Good Morning #Canada
Yesterday my wife and I had to pay for a small renovation which necessitated some budget shuffling. Needless to say we didn't make the list of the Richest Canadians. The McLeans and Canadian Business 2025 ranking saw lots of new names, which is surprising because $4.8B only earns you a spot at #40. Tech, primarily AI and data centre related, and cryptocurrency pushed some fortunes upwards, while the usual group of staid family wealth looked on with disdain. The saying "the rich gets richer" holds true as the combined net worth of the 10 wealthiest people on the list is $310 billion, a nearly 20% increase over 2024. It's difficult to read the individual summaries and not be disappointed at the level of wealth disparity with the bottom 50% of Canadians. IMO Governments avoid higher taxes on the wealthy because they believe Capitalism drives the economy, not the people who work for capitalists.
#CanadaIsAwesome #Capitalism #TaxTheRich
The Rich List - Macleans.ca
https://macleans.ca/longforms/the-rich-list/