From Avi Lewis just now:
Canada’s 40 billionaires increased their wealth by $95 billion last year. At a time of unprecedented wealth inequality, it’s unacceptable that this budget contains no new measures to make the very richest pay their fair share.
That’s why we’ve called for a wealth tax on the very richest that could generate up to $40 billion per year.
Also from @avilewis half an hour ago:
Today’s budget is Christmas come early for CEOs, foreign investors and arms dealers. It talks a lot about affordability but does little to actually lower your costs.
The single biggest item in the budget is a “mega deduction” for corporations, with a price tag of $36 billion over 5 years. Fifty per cent more than all of the “affordability measures” combined. But where is the mega deduction to your grocery bill, or your rent?
The “Masters of our Destiny” in Budget 2026 is not you and your family, it’s members of the billionaire class that the Prime Minister invited to his Investment Summit.
@ned @avilewis
The largest contribution to wealth inequality is a lack of transparency in wealth ownership
@blair_fix did some stellar research a few years ago, mapping out the wealth networks of Canadian families.
Taxing wealth only addresses, clawing back a tiny fraction of what they’ve already squeezed from the economy.
Antitrust and real caps on corporate ownership stop them from getting the money in the first place