this post was submitted on 02 Jul 2025
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Millionaires with a few million dollars aren't the problem
The biggest problems are the handful of billionaires and the billionaires that are not Canadian but have a strangle hold on companies or corporations that affect Canada.
If the government could just tax the ever loving shit out of billionaires, they'd remove the single root cause of a lot of problems in the country and actually allow some sort of competition in all industries. This would allow the economy to spread the wealth to more Canadians than to a bunch of non-aligned billionaires who could care less what country they are attached to because their wealth is so great, they are basically their own country at this point.
Millionaires aren't the problem .... Billionaires are
Anyone with either millions or billions is the problem because no single person needs either.
Uh... You do need millions to retire.
Not if you publicly fund health care.
Need millions to retire even in Canada.
We have healthcare figured out for the most part. The issue here is housing.
I mean that too, but also cost of living, rent if you don't own a home, etc add up over the two or so decades you'd expect to live after retirement. And if you do own a home, congrats you're a millionaire.