f2e70ab9   
   XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 22/11/2011 3:53 AM, Alan Baggett wrote:   
      
   > Canada's ultra-rich — those in the top 0.01 percent — now have a   
   > bigger share of national income than at any point in Canadian history.   
      
   Yep, monopoly prop up from RIV Canada makes Jim Pattison rich as he can   
   over charge Canaidans in autos and food.  Shaw family sure loves CRTC.   
   And governemtn sure likes those 18% excise and border fees, just to make   
   Canadians sucked dry for big fat government and the "famnilies"   
   (including mafia) that really run this country.   
      
   > While Canada's reputation as a leading peacekeeping nation has taken a   
   > nosedive, we're punching above our weight on the international scene   
   > on a new front — as a tax haven for the rich.   
      
   Sure has, like the US we are now baby killing war mongers.  No where to   
   hide from Canada's F18s once they get fixed up to fly.   
      
   > "Canada is a desired destination for global high-net worth families,   
   > and the Canadian tax system makes it even more attractive," notes   
   > Toronto tax lawyer Jonathan Garbutt, pointing to Canada's lack of   
   > estate and wealth taxes.   
      
   You are kidding right?  Pick Canada only if you are a billionaire so you   
   can bribe for your profits.  Make sure to bring unmarked cash envelopes.   
      
   But for most, there are better places.  Even Paul Martian knows that right?   
      
   > Sovereign Investor, a US website that provides advice to affluent   
   > Americans, says, "Canada is a safe, stable, lower tax country...   
   > (where) you can find an easy, affordable, manageable, accessible   
   > offshore bank account."   
      
   Funny, I prefer Panama.  No -30C in winter there.   
      
   > This puts Canada at odds with what's happening elsewhere in the   
   > advanced world, particularly the US and UK, where governments are   
   > seeing the difficulty of reducing deficits without going after the   
   > people who've been capturing an ever-larger share of the national   
   > pie.   
      
   Tell me, is this a government propaganda cut and paste?  I have lived in   
   more countries than most people have visited.  I don't even remember how   
   many I have been in.  You would be surprised when you travel all the   
   propaganda and bullshit ra-ra Canada is great....and then realize we are   
   the backward ones, managed like sheep by our government.  Brainwashed in   
   K12 about this world.   
      
   And sorry, I don't measure quality of life as being a government owned   
   herd animal for the milking and bilking.  No one taxes the herd more   
   than Canada.  OECD numbers even show Canadians are taxed poor and are   
   high in debt and low on the wealth curve.   
      
   > For years, Canada followed the US and UK almost lockstep in cutting   
   > taxes on the rich. Now that those countries are heading in the   
   > opposite direction, Canada is suddenly marching to its own drummer.   
      
   Funny, I know the taxes I paid and they were very high compared to US   
   and other countries.  If it were not for family/social reasons (mom   
   needed help) I wouldn't have come back.   
      
   Plus the hidden taxes and fees like 18% excises, GST, PST, fuel, booze   
   and even cheese....get you screwed at every turn.  Most stupid Canadians   
   don't even know how screwed they are as being out of the country is   
   Jamaica for 7 days. I lived in other places, not just a visit.   
      
   So much bullshit, sorry, moose shit in Canada you can't smell any more.   
     CBC, CTV are feel good appeasement propaganda centers.  If it isn't   
   Ottawa, NATO or Washington approved....it will be cleansed or censored.   
      
   > Barack Obama's vow last week that he'd veto any debt reduction plan   
   > that didn't include higher taxes on the rich — so that millionaires   
   > wouldn't pay lower rates than their secretaries — apparently stirred   
   > no interest in Ottawa.   
      
   Funny, if all the US billionaires just gave their entire net worth to   
   0bama, he would still run a deficit in that year.  USA is so out of   
   whack with spending, and 0bama is so stupid or corrupt (not sure which,   
   maybe both) he is avoiding the huge problem G8/20 countries have.   
      
   We have governments far too big and we can't afford them any more.   
   Taxes isn't the issue, spending is.   
      
   How dare government cut back, that is for the producing people in their   
   government arrogance and petulance.  They are after all NWO   
   egalitarians, the chosen ruling class.   
      
   Yet like dumbshits Canadians ignore why they can't get ahead, just   
   getting screwed from their ignorance.  Big fat government milks them   
   like cash cows.   
   >   
   > Obama is trying to shut down a tax loophole — dubbed the "most   
   > unconscionable tax loophole" by New York Times columnist Nicholas   
   > Kristof — that allows ultra-rich hedge fund managers to pay tax at the   
   > special low capital gains rate. A battle over the loophole has raged   
   > in Congress for four years, and recently heated up with multi-   
   > billionaire Warren Buffett pointing to the measure as evidence that   
   > Congress has been "coddling the rich".   
      
   And Warren Buffet is in Asia shopping to buy companies there.  He knows   
   capital gains is a tax on inflation, a wealth tax, designed to keep all   
   people poor.   
      
   There are two tpes of gains, numbers roll up a dollar then a dolalr   
   gain.  But is that value?  89 cents bought a full Big Mac meal deal in   
   1970.  If you could preserve it and sell it today you would get $8.50.   
   And then pay gains taxes on the difference even though the value hasn't   
   changed?   
      
   Now you know why business and investors are not walking, but running   
   from corruption America.  It is, like in the fall of Roman Empire times,   
   cleverly hidden wealth confiscation to tax gains.   
      
   Would be like taxing people for the appreciation of their homes over time.   
      
   But greedy self serving unscrupulous politicians like to prey on the   
   weak minded loaded with envy and greed.  G12 makes sure they don't think   
   more than they need to as you want compliant sheep.   
      
   > It's unclear if the loophole exists in Canada. Canada Revenue Agency   
   > officials denied Monday that it did.   
      
   It doesn't, we get taxed 1/2 the gain at full rates.  So if the   
   investment gains or looses no real value, but inflation doubles it cost,   
   I loose 50% to taxes in value.  Buy $100,000 of something, inflation   
   causes it to value at $200,000 but it hasn't changed in value, I am   
   taxed on the preservation of wealth by 50% of the gain.  But a net value   
   loss.   
      
   Makes Canada a crap investment really.  Add in union greed, expensive   
   place to live, HR, legal BS, insane whining and excessive taxation... no   
   wonder Ontario manufacturing is dead.  Ontario bails out US GM and gets   
   more debt.  China builds Yangsee damn and gets cheap power for 1/20th   
   the Canadian cost and you think you can compete.   
      
   Well, fleabaggers may deny reality all they want but reality always   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)