Wealth taxes reduce economic prosperity while raising little revenue, and wealth inequality is already shrinking in Canada
Does Canada Need a Wealth Tax?
By Fraser Institute —— Bio and Archives--October 15, 2020
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—If the federal government introduces a wealth tax, it would reduce economic growth, hamper the country’s recovery, and is unnecessary given the wealth inequality gap in Canada is already shrinking, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Rhetoric about a growing wealth gap in Canada and the supposed need for a wealth tax has been imported from the United States without any evidence to support it. The fact is Canada’s wealth gap is actually shrinking,” said Philip Cross, a senior fellow with the Fraser Institute and author of Does Canada Need a Wealth Tax?
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