Cost of living hitting food banks in Canada so hard that visits are limited to once a month (www.ctvnews.ca)

submitted 3 days ago by yogthos@lemmy.ml to c/canada@lemmy.ca

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[-] definitemaybe@lemmy.ca 1 points 1 day ago

That's the cool thing: there's plenty of wealth to cover all of that, it's just currently being hoarded by the ultra wealthy.

There's no reason that people in Canada should face food insecurity. Basic nutrition is a human right, necessary for survival.

The PC party in charge right now is better than the Reform Party they beat to gain power, but neither of those parties have any plans to help 90% of Canadians with meaningful reforms to income and business tax.

For example, the "Liberals" (PC party, in all but name) axed their legislation to a modest increase on capital gains tax advice $10K/year. You know who's earning over $10K/year in non-tax-deferred investment accounts? Only the 1%.

Bring back 70% marginal income tax rates for income in 7 figures and no special status for capital gains (except for being able to subtract capital losses at par). That alone would pay for basic life necessities for every Canadian who can't afford to live.

[-] Teppa@lemmy.world 1 points 10 hours ago* (last edited 9 hours ago)

Well do you think wealth can really horded, isnt it true that if those rich people dont consume then the money supply grows, until somebody consumes. Which is how interest rates get so low in a recession, people stop consuming and the wealthy are made richer until somebody has the money and the desire to consume.