11mo ago

Sectors that earned most corporate capital gains created no jobs over 5 years: report

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the miscellaneous intermediation sector, which includes venture capital companies and investment banks, as well as the real estate sector
For the curious. It's buried halfway down the article.
- I feel like the rest of the sentence is important for those skimming for the important bits -
  together made 52.6 per cent of all corporate capital gains reported in Canada between 2018 and 2022.
  That's a stupidly large percentage of the capital gains reported. The argument that capital gains tax stifles innovate is argued against in the report as well
  The report also finds there's no historical correlation between capital gains taxes and business investment in machinery, equipment and intellectual property.
  
  Wait... It turns out businesses always want to be more efficient, and whether they pay a tax they have no control over makes no difference?
- Why am I not surprised by these two sectors being the culprits?
shocked_pikachu.png
McGonagall staring at realtors and venture capitalists
Why is it whenever something threatens the country it’s always you two?
- Realtors and Venture Capitalists "It's not our fault. We were stopping (insert marginalized community) from causing problems!"
That's why it's VITAL we DON'T Tax these JOB CREATORS!

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