France figured out the dangers of a wealth tax the hard way, losing rich people and income tax revenue as a result. Canada should learn from France’s experience and take a pass on wealth taxes
Trudeau looking at a wealth tax to pay for soaring spending
Prime Minister Justin Trudeau is eyeing a wealth tax to pay for his government’s spending spree.
Heavily redacted documents obtained by the Canadian Taxpayers Federation show Trudeau asked for analysis of a $60-billion wealth tax. With indefinite deficits looming, it must be tempting to grab that cash.
But a wealth tax would inflict economic pain on both the rich and the poor and everyone in between.
