The rich in Canada are not rich by earning 6% in an unstable nation where banking regulations are not only suspect, but could perhaps be changed in an instant.
My clients were rich people. They made a lot of money by investing in enterprises that earned healthy returns, and by having a diverse set of those investments. They stay rich by dodging taxes and having access to high return investments.
The idea that we're "taxed to death" is complete BS. Look at the nations with the highest standards of living. Oh, shock, they all have high rates of taxes. Why? Because they use those funds to create massive infrastructure that allows business to flourish. They use those funds to create strong public education systems that plays a key role in long term prosperity.
True that manufacturing in Canada has decreased thanks to high labour costs, but do we really want to compete with low labour cost nations? It means lowering our wages and standard of living. Lower taxes will accomplish little, as it means less long term investment in infrastructure. No, we need to use our tremendous capacity to THINK
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UP. We invent stuff. Other nations make it. Pretty much no nations outside the G20 invent anything. The real value we bring is in creating the future.
Inventing stuff means high productivity, and this means re-thinking the way we manage GDP. Look at our GDP in real terms. Holy crap, are we productive. But, we still try to find employment for all adults in a 40hr works week. Rethink.
This is a
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' retarded topic and if someone with a little money decides to follow the OP scheme, well, go for it. It's not a true arbitrage as it has inherent risk, and I don't see a large enough premium to compensate for what I think the risk is.