Gap between rich and poor widens in Canada

[JLM]

Canada's rich still getting richer: OECD | Economy | News | Financial Post

I'm wondering if there is a way for the rich to invest in things to improve the lot of the poor without hurting the rich, but at the same time creating opportunities (not handouts) for the poor.

 

[petros]

They got rich by hurting the poor. Why would they have a change of heart?

 

[JLM]

They got rich by hurting the poor. Why would they have a change of heart?

Some do, most don't. :smile:

 

[petros]

Really? Are you confident about that? The only time you see the "rich" do anything philanthropic is because of tax loopholes.

 

[JLM]

Really? Are you confident about that? The only time you see the "rich" do anything philanthropic is because of tax loopholes.

Aren't the rich taxed enough already?

 

[petros]

I dunno? Are they? Set up the JLM Society and move all your income into it so it's tax free. Then you can spend whatever you like to improve the well being of JLM.

 

[JLM]

I dunno? Are they? Set up the JLM Society and move all your income into it so it's tax free. Then you can spend whatever you like to improve the well being of JLM.

Income tax isn't really a problem for me since Harper gave the seniors a break. It's these other god damn taxes and fees! :smile:

 

[petros]

Those other taxes and fees become credits for the JLM Society and after you donate your pensions to the JLM Society you'll get a juicy personal credit for next year.

 

[mentalfloss]

More Canadians giving – and giving more – to charity: Statscan

Canadians gave more to charity in 2010, showing signs that philanthropic giving is rebounding after the last two years of recession.

Statistics Canada data released Monday show that tax filers claimed just under $8.3-billion in 2010, up 6.5 per cent from 2009. At the same time, the number of donors increased 2.2 per cent to just over 5.7 million Canadians.

While the percentage of Canadians claiming donations has been steadily dropping since 1997, the figure also climbed back slightly to 23.4 per up from the all-time low of 23.1 per cent.

The national median donation was $260 in 2010, which was also $10 more than the median in 2009.

More Canadians giving – and giving more – to charity: Statscan - The Globe and Mail

 

[JLM]

More Canadians giving – and giving more – to charity: Statscan

Canadians gave more to charity in 2010, showing signs that philanthropic giving is rebounding after the last two years of recession.

Statistics Canada data released Monday show that tax filers claimed just under $8.3-billion in 2010, up 6.5 per cent from 2009. At the same time, the number of donors increased 2.2 per cent to just over 5.7 million Canadians.

While the percentage of Canadians claiming donations has been steadily dropping since 1997, the figure also climbed back slightly to 23.4 per up from the all-time low of 23.1 per cent.

The national median donation was $260 in 2010, which was also $10 more than the median in 2009.

More Canadians giving – and giving more – to charity: Statscan - The Globe and Mail

Uh????????????????? I would have thought the average donation would be $20 or less. Most of the donations that go in the Sally Ann Kettles is just change!

 

[damngrumpy]

What is enough tax? It used to be they paid their share to keep the society operating
efficiently now of course they are paying somewhere around twelve percent. The fact
is we have adopted a new outlook, we embraced the idea there should be socialism
for the rich and free enterprise for the poor. We see more and more government fees
for things, and that meant relief for corporations. A prime example is in BC. When
Gordon Campbell took power he doled out a two billion dollar tax break for the wealthiest
people. In additions the ordinary people saw all kinds of new fees from hunting licences
to paid parking in provincial parks.
Then they sprang the idea of the HST on the people of BC. This was great for business
but not so good for fixed income, and the poor. Those groups got to pay the taxes for
the rich. I believe companies and those wealthy people who invest in the future need
to make a profit. In addition they must be socially responsible to the communities they
serve. That is not happening. Every time the gap gets to big, the rich get greedy and we
have a recession followed by a massive depression. The last depression saw twenty
five percent of the people effected directly. This time its said that somewhere near
80 percent of more will be effected. If that were to happen this time, I think we would see
massive unrest and eventually a revolution.
The rich must pay more or there must be a realignment of the pay scale system to ensure
the rich and poor ratio narrows

 

[JLM]

What is enough tax? It used to be they paid their share to keep the society operating
efficiently now of course they are paying somewhere around twelve percent. The fact
is we have adopted a new outlook, we embraced the idea there should be socialism
for the rich and free enterprise for the poor. We see more and more government fees
for things, and that meant relief for corporations. A prime example is in BC. When
Gordon Campbell took power he doled out a two billion dollar tax break for the wealthiest
people. In additions the ordinary people saw all kinds of new fees from hunting licences
to paid parking in provincial parks.
Then they sprang the idea of the HST on the people of BC. This was great for business
but not so good for fixed income, and the poor. Those groups got to pay the taxes for
the rich. I believe companies and those wealthy people who invest in the future need
to make a profit. In addition they must be socially responsible to the communities they
serve. That is not happening. Every time the gap gets to big, the rich get greedy and we
have a recession followed by a massive depression. The last depression saw twenty
five percent of the people effected directly. This time its said that somewhere near
80 percent of more will be effected. If that were to happen this time, I think we would see
massive unrest and eventually a revolution.
The rich must pay more or there must be a realignment of the pay scale system to ensure
the rich and poor ratio narrows

To this day I'm still in a quandary as to H.S.T. vs. P.S.T. + G.S.T. for us in B.C. The financial experts like Michael Levy and Michael Campbell know what the answer is and they are on the news all the time. Did no one think to ask them? :smile:

 

[damngrumpy]

JLM they had vested interests in ensuring the HST made its way as part of our life.
These are people who are tied at the hip to the business community. Asking them
is of little use as they were cheerleaders for the tax right from the start.
Let me put it this way, for business it was and is good, and as a farmer its very good.
I get a hell of a lot more money back and there are more tax rebates than before no
denying that. The trouble is for me is that the amount of rebate for the poor and the
the elderly or those on fixed incomes it was a lifestyle change that they would never
recover from.
Perhaps good for me, but then for my customers and the people at large it meant the
business community got a break and the ordinary folks got to pay for it. The real
problem is the fact that the government was using slight of hand in bringing it in and
people didn't want it. It was a lightning rod issue and people said no, because to the
irresponsible actions of the present government.
It became an issue at the crossroads of politics and economics and politics won there
is no more to say.

 

[MHz]

Canada's rich still getting richer: OECD | Economy | News | Financial Post

I'm wondering if there is a way for the rich to invest in things to improve the lot of the poor without hurting the rich, but at the same time creating opportunities (not handouts) for the poor.

How about ending the handouts for the rich?? Like the $34B we pay as interest on out National debt yearly and it will always get bigger.

 

[damngrumpy]

The Occupy Movement is proven right today and I think the movement will grow
it won't be in tent cities but the sentiments will soon it will rise again. Resentment
will grow and grow quickly. We are a world that is disillusioned and angry about
mounting debt and now jobs, increased taxes for the average guy and no taxes
for the rich. The fact is the people who have been running the governments and
the economy have made one giant mess and people are educated now and they
are not going to take this lying down,
I think this could be the beginning of the end for the ultra conservative movement
people out of work want something new. We have not heard the last of this.

 

[Nuggler]

The Occupy Movement is proven right today and I think the movement will grow
it won't be in tent cities but the sentiments will soon it will rise again. Resentment
will grow and grow quickly. We are a world that is disillusioned and angry about
mounting debt and now jobs, increased taxes for the average guy and no taxes
for the rich. The fact is the people who have been running the governments and
the economy have made one giant mess and people are educated now and they
are not going to take this lying down,
I think this could be the beginning of the end for the ultra conservative movement
people out of work want something new. "".

We have not heard the last of this"".............Let's hope not.

 

[JLM]

JLM they had vested interests in ensuring the HST made its way as part of our life.
These are people who are tied at the hip to the business community. Asking them
is of little use as they were cheerleaders for the tax right from the start.
Let me put it this way, for business it was and is good, and as a farmer its very good.
I get a hell of a lot more money back and there are more tax rebates than before no
denying that. The trouble is for me is that the amount of rebate for the poor and the
the elderly or those on fixed incomes it was a lifestyle change that they would never
recover from.
Perhaps good for me, but then for my customers and the people at large it meant the
business community got a break and the ordinary folks got to pay for it. The real
problem is the fact that the government was using slight of hand in bringing it in and
people didn't want it. It was a lightning rod issue and people said no, because to the
irresponsible actions of the present government.
It became an issue at the crossroads of politics and economics and politics won there
is no more to say.

We have to keep in mind that the taxes businesses pay ultimately comes from one source.............their customers, so if their tax burden goes down then eventually in theory at least, the benefits to the customer should increase.

 

[Cannuck]

In the off chance, I'm not a multi-millionaire when I retire, in about 20 years. I have no problem giving to seniors and other less fortunates. My issue is with their ungratefulness and their belief that they are "entitled to their entitlements", especially when they are some of the first to whine about others on the government tit.

 

[JLM]

The difference is I wouldn't complain about how hard done by I was.

Link please

 

[taxslave]

What is enough tax? It used to be they paid their share to keep the society operating
efficiently now of course they are paying somewhere around twelve percent. The fact
is we have adopted a new outlook, we embraced the idea there should be socialism
for the rich and free enterprise for the poor. We see more and more government fees
for things, and that meant relief for corporations. A prime example is in BC. When
Gordon Campbell took power he doled out a two billion dollar tax break for the wealthiest
people. In additions the ordinary people saw all kinds of new fees from hunting licences
to paid parking in provincial parks.
Then they sprang the idea of the HST on the people of BC. This was great for business
but not so good for fixed income, and the poor. Those groups got to pay the taxes for
the rich. I believe companies and those wealthy people who invest in the future need
to make a profit. In addition they must be socially responsible to the communities they
serve. That is not happening. Every time the gap gets to big, the rich get greedy and we
have a recession followed by a massive depression. The last depression saw twenty
five percent of the people effected directly. This time its said that somewhere near
80 percent of more will be effected. If that were to happen this time, I think we would see
massive unrest and eventually a revolution.
The rich must pay more or there must be a realignment of the pay scale system to ensure
the rich and poor ratio narrows

You still don't understand how HST works do you?