Following multiple reports of politically-connected elites avoiding taxes by using foreign offshore tax havens, it’s no surprise that support for a wealth tax is strong across party lines.
A new poll shows strong support for a wealth tax which would apply to Canadians with assets of over $50 million.
According to a survey by Abacus Data, 67% of Canadians support or somewhat support the idea of a wealth tax.
The specific proposal discussed in the poll would apply a 2% tax to Canadians with assets over $50 million, and would be paid once per year.
Here are the key numbers:
67% support the idea of a wealth tax.
14% are opposed.
17% are unsure.
Notably, while 78% of Liberals and 80% of NDP supporters are in favour of the idea, 60% of Conservatives also support it, according to the survey. 24% of Conservatives are opposed.
The widespread support for the proposal is not a surprise, considering the many stories we’ve seen of how the elites have corrupted the political system for their own benefit.
For example, we’ve seen how well-connected Liberal elites have been avoiding paying their share of taxes by using foreign offshore tax havens. Meanwhile, the federal government refuses to make those foreign offshore tax havens illegal. And at the same time, they slam working and middle class Canadians with a carbon tax that makes everything more expensive and makes the affordability crisis even worse.
If the elites were seen as paying their share of taxes, then support for a wealth tax would be far lower, but having seen how corrupt the system is – where companies like SNC-Lavalin can seemingly get away with anything – Canadians are tired of paying our taxes while the elites don’t pay theirs.
This poll is something the Conservatives should pay serious attention to. While campaigning against the carbon tax is common sense, the Conservatives can’t just reflexively say ‘no’ to the idea of a wealth tax if the NDP and/or Liberals campaign on it.
If the Liberals or NDP make it a big issue, the Conservatives will either have to support the idea of a wealth tax, or propose an alternative, such as a massive crackdown on foreign offshore tax havens.
Photo – YouTube