Are you all ready to start paying about $15 for a Big Mac?
- Thread starter JLM
- Start date
Where are most of the jobs located, that is the only place one could afford to like unless they have a job that is in demand and can pretty much live anywhere. Are jobs available in or near Regina? On second thought after looking thru the real estate listings, our minimum wage workers couldn't afford Regina.
Actually Petros, rather than buy that joint, you'd be better off with the same money to buy a fairly new mobile home situated in one of the upscale parks. I know of one or two around Vernon and at least you have the protection of being in a detached home and not subject to riff raff's noise etc. The only catch to that is the pad rent can run you close to $400. There is one nice mobile home park on Pleasant Valley Rd. away from heavy traffic and associated riff raff. But even with $41,000 a year it would be a struggle.
It's kind of a catch 22 situation- I know of places in rural B.C. where you can buy a "house" for under $100,000 but there are no jobs within 50 miles.
How familiar are you with Big White Rd? It starts 30 miles from nowhere and heads further into nowhere.
Yeah, the nerve of them, and then they died before they got rich! :lol:
\
It's kind of a catch 22 situation- I know of places in rural B.C. where you can buy a "house" for under $100,000 but there are no jobs within 50 miles.
How familiar are you with Big White Rd? It starts 30 miles from nowhere and heads further into nowhere.
Yeah, the nerve of them, and then they died before they got rich! :lol:
That is the same problem in southern Florida. Great for vacation, tourists and to retire, but not to many jobs other than medical or waiting tables. (what a difference in the type of jobs) There are of course other jobs, but not as many as there use to be, they all packed up when this economic disaster hit.
At $10.50 an hr they don't meet the minimums to pay taxes. They'll get a full refund and GST rebates paid quarterly. Kids? Ehose noisy messy things wil get you yet more tax credits and bonuses.
If they can dish out $6000-$10,000 a year in rent, they sure as **** can buy $130K condo in the glorious Okanogan with the bank's blessing. Immigrants don't have any problems making the sacrifices to save up while renting to put $5K down on a mobile home or ****ty condo.
I lived in the OK for 13 years. I know it like the back of my ass. You are aware that there is year round work on Big White and as for the distance some jackass in Armstrong still has to drive to Vermin to shop at Zellers.
Last edited:
They don't meet the minimums to pay taxes? Besides possibly income tax I'd sure like to know which taxes they'd be. I don't think people earning $10.25 an hour would find Big White too enjoyable. For one thing you'd have to go to Kelowna once or twice a month for provisions and the gas prices here now make that pretty well impossible. At above 4000' elevation your annual heating bill would rise astronomically.
Businesses in BC have gotten plenty of tax breaks over the years from the Campbell govt, time for a break for lower wage earning people. That's what I heard from a small biz owner on the radio and I agree.
I was thinking more in terms of "eventually" than right away, but beside the price creeping up there is now the 12% extra burden of H.S.T. and depending on the location there could be parking meters to plug.
There has to be a saturation point on these items. People won't pay outrageous prices for certain things, and a $15 Big Mac would fit that bill. If it ever came to that, you may actually see a return to the old ways of dinner. People will make their meals at home at a far cheaper cost, as the cost-to-convenience factor will only go so far.
Yes and no- quite often it does reach a point where some people will put their foot down and say enough's enough, but most often the prices just creep up a nickel a month or so and people don't really notice it until some magic figure like $10 or $15 is reached.
If we just closed the loopholes most of the corporations used and actually collected what they owe we could cut personal income tax to about 10% and still be ahead of the game.
For example, RBC has avoided $2.5 billion in taxes since 2007 using various offshore tax havens. HSBC group has 1 subsidiary in the Bahamas (tax exempt) with a net income of $1.01 billion compared to the entire group in Canada with a net income of $1.06 billion. The list is quite large and amounts to about $95 billion in dodged taxes every year.
That amounts to a lot of personal tax.
Many companies do business out of the Caymans (or Cyprus, etc.). As far as RBC is concerned, assuming that this is a subsidiary which is registered and based out of the Caymans (etc), there is nothing illegal about it. Groups like HSBC originate in Asia and they have operations in Canada and elsewhere.
The real message here is that Canada's tax structure is punitive and it is in the best interest of companies and individuals to mitigate this by operating (completely legally I might add) out of places like the Caymans that have a consumption-based tax system that doesn't hammer you for having made money.
Keep pushing this agenda of penalizing people and companies for succeeding and you'll see a lot more activity in the tax havens from these groups fleeing.
Ever wonder why people resort to having to hide their money. It is the tax man. Bet a country especially both of ours could save the citizens a lot just first by eliminating all taxes, then start tacking on taxes that the people (not politicians) vote for that the majority think are needed to run a country, county province etc We have taxes on taxes which by the way are illegal in the U.S. but happen gasoline being one item that is taxed and taxed again 2-4 times before customer buys it.. Lets lay out all the taxes we pay and go thru everyone to see if it is really needed.
All taxes are a burden.
Well, for instance on a $10 item it's another $1.20. I didn't think that was too tough to figure out.