Quote:
Originally Posted by Mathgod
Sure, ignore pretty much everything I said, and trot out a bunch of right wing talking points.
Did you miss the part where the world's billionaires got $5.5 TRILLION richer during the pandemic? That's enough to cover off the ENTIRE 2020 budget deficits for the US and Canada combined.
Most of all, what you two don't seem to be getting is that most workers are essentially paying a tax every day, in the form of underpaid labour. The worker must work or starve, and therefore will accept arrangements that they would not otherwise accept in a non coercive environment. The taxes that the rich are being asked to pay, are a drop in the bucket compared to all the wealth they extracted from workers who had no other choice but to comply.
But yeah, let's ignore all that. When government prints money to pay for services that struggling families desperately need, or to pay for badly needed infrastructure, let's pretend that the deficits are the fault of everyday people, and not the fault of millionaires & billionaires who find creative ways of dancing around the tax laws while not technically breaking them. And let's definitely get all our answers from our obviously not biased textbooks that are obviously not designed to get people to think a particular way about things.
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According to Forbes there are 2035 Billionaires in the world, around 55 of them are Canadians (counted manually and may be off a couple either way. They have a combined Net Worth of approximately 230B.
The 2021 Budget projects spending of $650.3B
So if we took all of the Billionaires into a room, took all their money it would fund the government for almost 130days
I highly doubt we can write a strategic enough tax policy to get the billionaires in Dubai to chip into our $350Billion deficit