Jesse Kline: Liberal luxury tax will hurt workers much more than the rich

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Jesse Kline: Liberal luxury tax will hurt workers much more than the rich
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Thousands of blue\u002Dcollar jobs are at risk

, written last year by an HEC Montréal business professor for the Aerospace Industries Association of Canada, estimated that it would result in the loss of 2,071 direct jobs in the aviation sector, representing $149.3 million in lost wages and $29.9 million in reduced federal income tax revenue per year.

That’s potentially thousands of blue-collar workers who will not be able to put food on their tables thanks to a policy that was supposed to be about asking “those who have prospered … to help those who have not.” This is certainly not how it was sold to the public.Article content “The success of Canadians, and Canadian companies … is cause for celebration,” wrote Finance Minister Chrystia Freeland in the. Yet she has a very condescending way of showing it: “If you’ve been lucky enough, or smart enough, or hard-working enough, to afford to spend $100,000 on a car, or $250,000 on a boat — congratulations! And thank you for contributing a little bit of that good fortune to help heal the wounds of COVID and invest in our future collective prosperity.

In other words: thank you for contributing to this country’s economy; as a prize, we’re going to take even more of your money than we already do and hurt a bunch of blue-collar workers in the process. It’s all about making the rich pay their “fair share,” you see, even though the top 10 per cent of earnersThis advertisement has not loaded yet, but your article continues below.The nice thing about using the word “fair” is it can mean anything to anyone.

But is it fair that so many innocent Canadians will be hurt by a policy ostensibly designed to help them? Or that we have a federal government thatof dollars over the years subsidizing Bombardier’s plane-building business, only to impose a tax that disincentivizes people from purchasing those planes? One can’t help but wonder if we wouldn’t be much better off if we had a government that nurtured success instead of punishing it.

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