The amount of whining is phenomenal. Shut up and pay your taxes.
Their business isn’t going anywhere and will benefit more under the increased taxes as the employees will have better societal services.
“brain drain” is always used by right wing and liberalists as an excuse to reduce tax. The only people that really “drains” are the greedy crooks. Calling it “brain drain” just shows what they think of themselves…
University professors, engineers, and doctors (those who are not crooks) will not leave, they have roots at home and will not leave.
Calling it “brain drain” just shows what they think of themselves…
You hit the nail on the head. This is precisely a “fountainhead” fantasy for self styled big brains who are so smart that they don’t understand that they live in a society.
Very well said, and a vastly under-reported issue at the root of many of our civilization’s problems
And those professionals often aren’t getting the majority of their income from capital gains.
Or often any of it, until retirement. If you actually do work for a living, you don’t have time to be constantly shifting assets around the market.
Brain drain? The brains are pulling salaries for their primary income. If you want to stop brain drain, pay your employees more, you whiny, greedy leeches.
Tech startups have long been a gambling game that would make the Ontario Lottery and Gaming Commission proud. They often underpay their staff and make up the difference in stock options etc., hoping that the company will gain enough momentum that they can cash out before potential investors realize they’re a long way from turning a profit. You have to be either young and foolhardy or crazy ambitious to hitch your wagon to that kind of star.
Will this tax change discourage those types of companies a bit? Maybe, but since most of them fail anyway, I don’t think much of value is going to be lost.
(I was young and foolhardy once upon a time, but I’m actually not all that salty about it—they paid me a reasonable salary and I wasn’t expecting the rest of what they promised to actually materialize. However, I had the advantage of not having picked up any student loan debt, which was rare even then.)
This doesn’t even affect most workers who get RSUs. Only people whose shares might grow by more than 250K in one year. Not whose shares are worth over 250K.
Honestly if the selfish arses don’t want to pay their fair share of taxes, they can leave and sell their houses!
Wait a sec, making company owners pay more taxes will cause workers to leave? Wouldn’t it just make the quality of life for workers better, thus preventing them from leaving for the US, etc?
There is such a society rot versus making less profit that business owner see this as they have to raise the price to match the profit they didn’t make. There is no other options.
Funny.
Decent social welfare sustained by a fair tax system is exactly the reason a few “brains” I know (high skilled tech immigrants) ended up picking Canada over the US. (also, guns)
It will do the opposite, if anything reducing the capital these huge companies have should encourage small business growth and entrepreneurship. They cant just open up and crush the little guy.
It’s just that most entrepreneurs see themselves as temporarily displaced billionaires so they work against their own best interests.
