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The hoarded wealth of the superrich can do more good in the public’s hands, so let’s tax it: a book excerpt

Sunday, January 18th, 2026

… the wealthiest one per cent of Canadians increased their share of total Canadian wealth from 18 per cent to 26 per cent between 2010 and 2019, while the share of wealth owned by every other income group in Canada declined… while Canadians at almost every income level pay a substantial portion of their incomes in tax, billionaires do not… a wealth tax… could raise billions of dollars that could create a better-functioning democracy with a more hopeful, well-nourished and empowered citizenry.

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Wealthy Canadians get huge tax breaks, even with budget changes to capital gains

Thursday, April 25th, 2024

The tax system is much tougher on working people, who make up the vast majority of Canadians, including almost everyone in the lower and middle class. Working people pay taxes on their full working incomes, with few exemptions, and their taxes are deducted before they even receive their paycheques. Then there are those who own capital — stocks, bonds and other property… “A buck is a buck is a buck.” The budget’s tax changes are a small but important step in that direction.

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If you don’t have $20 million, relax. A wealth tax won’t touch you

Tuesday, April 13th, 2021

Canada’s wealthiest 87 families had wealth of $259 billion in 2016; our top 44 billionaires increased their wealth by more than $50 billion during the pandemic… 79 per cent of Canadians favour a wealth tax… In fact, a wealth tax would be the simplest, fairest and most effective way to collect billions of extra dollars of revenue a year, and to limit the power and political influence of the billionaire class… Here are some of the facile arguments being trotted out against a wealth tax.

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