Tax me, please

Feb 13 20:02 2020 Print This Article

Okay, snowflakes, so it’s a stunt. But there are worrying political aspects of a manifesto this week – from Millennials – calling on Ottawa to immediately create a wealth tax, higher marginal tax rates and the closing of all tax breaks for the top 10% of income-earning Canadians (that’s anyone making $80,400 or more).

What do the kids want? “Full pharmacare and dental, full coverage of assistive devices for disabled people, free transit, affordable childcare, affordable housing, reparations for Black Canadians, and land repatriation for Indigenous nations, plus climate justice and a Green New Deal in Canada.”

The irritating moisters behind this call themselves the “Resource Movement” and claim to have 200 members  from rich families, “who are in the top 20% of wealth and/or income.” The demand is that the T2 budget – due now in a few weeks – bring in a wealth tax that would, for example, suck about $4 billion per year from the Thomsons. The kiddo crusaders also want the top marginal tax rate jacked above 55% and enough legislative changes made to “stop the accumulation of wealth by the top 10% of Canadians.”

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About Article Author

Greater Fool

Author, Garth Turner has been a member of the Canadian Parliamant for nine years, serving as Member of Parliament, Cabinet Minister (in charge of Canada Revenue Agency), national leadership contender (Progressive Conservative Party of Canada), House of Commons Standing Committee member and chairman (Consumer and Corporate Affairs, Finance), Special Advisor to the Leader of the Official Opposition. He is a member of the Privy Council of Canada. In addition, Garth is an ambitious entrepreneur – founder and CEO of Canada’s largest independent producer of network television, providing programming to CTV, Global, YTV and others. He founded and successfully operated chain of six community newspapers in Ontario as well as founded and operated eco-tourism and hospitality company aggregating and restoring heritage properties.

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