NDP's Andrea Horwath Wants Tax Hike for the Rich

The leader of the Ontario NDP party, Andrea Horwath, has suggested hiking the tax rate for those who earn more than $500,000 by two percent.

While some people like the idea, others don't. James Doak of Megantic Asset Management recently compared the proposed increase as "ethnic cleansing" on CTV.

This is not the first time discussion has taken place about taxing the rich. Canada has had these discussions before and there are arguments for and against implementing higher taxes on the top earners. The general sentiment is that taxing the rich a bit more is fair, spreading the tax burden more evenly across the population.

Those against raising taxes for the rich argue that the move could lead to citizens choosing to avoid taxes in their home country such as Top Shop's Sir Philip Green, whose company in his wife's name. She's a resident of Monaco, a notorious tax-free haven for Europe's richest citizens. Other reasons for opposing a tax hike include a predicted disinclination to invest, which could stunt economic growth, and lingering questions about whether taxing the rich really ends up helping the economy.

Horwath is hardly the first person to suggest a tax increase on the rich. She's just another in a long, international line who have called for the same. Have a look to see who's on the side of increased taxation for the 1%.

CLICK PHOTO FOR A 'TAX US PLEASE' GALLERY