this post was submitted on 21 Jun 2025
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Canada
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One way to help the Canadian economy would to just tax the hell out of the ultra wealthy. Not the middle class, not even the wealthy class ... just the ultra wealthy and break their strangle hold on everything.
The tax revenue from that would be more than enough to offset any losses. But what do I know, everyone just continuously believes that if we just let rich corporations, investment bankers and the ultra wealthy do as they please without control, that all that wealth will save Canada.
Canada actually has a problem with productivity investment, likely because we have too high of taxes, and due to capital shallowing due to our mass immigration.
https://www.bankofcanada.ca/2024/03/productivity-problem/