The fact the ultra rich will be taxed more is not going to make a difference for the average Joe in this country. What would really help is to review the income tax brackets for the middle class. Unlike other Oecd countries Canada taxes you with high percentages even for wages that are only slightly above the average. Other countries only do this when you make 2 -3 times or more the average wage.
Tinjubhy on
So 80% of Canadians combined hold as much wealth as the 1% of Canadians..
WCSD74 on
I hate these ‘statistics’ that are paraded around with no thought. What percentage of Canadians (or even the world, but let’s stay in Canada for now) has no net worth, or a negative net worth (owe more than they own). 20%? 30%? So someone with a net worth of $100 has ‘more than 30% of Canada’s population combined!!’
Is there a disparity between the highest and the lowest? Yes. Do we as a society want to keep that closer vs farther apart? Yes, because it means we are doing well as a society.
But it isn’t like these ultra successful people are sitting there thinking ‘how do I keep the poor people poor?’
Anyway, I’m not at all saying I have a solution, just that I hate when they say that the top C has more than Y combined, when in reality anyone with zero or less net worth combined fall into a huge lump…
Nascar2k64 on
Once you hoard a certain level of wealth you just stop paying taxes
Hot_Cheesecake_905 on
Mega-Rich is now defined as $7M+?
A lot of boomer parents probably fall into that range, and they still live a middle-class lifestyle.
The problem is with the uber-rich and billionaires; those people live in an entirely different world.
shrimpcity_beach1993 on
Remember when that one rich guy ended the life of people with his boat? Let’s fix that sort of situation as a whole.
Flashy-Job6814 on
Wait a second. Is this an article about the United States?
Due_Street1464 on
This I’d like Sheridan college stats there often unreal and fake and it’s a lot more
Ancient_Wisdom_Yall on
Tax everyone with more than me. Lol. Pretty much every response on here.
Narrow-Map5805 on
The article says Canada’s 40 richest individuals increased their wealth by a collective $95B in one year between 2024 and 2025. Obviously that wealth increase doesn’t count as income or even realized capital gains. The 40 individuals probably report much lower incomes, if they have any at all.
„It’s unrealized gains and you can’t tax unrealized gains!“, I hear people say. Okay. When do those gains ever get realized? When do we get to tax this wealth increase the way my wealth increases are taxed? Does it stay unrealized for eternity? How are they living lifestyles thousands of times larger than their reported income and gains?
LabEfficient on
The LPC knows their base. So keep paying your T4 income taxes while the rich gets their GST rebates and income supplement.
randompolak on
Lots of people are saying we should just reduce this or cut that but that’s not what we voted for. Our deficit will be 100b this year. I don’t think my kids should pay for it.We can’t spend more and cut taxes. So who wants to step up and pay more in taxes? Don’t be fake, if you support the governments policies, let’s pay for it!
14 Kommentare
Nope. Lies. It’s just a vibe session……
The fact the ultra rich will be taxed more is not going to make a difference for the average Joe in this country. What would really help is to review the income tax brackets for the middle class. Unlike other Oecd countries Canada taxes you with high percentages even for wages that are only slightly above the average. Other countries only do this when you make 2 -3 times or more the average wage.
So 80% of Canadians combined hold as much wealth as the 1% of Canadians..
I hate these ‘statistics’ that are paraded around with no thought. What percentage of Canadians (or even the world, but let’s stay in Canada for now) has no net worth, or a negative net worth (owe more than they own). 20%? 30%? So someone with a net worth of $100 has ‘more than 30% of Canada’s population combined!!’
Is there a disparity between the highest and the lowest? Yes. Do we as a society want to keep that closer vs farther apart? Yes, because it means we are doing well as a society.
But it isn’t like these ultra successful people are sitting there thinking ‘how do I keep the poor people poor?’
Anyway, I’m not at all saying I have a solution, just that I hate when they say that the top C has more than Y combined, when in reality anyone with zero or less net worth combined fall into a huge lump…
Once you hoard a certain level of wealth you just stop paying taxes
Mega-Rich is now defined as $7M+?
A lot of boomer parents probably fall into that range, and they still live a middle-class lifestyle.
The problem is with the uber-rich and billionaires; those people live in an entirely different world.
Remember when that one rich guy ended the life of people with his boat? Let’s fix that sort of situation as a whole.
Wait a second. Is this an article about the United States?
This I’d like Sheridan college stats there often unreal and fake and it’s a lot more
Tax everyone with more than me. Lol. Pretty much every response on here.
The article says Canada’s 40 richest individuals increased their wealth by a collective $95B in one year between 2024 and 2025. Obviously that wealth increase doesn’t count as income or even realized capital gains. The 40 individuals probably report much lower incomes, if they have any at all.
„It’s unrealized gains and you can’t tax unrealized gains!“, I hear people say. Okay. When do those gains ever get realized? When do we get to tax this wealth increase the way my wealth increases are taxed? Does it stay unrealized for eternity? How are they living lifestyles thousands of times larger than their reported income and gains?
The LPC knows their base. So keep paying your T4 income taxes while the rich gets their GST rebates and income supplement.
Lots of people are saying we should just reduce this or cut that but that’s not what we voted for. Our deficit will be 100b this year. I don’t think my kids should pay for it.We can’t spend more and cut taxes. So who wants to step up and pay more in taxes? Don’t be fake, if you support the governments policies, let’s pay for it!
Canada’s 40 richest traitorous pieces of shit:
https://macleans.ca/longforms/the-rich-list/