As we no doubt know by now, we used to have a top income tax rate of about 80% on the highest margin. The Americans had it over 95% during the Eisenhower Administration. We can start the debate/discussion there, and let's get our American, Australasian, and European grass-roots friends involved in this too!
We could start off by moving the highest personal income tax marginal rate to 75% just for argument's sake. Also, we could return to using the Bank of CAnada to create funds for Government use, and *only* Government use for: health care, especially wait-times reduction, jobs training and encouraging other enterprise types such as worker-owned co-ops and ESOS's (Employee Stock Ownership Systems), reducing the cost of post-secondary education for career purposes and even making some post-secondary training *free*. There's more, much more!
Yes, tax the rich .... but .....whom do we consider rich?
Submitted by Hal Ade (not verified) on
As we no doubt know by now, we used to have a top income tax rate of about 80% on the highest margin. The Americans had it over 95% during the Eisenhower Administration. We can start the debate/discussion there, and let's get our American, Australasian, and European grass-roots friends involved in this too!
We could start off by moving the highest personal income tax marginal rate to 75% just for argument's sake. Also, we could return to using the Bank of CAnada to create funds for Government use, and *only* Government use for: health care, especially wait-times reduction, jobs training and encouraging other enterprise types such as worker-owned co-ops and ESOS's (Employee Stock Ownership Systems), reducing the cost of post-secondary education for career purposes and even making some post-secondary training *free*. There's more, much more!
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