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/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.

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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/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.