Listen to the full conversation on the Perspectives Journal podcast, available to subscribe on Spotify, Apple Podcasts, YouTube, Amazon Music, and all other major podcast platforms.
Even the rich agree: extreme wealth inequality is a threat to democracy. In a new survey conducted by Patriotic Millionaires of millionaires and billionaires across G20 countries, 65% agree that extreme wealth is a threat to democracy. Yet, in front of billionaires on the Davos stage of the World Economic Forum, Prime Minister Mark Carney touts tax cuts and subsidies for AI data centres while mourning the end of the liberal world order and democratic backsliding. On the other hand, NDP leadership candidate Avi Lewis asks bankers on Bay Street whether they are aware of the societal and democratic benefits of a wealth tax.
These are two competing visions for tackling wealth inequality and democratic deficits, but the world’s wealthiest would actually agree with one you would least expect. But why do we need a wealth tax, and what should Canada do about wealth inequality?
The Perspectives Journal Podcast speaks with Dylan Dusseault, Executive Director of Patriotic Millionaires Canada, about the need to tackle extreme wealth inequality to save democracy, and his organization’s survey of G20 Millionaires.
Notes:
- Nearly 80 percent of millionaires think super rich buy political influence, Patriotic Millionaires
- Canada’s Tax Haven Dilemma with Jared Walker, Perspectives Journal Podcast
- What’s missing from the Davos agenda: taxing the rich, Dylan Dusseault, The Monitor, Canadian Centre for Policy Alternatives
- Avi Lewis asks bankers on Bay Street if it’s time for a wealth tax, Avi Lewis NDP Leadership Campaign
