Big Thinking on the Hill
Patrick Turmel, Professor at the Faculty of Philosophy and Director of the social and economic ethics section of Université Laval’s Applied Ethics Institute
Economic inequality: Should Canada bring back inheritance taxes?
October 24, 2017
Most democratic societies, including Canada, are faced with growing inequality, and various policies to address this issue have been the subject of repeated debate. One of the main areas of concern is the return of “patrimonial capitalism”, in which inheritance becomes the main determining factor of one’s socio-economic position. In this context, many voices on the international stage have been speaking to the necessity of increased inheritance taxes as an essential tool for achieving a more just society. Canada is one of the few developed countries to have eliminated inheritance or estate taxes. Should we consider reinstating this fiscal tool? This talk will consider the main objections to inheritance taxes in order to reach a clearer understanding of this morally and emotionally-charged debate.
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