The communications around the capital gains changes have been atrocious. Chrystia Freeland is painting an apocalyptic picture of what will happen to Canadian society if we don’t make these changes, and the talk about fairness, where workers pay more taxes than those who can earn it on investment income is missing the key component of the discussion which is around the unequal treatment of different types of income that allows people to engage in tax arbitrage—picking and choosing which revenue models will net them the least taxation, which is a real problem for fairness that is not being discussed at all.
https://twitter.com/LindsayTedds/status/1801021913738698941
https://twitter.com/LindsayTedds/status/1801022109172256818
In amidst this comes Calgary economist Jack Mintz, whose sole entire schtick is to cut taxes to solve every problem under the sun. And of course, Pierre Poilievre was quoting him in Question Period, calling him the greatest economy in the country, which is pretty risible. It didn’t help that Poilievre made the basic mistake of believing that the tax rate is going up rather than the inclusion rate (the point at which it kicks in on the profit you’ve made), but he has doomsday scenarios to unleash into the world to make his case that this is a Very Bad Thing, when it’s nothing at all like he seemed to believe.
https://twitter.com/LindsayTedds/status/1801086926696415384
https://twitter.com/LindsayTedds/status/1801088499522937017
https://twitter.com/LindsayTedds/status/1801096926227497107
Everyone has handled this whole situation poorly, media included, and this has been al lost opportunity to try and have a proper conversation about these kinds of tax measures and changes.
Ukraine Dispatch:
Russian missile attacks have left much of Kyiv without power and water. Russian missiles also struck an administrative building and an apartment block in Kryvyi Rih in the south, and killed nine and injured 29. The American government says they are aware of credible reports that abducted Ukrainian children are being put up on adoption websites.
https://twitter.com/zelenskyyua/status/1800901662820704467
⚡️Kyiv Pride march planned for June 16 with tightened security measures.
Originally planned for the Kyiv metro system, the march had to be relocated to the streets after the Kyiv City Council denied permission to hold it in the metro for security reasons.
Around 500…
— The Kyiv Independent (@KyivIndependent) June 13, 2024