{"id":6993,"date":"2020-10-20T13:29:12","date_gmt":"2020-10-20T17:29:12","guid":{"rendered":"https:\/\/ckms.ca\/?p=6993"},"modified":"2020-10-20T13:29:12","modified_gmt":"2020-10-20T17:29:12","slug":"does-canada-need-a-wealth-tax","status":"publish","type":"post","link":"https:\/\/blog.ckms.ca\/?p=6993","title":{"rendered":"Does Canada Need a Wealth Tax?"},"content":{"rendered":"<blockquote><p>In its recent Speech from the Throne, the federal government said it was considering a tax on what it termed \u201cextreme wealth inequality\u201d in this country. This would be a mistake for several reasons.<\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/www.fraserinstitute.org\/studies\/does-canada-need-a-wealth-tax\">Does Canada Need a Wealth Tax?<\/a><\/em><\/p>\n<p>Seems to me some of the objections raised could be handled.\u00a0 For instance;<\/p>\n<p>&#8220;Wealth is difficult to define, measure, and tax. The largest sources of wealth are housing and pension assets, which are almost always exempt from a wealth tax because they are widely held. As a result, wealth taxes are applied to a narrow range of assets the value of which can be difficult to establish.&#8221;<\/p>\n<p>So make HNWIs not exempt?\u00a0 I&#8217;m assuming the &#8220;widely held&#8221; means both the rich and the non-very-rich hold these.\u00a0 So just say &#8220;Housing holdings less than $500k are exempt; obviously smart people should figure out the best value for $500k.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In its recent Speech from the Throne, the federal government said it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[84,18,140,58],"class_list":["post-6993","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-canada","tag-economics","tag-paul","tag-politics","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/6993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6993"}],"version-history":[{"count":0,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=\/wp\/v2\/posts\/6993\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.ckms.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}