This is important. Taxing the rich is about fairness, not a surefire way to fund our dreams so that we don't have to pay for them.
Taxation to pay for public goods should be both broad-based and progressive.
Why is it so important to me that Canadians understand how little the incomes of the rich were taxed in šØš¦ in the 1950s and 1960s?
Much less than in the U.S.
šØš¦ did not tax capital gains until 1972. The top marginal rate was high, yes, but easily avoided.
Why do I want ppl to know this?
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