$6B to Quebec

[AlbertaFarmer5]

So you mean like the socialist Sask Party in Saskatchewan? If Alberta had used Saskatchewan's "socialist" tax system they would be running large surpluses instead of deficits.

But Albertan's wouldn't want to have a provincial sales tax? Only socialists collect sales taxes! LOL

The rich kid on the block telling us how badly they are mistreated! So did you save anything for a rainy day like Norway or is it just party until all the oil is gone and the money runs out?

I fully support any and every type of consumption taxes as opposed to punitive income taxes. Sales taxes are democratic, I can choose to spend my money on a new boat and pay the sales tax, or I can choose to invest it in productive sectors of the economy not subject to consmption taxes.

There is no choice with income taxes. They equally punish those most able and willing to contribute to our economy as those who will waste it all. While giving the parasites a complete free ride.

[chuckChuck]

A5 free riders like you, love your bailouts and subsidies and sending their kids to public school, driving on public roads and enjoying public healthcare but don't want to pay their fair share of taxes to pay for it.
It's the libertarian way.

Consumption taxes are considered regressive because many low income people still have to pay them on basics to survive.

Progressive income taxes are fairer because you pay more tax based on your income and your ability to pay. And the personal tax exemption can be high enough that low income earners don't have to pay much tax.

And don't worry if you work hard and earn lots of money you can still be rich.

And how is it a farmer who claims to be making no money is paying income tax anyway?

[blackpowder]

I'm briefly in the position where I will likely borrow more money to pay taxes over the next few years. I can't cash flow payments on everything that is producing and the tax on accrued.
Not crying about the rules just how its spent. Capital gains on the other hand will force some land out of beneficiaries hands.

[AlbertaFarmer5]

Capital gains on the other hand will force some land out of beneficiaries hands.

Now convince me that this would be a bad thing?
Not at all a contentious issue on a farmer forum...

[blackpowder]

I suppose in the long run it's not necessarily a bad thing. Land ownership wouldn't be diluted down over generations as in some SA countries.
The generation facing the cemetery here are sure in tears. The notion of their non farming heirs some day not owning land.
And as in all business, growth needs to maintain at a rate to cover inflation and taxes.
It is however, brutal on the unprepared. I'm cleaning up a very expensive mess left by my parents.
Keep it or sell it, the tax bill I face needs paying someday. Hopefully by an insolvent estate?? 😂

[AlbertaFarmer5]

A5 free riders like you, love your bailouts and subsidies and sending their kids to public school, driving on public roads and enjoying public healthcare but don't want to pay their fair share of taxes to pay for it.
It's the libertarian way.

Consumption taxes are considered regressive because many low income people still have to pay them on basics to survive.

Progressive income taxes are fairer because you pay more tax based on your income and your ability to pay. And the personal tax exemption can be high enough that low income earners don't have to pay much tax.

And don't worry if you work hard and earn lots of money you can still be rich.

And how is it a farmer who claims to be making no money is paying income tax anyway?

You need to work on your strawman arguments. They don't seem to be working.

I don't complain at all about paying my fair share of taxes. I've travelled enough of the world to appreciate the services and level of infrastructure we enjoy.

But the current system makes it very very difficult to invest, create, start businesses. While simultaneously protecting the interests of those already established. When the harder you work, the more taxes are removed before you can have any say in how you would have otherwise spent those dollars, any investments have to be done using the remaining after tax dollars, meanwhile, the established business enjoys much lower flat corporate tax rates on their profits, and any profits reinvested are not taxed.

You have often indicated your hatred, resentment and jealousy of businesses, and corporations. This cause should fit your agenda.

Let the working man decide how best to invest his (her) income. The majority will spend it exactly as they always have, paying the same amount of consumption taxes, as they would have had forcibly removed from their paycheques before. The minority who have the ambition, motivation, skills, ideas and opportunities choose to invest the entirety of their income in their ventures. Where they will add to our GDP, create employment, add to the tax base, and innovate services or technologies that benefit all of us.

Or we could do it your way, and stifle all investment and innovation, while further entrenching the pattern of the big getting bigger, and ensuring that the working stiff is unable to ever rise up to his ( or her) potential. It worked so well in the USSR after all.

And I've never complained about not making money farming. I'm proud to say that we pay a lot of taxes ( corporate). Accountant and banker say we are in a class of our own, by a wide margin. After many years of working around the clock sending most of my paycheques away in taxes, investing the remainder into building the farm, it eventually paid off. The odds are certainly stacked against doing it this way with the current taxation regime.

[Hamloc]

A5 free riders like you, love your bailouts and subsidies and sending their kids to public school, driving on public roads and enjoying public healthcare but don't want to pay their fair share of taxes to pay for it.
It's the libertarian way.

Consumption taxes are considered regressive because many low income people still have to pay them on basics to survive.

Progressive income taxes are fairer because you pay more tax based on your income and your ability to pay. And the personal tax exemption can be high enough that low income earners don't have to pay much tax.

And don't worry if you work hard and earn lots of money you can still be rich.

And how is it a farmer who claims to be making no money is paying income tax anyway?

In your previous post you argue for a sales tax, in this post you argue against it, so which is it? Myself I believe sales taxes are a more efficient way for governments to raise revenue and the revenue from sales taxes is more consistent than income taxes which tend more steeply downward during an economic downturn. I think it has been a great mistake that there is no sales tax in Alberta.

[Old Cowzilla]

I would rather have my non farming kids own my property than the gov or some teachers union.

[AlbertaFarmer5]

In your previous post you argue for a sales tax, in this post you argue against it, so which is it? Myself I believe sales taxes are a more efficient way for governments to raise revenue and the revenue from sales taxes is more consistent than income taxes which tend more steeply downward during an economic downturn. I think it has been a great mistake that there is no sales tax in Alberta.

Just more taxes, of all kinds, on everyone except himself of course. Its the socialist way.

Another good quote from Chuck a couple of days ago.

But excess profits are not needed.

Now he is in charge of deciding how much profits are enough, vs excess.

[Guest]

Just more taxes, of all kinds, on everyone except himself of course. Its the socialist way.

Another good quote from Chuck a couple of days ago.

But excess profits are not needed.

Now he is in charge of deciding how much profits are enough, vs excess.

And which laws are ok to break if you are a socialist