Archive for the ‘Equality Policy Context’ Category

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Taxing the rich is but one tool for economic transformation

Friday, January 24th, 2020

Stakeholder capitalism and slight tax increases on the wealthy are, in effect, a glossy sales pitch to maintain the status quo, with slight concessions made to avoid bigger, more fundamental changes… Changes beyond tinkering will require more democratic control of the economy. For one, that means reversing the trend of privatizing of public services… New and bigger workers’ co-operatives and credit unions can also contribute to democratizing our economy.

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How $15 billion in bonuses leaves bankers gloomy

Wednesday, December 18th, 2019

The country’s six largest banks are dishing out $15 billion in bonuses this year. But, in the eyes of some, this isn’t enough… It… reveals how misleading media reports can be, particularly about high finance, with insiders allowed to peddle their self-serving agendas unchallenged… Canada’s big six banks have gotten away with paying extremely low taxes — the lowest in the G7.

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Broadbent Institute Tax Index

Wednesday, December 11th, 2019

It’s time to take stock of who’s not paying their fair share. From tax dodging and loopholes, to historically declining tax rates for the most wealthy, Canada is missing out on over $40 billion in revenue every year. Here are the numbers:

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Do tax policies that contribute to competitiveness also create inequality?

Sunday, December 1st, 2019

Tax levels are rarely the first consideration for investors, unless the “investment” is a tax dodge… regulations matter, proximity to markets matter; and so do… a healthy and well-educated work force, well-maintained infrastructure, reliable energy, transportation and communications systems, and a robust justice system backed by widely trusted social institutions.

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Should billionaires continue to exist?

Friday, November 1st, 2019

A bold tax policy package is sorely needed to address this kind of wealth hoarding, which contributes to soaring inequality. Along with a host of other progressive measures, the wealth tax in particular sits in the enviable position of being at the nexus of both good policy and good politics.

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Blackface and an about-face: How Canada’s promise of reconciliation went wrong

Tuesday, October 8th, 2019

While the tribunal’s initial nine orders focused on trying to stop Canada’s discrimination, the September 2019 order was intended to compensate the children and families who were harmed by the discrimination and would not benefit from new reforms. It was a small measure of justice for lost childhoods.

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Canada’s top 1 per cent saw fastest income acceleration, overall decrease in taxes

Wednesday, September 25th, 2019

The incomes of Canada’s top one per cent grew at a faster pace than everyone else in 2017 — and, overall, they saw their taxes edge down, says a new study… In 2016, the Liberal government increased the tax rate on income in the highest bracket. But the Statistics Canada report says that, even with the boost, taxes declined for those with the highest incomes because of reductions at the provincial level…

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Tax Loopholes and Credits Cost Billions. Voters Need to Understand Them

Monday, September 16th, 2019

Budget documents list hundreds of “tax expenditures” or loopholes, potential revenue that the government has chosen to forego for one reason or another. In general, these are legal ways individuals and corporations can reduce the amount of tax they pay. Many are widely used and well-supported, but a significant number give an unfair advantage to people who already have more money.

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Removing sexism in Indian Act a work in progress

Sunday, September 1st, 2019

Sex discrimination in the Indian Act was a stain on Canada’s record; recent changes are long overdue. What comes next is hard work and some expense, but these are not processes to be feared, for they continue the ongoing effort to define and refine Confederation.

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Tax on super-rich a popular idea, except in the media

Thursday, August 29th, 2019

Given that 26 individuals now have as much wealth as the bottom half of humanity (3.8 billion people), one wonders at what point conservative commentators might consider this a problem… Let’s not forget that the super-rich typically made their fortunes by selling products built by employees we all paid to educate, and shipping those products on roads we all paid to build.

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