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Can the government fix wealth inequality simply by taxing the rich?

Summary by Ground News
Toronto Mayor Olivia Chow is floating the idea of an increase in the land-transfer tax, an amount that’s owed when a house is purchased. Its total is based on the value of the house at the time of purchase, meaning the higher the price, the higher the tax.

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Can the government fix wealth inequality simply by taxing the rich?

Toronto Mayor Olivia Chow is floating the idea of an increase in the land-transfer tax, an amount that's owed when a house is purchased.

·Toronto, Canada
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City News broke the news in Toronto, Canada on Monday, December 15, 2025.
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