I believe wealth taxes (really, wealth restitution) should go into sovereign wealth funds - not least as then the public can see how that money is working for them, and so support the continuance and expansion of such taxes.

▲

vizzier 8 hours ago | parent | next [-]

Agreed, we should also nationalise resource extraction and put the funds in there. Canadian resources should be for Canadians.

▲

qball 7 hours ago | parent | next [-]

No.

Historically, this just ends up with Toronto and Montreal (and to a more limited extent, Vancouver) treating the rest of the country as a resource colony. The pretense that consent of the governed is equally geographically distributed is, naturally, very useful to you.

If you do that again, as you did in the '60s, Canada will only be Toronto and Montreal.

	▲	contagiousflow 7 hours ago \| parent [-]
		> this just ends up with Toronto and Montréal (and to a more limited extent, Vancouver) So, where most Canadians live?

▲

sefrost 7 hours ago | parent | prev [-]

There’s a reconciliation dimension that complicates that framing, at least in BC.

▲

triceratops 8 hours ago | parent | prev [-]

More importantly - revenues from the funds should be used for reducing income taxes. That's how you get broad-based public support for wealth taxes.