I am a Millionaire. Tax Me More, Please.

Millionaires with a few million dollars aren't the problem

The biggest problems are the handful of billionaires and the billionaires that are not Canadian but have a strangle hold on companies or corporations that affect Canada.

If the government could just tax the ever loving shit out of billionaires, they'd remove the single root cause of a lot of problems in the country and actually allow some sort of competition in all industries. This would allow the economy to spread the wealth to more Canadians than to a bunch of non-aligned billionaires who could care less what country they are attached to because their wealth is so great, they are basically their own country at this point.

Millionaires aren't the problem .... Billionaires are

They're part of the problem, but you can become a millionaire ethically, not a billionaire.
- Being a millionaire these days is pretty normal. Need a lot more than that to retire if you don’t have a pension plan.
- I think that oversimplifies the issue.
  I have no problem with a millionaire that has a net worth of, say 3 million
  I have a problem with someone having a net worth of 30 million
  I have a huge problem with someone being worth 300 million
  All are millionaires
That’s an excellent point.
We need to shift the conversation from government taxing its citizens to shielding them from international economic forces.
Nobody should have a net worth over, say, 10 million.
20 is okay ish, I suppose, but beyond that it's just not fair or normal
You have 100 million dollars?
You didn't get it through hard work, or the McDonald's burger flipper who also cleans houses on the side would have been a billionaire by now
You didn't get it by being intelligent or smart or scientists would all be rich
You did it through playing the system as it currently exists, and you were lucky
Nobody should have the right to have that much money. Not even half of that.
Anyone with either millions or billions is the problem because no single person needs either.
- Uh... You do need millions to retire.
- I know plenty of millionaires ... people who own property, vehicles and wealth that all amount to one or two million ... and they are still just getting by. They aren't that terribly wealthy - they don't live with any more luxury than most people, they just have more things.
  Billionaires on the other hand are something else ... it's like comparing someone with a weight problem and calling millionaires slightly pudgy and billionaires are grossly overweight behemoths that can affect the structure of your house.
  Here's a visual comparison using grains of rice of what a millionaire and billionaire and the wealth of someone like Jeff Bezos is
  Using Rice to Show How Rich Jeff Bezos Is | NowThis
- You need to be a millionaire these days if you want to actually retire. If it only took a million, would have retired a while ago.

Warren Buffet and Bill Gates did this joke already.

Write an Op-Ed about how they aren't taxed heavily enough. Then spending millions to prop up conservative political campaigns dedicated to cutting taxes.

Quit buying this horseshit. You'll know a millionaire is lying when their lips are moving.

Not only that but Buffet and Gates are likely itemizing and taking advantage of every tax credit and deduction.
No law requires that. They can file a normal tax return and take no deductions.
Instead of living off of capital gains, they can pay themselves a salary.
Fucking billionaires are killing us.

Wealth hoarders are the problem. Millionaires aren't wealth hoarders, and any multi-income home that lives a frugal lifestyle can become millionaires before they retire (and they'll need to, if they don't plan on working into their 80s).

But there should be no such thing is a billionaire, let alone, a billionaire with HUNDREDS OF BILLIONS of hoarded wealth.

Sure, we can tax them more (and should!), but we should also design a system where wealth hoarding isn't incentivized. It should be actively discouraged, and punished at a certain point.

I hear you, and i agree. I don't understand how to achieve it though, a tax on net worth, with brackets starting at 100 million? Wouldn't they just move their money over a place that would hide it?
- Wouldn’t they just move their money over a place that would hide it?
  Moving the money shouldn't make a difference, though. You pay taxes regardless of where you the money comes from or goes to.
  Hiding income is illegal already. So more enforcement and steeper fines are about the only things left to do in that case.
- I don’t understand how to achieve it though, a tax on net worth, with brackets starting at 100 million?
  Implementation isn't a consideration until society gets serious about doing it.
  Wouldn’t they just move their money over a place that would hide it?
  Make that a crime. Tax evasion or worse. Jail wealth hoarders if they don't comply, because they are destroying lives and don't deserve to play games.
Design? Hmm. What system are you or we designing?
There is one that is available but you won't look at it. Democracy in the workplace is what we should have but again no one wants it.
So again, what system?
- What is your question?
  Society should be structured so that billionaires cannot exist.
  Wealth should be redistributed so that a hand full of people aren't worth more than everyone else.
  Profit sharing should be law in all businesses, so that trillion dollar companies are paying all their employees (and their supply chain) enough to make a very comfortable living.
  No single individual should ever be allowed to have so much wealth that they can control governments. The fact that we do points to a massive problem in our society's structure.
  There are 101 ways that we can fix this problem, and it's not going to happen until we actually get serious about fixing this problem.
  And by we, I mean the 99.9% of us who are struggling to get by because a handful of people "need" to have every single dollar in existence.

Tax the rich, relentlessly push bikes and public transport, regulate big business, this is the only way we survive.

When McClean is running a piece to tax the rich you know that shit is near the fan

Hey NDP, enough with the incremental respectability politics. Give us what Mamdani is cooking.

ll)llooooou lllllllmmmmmmmlmmm

There is nothing stopping your millionaire ass from donating that money to the government. Always good to pretend you're being prevented from doing that though.

Donations from one person aren't going to do much good. At best, it'll provide a bit of short term relief. The system that enables billionaires to exist is still in place, which means they'll just suck up anything that this one person donates, leaving us with one less caring person capable of enacting further change and amoral corporations becoming more powerful.
We need to change the system so that everyone contributes. It makes little sense for any single person to contribute when no one else does because you gain much less than what you put in, but if everyone contributes, then you get the opposite scenario where everyone gains more than what they put in. That's why taxes exist in the first place.
- Way to miss the point.

How about instead of begging to be taxed you invest that money into a project needed to help Canadians who aren't well off.

Build housing with your money.

Build infrastructure with your money.

Help others fund Green alternatives with your money.

Donate to the thousands of charities who will do this all for you if you are lazy.

But stop bitching like you do not have the option to spend that money well on your own for the benefit of others. Especially when the rhetoric is "Government bad" at all times making it really hard to push for a tax increase on anyone.

- No it doesn't. It creates caring people working to benefit their communities with the excess they have been blessed with. Do good for good sake.
http://archive.today/2025.06.30-022902/https://www.washingtonpost.com/technology/2025/06/29/mark-zuckerberg-priscilla-chan-school-closure/
The Chan-Zuckerbergs stopped funding social causes. 400 kids lost their school. Priscilla Chan’s decision to stop funding the school she opened to help struggling families shows the risks for communities reliant on wealthy private donors.
Using money for charity is great, but having the government tax and manage it all instead is much, much better. Because it won't suddenly disappear. Unless your ruler's name is Donal Trump.
- The point is: Yes, more taxes, but if not then there is literally nothing stopping them from doing good with their money right now. This moment. Not next year when they file their taxes.
All throughout most modern history ... if you set up an economic system where you allow humans to gain unbelievable amounts of wealth and ask them or wait for them to share it, they never do and instead use that wealth to gain even more sums of wealth in a never ending cycle. I know plenty of wealthy people and they do share their wealth, just not in the sums you want to imagine - they share a few hundreds or thousands here and there but never enough to create meaningful change and never in the amounts to affect the growth of their wealth.
- This is about "millionaires begging to be taxed" instead of doing it themselves. I am not expecting them all to do it, just the ones who seem to not want to keep their money so others can benefit.
Uh... Given their values it is very likely they do donate to charities, but how far do you think a million can go in the modern day? You say "build housing," but a million dollars are like, a house? Two houses? Until you reach the hundreds of millions level of obscene wealth, you need numbers before you can get anything done, so pushing for higher taxation is one of the most productive things this person can do with their time and money.
- https://macleans.ca/society/tiny-homes-fredericton/
  One example.
You're pushing a few false dichotomies there.
- If you aren't going to elaborate at least do us both the favour of not wasting our time.

But Mark Clowney doesn’t want to.

For a "Progressive", you sure do like to use Conservative talking points and nicknames a lot.
- Carney is running to the Conservatives for support more than he is the NDP. There's a lot to criticize him for from the left. Whereas the right has got three tax cuts and a promise to hugely increase the military budget in just a few months of this government.
- You can criticize one big group without being part of the other big group.