Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians 'drowning in debt': 47% will borrow to cover costs, survey says

flamesfever · 10-30-2019, 10:54 PM

I think the laws of nature dictate that the wealth will always be concentrated in a few people at the top. It has been postulated that if you removed the wealth from everyone and started over, the same people would eventually end up back on top.

I agree a reasonable estate tax may be justified on the most wealthy. However, once it's in place, I see it shifting with time to lower and lower levels of wealth. I think the danger of this applies especially to governments who run up debt irresponsibly, and become more and more socialistic with time.

10-30-2019, 10:54 PM	#487
flamesfever First Line Centre Join Date: Aug 2004 Exp:	I think the laws of nature dictate that the wealth will always be concentrated in a few people at the top. It has been postulated that if you removed the wealth from everyone and started over, the same people would eventually end up back on top. I agree a reasonable estate tax may be justified on the most wealthy. However, once it's in place, I see it shifting with time to lower and lower levels of wealth. I think the danger of this applies especially to governments who run up debt irresponsibly, and become more and more socialistic with time.