Archive for the ‘Equality’ Category
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 »
Liberals tax the rich, but not enough to be considered populist
Thursday, April 18th, 2024
… in recent decades, business interests have strong-armed governments into redesigning the marketplace to favour their own interests, through tax and regulatory changes, and the rewriting of labour laws to disempower workers. These “neo-liberal” changes haven’t brought us the productivity gains that were promised, but they have made us a much less equal society… We need to reverse the “neo-liberal” policies that are responsible for such extreme inequality.
Tags: budget, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
Canada is bad at studying wealth inequality and we explain why that matters
Thursday, April 4th, 2024
Canada’s top 1 per cent owns 26 per cent of all wealth in Canada, and our top .01 per cent owns 12.4 per cent of all wealth. This is somewhat lower than the U.S. numbers, but it is much higher than official Statistics Canada numbers report… But looking only at income paints an incomplete picture because it ignores intergenerational wealth that has been inherited… wealth — or its absence — can be more important to the lives of individuals, as well as to broader social cohesion.
Tags: economy, ideology, participation, tax
Posted in Equality Debates | 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
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How the public sector is fighting income inequality (and why it’s still not enough)
Wednesday, February 28th, 2024
The public sector’s impact on gender pay equity is very concentrated among middle- to middle-low income earners who were making around $20 an hour in 2023. At that income level, women in the public sector make roughly the same as men in both the public and private sectors, achieve pay equity. It’s a rare phenomenon… Also, the gender pay gap widens in both sectors at higher-income levels.
Tags: economy, standard of living
Posted in Equality Delivery System | No Comments »
Swelling CEO salaries highlight income inequality
Monday, January 22nd, 2024
The average worker received an average wage increase of three per cent in 2022 while prices rose by more than twice that amount… The financial disconnect between CEOs and the employees who work for them underscores broader issues of income inequality and affordability. We need quality research and robust debate on how to address income inequality and stagnating wages for those not privileged to work in the c-suites.
Tags: economy, ideology, standard of living
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Canadian CEO pay breaks all records, reflecting a new Gilded Age for Canada’s rich: report
Wednesday, January 17th, 2024
In 2022, the average worker in Canada got an average pay raise of $1,800, or three per cent. But, prices went up by 6.8 per cent in 2022… This report proposes that governments address the rampant income inequality between the rich and the rest of us through four taxation measures that both disincentivize extreme CEO compensation and redistribute CEOs’ extreme income to Canadians on the lower end of the income spectrum.
Tags: economy, standard of living, tax
Posted in Equality 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
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Alternative Federal Budget 2024 – Building Momentum: A budget for now and the future
Monday, August 28th, 2023
The AFB will tax extreme wealth by introducing a progressive wealth tax… restore the corporate income tax rate… to 20 per cent… [and] implement a windfall profits tax… Canadians really can have nice things – if we make our tax system more progressive and make smart investments in public services, income supports, and social and physical infrastructure.
Tags: child care, featured, Health, housing, ideology, participation, poverty, standard of living, tax
Posted in Equality Debates, Governance Debates | No Comments »
Black Canadians suffer racism in the justice system. Efforts are needed to address it.
Tuesday, June 27th, 2023
To be sure, the police aren’t alone in their disparate treatment of Black Canadians and other racial minorities. Police are, inevitably, singled out given their role on the front line of the justice system… racial bias is a systemic problem. And rectifying that will require not just apologies, but a concerted, thoroughgoing effort to eradicate the racism that threatens the very ideals animating and inspiring our system, and our society.
Tags: crime prevention, ideology, multiculturalism
Posted in Equality Debates | No Comments »
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