Policies to increase taxes on the rich are often proposed, but penalizing those who create wealth doesn’t pay in the long term and could threaten Canadian prosperity, according to a recent study by an independent public policy think tank.
“Choking Hazard: The Adverse Effects of ‘Eat the Rich’ Policies,” the study conducted by the Montreal Economic Institute (MEI), looks at four fiscal measures that are regularly recommended for raising taxes on the rich and how they can result in the opposite of their intended effect.
