This Black History Month, it’s important to recognize that economic injustice—both in Canada and around the world—is deeply rooted in racism. The property system in Canada was founded on the forced displacement and exclusion of Indigenous peoples from their land and immigration policies that prevented non-white immigration, effectively barring many thousands of people from accessing property in Canada. These racialized colonial systems laid the foundation for the current racial wealth gap, where racialized Canadians have about half as much wealth as their non-racialized counterparts.
Unlike the United States, where constitutional barriers have historically shielded the ultra-rich from direct taxation, Canada faces no such constitutional legal obstacles—only political ones. And those political excuses are running out.
A wealth tax enjoys overwhelming public support. Nearly 90 percent of Canadians back it, yet successive Liberal and Conservative governments have refused to act. Their refusal isn’t due to legal constraints but to the immense influence of corporate lobbyists and billionaire donors who oppose any effort to make them pay their fair share.
Just last year, powerful corporate interests mobilized to kill a progressive tax measure that would have primarily targeted Canada’s wealthiest citizens and corporations: the partial closure of the capital gains loophole.
If you think it’s “bad faith” to be against a wealth tax, then I know for a fact you have not looked into any debate about the topic, because there absolutely no consensus. Maybe you have a book that argues in favor of a wealth tax and that’s fine, I am open to arguments in favor of it. But saying I’m bad faith, when I suggested an alternative, is fucking removed.
Your supposition that “every economist agrees that a wealth tax doesn’t make any sense mathematically”, I find in bad faith, not that you are against it. It’s obvious that you are against it.
I don’t see how you could talk about economics and not know about that book.
ok good 1 chief
lol you’ve clearly been bested here. take the L and rephrase your claims to be less provably false next time.
Yes totally I have been bested I admit it. There is no contention around a wealth tax. Economists generally agree its a good idea and will be a successful policy.