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These Canadian millionaires are asking for tax increases but just for themselves [Video]

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Canadian National News

A group of wealthy Canadians calling themselves “Patriotic Millionaires” is banding together to lobby governments to increase the amount of taxes they must pay, with a campaign patterned after similar movements in the United States and United Kingdom.

But there is already pushback on the concept — even before the group officially launches in Canada — with the opposing view being that higher taxes would drive entrepreneurship away from this country.

Speaking exclusively to CBC News in advance of the group’s Canadian launch, members of the Patriotic Millionaires say their organization is looking for broad changes to wealth taxes and capital gains in this country.

The group says it believes lower-income citizens often pay tax on much of their income, while wealthier investors can leverage dividends, investments and capital gains to change what they pay and how.

“Patriotic Millionaires, which started in the U.S., rapidly realized that this is an international issue,” said Claire Trottier, chair …

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