Who will pay down the deficit, Chrystia Freeland?

If Chyrstia Freeland really wants to see billionaires contribute to deficit reduction, the first thing she needs to realize is that these folks really don’t care about what the top federal marginal tax rate is, writes Jeff Rubin, author of The Expendables.

Finance Minister Chrystia Freeland professes to care about income distribution and ensuring that the wealthiest households in Canada should shoulder their fair share of the tax burden. But right now, Canada's billionaires have nothing to fear from Canada’s supposedly progressive tax system.The Hill Times photograph by Andrew Meade

Opinion

BY JEFF RUBIN

December 10, 2020

Runaway fiscal deficits, no matter their cause, always lead to the same place—a day of ultimate political reckoning, followed by budgets of punishing fiscal restraint. Sometimes, it’s the same government that guts the very deficits it has created. Remember Paul Ma...

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