Inequality in Canada has reached outrageous levels. Decades of Liberal and Conservative tax cuts have helped the richest get even richer. Canadian billionaires increased their wealth by $78 billion dollars during the first year of the pandemic alone, and the wealthiest 1% of Canadians are estimated to control 26% of our wealth.
The Liberal government promised in the fall Throne Speech that they would find additional ways to tax extreme wealth, but Budget 2021 fell far short of this lofty language - only offering more consultations and a token tax on luxury yachts.
It doesn’t have to be this way. Since 2000, tax cuts have reduced federal revenues by over $50 billion annually, and the major beneficiaries of these tax cuts have been large corporations and the wealthiest Canadians.
Angella is an expert in the changes that we need to make to rein in the power of the super-wealthy and ultra-rich. She outlines many of these changes in her new book that she co-authored with Jonathan Gauvin, Share the Wealth: How we can tax Canada’s super-rich and create a better country for everyone.
Angella will stand up to mega corporations and the ultra-rich who have benefited from extreme income and wealth inequality, and challenge out-dated myths about trickle-down economics.