We have the solution to public deficits

— 2 minute read

While we see headlines like “Canada faces record budget deficit” and “cities face massive revenue shortfalls”, remember that the corporate-owned mainstream media will never suggest that these things can easily be solved without cruel cuts to public services, despite there being already-existing tools to do so. And these tools are called taxes.

If we put more resources into tax-enforcement (when we already know that immense sums of Canadian wealth is off-shored), and less in say, drug-law-enforcement, perhaps we would have more funds available to help the most-vulnerable communities where crime and addiction has developed out of the desperation of oppressed peoples, which would reduce the need for police in the first place. And of course, this would be enforcement of taxes on the extremely rich who have benefited immensely from Canada's public services and the safe, stable environment they create.

From this article discussing the Parliamentary Budget Office's report on family wealth redistribution (emphasis mine):

According to the PBO’s findings, the wealthiest 0.01 percent of Canadian families have a net wealth totaling $654 billion, or 5.6 percent of the national total — the top 0.1 percent and 0.5 percent owning 12.2 percent and 20.6 percent, respectively. With a net wealth of $132 billion, the poorest 40 percent of Canadian families control a minuscule 1.1 percent share of national wealth.

The money is there and it's not going anywhere despite neoliberal propaganda suggesting it'll eventually trickle down or the spreading of fears of capital flight at the notion of taxing it higher, which could also be easily solved by things like expatriation taxes. All it would take to protect and strengthen our public services is for our political leaders to have the courage to actually represent the people who elected them. Let's make sure that happens.

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