Most people in the top 0.1% are quite rich. There are quite a few CEOs and founders of large companies that are billionaires from income they got from those companies (and paid taxes on).

Maybe you need to give me more examples. Who are "actually wealthy" people in Canada who do not pay any taxes whatsoever and contribute nothing to the local economy/country? e.g. they avoid paying GST or HST, they avoid paying property taxes, they don't pay capital gains taxes?

I do agree that some rich people (and also not rich people) campaign for a smaller government and less taxes. I don't think that's an unreasonable position. There is a sweet spot for taxation and taxes in Canada are quite high. It's not a zero sum game (e.g. we have people leaving Canada to go to lower tax countries like the US).

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tossandthrow 5 days ago | parent [-]

There are many books on this, you can start by picking up eg. Marianna mazucato and rutger bregmann to get some contemporary views.

In unequal societies governance is controlled by less people and they tend to divert money into activities that increase their wealth instead of benefitting everyone - this has in particular happened in the west over the past 40 years.

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YZF 4 days ago | parent [-]

Show me the data.

Everything I see around me, in data and anecdotally, tells me that in my unequal society (Canada) everyone is doing better and governance is not controlled by rich people. The current government that won the elections would not be the preferred government of the ultra rich who want to make a little more money on the backs of everything else (which honestly is not a thing as far I can tell).

Marianna Mazucato's writings look interesting but I'd have to dig in more. Rutger Bregman seems like much less of an expert in the domain and I'm not sure his ideas vibe with me but might take a look.

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TFYS 4 days ago | parent [-]

Thomas Piketty has collected that data. He showed that the rate of return for capital is larger than the rate of growth, meaning capital owners are getting an ever increasing share of the economic output. Income inequality doesn't really account for this, look into wealth inequality. The wealthy are also good at hiding their wealth to avoid taxation and publicity, I'm not sure how much the studies consider that.

	▲	YZF 2 days ago \| parent [-]
		That is the wrong question to ask and. "The wealthy are hiding their wealth" sounds like a conspiracy theory. I think we have pretty good visibility into the really wealthy (e.g. we know pretty well who is on the short list of billionaires in Canada and more or less what they own). Banks report any movement of money >$10k, real estate is tracked, company ownership is tracked. That there is some large number of really wealthy people hiding in plain sight doesn't compute. We can't disprove the idea that some person living on the streets in East Vancouver is actually a billionaire hiding their wealth but even if so that percentage of those people in the total population isn't going to move the needle vs. all the known rich people who can't really "hide". If there are ways to legally not pay taxes then we'd hear about them and use them. Billionaires do have some options most of us can't pursue but I think the idea that the rich hide their wealth and don't pay taxes is mostly a myth. Prove me wrong... Here's some data to try and support my claim: https://www.statista.com/statistics/467384/percentage-of-pop... The % of the population in low income families has been declining. Here's a broader time horizon: https://www.statista.com/statistics/467276/number-of-persons... We'd need to plot that against income/wealth inequality but I expect that has increased over this period. This isn't consistent across Canada, for example in Alberta: https://www.statista.com/statistics/583120/low-income-popula... There's virtually no movement since 1976 (the percentage is somewhat lower today). I'm assuming the threshold for low income represents some more or less equal standard of living. We can look at some other metrics like life expectancy: https://www.macrotrends.net/global-metrics/countries/can/can... This has consistently improved since the 1950's which doesn't seem to support the theory that the broad population is doing worse. If you think you have a better metric that shows that most people are worse off due to the increasing wealth/income gap then let's see it. Random by the way is that I just saw an article today about the wealth distribution in Canada and the data point there was that the top percentiles wealth has declined since 2019. Obviously the top 0.1%/1%/10% still own a lot of the total wealth (I think the figure was something like 56% of the wealth in the top 10%) but that's what you'd expect in a free capitalist system. ( I think the article was related to this report: https://www150.statcan.gc.ca/n1/pub/13-605-x/2025001/article... ) Another random by the way observation is that I think the ability of some random person to get ahead is probably unprecedented. Never has knowledge been so accessible (Internet) and various means of production be so accessible and cheap (content creators, apps, prototyping equipment, etc.).