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#wealthy

6 posts6 participants1 post today

Pierre Poilievre's housing plan favours wealthy real estate parasites. Poilievre's broader GST cut would make it possible for people who already have homes to get the tax break on rental units and investment properties. “We're going to be subsidizing a whole bunch of investors, who are treating housing as a way to get rich,” he said. #incomeinequality #housing #speculators #poilievre #wealthy #investors #canada thespec.com/politics/federal/m

Metroland Media · Mark Carney and Pierre Poilievre agree that Canada needs more homes — but not on how to make that happenBy Ryan Tumilty

"Uptown Girl" is a song written and performed by American musician #BillyJoel from his ninth studio album #AnInnocentMan (1983), released in September 1983 as the album's second single. The lyrics describe a #workingclass "#downtown man" attempting to woo a #wealthy "uptown girl". The 12" EP has the tracks "#MyLife", "#JustTheWayYouAre" and "#ItsStillRockAndRollToMe" (catalogue number TA3775), whereas some 7" single versions featured "Careless Talk" as a B-side.
youtube.com/watch?v=xUZ2TYsEM5Y

Pierre Poilievre's plan will mean that banks and investment firms will have a much harder job of making sure their clients are following the rules. Clever investors will just find ways to skirt them. Poilievre is really looking to find a way to help the already comfortable earn more tax­free investment income in the businesses they already own. #wealthy #poilievre #investments #canada #election2025 thestar.com/opinion/contributo

Toronto Star · What problem is Pierre Poilievre trying to solve with his TFSA proposal?By Jennifer Robson, Contributor

#ElonMusk was born in 1971 in Johannesburg, South Africa, & raised in a #wealthy family under the country's #racist apartheid laws. #Musk's family history reveals ties to #apartheid & neo-#Nazi politics. #DemocracyNow speaks w/Chris McGreal, reporter for The Guardian, to understand how Musk's upbringing shaped his worldview, as well as that of his South African-raised colleague #PeterThiel, a right-wing #billionaire who co-founded PayPal alongside Musk.

#USpol
youtube.com/watch?v=Ahv3IKzMdH

#Mainers call on legislature to fund #education and more by raising taxes on #wealthy

by Channa Steinmetz, March 27, 2025

"As the #Trump Administration continues its efforts to fund huge #billionaire tax cuts by raising the cost of living and making it harder for Americans to access health care, housing, food assistance and education, Mainers, including some with very high incomes, are calling for the state’s wealthiest residents to pay what they truly owe our state.

"#LD1089, 'An Act to Permanently Fund 55 Percent of the State’s Share of Education by Establishing a Tax on Incomes of More than $1,000,000,' would add a 4% income tax surcharge on the fewer than 1% of Mainers whose incomes are above $1 million to fund Maine’s public schools. Currently, #millionaires pay the same percentage of their income in taxes as someone who makes $61,000 – leaving more than $100 million a year (the amount this tax would raise) on the table.

"Bill sponsor Rep. Cheryl Golek (D-Harpswell) said that while the bill would benefit many Mainers, 'adding a modest surcharge has no impact on millionaires.'

"#LD1047, 'An Act to Impose an Additional Tax on Certain Unearned Income', adds a 4% surcharge on capital gains above $250,000 for an individual or $500,000 for a couple filing jointly.

"Since #InvestmentIncome is often taxed at a lower rate than wages, and people with more wealth tend to get more of their income from investments (such as stocks or real estate), this bill helps to address the disparity in tax rates between people with more and less wealth. It would affect only the wealthiest investors, not middle-class families selling homes or withdrawing retirement savings, while raising over $100 million to support #schools, #infrastructure, and community services, said bill sponsor Rep. Grayson Lookner (D-Portland).

"Lucas St. Clair, an immensely wealthy Falmouth resident best known for his work on the Katahdin Woods and Waters National Monument, testified in favor of both bills. He said that people with money, like his family, should pay more in taxes: 'We care about the future of this state. The inequitable tax structure of today…undermines the overall health of our communities. The wealthy should pay our fair share in taxes. Period.' He also spoke about the results of fairer tax policies: 'Fair tax policies allow more money to stay in communities, ensuring greater investment in public schools, infrastructure, and services like child care and health care.'

"Gorham child care provider Charlotte Jacobs of Scarborough testified in person in favor of both tax bills, saying that Maine’s continued failure to fully fund universal Pre-K and other essential services is a direct consequence of an unbalanced tax system."

Read more:
mainebeacon.com/mainers-call-o
#MainePol #TaxTheRich #USPol #Education #EducationCuts

Maine Beacon - A project of the Maine People's Alliance · Mainers call on legislature to fund education and more by raising taxes on wealthy - Maine BeaconAs the Trump Administration continues its efforts to fund huge billionaire tax cuts by raising the cost of living and making it harder for Americans to access health care, housing, food assistance and education, Mainers, including some with very high incomes, are calling for the state’s wealthiest residents to pay what they truly owe our

Dutton under pressure to give MPs ‘anything to sell’ to voters as cost-of-living budget looms theguardian.com/australia-news?

How dare the #Noalition comment on subsidies largess from the #Labor govt’s budget which are focussed on alleviating the #cost-of-living-crisis when a decade of $LNP govt saw massive subsidies to #ExtractiveIndustries and tax breaks for the #wealthy. Does the electorate really have that short a memory?

The Guardian · Dutton under pressure to give MPs ‘anything to sell’ to voters as cost-of-living budget loomsBy Dan Jervis-Bardy