Taxation had led to many debates around the world. Taxation percentages and the tax laws change whenever the budget is introduced and it depends on the economic state of the country. By definition (Business Dictionary), taxes are a means by which governments finance their expenditure by imposing charges on citizens and corporate entities. Governments use taxation to encourage or discourage certain economic decisions by the citizens and the government. I don’t embrace the house’s belief, as I believe that we should not tax the rich more and everybody should work for the things they want such as money. The poor should not feed off of the rich because the rich have earned their money and the poor should do the same. The tax percentage should stay where they are in Canada right now as it is appropriate for everyone. I will expand upon these points further in my paper.

However, there are some people who wouldn’t agree with me. It depends on the point of view of each individual. Those people would say that it’s about moral ethics and no one should be allowed to have millions of dollars while …show more content…
It is the wrong approach, as the government should follow the approach of equality of opportunity rather than equality of economics. The money is the product achieved from the opportunity and the rewards of hard work. Fairness depends on the perspective and I believe that fairness should exist with opportunity, not money. Progressive tax system wouldn’t work as tax percentage applies to the income earned and rich would be paying more taxes anyway because they have higher income than the poor. Progressive tax system would lead to the rich leaving the country in order to save their money and it would hurt the economy in the future, as it wouldn’t be regulated. The harder an individual works, the reward should be corresponding to