this post was submitted on 11 Jun 2024
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Conservative Leader Pierre Poilievre said Tuesday his party will oppose the government's proposed capital gains inclusion rate increase β€” a tax hike that is projected to pull in roughly $19 billion in new revenue.

Weeks after the budget was tabled, Poilievre finally made his position known when he stood in the House of Commons to blast the Liberals' plan and their so-called "high tax agenda."

Poilievre's team also released a 15-minute social media video narrated by the leader to explain why the party is taking a stand against a policy that disproportionately affects wealthy people and big corporations.

"Businesses, jobs, doctors and food production will leave Canada," Poilievre says in the video.

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[–] [email protected] 53 points 5 months ago (1 children)

"Businesses, jobs, doctors and food production will leave Canada," Poilievre says in the video.

Citation needed.

[–] [email protected] 14 points 5 months ago

Good luck with that. πŸ‘

[–] [email protected] 35 points 5 months ago (1 children)

This time will be different, honest. This time when we give billions of dollars of tax cuts to our rich donors and a hundred bucks to each of you our rich donors will turn those billions into better, higher paying jobs for everyone! We know that that has never happened ever anywhere in human history but this will be the first time. Vote for me, I'm not Justin Trudeau!

[–] [email protected] 13 points 5 months ago (1 children)

An absolute boon to the luxury yacht and vacation home building industries!

[–] [email protected] 5 points 5 months ago

Big oil is gonna get billions more of investment and Danielle Smith will be encouraged with her reckless behaviour.

[–] [email protected] 27 points 5 months ago (1 children)

the party is taking a stand against a policy that disproportionately affects wealthy people and big corporations.

What about every single other policy that's even tangentially related to affordability that disproportionately affects everyone who isn't wealthy and small businesses?

[–] [email protected] 10 points 5 months ago

That's just cold brutal capitalism, the best kind when you're an oligarch

[–] [email protected] 22 points 5 months ago

Never having voted Conservative, I can't get any real satisfaction from saying "that's so stupid I'm never voting for them again."

I guess I can say "That's so stupid I'm still never voting for them." But it isn't the same.

[–] [email protected] 7 points 5 months ago

Man this guy is terrifying and about to put the nail in the coffin for this country when he wins

[–] [email protected] 6 points 5 months ago

I wonder what the projected revenue would've been on a threshold of $1M or $750k instead of $250k.

[–] [email protected] 5 points 5 months ago

This is such bullshit. The new capital gains tax only will affect a very small percentage of the population. I hate PP.

[–] [email protected] 4 points 5 months ago

More like a worker killer. We had higher taxes in the past and people did fine.

[–] [email protected] 3 points 5 months ago

Doesn't he own a dozen investment properties, and that's how he explains his dramatic increase in wealth over the course of his years in parliament?