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Decentralized Democracy

House Hansard - 62

44th Parl. 1st Sess.
May 2, 2022 11:00AM
  • May/2/22 10:40:56 p.m.
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  • Re: Bill C-8 
Madam Speaker, I cannot answer that in 10 seconds, but I will say that we are not here in any way promoting the interests of the rich and the wealthy, as the member may have suggested. We are not even in government. We do believe that the wealthy should pay their fair share. The government has come forward with what they call a recovery dividend on banks, a one-time charge of 15% and then an ongoing charge of 1.5% every year in terms of new taxes on the banks. We believe what is really required is—
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  • May/2/22 11:10:20 p.m.
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  • Re: Bill C-8 
Madam Speaker, just to follow up, my Conservative colleague talked about inflation that is impacting not just Canada, but countries globally. One thing we do not talk enough about is the skyrocketing concentration of wealth and the rampant inequality that is growing in our country. We see that we have the lowest corporate tax rate in the G7. We have tax havens that are designed to protect the super wealthy. Does my colleague agree that we have a big issue when it comes to the concentration of wealth at the top and that the super wealthy could afford to contribute more so that we could build affordable housing, so that we could make sure that people have pharmacare and so that we could tackle the toxic drug supply and the overdose crisis? I appreciate my colleague for always speaking and trying to find solutions.
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