Archive for the ‘Debates’ Category
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Groups call for united voice in Northern Ont.
Sunday, May 22nd, 2011
May 21, 2011
The Northern Policy Institute’s mandate is to conduct independent forward-looking research on business, economic and social issues to improve the area’s standard of living and monitor and report on the implementation of the Growth Plan for Northern Ontario… FONOM, NOMA and NOSDA’s vision of input is an expression of what Northern communities have been saying since the plan was first released in March… The Growth Plan for Northern Ontario is an extensive plan that examines the north’s economy, people, communities, infrastructure, environment and Aboriginal peoples.
Tags: budget, economy, participation, standard of living
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Why talented Canadians can’t find work
Friday, May 20th, 2011
May 19 2011
Three reports have been released in the past week warning that Canada’s labour market is so badly broken that it creates more losers than winners and threatens the country’s economic vitality… there were common themes: • Waiting for the policy-makers to solve the problem won’t work… • Waiting for big business to spot and hire talented newcomers won’t work… • Waiting for the “invisible hand of the market” to bring supply and demand into balance won’t work… This makes it essential for decision-makers to work together.
Tags: economy, immigration
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America, the world’s sweatshop
Friday, May 20th, 2011
May 19 2011
U.S. and a few Canadian manufacturers have long been relocating in the low-wage U.S. South. They’ve now been joined by European multinationals, most of which also operate in Canada. The Euros leave behind the social-justice practices of their homelands, as keen to squeeze blood from a stone as the most avaricious business operator… The irony here is that employee denigration does not work. German manufacturing pay averages 50 per cent higher than that of the U.S. Yet Germany enjoys a massive trade surplus. And America suffers a ruinous trade deficit..
Tags: economy, globalization, ideology, standard of living
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Left and right can unite to end corporate welfare
Wednesday, May 11th, 2011
May 10 2011
By corporate welfare, think of direct cash payments to business — not for goods or services, but simply because a government wishes to retain or attract a particular business or industry. Sometimes the money is a grant, or a “repayable” loan (often never repaid), but it’s the same strategy: Governments pick winners and losers in the marketplace… Problematically, as governments grant such subsidies, more government “clients” are created at the expense of a more efficient tax system with fewer subsidies and lower overall tax rates.
Tags: economy, globalization, ideology, tax
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The economy: How the parties differ
Saturday, April 23rd, 2011
Apr. 23, 2011
Health care and the economy are the two issues Canadians consistently say mean the most to them, but they’re not getting that much substantive air time in the campaign. With this primer, The Globe and Mail addresses that. In this special feature, economic-policy reporter Barrie McKenna applies a reality check to the three main parties’ fiscal platforms.
Tags: budget, economy, globalization, ideology, standard of living, tax
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Is prosperity possible without growth?
Wednesday, April 20th, 2011
April 19, 2011
The planet can’t handle perpetual economic growth and the economy can’t work without it. It’s a major conundrum, but one that must be resolved if we hope to sustain an ever-advancing civilization. Tim Jackson, economics commissioner at the U.K.’s Sustainable Development Commission, has studied this problem in depth. He can’t say a fully formed alternative economic model is readily available, but he does provide an outline for it in his book Prosperity Without Growth, Economics for a Finite Planet. A sustainable economy would include these measures…
Tags: economy, ideology, participation, standard of living
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Better economically to spend $6 billion on infrastructure than on corporate tax cuts, says new study
Tuesday, April 19th, 2011
April 19, 2011
“As a means of stimulating growth, employment and even private business spending, the historical evidence suggests the business tax cuts are both economically ineffective and distributionally regressive,” the [CCPA] report reads… The Conservatives’ proposed tax cuts will cost the federal treasury $6 billion a year… But, says Stanford, “We’d be much better off spending the $6 billion on public investment, which would ‘crowd in’ (via GDP effects) almost as much new private investment as would be stimulated by $6 billion in tax cuts.”
Tags: budget, economy, ideology, standard of living, tax
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A Communist Manifesto for Canada
Friday, April 15th, 2011
Apr. 14, 2011
… the Communist party is calling for a federal strategy for full employment. This must include action to stop and reverse the loss of manufacturing jobs; a massive program to build new social and non-profit housing; expansion of health care, education and social programs; a major investment in urban mass transit; and a shorter work week with no loss in pay. All of these measures would help increase employment levels and raise living standards.
Tags: economy, ideology, rights, standard of living, tax
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Minzbergism versus corporate tax cuts
Wednesday, April 13th, 2011
Apr 11, 2011
In a market economy, a tax on profits forces a corporation to make more pretax profits to increase net after-tax profits. To increase pretax profits will mean either higher prices or, more likely, reduced spending — on wages, machinery, equipment — to boost profits. When the government raises taxes, it takes away money for wages and investment. If it cuts taxes, it makes more available for wages and investments. Or it might free up money for dividends, which would then be taxable in the hands of shareholders.
Tags: economy, globalization, ideology, tax
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Profits – and people
Wednesday, April 13th, 2011
Apr. 11, 2011
Important as tax levels are, they remain a relatively minor component of the investment equation. But there is no doubt that a favourable tax environment constitutes a crucial advantage for Canadian business. Rather than attempt to reverse the move towards lower taxation, good policy recommends further reductions-and even the elimination of corporate income taxes entirely.
Tags: economy, globalization, ideology, standard of living, tax
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