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Calls to tax the rich

The 1 per cent tax on wealth over $10-million could bring in billions; but critics warn it could also lead to an exodus of capital.
A demonstrator wears a "Tax The Rich" t-shirt during a national day of resistance to demand a safe, scientific, racially just and fully funded approach to reopening schools during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., August 3, 2020. REUTERS/Mike Blake (Mike Blake/Reuters)

The federal NDP say they plan to press the federal Liberals for a "tax on the ultra-rich." 

The 1 per cent tax on wealth over $10-million could bring in billions, but critics warn it could also lead to an exodus of capital. 

Tracy Johnson looks to Europe where several countries imposed a wealth tax in the 90s, but most have since abandoned the idea. Why?

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