Should Canada raise taxes on the rich?
Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.
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@B28DP3Y4mos4MO
Increase taxes for centi-millionaires via a new tax on investments into stocks, crypto, bonds, etc... Impose a 10% tax on investments, use the generated revenue to buy Canadian treasury bonds, and use the yield from that to pay for a national basic income program.
@B4TBTHB5 days5D
Tax the rich. People who make more than 300 000 every year. And abolish all loopholes that help bigger corporations. And lower income tax for the middle class and lower class
@B2SX7XJ3mos3MO
Income tax should be simplified, all loopholes and deductions removed and based on your income or profit for businesses. below 50K no one should be paying taxes, above that limit to some reasonable upper limit it should be minimal, above that it should become higher. at some point above a certain point there really is no need for one person to amass such wealth and it should be taxed or they should be required to invest it in education, libraries, the arts, roads, charities etc.
@9V9R5P2Conservative7mos7MO
I don’t think the Canadian government should raise taxes on the rich but rather take away all the ways that rich people can get away with tax breaks.
@9D6R7J42yrs2Y
No, but watch those who worked and earn their income under the table and taking welfares from our taxes.
@9BY2HDF2yrs2Y
Yes, but reduce taxes for middle and lower income brackets.
@925JS2LConservative3yrs3Y
Reevaluate current brackets to reflect inflation and introduce a new bracket at the top
@8ZNXF8FConservative3yrs3Y
Tax the poor more instead
@8RR4Z5R4yrs4Y
Id prefer to live in squalor
@9BGGY7L2yrs2Y
If they raise taxes it'll effect all high income families with generational wealth
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