Quote:
Originally Posted by gasman
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
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lol, I compared wealth gains by billionaires during the pandemic to government deficits, solely for the purpose of giving you perspective of how much money they've gained while the vast majority of us have struggled to make it through the pandemic let alone gain any wealth. I never suggested taking all their money.
True though, billionaires aren't the only ones who ought to be paying more in tax. You haven't taken into account all the wealth gained by millionaires during the pandemic. It's likely a big number too.