Turns out higher capital gains taxation is great for investment

Budget 2024 proposed reducing the tax break on capital gains to a similar level (but still more advantageous to the wealthy) than what Canada had from 1988 to 2000. During that period, investment didn't collapse as corporate Canada scare mongered—it doubled.

Comparing real seasonally adjusted machinery and equipment and intellectual property to GDP.
Chart: David Macdonald - Canadian Centre for Policy AlternativesSource: Statistics Canada table 36-10-0104-01Get the dataCreated with Datawrapper