Post #2436687
2026-03-21 21:01 UTC
Canada’s current tax policy says those that earn their income doing productive work, that creates real things, solves real problems, cares for real people, teaches real students, should be _taxed more_ than those who buy and sell what they already own to earn their income, who don’t work, don’t create, don’t solve, don’t care, don’t teach …
“ this wave of wealth concentration began around the 1980s. It is no coincidence that this is the same period when Canada took a neoliberal turn, characterized by free trade agreements that benefitted capital over workers, growing privatization, and the end of federal support for non-market housing. All of these policies made it easier for wealthy private actors to accumulate wealth at the expense of everyone else.”
#cdnpoli
https://www.taxfairness.ca/en/resources/news-views/how-top-one-cent-threaten-canadas-future
Replies (3)
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@pinhman@mstdn.ca 2026-03-21 21:13
This tax system that favours wealth over work is financing Canada’s housing crisis. This harms the working Canadian who’s taxed more than their landlords & bankers https://www.taxfairness.ca/sites/default/files/2024-09/C4TF%20FIRE%20Report_0.pdf
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@libramoon@mastodon.social 2026-03-21 23:09
@pinhman@mstdn.ca voodoo economics
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@dragonfrog@mastodon.sdf.org 2026-03-21 23:44
@pinhman@mstdn.ca capital gains should be taxed at 1.5x not 0.5x the rate of earned income. And using capital assets as collateral on loans to get money without realizing taxable gains needs to stop.