Its crazy how we went from well above average rainfall spring/early summer to now record dry. No rain in sight on the 10 day as well. Its been over a month without significant rainfall (1'+)
You’re vague on this 8%. I come back to conflating net income from net worth and possibly not knowing how a capital gain is calculated. I know leftist politicians don’t have a clue.
Whether Canada or US, do you know why capital gains and dividends are taxed differently? It rewards and incentives risk. Rewarding and incentivizing risk allows for ma & pa businesses and professionals (including doctors) to flourish. That’s what the left calls “loopholes”. You need the ma & pa businesses for a middle class.
That the ultra rich are also concurrently rewarded for their risk—so what. The Laffer curve exists. I’ve lived it. Whenever the NDP takes over in the province of B.C. along with the leftist Liberal Party federally, the province and country experiences a “brain drain.” These geniuses try and close “loopholes” in the name of fairness, they try and increase taxes on “the 1%”, then scratch their heads that the population is collectively poorer, stupider, and sicker as the best and brightest leave. That’s a fact the left has to grapple with but shows zero signs of grappling with as evidenced by the blithe “tax the rich” sloganeering.
No, I don’t care about the super wealthy. I have to work to keep my life and my family in order. When government intrudes on my finances, how I raise my kids, and how I express my faith, then I get concerned. I’m not in the position to finger-wave at others, “You have too much!” Try that as a campaign slogan and see how far you get. How I conduct my financial affairs is my business and not the business of meddlesome leftists. There are societal issues to get hot & bothered about (e.g. human/child trafficking through weak boarders) where you reach outside of your circle. We would agree about that. But that is different than moralizing about someone else’s financial affairs that you nor leftist politicians know squat about.
My employment is income tax and estates. I deal with multiple estates a year where an elderly middle class person for decades managed their assets well. When everything is liquidated, it can exceed $1 million easily. They want to pass that on to their adult kids. Passing off that inter generational wealth is beautiful—and nobody else’s darn business, especially leftists. If the timing is right on asset disposition, very little is paid in income tax, which makes me and them happy. If that bothers you—as I know it does leftist politicians and activists—the problem is resentment of people who conducted their affairs well over the decades.
I just reached out to my friend who is staying in Playa Del Carmen as Helene is just about to reach hurricane status...amazing satellite imagery as this storm grows/intensifies...
https://www.star.nesdis.noaa.gov/GOES/floater.php?stormid=AL092024#homePageLink
Showers are likely today for much of the area with some spots seeing up to a 0.25" of rain. Temps will remain below normal today as they have for 15 of the first 25 days of September. At least some shower chances will continue through Saturday but no complete wash outs in the forecast.