Posts Tagged ‘tax’
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Ontario’s budget based on math, not ideology
Wednesday, May 8th, 2019
People in this province understand that Ontario must either right its fiscal ship or risk becoming a fiscal failed state. The interest on debt accumulated by the previous Liberal government is the single largest cut to frontline services in Ontario’s history.This is what responsibility, fiscal balance, and protecting what matters most looks like… This is what Premier Ford and our Progressive Conservative team were elected to do.
Tags: budget, economy, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
Justin Trudeau’s carbon tax is revenue neutral… for now
Wednesday, April 24th, 2019
… higher-income Canadians will only be refunded a fraction of the carbon taxes they’ll pay, while low-income Canadians, in general, will get back more than the tax costs them… It punishes people who use more energy, usually those with higher incomes, who tend to have bigger houses and more luxurious cars, or boats, or cottages, and it rewards people who use less… In general, conservatives aren’t keen on wealth redistribution. Liberals are.
Tags: economy, ideology, jurisdiction, tax
Posted in Governance Policy Context | No Comments »
The push is on to reinvent American capitalism
Tuesday, April 23rd, 2019
In today’s America, just 16,000 families account for US$6-trillion in assets. That is equal to the total wealth of two-thirds of all U.S. families. While so many go wanting, thousands have so much wealth they couldn’t spend it all if they lived to be 800. It’s irrational, and one of the many reasons rethinking capitalism is overdue… Mr. Trump triumphantly points to continued good growth and near record-low unemployment numbers… But … Republicans are vulnerable on the inequality issue. Their tax cut was a giveaway to the wealthy and to Corporate America.
Tags: economy, ideology, participation, standard of living, tax
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Isn’t it time the wealthy paid fair taxes?
Monday, April 22nd, 2019
Canada’s richest 87 families are today richer than the bottom third of Canadian families — 12 million Canadians. Surely, if we set a reasonable exemption level — perhaps $1 million for a house, family business or other investments — it would be fair to tax the remaining capital gains at inheritance. Most G7 countries do… Ideally, one would want to both reduce the capital gains exemption (at least to 25 per cent) and introduce an inheritance tax. The two are complementary.
Tags: economy, featured, ideology, standard of living, tax
Posted in Governance Debates | No Comments »
There’s nothing moderate about this Ontario budget
Saturday, April 20th, 2019
… the cuts are large. But so, too, are the tax cuts that rob the province of billions… the government took billions of dollars from the budget. That lost revenue, plus new corporate tax breaks, will drain an average of $3.6 billion a year from provincial coffers over the next three years. That money could have stayed in vital programs; it could have reduced the deficit. It did neither… But as a public relations exercise designed to conceal bad news, the budget did its job.
Tags: budget, child care, economy, featured, ideology, participation, rights, standard of living, tax
Posted in Equality Debates | No Comments »
NDP revives Tory bill curbing taxpayer-funded partisan ads in bid to embarrass Ford’s government
Wednesday, April 17th, 2019
NDP MPP Taras Natyshak is tabling private member’s legislation identical to a bill introduced by Tory MPP Sylvia Jones two years ago that would revive the auditor general’s powers to veto commercials deemed to be politically partisan… “Voting against this bill would be the height of hypocrisy,” he said, noting Jones and much of Ford’s cabinet strongly endorsed the measures in 2017.
Tags: budget, globalization, Health, ideology, jurisdiction, tax
Posted in Governance Debates | No Comments »
The crushing impact of social media freeloaders
Monday, April 15th, 2019
Here are two breathtaking stats: 65 per cent share and 80 per cent margin. Those are market experts’ estimates of share of ad revenues and the profit margins of the social media duopoly in Canada. No other ad business in the world has that stranglehold, no other media business earns one quarter of those stratospheric profit margins. Unlike them, their Canadian television, newspaper and magazine competitors pay taxes.
Tags: economy, globalization, ideology, participation, standard of living, tax
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Everyone’s Income Taxes Should Be Public
Sunday, April 14th, 2019
Calling for more disclosure may seem discordant at a time of growing concern about privacy. But income taxation is an act of government, not an aspect of private life. Property tax records provide a reasonable model. Local governments disclose the name of the property owner, the value of the property and the amount of taxes owed and paid. The same information should be available for income taxes — nothing more is necessary.
Tags: featured, ideology, participation, tax
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Federal government moves to lift alcohol trade restrictions, urges provinces to do the same
Wednesday, April 10th, 2019
… the legislation, once passed, will remove the federal requirement that alcohol moving from one province to another go through a provincial liquor authority… The Supreme Court of Canada unanimously ruled last April that provincial and territorial governments have the authority to restrict imports of goods from other jurisdictions and that Canadians do not have a constitutional right to buy and freely transport alcohol across provincial and territorial borders.
Tags: economy, Health, jurisdiction, tax
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How Billionaires and Big Pharma Battled Canada’s National Drug Plan
Monday, April 8th, 2019
Batt found powerful players — including insurance and drug companies — profit from the current system. And that they had unleashed a major, expensive lobbying, PR and public campaign to fight a national pharmacare program… It’s time Canadians enjoyed a common sense pharmacare plan built to provide coverage for everyone, control costs and keep prices down. It’s time to do what’s right for the public’s health and the country’s economy.
Tags: budget, economy, featured, Health, ideology, jurisdiction, mental Health, participation, pharmaceutical, standard of living, tax
Posted in Governance Debates | No Comments »
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