Wealth taxes: what they could look like and how the gap between rich and poor has changed
In the recent Throne Speech, the federal government said it wants to address Canada's "extreme wealth inequality." If that means a wealth tax, what would that mean and are there any unintended consequences?
In the recent Throne Speech, the federal government said it wants to address Canada's "extreme wealth inequality."
If that means a wealth tax, what would that look like? And how has the income gap between rich, middle class and poor Canadians changed in recent decades?
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Cost of Living host Paul Haavardsrud speaks with economist Miles Corak from the City University of New York about how income inequality can mean more poor families stay poor, while the wealthy stay rich.
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