this post was submitted on 02 Jul 2025
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Millionaires with a few million dollars aren't the problem
The biggest problems are the handful of billionaires and the billionaires that are not Canadian but have a strangle hold on companies or corporations that affect Canada.
If the government could just tax the ever loving shit out of billionaires, they'd remove the single root cause of a lot of problems in the country and actually allow some sort of competition in all industries. This would allow the economy to spread the wealth to more Canadians than to a bunch of non-aligned billionaires who could care less what country they are attached to because their wealth is so great, they are basically their own country at this point.
Millionaires aren't the problem .... Billionaires are
Anyone with either millions or billions is the problem because no single person needs either.
Uh... You do need millions to retire.
I feel like a lot of people retire with much much less than "millions". Might not be a super comfortable retirement but, def doable.
My mom 'retired' with 'much much less than "millions"'. She stopped working at 75.
She lives in a small $2/sqft/mo rental with dodgy power, asbestos in the walls, windows stuck shut, people staggering past the fuse box all night, miner bees in the walls, and shit Internet. It's a coastal town with no access by roads - just ferries - and minimal services. It's a half-day to get there, really, or an hour's flight.
you may need to experience your version of 'doable' before you commit to it.
Being a homeowner gets you there in a lot of places, it doesn’t matter because you still need a home so you can’t live off it