August 22 2018 – Economics
The very wealthy one percent and especially the ultra wealthy .01 percent who often say they take the most risks and create the most jobs so should be given bigger tax breaks.
The majority of economists disagree and the data if interpreted without bias proves it.
The income divide has been growing in Canada since the 60’s and the vast majority of gains going to the ultra wealthy. The graph looks like a hockey stick with ultra wealthy the shaft.
“84 per cent of respondents to the internal online survey said they believe that by better enforcing existing tax laws, the government could capture more tax revenues without raising taxes.”