OTTAWA – Wealthy Canadians have begun a ‘Freegains convoy’ to Ottawa in their BMW X3s in protest of the government’s plan to raise the inclusion rate on annual capital gains in excess of $250,000.00 dollars. “Not since the city of Toronto tried to build affordable housing in Rosedale has our communi...
Although it wouldn't surprise me if something like this happened. But it wouldn't be X3s... That's not a rich guy car. I work with at least 5 guys that drive them.
Man, even when satirizing the 1%, folks have trouble comprehending just how sociopathic they really are. In reality, there's no way that asshole would pay his butler enough to trickle down through multiple layers.
As someone who makes ok money I'd like people to understand that there really isn't lower, middle and upper class. There's people with "Fuck you" money and people without "Fuck you" money. $250k is not "Fuck you" money.
$250k in cap gains represents about a million dollars of gain. That's not enough to retire for most Canadians and is definitely attainable by a lot of workers.
Well, there IS an upper class here in the UK. It's the people who own the country for the last thousand of years. Everyone else is a peasant in their eyes, no matter how much money you have.