Lightnews — Scholar-powered news

Patriotic Millionaires Canada @patmillscanada.bsky.social · 1d

"In 2024, billionaire wealth grew by $309 million daily, pushing the total wealth of Canada's 65 billionaires to nearly $500B – more than the combined GDP of many countries.... Fair taxation is one of the most powerful tools to tackle inequality."

Oxfam Canada @oxfamcanada.bsky.social · 1d

"Budget 2025 is a chance to make bold, people centred choices. At the time of rising inequality, global conflict, and threats to human rights, Canada must choose fairness, dignity, and security for all."

Read our recommendations for the upcoming federal budget here 👉 www.oxfam.ca/story/buildi...

Building a Canada that Works for Everyone: Oxfam Canada’s Recommendations for the Upcoming Federal Budget

As the federal government readies to table its next budget the stakes could not be higher. We are living through a time of profound uncertainly. Around the world, armed conflicts, climate disasters an...

www.oxfam.ca

2 3

Reposted by Patriotic Millionaires Canada

Andrew Berkshire @berkshire.bsky.social · 5d

In case you missed it, @doctrott.bsky.social joined @davekaufman.bsky.social and I to talk about the realities of wealth disparity in Canada and how to address it.

Clearing the Benches is available on your preferred podcast platform.

Patriotic Millionaires Canada @patmillscanada.bsky.social · 8d

Our Board Chair @doctrott.bsky.social joined @berkshire.bsky.social and @davekaufman.bsky.social on Clearing the Benches to talk extreme wealth inequality and how the tax code is fueling it.

patrioticmillionaires.ca/media/taxing...

Taxing the Super Wealthy- With Claire Trottier — Patriotic Millionaires CA

Patriotic Millionaires Canada Chair Claire Trottier joins the Clearing the Benches Podcast to discuss how the Canadian tax code favors the uber-rich, and why it’s a problem. Listen on Spotify Li...

patrioticmillionaires.ca

1 3 4

Reposted by Patriotic Millionaires Canada

Social Capital Partners🇨🇦 @scpartners.bsky.social · 5d

🚨New video🚨

As Canadians, we like to think we’re strong and free. But, when it comes to the wealth gap, we’re looking more like America Lite—better manners, but almost all the inequality.

#CdnPoli #CanadaSky #Wealth #EconSky

1 15 23

Patriotic Millionaires Canada @patmillscanada.bsky.social · 7d

bsky.app/profile/sabi...

Sabina Vohra-Miller @sabivm.bsky.social · 7d

In Canada, top 1% of wealth holders hold 24% of total wealth.
Meanwhile, PM Carney has an ‘austerity budget’, which will impact the disadvantaged.
Patriotic Millionaires Canada, which I am a board member of, estimated that a 3% tax on wealth over $100-million could raise $25-billion annually.

1

Reposted by Patriotic Millionaires Canada

Sabina Vohra-Miller @sabivm.bsky.social · 7d

In Canada, top 1% of wealth holders hold 24% of total wealth.
Meanwhile, PM Carney has an ‘austerity budget’, which will impact the disadvantaged.
Patriotic Millionaires Canada, which I am a board member of, estimated that a 3% tax on wealth over $100-million could raise $25-billion annually.

2 57 140

Patriotic Millionaires Canada @patmillscanada.bsky.social · 7d

“While working Canadians are paying higher rates than their ultra-wealthy fellow citizens... the government is currently considering a so-called austerity budget that is almost certain to make these problems worse.” - @sabivm.bsky.social and Hon. Ratna Omidvar

www.hilltimes.com/story/2025/0...

Canada's exploding wealth inequality requires tax changes

Our current tax code is not asking the wealthy to reinvest in our economy, and that failure is weakening services and programs working Canadians may use to get ahead.

www.hilltimes.com

1 11 17

Patriotic Millionaires Canada @patmillscanada.bsky.social · 8d

"We're seeing lots of threats to democracy around the world... with converging crises coming at us, I think we're in for a period of massive instability. My belief is that a lot of that is driven by inequality." [email protected]

patrioticmillionaires.ca/media/taxing...

Taxing the Super Wealthy- With Claire Trottier — Patriotic Millionaires CA

Patriotic Millionaires Canada Chair Claire Trottier joins the Clearing the Benches Podcast to discuss how the Canadian tax code favors the uber-rich, and why it’s a problem. Listen on Spotify Li...

patrioticmillionaires.ca

4 8

Patriotic Millionaires Canada @patmillscanada.bsky.social · 8d

Our Board Chair @doctrott.bsky.social joined @berkshire.bsky.social and @davekaufman.bsky.social on Clearing the Benches to talk extreme wealth inequality and how the tax code is fueling it.

patrioticmillionaires.ca/media/taxing...

Taxing the Super Wealthy- With Claire Trottier — Patriotic Millionaires CA

Patriotic Millionaires Canada Chair Claire Trottier joins the Clearing the Benches Podcast to discuss how the Canadian tax code favors the uber-rich, and why it’s a problem. Listen on Spotify Li...

patrioticmillionaires.ca

5 4

Reposted by Patriotic Millionaires Canada

Seth Klein @sethdklein.bsky.social · 9d

BC friends, important piece by @iglikaivanova.bsky.social

She writes: BC’s own source revenue—taxes, fees & royalties—has plummeted from 19.2% to 15.4% of GDP over 25 years. This drop represents $16.8 billion in foregone revenues annually."

Tax cuts drive the deficit; progressive tax ⬆️ needed 👇

Seth Klein @sethdklein.bsky.social · 9d

BC folks! Outstanding piece here by @iglikaivanova.bsky.social, co-ED of @bcpolicy.bsky.social.

BC has a revenue problem, not a spending problem

The solution to BC’s fiscal challenges isn’t spending cuts. Instead, BC needs progressive revenue measures.

Read on 👇
vancouversun.com/opinion/op-e...

Opinion: B.C. has a revenue problem, not a spending problem

Experience from early 2000s shows that underfunding public services and failing to address poverty leads to higher economic and social costs

vancouversun.com

1 19 48

Reposted by Patriotic Millionaires Canada

Dave Kaufman @davekaufman.bsky.social · 9d

I really enjoyed our chat with @doctrott.bsky.social from Patriotic Millionaires Canada @patmillscanada.bsky.social and I think you will too!

Andrew Berkshire @berkshire.bsky.social · 9d

Available shortly: Did you know there's an organization of millionaires dedicated to taxing the rich more? @davekaufman.bsky.social & I spoke to @doctrott.bsky.social about the biggest issue in our society

Spotify: open.spotify.com/show/5CNfnD5...

Apple: podcasts.apple.com/us/podcast/c...

Claire Trottier to Clearing the Benches on the need for a wealth tax, and for the wealthy to do their part.

“Even for those who self-identify as conservative over 50% are in favour of a wealth tax.” -Dr. Claire Trottier

1 3 7

Reposted by Patriotic Millionaires Canada

Social Capital Partners🇨🇦 @scpartners.bsky.social · 27d

Today, the board of directors of The Canadian Tax Observatory welcomed @hscoffield.bsky.social as the organization's founding CEO.

Learn more about her ambitions for the new research and policy centre at: www.canadiantaxobservatory.ca

#TaxPolicy #CdnPoli #CanadaSky #EconSky #TaxFairness

4 10

Patriotic Millionaires Canada @patmillscanada.bsky.social · 29d

15 billion. Not by using any of the advantages the ultra-rich already get in the tax code. Just plain theft.

Everyone agrees we need to crack down on this, so what's stopping us?

breachmedia.ca/canadas-hidd...

Canada’s hidden tax crisis is stripping $15 billion from the economy every year ⋆ The Breach

For decades, Liberal and Conservative governments alike have incentivized corporations and wealthy individuals to shift profits overseas.

breachmedia.ca

2 3

Patriotic Millionaires Canada @patmillscanada.bsky.social · Sep 8

The US is a huge flashing warning sign on how a tax code fueled Oligarchy can form!

Canada has many of the same problems, but we have a chance to change before it's too late! It just takes taxing the ultra-rich.

www.cnbc.com/2025/09/05/t...

Tesla's nearly $1 trillion new pay plan for Musk would expand his voting power

Tesla will also ask shareholders to vote on whether the automaker should invest in Musk's artificial intelligence company, xAI.

www.cnbc.com

2 3

Patriotic Millionaires Canada @patmillscanada.bsky.social · Sep 2

Our American peers have just introduced a plan to ensure no one pays taxes until their basic cost of living is covered, and make the mega-rich pay for it!

If the Carney government wants to fund tax cuts for the lowest income earners, they should tax the rich, not cut vital services.

Patriotic Millionaires @patrioticmillionaires.org · Sep 2

WATCH: We just kicked off the #First45TaxFree campaign: a tax cut for working people, funded by millionaires.

Because full-time work should cover the basics—without taxing people into poverty.

9 15

Patriotic Millionaires Canada @patmillscanada.bsky.social · Aug 29

Our tax code values money over sweat.

It values already being rich over earning a paycheck.

It values unproductive and even extractive investment more than actually working for a living.

Until that changes, the tax code will guarantee wealth inequality in this country grows.

Social Capital Partners🇨🇦 @scpartners.bsky.social · Aug 28

The wealthiest Canadians pay lower tax rates than what the average worker pays.

Why? Because our tax system taxes employment income at a higher rate than passive investment income.

SCP Fellow @silasxuereb.bsky.social unpacks the data: tinyurl.com/3ycnt6fz

#CdnPoli #CanadaSky #Taxation

2 5

Patriotic Millionaires Canada @patmillscanada.bsky.social · Aug 12

Who does Doug Ford want to cut taxes for? Massive corporations that are price gouging consumers? Rich investors already getting a sweetheart deal?

Instead, why don't we fight tax havens and tax the ultra-rich and make investments that actually help working Canadians.

Toronto Star @thestar.com · Aug 12

Doug Ford is heading to Ottawa for a ‘heart to heart’ with Mark Carney.

Ford said he would be appealing to Carney to lower taxes to “create the environment” to help people and businesses weather the tariff storm.

Doug Ford heading to Ottawa for a ‘heart to heart’ with Mark Carney

With U.S. President Donald Trump's trade war on Canada, Ford said he would be appealing to Carney to lower taxes to "create the environment" to help people and businesses weather

www.thestar.com

1 1

Patriotic Millionaires Canada @patmillscanada.bsky.social · Aug 12

So far, Canada has refused to join with other G20 countries and crack down on tax havens.

Listen to Jared Walker (from @c4tf.bsky.social) on how Canadian corporations have been abusing these havens for decades, and how it's hurting every day Canadians.

perspectivesjournal.ca/canadas-tax-...

Canada's Tax Haven Dilemma with Jared Walker | Perspectives Journal

Jared Walker argues that the revenues generated from tackling Canada's tax haven problem means Carney's Cuts to public services are an unnecessary choice.

perspectivesjournal.ca

1 6 12

Patriotic Millionaires Canada @patmillscanada.bsky.social · Aug 11

Through 5,000 years of human history, the same cycle repeats: Elites extract huge amounts of wealth and power, a small oligarchy makes poor decisions in their own short term self interest, and what's left of society collapses.

Can we learn from those mistakes?

www.theguardian.com/environment/...

‘Self-termination is most likely’: the history and future of societal collapse

An epic analysis of 5,000 years of civilisation argues that a global collapse is coming unless inequality is vanquished

www.theguardian.com

2 7

Reposted by Patriotic Millionaires Canada

Forward Global @forward-global.org · Aug 7

Forward Global Member Claire Trottier (@doctrott.bsky.social), Chair of @patmillscanada.bsky.social, joined Radio-Canada OHdio to discuss wealth inequality and its solutions—including higher taxes on wealth holders.

Listen (en français): bit.ly/3H2O3Z7

Les riches doivent-ils sauver le monde? | OHdio | Radio-Canada

Écoutez l’extrait de l’émission De l'huile sur le feu : Les riches doivent-ils sauver le monde?

bit.ly

3 3

Patriotic Millionaires Canada @patmillscanada.bsky.social · Aug 8

Instead of making huge cuts to public services, the government should be looking at where the money is: the uber-rich paying extremely low tax rates as wealth inequality explodes.

(From @ricardotranjan.bsky.social)

www.thestar.com/opinion/cont...

Ricardo Tranjan: Income inequality reached a new high. Here’s why Ottawa’s DOGE-style cuts will only make it worse

The prime minister has gone from Captain Canada to Captain Cuts.

www.thestar.com

1 5

Patriotic Millionaires Canada @patmillscanada.bsky.social · Aug 6

"Unlike wages, wealth reflects not just income but also access to assets, favourable institutional conditions – such as low interest rates – and public policies like low taxes and housing shortages. In other words, wealth depends on political choices"

www.theguardian.com/commentisfre...

The Guardian view on global inequality: the rising tide that leaves most boats behind | Editorial

Editorial: The world’s assets are piling up in the hands of the few as growth is built on widening gaps. That’s not just unfair – it’s economically unsustainable

www.theguardian.com

1 3

Patriotic Millionaires Canada @patmillscanada.bsky.social · Jul 31

Inequality doesn't just threaten our economy. It threatens the stability of our society and our democracies.

1 36 120

Reposted by Patriotic Millionaires Canada

Canadians for Tax Fairness @c4tf.bsky.social · Jul 24

Our latest report on tax havens exposes how the ultra-rich are hiding hundreds of billions in tax shelters - with help from our government. 🌴💸 Check out our op-ed in today's Globe & Mail! www.theglobeandmail.com/business/com... And send a message to Ottawa to end tax havens here: bit.ly/C4TFhavens 💫

Opinion: Why do we keep letting Canada’s ultrarich use tax havens to stash wealth?

Carney needs to end a near-universally loathed loophole that allows the wealthiest and largest corporations to avoid paying billions

www.theglobeandmail.com

1 6 10

Patriotic Millionaires Canada @patmillscanada.bsky.social · Jul 28

If we were going to build a sky scraper, we would never make the bottom shaky and unstable and throw all the weight on top.

So why should we build our economy that way? If this pattern continues, the whole thing will topple over.

Social Capital Partners🇨🇦 @scpartners.bsky.social · Jul 24

When working people get ahead, Canada gets ahead. When working people win, Canada wins.

#CanadaSky #CdnPoli

Text on image: We believe highly unequal societies are unstable societies - and not in anyone's long-term interests.

2 11

Patriotic Millionaires Canada @patmillscanada.bsky.social · Jul 25

Our US pals @patrioticmillionaires.org are in @washingtonpost.com today!

They're sounding the alarm!

Canada can avoid the mistakes of the US with a tax code that stops funneling wealth to the top and effectively taxes the super rich!

www.washingtonpost.com/business/202...

They’re rich. They’re anti-Trump. And they don’t want their big tax cut.

Many of the biggest beneficiaries of the GOP tax law say they are getting millions of dollars they don’t want or need.

www.washingtonpost.com

1 1 8