Linda McQuaig: Time to hit the rich with a wealth tax

After years of the rich getting richer, they’re now getting spectacularly richer -- while most Canadians are losing ground.

4 comments

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.
- 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.
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.
Archived article: https://archive.is/y2MXu