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Tax the Rich: Forging a future for the many, not the few

Thursday, July 22nd, 2021

The evidence for a wealth tax keeps increasing. As per PBO’s latest numbers, a one-time 3% tax on Canadians with net wealth over $10 million, and 5% tax on net wealth over $20 million could raise upto $82.5 billion over five years… By instituting wealth tax, a pandemic profits tax, and closing tax loopholes, Canada stands to gain over $50 billion dollars in revenue every year for #ClimateAction, expanding healthcare, bolstering social security systems, providing clean drinking water in Indigenous communities and improving infrastructure.

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Good Theory, Good Practice: Seven Principles for a New Political Economy

Wednesday, July 7th, 2021

Mission Economy… speak[s] about how we can restructure the economy to tackle the biggest challenges of our world… There are… seven key pillars to a better political economy that can guide a mission­-oriented approach… one that encourages a mission­-oriented approach and builds an economy driven by public purpose and citizen engagement. 

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Common wealth tax myths busted

Monday, July 5th, 2021

Canada’s 47 billionaires increased their wealth by $78 billion during the pandemic, and they now control $270 billion in total. A 1% tax on wealth over $20 million could raise $10 billion in revenue in the first year. As Canada digs itself out of the economic repercussions of the pandemic the time is now to enrich the soil so we can grow back an economy that shares its fruits more equitably with all Canadians. Here are five commonly held myths that continue to muddy the conversation about tax reform:

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Budget 2021 Misses the Opportunity to #TaxtheRich

Thursday, May 6th, 2021

By implementing tax reforms like creating a wealth tax, implementing an excess pandemic profits tax, and closing tax loopholes, Canada can raise the revenue it needs to fund its post-pandemic recovery. We don’t have to choose between childcare and pharmacare; or making substantial investment in eldercare to implement new national standards the government has committed to establishing for Long-term care… by missing the opportunity to tax the rich, the government quite literally failed to cash in on what the people want.

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Tax Index 2021: Line by line break-up of who’s paying and dodging taxes

Wednesday, March 24th, 2021

Canada’s top 20 billionaires made $37 billion during the pandemic, while thousands lost jobs and took pay cuts… Canada’s income gap is at its widest since the 1980s and upward income mobility has significantly reduced for most of us… A 1% tax on wealth over $20 million would raise $10 billion in the first year alone.

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Broadbent Principles for Canadian Social Democracy

Tuesday, March 23rd, 2021

All people have equal worth and equal rights – and all benefit from living in an increasingly equal society. To achieve this in a country with a market-based economy requires an ongoing process of decommodification, a process that sees important social and economic benefits taken out of the market and transformed into universal rights, such as in health services, education, social welfare and housing.

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Provincial Leadership on a National Pharmacare Program

Thursday, February 4th, 2021

In the September 23, 2020 Speech from the Throne, the federal government again committed to a universal national Pharmacare program and to “accelerate steps to achieve this system.” … In the midst of COVID-19, we cannot delay access to essential medicines any further… At this critical moment, Canadians need British Columbia to lead. Your government can play a key role in the creation of this new social program for all Canadians.

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Solidarity after the Pandemic: Basic Income or Basic Services?

Monday, July 27th, 2020

A move towards meaningful universal basic services is no small task. Canadians are ready. Only 12 per cent of us think we will return to our pre-pandemic way of life. As Nik Nanos has put it, the old status quo of consumerism and individualism is dead… Instead of going “back to normal”, leaders can enable greater health and resilience for all by investing in national basic services to strengthen our social infrastructure.

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Organizations call for wealth tax to bolster Canada’s recovery

Saturday, July 11th, 2020

Canadians for Tax Fairness estimates an annual net wealth tax at modest rates of 1% and 2% on fortunes of over $10 million could raise over  $10 billion annually.  That amount of money could fund 100,000 nurses or more than four-million affordable childcare spaces. A more ambitious wealth tax –complemented by other tax fairness measures such as closing unfair loopholes and cracking down on tax havens– could do even more.

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What Kind of Economic Recovery do Canadians Want?

Friday, May 22nd, 2020

Canadians, by a 2 to 1 margin, want governments to spend whatever is required to rebuild and stimulate the economy, even if it means running large deficits for the foreseeable future… Building Canada’s ability to produce key products like food and medical supplies domestically… Investing in strengthening the health system, including universal public pharmacare… Not letting richer Canadians off the hook for contributing their fair share… Helping people who need it the most…

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