Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Federal NDP Leadership Race - What do you want out of Canada's progressive party?

Fuzz · 11-11-2025, 05:22 PM

I'd have to assume just judging taxes paid in income tax misses a whole load of very wealthy people not technically earning income that is taxed the same. Their wealth may increase 20% in a year, but they only pay 0.5% of it in taxes(random made up numbers). So by saying "The top 1% in that group earn about 10% of the income, and pay about 22% of the taxes" it's technically true, but they've gotten a whole lot wealthier in other ways. Consolidation of wealth in this manner is a problem we haven't really solved, and it's only going to get worse.

11-11-2025, 05:22 PM	#68
Fuzz Franchise Player Join Date: Mar 2015 Location: Pickle Jar Lake Exp:	I'd have to assume just judging taxes paid in income tax misses a whole load of very wealthy people not technically earning income that is taxed the same. Their wealth may increase 20% in a year, but they only pay 0.5% of it in taxes(random made up numbers). So by saying "The top 1% in that group earn about 10% of the income, and pay about 22% of the taxes" it's technically true, but they've gotten a whole lot wealthier in other ways. Consolidation of wealth in this manner is a problem we haven't really solved, and it's only going to get worse.