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- #41
i'm not talking about $40,000.00 per child here....i'm talking about limiting the amount to something like, oh, $1,000,000.00. The point being that right now, and it's getting worse up here in canada, the rich stay rich and the middle class and the poor stay poor. I fully realize that some businessman who started a company deserves to reap the rewards for his efforts and his risk, but how about his kids? where is their effort or risk? what did they do except be born lucky? not a damn thing......
I forget the rates here but i seem to recall that the lion's share of growth in the economy went to the top 30% of the population. I read recently that that now is something like the top 20%...in the US 99% of the economic growth went to the top .1%.....
Now with the tuition fees for an advanced education rising, where are the oppurtunities for the middle class to join this top 30%? pretty soon there won't be because only the elite will be able to afford a better education therefore continuing the cycle.....
I'm talking about levelling the playing field. Set the limit to $1,000,000.00 per dependant and give the rest to schools to fund lower or middle income students. If jr can't make his way in the world starting with a million, he doesn't deserve it. I mean hell, there are students out there working 3 jobs to get the same thing.....
I also have an idea regarding taxing the rich. It is widely known that they do NOT pay their fair share...they escape taxation via non-repayable loans in lieu of wages, bonus' are taxed at 50% yet they receive their bonus' tax paid, etc etc etc. I remember back when i worked for crappy tire, they hired a guy to be the president from the US. Management was harping on us about how we have to limit our spending and were going through a wage freeze. Then buddy comes up from the US and the company: bought his house in the US for something like $6M US ($9M CDN), bought him a house here for $4M, gave him a $2M US signing bonus, and his salary (tax paid) was something like $1.2 per year.....plus stock options.
Now i did a little calculating. Since there was 2000 employees at the time, no wage increase, that $17M +/- equated to a raise of $8500 per employee.....now did he increase sales in the company? Nope, not anymore than was happening before they hired him. Did he increase profitablility? nope.....did he increase share value? Nope, in fact the shares dropped from $72 each to $6.95 (I personally lost over $300K).....
This is a prime example of how the rich get richer and the middle class gets fucked.....
Another example: I worked for a company and the president got married, went to fiji, and got stuck there for a month. During this time the GM was away on business. Did the company fold? nope. Did our sales suffer? nope. Did the company lose millions? Nope because the upper ups don't actually do the work that makes the company profitable...it is the peons that make the company......
One of the policies that i'd like to see brought in? (not my idea, got this from a radio commentator)....the citizens of a country that is wealthy in natural resources should enjoy the benefit of those natural resources. Like argentina, who has an abundance of oil/gas...gas is 25 cents a litre.....we should sell our resources at fair market value outside our borders but inside? we should be able to live better, cheaper than those we sell to....
I forget the rates here but i seem to recall that the lion's share of growth in the economy went to the top 30% of the population. I read recently that that now is something like the top 20%...in the US 99% of the economic growth went to the top .1%.....
Now with the tuition fees for an advanced education rising, where are the oppurtunities for the middle class to join this top 30%? pretty soon there won't be because only the elite will be able to afford a better education therefore continuing the cycle.....
I'm talking about levelling the playing field. Set the limit to $1,000,000.00 per dependant and give the rest to schools to fund lower or middle income students. If jr can't make his way in the world starting with a million, he doesn't deserve it. I mean hell, there are students out there working 3 jobs to get the same thing.....
I also have an idea regarding taxing the rich. It is widely known that they do NOT pay their fair share...they escape taxation via non-repayable loans in lieu of wages, bonus' are taxed at 50% yet they receive their bonus' tax paid, etc etc etc. I remember back when i worked for crappy tire, they hired a guy to be the president from the US. Management was harping on us about how we have to limit our spending and were going through a wage freeze. Then buddy comes up from the US and the company: bought his house in the US for something like $6M US ($9M CDN), bought him a house here for $4M, gave him a $2M US signing bonus, and his salary (tax paid) was something like $1.2 per year.....plus stock options.
Now i did a little calculating. Since there was 2000 employees at the time, no wage increase, that $17M +/- equated to a raise of $8500 per employee.....now did he increase sales in the company? Nope, not anymore than was happening before they hired him. Did he increase profitablility? nope.....did he increase share value? Nope, in fact the shares dropped from $72 each to $6.95 (I personally lost over $300K).....
This is a prime example of how the rich get richer and the middle class gets fucked.....
Another example: I worked for a company and the president got married, went to fiji, and got stuck there for a month. During this time the GM was away on business. Did the company fold? nope. Did our sales suffer? nope. Did the company lose millions? Nope because the upper ups don't actually do the work that makes the company profitable...it is the peons that make the company......
One of the policies that i'd like to see brought in? (not my idea, got this from a radio commentator)....the citizens of a country that is wealthy in natural resources should enjoy the benefit of those natural resources. Like argentina, who has an abundance of oil/gas...gas is 25 cents a litre.....we should sell our resources at fair market value outside our borders but inside? we should be able to live better, cheaper than those we sell to....