Tax the workers, Reward lazy asset-owners

It’s 1971.Be NIMBY boomer.Pay $3,800 for 4-years of tuition.Buy house for $35,000 on the salary of a grocery bagger.Vote NIMBY policies for 50 years.Vote for policies that prioritize asset inflation above-all-else for 50 years.It’s 2021.Sit at home doing nothing all year.House increased $250,000 in value last year.Pay 0% capital gains on the sale.It’s 2021.Be me.Work your ass-off to become a senior software engineer.Long hours, headaches, humiliating interviews, countless server meltdowns.Work tirelessly to put out fires.Brain exhausted from all the complexity. Complexity constantly increasing. New languages and systems to learn every year.Build products that generate net-new long-term business revenue for Toronto and Canada.Earn $120,000.After working tirelessly all year, only receive $80,000 after taxes.Only save $36,000 after high rent and living expenses.Condo within 1-hour commute appreciated $135,000 this year. Again, outpaced by asset appreciation.How is this fair?Who has the motivation to jump through all those hoops — acquire skilled education, pay for university, work tirelessly to build experience, work long hours as a highly skilled professional — only to have nothing to show for it? via /r/canadahousing https://ift.tt/3vkUo63