Québec solidaire is proposing a new tax on fortunes exceeding $25 million [1] to increase state revenue.
This proposal represents a significant shift in fiscal strategy for the province, targeting the highest earners to address systemic budgetary deficits. By focusing on extreme wealth, the party seeks to redistribute financial burdens to stabilize the region's economic outlook.
Ruba Ghazal, a spokesperson for the Québec solidaire party, said the initiative is designed to bring order to the public accounts. The party estimates that the tax would generate $5 billion per year [2] for the state.
"On demande une petite contribution aux plus riches," Ghazal said [3].
The proposal focuses specifically on individuals with assets surpassing the $25 million threshold [1]. According to the party, these funds are necessary to restore balance to the public finances, a move they describe as a corrective measure for the province's fiscal health.
"On va remettre de l'ordre dans nos finances publiques," Ghazal said [4].
The plan arrives as the party continues to advocate for wealth redistribution as a primary tool for funding public services. The projected $5 billion in annual revenue [2] would provide a substantial cushion for state spending and debt management.
“"On demande une petite contribution aux plus riches,"”
The proposal by Québec solidaire reflects a growing trend in certain political spheres to move beyond income tax and toward wealth taxes. By targeting fortunes above $25 million, the party is attempting to create a high-revenue stream that avoids impacting the middle class while signaling a commitment to fiscal discipline through progressive taxation.
