Posts Tagged ‘economy’
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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:
Tags: economy, ideology, standard of living, tax
Posted in Debates | No Comments »
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.
Tags: economy, featured, ideology, jurisdiction, participation, poverty, standard of living
Posted in Debates | No Comments »
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.
Tags: budget, economy, globalization, ideology, jurisdiction, tax
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.
Tags: budget, economy, ideology, jurisdiction, participation, standard of living
Posted in Debates | No Comments »
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.
Tags: budget, economy, featured, globalization, Health, pharmaceutical, privatization
Posted in Policy Context | No Comments »
The Care Economy Statement
Tuesday, May 25th, 2021
This statement… is a call to recognize that good care is crucial to our health and well-being as individuals and as a society; it is the critical social infrastructure that delivers overall economic stability and growth; and it is a shared responsibility, not just a personal one. This requires a shift from thinking of care as an expenditure to understanding it as an economic driver through investment in people and good jobs.
Tags: child care, economy, featured, Health, ideology, standard of living
Posted in Policy Context | No Comments »
Beware Economists Bearing Policy Paradigms
Tuesday, May 25th, 2021
The ideas dominant since the 1980s – variously called the Washington Consensus, market fundamentalism, or neoliberalism – originally gained traction because of the perceived failures of Keynesianism and excessive government regulation. But they took on a life of their own and produced highly financialized, unequal, and unstable economies that were unequipped to cope with today’s most significant challenges: climate change, social inclusion, and disruptive new technologies.
Tags: economy, featured, ideology, poverty, privatization, standard of living, tax
Posted in History | No Comments »
Child care is an integral part of our post-pandemic recovery. Let’s go big and act now
Monday, May 24th, 2021
Provinces will need to meet two tests of credibility in response to the federal offer. The first is one of commitment… because previous efforts haven’t built an accessible system, new commitments need to be significant… The other test is one of detail, of viability. Does the plan actually build up a high-quality, accessible child-care system in the province, led by well-trained and well-paid workers?
Tags: child care, economy, featured, ideology, jurisdiction, participation, standard of living
Posted in Child & Family Delivery System | No Comments »
National child-care system must support child-care workers
Thursday, May 20th, 2021
ECEs are the heart of the child-care system; without them, there is no system. Women’s economic empowerment can only be realized through policy that aligns the interests of working parents with those of child-care workers. The well-being of children, the quality of the care they receive, and the ability of parents to work all depend on the essential child-care workforce.
Tags: child care, economy, featured, ideology, participation, standard of living, women
Posted in Child & Family Delivery System | 1 Comment »
Closing Ottawa’s Tax Gap Not A Silver Bullet Post-Covid
Tuesday, May 18th, 2021
With the federal government projecting swelling budget deficits in the Fall Economic Statement and then the 2021 Budget due to pandemic relief measures, the debate is shifting to the revenue raising measures needed to pay for them. However, “closing the tax gap should not be considered a silver bullet to deal with burgeoning federal debt” notes Richard Bird, an eminent tax scholar.
Tags: budget, economy, tax
Posted in Delivery System | No Comments »
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