successful people had all kinds of opportunities in their lives that poor people would have never had. the notion that most wealth is earned because wealthy people have some god given ability to be successful is total nonsense.
Last time a Harvard graduate tried to come in and save the Liberals, it didn't go so well.
Regardless, hopefully, he is in it in the long haul. I doubt any candidate will save the Liberals in the next election. If Libs aren't relegated to 3rd in the House of Commons (behind Bloc and/or NDP), that might be already considered a win.
You already have hondaracer regurgitating conservative conspiracy soundbites that he’s a davos WEF globalist (whatever that means) so carney has a very uphill battle
I’m not that deep lol but however good he may seem, he’s just another out of touch rich guy who can’t relate to your average person. The constant narrative of the PM just being a figure head of govt. thrives while Turd is around but all of a sudden “smart guy” carney is gonna turn their fortunes? Doubtful.
I guess given his age etc. this was his spot, it’s nothing but an uphill climb but someone like him who is independently wealthy may have enough tolerance to hang on through an irrelevant liberal party, and the ultimately run again against a Conservative Party that dropped the ball when PP and co had everything on a platter.
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Dank memes cant melt steel beams
I think you underestimate how much generational wealth there is out there. also a lot of these successful people had all kinds of opportunities in their lives that poor people would have never had. the notion that most wealth is earned because wealthy people have some god given ability to be successful is total nonsense.
This is just anecdotal and I agree there is ridiculous generational wealth in the major cities of Canada. However, the wealthiest people I know personally are all self made, come from virtually nothing, incredibly modest lives.
These people also aren’t dumb and didn’t get to where they are being slaves to the govt. they know every trick in the book to avoid the onslaught of taxes they are bombarded with and the people they employ are generally smarter than the people writing the policies. They sell their businesses overseas, they conduct business in tax havens or own businesses and properties in the states for tax purposes etc.
Ultimately the business and corporate taxes punish the people who are too dumb or too small to maneuver around them.
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Dank memes cant melt steel beams
I’m not that deep lol but however good he may seem, he’s just another out of touch rich guy who can’t relate to your average person. The constant narrative of the PM just being a figure head of govt. thrives while Turd is around but all of a sudden “smart guy” carney is gonna turn their fortunes? Doubtful.
I guess given his age etc. this was his spot, it’s nothing but an uphill climb but someone like him who is independently wealthy may have enough tolerance to hang on through an irrelevant liberal party, and the ultimately run again against a Conservative Party that dropped the ball when PP and co had everything on a platter.
What part of his statements on wealth inequality sound like an out of touch rich guy?
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In 2011 Carney referred to the Occupy Wall Street protests as "entirely constructive", citing frustrations being felt "particularly in the United States" over inequality and increasing CEO-worker pay gaps.[73] In December 2016, Carney warned of the societal risk of "staggering wealth inequalities" in a Roscoe Lecture at Liverpool John Moores University: "The proportion of the wealth held by the richest 1% of Americans increased from 25% in 1990 to 40% in 2012 ... Globally, the share of wealth held by the richest 1% in the world rose from one-third in 2000 to one-half in 2010.
Seems like he came from pretty humble beginnings - the whole pull yourself up from your bootstraps type of thing that Conservatives love to play up:
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Carney was born on March 16, 1965, in Fort Smith, Northwest Territories,[11][12] the son of Verlie Margaret (née Kemper), a stay at home mother, and Robert James Martin Carney, a high school principal.
A speech at a school 14 years ago, damn I’m convinced.
Even if I agreed with what he has to say, which I’m not opposed to listening, the people behind him are poison and his party members are likely to lose their seats based on past performance. There’s not much he can say or do at this point. Which is why I’ve got to believe he’s got the election following the upcoming one in mind. Otherwise this is just a waste of time for him. That or he’s such a die hard liberal he wants to attempt to give them a minority, which again, feels far fetched.
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Dank memes cant melt steel beams
A speech at a school 14 years ago, damn I’m convinced.
How about this then:
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On December 2, 2020, Carney delivered the first of four Reith Lectures—the BBC's flagship annual series.[87] In "How We Get What We Value – From Moral to Market Sentiments", he said society had come to esteem financial value over human value and moved from market economies to market societies. The series covers a trio of crises: credit, Covid and climate
Carney's on record as a pretty lefty guy whether it's wealth inequality or climate change - that's not a "out of touch rich guy". He may not be building homes like Jimmy Carter but this isn't some guy who has never had a private sector job but yet has a net worth of $25m (hint, his initials are PP).
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Originally Posted by Hondaracer
Even if I agreed with what he has to say, which I’m not opposed to listening,
How does pp have so much money? Honestly dunno where he came from except for when o tool got fired.
Back to this, there's only so much juice you can squeeze out of an orange. Rich people aren't dumb, even if they are they can afford to hire people to advise them. The issue with Canada is they fucking squeeze your balls dry with taxes. Income tax, gst, pst, liquor tax, new AND USED car tax, property transfer tax. All the taxes is making it extremely unattractive for people to make or spend money here. People who have money will look for alternatives and intern not leave their money here. Also it incentivizes smart high income earners to not do so in Canada. A. They can make more money elsewhere. B. They can keep more of what they make if they go elsewhere. I literally talked to someone today and they told me their daughter is now in Malaysia after being bored of Taiwan. They work remote making that USD so they can work anywhere.
The issue with the cad government is all they do is try to take a bigger cut of the pie, but the whole pie is getting smaller and smaller. Instead of focusing on how to make a bigger pie, they just try to squeeze and nickel and dime you to death like BMWs.
There's literally nothing we have that is attractive, or Canada is leading in anything in the world. We're just USA bitch, just look at any stats, health care, productivity, standard of living, Canada is going down on every metric against it's g7 countries. Let alone other developed countries, that people with education and $ can live in.
How does pp have so much money? Honestly dunno where he came from except for when o tool got fired.
Back to this, there's only so much juice you can squeeze out of an orange. Rich people aren't dumb, even if they are they can afford to hire people to advise them. The issue with Canada is they fucking squeeze your balls dry with taxes. Income tax, gst, pst, liquor tax, new AND USED car tax, property transfer tax. All the taxes is making it extremely unattractive for people to make or spend money here. People who have money will look for alternatives and intern not leave their money here.
Tell me where Canada ranks globally for income tax rate, sales tax rate, and corporate tax rate out of 169 countries
Let me help you with that:
Personal Income Tax Rate: 65th
Sales Tax Rate: 155th
Corporate Tax Rate: 51st
Where does the US rank?
Personal Income Tax Rate: 47th
Sales Tax Rate: 160th
Corporate Tax Rate: 95th
Quote:
Originally Posted by JDMDreams
The issue with the cad government is all they do is try to take a bigger cut of the pie, but the whole pie is getting smaller and smaller. Instead of focusing on how to make a bigger pie, they just try to squeeze and nickel and dime you to death like BMWs.
I would agree that we've not invested enough in our industries or our people and that we've fallen behind on productivity and that lack of growth in productivity will eventually affect our overall standard of living and quality of life.
That said, how come all the bitching and moaning of Conservatives is about taxes rather than on productivity? Their approach has always been cut taxes (for the rich) and it rarely yields results - the results have always been from education in the workforce, healthcare for citizens, and investments in business and none of those are priorities for the Cons.
Quote:
Originally Posted by JDMDreams
There's literally nothing we have that is attractive, or Canada is leading in anything in the world. We're just USA bitch, just look at any stats, health care, productivity, standard of living, Canada is going down on every metric against it's g7 countries. Let alone other developed countries, that people with education and $ can live in.
I mean, I don't know but out of 169 countries we're consistently in the top 5 in virtually every report about quality of life. That's one UNATTRACTIVE COUNTRY - maybe you should leave?
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