Posts Tagged ‘tax’
« Older Entries | Newer Entries »
‘Billionaire wealth has bounced back’: Canada’s 20 richest people saw their fortunes grow by $37 billion during COVID-19, study says
Thursday, September 17th, 2020
The proceeds of a wealth tax could “create ongoing revenue streams” to fund important social policy initiatives… “That includes areas such as health care, building a universal child-care system, addressing the housing crisis that exists in so many parts of the country, and addressing the next looming crisis on the horizon in climate change.”
Tags: economy, ideology, jurisdiction, standard of living, tax
Posted in Equality Policy Context | No Comments »
The Liberals seem to think they have abolished scarcity. Let’s hope they’re right
Saturday, September 5th, 2020
There was widespread public consent earlier this year to the proposal that the economy should be put into a coma, to prevent the spread of a deadly disease… Spending hundreds of billions of dollars in borrowed money to keep the lights on in the midst of a once-a-century pandemic made sense. Borrowing billions more to fulfill every Liberal dream, political or ideological, does not.
Tags: budget, economy, ideology, tax
Posted in Debates | No Comments »
Trudeau’s using our moment of crisis to reinvent our economy. That’s exciting
Saturday, August 29th, 2020
The Liberals are not proposing radical change. Every advance they will propose is an expansion or acceleration of existing Canadian priorities and practices… The timing is right. Interest rates are at a historic low. The government’s cost of borrowing to pay for pandemic relief, a permanently stronger social safety net, and seed capital for tech-oriented startups with export potential is therefore manageable.
Tags: budget, economy, featured, ideology, participation, tax
Posted in Debates | No Comments »
How Canadians learned the art of sharing
Monday, August 17th, 2020
The often-fractious Canadian federation is certainly not without defects – and the now-convoluted equalization program is flawed. But since Ottawa sent out the first equalization cheques in April, 1957, that willingness to share has encouraged social unity and mutual trust. We save ourselves when we save each other.
Tags: budget, economy, ideology, standard of living, tax
Posted in Governance History | No Comments »
It won’t be popular, but we should scrap the homeowner tax break
Friday, July 31st, 2020
Sell your principal residence for more than you paid for it, and in most cases you will pay no tax on the gain at all. Indeed, until 2016 you didn’t even have to report the transaction on your tax return. Neither is there any limit on the exemption – as there is, for example, in the United States. The bigger the gain, the bigger the tax benefit. You can guess which income groups benefit the most.
Tags: economy, housing, ideology, tax
Posted in Equality Policy Context | No Comments »
How Canada won its first debt war
Friday, July 24th, 2020
[Post WW2] … North American manufacturing was in its heyday, trade liberalization was boosting exports and productivity, and the baby boom fuelled consumption. Today, protectionism is on the rise, and the aging of the baby boomers poses significant long-term problems for labour productivity… Stepped-up enforcement against tax evasion, an annual wealth tax and higher corporate income tax rates are needed…
Tags: economy, tax
Posted in History | No Comments »
Tax us. Tax us. Tax us. Millionaires beg to be taxed more to help COVID relief
Monday, July 13th, 2020
Calling themselves the Millionaires for Humanity, more than 80 wealthy individuals… are petitioning for higher taxes on the rich to help pay for the billions in new government programs made necessary by the COVID-19 pandemic. “Today, we, the undersigned millionaires and billionaires, ask our governments to raise taxes on people like us. Immediately. Substantially. Permanently.” … Charity isn’t the answer.
Tags: economy, featured, Health, ideology, tax
Posted in Debates | No Comments »
Organizations call for wealth tax to bolster Canada’s recovery
Saturday, July 11th, 2020
Canadians for Tax Fairness estimates an annual net wealth tax at modest rates of 1% and 2% on fortunes of over $10 million could raise over $10 billion annually. That amount of money could fund 100,000 nurses or more than four-million affordable childcare spaces. A more ambitious wealth tax –complemented by other tax fairness measures such as closing unfair loopholes and cracking down on tax havens– could do even more.
Tags: budget, economy, ideology, standard of living, tax
Posted in Equality Debates | No Comments »
How Canadian businesses can ‘Own the Podium’
Saturday, June 6th, 2020
Make a green renovation wave for our homes and workplaces the cornerstone of the recovery package, with strings attached to ensure provinces and municipalities commit… Dedicate $5 billion in research and development and piloting over the next five years to fund technological breakthroughs in bitumen-based carbon fibres, green hydrogen, renewable jet fuels and batteries… Attract major investment from around the world by topping up the current federal Strategic Investment Fund’s $1.6 billion budget over five years to $40 billion.
Tags: economy, globalization, Health, ideology, Indigenous, jurisdiction, participation, standard of living, tax
Posted in Debates | No Comments »
Engineering a ‘green recovery’ is a terrible idea
Monday, June 1st, 2020
The Liberals… should resist the temptation to design a conventional economic stimulus package until it is absolutely clear that one is necessary. As for any planned green recovery, they should avoid costly policies that involve picking winners and rely instead on a rising carbon price to do its job.
Tags: budget, economy, ideology, standard of living, tax
Posted in Debates | No Comments »
Recent Comments