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The whole model of taxing "income" is wrong. We need to tax Wealth, not Income. Because the ones who desperately need taxing aren't the working folk.
Incidentally, in Canada there is a tax rebate called the "Canada Workers Benefit" (previously "Working Income Tax Benefit") which returns several thousand dollars to those within the bracket. It's a tiny band-aid step in the right direction, to lighten the tax load on those who are working for it, but the whole system needs to change.
@ned We can keep reformulating tax systems to try to outsmart the people who work to avoid it infinitely. I'm not sure about Canada, but in the US, one of the highest paying jobs a person can get is "tax lawyer."
We have been propagandized to try to maximize the wealth of the wealthy who used Nazism and Soviet Communism to vilify everything not Capitalist. Now most of us believe the government is entirely separate from, or even an adversary of industry. It is one system.
'“Money flows across frontiers, but laws do not.” Until this situation changes, the lawyers, bankers and drafters of deliberately loose financial laws will continue to prosper. Meanwhile, governments will continue to be starved of revenue, global inequality will grow, economies will be destabilised and struggling voters will blame everyone – poor immigrants, liberal elites – except those actually responsible for creating the destructive offshore world.'