Quote:
Originally Posted by Mathgod
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.
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I guess I still don't see the connection between billionaires in the
world and deficits in
Canada
Canada can only influence Canadian tax policy, so I was pointing out that you could tax all the billionaires in Canada at 100% of their net worth and it still wouldn't touch our deficit let alone our expenses.
The amount of wealth out side of Canada is largely irrelevant to anything.