Patriotic Millionaires Canada board member Emma Davis on why wealth taxes won’t scare away wealthy Canadians. Taxes pay for the things that make Canada a great place to live, and everyone, especially the rich, benefit.
The @FraserInstitute suggests caving to billionaire threats to throw a tantrum, pick up their ball, and go home.
Jake conveniently neglects to mention Canada already has an exit tax. If they want to leave, they can pay up!
Even the rich agree: extreme wealth inequality is a threat to democracy.
New on the Perspectives Journal Podcast: Extreme Wealth’s Threat to Democracy with @DylanDusseault of @PatMillsCanada
🎙️🔗⬇️ https://t.co/tbP6SA8cXl
At the peak of the Gilded Age in 1910, the richest 0.00001% of the US population owned wealth equal to 4% of national income.
Now, the richest 0.00001% owns 12%.
US billionaire oligarchs today are even wealthier than the original robber barons.
Source: https://t.co/qOjOvUIRRc
Government leaders, executives, and heads of state are in Davos for the annual World Economic Forum, which purports to be a discussion place for the world's biggest challenges.
But they're missing the most important one: extreme wealth inequality.
https://t.co/ZCz5vNA2qh
For the record: Canada is also a country with a massive amount of oil, and Trump has already spent significant time blaming Canada for drug problems in the US, so I don’t know why any Canadian leader with an ounce of critical thinking skills would cheerlead this.
At the crossroads of terrorism, narco-trafficking, and brutal dictatorship sits Nicolás Maduro. A criminal regime masquerading as a government. The news of the arrest by U.S. is welcomed and long overdue for the people of Venezuela.
"We need to invest in everyday Canadians, and the things that make our country attractive to investors and entrepreneurs, not cut taxes for large corporations and yacht owners."
Rich people who like to lie with data will tell you that the rich already pay more in taxes than anyone else (by focusing exclusively on income).
But the wealthiest 1% pay an effective rate of 23.6%
The average for working Canadians? 36.7%/
https://t.co/R723E1Hbot
It's time for the wealthy to ask themselves:
Do they want to be rich people in a poor country?
Or do they want to be rich in a country with great healthcare, education, and infrastructure where everyone has economic security and the opportunity to thrive?
“While working Canadians are paying higher rates than their ultra-wealthy fellow citizens... the government is currently considering a so-called “austerity budget” that is almost certain to make these problems worse.”
https://t.co/BrzJtqKsHX
"The ultrawealthy and large corporations that benefit the most from our economy are able to move their assets to low-tax jurisdictions to avoid paying billions in taxes, while the rest of us are left holding the bag." @FairTaxCanada
https://t.co/l5Wd1U0KPq
"Canadians are overwhelmingly supportive of a wealth tax. Many doctors have supported higher taxes on high income earners before. Now, a new group of Canadians called ”Patriotic Millionaires” are calling for higher taxes on the wealthy.
https://t.co/LNjvKydUH8
The super rich have tons of tax advantages available to them by design or legal loophole, and yet...
They're still choosing to steal billions every year.
These people aren't patriots. They don't care about our economy, democracy, or country.
Why do Patriotic Millionaires feel so ready to fight back against the members of their class who hoard wealth, avoid taxes, and pull the ladder up behind them?
Just ask Sabina
Extreme inequality is tearing our democracies apart.
Ahead of the #FFD4 Summit, activist Marlene Engelhorn is making it clear: We need to #TaxTheSuperRich — not tomorrow, today ⚖️🔥
@taxmenow_eu#FfD4People#FFD4
Does Canada want to be a leader in reducing inequality? In fighting tax evasion?
Or does it want to slip further into oligarchy?
If the former, it should be joining this SPA at #FFD4
A global coalition is launching a Seville Platform for Action (SPA) on Taxing the Super Rich at the UN Financing for Development conference.
🇨🇦 Canada should be joining.🇨🇦 We should be leaders in fighting inequality and the #TaxTheSuperRich movement.
https://t.co/M7CEcs421w