Our friends @c4tf.bsky.social have a new report examining the true levels of wealth inequality in Canada, and it's impact on our democracy.
One shocking stat: billionaire wealth grew 37.2% between 2023 and 2025 while total household wealth only grew 9.3%.
www.taxfairness.ca/en/resources...
Register to see Pat moderate this webinar with an @patmillscanada.bsky.social Board member, and experts from @c4tf.bsky.social and @bcpolicy.bsky.social
This guy won once and has been pathologically allergic to it ever since
“Extreme wealth inequality is too often treated as an inevitability — it’s not.
It’s a policy choice, and one that our federal government continues to make every day that our tax code remains the same.”-Emma Davis writes with @oxfamcanada.bsky.social’s Lauren Ravon
www.thestar.com/business/opi...
"[Ordinary people] protect their neighbours, even if it brings the state’s wrath to their own doors.
Meanwhile, for the country’s wealthiest, it’s a race to the bottom of the boot to see who can provide the most thorough tongue bath."
Even the rich agree: extreme wealth inequality is a threat to democracy.
New on the Perspectives Journal Podcast: Extreme Wealth’s Threat to Democracy with @dylandusseault.bsky.social of @patmillscanada.bsky.social
🎙️🔗⬇️
Enjoyed talking with @clementnocos.bsky.social for @patmillscanada.bsky.social about why cutting taxes is not the way to encourage investment or entrepreneurship, why even the wealthy want to tax the rich, and why billionaire wealth flight is an empty threat.
"So what policies should a truly representative government pursue? It would start by not valuing wealth and assets over work and income, and would crack down on tax evasion and avoidance."
www.policyalternatives.ca/news-researc...
So many of the big global problems addressed at Davos are symptoms of an ignored one: extreme and ever growing levels of wealth inequality.
Our tax code currently guarantees it will only grow (and grow faster).
But it can be a tool to constrain it, and fund the fixes to its trickle down impacts
Excess profits tax on obvious price gougers is a good place to start, but our whole tax code is currently designed to guarantee the growing gap between the top 0.1% (or 0.01%) and everyone else will only accelerate.
Reform capital gains. Tax wealth. Fight tax evasion.
Chatted about how we can use the tax code to reduce grocery price gouging!
But the explosive wealth growth of the Weston and the Pattinson families aren't unique. There has been universal massive growth in billionaire wealth while average Canadians struggle.
vancouver.citynews.ca/2026/01/20/n...
Government leaders, executives, and heads of state are in Davos for the annual World Economic Forum, which purports to be a discussion place for the world's biggest challenges.
But they're missing the most important one: extreme wealth inequality.
www.theguardian.com/global/2026/...
Image of Conservative Party deputy leader Melissa Lantsman praising the US arrest of Maduro
For the record: Canada is also a country with a massive amount of oil, and Trump has already spent significant time blaming Canada for drug problems in the US, so I don’t know why any Canadian leader with an ounce of critical thinking skills would cheerlead this.
Okay I gotta admit I was expecting to click this and see some nibble around the edges nonsense but instead I got:
End step up in basis
Scrap the SS income cap
End 1031 exchanges
Bit too late but still a surprise!
www.nytimes.com/2025/12/19/o...
“I frew up”
Perhaps the government should wonder whether the largest tech company in the country actually wants innovation, growth, and entrepreneurship? Or whether they’d just like to stay on top of the pile and line their own pockets?
"Canada should not race the U.S. to the bottom with tax credits, but position ourselves as the country where talent can take risks, where families experience genuine long-term security, and where investors know domestic demand will be stable and growing. That is our competitive advantage."
women are always saying “lord grant me the confidence of a mediocre man.” ok well he did. now what. is the world a better place? look at what you’ve wrought.
Straight from the mouth of founder and investor @floydmarinescu.bsky.social:
Corporate are not what motivates investment or entrepreneurship, they undermine the things that do, and historically have never worked.
So why try and tax credit our way to prosperity?
www.thestar.com/business/opi...
We could literally keep all the US passenger flights running if we just made billionaires fly commercial.
I hear the first class cabins are perfectly adequate!
It's time for the wealthy to ask themselves: Do they want to be rich people in a poor country?
Or do they want to be rich in a country with great healthcare, education, and infrastructure where everyone has economic security and the opportunity to thrive?
If it's the latter, they should join us!
Really fun thread here responding to Terence Corcoran's temper tantrum (err whoops I meant to say column) about @patmillscanada.bsky.social
Our Board Chair @doctrott.bsky.social joined @berkshire.bsky.social and @davekaufman.bsky.social on Clearing the Benches to talk extreme wealth inequality and how the tax code is fueling it.
patrioticmillionaires.ca/media/taxing...
I hope Lee Corso enjoyed that one
Text I sent my brother right before the game started.
Our tax code values money over sweat.
It values already being rich over earning a paycheck.
It values unproductive and even extractive investment more than actually working for a living.
Until that changes, the tax code will guarantee wealth inequality in this country grows.
Can’t over emphasize how impressed I am by the steel spines of members and leadership at the CUPE, or how disappointed I am by the attempt to trample on their rights.
J’ai participé à une échange à propos des inégalités et la taxation des ultras-riches 👇
Forward Global Member Claire Trottier (@doctrott.bsky.social), Chair of @patmillscanada.bsky.social, joined Radio-Canada OHdio to discuss wealth inequality and its solutions—including higher taxes on wealth holders.
Listen (en français): bit.ly/3H2O3Z7
Through 5,000 years of human history, the same cycle repeats: Elites extract huge amounts of wealth and power, a small oligarchy makes poor decisions in their own short term self interest, and what's left of society collapses.
Can we learn from those mistakes?
www.theguardian.com/environment/...
