Québec solidaire wants to tax the assets and estates of millionaires | Elections Quebec 2022

The political party presented two tax measures on Tuesday morning – a wealth tax and one large inheritance tax – which will only affect the richest 5% in Quebec; 95% of Quebecers won’t pay anything moreshe assured.

These two measures, evaluate QSwould bring $2.65 billion a year to the community.

We need means to protect the middle class from the cost of living crisis; we need the means to rebuild our health system [et] our education system; We need ways to fight climate changelisted Gabriel Nadeau-Dubois in a press briefing.

Money doesn’t grow on trees, we’re going to get it. »

A quote from Gabriel Nadeau-Dubois, spokesperson for Québec solidaire

L’wealth tax that the party wishes to establish would be levied on the assets of millionaires. It’s not a tax on the rich, it’s a tax on the ultra-richsays Mr. Nadeau-Dubois.

Between $1 million and $9.9 million, the tax rate would be 0.1%, which means $1,000 per million, after the first million. The rate would then increase to 1% above 10 million and to 1.5% above 100 million.

The ultra-rich in Quebec will have to pay on their tax return a small fraction of their fortune, and then, honestly, I don’t even know if they will realize itsaid Mr. Nadeau-Dubois.

With regard to thelarge inheritance taxthe first $1 million in net assets will be exempt, as with the very wealthy, but anything over a million dollars [serait] taxed at 35%reads the press release of Tuesday’s announcement.

Such a measure already exists in 24 of the 37 countries of theOECD, argues Gabriel Nadeau-Dubois. Rates are even higher than expected QS in Germany, France, the United Kingdom and Japan, he underlines in passing.

Gabriel Nadeau-Dubois was accompanied on Tuesday by his candidates Mathieu Perron-Dufour (at the microphone), who is running in the riding of Hull, in Outaouais, and Simon Tremblay-Pepin, who will seek the votes in Pointe-aux-Trembles, in Montreal .

Photo: Radio-Canada / Jacaudrey Charbonneau

Present at the press briefing, economist Mathieu Perron-Dufour, who is running in Hull, argued on Tuesday that it was also if not more important to fight against inequalities. wealth Where fortunes to fight against inequalities income.

Because these inequalities accumulate over time, from generation to generationand complicate the advent of a true equal opportunityan element fundamental to living togetheraccording to him.

Mr. Perron-Dufour, who teaches in the Department of Social Sciences at the University of Quebec in Outaouais (UQO), is not afraid to scare away the richest with the two new tax measures that his political formation wishes to introduce.

In fact, there are many other factors that determine why we choose a place or another to live, to live, and that [les imptôs]it is one among others, but it is not dominanthe nuanced.

In the various polls, when people are asked “what makes you want to live here or live there?”, the taxes are there somewhere, but it’s never in [les facteurs] the tallest. On the other hand, having a pleasant coexistence, a society where everyone is on the same footing, public services that work, that is at the top of the list. »

A quote from Mathieu Perron-Dufour, Québec solidaire candidate in Hull

We are betting that the same thing would happen in Quebec as happened everywhere else when we implemented this tax, that is to say that there would not be a mass exodus of people on this basisexplained Mr. Perron-Dufour.

A financial framework balance by sunday

Gabriel Nadeau-Dubois also indicated on Tuesday that his training will present its financial framework later this week. To date, only the Liberal Party has tabled its own.

QS has already indicated that its financial framework will be balance and that it would provide for a total suspension of payments to the Generations Fund.

Certain projects, such as the third Quebec-Lévis link and the extension of Highway 25, would also be removed from the Quebec Infrastructure Plan (PQI).

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Finally, Gabriel Nadeau-Dubois admitted on Tuesday that the Sustainable Housing Tax-Free Savings Account (TFSA HD) proposed to be created QS during the 2018 election campaign to encourage green investments was no longer in his cards.

The measure had been widely decried, in particular by the PQ leader at the time, Jean-François Lisée, who had criticized his opponents for wanting nationalize them TFSA Quebecers.

It no longer appears in the means used by Québec solidaire to finance the transition [écologique]confirmed Mr. Nadeau-Dubois. It was complex as a measure. She was misunderstood. We learned from that.

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