Admittedly the wealthy generally don't utilize their capital in pro-social ways. Canada's wealthy prefers to prop up housing bubbles and invest in foreign assets rather than invest in Canadian entrepreneurship. Because generally speaking people prefer to invest in whatever gives them the highest return on investment. They don't invest in what produces the greater good. Even the TSX has a APY of like 1.05% in the past 12.5 years. So I can understand the resentment towards the wealthy. If they used their capital to create Canadian jobs, if they created affordable housing, Canada's poor would hate them less.
So naturally the left thinks that if the wealthy are not using their capital in a pro-social way, we might as well tax that capital to spend it on pro-social initiatives.
But what if I told you that when my dad came to Canada over 50+ years ago, taxes were even lower than they are today and housing was a lot more affordable back then? My dad was a poor European immigrant fresh off the boat. He said there was no minimum wage back then. At least that's what he thought anyways. He might have been getting taken advantage of by his employers working cash jobs. Who the fuck knows. He was basically the equivalent of a Pajeet (cheap foreign labour) in the 1960s. But he was able to scrimp and save along with my mom and buy a fucking house in the early 1970s for like fucking $20,000 in fucking downtown Toronto.
The Pajeet of today shares a room with fucking 6 other Pajeets in fucking Brampton. And taxes are higher than before. How does that make any sense? Where are our tax dollars going? And we are running up a huge deficit too. Even before COVID we had deficits.
If you're going to raise taxes on the wealthy, can you trust your government to spend that money wisely? How is it that we are taxed more yet the problems are worse, not better? And then the CRA turns a blind eye to the foreign holdings of friends, family and colleagues of politicians.
Yeah if I was Supreme Leader, you can call me a leftist sure. I'm totally fine with the likes of Bill Morneau having 9 yachts instead of 10. But would I trust NDP with the chequebook? Would I trust AOC with the chequebook? No.
And yet we have so many homeless people in urban metropolitan areas. Opioid addictions. Pajeets crammed into rentals to make ends meet. The unemployment rate is not as useful of an indicator as the not in labourforce metric and the full-time employment rate figures. NDP had their chance in BC. And you go to Downtown Vancouver Eastside, tons of homeless people, opioid overdoses. Crazy housing bubble in BC. Chink criminals money laundering dirty fentanyl money into real estate, collecting large rents off the working class. Dirty fentanyl money they made off destroying peoples' lives in BC. Those addicts in BC, they are someone's son, daughter, brother, sister, sadly many of them are fathers, mothers! And they die for our Chink overlords. We talk about COVID deaths of 85 year olds but won't talk about the opioid deaths and suicides of 30-somethings from the lockdown. Horgan, Bonnie Henry and the NDP are a disgrace. And the progressives on r/onguardforthee just keep voting for this shit. When a "progressive" gets elected, progressives go to sleep. You're gonna see the same shit with Joe Biden. We're seeing it with Justin Trudeau now. We're seeing it with Andrew Cuomo and Gavin Newsom now.