Extreme wealth continues to skyrocket in Canada and the rest of the world. In Canada, the richest 0.02% have more wealth than the bottom 80% of Canadians.

Billionaires are generating a million times more emissions than the average person, while fossil fuel companies, responsible for 70% of global emissions, have been lying to us for decades. It is only fair to hold the super-rich accountable for the economic hardships they are causing.

There is a solution — in one small step. By creating a national annual wealth tax on the richest 1% of Canadians and a windfall tax for major corporations, the Canadian government could raise more than $20 billion a year. This revenue can be invested in urgently-needed public measures, like climate action, universal child care, mental health and income supports, and affordable housing.

With this investment, we could build a more equal economy that benefits the communities most impacted by the climate emergency and rising inequality – women, and Indigenous, Black and racialized communities.