• sbv@sh.itjust.works
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    10 months ago

    The richest CEOS in 2022 was paid 246 timnes more than the average worker. This was a small change from the previous record of 243 times that was set last year.

    Pretty standard January news story, but the recommendations are good:

    Create new top income tax brackets

    In the post-war years, top marginal income tax brackets stood within the 70 per cent range-much higher than they are today. Despite these higher rates, there were still CEOS, Canada was still economically competitive and, if anything, enjoyed stronger economic growth. It’s time to consider moving back towards these higher brackets.

    Yeah. That’s pretty normal.

    Remove corporate deductibility of pay packages over amillion dollars

    Holy shit.

    Introduce a wealth tax

    Introducing a bracketed wealth tax, starting with those who have over $10 nmillion in wealth, could raise over $30 billion a year-and these rates are low compared to what American politicians are advocating for.

    yes plz

    Increase the capital gains inclusion rate

    When stocks are awarded, they simply count as income and are fully taxed. But if they increase in value after the fact and are sold, then the capital gains tax deal kicks in.

    Fine by me.