81
Capital gains tax 'last thing the Canadian economy needs,' say business groups
(ca.finance.yahoo.com)
this post was submitted on 18 Apr 2024
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Which economy? The lived economy of the general public or the artificial economy of finance?
Wouldn't both see a beneficial uptick from capital injection?
I have no idea, but I'd like the powers that be to recognize that there are two economies and to prioritize the lived economy.
I first became aware of the difference when "the economy" was starting to boom in the 1980s even as we were busy returning to breadlines under the name of food banks.
I'm not sure we even need the finance economy. A pure stock market is one thing, but by the time you get to rents over profit on actual production, the financialization of housing, derivatives of derivatives and all the other distancing from actual production, it's just shell games with no benefit to society.
Precisely. What capitalism was supposed to do, it did long ago and now we're mostly dealing with mentally insecure people at the top who think more about money than actual human relations.
Capitalism is supposed to ensure that the people that own the factories have all of the power. The current behaviour is core, fundamental capitalism.
It serves the ownership class. It always has. It's its sole purpose. The rest of us have been supported by social programs that momentarily flared and, in the process, rescued the name of capitalism while workinf directly in opposition to it.