'Mark my words': Canadian tech investor warns Trudeau of capital flight after tax hike ( financialpost.com )

psvrh , 2 months ago

It's not like the need won't still be there if they leave, it just means that someone else who's less greedy can fill the gap.

Kichae , 2 months ago

"Capital flight"? Are they tired of being laughed at for "brain drain" already?

Beaver , 2 months ago

Stop whining and pay your fair share.

ininewcrow , 2 months ago

Who cares!

Rich guy stays, keeps his money while we give him more and government pays him and he tries to pay as little or no tax at all. We lose.

Rich guy leaves and we don't get the benefit of having him around. We lose.

Screw em .... I rather take my chances of not having them around. At least then someone more motivated to do meaningful work in the country would have a chance.

herrcaptain , 2 months ago

God these people are such fucking crybabies. It's not even an especially significant tax hike.

Edited to add:

“Foundations, high-net worth folks that are holding the capital into companies — that’s going to be gone.”

That's a lie, but if it were true - good riddance. We'd get a lot more done as a country without those ghouls playing the working class against each other. Let them all move away - it's not like regular Canadians won't start businesses to take their place.

Also, when I say it's not an especially significant tax hike: Capital gains are currently taxed as if you made 50% of the profit you actually made, and now that's going up to 66%. It's not a tax rate of 66%, it literally means "When we tax you, we'll pretend you only made 2/3rds of the profit you actually did." Regular people, already get taxed on 100% of their employment income (albeit generally in a lower tax bracket).

avidamoeba , 2 months ago

Also we can always ramp up public investment to fill the gap.