3. 69% of Canadians Support a Wealth Tax on The Super Rich

69% of Canadians Support a Wealth Tax on The Super Rich

Income tax originally was on the super-rich, over 3 Million income in today's dollars, and eventually captured everyone . Set up systems to collect tax on assets, and government will eventually tax everyone, because it just costs too much to implement on the 1% who then avoid the taxes anyways (for example rich people just capped their salary at 3M and reinvested in corporations as capital gains were free, or moved to jurisdictions where income tax was lower).

Why would you want some young genius who creates, for example the next Google, to have to start selling their company off to pay tax before it even earns income and gets out of the incubator stage anyway?

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