3 ms·

Canadian here. I don't own a plane, yacht or luxury vehicle and am not planning to buy one. I live with my partner in a tiny, modest apartment (<1000 sqft).

Canadian here. I don't own a plane, yacht or luxury vehicle and am not planning to buy one. I live with my partner in a tiny, modest apartment (<1000 sqft). I feel 10% is going overboard. I assume it's on top of the existing 5-15% sales tax (depending which province). The government seizing 25% of the value of a purchase feels like outright robbery. For those viewing this from the lens of the US, keep in mind the highest income tax brackets here are north of 50%. (Yeah... Canada has a lot of tax).

Proven 4y ago
trinovantes 4y ago
Can't tax the ultra rich's income because they don't have any Can't tax the ultra rich's wealth because there's no political will and can get complicated really quick Taxing their consumption is probably the only thing left In Denmark, the vehicle tax has a 150% marginal rate
- imtringued 4y ago
  Tax their liquid money holdings, then the poor can use the money as a medium of exchange instead of letting it lay fallow as a status symbol.
  - azmodeus 4y ago
    Hard to tax as it's easy to move across jurisdictions.
badpun 4y ago
> I live with my partner in a tiny, modest apartment (<1000 sqft). Perhaps that's tiny by Canadian standards. In Europe, it'd be actually considered large. "Tiny" is below 300 sqft.
- jaclaz 4y ago
  It depends on countries, and within countries it depends on the location. In Italy 28 m2 (roughly 300 sqft) is the minimum size you can legally call it a living unit, "tiny" is usually roughly 30-60 m2, "medium" is 60-100, 100 m2 and over is considered "large". This is for cities and towns, in the country 60 m2 would probably be considered "tiny".
deleted 4y ago
[deleted]
jaclaz 4y ago
Yep, but just as a comparison, VAT in the EU is in some countries over 20% (Italy 22%, Sweden 25%) on most goods. In Italy there used to be a "luxury item" VAT that raised VAT from the "normal" 18% to 38%. I believe Australia still has LCT (in addition to GST): https://en.wikipedia.org/wiki/Luxury_Car_Tax https://en.wikipedia.org/wiki/Luxury_Car_Tax

Proven 4y ago

trinovantes 4y ago

Can't tax the ultra rich's income because they don't have any Can't tax the ultra rich's wealth because there's no political will and can get complicated really quick Taxing their consumption is probably the only thing left In Denmark, the vehicle tax has a 150% marginal rate

imtringued 4y ago
Tax their liquid money holdings, then the poor can use the money as a medium of exchange instead of letting it lay fallow as a status symbol.
- azmodeus 4y ago
  Hard to tax as it's easy to move across jurisdictions.

badpun 4y ago

> I live with my partner in a tiny, modest apartment (<1000 sqft). Perhaps that's tiny by Canadian standards. In Europe, it'd be actually considered large. "Tiny" is below 300 sqft.

jaclaz 4y ago
It depends on countries, and within countries it depends on the location. In Italy 28 m2 (roughly 300 sqft) is the minimum size you can legally call it a living unit, "tiny" is usually roughly 30-60 m2, "medium" is 60-100, 100 m2 and over is considered "large". This is for cities and towns, in the country 60 m2 would probably be considered "tiny".

deleted 4y ago

[deleted]

jaclaz 4y ago

Yep, but just as a comparison, VAT in the EU is in some countries over 20% (Italy 22%, Sweden 25%) on most goods. In Italy there used to be a "luxury item" VAT that raised VAT from the "normal" 18% to 38%. I believe Australia still has LCT (in addition to GST): https://en.wikipedia.org/wiki/Luxury_Car_Tax https://en.wikipedia.org/wiki/Luxury_Car_Tax