Don’t we tell our children to go to school, work hard, get good grades, go to University, work hard, get good grades, graduate, and then with all that effort and knowledge, they can make as much money as they want?
With tax rates shooting up under the Ontario Liberal government and set to go up even more under the NDP government, if elected, do we really want to tell that to our kids any more?
Or should we clarify or amend that for 2018 and beyond to something more like this;
Go to school, work hard, get a solid education then go to University or College, and get a better education then go out and make a ton of money because if you make a lot, you’re going to be paying more than everyone else in taxes, and you’re ambition, skills and success are needed to pay back a massive debt and deficit that previous generations of government have created so that they could stay in power.
Congratulations, future generations! The future is here and your earning power is needed more than ever to pay for mismanagement of financial resources and bad spending.
Earn more, and pay more.
Where is the incentive?
It’s likely there will be parents telling their kids that the sweet spot is now $42,000 in Ontario. Under $42,000 and you pay 5.05% in provincial tax. Earn more, but don’t report it. Or don’t earn it and let those foolish ambitious people pay almost 3 times what you do in tax for earning less than 3 times what you make.
The system is broken.
And if another person tells me that “balancing the budget is not that important”, I’m going to lose it.
I’d like that person to run their household the way the Liberals ran this province and the way the NDP would run the province for just one year and see what they’ve got at the end of the year.
It won’t be a guaranteed job, with a guaranteed salary. It’ll be bankruptcy or homelessness.
What ever happened to not purchasing what you cannot afford to pay for??