Posts Tagged ‘tax’
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The Problems with Economic Efficiency
Tuesday, November 24th, 2020
Roger Martin is a leading global thinker in business management, and his new book, “When More is Not Better: Overcoming America’s Obsession with Economic Efficiency,” offers an idea of why that is… Beyond the obvious problems with economic inequality for people trying to make ends meet, such gaps can also seed serious political problems. And as some recent polling indicates, this can undermine confidence in both democracy and capitalism.
Tags: economy, featured, globalization, ideology, participation, poverty, standard of living, tax
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Canada’s K-shaped recovery is deepening the lines between rich and poor. Here’s how we can shift our economy toward a fair outcome for all
Sunday, November 15th, 2020
… current economic data shows that the pre-pandemic well-off are benefiting while the pre-pandemic marginalized are suffering considerably… COVID-19 and its congruent economic crisis is an opportunity to implement key changes that will set Canada’s economic trajectory on the right path. Specifically, three things must be done: a universal basic income with automatic stabilizers; high-quality, affordable child care; and a well-designed wealth tax.
Tags: child care, economy, featured, ideology, participation, standard of living, tax, women
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Without a path to fiscal recovery, we’re lost
Tuesday, November 3rd, 2020
Ms. Freeland seems to believe that setting fiscal targets is somehow contradictory to committing to the pandemic-fighting task at hand. As if the second you identify where you want to take your fiscal balance down the road, you are implicitly starting to withdraw necessary stimulus… Maybe it’s the image of an “anchor”… Fine. Let’s call it something else. Let’s create a fiscal compass.
Tags: budget, economy, ideology, tax
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Federal NDP chooses wealth taxes as the wedge issue party needs right now
Wednesday, October 14th, 2020
The biggest knocks against wealth taxes is that they encourage the flight of capital and tax avoidance, and they shrink incentives for investment. The Parliamentary Budget Officer costed the 1-per-cent tax proposal and estimated it would raise $5.6-billion in the current fiscal year, but also that each family’s net worth would shrink by 35 per cent in a vast expansion of avoidance behaviour.
Tags: budget, economy, ideology, tax
Posted in Governance Debates | No Comments »
An ambitious plan for an alternate reality
Friday, September 25th, 2020
This is the prospect that has so entranced the Prime Minister’s Office: bundling all the policies they’d ever dreamed of together and passing them all in a rush – in the name of “the pandemic” – and doing it all with borrowed funds. The government that failed at so basic a state responsibility as safeguarding public health is eager to take on new challenges.
Tags: budget, economy, Health, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
Ottawa faces a fiscal reckoning. It must review all programs and costs
Friday, September 25th, 2020
The task ahead is on a different scale than any government has faced since the Second World War. It demands not just new programs, but a new way of thinking. This government needs to roll up its sleeves and thoroughly re-examine not only its spending priorities, but its revenue sources, its antiquated tax code, its industrial strategy… Without it, this remains just an unsustainably expensive wish list.
Tags: budget, economy, ideology, tax
Posted in Governance Policy Context | No Comments »
Should we spend more on health? Only if we get better care
Tuesday, September 22nd, 2020
… what the premiers are proposing is that the feds absorb some of their current spending. They want Ottawa to transfer money rather than use their own powers of taxation to increase revenues… This pandemic, more than anything, has exposed the shortcomings in health and welfare systems, particularly in caring for elders and other marginalized groups. That’s what we need to fix. The last thing we need is buck-passing.
Tags: budget, child care, Health, jurisdiction, pharmaceutical, tax
Posted in Health Debates | No Comments »
Billionaires get richer while millions struggle. There’s a lot wrong with this picture
Tuesday, September 22nd, 2020
growing inequality — and public concern about it — is being exacerbated by the pandemic. That makes this a particularly good time to revisit the many policy tools Ottawa has to do something about it. Tax reform tops the list. Canada can do more to prevent and pursue companies that hide billions from the taxman in offshore tax havens and close the many loopholes that let the very wealthy lower their tax bill.
Tags: economy, featured, ideology, standard of living, tax
Posted in Equality Policy Context | No Comments »
Freeland prepares to take us down a self-defeating path
Sunday, September 20th, 2020
The problem with putting government-influenced distribution of wealth ahead of wealth creation as a public policy goal is that it tends to create a national economy that is a zero-sum game — i.e., stagnant — and pursues a socioeconomic goal in which wealth is taken from those who have earned it and given to those who have not, in the name of social justice and in implicit exchange for their votes. This ultimately leads to massive discontent, corruption and a failed economy.
Tags: budget, economy, ideology, standard of living, tax
Posted in Equality Debates | 1 Comment »
Liberals are considering a universal basic income, but economists have tough questions for its proponents
Thursday, September 17th, 2020
“What we’re really talking about is not ensuring everyone receives a cheque but ensuring there’s a minimum floor below which no Canadian ought to fall. So it really is a conversation about rethinking and reinventing our social safety net”… But the program won’t be popular with everyone… Problem 1: The Cost… Problem 2: The Incentives… Problem 3: The Cuts…
Tags: budget, featured, ideology, jurisdiction, participation, poverty, standard of living, tax
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