Posts Tagged ‘privatization’

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National pharmacare is possible – but it won’t come easy

Tuesday, March 6th, 2018

While a single, national plan would theoretically save money on drug purchases, it would also mean a large-scale shifting of costs from the private sector to the public sector – a net $7.3-billion annually… The single biggest impediment to pharmacare is the unwillingness of federal, provincial and territorial governments to absorb those costs and then increase taxes to pay the bill – even if the consumer comes out paying less in the long run.

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Bill Morneau is wrong to rule out universal pharmacare

Friday, March 2nd, 2018

There will be no pharmacare “plan,” he said on Wednesday, but instead a pharmacare “strategy” that “deals with the gaps,” is “fiscally responsible” and “doesn’t throw out the system that we currently have.” True to his government’s preference for targeted over universal programs, the finance minister seemed to be saying that supplements to the current dysfunctional mess will have to suffice.

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Disruption we can get behind

Wednesday, January 3rd, 2018

The main innovation of most self-declared disruptors is that they’ve found a way to take an even bigger share of the wealth from the workers who produce it than was possible before we all carried around the internet in our pockets. It’s not the disruptors who are the biggest problem, it’s the inequality—in incomes, in power and in access to scarce resources—which is worsening in Canada, to the benefit of a small number of established and disruptive elites alike.

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Canadian tax hypocrisy that favours the rich must end: Broadbent

Monday, November 13th, 2017

Tax avoidance and evasion by the rich ultimately undermines democracy: it starves social programs and public services, increases after tax income and wealth inequality, and further concentrates economic resources in the hands of a few… Ordinary Canadians have a right to be angry that the very rich are being pampered by our political elites. The response should be broad-based, progressive tax reform to make the system much fairer and more transparent.

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Offshore tax havens are harmful to all Canadians

Saturday, November 11th, 2017

… our federal leaders are so beholden to Canada’s richest men — their chief fundraisers — that substantive crackdowns on these schemes are being prorogued. These tax evasions are a spit in the eye to the Liberals’ fabled “middle class,” let alone to the 12 million Canadians who collectively own less than our richest 100 families… It seems that democracy is on sale. The rich families finance politicians to fight elections and, as a quid pro quo, politicians protect their wealth through favourable legislation.

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How will governments solve the tax haven riddle?

Saturday, November 11th, 2017

The entry price for these offshore structures means that they’re beyond the reach of everyone except those whom the industry refers to as UHNWIs — ultra high net worth individuals. In fact, the majority of wealth in tax havens belongs to those worth more than $50 million. These legal offshore tax shelters reserved for the elite create a two-tiered tax system — where the wealthy stockpile their cash tax free and everyone else pays to make up for it.

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Bernie Sanders lauds Canadian health-care system in Toronto speech

Monday, October 30th, 2017

“if you want to expand and protect health care or education, there are people out there in every country in the world who think it is more important to give tax breaks to the richest people … what we need to do is take those oligarchs on.” … What went mostly unsaid during Mr. Sanders’s speech is that while Canada’s health-care system can look great compared with that of the United States, it can still fare poorly next to comparable countries.

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Should doctors be paid a salary?

Monday, September 18th, 2017

Private, fee-for-service practice does not reflect the needs of a modern health-care system, which requires team-based care that focuses on patient outcomes, not piecemeal work. It also does not make financial sense to physicians anymore, who have no access to benefits, such as vacation, parental leave or pensions, and due to both price regulation and prohibition of private care, can neither adjust prices nor find alternative sources of revenue to cover increasing practice costs… it’s a failing business model.

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New Health Minister Petitpas Taylor defends tax changes under fire from doctors

Thursday, September 14th, 2017

… she was the parliamentary secretary to Finance Minister Bill Morneau before she was given a ministry of her own, and has spent much time working on the tax file… now, her most pressing job may be to calm the doctors. When the proposed tax changes are fully explained, they are understood, she said. But “if there are unique situations that [doctors and others] are faced with, we want to make sure that we hear from them and that we get this right.”

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Fair Tax System Down the Drain if Loopholes Aren’t Closed

Monday, September 11th, 2017

The tax benefits are significant, and the higher your income the more you benefit. First, there’s income sprinkling. The finance department presentation on the loopholes uses the example of two neighbours, both high-income earners collecting $220,000 a year. One, an employee, would pay $79,000 in income taxes. But the other, who had set up a personal corporation, could split the income with adult family members… The result would be a $44,000 tax bill

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