Keeping 45-50% of your marginal income above $200K or so is not so terrible, really.  First, it's far better than the 80-90% marginal tax rates seen in many countries in the 1960s and 1970s.  Second, by the time you get to $200K, you are doing far better than most Canadians.  Third, capital gains (a big part of the income of any 1% member) are taxed at half that, so you get to keep 70%+ of your marginal income.