From the print edition of the Toronto Star comes this response to a recent column by Linda McQuaig, a response that strikes me as eminently reasonable:
Re Debunking billionaire claims of heroic capitalism, McQuaig, March 14We have been persistently fed the line that a rising tide lifts all boats. Reality, however, suggests something quite, quite different.
Linda McQuaig is right on the money. Since1980, the top federal tax rate has been cut by almost 50 per cent. If the progressive tax system had not been changed, there would be no deficits and we’d have a surplus nationally.
Inequality is at an all-time high. There is a massive concentration of wealth in the hands of the few.
We don’t have a wealth-creation crisis; there is more wealth than ever before. We have a severe distribution-of-wealth crisis. This concentration of wealth in the hands of the few is simply not sustainable.
Conservatives are always claiming the deficit is a crisis, yet they continue to claim that tax cuts are good for everyone.
Trickle-down economics has been completely discredited. It is a ridiculous belief that when the wealthiest have crammed as much money as they can into their pockets from tax cuts, the rest of us will get the odd $20 bill that falls out.
In the upcoming election, where’s the promise to restore a progressive tax system, where everyone pays their fair share of taxes? Reversing tax cuts is not raising taxes, it’s restoring funding to build a civil, more just and equitable society.
If everyone was paying their fair share, no one would mind paying taxes.
Paul Kahnert, Markham
It's been five decades of swill, Lorne. And lots of us still believe it's good for us.
ReplyDeletePeople seem to have a hard time seeing the truth when it is right in front of them, Owen. We are a nation of enablers, apparently content with the few orts that drop from the tables of our 'betters'.
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