I still hope that tax laws get rewritten to clean some of that up. I know the reasoning why it was implemented, but for the past few decades (at least) that has just been a way for the rich to run away from the average. Instead of grossly different tax based on how it was acquired, just go with flat tax. If you made money last year by working, dividends, capital gains etc, here is the tax table to pay. I am ok with percentage changing based on the magnitude but I do not want how you earned it as part of the equation. Isn't US tax code at ~140K pages now? Blow it up and have a two page memo. 139.99K pages are just opportunities for loopholes as your investible assets become large enough to exploit them.
I have very very little faith that this will happen in my lifetime in NA.
Yeah thanks for the info, I saw this one already from the JT thread, yup scary stuff. The idea to create job makes sense, but they the Libs don't seem to be doing that. I know now job creation isn't going to work right now, but once this situation lifts they better have a plan in place to get things rolling and re-build....but it's won't happen, just more of the same and we'll be burdened further with more taxes, and taxes to pay for this free stuff.
The other edge of Poilievre's sword is that at the end of his speech he turns to the need for fast tracking through ecological and cultural issues. What will those cost Canada twenty, fifty or a hundred years down the road?
I have yet to hear of a plan that doesn't sacrifice either today or tomorrow.
We also know that since there's no longer a Gold Standard to mandate having physical gold to be able to initiate printing of paper money that the presses are spinning overtime to print money hand over fist and so the so-called "debt" continues to go up and up such that we talk about our grand kids still paying off this Covid-19 incurred debt.
The US fix of $35 an ounce for gold defined what a dollar was worth. Now it's defined by what someone is prepared to pay for it. A cousin used to collect old US paper bills because they were silver certificates and you could demand silver for them. Now they are treasury notes.
Other than being backed by a government, I'm not sure of the difference between dollars and cryptocurrency.
Thing is you can add real value. In my younger days a bought a couple of ramshackle houses, remodeled and sold. In 86 a 1000sq foot dump cost 35k in Keswick. A 20k rehab and bam- a 95k property that made us $40k.
They are still out there, particularly in small cities outside the gta. I’m doing one right now in Timmins with my kid. Renters destroyed the place, he picked it up for less than land value, with a Reno budget of 80k. When completed this summer, fair market value will be $150k more than his total investment.
In the finance industry they have terms to define those levels:
HNWI (High Net Worth Individual): investable assets of 6-7 figures.
VHNWI (Very High Net Worth Individual): investable assets of at least $5M USD
UHNWI (Ultra High Net Worth Individual): investable assets of at least $30M USD
Problem is that nobody outside of finance knows these definitions, so you might have to spend time explaining what it is, which defeats the purpose.
Also, telling someone you're a Ultra-High-Net-Worth-Individual sounds ultra-douchey...
On another note, those definitions are based off investable assets, so if your mill is locked in your primary residence, you're no longer a HNWI to the mutual fund salesperson. And not surprisingly, they suddenly stop salivating.
I still hope that tax laws get rewritten to clean some of that up. I know the reasoning why it was implemented, but for the past few decades (at least) that has just been a way for the rich to run away from the average. Instead of grossly different tax based on how it was acquired, just go with flat tax. If you made money last year by working, dividends, capital gains etc, here is the tax table to pay. I am ok with percentage changing based on the magnitude but I do not want how you earned it as part of the equation. Isn't US tax code at ~140K pages now? Blow it up and have a two page memo. 139.99K pages are just opportunities for loopholes as your investible assets become large enough to exploit them.
I have very very little faith that this will happen in my lifetime in NA.
You must have the secret shares. NYL just paid their largest dividend in 140 years, 6.2%
DIV.TO, CIM .. seriously? If ya bought those stocks this time last year you would have lost 1/2 your equity. Let me know when their dividend hits 100%, that will offset your capital loss.
You must have the secret shares. NYL just paid their largest dividend in 140 years, 6.2%
DIV.TO, CIM .. seriously? If ya bought those stocks this time last year you would have lost 1/2 your equity. Let me know when their dividend hits 100%, that will offset your capital loss.
New York Life. My bad, I thought you had a solid one in there
Risky your nly on the trash heap with the other two. What good is a dividend of 10% if your stock loses value for 5 consecutive years in a bull market?
Go do a 5 year comparison of the impact of a $1000 investment into your faves over the last 5 years. The compare it to something boring like IBM or RBC.
if you are using these stocks to get you retired I have a tip. Invest in KD.
With all things being equal, when a company issues a $1 dividend, the share price drops $1 accordingly to reflect the reduction in market capitalization.
A good stock is a good stock, regardless of whether it pays 10% dividend or 0% dividend.
A bad stock is a bad stock, regardless of whether it pays 10% dividend or 0% dividend.
Dividend yield is not any kind of indicator of whether a stock is a market outperformer or underperformer.
New York Life. My bad, I thought you had a solid one in there
Risky your nly on the trash heap with the other two. What good is a dividend of 10% if your stock loses value for 5 consecutive years in a bull market?
if you are using these stocks to get you retired I have a tip. Invest in KD.
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