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Articles on Wealth tax

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Prime Minister Justin Trudeau looks on as Finance Minister Chrystia Freeland responds to a question during a news conference on Parliament Hill in August 2020. THE CANADIAN PRESS/Adrian Wyld

The throne speech must blaze a bold new path — including imposing a wealth tax

The speech from the throne is just around the corner. Will the Liberal government make broad and much-needed economic and social change amid the pandemic, or will it give in to the wealthy again?
Charitable tax incentives enable the super-wealthy to redirect billions in tax dollars away from government programs toward their private philanthropic foundations and the causes they choose to support. (Shutterstock)

COVID-19 has exposed the limits of philanthropy

The growth of private foundations in Canada has occurred at the expense of government tax revenue. Philanthropic donations are dollars that have been redirected away from universal social services.
A woman carries a bucket of fresh water to an informal settlement in Khayelitsha, near Cape Town. South Africa has the widest wealth gap in the world. Photo by RODGER BOSCH/AFP via Getty Images

Coronavirus: why South Africa needs a wealth tax now

A wealth tax on the top 1% of South Africans could raise R143 billion. This corresponds to 29% of the R500 billion COVID-19 package announced by the government.
A government of national unity has served South Africa well before. It should consider forming another after President Jacob Zuma leaves office. Shutterstock

South Africa will need a government of national healing after Zuma leaves

South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he’s done, serious thought should be given to forming a government of national unity.
Warren Buffett’s voice has been one of the loudest arguing it’s time to raise taxes on millionaires and billionaires like him. Rick Wilking/Reuters

Are we ready to raise taxes on the rich? History says no

Two centuries of tax policy show efforts to raise taxes on the rich hinge on questions of fairness. The history also suggests proponents have a tough road ahead.

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