After years of the rich getting richer, they’re now getting spectacularly richer -- while most Canadians are losing ground.
  • AnotherDirtyAnglo@lemmy.caEnglish
    101·
    11 months ago

    We used to have punishing wealth taxes, but they’ve been eroded by lobbying and regulatory capture.

    The best time for a wealth tax was 40+ years ago, the next best time is 39 years ago. The horse has left the barn people… Billionaires aren’t willingly going to give up their fortunes.

    • corsicanguppy@lemmy.caEnglish
      21·
      11 months ago

      You’re right. So why try, right? Let’s just lie down and see if we can hold our breath until die.

      Or we try. Whichever.

  • m0darn@lemmy.caEnglish
    9·
    11 months ago

    Cap life time capital gains tax exemptions to $1M. Including principal residence.

    Like they’re can be a transition plan to avoid huge market shocks but if your housing is an investment it shouldn’t be tax free.