Quote:
Originally Posted by chowhou
It's not necessarily about sympathy. There is clearly some tax burden which is completely unsustainable. If tomorrow we started taxing all business leaders in the province at 90%, you're going to see a lot fewer businesses in the province.
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I do make more than 48k now although I don't go to 6 figures yet. But in the end I think we will see less tax dollars overall with this tax. Just like our new taxes on luxury cars resulted in less overall.
Russia is a great example of a nation that lowered taxes and saw huge gains. There are times when more isn't better. I would feel much more comfortable if the NDP announced their expected revenues factoring this in rather than announce it assuming that people won't change to adapt. They did a similar announcement with the luxury car tax and instead they screwed up the luxury car industry and decreased total tax revenues.
I suspect we are not making more money overall after the new housing taxes too. Its not like revenues have magically gone up since the Liberal days, all these new taxes don't seem to result in "net" gains.
I don't believe in tax policy thats based on "punishing" people. If we're going to implement a tax we should have a ton of research and studies showing why it will be successful and factoring in all factors. So far the NDP tax policy seems to largely be based on punishing people we don't like rather than raising revenue to better the nation.
https://www.jstor.org/stable/3601019?seq=1
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