Deletions
- Submitter Name
- --------------
- Atul Bahl
- Proposal
- --------
- The GPC will advocate for: increasing tax rates for higher income brackets; imposing steep,
- progressive wealth and inheritance taxes on net worth and estates over $10 million and 100% on
- wealth and estates above a certain cap; and taxing income from capital at a rate equal to income
- from labour.
- Objective
- ---------
- To reduce wealth concentration and inequality in Canada and thereby to protect and strengthen
- Canadian democracy.
- Benefit
- -------
- Extreme wealth threatens democracy. The ultra-rich have the resources to bend the political and
- legal systems and the corporate media to their will. To prevent this and create the conditions in
- which democracy can thrive, we must greatly reduce the concentration of wealth in the hands of the
- few.
- Supporting Comments from Submitter
- ----------------------------------
- 1. From the late 1930s to the early 1970s, the top marginal tax rate in Canada exceeded 70% and, for
- some years during that period, it exceeded 90%. See: How Much Income Tax Could Canada’s 1% Pay?,
- October 2015. Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2015/10/How_Much_Tax_Could_Canadas_Top_1_Pay.pdf.
- 2. See Wetiko: On Capitalism, Mind Viruses, and Antidotes for a World in Transition:
- https://www.kosmosjournal.org/article/seeing-wetiko-on-capitalism-mind-viruses-and-antidotes-for-a-world-in-transition/
- 3. Capital and Ideology, Thomas Piketty.
- 4. Canada’s top billionaires are $37 billion richer since start of the pandemic, September 16, 2020.
- Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/newsroom/news-releases/billionaires-wealth-pandemic
- 5. Growing wealth inequality 'dangerous' threat to democracy: experts, April 15, 2016, Reuters:
- https://ca.reuters.com/article/idUSKCN0XC1Q2.
- 6. Wealth Tax? Canadians like the idea. November 19, 2020, Abacus Data:
- https://abacusdata.ca/wealth-tax-canada-poll/.
- Green Value(s)
- --------------
- Ecological Wisdom, Sustainability, Participatory Democracy, Social Justice, Respect for Diversity,
- Non-Violence.
- Relation to Existing Policy
- ---------------------------
- Add to current GPC policies G18-P021 Eliminate the Use of Tax Havens, G14-P02 High-frequency Stock
- Trading Tax, G10-p23 Robin Hood Tax, and G08-p026: Tobin Tax to Increase Foreign Aid.
Français
- Auteur
- ------
- Atul Bahl
- Proposition
- -----------
- Le PVC plaidera en faveur d'une augmentation des taux d'imposition pour les tranches de revenus les
- plus élevées, d'un impôt sur la fortune et les successions fort et progressif sur la valeur nette et
- les successions supérieures à 10 millions de dollars et de 100 % sur la fortune et les successions
- au-delà d'un certain plafond et d'une imposition des revenus du capital à un taux égal à celui des
- revenus du travail.
- Objectif
- --------
- Réduire la concentration des richesses et les inégalités au Canada et, par conséquent, protéger et
- renforcer la démocratie canadienne.
- Avantage
- --------
- L'extrême richesse menace la démocratie. Les ultra-riches ont les moyens de faire plier les systèmes
- politiques et juridiques et les médias d'entreprise à leur volonté. Pour éviter cela et créer les
- conditions dans lesquelles la démocratie peut s'épanouir, nous devons réduire considérablement la
- concentration des richesses entre les mains d'une minorité.
- Commentaires d’appui de l’auteur.e
- ----------------------------------
- 1. From the late 1930s to the early 1970s, the top marginal tax rate in Canada exceeded 70% and, for
- some years during that period, it exceeded 90%. See: How Much Income Tax Could Canada’s 1% Pay?,
- October 2015. Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2015/10/How_Much_Tax_Could_Canadas_Top_1_Pay.pdf.
- 2. See Wetiko: On Capitalism, Mind Viruses, and Antidotes for a World in Transition:
- https://www.kosmosjournal.org/article/seeing-wetiko-on-capitalism-mind-viruses-and-antidotes-for-a-world-in-transition/
- 3. Capital and Ideology, Thomas Piketty.
- 4. Canada’s top billionaires are $37 billion richer since start of the pandemic, September 16, 2020.
- Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/newsroom/news-releases/billionaires-wealth-pandemic
- 5. Growing wealth inequality 'dangerous' threat to democracy: experts, April 15, 2016, Reuters:
- https://ca.reuters.com/article/idUSKCN0XC1Q2.
- 6. Wealth Tax? Canadians like the idea. November 19, 2020, Abacus Data:
- https://abacusdata.ca/wealth-tax-canada-poll/.
- Valeur(s) Vertes
- ----------------
- Sagesse écologique, Justice sociale, Démocratie participative, Non-violence, Développement durable,
- Respect de la diversité
- Lien avec la politique actuelle
- -------------------------------
- Ajouter aux politiques actuelles du PVC. G18-P021 - Éliminer l'utilisation des paradis fiscaux,
- G14-P02 - Taxe sur les transactions boursières à haute fréquence, G10-p23 - Taxe Robin des Bois, et
- G08-p026 - Taxe Tobin pour augmenter l'aide étrangère.
Additions
- Submitter Name
- --------------
- Atul Bahl
- +PDPC Comment: P056 has significant content overlap and some content conflict with P057. Both P056
- +and P057 were adopted at the 18th General Meeting.
- +
- Proposal
- --------
- The GPC will advocate for: increasing tax rates for higher income brackets; imposing steep,
- progressive wealth and inheritance taxes on net worth and estates over $10 million and 100% on
- wealth and estates above a certain cap; and taxing income from capital at a rate equal to income
- from labour.
- Objective
- ---------
- To reduce wealth concentration and inequality in Canada and thereby to protect and strengthen
- Canadian democracy.
- Benefit
- -------
- Extreme wealth threatens democracy. The ultra-rich have the resources to bend the political and
- legal systems and the corporate media to their will. To prevent this and create the conditions in
- which democracy can thrive, we must greatly reduce the concentration of wealth in the hands of the
- few.
- Supporting Comments from Submitter
- ----------------------------------
- 1. From the late 1930s to the early 1970s, the top marginal tax rate in Canada exceeded 70% and, for
- some years during that period, it exceeded 90%. See: How Much Income Tax Could Canada’s 1% Pay?,
- October 2015. Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2015/10/How_Much_Tax_Could_Canadas_Top_1_Pay.pdf.
- 2. See Wetiko: On Capitalism, Mind Viruses, and Antidotes for a World in Transition:
- https://www.kosmosjournal.org/article/seeing-wetiko-on-capitalism-mind-viruses-and-antidotes-for-a-world-in-transition/
- 3. Capital and Ideology, Thomas Piketty.
- 4. Canada’s top billionaires are $37 billion richer since start of the pandemic, September 16, 2020.
- Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/newsroom/news-releases/billionaires-wealth-pandemic
- 5. Growing wealth inequality 'dangerous' threat to democracy: experts, April 15, 2016, Reuters:
- https://ca.reuters.com/article/idUSKCN0XC1Q2.
- 6. Wealth Tax? Canadians like the idea. November 19, 2020, Abacus Data:
- https://abacusdata.ca/wealth-tax-canada-poll/.
- Green Value(s)
- --------------
- Ecological Wisdom, Sustainability, Participatory Democracy, Social Justice, Respect for Diversity,
- Non-Violence.
- Relation to Existing Policy
- ---------------------------
- Add to current GPC policies G18-P021 Eliminate the Use of Tax Havens, G14-P02 High-frequency Stock
- Trading Tax, G10-p23 Robin Hood Tax, and G08-p026: Tobin Tax to Increase Foreign Aid.
Français
- Auteur
- ------
- Atul Bahl
- Proposition
- -----------
- Le PVC plaidera en faveur d'une augmentation des taux d'imposition pour les tranches de revenus les
- plus élevées, d'un impôt sur la fortune et les successions fort et progressif sur la valeur nette et
- les successions supérieures à 10 millions de dollars et de 100 % sur la fortune et les successions
- au-delà d'un certain plafond et d'une imposition des revenus du capital à un taux égal à celui des
- revenus du travail.
- Objectif
- --------
- Réduire la concentration des richesses et les inégalités au Canada et, par conséquent, protéger et
- renforcer la démocratie canadienne.
- Avantage
- --------
- L'extrême richesse menace la démocratie. Les ultra-riches ont les moyens de faire plier les systèmes
- politiques et juridiques et les médias d'entreprise à leur volonté. Pour éviter cela et créer les
- conditions dans lesquelles la démocratie peut s'épanouir, nous devons réduire considérablement la
- concentration des richesses entre les mains d'une minorité.
- Commentaires d’appui de l’auteur.e
- ----------------------------------
- 1. From the late 1930s to the early 1970s, the top marginal tax rate in Canada exceeded 70% and, for
- some years during that period, it exceeded 90%. See: How Much Income Tax Could Canada’s 1% Pay?,
- October 2015. Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/sites/default/files/uploads/publications/National%20Office/2015/10/How_Much_Tax_Could_Canadas_Top_1_Pay.pdf.
- 2. See Wetiko: On Capitalism, Mind Viruses, and Antidotes for a World in Transition:
- https://www.kosmosjournal.org/article/seeing-wetiko-on-capitalism-mind-viruses-and-antidotes-for-a-world-in-transition/
- 3. Capital and Ideology, Thomas Piketty.
- 4. Canada’s top billionaires are $37 billion richer since start of the pandemic, September 16, 2020.
- Canadian Centre for Policy Alternatives:
- https://www.policyalternatives.ca/newsroom/news-releases/billionaires-wealth-pandemic
- 5. Growing wealth inequality 'dangerous' threat to democracy: experts, April 15, 2016, Reuters:
- https://ca.reuters.com/article/idUSKCN0XC1Q2.
- 6. Wealth Tax? Canadians like the idea. November 19, 2020, Abacus Data:
- https://abacusdata.ca/wealth-tax-canada-poll/.
- Valeur(s) Vertes
- ----------------
- Sagesse écologique, Justice sociale, Démocratie participative, Non-violence, Développement durable,
- Respect de la diversité
- Lien avec la politique actuelle
- -------------------------------
- Ajouter aux politiques actuelles du PVC. G18-P021 - Éliminer l'utilisation des paradis fiscaux,
- G14-P02 - Taxe sur les transactions boursières à haute fréquence, G10-p23 - Taxe Robin des Bois, et
- G08-p026 - Taxe Tobin pour augmenter l'aide étrangère.
