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Yeah, still doesn't show a problem, explains numbers to people with coloured boxes. But doesn't show a problem.


I understand your problem, you don't like that Jeff Bezos happens to own a lot of the company he built.
So your solution is make it harder to build and invest, then there will be fewer new companies, less innovation, fewer jobs, but at least Jeff Bezos won't be super duper rich.
Some even like to complain how greedy and selfish he is, despite donating billions to charity.

Do you really think it would be a better world if Elon Musk didn't push electric cars?
You're so jealous of rich people you're willing to kill the golden goose.
I think that as many cases, you're missing the point. Being super rich is great but then again: give back. Many just hide their assets in safe havens; just to be sure to not contribute to society. yes, I generalize but it's a common theme for sure.
 

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Discussion Starter #22 (Edited)
Case in point.........Jargey's post about the guy who sold a Super Mario game for over $600,000.

He probably paid off bills, maybe bought a home or a vehicle, or helped out some family and maybe donated some money to help out other people.

But what about the guy who bought the game for over $600,00 ?

Only a super wealthy person would think owning a game was the most important thing he could do with that kind of money ? They likely bought it so they could brag to their rich friends over dinner.......nah, nah, nah......look what I bought.

And likely none of their miffed rich buddies would think to say.....are you nuts, you could have given that money to the food bank . The super wealthy just don't think that way.

There are studies done by Harvard that proved the more wealth a person has the more privileged they believe they are by virtue of their wealth. During a monopoly game where they got double the money for passing GO and charged double the rent (a huge unfair advantage over the other players)......as they inevitably acquired more wealth they moved the snack bowl closer and closer to themselves until it was right beside them and they were eating all the snacks.

That is how it works in real life too. It is the entitlement of the rich.
 

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At some point it is unsustainable for a society to have so few people own so much wealth.
Why?
Really, why is it unsustainable?
Jeff Bezos through Amazon created 1.6 Trillion dollars of wealth.
Over 500 Billion of it in the last year. Lets put that in perspective,

Jeff Bezos created more wealth than the entire country of Poland over the last year.

He CREATED it, he didn't take it from anyone, he didn't steal it form anyone.

Last year it wasn't there, this year it is.
 

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Case in point.........Jargey's post about the guy who sold a Super Mario game for over $600,000.

He probably paid off bills, maybe bought a home or a vehicle, or helped out some family and maybe donated some money.
All that for an old video game.
Lucky guy got $600k for almost nothing, that's great.
 

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Discussion Starter #25
Amazon depends heavily on publicly funded infrastructure. From airports and ports for offshore goods to roads, highways, hydro, water and sewers, police and fire protection, to the internet from which people shop.

If it wasn't for publicly funded infrastructure, Bezos would selling stuff at a local flea market.

Concluding Bezos owes nothing to the public as compensation is entitlement of the wealthy.
 

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Amazon depends heavily on publicly funded infrastructure. From airports and ports for offshore goods to roads, highways, hydro, water and sewers, police and fire protection, to the internet from which people shop.

If it wasn't for publicly funded infrastructure, Bezos would selling stuff at a local flea market.

Concluding Bezos owes nothing to the public as compensation is entitlement of the wealthy.
You're right, and they pay for all that infrastructure, though taxes.
They pay gas taxes, property taxes, income taxes etc, just like every other citizen and company.

You still haven't explained why Jeff Bezos being rich is a problem. It isn't like he took a pile of gold coins and locked them in a safe. It's almost all paper wealth from the growth of Amazon stock.
 

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Discussion Starter #27 (Edited)
Amazon doesn't pay taxes. In fact they got a refund of taxes in the US.

Amazon earned $11 billion in profits in 2018 and got a refund of $129 million.

The US corporate tax rate is 21% and Amazon's tax rate is -1%.

They collect sales taxes to submit to the Federal and Provincial government but that is paid by consumers......not Amazon. Most of the "employment" Amazon creates is in China.

I hope Trudeau clamps down on all these corporate welfare freeloaders.

 

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Discussion Starter #28
Businesses like a buddy of mine owns write off 2 new Ford Lincoln Navigator vehicles for himself and his wife as President and VP of his company. Gas, insurance, cell phones, computers, office space in their large rural home, dinners out and travel for "business"......all write offs. No wonder he laughs when he says his accountant tells him he has to spend money or pay taxes. He is a nice guy and he knows BS when he sees it.

Meanwhile average Canadians going to work by bus can no longer deduct the cost of their bus pass.

Fairness ?.........we are a long ways from anything being close to fair in the current system.

Tear it down, rip it up........and start over. It is time for the Great Reset. Go get em.........Chrystia.
 

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Businesses like a buddy of mine owns write off 2 new Ford Lincoln Navigator vehicles for himself and his wife as President and VP of his company. Gas, insurance, cell phones, computers, office space in their large rural home, dinners out and travel for "business"......all write offs. No wonder he laughs when he says his accountant tells him he has to spend money or pay taxes. He is a nice guy and he knows BS when he sees it.

Meanwhile average Canadians going to work by bus can no longer deduct the cost of their bus pass.

Fairness ?.........we are a long ways from anything being close to fair in the current system.

Tear it down, rip it up........and start over. It is time for the Great Reset. Go get em.........Chrystia.
I say fix the current system.
But yeah, extremists like you want to tear down the system.

It's funny there are still people who don't understand it's the leftist extremists who want to destroy society, while the Conservatives want to stand up and protect it.


I don't think our government is capable, willing, or even interested in fixing the system. What makes you think the new system they create would be any better?
Look at telemarketting calls, political campaigns are one of the few exemptions.

Also if they wanted to close the tax loopholes, they could, they just don't want to.
 

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It will be very interesting to see how the Opposition dances around the budget...whatever is in it.

The absolute last thing that O'Toole wants at this time is an election. He will lose. It means he is finished as leader. Will Conservative MPs vote as they are told, or absent themselves from the vote as they are told.....or will they break ranks to defy their leader and trigger a new leadership convention???
 

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I suspect O'Toole could lose and get another kick at the can, if he doesn't make it a blowout or annoy the base too much.
 

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I say fix the current system.
But yeah, extremists like you want to tear down the system.

It's funny there are still people who don't understand it's the leftist extremists who want to destroy society, while the Conservatives want to stand up and protect it.


I don't think our government is capable, willing, or even interested in fixing the system. What makes you think the new system they create would be any better?
Look at telemarketting calls, political campaigns are one of the few exemptions.

Also if they wanted to close the tax loopholes, they could, they just don't want to.
People like them still think Chavez and Maduro were good for Venezuela. The problem is, you run out of golden geese to kill.
 

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People like them still think Chavez and Maduro were good for Venezuela. The problem is, you run out of golden geese to kill.
No no, you don't understand, they did a good job with their authoritarian socialist paradise.
Just after a first few years of tearing down the system and destroying all the wealth, they started "doing socialism wrong"

The thing that scares me the most with "the great reset", is that these people don't seem to see that their idealized imaginary utopia doesn't work.
 

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Aren't property taxes a pseudo wealth tax? And nobody is screaming about that?
People are constantly complaining about it.

Particularly since it's random and unfair.

My house was assessed at 20% more than my neighbour, who has the exact same house on a larger lot.
Same house as in the exact same model, built in the same year, by the same builder, with an identical layout.
I appealed the assessment, they rejected it.
 

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People are constantly complaining about it.

Particularly since it's random and unfair.

My house was assessed at 20% more than my neighbour, who has the exact same house on a larger lot.
Same house as in the exact same model, built in the same year, by the same builder, with an identical layout.
I appealed the assessment, they rejected it.
What province. I appealed mine and won. In Ontario. Have you used AboutMyProperty ? Not sure if it captures Ontario properties or nation wide.
 

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What province. I appealed mine and won. In Ontario. Have you used AboutMyProperty ? Not sure if it captures Ontario properties or nation wide.
Aboutmyproperty gives you all the details you need to compare. Size, age, quality of structure etc etc. It’s interesting to see what’s on file for you and your neighbours properties. 5 factors drive approx 85% of the assessment.
 

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What province. I appealed mine and won. In Ontario. Have you used AboutMyProperty ? Not sure if it captures Ontario properties or nation wide.
Ontario.
Like I said, exact same house design, same builder, across the street, but they have a larger lot.
MPAC don't care, they're a monopoly, and not much you can do about them.

I actually don't have a problem with non-exploitive monopolies. But when they abuse their monopoly power, like MPAC, or Governments, I have an issue.
 

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Case in point.........Jargey's post about the guy who sold a Super Mario game for over $600,000.

He probably paid off bills, maybe bought a home or a vehicle, or helped out some family and maybe donated some money to help out other people.

But what about the guy who bought the game for over $600,00 ?

Only a super wealthy person would think owning a game was the most important thing he could do with that kind of money ? They likely bought it so they could brag to their rich friends over dinner.......nah, nah, nah......look what I bought.

And likely none of their miffed rich buddies would think to say.....are you nuts, you could have given that money to the food bank . The super wealthy just don't think that way.

There are studies done by Harvard that proved the more wealth a person has the more privileged they believe they are by virtue of their wealth. During a monopoly game where they got double the money for passing GO and charged double the rent (a huge unfair advantage over the other players)......as they inevitably acquired more wealth they moved the snack bowl closer and closer to themselves until it was right beside them and they were eating all the snacks.

That is how it works in real life too. It is the entitlement of the rich.
Here's another way to look at it. What if the person DIDN'T buy the game. The seller wouldn't have the money to do all of those things you are speculating.

Is the over situation worse or better? Let's take your many assumptions and say they are correct.
Scenario 1: Wealthy person has an expensive game to brag about, or whatever they want to do with it. Seller is has now $600k more to do all those lovely things you say. Both are happy. SAGS unhappy

Scenario 2: Wealthy person doesn't buy game. Wealthy person unhappy, Seller unhappy, SAGS unhappy because he doesn't agree that people should be able to spend THEIR money the way they want.

Scenario 3: Wealthy person doesn't buy game, and SAGS gets to spend their money for charity. Wealthy person unhappy, seller unhappy, a cause SAGS thinks is worthy and SAGS happy.

Which one is right? The scenario 1, because one should not get to dictate how someone else spends there money. PERIOD. If you disagree, then give back all government benefit you have EVER received, and let people with less money then you decide how you spend your fluffy pension. If you cannot do that, then you have no right to spend other people money just because they make more.

Your attitude is an entitlement because you believe you should get something you didn't earn.
 

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Discussion Starter #40 (Edited)
Scenario 1 is irrelevant. The game was purchased during an auction and the buyer and seller wouldn't know each other. There was no conscious objective by the buyer to "help" the seller.

Scenario 2 doesn't apply because the money was never spent for either a game or charity.

Scenario 3 is closer to the truth. The wealthy person is unhappy they gave the money to charity instead of buying a game for themselves. Maybe in the realm of the super wealthy donating to charity doesn't have the same pleasure factor as acquiring a rare asset.

A decision by a wealthy person to prioritize buying an old game over donating to a worthy cause that could help a lot of people reveals a lack of a moral compass in my opinion.
 
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