Posts Tagged ‘budget’
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Four decades of tax cuts, deregulation and privatization equals a serious distribution of wealth problem
Saturday, July 6th, 2024
After slashing government funding to public services starving them into crisis just to pay for tax cuts to the wealthy and their corporations, they then present privatization as the solution to a problem they created. The only thing deregulation and privatization does is create more profit-making opportunities…
Small tax cuts to the general population have been used as a cover for massive tax cuts to the wealthy and their corporations. Reversing tax cuts is not raising taxes, it is restoring revenue to rebuild our once civil society.
Tags: budget, ideology, privatization, standard of living, tax
Posted in Governance Debates | No Comments »
The rich say boosting the capital gains tax will hurt productivity, but it’s just not true. Time to do a little myth-busting
Monday, June 17th, 2024
Most academic economists support a higher inclusion rate, partly because it levels the playing field between different types of capital income. But the best motivation is $20 billion in revenue it will raise over five years, to support modest new programs announced in this budget. This will help fund school lunches, affordable housing initiatives, dental care and disability benefits — while still respecting Freeland’s fiscal “guardrails.”
Tags: budget, economy, featured, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
Pierre Poilievre’s vision for Canada: Heaven for the very rich and squat for everyone else
Friday, June 14th, 2024
… the real redistribution in recent years hasn’t been the small bit directed toward benefits for ordinary Canadians but rather the gush of money toward the wealthiest Canadians. In 2021, the richest .01 per cent saw their incomes grow on average by a stunning 30 per cent to $12.5 million a year, while the incomes of 14 million working Canadians actually declined, according to Statistics Canada.
Tags: budget, standard of living, tax
Posted in Equality Debates | No Comments »
Years of corporate handouts achieved nothing. It’s time for something different
Thursday, June 13th, 2024
… corporate subsidies – either through tax incentives or direct funding and loans – now equal about $50-billion per year. That is slightly over one-half of the total amount of corporate taxes collected by the federal government and almost as much as they spend on health care. only 20 per cent of these business subsidies aimed at increasing productivity actually boost real income for Canadians. The other 80 per cent are not only ineffective but have to be paid for by either more taxes or by decreasing spending on other priorities.
Tags: budget, economy, ideology
Posted in Policy Context | No Comments »
Inside the Campaign to Kill a Step Toward Tax Fairness
Monday, June 10th, 2024
… interest groups don’t have to offer an alternative and can just snipe at proposals that they dislike. The capital gains change is expected to bring in more than $19 billion over the next five years. Anti-tax groups don’t need to explain where that money should come from, or what services should be cut if the tax is axed… But the process is a warning about the powerful forces that will battle any move to increase tax fairness, if it means the rich will pay more.
Tags: budget, ideology, tax
Posted in Equality Debates | No Comments »
Nigmendra Narain speaks truth about Ontario’s manufactured university crisis
Thursday, May 30th, 2024
ON funding $6000 below national average… this scarcity of university funding… has been completely manufactured by a provincial government bent on ‘saving tax-payer dollars’ by downloading costs onto individuals while encouraging public-private partnerships… Ontario’s ratio is currently 34 students : 1 professor. Contrast that with the rest of Canada averaging 23 students : 1 faculty.
Tags: budget, ideology, standard of living, youth
Posted in Education Debates | No Comments »
Doug Ford has bungled affordable housing and now Ottawa is rubbing his nose in it
Tuesday, May 14th, 2024
The federal government now says it will send funding directly to municipalities, cutting Ontario out of the equation entirely… Why can the two levels of government come together to build subsidized factories, but not subsidized housing? … Ultimately, the friction over funding may have less to do with personalities than priorities. In Ford’s Ontario, unaffordable factories count for more than affordable housing.
Tags: budget, economy, housing, jurisdiction
Posted in Governance Debates | No Comments »
Mark Carney had a chance to weigh in one of the defining issues facing Canada. The answer he gave suggests he isn’t ready for public life
Tuesday, May 14th, 2024
Around the world, almost no serious person continues to believe that cutting taxes on the wealthy will unlock growth for working and middle-income people. Most advanced industrial democracies are dealing with inequality and challenges to economic growth by rejecting market fundamentalism and investing in things like public transit, child care, affordable housing and ensuring that low- and middle-income people have money to spend in the local economy.
Tags: budget, economy, ideology
Posted in Debates | No Comments »
Ontario has lost 5,000 classroom educators since 2018
Wednesday, May 8th, 2024
In 2024-2025, Ontario will have 4,990 fewer classroom educators than it would have had if the funding formula hadn’t changed since 2018-19. Under the new formula, kindergarten will have to make do with 1,600 fewer staff. Grades 4 to 8 will have almost 1,000 fewer staff. Grades 9 to 12 will lose almost 2,600 positions… Depriving Ontario’s children of educators is the worst thing this government can do for the future of this province.
Tags: budget, child care, ideology, standard of living, youth
Posted in Education Delivery System | No Comments »
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 »
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