Posts Tagged ‘economy’

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If you don’t have $20 million, relax. A wealth tax won’t touch you

Tuesday, April 13th, 2021

Canada’s wealthiest 87 families had wealth of $259 billion in 2016; our top 44 billionaires increased their wealth by more than $50 billion during the pandemic… 79 per cent of Canadians favour a wealth tax… In fact, a wealth tax would be the simplest, fairest and most effective way to collect billions of extra dollars of revenue a year, and to limit the power and political influence of the billionaire class… Here are some of the facile arguments being trotted out against a wealth tax.

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Throwing money at Big Pharma won’t guarantee vaccine supply

Thursday, April 8th, 2021

Now we’re poised to give Sanofi hundreds of millions of taxpayer dollars in the hope of ensuring a future vaccine supply… If we really want a biotech company we can rely on and that doesn’t hold a gun to our head, we should spend our money creating an enterprise that we actually own and control – a little secret learned by Cuba and, decades earlier, by the brilliant Canadians who created Connaught.

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Childcare Reform Key to Post-Covid Economic Recovery

Sunday, April 4th, 2021

Among a suite of reforms at the federal and provincial levels, the authors recommend: The existing Child Care Expense Deduction (CCED), a regressive tax deduction that reinforces patriarchal gender roles for parents, be replaced with a more generous, progressive and more frequently paid refundable tax credit… Provinces… increase childcare spaces… a single, dedicated and permanent [federal] transfer to provinces.

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Measured progress: A new National Scorecard provides the framework for smart and inclusive long-term growth for Canada

Tuesday, March 30th, 2021

Century Initiative’s inaugural 2021 National Scorecard identified the following key issues as focus areas… productivity… spending on research and development… household debt… public spending on training… availability of childcare… child & youth well-being… public spending related to children & families… quality of broadband internet… environmental sustainability… By measuring our progress, we can manage it

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Childcare Reform Key to Post-Covid Economic Recovery

Tuesday, March 30th, 2021

“We need immediate attention and incremental but aggressive reforms to get this right, for women, for families and for Canada as we emerge from the pandemic.” … the authors recommend… a more generous, progressive and more frequently paid refundable tax credit… increasing operating and/or capital grants for licensed providers… new federal dollars for childcare be consolidated into a single, dedicated and permanent transfer to provinces.

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Taxing extreme wealth to offset the costs of the pandemic would be unquestionably fair

Monday, March 29th, 2021

… we should look to new tax measures on extreme wealth transfers, including inheritance taxes, and to changes in the tax treatment of investment income to ensure more equitable treatment in relation to employment income. But for now, as we look to Budget 2021, we should ask those with extreme wealth to pay for our national recovery.

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The Ford government’s second pandemic budget is another missed opportunity

Thursday, March 25th, 2021

The budget unveils plans to “establish a task force to advise the government on how to address the unique and disproportionate economic barriers women face.” It’s ridiculous — the government already knows what to do. It should be making meaningful changes for women and other vulnerable workers now, not delaying action with a task force that will repeat what has been said before.

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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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Ontario must spend more to drive prosperity and growth

Tuesday, March 23rd, 2021

Growth has to be inclusive, meaning recognizing that women, new Canadians and others will get the support they need to participate fully in the economy… The Ford government would be wise to demonstrate full support for a universal child care model that marries social and economic goals, and further increases women’s participation in the labour force. Distance education and telemedicine will also be vital…

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