You work hard and pay taxes on your income.
You save your money and pay taxes on the capital gains.
You live responsibly and pay your bills on time thus building a good credit rating.
You purchase a home and pay taxes on the purchase.
You pay property taxes on the home.
You work hard to maintain the home and invest in renovations which of course you pay GST on.
After all of this, if all goes well your home will have gained equity.
Now the Liberal government of Canada is considering stealing your savings through an equity tax and the galling pricks have the nerve to call homeowners who have managed to gain equity “lotto winners”.
Doesn’t that feel nice?
Isn’t it good to know that your retirement and hard earned nest-egg may be snatched away in order to fund things such as the corrupted WE charity that appears to primarily exist in order to launder tax money towards well connected Liberals?
I wish that I was making up this gross travesty but alas its true. The Canadian Mortgage and Housing Corporation (federal government arm) has spent $250,000 in order to study how to gouge Canadians with a home equity tax. When researchers literally describe hard working home owners as “lottery winners” one doesn’t have to wonder too hard about where they plan to go with it.
These are extreme ideologues who want to “equalize” the perceived inequity between renters and home owners. Like all practitioners of the politics of envy, they view the fruits of the labor of others as being unfairly earned somehow. They have a repugnant urge to seize those funds and give them to the irresponsible in hopes of creating an egalitarian utopia.
This is hardly new of course. It has been tried and failed in numerous nations from the Soviet Union to Venezuela. The only thing that changes with extreme socialists is the approach to their goals. In Canada they are trying to do it incrementally rather than through revolution. The end result will still be the same though. They will bankrupt the nation if allowed.
Will Canadians finally find the will to stand up and tell these thieves to piss off?
I fear not.
Canada is broken and the ride is only going to get worse.
Below is episode three of the Cor’s Notes podcast where Cory Morgan and Franco Terrazzano of the Canadian Taxpayer’s Federation discuss disastrous corporate welfare policies which are screwing taxpayers at all three levels of government. It is a great discussion of a pressing issue.