Denounced in media, taxing the super-rich turns out to be popular with Canadians | rabble.ca
Prominent U.S. Democratic presidential contenders Elizabeth Warren
and Bernie Sanders are campaigning on taxing the super-rich, with Warren
calling for a two per cent annual tax on wealth above $50 million,
rising to three per cent on billionaires.
and Bernie Sanders are campaigning on taxing the super-rich, with Warren
calling for a two per cent annual tax on wealth above $50 million,
rising to three per cent on billionaires.
In Canada, where politicians have shied away from even putting their
toe in the water when it comes to taxing the rich, NDP Leader Jagmeet
Singh has taken a bold plunge, calling for a version of Warren’s tax –
an annual one per cent tax on wealth over $20 million.
This is an excellent idea, and is apparently popular. A new Abacus poll shows that 67 per cent of Canadians support (or somewhat support) a wealth tax,
along the lines proposed by Warren, and that even a majority of
Conservative voters support it. That’s probably about the same
percentage of Canadians who support (or somewhat support) Mother’s Day.