Archive for the ‘Debates’ Category
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The world needs more Greta Thunbergs
Friday, June 28th, 2019
Ms. Thunberg began by offering some sobering perspectives on the greatest plague facing mankind, such as the fact that roughly 100 companies are responsible for emitting just over 70 per cent of our total carbon-dioxide emissions. And the fact that the richest 10 per cent of the world’s population emit about half of the planet’s total emissions and the wealthiest 1 per cent emit more than the poorest 50 per cent… “People who have a lot of power. People who consume enormous amounts of stuff, who often fly around the world, sometimes in private jets.”
Tags: economy, featured, globalization, Health, ideology, standard of living
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What is the problem to which creating a wealth tax is a solution?
Tuesday, June 25th, 2019
The stock of wealth in a country is typically many multiples of the flow of income; its concentration in a few hands is likewise greater. The top one per cent earn roughly 20 per cent of America’s income, but control 40 per cent of its wealth. They also pay 40 per cent of the income tax, but never mind: by taxing their wealth as well, vast sums of money could ostensibly be raised from relatively few people, and at relatively low rates.
Tags: economy, ideology, standard of living, tax
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The Ford government’s proposed wage-cap legislation: Debunking the myths, outlining the facts
Tuesday, June 18th, 2019
The Ford government has introduced sweeping wage legislation that will undermine free and fair collective bargaining under the pretense of a fiscal crisis. The reality is that Ontario faces a revenue problem and not a spending problem, as Ford continues to falsely claim… the Ontario government has the lowest per capita program spending in the country. This includes spending on essential public services such as long-term care, childcare, education, transit, water, and infrastructure.
Tags: budget, ideology, rights
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Canadian companies failed to pay billions of taxes owed, new CRA report reveals
Tuesday, June 18th, 2019
Canadian corporations failed to pay between $9.4 billion and $11.4 billion in taxes in 2014, according to the first comprehensive analysis of the country’s corporate “tax gap” — the difference between taxes legally owed and those collected — being released today by the Canada Revenue Agency. That means 24 to 29 per cent of all the corporate income tax legally due in Canada didn’t get paid that year.
Tags: budget, crime prevention, economy, featured, globalization, jurisdiction, tax
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Austerity and the Decline Of The Collective
Monday, June 10th, 2019
1. Austerity is toxic. 2. It is built on a lie, and on a withered idea of freedom and a hollowed out notion of citizenship. 3. Austerity is self-perpetuating, trapping us, stunting our political imagination. 4. We nevertheless do have alternatives… big change is urgent, and bold is exactly what’s needed if we are to meet our challenges and break out of the austerity trap. 5. A new generation of leaders is giving us reason for hope, though clearly there’s no reason for complacency.
Tags: budget, economy, featured, ideology, participation, poverty, privatization, rights, standard of living, tax
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Costs of Ontario climate plan would be double Liberal carbon tax, raise household costs: report
Tuesday, June 4th, 2019
The Clean Prosperity report found that the cost of the Ontario plan would be more expensive largely because it would “cherry pick” certain sources of emissions to cut and would cost $334 million in 2022, or $62 per tonne of greenhouse gas emissions removed. The federal plan would cost $214 million in 2022, or $40 per tonne… Economists say economy-wide taxes are the most efficient way to lower greenhouse gas emissions.
Tags: budget, economy, ideology, tax
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Closing the Biggest Money Laundering Loophole
Friday, May 31st, 2019
Unfortunately, Canada’s anti-money-laundering laws are among the weakest of Western liberal democracies. We have no public registry of beneficial ownership and we generally don’t require any beneficial ownership disclosure whatsoever. That makes us doubly attractive to international money launderers… as more countries implement public registries of beneficial ownership, more of the world’s dirty money will be redirected to Canada.
Tags: crime prevention, economy, globalization, jurisdiction
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Carbon tax smackdown: what is this argument really about?
Saturday, May 25th, 2019
… carbon taxes, so far as they raise the prices of things, impose an especially heavy burden on the poor. That would be a real concern, if the federal government were not also providing rebates covering the cost of the tax… The precedent for this was the GST tax credit, which like the carbon tax rebate more than compensates poor families for whatever it adds to the cost of living…
Tags: economy, featured, globalization, Health, ideology, tax
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Don’t fear Canada’s economic transition – our new economy is already here
Friday, May 24th, 2019
Oil and gas have never really defined Canada’s economy. Crude oil, for example, accounted for just 2.6 per cent of Canada’s GDP as of 2017… Canada’s clean-energy sector employed 298,000 Canadians as of 2017… It spans industries – electricity, efficient buildings, clean vehicles – and unlike some sectors, such as auto manufacturing in Ontario, clean energy is spread across the country.
Tags: economy, ideology, standard of living
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Why Canada saw a 60% increase in foreign direct investment last year
Thursday, May 23rd, 2019
… even more important to global capital flows is talent – the new currency attracting more and more investors. Again, Canada is leading the way. Our universities, colleges and vocational institutions continue to produce top-tier talent that fuels this country’s growth…. in 2018 a record high 572,415 international students came to Canada. These students can now fast-track to permanent residency and continue building Canada’s status as the world’s most educated work force.
Tags: economy, globalization, participation, standard of living
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