Ontario has more than 40 per cent of Canada’s billionaire families, says a new report. Should it have a wealth tax?

https://www.thestar.com/business/ontario-has-more-than-40-per-cent-of-canadas-billionaire-families-says-a-new-report-should-it-have-a-wealth-tax/article_d2dae965-c0f5-452c-b2cd-5df168c1c220.html

Mirror

43 points · 8 comments · view on lemmy.world

8 Comments

CapuccinoCoretto@lemmy.world · 17 pts · 39d (3 replies)

The bilionaires say if we try to tax them, they'll just leave.

I say big win either way.

T00l_shed@lemmy.world · 10 pts · 39d (2 replies)

Right? And tax them anyway on the way out

Smaile@lemmy.ca · 5 pts · 39d

Sieze they're assets if they own the gov money too, America can't fight all these wars at once. We just have to wait until they get in a larger conflict they can't divert or ignore.

CapuccinoCoretto@lemmy.world · 3 pts · 39d

Capital controls in 3...2...

MrSulu@lemmy.ml · 5 pts · 39d

Yes. Look to New York

phoenixz@lemmy.ca · 4 pts · 39d

No, sort of.

We should have wealth caps, world wide ideally. Nobody should be able to pass a networth of, say, 10 million dollars. Any income over that goes 100% to taxes.

shittydwarf@piefed.ca · 4 pts · 39d

Does the tin man have a sheet metal cock?

kat_angstrom@lemmy.world · 4 pts · 39d

Everywhere, not just Ontario