Unrealized gains tax for Gen-Z:
You buy a Pokémon card for $50.
Someone offers you $500 for it. You say no. You love that card. You're keeping it.
The government says: "Cool, but that card is worth $500 now. You owe us $100 in taxes."
You: "…I didn't sell it."
Government: "Don't care. Pay up."
You don't have $100 lying around. So you're forced to sell the card you love just to pay a tax on money you never received.
Next month? That card drops back to $50.
Your card is gone. Your money is gone. And the government shrugs.
That's a wealth tax on unrealized gains. They don't pay you back the tax...
Now picture this.
Your mom calls you crying. She has to sell the house she raised you in. Not because she can't afford it. She's lived there 30 years. It's paid off.
But some website says it's worth more now and the government says she owes $15,000 she doesn't have.
So she sells your childhood home. The kitchen where she made you breakfast. The doorframe where she marked your height every birthday.
Gone.
To pay a tax on money that was never real.
Now picture the opposite.
Your dad put everything into his small business. For 20 years he built it from nothing. One year the business is "valued" at $2 million on paper. He owes a massive tax bill. He empties his savings. Sells his truck. Borrows money. Pays it.
Next year the market crashes. His business is worth $200,000.
He lost everything to pay a tax on a number that doesn't exist anymore.
Does the government give him his money back?
No.
Does the government give him his truck back?
No.
Does the government care?
No.
They sold this idea as "taxing billionaires." But billionaires have armies of lawyers, offshore accounts, and trusts. They'll be fine.
You know who won't be fine? Your mom. Your dad. Your neighbor with a small business. The farmer down the road who's had the same land for four generations and now has to sell it because dirt got expensive.
You're not taxing wealth. You're taxing people for owning things.
It's like getting a parking ticket for a car you might drive somewhere someday.
They want you to own nothing and be happy. To fund the fraud, waste and abuse of the welfare state they created.
There is enough money. More tax isn't needed. It's all a lie. But you've been gaslit into believing this is a rich vs poor debate.
I hope you understand what's at stake.
I believe there is a new form of market manipulation quietly emerging in Canada’s new construction condo market
A lot of condos completing today were sold years ago at peak prices, and many of them are not worth what buyers paid. 1/
We Always Knew It Was Bad: It's WORSE
New York is the Financial Capital of the World
L.A. is the Entertainment Capital of the World
San Francisco is the Tech Capital of the World
But 3 Canadian Cities have had MUCH bigger price increases in 19 years
Totally Batshit Crazy
2/
That's why they cooked up the "overcapacity" narrative, by the way: they're terrified of what would happen if customers had a choice and could freely buy Chinese EVs.
So they said "China produces too many EVs so we can't let you buy them", which makes complete sense 😏
hey @LondonDrugs, if your pharmacy does not honor the store wide return policy, this should be noted on your website w/ signs posted at pharmacy locations. apparently returns are not accepted at any LD location, you have to return it at the location it was purchased 🫠
@LondonDrugs then he proceeds to say it's up to the manager discretion to process the return. i asked even if it contradicts the store return policy & he says pharmacy operates independently from that. is this true? your current policy does not say this so it's misleading.
@LondonDrugs it's an unopened otc item. manager first said it's final sale, i pointed out the receipt doesn't note this. then says he can't guarantee the item was properly stored, i noted there were no special storage instructions, it's not a temp regulated item
If you want to pursue a future as a supervillain, this is a good lesson on selling generational theft as help.
tl;dr you’re paying taxes to stimulate non-market demand to help price you out of a home, while subsidizing the fund that’ll collect your rent cheques.
being hungover on weekends is inefficient, you should wake up early on weekends and live your life. you should only drink heavily on weeknights so you can recover from your hangovers while on the clock at work
Fun fact: 🇨🇦 was recently hacked for data from the…
- RCMP
- Forces
- Global Affairs, 🇨🇦’s state dept
- FINTRAC, 🇨🇦’s financial crimes agency
🇨🇦 dismissed it as minor, since hackers only stole corp data like employee databases. One day we’ll realize what just happened.
The legendary Spanish former basketball player & member of the International Olympic Committee Pau Gasol:
"To me it is unfortunate that one of the ways to validate decisions was to test Chinese swimmers double or triple than the rest of athletes".
#Olympics#Paris2024
One key reason that US wants to ban Tik Tok is the smart political content.
Look at this one: “CIA coups in Latin America since WW2.”
You would never find this on Instagram or YouTube shorts.