Posts Tagged ‘economy’
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Ford government’s budget shortfall soars to $9.8 billion as tax revenues plunge
Wednesday, March 27th, 2024
“… We are going to follow through on a plan that is working — knowing that the higher deficits, compared to what we projected last year, will be time-limited while the return on investment will be felt for decades.” … settlements with public servants after the government’s Bill 124 wage-cap legislation was found to be unconstitutional have added billions in additional costs to the treasury. Under Ford, the provincial debt has soared by $116 billion to $462.9 billion, the largest debt of any subnational jurisdiction in the world.
Tags: budget, economy, ideology, jurisdiction, standard of living, tax
Posted in Governance Debates | No Comments »
Is starving Ontario’s hospitals and schools really something to brag about?
Tuesday, March 26th, 2024
In the last five years, the Ministry of Finance has brought in close to 30 measures to reduce its own revenues. All told, those changes drained no less than $7.7 billion from the provincial treasury in 2023-24… The overarching goal is not to use public dollars efficiently, it’s to drive economic activity into the private sector so investors can turn a profit. This is why the current Ontario government has no qualms about privatizing surgeries and diagnostic procedures — even though private procedures can cost more than double what they cost in a public hospital.
Tags: budget, economy, featured, Health, ideology, privatization, tax
Posted in Governance Debates | No Comments »
Time to put the capita back in GDP per capita
Thursday, March 7th, 2024
The more societies set the stage to maximize their macroeconomic potential, the more they can make the impossible possible…the challenge isn’t about finding a better metric; it’s about putting the focus on the capita in GDP per capita. Because money doesn’t make an economy. People do. They — we! — are the true measure of an advanced economy.
Tags: economy, ideology, privatization, standard of living
Posted in Debates | No Comments »
Canada should support G20 plan to tax billionaires
Thursday, March 7th, 2024
In an unprecedented development, the G20 has announced it is exploring the idea of co-ordinating efforts to ensure the world’s billionaires pay annual taxes worth at least 2 per cent of their wealth… By co-operating, the world’s leading economies could curb the ability of the superrich to play countries off against each other, and incentivize nations to tax their own billionaires… It’s a plan Freeland should support, even enthusiastically champion.
Tags: budget, economy, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
What Brian Mulroney got wrong on free trade with the U.S.
Tuesday, March 5th, 2024
Mulroney, Reagan and Thatcher sang a siren song. Get governments out of the way! Let the market rule! Economic globalization, with its program of free trade, privatization and deregulation and everyone would benefit. Corporations surely did… And Canadian CEOs did too… the richest CEOs are paid 246 times more than the average worker.
Tags: economy, globalization, ideology, privatization, standard of living
Posted in History | No Comments »
Against incredible odds, Canada is getting universal pharmacare
Monday, March 4th, 2024
… this week, the tide seems to have finally turned in favour of the people — with the introduction of a pharmacare bill that defies decades of industry pushback… For years, these powerful industries marshalled enormous resources to derail progress on a national pharmacare plan, pressuring the government to reject the principle of universality, keep our current mixed public-private system in place, and limit drug coverage to the uninsured.
Tags: economy, Health, ideology, pharmaceutical, standard of living
Posted in Health Debates | No Comments »
Beyond the cafeteria: The economic case for investing in school meals
Monday, March 4th, 2024
In the long-term, universal free school lunches can also improve children’s health, academic performance and subsequent economic outcomes throughout life… Our new research summarizes the strong economic rationale for investing in school meal programs in Canada. Universal school meals can not only provide immediate relief to families, but also build a legacy of improved public health and economic prosperity for generations to come.
Tags: economy, jurisdiction, participation, standard of living, women, youth
Posted in Education Delivery System | No Comments »
How the public sector is fighting income inequality (and why it’s still not enough)
Wednesday, February 28th, 2024
The public sector’s impact on gender pay equity is very concentrated among middle- to middle-low income earners who were making around $20 an hour in 2023. At that income level, women in the public sector make roughly the same as men in both the public and private sectors, achieve pay equity. It’s a rare phenomenon… Also, the gender pay gap widens in both sectors at higher-income levels.
Tags: economy, standard of living
Posted in Equality Delivery System | No Comments »
Canadians could have a balanced budget and better tax system: C.D. Howe Institute Shadow Budget
Tuesday, February 27th, 2024
Beyond reducing the debt burden to a level that is prudent and more fair to younger Canadians, the authors advocate tax changes to reward work and investment… The Shadow Budget proposes restoring the GST to 7 percent over time, lowering the rate for the middle personal income tax bracket to 15 percent in 2027, and lowering the general corporate income tax rate by one percentage point in 2025 and another in 2026.
Tags: budget, economy, ideology
Posted in Governance Debates | No Comments »
Child poverty is on the rise in Canada, putting over 1 million kids at risk of life-long negative effects
Friday, February 23rd, 2024
In addition to being a human rights issue, addressing child poverty makes economic sense. This is why addressing child poverty needs to remain a priority for all Canadians. Governments, employers and communities… can do this by: Adopting a national living wage policy…; Reducing food insecurity… through nationally available school food programs; Increasing school readiness by providing universal access to quality early childhood development programs across Canada.
Tags: economy, poverty, rights, standard of living, youth
Posted in Social Security Debates | 4 Comments »
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