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Change capital gains

We need a change to capital gains.

I don't understand why people who work for a living need to pay 100% of their tax rate while others who invest, that is making money by not working, only have to pay 50% of their tax rate on their profits.

Speculators buy houses then resell them, individuals buy stocks while sitting in their comfy armchairs, a beer in hand. Neither break a sweat making their money, then take advantage of the capital gains tax break on their profits.

Multimillionaires buy a house as their primary residence then resell it a few years later paying no tax on the millions of dollars in price difference.

It seems that the working man is a chump.

Politicians make no effort to even acknowledge this problem as they benefit directly, and indirectly, through political donations.

If inequality is to be addressed, as it should be, capital gains taxation would be a good place to start.

Rob Hopkins, Osoyoos



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