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Old 10-30-2019, 07:36 PM   #449
troutman
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Quote:
Originally Posted by you&me View Post
Based on what?
I think the argument is wealth redistribution. From that Macleans article:

Quote:
Perhaps the most sobering figure produced by Environics Analytics is a breakdown of total liquid assets according to economic class, showing that the most affluent 17 per cent of seniors in the country—people whose liquid savings average nearly $2 million per household—are sitting on an astounding third of the nation’s wealth. That’s more than three times the amount held by the remaining 83 per cent of seniors combined.
I share your concern that this wealth has already been taxed. Alberta currently has no estate tax.
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