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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@8ZSJL5B3yrs3Y
Yes, raise taxes on the rich to 95-100% of their income for the top 1/10th of 1% and the lower 9/10th of 1% to 90-94% taxation. People making under $1 billion should be taxed 88-90% of their income and under $500 million should be taxed 85-88% of their income. People making under $100 million should be taxed 80-84.9% of their income, people making under $50 million should be taxed 75-80% of their income and under $1-10 million should be taxed 73-75% of their income and non-millionaires should be taxed at 70-73% for $500,000 and under down to $100,000. Middle class people should be taxed 10-69% of their income and people at working-class and below should pay 5-9.99% of taxation.
@8XLQ4ZF3yrs3Y
No, instead make it so that everyone is basically paying the same amount.
@8XLPWQS3yrs3Y
tax everyone the same no matter if your rich or poor.
@8XCDZYT3yrs3Y
Yes, at 100% taxation. Confiscate their wealth and redistribute it.
@8VQ45ZD4yrs4Y
I believe the tax rate should be higher for large corporations and remove all existing tax loopholes for those companies.
@8V8LQD4New Democratic4yrs4Y
Increase tax for anyone making over a million a year.
@8TB88K64yrs4Y
Lower the tax a bit on people who make less than $50,000 a year and raise it a little on people who make more than 130,000 a year so the government still makes the same amount of money
@8PYXCGL4yrs4Y
Yes, millionaires and billionaires have caused lots of economic inequality and they should be taxed at 75% for millionaires and 85% for billionaires.
Increase taxes for the rich, remove existing tax loopholes, and reduce taxes for the poor
@8VHG65B4yrs4Y
Taxing someone should be based on income and their outflow of cash. Makes no sense taxing someone poor or someone who makes a lot but also spends alot, especially if theyre spending benefits the country.
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