The 'Patriotic Millionaires' are a new coalition of affluent Canadians advocating for increased taxes on the wealthy. Taking cues from similar movements in the U.S. and U.K., they argue that current tax systems unfairly burden lower-income citizens while allowing the wealthy to exploit loopholes. Claire Trottier, chair of the Canadian branch, emphasizes the need for tax reform to achieve fairness. The group intends to influence public perception regarding wealth taxation and aims to present upcoming research on G7 wealth taxes to highlight potential revenue changes.
"Patriotic Millionaires, which started in the U.S., rapidly realized that this is an international issue. Every country should be taking a look at the way that they design their tax system to try to ensure greater fairness across the system."
"The organization said it's initially focusing on changing how Canadians think about taxing the wealthy, but is working to release research in early June on how it believes different wealth taxes across G7 nations could change government revenues."
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