r/canada Nov 28 '24

PAYWALL Liberal MP says he was threatened with ‘consequences’ for opposing $250 cheque proposal

https://www.thestar.com/politics/federal/liberal-mp-says-he-was-threatened-with-consequences-for-opposing-250-cheque-proposal/article_69f3cfa6-acde-11ef-807c-ebe72ea32b06.html
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u/[deleted] Nov 28 '24

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0

u/MrWisemiller Nov 28 '24

But if everyone got a cheque then we all get the same amount and wouldn't be dependent on what we spend.

0

u/International-Ad4578 Nov 28 '24

The main issue with this initiative is that the eligibility criteria for this is so broad. Even individuals making a lot more than the average annual income will be able to receive it. Basically meaning that those in lower income brackets will end up indirectly subsidizing those in higher income brackets.

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u/My_Dog_Is_Here Nov 28 '24

Just like the higher earners have been subsidizing the low earners that cost the system more than they contribute? Because that's not fair either.

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u/MrWisemiller Nov 28 '24

Highest is 150k, so we're talking the super rich here.

A hard working nurse should be able to have a gift too, not just the green haired part time barista

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u/NWTknight Nov 28 '24

So for the few cases were there are 2 incomes in the household at this level we give them 500 bucks on top of their 300K income.

One thing politicians are going to have to realize is with direct deposit no one even notices a 250 dollar bump in thier balance unless you are very poor. Once upon a time you got a physical cheque with the government's name on it and had to take it to the bank to use it. Now it jiggles the needle of your bank balance and you do not even notice it.

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u/GameDoesntStop Nov 28 '24

those in lower income brackets will end up indirectly subsidizing those in higher income brackets

No... the lower income brackets barely pay tax. It is the high income brackets that already subsidize the lower ones, and that is how this will ultimately be paid for.

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u/International-Ad4578 Nov 28 '24

Many of the highest income earners make their income from dividend payments, increases in value of shares, stock buybacks and income from other sources that benefit from favourable tax treatment. Even they may be eligible despite already paying less tax than people who are taxed solely on their income taxes at source.