this post was submitted on 15 Dec 2025
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What if we take the billionaire's money and give it to the people?
Taking it a step further, why don't we take the top 1% of the wealthy worldwide and share it with the people. The top 1% would be anyone who makes over $82,640 Cdn. (depending on which metric you use). The top 5% of earners in the world would be anything over $48,000 Cdn.
Ehh, there is a far difference between a millionaire or billionaire and someone making sub $100 000 a year. 100k a year won't get you a house in any of the bigger cities in Canada. A billionaire has more money than they can spend.
But yes, there definitely in a wealth inequality between nations, but it's the billionaire's and corporations that are causing that, not generally middle class people.
I worked in a hospital in Central Haiti for three years. Children died regularly because they didn't have enough to eat. A visit to the hospital (which included seeing a doctor, any lab tests, medicine, or x-rays) was $10, a price that many people couldn't afford. They looked on us middle class like we look at billionaires.
Shut the fuck up with the false equivalences. Let's start taxing the ultra wealthy, then we can figure out how to tackle global wealth inequality.
You're not going to make any headway antagonizing half the population in the Western world. These are people who in many cases have a hard time living a decent life even if they're in the global 1%. They don't live in Haiti, they don't pay $10 for their x rays.
I think you're missing the forest for the trees there, mate. You're correct that there are other people out there that are worse off, but if we take from one group that is struggling and help another group that's struggling you're just shifting who is worse off. If you were to take money from the people who have more than they can ever use (ie billionaires, and the corporations that got them so rich) and help everyone else out, everyone is still benefiting.
Plus, it looks at the core reasons why so many are struggling. Having housing as an investment, food price fixing, telecoms taking tax dollars to upgrade infrastructure and pocketing it, governments privatizing crown corporations to the detriment of the public and to get their rich friends richer, etc. These are what are causing the issues for most middle and lower class Canadians, and it all stems back to corporate greed (and the billionaires that own them).
I left Haiti with no solutions. Many Haitians looked at us (middle class of the developed world) as the cause of their problems - that the stuff we consume and the stuff we waste and the energy we consume results in shortages there. They have no social safety net, bad health care, little food, rampant disease. I don't know what the answers are, but often when I go to bed without hunger pangs, or enter my huge house (in some places, they took turns sleeping because there wasn't enough room on the floor for the whole family to lie down), or walk into a doctor's office, I think of them.
If you take the top 10 billionaires in Canada, and take every single bit of value they have and manage to get every single dollar while doing so. You would still only give each Canadian $3000.
Once.
I'm not pro-billionaire, but if instead, you took every single piece of residential property in Canada, and took that value and divided it between all Canadians, each person would get $212,500.
The biggest problem with distribution of wealth in this country is not the billionaires, it's the appreciated property values of real estate and the vast majority of those are your standard every day Boomer house.
I'm confused - are you arguing for lower property values as a driving method to reduce COL, or for trying to redistribute housing prices?
The argument is that it's not billionaires causing the primary issues with affordability.
It's almost entirely the pyramid scheme that is the 8.5 trillion dollar real estate market, which is majority owned by the average Canadian citizen, not corporations and billionaires.
I mean feel free to eat the rich at the same time, but if we want to make things affordable and our economy competitive again for anything, we NEED to reduce property values.
Currently, my home consumes approximately 45% of the combined wages of my wife and I, and we're lucky enough to have it half paid off already. If we dropped the cost of housing significantly, it would hurt the equity of everyone, but also it would mean that I could work for a lower wage, and still take home more disposable income.
An 80% drop in real estate values could mean paying me 30% less and me still being ahead financially, especially once you account for the multi-stage effects where most of the things I buy are made using land and labour, both of which would now be cheaper, so the prices of most products (like food) could drop too.
All of that would need significant government regulation during the transition period to ensure companies play nicely, but it's totally possible.