Want to see what a wealth tax does, look to France. Why will it be any different in Canada? - 12,000 millionaires left France in 2016 - net outflow of more than 60,000 millionaires between 2000 and 2016. - the revenue generated from the wealth tax was lost , but with the others too, including income tax and VAT.” - it ended up costing the French government almost 2x as much revenue as the total yielded by the wealth tax.”
Want to see what a wealth tax does, look to France. Why will it be any different in Canada? - 12,000 millionaires left France in 2016 - net outflow of more than 60,000 millionaires between 2000 and 2016. - the revenue generated from the wealth tax was lost , but with the others too, including income tax and VAT.” - it ended up costing the French government almost 2x as much revenue as the total yielded by the wealth tax.”
@MPelletierCIO Less millionaires in Canada the better. They don’t pay taxes and there’s no trickle down economics. They keep their money and keep it in offshore accounts or some other means of avoiding taxes. When are you leaving?
@MPelletierCIO It’s time to stop the communists and not intellectualize their corrupt measures.
@MPelletierCIO “I’ve been dialing back my productivity for years in anticipation of a wealth tax” - my laziest friend
@MPelletierCIO But they got rid of people others were jealous of…a value in itself in vast swathes of Europe (and elsewhere).
@MPelletierCIO Frances tax revenue increased by 6,900,000,000$ in 2006 rather than decreasing.
@MPelletierCIO Stop it. The rich don’t pay taxes, they borrow against their stock
@MPelletierCIO Just tell me where they all move to so I know where to go