That is how Socialists operate, how to steal other peoples money with the introduction of new taxes or hike existing ones. Socialists keep on spending other peoples money.
Here is what would happen if the Liberals brought in an estate tax and a capital gains tax to cover their liquidity problems:
I will use Quebec as an example which seemed to have median home prices of $440,000. If a homeowner of a family house dies they must pay a capital gain to sell the house to other family members. If they bought the house for $200,000 twenty years ago, that capital gain tax amounts to around $56,000.
With the estate tax, that would amount to roughly $192,000. This combined with the $56,000, the family members would have to take out a $248,000 mortgage on the house.
Trudeau’s message to the family would be, “Sorry about your loss, here is $248,000 in debt”.
For Trudeau, debt is not a four letter word. There are a few reasons for this. One, he uses deficits to attempt to solve Canada’s problems. Two, I am not convinced he can count.
The question is, are the Liberals so out of touch with reality that they would not see a problem with this? We have a trust fund baby millionaire for a prime minister and a finance minister that talks about financial hardship as when she cancels her Disney+ account because no one in her family is watching it. The answer is, they probably are.
And Trudeau will keep on finding ways to add more taxes and redistribute income in more ways that he can. My message to the Liberals aka Socialists is to get the government spending under control.
Here is what would happen if the Liberals brought in an estate tax and a capital gains tax to cover their liquidity problems:
I will use Quebec as an example which seemed to have median home prices of $440,000. If a homeowner of a family house dies they must pay a capital gain to sell the house to other family members. If they bought the house for $200,000 twenty years ago, that capital gain tax amounts to around $56,000.
With the estate tax, that would amount to roughly $192,000. This combined with the $56,000, the family members would have to take out a $248,000 mortgage on the house.
Trudeau’s message to the family would be, “Sorry about your loss, here is $248,000 in debt”.
For Trudeau, debt is not a four letter word. There are a few reasons for this. One, he uses deficits to attempt to solve Canada’s problems. Two, I am not convinced he can count.
The question is, are the Liberals so out of touch with reality that they would not see a problem with this? We have a trust fund baby millionaire for a prime minister and a finance minister that talks about financial hardship as when she cancels her Disney+ account because no one in her family is watching it. The answer is, they probably are.
And Trudeau will keep on finding ways to add more taxes and redistribute income in more ways that he can. My message to the Liberals aka Socialists is to get the government spending under control.