Public service cutbacks or tax policies that challenges wealth without work?
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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.
How Canada’s tax system puts the wealthy above workers | Canadians for Tax Fairness
This article was originally published by Social Capital Partners
(www.taxfairness.ca)
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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.
How Canada’s tax system puts the wealthy above workers | Canadians for Tax Fairness
This article was originally published by Social Capital Partners
(www.taxfairness.ca)
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.
“ 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.”
How the top one per cent threaten Canada’s future | Canadians for Tax Fairness
As the U.S. slide into authoritarianism continues, Canadians must look in the mirror.
(www.taxfairness.ca)
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R relay@relay.mycrowd.ca shared this topic
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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.
How Canada’s tax system puts the wealthy above workers | Canadians for Tax Fairness
This article was originally published by Social Capital Partners
(www.taxfairness.ca)
> we may soon find ourselves with a runaway wealth inequality
I'd say we're there already, and have been for a long time. Even exponential growth starts off slowly.
Many years ago (1998?) I heard two men in suits talk about the shoeshine stands in the Toronto underground shopping. One said "It's nice to see lots of thriving independent businesses." The other said "Those aren't thriving businesses. What you're seeing is the polarization of wealth."
