Idea alert - Macleans.ca

Idea alert

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Ed Broadbent suggests taxing the rich to fight child poverty.

About 100,000 Canadians are in the top tax bracket for earners making more than $250,000. On average, those individuals earn more than $600,000 a year. Broadbent, 73, said increasing their taxes from 29 per cent to 35 per cent would put billions more toward eliminating child poverty, increasing the amount spent by $3.7 billion.

“With just that single move we would double the amount given for the national child benefit supplement and take children out of the devastation of poverty,” he said during a speech at the University of New Brunswick.