Trudeau Touts Capital Gains Tax Increase as Intergenerational Economic Fairness

Prime Minister Justin Trudeau touted his budgetary plan to increase capital gain taxes while addressing his caucus April 17, saying the system is unfair to younger adults. Generation Z and Millennials “are the engine of our economy” the Liberal leader told his colleagues, adding that “everything that is created, built, served, and sold in this country is increasingly being created, built, served, and sold by Millennials and Gen Z.” The economy is not rewarding younger generations the same way their parents’ and grandparents’ generations were rewarded, he said, adding the idea of working hard and buying a home is out of reach for many middle-class Canadians today....