CPCFTW

This is what it all boils down to. Globalization rewards those who work the hardest. You think that other societies/countries should foot the bill for your socialist paradise. I guess racism and worker exploitation is tolerable if it is outside of your country's borders.

Canada has one of the highest per capita immigration rates in the world. Also, http://en.wikipedia.org/wiki/American_Canadian And that was in 2006 before the whole recession thing. That's 3-6% of our population being residents from America. I doubt there are 9 to 18 million Canadians living in America. It's not a one way street.

Corporations exist neither to screw the people, nor to act as a job charity, but rather to make a profit. If there are more people looking for work then there are jobs, then workers are going to get screwed. If the government encourages the creation of jobs, then suddenly it's the workers who can start screwing the corporations when there are more jobs than workers. When governments make the mistake of trying to create some sort of utopian society where everyone is equally poor and miserable, everyone is screwed. It should all be about creating private sector jobs and a diversified economy. If it takes "corporate welfare" to bring those jobs in a globalized environment, then so be it. There's nothing "compassionate" about letting able-bodied people be unemployed living on welfare because you have some moral aversion to the capital providers of corporations earning a profit.

You both missed the point. The reason those jobs were shipped offshore is because of the socialist dream of everyone having a free degree and being too good to have dirty hands. Not only do university grads demand higher wages, but other socialist constructs like minimum wages, ei, welfare, universal health care, vacation pay, unionization, etc. ensure that even those who do not pursue a taxpayer funded arts degree are too expensive to be given an unskilled manufacturing job. Want to fix the economy? Stop paying people $10/hr to pour me a coffee or bag my groceries, and automate those types of "service" jobs. Then let the people who are working these unskilled jobs manufacture products at a competitive low wage. Mandate that any new refugee or unskilled immigrant must work full-time for at least a year in manufacturing. Their weekends are spent english language training on-site, developing a career plan, and being otherwise educated to assist with their career plan. On-site housing is also provided for. There, now new immigrants have no problem finding jobs, and we have a manufacturing industry again. After a year working for $5/hr they can apply for permanent residency and begin look for other jobs or try to move up in their own company. If we're going to be giving the unemployed free housing, income, and services anyway, why not let them work for it to help rebuild an industry? Non-violent, unemployed criminals can be sentenced to join the immigrants instead of being imprisoned.

57% spending on social security, unemployment, welfare, medicare, and medicaid certainly looks like the spending of a failed capitalist system: http://en.wikipedia.org/wiki/File:Fy2010_spending_by_category.jpg

A wealth of social intelligence and bags of urine. A deadly combination.

I'm glad you pointed that out because that's one of the major flaws of the socialist dream. Borrow money from China so that everyone can have a degree for 10 cents on the dollar, but now everyone is too "educated" to get their hands dirty, so let the Chinese manufacture stuff for us and borrow more money from them to pay for it too. Now that the lending to prop up this dream is drying up, it's time to start taking someone else's money... I know who we can target, the wealthy!!

I just said we need to stop subsidizing unemployed arts grads... how does that not jive with your source? Because you "recall" reading about 2 business grads who were protesting along with the arts grads too? I like how you add that additional quote at the bottom as if it came from the same bureau of labour statistics source. Mislead much? We know most of your sources are communist blogs, you don't have to hide it. Yes, jobs are scarce. No, throwing feces and chanting slogans is not going to fix it. Jobs are going to be scarce for the foreseeable future while the failed socialist system is in its death throes.

Exactly, they've been given a free ride their whole lives and now that their parents have kicked them out of their homes at 25, they can't pay their government subsidized student loans off, and they have discovered that no one wants to hire a B average philosophy major, they want another free ride from the wealthy too. Most of these kids haven't worked a full time job in their lives and claim to be standing up for the working man. The last thing we need is the government to subsidize the creation of more of these leeches. How many unemployed arts majors does one country need?

So save some money and become the guy getting paid 3.50 a lb. If you can't save any money after working 50-100 hr weeks, you need to get a new line of work.

The city Councillor in this video says all that needs to be said: http://manhattan.ny1.com/content/top_stories/147824/wall-street-protests-continue-as-nypd-remains-mum-on-pepper-spray-use?ap=1&MP4

I forgot about throwing bags of urine and feces.

Of course the gap is rising. The rich are working 50-100hr weeks and investing, the poor are protesting, chanting stupid slogans, getting arrested, having sex on cars, and blowing all their income on pot and munchies.

This is exactly why "the right" doesn't bother arguing about these protests. The best you can do to explain how Wall Street is "robbing our country blind" is "I guess you haven't been paying attention". You guys have no idea what you're protesting, Wall street is just the hippy's latest boogeyman. The video of the protestors showed just how ignorant and self-important you hippies think you are. Chanting "who are you protecting?!?" as if the 100 of them were the only people in a city of 10 million that matter. Who said anything about smoking? Don't worry, I'm not a "pig" trying to bust you for smoking illicit products. Quit being so defensive.

People are protesting the government now? I thought they were protesting wall st. Make up your minds. How is wall street robbing the country blind? Saying something doesn't make it true. You aren't scaring anyone except for other paranoid tinfoil hat wearing hippies. No the existence of an industry is not scaring me. If you don't like it, then don't use it. I'm not about to go protest the hemp and bong-making industries for creating a generation of hippies who waste the country's resources protesting the boogeyman of the day. I just won't buy hemp and bongs.

I'm just wondering how you could watch those videos and actually support these hippies? I assume you have to be a hippy yourself. For the record, there's plenty of reasons why these protests are retarded earlier in the thread. We're not gonna repeat ourselves when the best the hippies and you can come up with as a retort is "who are you protecting!??!", "whose streets??! our streets!!!", and other asinine chants and arguments like that.

True but I figured that the target of these taxes (the "top 1%") would have plenty of means to avoid reporting investment income. Furthermore, the taxes will also discourage foreign investment.

Pretty sure this deal has been dead for months. I'm not sure what happened to the maple group bid.

You don't need to "pick up and leave". You can move millions of dollars out of Canadian assets into US or other global assets in seconds from your own home.

Couple things you aren't considering: 1. First of all, income tax IS a disincentive to working. If you're making 50k/yr and want to work a part time job at $15/hr, you are only going to get about $9/hr on that income. This makes our society less productive as people sit at home watching american idol instead of getting a second job, and lazy people work for 15/hr rather then being forced to obtain higher education or further training. 2.You can't lose money working. You can invest 100k and lose 20k in a few months. 3. Labour doesn't have the same mobility as capital. You usually have to move to avoid labour taxes, and you'd have to hope there is a job there for you. That's not the case with capital. If the canadian government starts taxing dividend and capital gains as personal income, then there will be a flight of capital out of the country into assets that are not so ludicrously taxed. This suggestion would ravage canadian pension funds, rrsps, and other retirement plans. That is why I said it is asinine. I'm sorry you're unable to comprehend the financial ramifications of such a tax, but it is entirely asinine.

You seem to keep ignoring the fact that much of the income of the top 1% is investment income. This is, of course, taxed at a lower rate not only because it encourages investment, but also because it involves capital investment and risk for the investor. Do you really think that investment income of the wealthy should be taxed at 30-40%? You are truly clueless if that is the case. The consequences of such a "policy alternative" would be disastrous. Taxing investment income at a lower rate than employment income is not a "welfare cheque for the wealthy". Your arguments become more asinine by the day.

Jacee, what do you think of this hypothetical? Lets say I am an only child and I work for 35 years making $100,000/yr on average. I save $18000 per year in my RRSP every year. And put an extra $20000 per year into a margin account because I believe in saving for my children's future (assuming TFSAs did not exist). My portfolios grow by a conservative 3%/yr. After 35 yrs, I now have $1.1mil in my RRSP and $1.2mil in my margin account. I plan on retiring in the next few years, but I'm making $200,000 at this time and would like to continue to work for a couple more years while I still can to leave as much to my kids as I can. ($200,000/yr employment income). My parents also die around this time, I inherit their 2 houses and rent them out for $2000/mo each. I have also secured several mortgages due to my strong credit, income, and assets. I have bought 5 other rental properties over these 35 years which I rent out for $2000/mo each. Total I am making $14,000 a month in rental income ($168,000/yr rental income). My parent's non-real estate assets also total another $1,000,000 combined. I invest these funds into dividend and interest earning investments in my margin account. I now have 2.2mil in my margin account. I am earning approximately 3% dividends on the assets in this account, so my dividend income is $66,000/yr. My total income is $200,000 employment, $168,000 rental, $66,000 dividend income = $434,000/yr income. Now lets say I retire in a few years with 2.5mil in my margin account and about 1.2mil in my RRSP. Most of my mortgages are paid off, and I'm still making around $170,000 rental income, and $70,000 dividend income. I live relatively frugally for 25 more years, saving about $100,000 per year of this income after living expenses and taxes, which I add to my margin account. I only have one kid, and when I die, I leave him 7 houses generating $170,000 in rental income, and a margin account with approximately $6,000,000 in assets in it generating $180,000 in dividend income. My kid doesn't bother working and is making $350,000 per year. He pays less as a % of his income than you in taxes because of expense deductions for rental properties, favourable treatment of dividend income (to encourage investment), and some income splitting. Is he an evil wealthy elite who doesn't pay his fair share? Do you have a right to the money I earned for him as his father through a lifetime of sacrifice? I hope you can now understand why the left's greedy and covetous nature is so repulsive to conservatives who want to be free to make these types of choices for their futures and the futures of their children. The wealthy take virtually nothing from society. They cost almost nothing to provide social services for since they can provide these services for themselves. Wealthy people owe nothing to you that their parents or they themselves didn't pay a hundredfold for to get to where they are.

I already made your argument for you. You're welcome.

Because the top 1% don't pay an arbitrary percentage of their income that the left deems "their fair share". It's the left's new goalpost. When they run out of other people's money to pay for programs to fuel their own sense of moral superiority next, it will be that the rich should pay a higher percentage than the average because they're rich! It doesn't matter if they pay 1 million in taxes if they are earning 10mil a year. You see, if you save and invest, then you are a very bad man and should be punished. The right thing to do is live off credit cards and welfare cheques, and tax people more on their investments because THAT MONEY IS OURS!!!

Anonymous has hacked some big companies. They are pretty misguided judging by that day of vengeance post, but they could release a lot of sensitive banking information. Criminals might also benefit unfortunately.