CANADA - Tax the Ultra-Rich

Arno Froese

Jagmeet Singh says the New Democrats would tackle the country’s multi-billion deficit through the party’s long-standing promise to tax extremely wealthy Canadians and corporations.

The NDP blueprint focuses heavily on past promises, including better supports for workers through a national pharmacare program, 10 days of paid sick leave, and higher minimum wages.

He added he would target web giants such as Google, Netflix, and Amazon.

“Our plan is to make the ultra rich, the ultra rich people, and the ultra rich corporations, pay.”

In its April budget, the federal Liberal government projected the deficit to be $154.7 billion this fiscal year, after a record-smashing $354.7 billion last year, driven by the COVID-19 pandemic., 15 July 2021

Arno's Commentary

Canada, as the second largest country in the world after Russia, is only thinly populated at 40 million people, with a life expectancy of 83.6 years. Canada is considered one of the super-rich countries with great natural resources. But the bottom line always is: does the government have enough income to pay for its infrastructure? Canada follows in the footsteps of Europe, where the super-rich pay super-high taxes. It is of interest that, for example in 2002, Nokia director Anssi Vanjoki was clocked driving 47 mph in a 31-mph zone in Finland; the fine was $103,000. This fine was calculated on the percentage of income of Mr. Vanjoki. 

While this is an exception, the tendency toward having the super-rich carry a little more of the burden is definitely in the works.

What does the Bible say? When searching for the word “rich” in the New Testament, we find it appears 40 times. Of these, over 30 times the rich are viewed in a negative way. The word “poor” appears 35 times, but in virtually all cases the poor are comforted. James starts chapter 5 with these words: “Go to now, ye rich men, weep and howl for your miseries that shall come upon you” (James 5:1).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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