A Portend Of A Future To Come...?

[Eddy]

We've all read where there are supposedly trillions of dollars in Canada that are currently locked away & held-up in soon-to-be inheritance & legacy bequeaths across Canada, & away -- without considerable & imaginative effort for the most part, anyway -- from the wringing hands of that covetous crowd that's housed at the Canada Revenue Agency.

But what if this cash-starved Trudeau-Singh oligarchy was to be suddenly inspired to enact into law some sort of an iron-clad formal flat-rate inheritance tax...? For argument's sake, let's assume that this tax rate would be 40%. OK. That would automatically mean than your favourite wealthy, single uncle Billy -- who favoured you above all others in his will -- still won't be able to escape the long arm of the tax man, even in death. Well, not directly, anyway.

That one-time $1 million cash allowance with your name attached to it...? Yours -- or whatever's left, after your writing a cheque to the C.R.A. for $400K, first. As for that $100K vintage Corvette sports car from the 1950's that he knew you admired so very much...? You can keep it --- after paying the C.R.A. $40K, first. And that $2 million cottage-villa of his up in Muskoka...? You can keep it -- but only once you've forked-over the government's share of $800K. 

Sweet deal, eh...? But impossible you say...? Can never ever happen...? Hmmm...I seem to recall Canadian folk musing aloud just exactly like that about the General Sales Tax some years ago, & the Carbon Tax only just recently, too.

So who was it that said we need a vibrant natural resources base in Canada to financially insure the federal government's good oversight of public programmes, when we have this great "natural resource base" for the likes of Justin Trudeau to generously share with his many pet personal causes...?

[Nefarious Banana]

10 minutes ago, Eddy said:

So who was it that said we need a vibrant natural resources base in Canada to financially insure the federal government's good oversight of public programmes, when we have this great "natural resource base" for the likes of Justin Trudeau to generously share with his many pet personal causes...?

Never happen with the brain-dead Steven Guilbeault as Environment Minister. . . . 

[Michael Hardner]

I don't understand that last paragraph.

 

Unless you put a steep exception level, like a million, I don't see this new tax being politically tenable. A political dynasty died on the GST, and took more than a decade to come back.

[Eddy]

"...I don't understand that last paragraph..."

Michael, think of those millions of dollars that he sent to Honduras --or was it Costa Rica...? Both, maybe...? -- to aid pregnant teens there...or the millions he committed to giving to the Philippines in to help them in the matter of carbon emissions...to name but a few.

Anything's "tenable" in this country anymore. What are the disgruntled going to do about it, anyway -- vent their collective displeasure on Facebook maybe...?

 

[Michael Hardner]

6 minutes ago, Eddy said:

"...I don't understand that last paragraph..."

Michael, think of those millions of dollars that he sent to Honduras --or was it Costa Rica...? Both, maybe...? -- to aid pregnant teens there...or the millions he committed to giving to the Philippines in to help them in the matter of carbon emissions...to name but a few.

Anything's "tenable" in this country anymore. What are the disgruntled going to do about it, anyway -- vent their collective displeasure on Facebook maybe...?

 

You're pivoting.

Foreign aid is now the topic but the paragraph I was wondering about was about Canada's resources.

[Eddy]

"...I was wondering about was about Canada's resources..."

Michael, take your pick -- but the most prominent natural resource that comes to mind is oil.

And of course Germany (& I believe Japan) appealed to Trudeau for exports of our liquified natural gas -- but the PM says there's no market for that resource of ours! And you have to just admire how he would denigrate development of our oil for the sake of carbon emissions -- yet it's perfectly A-OK for Canada to buy oil from places like Saudi Arabia, apparently rendering us to all be "worry-free" of any negative fall-out to the environment.

[Michael Hardner]

(tosses cards on the table)... I'm out...

[Legato]

3 hours ago, Eddy said:

We've all read where there are supposedly trillions of dollars in Canada that are currently locked away & held-up in soon-to-be inheritance & legacy bequeaths across Canada, & away -- without considerable & imaginative effort for the most part, anyway -- from the wringing hands of that covetous crowd that's housed at the Canada Revenue Agency.

But what if this cash-starved Trudeau-Singh oligarchy was to be suddenly inspired to enact into law some sort of an iron-clad formal flat-rate inheritance tax...? For argument's sake, let's assume that this tax rate would be 40%. OK. That would automatically mean than your favourite wealthy, single uncle Billy -- who favoured you above all others in his will -- still won't be able to escape the long arm of the tax man, even in death. Well, not directly, anyway.

That one-time $1 million cash allowance with your name attached to it...? Yours -- or whatever's left, after your writing a cheque to the C.R.A. for $400K, first. As for that $100K vintage Corvette sports car from the 1950's that he knew you admired so very much...? You can keep it --- after paying the C.R.A. $40K, first. And that $2 million cottage-villa of his up in Muskoka...? You can keep it -- but only once you've forked-over the government's share of $800K. 

Sweet deal, eh...? But impossible you say...? Can never ever happen...? Hmmm...I seem to recall Canadian folk musing aloud just exactly like that about the General Sales Tax some years ago, & the Carbon Tax only just recently, too.

So who was it that said we need a vibrant natural resources base in Canada to financially insure the federal government's good oversight of public programmes, when we have this great "natural resource base" for the likes of Justin Trudeau to generously share with his many pet personal causes...?

When you cast your eye's to the sky how many pies do you see? Or are they all on their way to the fair.

[Eddy]

"...(tosses cards on the table)... I'm out..."

Michael, don't feel so bad about yourself. This cabal up in Ottawa has that very same effect upon any of those among us who might lend some serious thought to their policies. And sadly, their policies are not worthy of too much of anty thought, whatsoever...

[eyeball]

3 hours ago, Eddy said:

But what if this cash-starved Trudeau-Singh oligarchy was to be suddenly inspired to enact into law some sort of an iron-clad formal flat-rate inheritance tax...?

Poilievre would campaign against it and It would be axed the minute he was elected.

Iron clad with what the same sort of armour Conservatives placed around efforts to do something about corruption?

In any case, the key to better financing our government while improving ordinary Canadian's fortunes is to move away from income taxes while progressively increasing consumption taxes.

 

[Eddy]

"...Poilievre would campaign against it and It would be axed the minute he was elected..."

We can only speculate as to just what, exactly, Perre Poilievre might do once in power. But remember this: Chretien was vehemently opposed to "free trade" with the U.S.A., just as he was against the G.S.T. But once in power, the invisible "Black Hand" that holds true dominion over our national-international world order descended down upon him, & instantly transformed him into a compliant -- if not an enthusiastic -- supporter of both.

[herbie]

Form yourself a Party promising Inheritance Taxes and riches from Natural Gas exports 20 years too late.
See if you get one MP elected.

[Michael Hardner]

34 minutes ago, Eddy said:

"...Poilievre would campaign against it and It would be axed the minute he was elected..."

We can only speculate as to just what, exactly, Perre Poilievre might do once in power. But remember this: Chretien was vehemently opposed to "free trade" with the U.S.A., just as he was against the G.S.T. But once in power, the invisible "Black Hand" that holds true dominion over our national-international world order descended down upon him, & instantly transformed him into a compliant -- if not an enthusiastic -- supporter of both.

Right and the economy for most of the 90s was... uh... well booming...

It's amusing if you are old enough to have consumed CBC fright-content about the coming of NAFTA and the threat to it after Trump was elected.

[Eddy]

"...Form yourself a Party promising Inheritance Taxes and riches from Natural Gas exports 20 years too late.
See if you get one MP elected...:

Herbie, of course -- that'd be political suicide, pure & simple. Not at all like that one PC "leader" did in an Ontario provincial election that ushered-in Kathleen Wynne, I believe. Remember...? He actually was foolish enough to ca,plaign on a promise of laying-off some 20%(?) of all provincial civil service jobs.

I think it resulted in. him having his choice of jobs at a local Tim Horton's drive-thru window...

No, the secret is to get you & your majority party elected into power first -- and only then do your bdding. It'sthe "Canadian way", after all..

 

[Eddy]

"...When you cast your eye's to the sky how many pies do you see? Or are they all on their way to the fair..."

Far & awat just an absolutely lucid & billianly-worded witty retort, Legato.

Now, would you please be so kind as to explain its relevance here...?