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Not sure if you're in Canada, but all our national governments, and the current one explicitly, has made it far less attractive to try to build capital outside

Not sure if you're in Canada, but all our national governments, and the current one explicitly, has made it far less attractive to try to build capital outside your home. The only thing protecting homes is the instant political death that would result from those who vote in volume. You could make real estate a far less attractive financial investment if you don't tax the stuffing out of every other type of wealth accumulation. It's just so much easier and more politically lucrative to increase the captial gains tax on those "fat-cat doctors" and give everyone else a "tax holiday" with their own money, suspending one of the fairest and most effective taxes.

rangestransform 2y ago
> Not sure if you're in Canada canadian passport, did K->BSc. in canada, live in nyc now > You could make real estate a far less attractive financial investment if you don't tax the stuffing out of every other type of wealth accumulation we could've also bit the bullet and let housing collapse in '08 like the US, I think that was the moment when we chose to hitch our wagon to real estate going up indefinitely propped up by the government. somebody has to pay taxes though, because CAD is not a reserve currency and we can't print our way like the USD can; I would prefer landsquatters pay the most, but still more equitable for capital gains to be taxed than income. > give everyone else a "tax holiday" with their own money, suspending one of the fairest and most effective taxes. this was short sighted populism, i agree