Ford’s zealous desire to privatize alcohol sales will be costly for Ontario taxpayers
Friday, July 12th, 2024
The Liquor Control Board of Ontario (LCBO)… annual profit — $2.5 billion in 2023 — goes into the public treasury, where it pays for things like health care and education… it’s doubtful that Ontarians would want to pay higher taxes so that more profits from alcohol sales could go to highly-profitable grocery store chains… Once all the LCBO’s lost revenue is factored in, the full cost to the public treasury of this privatization will likely be… close to a billion dollars.
Tags: budget, economy, ideology, privatization, tax
Posted in Delivery System | No Comments »
Pierre Poilievre’s vision for Canada: Heaven for the very rich and squat for everyone else
Friday, June 14th, 2024
… the real redistribution in recent years hasn’t been the small bit directed toward benefits for ordinary Canadians but rather the gush of money toward the wealthiest Canadians. In 2021, the richest .01 per cent saw their incomes grow on average by a stunning 30 per cent to $12.5 million a year, while the incomes of 14 million working Canadians actually declined, according to Statistics Canada.
Tags: budget, standard of living, tax
Posted in Equality Debates | No Comments »
Wealthy Canadians get huge tax breaks, even with budget changes to capital gains
Thursday, April 25th, 2024
The tax system is much tougher on working people, who make up the vast majority of Canadians, including almost everyone in the lower and middle class. Working people pay taxes on their full working incomes, with few exemptions, and their taxes are deducted before they even receive their paycheques. Then there are those who own capital — stocks, bonds and other property… “A buck is a buck is a buck.” The budget’s tax changes are a small but important step in that direction.
Tags: budget, featured, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
Canada should support G20 plan to tax billionaires
Thursday, March 7th, 2024
In an unprecedented development, the G20 has announced it is exploring the idea of co-ordinating efforts to ensure the world’s billionaires pay annual taxes worth at least 2 per cent of their wealth… By co-operating, the world’s leading economies could curb the ability of the superrich to play countries off against each other, and incentivize nations to tax their own billionaires… It’s a plan Freeland should support, even enthusiastically champion.
Tags: budget, economy, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
Financed by Canada, medical breakthrough helps Big Pharma, not global poor
Thursday, December 14th, 2023
Canadian taxpayers played a key role in funding the technology that made mRNA vaccines possible. Yet Canadian authorities took no steps to ensure that the resulting vaccines would be made accessible to people who needed them rather than simply becoming enormous profit-generators for Big Pharma… Today’s system, which prioritizes private profits and intellectual property rights, is in sharp contrast with the system in place for six decades when Canada had publicly-owned Connaught Labs.
Tags: economy, globalization, pharmaceutical, privatization, rights, standard of living
Posted in Debates | No Comments »
Time to hit the rich with a wealth tax
Thursday, November 30th, 2023
… in their budget last March, the Liberals proclaimed they were “ensuring the wealthiest Canadians pay their fair share,” as they brought in income tax changes that will raise another $525 million a year from high-income earners. But these changes will have little impact on the wealthiest Canadians, who are largely able to avoid income taxes. To tax the truly wealthy – and only them — a wealth tax is far more effective… A wealth tax would apply exclusively to those with net assets of more than $10 million…
Tags: economy, ideology, tax
Posted in Equality Debates | No Comments »
National pharmacare dream dying as Trudeau appears ready to cave to Big Pharma
Thursday, November 16th, 2023
… pharmacare would increase Canadian government spending by the equivalent of about one-third of one percentage point of GDP… Even so, politicians seem willing to conjure up the threat of a credit downgrade, scaring Canadians into falsely believing universal pharmacare is unaffordable. (Instead, the Liberals may propose a smaller means-tested program.) … don’t be fooled into believing it’s because we can’t afford it.
Tags: budget, Health, ideology, pharmaceutical
Posted in Health Debates | No Comments »
New rules to shield private clinics from public scrutiny
Thursday, April 6th, 2023
Ontario already has private clinics. But the government is greatly expanding them in number and function and carving out a whole new zone within our health care system where they’ll be allowed to operate with far less public accountability, scrutiny and oversight than is currently required of private clinics… Bill 60 imposes no financial disclosure requirements on the director, who will have sweeping powers over the awarding of lucrative clinic licences.
Tags: featured, Health, ideology, privatization
Posted in Health Policy Context | No Comments »
Biden breaks taboo on taxing wealthy, showing Trudeau how to do it
Thursday, March 23rd, 2023
… their wealth is largely held in corporate stock and, unless they sell stock and trigger a capital gain, no income tax applies. The wealthy are a formidable interest group who play an enormous — although largely hidden — role in shaping the political agenda. Still, they’d have more trouble keeping a wealth tax off the agenda if our progressive politicians embraced the idea with the same gusto as the broad Canadian public.
Tags: budget, economy, featured, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
Private foundations sit on billions of dollars while charities struggle
Thursday, February 9th, 2023
We don’t need more tax breaks for charitable giving — Canada already has among the world’s most generous charitable tax breaks, and we are overflowing with charitable funds. It’s just that we can’t get at them. What’s needed is a major overhaul of Canada’s two-tier charity sector where private foundations controlled by wealthy families sit on mountains of idle cash while thousands of working charities are starved for funds as they struggle to deliver services to Canadians.
Tags: budget, economy, ideology, standard of living, tax
Posted in Inclusion Policy Context | No Comments »
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