Posts Tagged ‘economy’

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Developing a costing for a basic income is not a neutral exercise

Tuesday, July 27th, 2021

Creating income floors for everyone in Canada is necessary and desirable, but basic income and income floor are not synonymous… Expanding and improving social assistance, increases in targeted tax credits and benefits, strengthening Employment Insurance, stronger labour standards, and investments in public services would be less costly, more effective, and have fewer negative consequences than the suggested basic income.

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Posted in Social Security Policy Context | No Comments »


The future of work in Ontario is at a crossroads. Will we ensure decent employment for all?

Monday, July 26th, 2021

The government has indicated the temporary wage enhancement for personal support workers will be made permanent, which is great news. It should also be expanded to include front-line housing, shelter and child-care staff — all of whom are inadequately compensated for their essential labour. Prioritizing investment in the non-profit sector — a feminized workforce that employs more than 800,000 women across Ontario — would also be a sensible policy decision

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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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Posted in Governance Debates | No Comments »


Why Canada’s COVID recovery needs to include international students

Thursday, July 8th, 2021

While these temporary, one-time initiatives certainly provide interim relief for international students… we need to consider more sustainable measures… Our governments should also provide additional funding to colleges and universities to make it easier for international students to access better institutional support. Decades of government cuts to post-secondary funding has arguably made these institutions far too reliant on international tuition fees.

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Posted in Education Debates | No Comments »


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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The success of CERB is proof a universal basic income is doable and beneficial

Thursday, June 24th, 2021

A UBI is a government payment that tops up family income so that it modestly exceeds the poverty line, or low-income threshold. As households are able to generate more income on their own, UBI payments are scaled back and eventually discontinued.  A UBI holds promise as our most powerful tool in eradicating poverty and solving the crisis of income inequality. 

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A global minimum corporate tax is an important step toward fairness

Monday, June 7th, 2021

The whole idea of a minimum global tax is to prevent multinationals from tax-shopping, so it will be effective only to the extent that many countries agree to it. The next step is to get the bigger G20 group on board, and then there’s the Organization for Economic Development and Cooperation… the biggest companies that have flourished during the pandemic, should pay their share.

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Posted in Governance Policy Context | No Comments »


Do pandemic income supports encourage people to stay off work? Of course — and that could be a good thing

Friday, June 4th, 2021

… this could really shake up capitalism for the better. How? If workers choose to stay in bed, employers might (rationally) choose to entice them back with higher wages… Higher pay though would also narrow the equality gap… People just don’t like bed that much. In fact, they like work, especially if it involves some satisfaction.

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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. 

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