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I believe wealth taxes (really, wealth restitution) should go into sovereign wealth funds - not least as then the public can see how that money is working for t
by somewhereoutth 5mo ago
I believe wealth taxes (really, wealth restitution) should go into sovereign wealth funds - not least as then the public can see how that money is working for them, and so support the continuance and expansion of such taxes.
- vizzier 5mo agoAgreed, we should also nationalise resource extraction and put the funds in there. Canadian resources should be for Canadians.
- sefrost 5mo agoThere’s a reconciliation dimension that complicates that framing, at least in BC.
- qball 5mo agoNo. Historically, this just ends up with Toronto and Montreal (and to a more limited extent, Vancouver) treating the rest of the country as a resource colony. The pretense that consent of the governed is equally geographically distributed is, naturally, very useful to you. If you do that again, as you did in the '60s, Canada will only be Toronto and Montreal.
- contagiousflow 5mo ago> this just ends up with Toronto and Montréal (and to a more limited extent, Vancouver) So, where most Canadians live?
- triceratops 5mo agoMore importantly - revenues from the funds should be used for reducing income taxes. That's how you get broad-based public support for wealth taxes.
- robocat 5mo agoSubmarine nationalisation/communism. Just use a wealth tax until the wealthy don't own anything. Please ensure you simultaneously destroy any self-made businesses. No country requires business growth or an economy /s.