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Joined 2 years ago
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Cake day: August 24th, 2023

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  • Ya. I watched the Doug Ford announcement, and he said parts can cross the Ontario border up to 8 times before making it into the vehicle or final product.

    so $10 part -> $12.50 -> $15.625 -> $19.531 -> $24.414 -> $30.517 -> $38.146 -> $47.683 -> $59.60

    So that $10 part from the first factory is now $59.60 and that’s before the fact that it probably increases in value at each step along the way to being refined into it’s final product.

    Thats why he’s saying (as well as others) that they expect the factories on both sides to shut down within a couple weeks.

    Edit: half of that if it’s a one way tariff where both sides didn’t put tariffs on the exact same items.



  • (not op) I’m against a wealth tax, but what you mentioned is a serious problem that does need to be fixed.

    The best I’ve come up with is taxing use of collatorlized assets. Are you a founder in a company that went public and you have a lot of money in stock? Great, well done! Oh, you want to buy a house without selling any of that stock and take out a loan against that stock, that you don’t pay back for decades or until you die by simply adding more collateral? Tax that. Don’t let them use it indirectly without taxing it. If they repay the collateralized loan, let them get a refund and tax however that gets paid back. They have the money to make sure all the paper work is handled correctly.

    I’m sure there’s other tricks that would need to be addressed, but it should be doable without a blanket tax on unrealized gains.

    Edit: also let the tax agencies investigate the lavish lifestyles and have them show how they are paying for things, and when it ultimately comes to this or other ways, tax that. Short of offsetting their yearly spend with donations to charity, tax it. Don’t let this $0 income/capital gains shit continue through trickery.