New Taxes

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New Taxes
Topic Started: Mar 6 2016, 12:56 AM (341 Views)
haili	Mar 6 2016, 12:56 AM Post #1
Gold Star Member Posts: 7,084 Group: Member Member #387 Joined: September 15, 2006	It seems that I'm not alone complaining about Kathleen Wynn's new taxes on home heating, hydro, gas, drugs, etc. The Toronto Star letter page is full of complaints by seniors wondering how to make ends meet with all these extra costs and only a less than $6. raise in the old age pension. How this will help global warming is beyond me since we all still have to heat and light our homes and many like me have to drive to get to appointments, shopping etc. The companies that can afford it will continue to pollute and can buy carbon credits, so where is the benefit? It all seems like a tax grab that does nothing for the environment IMO.



Trotsky	Mar 6 2016, 01:22 AM Post #2
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	Quote: It seems that I'm not alone complaining about Kathleen Wynn's new taxes on home heating, hydro, gas, drugs, etc. The Toronto Star letter page is full of complaints by seniors wondering how to make ends meet with all these extra costs and only a less than $6. That sounds like the machinations of a very right wing conservative government who believes the country should be carried on the backs of the poor with regressive taxes (raise taxes on the poor so they can be cut for the rich.) I thought you guys voted for a different type of government than that.



FuzzyO	Mar 6 2016, 01:37 AM Post #3
Posts: 16,968 Group: Administration Member #710 Joined: March 30, 2010	Yup, we gave the provincial Liberal governement a resounding mandate in spite of many things.



Darcie	Mar 6 2016, 03:29 AM Post #4
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	FuzzyO Mar 6 2016, 01:37 AM Yup, we gave the provincial Liberal governement a resounding mandate in spite of many things. Remember Huduck? If we picked the NDP the taxes would be higher I think. No one likes taxes, but what they buy is just assumed to be our right for free. laugh123



friendshipgal	Mar 6 2016, 04:01 AM Post #5
Guess everyone wants their own Trudashians Posts: 12,815 Group: Member Member #241 Joined: February 12, 2006	there are more carbon taxes on the way from the Feds. No one expects anything for free, except maybe socialist or NDPers. However, the additional taxes are regressive and causing lot of pain for lower and middle income people. They are using their new 'revenue tools' to help balance the books on the backs of students, seniors and families. If carbon taxes are intended to lower demand for heat, fuel and hydro I doubt that most of us could cut back much more unless we go back to living in a cave. ETA: Premier Wynne tells Justin Trudeau that his greenhouse gas targets are unmeetable -- you know they're unmeetable http://www.cbc.ca/news/politics/federal-government-climate-targets-1.3477171 Edited by friendshipgal, Mar 6 2016, 04:24 AM.



wildie	Mar 6 2016, 04:40 AM Post #6
Veteran Member Posts: 12,173 Group: Member Member #442 Joined: October 11, 2006	Trotsky Mar 6 2016, 01:22 AM Quote: It seems that I'm not alone complaining about Kathleen Wynn's new taxes on home heating, hydro, gas, drugs, etc. The Toronto Star letter page is full of complaints by seniors wondering how to make ends meet with all these extra costs and only a less than $6. That sounds like the machinations of a very right wing conservative government who believes the country should be carried on the backs of the poor with regressive taxes (raise taxes on the poor so they can be cut for the rich.) I thought you guys voted for a different type of government than that. This government has profoundly demonstrated that we have an electorate with a questionable intellect! Rumour has it that Trump has been reading Kathleen Wynne's play book!



heatseeker	Mar 6 2016, 05:01 AM Post #7
Veteran Member Posts: 10,320 Group: Member Member #713 Joined: March 30, 2010	It isn't just the provincial government. The city of Toronto keeps bumping up fees for everything, most notably water sewage and garbage collection.



Darcie	Mar 6 2016, 05:22 AM Post #8
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	We could always get a hunk of land in the boondocks, cut the trees down, build a cabin, dig a pit and and outhouse, then dig a well for water, put in a septic tank and somehow provide our own heat and power (get a solar system going). The possibilities are endless. We would have to buy a snowmobile for transportation, no roads, and a horse for the summer. We could also put in a garden and raise chickens eh! I'm exhausted already. Edited by Darcie, Mar 6 2016, 05:23 AM.



haili	Mar 6 2016, 05:53 AM Post #9
Gold Star Member Posts: 7,084 Group: Member Member #387 Joined: September 15, 2006	But snowmobiles use gas! Digging wells takes energy and lots of money and rural property isn't cheap. We already pay some of the highest energy prices in Canada and now it's even higher. My hydro bill went up about $30 though I try to do washing etc. during lower peak times. I don't see much difference between Liberals and Conservatives and at least the NDP wouldn't tax the lowest income people. We already have sales taxes that affect even the lowest income people. Remember when Cretien promised to "axe the tax?" That didn't happen.



swing	Mar 6 2016, 06:20 AM Post #10
swing Posts: 9,979 Group: Member Member #359 Joined: August 18, 2006	Our utility bill which came online yesterday, electricity used amounted to 42.00, total after charges 97.00. Gas used was 33.00, total after charges 135.00, adding garbage pick up and water, bill totals 358.00. Imagine what it is in -30! Edited by swing, Mar 6 2016, 06:21 AM.



Delphi51	Mar 6 2016, 07:26 AM Post #11
Member title Posts: 13,967 Group: Administration Member #441 Joined: October 10, 2006	All taxes end up being paid by the people. Companies just pass them on to us. I think the same applies to government spending. We have to pay for it in taxes, or at least the interest on it until a future government feels it can be paid off without upsetting voters too much. A billion here and a billion there adds up to a lot of interest over a few years. I think Ontario has to pay $30 billion in interest per year now ($2000 per person). Alberta is catching up quickly. And what happens if interest doubles to 2%?



Darcie	Mar 6 2016, 07:34 AM Post #12
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	Delphi51 Mar 6 2016, 07:26 AM All taxes end up being paid by the people. Companies just pass them on to us. I think the same applies to government spending. We have to pay for it in taxes, or at least the interest on it until a future government feels it can be paid off without upsetting voters too much. A billion here and a billion there adds up to a lot of interest over a few years. I think Ontario has to pay $30 billion in interest per year now ($2000 per person). Alberta is catching up quickly. And what happens if interest doubles to 2%? So.... we pay all this interest to the banks eh? Who is "the bank" who gets all this money? It is the shareholders of the bank, mostly the rich. The rich own the government and the taxes, and yet we go on and on supporting this system. It is called capitalism, grin and bear it. Boggles my mind. Edited by Darcie, Mar 6 2016, 07:35 AM.



Delphi51	Mar 6 2016, 09:41 AM Post #13
Member title Posts: 13,967 Group: Administration Member #441 Joined: October 10, 2006	Quote: The Ontario debt consists of domestic bonds, international bonds, treasury bills & U.S. commercial paper and non-public debt. As of September 30, 2013 the breakdown is as below:[7] Domestic Bonds - $189.6B (66%) International Bonds - $65.5B (23%) Treasury Bills & U.S. Commercial Paper - $19.7B (7%) Non-Public Debt - $13.3B (4%) https://en.m.wikipedia.org/wiki/Ontario_government_debt Looks like the debt is mostly held by people who bought bonds. That would include pension funds, seniors' RRSPs and the like. No doubt some wealthy people bought some of the bonds, though I expect they can afford to invest in riskier things like companies, land, new ideas. I don't have any bonds but I do have shares of several banks that probably have some Ontario bonds. The communist countries and some dictatorships tried taking wealth away from the rich and it didn't work out very well. They tend to move away and take their valuables with them. Much of the wealth is invested in infrastructure so taking it away for government impulse spending tends to make a country less well off.



Trotsky	Mar 6 2016, 09:45 AM Post #14
Big City Boy Posts: 38,319 Group: Member Member #79 Joined: September 8, 2005	Quote: Rumour has it that Trump has been reading Kathleen Wynne's play book! Turning the pages with his teeny-weeny little hands. laugh123 laugh123



Darcie	Mar 6 2016, 10:07 AM Post #15
Skeptic Posts: 31,154 Group: Member Member #714 Joined: March 30, 2010	Delphi51 Mar 6 2016, 09:41 AM Quote: The Ontario debt consists of domestic bonds, international bonds, treasury bills & U.S. commercial paper and non-public debt. As of September 30, 2013 the breakdown is as below:[7] Domestic Bonds - $189.6B (66%) International Bonds - $65.5B (23%) Treasury Bills & U.S. Commercial Paper - $19.7B (7%) Non-Public Debt - $13.3B (4%) https://en.m.wikipedia.org/wiki/Ontario_government_debt Looks like the debt is mostly held by people who bought bonds. That would include pension funds, seniors' RRSPs and the like. No doubt some wealthy people bought some of the bonds, though I expect they can afford to invest in riskier things like companies, land, new ideas. I don't have any bonds but I do have shares of several banks that probably have some Ontario bonds. The communist countries and some dictatorships tried taking wealth away from the rich and it didn't work out very well. They tend to move away and take their valuables with them. Much of the wealth is invested in infrastructure so taking it away for government impulse spending tends to make a country less well off. Why does everyone think that communism is the only alternative to capitalism. With all the brains around you would think that economists etc. could come up with a system that is superior to either, for a start, take the best from both and add to it. It is doomsday thinking that there is only capitalism and communism, it is shutting of the brain.



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