Hey NDP, enough with the incremental respectability politics. Give us what Mamdani is cooking.
this post was submitted on 02 Jul 2025
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Millionaires with a few million dollars aren't the problem
The biggest problems are the handful of billionaires and the billionaires that are not Canadian but have a strangle hold on companies or corporations that affect Canada.
If the government could just tax the ever loving shit out of billionaires, they'd remove the single root cause of a lot of problems in the country and actually allow some sort of competition in all industries. This would allow the economy to spread the wealth to more Canadians than to a bunch of non-aligned billionaires who could care less what country they are attached to because their wealth is so great, they are basically their own country at this point.
Millionaires aren't the problem .... Billionaires are
Nobody should have a net worth over, say, 10 million.
20 is okay ish, I suppose, but beyond that it's just not fair or normal
You have 100 million dollars?
You didn't get it through hard work, or the McDonald's burger flipper who also cleans houses on the side would have been a billionaire by now
You didn't get it by being intelligent or smart or scientists would all be rich
You did it through playing the system as it currently exists, and you were lucky
Nobody should have the right to have that much money. Not even half of that.
They're part of the problem, but you can become a millionaire ethically, not a billionaire.
I think that oversimplifies the issue.
I have no problem with a millionaire that has a net worth of, say 3 million
I have a problem with someone having a net worth of 30 million
I have a huge problem with someone being worth 300 million
All are millionaires
Being a millionaire these days is pretty normal. Need a lot more than that to retire if you don’t have a pension plan.
The person with 100 million is closer in wealth to the homeless person you pity than they are to a billionaire.
It’s an unimaginable amount of money
The quote I like is "The difference between a million dollars and a billion dollars is about a billion dollars."
Now that's putting it into perspective ... holy shit
A million seconds is approximately 11.5 days.
A billion seconds is approximately 31.7 years.
That is another better perspective ..... and also why again do we have a civilization that allows someone to own so much wealth that it is not feasible or even possible for them to enjoy all the money in one lifetime?
Holy shit this perspective is enlightening ... and also very depressing ... thanks
That’s an excellent point.
We need to shift the conversation from government taxing its citizens to shielding them from international economic forces.
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(18 replies)
Warren Buffet and Bill Gates did this joke already.
Write an Op-Ed about how they aren't taxed heavily enough. Then spending millions to prop up conservative political campaigns dedicated to cutting taxes.
Quit buying this horseshit. You'll know a millionaire is lying when their lips are moving.
Not only that but Buffet and Gates are likely itemizing and taking advantage of every tax credit and deduction.
No law requires that. They can file a normal tax return and take no deductions.
Instead of living off of capital gains, they can pay themselves a salary.
Fucking billionaires are killing us.
Wealth hoarders are the problem. Millionaires aren't wealth hoarders, and any multi-income home that lives a frugal lifestyle can become millionaires before they retire (and they'll need to, if they don't plan on working into their 80s).
But there should be no such thing is a billionaire, let alone, a billionaire with HUNDREDS OF BILLIONS of hoarded wealth.
Sure, we can tax them more (and should!), but we should also design a system where wealth hoarding isn't incentivized. It should be actively discouraged, and punished at a certain point.
Design? Hmm. What system are you or we designing?
There is one that is available but you won't look at it. Democracy in the workplace is what we should have but again no one wants it.
So again, what system?
What is your question?
Society should be structured so that billionaires cannot exist.
Wealth should be redistributed so that a hand full of people aren't worth more than everyone else.
Profit sharing should be law in all businesses, so that trillion dollar companies are paying all their employees (and their supply chain) enough to make a very comfortable living.
No single individual should ever be allowed to have so much wealth that they can control governments. The fact that we do points to a massive problem in our society's structure.
There are 101 ways that we can fix this problem, and it's not going to happen until we actually get serious about fixing this problem.
And by we, I mean the 99.9% of us who are struggling to get by because a handful of people "need" to have every single dollar in existence.
I hear you, and i agree. I don't understand how to achieve it though, a tax on net worth, with brackets starting at 100 million? Wouldn't they just move their money over a place that would hide it?
Wouldn’t they just move their money over a place that would hide it?
Moving the money shouldn't make a difference, though. You pay taxes regardless of where you the money comes from or goes to.
Hiding income is illegal already. So more enforcement and steeper fines are about the only things left to do in that case.
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(2 replies)
Tax the rich, relentlessly push bikes and public transport, regulate big business, this is the only way we survive.
When McClean is running a piece to tax the rich you know that shit is near the fan
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