RE:RE:RE:RE:Pumpkin Head blows his load againmitochondria wrote: I don't normally respond to posts on these boards, I try to glean what i can from what appears to be educated diy investors. I hardly ever agree with Jdavis or his delivery but appreciate his posts.
Honestly what brought me here to liquidate my modest MFund's and try to manage my own RRSP funds was pure frustration.
I bet, 60% of us in canada can't even think about taking advantage of a TFSA in a meaningful way, our US counterparts must feel something similar too.
I have a good year and end up paying taxes that push limits so far one has to ask why are you going to work today > to the other side of the equation .... when you have a bad year and fall into debt trying to keep up with your lifestyle from the good year. To top it all off .... if you qualify for benefits in your bad times, it takes a CRA cycle for them to let you qualify for any benefits our tax dollars allow,or will let you claim in your good years.
I'm pissed at both countries, and i culdn't guess on a fix except to say Trump is a symptom of a marginalized system that needs a reboot.
Drunken rant ... my apologies.
Yes, both systems are broken. In Canada, we give tons of money away to those who don't contribute to the economy. In the US, they give it all to the rich. Just look at what Trump did, using the office of the president to give himself huge tax breaks, and make the taxpayer foot the bill for his trips to his own golf club, every single fcking weekend.
But, I still prefer Canada, as we are a much more honourable and just society, and do try to take care of those in need, rather than discard them as the US does. Yes, we have to pay higher taxes to be who we are, but it really isn't so bad.