Thinking About Collective Wealth and Consumption

 

Most tax issues elicit a conversation, particularly when shed of the  "technical" but for many arcane language of tax specialists, they are seen in the light of their impact on what broadly we might call "civil society" but more generally might be described as how we respond to critical questions about how we live together and look out for each other.   Taxation, after all, is purposeful.  The answer to these questions reveals the soul of a country, how it projects itself and inspires its citizens,  and not merely the country's institutional infrastructure which though understood by those who study it,  itself may not adequately proclaim the country's essence, its personality.  In recent posts, Professor Li and Professor Turner, from different perspectives, have begun a conversation on Canada's continuing responsibility to fund distributive justice, notably on Professor Turner's part concerning the utility and viability of a "wealth tax".  Professor Hwong offers a different perspective on "wealth taxation" - a view made even more poignant, perhaps, by prevailing circumstances occasioned by the COVID pandemic when fissures of social inequality may be widening into cracks and even, for some, chasms.  Professor Hwong's comments are posted here.  This is a conversation.  What do you think?

Scott Wilkie