the old ant and the grasshopper

[58thecat]

Then a bird swoops down and eats the grasshopper and the ant!



The end or is it?


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[HyperMOA]

Originally Posted by Dean2

To late to edit last post. Where I was trying to go with all of this however is; To earn over 100,000 a year usually involves a lot of hard work, risk if you are in business for self, and giving up free time with family etc. These folks are VERY hard working Ants, and for that hard work they get taxed a tremendous amount. When you are paying more than 50% of your income between income tax, property tax, GST, Carbon tax, School Tax, gas and alcohol tax, utility levies and the list goes on forever, it is not much wonder high contributors are choosing to either move out of the country,or work and contribute less.

I did not mean for this to become a tangent about who the hardest working Ants are. An incompetent, communist government like we have now, abuses ALL Ants to the max extent they can.

100% Agree

[elkhunter11]

Originally Posted by Dean2

To late to edit last post. Where I was trying to go with all of this however is; To earn over 100,000 a year usually involves a lot of hard work, risk if you are in business for self, and giving up free time with family etc. These folks are VERY hard working Ants, and for that hard work they get taxed a tremendous amount. When you are paying more than 50% of your income between income tax, property tax, GST, Carbon tax, School Tax, gas and alcohol tax, utility levies and the list goes on forever, it is not much wonder high contributors are choosing to either move out of the country,or work and contribute less.

I did not mean for this to become a tangent about who the hardest working Ants are. An incompetent, communist government like we have now, abuses ALL Ants to the max extent they can.

The bottom line, is that the people that put in the effort to earn more, get to pay more, they get punished for being ambitious.

[Fisher1]

i just finished reading Atlas Shrugged by Ayn Rand. Interesting how that book (published in 1957) describes a world which so resembles the issues in this thread!!! Like 1984 by George Orwell, these books seem to be instruction manuals for our Liberal government!

[TrollGRG]

Originally Posted by Fisher1

i just finished reading Atlas Shrugged by Ayn Rand. Interesting how that book (published in 1957) describes a world which so resembles the issues in this thread!!! Like 1984 by George Orwell, these books seem to be instruction manuals for our Liberal government!

Instruction manuals for the Lieberals or warnings for the rest of us (although it may be to late)

[Dean2]

This was Published today and goes directly to the discussion of how epxneisive the Liberals have made it to live in Canada.

Hannah Alberga
CTVNewsToronto.ca Journalist
Follow | Contact
Published Feb. 28, 2024 2:30 p.m. MST

The annual cost of “thriving” for a single working-age adult in Toronto is $61,654 after taxes, a new report found.

The Wellesley Institute’s new research, Thriving in the City, released earlier this week, aims to quantify how much money an individual needs to make in order to be physically, socially and psychologically healthy – or as they characterize it, “thrive” – in the city.

“Thriving is not just having your basic food and shelter needs met. It includes connecting to your community and family, learning, and ensuring your long-term financial security,” Wellesley Institute researcher Abinaya Balasubramaniam said


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That “thriving” figure calculated for a single person between the ages of 25 and 40, amounts to $61,654 after taxes in Toronto and $83,680 in Mississauga, according to the report, which examined two scenarios: a Toronto-based renter without a car and a Mississauga-based condominium owner with a car.

“This is far above the earnings of a minimum-wage ($16.55 per hour), full-time worker (i.e., 35 hours per week), which is $25,994 after taxes. The highest costs are associated with fundamental aspects of life, such as shelter, transportation and savings,” the report found.

An individual earning a living wage – the minimum required to cover the cost of living – amounts to $25.05 per hour, or $45,591 per year, before taxes in the Greater Toronto Area.

That’s just 74 per cent of the cost required in order to “thrive” in Toronto and just 54 per cent for those living in the suburbs.

The research shows that the cost of living in the GTA has skyrocketed since Wellesley Institute first conducted its Thriving in the City research in 2017 – up 33 per cent for single adults in Toronto – with the costs of housing, transportation, and putting aside enough money for retirement acting as the largest drivers of the increase.

The authors estimated essential costs in nine primary domains of life based on existing research, such as the Canada Mortgage and Housing Corporation’s (CMHC) Rental Market Report and Statistics Canada data.

What does it cost to thrive in the Greater Toronto Area? (Credit: Wellesley Institute)Most notably, the average market rent for a one-bedroom apartment in Toronto costs $21,008 a year ($1,750.70 per month), while owning a one-bedroom condo in Mississauga amounts to $36,228 per year, taking into account mortgage payments, property taxes and home insurance.

The average price of food amounted to $5,310 per year, transit totalled $2,877, and health-care costs, including extended coverage and over-the-counter drugs, cost $2,436.

The report pegged “social participation,” which includes books, internet, a smartphone plan and travel, at $7,356 per year.

While certain costs, like social participation, can be reduced, the highest costs are fundamental ones, like shelter and therefore, would only have a minimal effect on annual expenses.

Increasing the minimum wage is an important step forward, but the research concludes that it is unlikely to ever be sufficient enough to support a thriving state of well-being.

“If we cannot increase wages to the level at which people can thrive, then we have to decrease the cost of essentials such as housing, food, utilities and transportation. We also need to make sure everyone has proper access to the care and support they need. This should not be considered optional. If we do not do it now, we will pay for it in the future,” Wellesley Institute CEO Dr. Kwame McKenzie said.