The new tax will raise less than 2% of the amount that a 1% wealth tax proposed by the NDP would’ve generated.
There’s no inherent right to profit if you start the business, particularly if you perform only a fraction of the labour.
If you’re friends with a libertarian, you’ve probably heard them say something like “taxation is theft”. Taxation isn’t theft; tax cuts are theft. More specifically, tax cuts on corporations and the rich are theft.
Billionaires donating to worthy causes might seem like a good idea, but it has at least two major flaws.
The idea that business owners built their businesses on their own is a myth.
Saying that everyone has the same 24 hours is just another way to normalize the capitalist myth that anyone can be rich if they just work hard.
If there’s one thing that’s become clear during the COVID-19 pandemic, it’s that neoliberal economic policies have failed our societies.
Socialism built the modern world, not capitalism.
Capitalism is inherently oppressive. It’s built on the concept of hierarchy.
Billionaires end up with billions because they exploit others, or they were fortunate to receive an influx of startup capital. Or both.