Re:Thomas Piketty’s Capital in the 21st Century, in 20 minut...
by Mikeb85 on Saturday October 29, 2016 @09:56PM
(#12827666)
> in my country, Canada, progressive income taxes are not the answer IMHO.
They would be if they were actually progressive in a meaningful way. The problem is that they're only progressive between the poor and the middle class, then taxation on capital returns is low again, taxation on wealth is non-existent, and the rich have all sorts of mechanisms to avoid taxation.
They would be if they were actually progressive in a meaningful way. The problem is that they're only progressive between the poor and the middle class, then taxation on capital returns is low again, taxation on wealth is non-existent, and the rich have all sorts of mechanisms to avoid taxation.