The Rich Want You to Fear Tax Fairness

The wealthy have all sorts of tools at their disposal to protect and grow their wealth at the expense of the rest of us, including the tax system. A few months ago, Canada’s Liberal government announced a modest change that would try to rebalance the scales a bit, raising the country’s capital gains inclusion rate from 50 percent to 67 percent. Predictably, the rich went nuts and warned it would tear the country apart.