Archive for the ‘Debates’ Category

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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.

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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…

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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.

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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.

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Traditional Economics Has Absolutely Screwed Us

Monday, May 13th, 2019

Conventional capitalism is failing because it considers the services provided by nature such as oxygen and food production as free and limitless. Only an economist could fail to see how a collapsing biosphere might be bad for business… The UN study found that $325 billion in subsides shoveled at the fossil fuel industry around the world actually result in $5 trillion in costs to degraded natural systems on which our survival depends.

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Ford’s deficit hype conceals Ontario’s dirty secret

Thursday, May 9th, 2019

… Ontario already has the lowest program spending (per capita) among Canada’s 10 provinces — before Ford’s spending cuts click in… While the provincial average for revenue (per capita) is $12,373, Ontario only collects $10,415 (per capita) — a significantly smaller amount… And Ford is making the problem worse by cutting taxes a further $3.6 billion a year… Ford’s measures — despite his claim to be acting “for the people” — redirect resources from ordinary people to corporations and the rich.

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If you don’t have a plan for the environment, you don’t have a plan for the economy

Tuesday, May 7th, 2019

Tackling climate change is a marathon, not a sprint. It requires transforming our economy, our workforce, and our communities though new thinking, smart technologies and an all-hands-on-deck effort led by youth, Indigenous peoples, farmers, entrepreneurs, investors, new Canadians and others… Our climate is changing. We can too.

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Drug executives face charges, just like street dealers

Saturday, April 27th, 2019

The U.S. government sent a powerful wake up call to drug company executives this week. For the first time, it charged a distributor of opioids, Rochester Drug Cooperative, its former CEO and another former executive with the kind of drug felony charges normally brought against the likes of street dealers and cartel bosses… In 2017 alone, 47,600 individuals in the U.S. died in opioid-related deaths, while the number in Canada was almost 4,000.

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The push is on to reinvent American capitalism

Tuesday, April 23rd, 2019

In today’s America, just 16,000 families account for US$6-trillion in assets. That is equal to the total wealth of two-thirds of all U.S. families. While so many go wanting, thousands have so much wealth they couldn’t spend it all if they lived to be 800. It’s irrational, and one of the many reasons rethinking capitalism is overdue… Mr. Trump triumphantly points to continued good growth and near record-low unemployment numbers… But … Republicans are vulnerable on the inequality issue. Their tax cut was a giveaway to the wealthy and to Corporate America.

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The crushing impact of social media freeloaders

Monday, April 15th, 2019

Here are two breathtaking stats: 65 per cent share and 80 per cent margin. Those are market experts’ estimates of share of ad revenues and the profit margins of the social media duopoly in Canada. No other ad business in the world has that stranglehold, no other media business earns one quarter of those stratospheric profit margins. Unlike them, their Canadian television, newspaper and magazine competitors pay taxes.

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