$1:
"The purpose of a luxury tax is to shift the burden of taxation away from those who can't afford taxes who have to make a choice between taxes and feeding their family, and shifts it to those who can afford to pay taxes so that they make a contribution back to the general welfare of society,” NDP MLA Janet Routledge told CTV News Vancouver.
Bullshit.
The purpose of a luxury tax is to punish wealthy people for their wealth and the net effect of these taxes is the destruction of all of the affected luxury industries.
Dumbfuck Democrats in the USA tried this shit with Jimmy Carter and they imposed a 30% luxury tax on cars, private planes, jewelry, and yachts.
The result was the death of the American yacht building industry, the layoffs of thousands of workers at the various Cadillac and Lincoln plants, the US high end jewelry industry departed offshore, and a number of private plane manufacturers closed shop.
The rich people just go buy their toys in lower tax (or no tax) markets and the people hit hardest by this bullshit are the workers who lose their jobs to foreign countries.
But, yeah,
FUCK THE RICH!!, that's all that matters here even if these idiotic ideas ruin the economy and force wealth to flee to other countries...like the USA.
