RE:RE:RE:RE:RE:RE:RE:RE:$hit Show Today ?If the share prices are any indication, the financial sector doesn't seem too concerned about a Justin win...
Silkos wrote:"NDP will support this policy in a heartbit. This is the perfect time for Trudeau to tax not only banks and insurance companies, but to extend the tax to other sectors including oil, energy, manufacturing etc. Realistically, why stop at banks and insurance companies? It's borderline discriminatory :) Joking aside, all big corporations are watching this closely and planning ahead. A few simple questions come to mind here, is it ever a positive if capital moves out of the country to avoid higher taxes? If big companies have seconds thoughts about the business environment and policy ahead?
Taxing the rich was top topic on the NDP platform. Take more from the top to level everything - Lenin would be proud. I am sure applies NDP political view applies to corporate world IMO.
Banks won't lose any sleep over this. They have contingency plans. Their numbers one year from now will be as robust as ever.
Same with rich individuals. You think even for a second that they will pay much more? They employ the best financial advisors to make $$$ and protect their holdings. It's a joke to think that indeed this will make a big difference.
I want to also address the housing platforms that was front and center for all parties. There was no real talk about the supply and how developers have bought all land around the GTA and major cities and now control the market by controlling the land. They blame realtors, blind bidding, foreign investors, instead of looking at the supply issue and how banks and developers mess with future generations. The same developers that contribute to political candidates campaigs, both MP and MPP I might add.
Other than that, it's a beautiful day and I am grateful for everything. I know everything will be alright."