In fact, refugees are paying more in taxes than millionaire immigrants of the now defunct investor program [2].
[1] - http://www.theglobeandmail.com/real-estate/the-market/foreig...
[2] - http://www.cbc.ca/news/business/refugees-pay-more-income-tax...
Let's put it this way... if I were a (white) billionaire, and a few hundred of my richest friends and I moved to China and started buying up real estate in a major city and flaunting our wealth all over the place, how do you think the locals would receive us?
The Chinese still remember this era quite vividly and describe it as the "Century of Humiliation".
Pay taxes, obey laws, & let your kids be friends with any kids who aren't trouble at school. I don't care after that
As the article mentioned, many individuals are 'gifted' items from family members still residing in China. How do you tax somebody that has no official income? (aside from the tax one purchase itself, which isn't what I think you're referring to). Such tax avoidance schemes aren't unheard of[1].
What adds the contention and frustrations of residents is the foreign investments in real-estate, which, in Vancouver and Toronto specifically, are driving the costs above what they can realistically afford. Again, it's not unheard of for the foreign investors to be using the real estate as tax avoidance in their own country[2], at the cost of the local citizens quality of living.
[1] - http://www.cbc.ca/news/business/kpmg-offshore-sham-deceived-... [2] - http://www.theglobeandmail.com/opinion/a-crisis-in-vancouver...
[3] - ninja edit - I'm not trying to categorically say none of those mentioned in the articles pay taxes! Of course that's not the case! What I'm trying to communicate is, those who aren't and are avoiding paying taxes, are the ones causing issues for local residents and what the focus of these articles I've mentioned.
But at the very least they will consume stuff and pay taxes there. I guess their stay is more like a prolonged vacation of some sort.
[1] - http://www.bloomberg.com/news/articles/2016-01-29/canada-s-o...
You're completly ignoring the massive subsidies and currency devaluation to keep this scheme going. If we didn't have import tariffs all our local industries would get destroyed because nobody can compete with someone who sells their goods below manufacturing costs for decades.
If I retire and moved to Canada with $10m (I wish), how much tax would I have to pay at the border? Would it matter which country I'm moving from?
1. banks can create credit at will and do so primarily against land
2. planning is tightly controlled
3. taxes on land are insufficient to counteract 1 given 2
4. the state underwrites land prices via subsidies
Land is finite (even in Canada) due to constraints on infrastructure / topology. Not controlling ownership of a vital resource is IMHO nuts.
We don't have a free market in anything.
I agree taxing rentiers is the way forward. Will Canada do this? I don't see Trudeau doing it, but Canada did have a land value tax party that gained quite a bit of popularity.
https://en.wikipedia.org/wiki/Land_value_tax#Canada
> In Vancouver LVT became the sole form of municipal taxation in 1910 under the leadership of mayor
But that was when people understood the system better as opposed to now when they think banks are creating wealth when they create money which absorbs wealth.
EDIT: replying here to turnip1979 as throttled by HN who hate talking about Land value tax and the banks being leeches
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Perhaps. In the UK this week our Chancellor and Prime Minister had to disclose their tax records.
They both earn more (if you include the part they pay to their wives to avoid tax) from rent from their main London property than they get paid.
I'm afraid there has been a coup and one usually doesn't get too far writing letters to the new overlords.
This is what LVT is for. Our present system is about maximising the availability of credit to absorb all spare capacity. This is why we are working full time despite massive productivity improvements. This is why when women entered the labour force it was all absorbed by land prices.
The 1% in the main don't want to "build vertically". They want to do nothing and have you work and give them a cut of their income. I'm fine with people making life better and getting a cut.
ps this may be the last comment I can make as HN hates LVT and any criticism of rentiers
We will know the 0.01% are losing the class war when a serious land tax is introduced. I personally don't see it happening anytime soon.
I agree with you LVT and it's over for the banks and the rentiers. We will have to fight them to the end for this, it is the end for them so they will throw everything at it.
I think it is sad that languages were not passed on but it seems that later waves of immigrants or even some groups as a whole (e.g.: Chinese, Latin Americans) are more concerned about preserving their native languages in their new country.
Instead of criticizing immigrants for being different, how about we welcome them, support them, and make a better home for everyone.
Part of the reason it appears that they don't want to "integrate" is because so many people around them are instantly hostile.
Be welcoming and you will be surprised at what you will learn about the world (and about yourself).
Pointing out that there are issues with integration
is not the same thing as being a racist
It's interesting to note that @plg didn't use the word "racist".