> in my country, Canada, progressive income taxes are not the answer IMHO. They would be if they were actually progressive in a meaningful way. The problem is

> in my country, Canada, progressive income taxes are not the answer IMHO. They would be if they were actually progressive in a meaningful way. The problem is that they're only progressive between the poor and the middle class, then taxation on capital returns is low again, taxation on wealth is non-existent, and the rich have all sorts of mechanisms to avoid taxation.