Why not increase it a bit? We have record wealth inequality, wealth hoarding and greedflation – all of which is damaging our innovation and productivity.
Oh, it hadn’t even been passed yet into law. Introduced, but was delayed in passing by Proroguing Parliament.
I did personally think the amount of gains taxed should be higher, why are these types of gains tax only a percentage compared with other incomes? It does favour the rich.
As this one had been created, it was expected to add less than 1% to federal income per year. Better than nothing but like the carbon tax bad messaging on its creation lead to unfavourable public response.
No. It was hugely popular. (As you can see by these comments). Billionaires were upset that they could no longer dodge taxes by being compensated in stock instead of salary so they released a lot of propaganda in their media info-sphere. Hit pieces in the Toronto Star, etc. Even that didn't work.
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I did personally think the amount of gains taxed should be higher, why are these types of gains tax only a percentage compared with other incomes? It does favour the rich.
https://requital.substack.com/p/liberals-flip-flop-on-a-wealth-tax