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Opinion | Canada needs to address the well-heeled elephant in the room

4 min read
Carney to attend United Nations General Assembly at pivotal time for the institution (copy)

Prime Minister Mark Carney takes part in a swearing-in ceremony at Rideau Hall, in Ottawa, on September 16, 2025.聽


In his column this week, Jamie Watt fails to address the biggest elephant in the room. Yes, the federal government needs to be more 鈥渟trategic鈥 in terms of financial planning, but it’s also worth noting that massive amounts of taxable funds are lost to the state yearly. In 2024 alone, billions of dollars effectively went uncollected from big corporations and the wealthy elite. Canada is now staring down huge cuts to social spending; that’s why we need as much tax revenue flowing into government coffers as possible. How is it fair, as the American multibillionaire Warren Buffett once famously said, that guys like him should pay less in taxes than their servants do? This isn’t about envy or pie-in-the-sky progressivism; it’s about democracy.

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