Mastodawn

Public service cutbacks or tax policies that challenges wealth without work?

“ Rather than using the tax system to prevent wealth concentration .. our current tax system promotes wealth concentration. – those who earn income from wealth have more income left over after taxes, allowing them to accumulate wealth more quickly than others.

If Canada does not rebalance our tax system to prioritize work over wealth, we may soon find ourselves with a runaway wealth inequality – billionaires in control of our politics.

A tax system that promotes efficiency and fairness will reinforce our democracy and protect our sovereignty in the face of the challenges represented by Trump and those putting their wealth ahead of our democracy.

#cdnpoli

https://www.taxfairness.ca/en/resources/news-views/how-canadas-tax-system-puts-wealthy-above-workers

How Canada’s tax system puts the wealthy above workers | Canadians for Tax Fairness

This article was originally published by Social Capital Partners

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Gordon J Holtslander 1d ago

Canada’s current tax policy says those that earn their income doing productive work, that creates real things, solves real problems, cares for real people, teaches real students, should be _taxed more_ than those who buy and sell what they already own to earn their income, who don’t work, don’t create, don’t solve, don’t care, don’t teach …

“ this wave of wealth concentration began around the 1980s. It is no coincidence that this is the same period when Canada took a neoliberal turn, characterized by free trade agreements that benefitted capital over workers, growing privatization, and the end of federal support for non-market housing. All of these policies made it easier for wealthy private actors to accumulate wealth at the expense of everyone else.”

#cdnpoli

https://www.taxfairness.ca/en/resources/news-views/how-top-one-cent-threaten-canadas-future