This includes different forms of inequality, from those originating in the country’s inception as a colonial enterprise to extreme disparities of wealth and income.
The data certainly lends weight to this conclusion, at least as far as disparities of wealth are concerned.
With a net wealth of $132 billion, the poorest 40 percent of Canadian families control a minuscule 1.1 percent share of national wealth.
During the 2019 federal election, the social-democratic New Democratic Party encouragingly moved to the left of its 2015 position by embracing a super wealth tax on wealth exceeding $20 million.
The extreme concentration of wealth, after all, is ultimately both a distributive and a democratic issue.
Taxing the country’s richest families would socialize a greater portion of Canada’s national wealth for investment in badly-needed new programs.
But any wealth tax worthy of the name will ultimately look to roll back the power of billionaires and plutocrats for good. »
