A majority of Canadians say the country will face more extreme weather events in the future, calling on the government to take urgent action, according to Ipsos polling
Unsurprising. And I suspect the results wouldn’t be very different elsewhere.
Not going to be anywhere near enough, because there aren’t enough rich people.
E.g. in the UK the top 1% excluding the top 0.1%, earn an average of something like 200k pounds, but there is only about 700k of them. Every 10 percentage point increase in their taxes would add only roughly 2% to average tax receipts.
The top 0.1% earn above 500k, but there are less than 70k of them.
By all means do that too, and increase capital gains, and add wealth taxes, but ultimately we are in a position where it will hit everyone in the wallet and the later we leave it the more we’ll end up paying to try to fix things.
Not going to be anywhere near enough, because there aren’t enough rich people.
E.g. in the UK the top 1% excluding the top 0.1%, earn an average of something like 200k pounds, but there is only about 700k of them. Every 10 percentage point increase in their taxes would add only roughly 2% to average tax receipts.
The top 0.1% earn above 500k, but there are less than 70k of them.
By all means do that too, and increase capital gains, and add wealth taxes, but ultimately we are in a position where it will hit everyone in the wallet and the later we leave it the more we’ll end up paying to try to fix things.