According to Statistics Canada, the recovery seen by Canada following the first year of the pandemic produced uneven income gains.
Capitalism is working as designed!
A few months ago I planted some jalapenos in my Aerogarden(mini hydroponics).
For some reason my mom decided to prune the hell out of the bottom leaves instead of the top leaves like your suppose to as they already had a advantage of being closer to the light source. As expected the top leaves just grew to a point where it left zero opportunity for the lower leaves to grow at all.
I really couldn’t do anything since the plant was already over pruned, so I just watched the top leave reach the point where it smothered the light causing them them to burn. At this point the plants are pretty much dead.
Anyways probably I’ll probably swap them out for some cherry tomatoe plants. Not sure what Canadians plan to do when things become completely untenable as we go out of our way to support the wealthiest people.
Nice allegory!
Dimishing returns tax calculated on personal worth, not including liabilities.
The more you make/have the more you pay.
Doesn’t matter if you have it sitting in investments, antiques or income, it all gets taxed the same. Can’t hide it by subtracting liabilities, because those are your own responsibilities, not the governments.
This will shift the burden to the upper class and remove the burden from the lower class, it will also help the middle class by not being stuck in the middle and being able to be judged on levels and on a scale.
Apply the same to companies, it will actually encourage mega-corps to split into smaller companies.
Would that not also encourage people/companies to pay down as much debt as possible? I’m sure that would help level out the playing field a bit too.
This is the K shaped recovery we were warned about when this all started.