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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (19935)	10/23/2019 12:14:29 PM
From: louel	4 Recommendations Recommended By Cogito Ergo Sum johnlw kidl WalterWhite Read Replies (1) \| Respond to of 37373

"under a Trudeau-Singh-May minority gov't, I will be expecting higher taxes," And higher taxes reduce free capital value on take home pay. Resulting in after tax being less to supply family needs causing a lower standard of living. For business it means trimming or automating financially border line activity resulting in a lower work force (Job losses in less profitable areas of operations) Trudeau and his Liberals are so bent on taxation. They are the first to tax the peoples food. Previously sustenance was a sacred cow in the country. However the Liberals under the guise of Tariffs raised the price of Canadian store bought produce by 20%. Nearly all produce is imported from Southern USA's food belt. Leaving lower income Canadians to struggle further to even meet the necessities of life. People were STUPID in their voting. I would bet most never even realized their standard of living had taken a hit. and there is much more to come. If Socialism is so great. Why is the inflo. of people from more socialist countries like Hungary the Czech republic & others, or Communist countries lined up to come to the US and Canada rather than vice versa. Ask any immigrant why they came ? Why are the people of HK protesting being swallowed by Communist Beijing. ? There is an old proverb; The Value of what one has, is never realized till they have lost it. By then it is to late. Why ? Greed ! Politicians exploit that in the electorate. At the end of election night Justin Trudeau again displayed another of his normal ignorant fashions. He allowed the Green & NDP leaders to speak as is normal and courteous. Then he waited for Andrew Sheer to come to the podium and begin his address. Just a couple of minutes after Sheer began Trudeau rudely injected himself and began speaking, cutting Sheer off from the media. Another show of pompous ignorance. An embarrassment for normal courteous Canadian people.

To: teevee who wrote (19935)	10/23/2019 2:20:10 PM
From: teevee	2 Recommendations Recommended By Cogito Ergo Sum louel Read Replies (1) \| Respond to of 37373

I had an interesting call with a banker in the Caymans. He stated that many many Canadians have been coming to the Caymans, which has grown over the last 3 years to where there is now about 1/3 Canadians, 1/3 Brits and 1/3 Australian, Norwegian, Danes and a few Americans. He said the phone is ringing off the hook from Canada. Withholding on RRSP's and capital gains is 25% and all Canadian property must be sold, but may be owned by a foreign (Cayman) corporation should you wish to continue enjoying on a part time basis, your Canadian residency. Taxes in the Caymans are zero, however there is a consumption tax of 20%. The alternatives are Singapore and the Bahamas for tax free havens. Many large corporations have abandoned Canada, and foreign investment continues to flow out of Canada. Now Canadians with the means are leaving. The bottom line is that Canadians have quietly been fleeing Canada under the Trudeau regime, and now the flood gates are opening. Few small businesses will be investing in Canada for growth. Although anecdotal, In my home town, a consulting group just opened two offices in the USA as Bill 69 has impacted Canadian contracts with little work in Canada going forward, outside of Quebec which has special status. Where will Trudeau get the money to pay for and increase entitlements to both the public sector and Canadians in general? He says everyone will be getting a tax cut. If so, the money must be clawed back by increased carbon taxes, and deficits must dramatically increase, but how long can that go on for before the economy and the dollar collapses?