UPDATE: It appears, in the example offered below, that it wasn’t just private relationships between the wealthiest that make them work harder. Sometimes they just ‘feel that I did a great job’ and are thus entitled to their entitlements
In two recent appearances on the CTV news National Affairs program, James ‘Jim’ Doak has argued against the recent Ontario NDP-Liberal budget deal to add a 2% surtax to those with incomes over $500,000. Appearing on a panel with CCPA Senior Economist Armine Yalnizian, Mr Doak, an asset manager, suggested that the NDP proposal (now adopted by the Ontario Liberal government) amounted to ‘ethnic cleansing’ in that it deliberately ‘defined a group not by language or culture but by how much they make. And she (Ontario NDP leader Andrea Horwath) wants to get rid of them.’
Put aside for a moment the macroeconomic merits of a wealth surtax, or the likelihood of the wealthiest moving to more tax-friendly jurisdictions, or even the dangers inherent to increased income inequality. And ignore the ridiculous moral equivalence between macroeconomic policy that might lead to capital flight between provincial jurisdictions and the programmatic murder of specific ethnic groups.
What is perhaps most charming about Mr Doak’s outburst is the very real contempt he exhibits for the process of policy deliberation and the complicity of the media in accepting his contempt as if it were all part and parcel of a healthy public debate. (‘A great, great debate’ says one of the two hosts as the discussion ends, ‘we should have you two on together again!’) Continue reading