Archive for the ‘Policy Context’ Category
Countries reach agreement on corporate tax
Saturday, October 9th, 2021
More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15 per cent minimum corporate rate designed to deter multinationals from stashing profits in low-tax countries… The OECD said that the minimum tax would reap some $150 billion (U.S.) for governments… it would end a “race to the bottom” in which countries outbid each other with lower tax rates.
Tags: economy, globalization, ideology, tax
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Ontario’s 10-cent hike in the minimum wage is bad for workers, bad for businesses and bad for the economy
Wednesday, October 6th, 2021
Some minimum wage workers work full-time and full year, but most work part-time. At 20 hours a week, a typical minimum wage worker would be earning $29 more a week if the minimum wage was 60 per cent of the average wage. Instead, on Friday, the government of Ontario legislated $2 more a week for them. That’s bad for workers, bad for businesses and bad for the economy… it isn’t business that creates jobs. It’s customers.
Tags: economy, ideology, jurisdiction, participation, standard of living
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EI Revisions Should Include More Flexibility in Its Work Incentives
Saturday, August 7th, 2021
Policymakers should revise WWC rules and set an earnings limit under which claimants won’t have EI benefits clawed back, and a modest clawback rate on earnings above that threshold – much like the CRB. Our review of Canadian and international evidence found that under these proposed rules more people, especially those displaced from lower paid jobs and who already have weaker labour force attachment, would be encouraged to work while collecting EI and to work more hours.
Tags: economy, ideology, participation, standard of living
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Governments paid billions to help develop COVID-19 vaccines — so why is Big Pharma charging us billions more for the vaccines we helped create?
Thursday, June 3rd, 2021
If we think of war profiteers as being lower than a snake’s belly, what are we to make of the drug industry’s pandemic profiteers? … Canada, like other government funders in this global crisis, is not expecting to recover its costs in funding COVID-related medicine… governments that fund research that is used in lucrative commercial drug production must demand a return on their investment.
Tags: budget, economy, featured, globalization, Health, pharmaceutical, privatization
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The Care Economy Statement
Tuesday, May 25th, 2021
This statement… is a call to recognize that good care is crucial to our health and well-being as individuals and as a society; it is the critical social infrastructure that delivers overall economic stability and growth; and it is a shared responsibility, not just a personal one. This requires a shift from thinking of care as an expenditure to understanding it as an economic driver through investment in people and good jobs.
Tags: child care, economy, featured, Health, ideology, standard of living
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How to create a paid sick leave plan for Ontario
Thursday, April 22nd, 2021
The goal of any sick leave program is, above all, to allow people who have COVID-19, have been exposed to it, or think they may have it, to stay home and not spread the disease to their co-workers. Nothing else matters… any program must be just as simple and straightforward as the existing sick leave plans 40% of us enjoy… paid sick leave legislation need not be complicated: it has existed before in Ontario, and very recently
Tags: budget, economy, featured, Health, standard of living
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If you don’t have $20 million, relax. A wealth tax won’t touch you
Tuesday, April 13th, 2021
Canada’s wealthiest 87 families had wealth of $259 billion in 2016; our top 44 billionaires increased their wealth by more than $50 billion during the pandemic… 79 per cent of Canadians favour a wealth tax… In fact, a wealth tax would be the simplest, fairest and most effective way to collect billions of extra dollars of revenue a year, and to limit the power and political influence of the billionaire class… Here are some of the facile arguments being trotted out against a wealth tax.
Tags: budget, economy, ideology, participation, standard of living, tax
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Will Canada’s Federal Budget meet the COVID-19 Challenge?
Friday, March 12th, 2021
Responding to an unprecedented crisis, the federal government mobilized billions in new support programs within weeks – an important “possibility proof” that rapid social policy change can happen. The fact that the sky did not fall when governments increased their deficits by billions of dollars also clearly demonstrated that the barriers to a better social safety net are political, not economic. The pandemic is the formative experience that will shape the lifetime political perspective of a generation.
Tags: budget, economy, featured, globalization, ideology, participation, standard of living
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From Keynesian Consensus to Neo-Liberalism to the Green New Deal: 75 years of income inequality in Canada
Friday, March 12th, 2021
… slowing growth and the concentration of income gains at the top produced widening income gaps, increasing discontent and political instability—even before COVID-19 hit. In the post-COVID-19 era, the Green New Deal emphasizes social and environmental sustainability, and is reflective of the economic policy changes that likely lie ahead.
Tags: budget, child care, economy, featured, globalization, Health, ideology, participation, standard of living
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Legislating paid sick days is the right thing to do
Thursday, February 4th, 2021
… one of Premier Doug Ford’s first acts of government was a sweeping repeal of labour law amendments that took away equal pay for equal work, paid sick days, and the $15 minimum wage… The legislation that Ford scrapped was the result of a multi-year, province-wide review of working conditions that included workers, unions, employers, researchers and more… What are we waiting for? Provinces must step up now, fill this gap, legislate paid sick days, and make them permanent.
Tags: Health, ideology, jurisdiction, participation, rights, standard of living
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