• Basic income reform would need more taxes: OECD

    Welfare reforms that would introduce public payment of an unconditional basic income to everyone of working age are worth exploring but would do little to combat poverty if not financed by extra tax, the OECD said… if existing benefit systems were abolished and the funds used to pay an unconditional, flat-rate payment for all of working age, the payout would be lower than many welfare beneficiaries currently receive.

  • Basic income hailed as way to give people chance to chase their dreams

    “What if the people who were most at risk — people from low-income and marginalized communities who are living day to day with real challenges — were able to become social entrepreneurs?” … As Ontario embarks on a basic income pilot project that would pay low-income individuals up to $16,989 annually with no strings attached, there is a chance to broaden the social innovation playing field…

  • Wait. What if we’re not actually worse off than our parents?

    Using a database of revenue statistics from 1978-2014 that links the income of Canadians to that of their children, the agency concluded that absolute income mobility has remained fairly stable in the past four decades… people who were born between 1970 and 1984 – Generation X and the first tranche of millennials – exceed their parents’ adjusted family income through their mid-career years in roughly the same proportions as the boomers did.

  • If freer trade kills off these Canadian businesses, it would be better for everyone

    Let markets figure out what works and what doesn’t… one of the best things about trade, though no politician can say so, is that strong competition from foreigners kills a country’s weak firms… Let’s make trade as free as we can — which means much freer than it is — and by all means let’s help losers adjust. But we really do need them to lose.

  • WSIB cutting costs at expense of workers’ health, report says

    Ontario’s worker compensation board is saving money by reducing spending on drug benefits for workplace accident victims and by providing financial incentives to their health-care providers to limit treatment time, a new report compiled by a Toronto-based legal clinic says… Since 2010, the WSIB has sought to reduce its $14 billion unfunded liability, but maintains that health outcomes are improving amongst injured workers.

  • Bad policy has played a role in Canada’s housing crisis

    We ought to remove existing distortions such as favourable treatment of capital gains on real estate, provincial ownership subsidies, taxpayer-guaranteed mortgages, low residential property taxes and restrictive zoning. These policies encourage businesses and individuals to focus on real estate instead of other economic activity, exacerbate price volatility and fail to improve affordability. What better time to cut back these subsidies than when the market is soaring of its own accord and does not need artificial support?

  • Ontario’s new workplace laws will be ‘profoundly negative’ for an economy already lacking competitiveness Republish Reprint Special to Financial Post

    NationalPost.com – FP Comment May 18, 2017.   Karl Baldauf Government cannot legislate prosperity. As we look internationally, it’s clear that jurisdictions that seek to […]

  • Encourage seniors to keeping working

    For seniors, for the economy, for all of us, the government must adapt its policies to the changing demographic reality. The steps government has already taken, both by rolling back the age of eligibility for Old Age Security and beginning to expand public pension coverage, are a good start – but only a start – toward ensuring that older workers who want to retire can.

  • Let’s make human rights central to a new NAFTA

    What the world desperately needs is a system of global rules fair to both capital and labour. Such a system would require all World Trade Organization members to respect and ratify basic labour rights, notably the right to independent unions as defined by the International Labour Organization. Such a system would also entail an enforcement mechanism with sanctions such as those which now exist to protect corporations’ rights.

  • Basic income is an opiate for the masses, not a sustainable solution

    In recent decades, the neo-liberal agenda… has created enormous amounts of wealth but not for everyone. Vast numbers of losers have also been created. A basic income would allow the neo-liberal agenda to remain intact. Job destruction could happen more easily. There would be less incentive for governments and the privileged to build a balanced economy that shrinks that wealth divide.