26
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 Aug 2023
26 points (100.0% liked)
Toronto
1611 readers
4 users here now
Toronto, Ontario, Canada
Friends:
Support lemmy.ca
founded 3 years ago
MODERATORS
Sure groceries are exempt, but there is a limit on how much you can reasonably spend. At the rate housing and asset prices are, there appears no limit on how much your wealth can grow. So instead of using a proxy metric (spending) to tax people with wealth, just go after it directly instead.
You're suggesting a municipal income tax? I doubt that would come to fruition. Again, there is a rebate for those in lower incomes, which I believe addresses your initial concern.
Not sure how you got to that conclusion. I said wealth, not income. Wealth inequality is not the same as income inequality and taxing incoming doesn't fix wealth inequality. Neither does taxing consumption, as most people tend to horde their wealth in some sort of asset.