Posts Tagged ‘tax’
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Income vs. Wealth Inequality
… over the last 30 years, the bottom 90 per cent of families saved zero, on average, while top wealth holders have been able to save more and more. The result: A huge increase in wealth inequality that, unfortunately, is likely to persist — short of adopting more drastic policies aimed at curbing the wealth at the top and encouraging wealth accumulation at the bottom.
Tags: economy, featured, ideology, participation, standard of living, tax
Posted in Equality History | No Comments »
Justin Trudeau defiant on proposed small-business tax changes
… potential changes under scrutiny include ending a practice that allows business owners to lower their tax rate by sprinkling income to family members in lower brackets, even if those relatives are not active in the business.
Another proposal calls for limits on the use of private corporations as a way to gain tax advantages when making passive investments in things like stocks or real estate. The third change would limit the conversion of a corporation’s regular income into capital gains that are typically taxed at a lower rate.
Tags: economy, featured, ideology, tax
Posted in Equality Delivery System | No Comments »
The real problem with the Liberals’ tax-reform plans — they aren’t big enough
By taking on just one reform, the government allows its opponents to train all their fire on a single point. At the same time, it leaves itself vulnerable to the charge that it is playing favourites: why this tax break, and not others? … By goring everyone’s ox, the government would avoid the charge of favouritism. And with the revenue gained by closing so many tax breaks at one go, it could cut taxes across the board, creating “winners” with a stake in reform’s success
Tags: tax
Posted in Governance Debates | No Comments »
How much will Morneau’s proposed tax changes cost small business? We do the math
… financial experts to provide before-and-after scenarios of three of Ottawa’s proposed changes, including using corporations for so-called “income sprinkling” among family members; reducing the lifetime capital-gains allowance for a family; and so-called “passive” investment income, where a business owner invests money they don’t need right away in their corporation, at a lower tax rate, instead of taking it out as personal income, at a higher tax rate, and investing it.
Tags: budget, featured, globalization, ideology, tax
Posted in Governance Policy Context | No Comments »
Annual anti-tax report is still bogus after all these years
By delinking taxes from the services they buy, the Fraser Institute has long fed into a false narrative that for decades was in the ascendancy: that any tax is a bad tax and any cut a free good. In recent years, however, that view has begun to fall out of favour, and not just on the left… The IMF, the OECD, and other past champions of austerity have all made the case that the costs of tax cuts often outweigh their benefits…
Tags: economy, featured, ideology, standard of living, tax
Posted in Debates | No Comments »
Canada suffers from unimaginative government. Here are some radical ideas
There is no serious discussion of health-care reform, though Canada is one of the few countries in the world that claims to ban private medicine. We are in fact rationing medical care for many victims of chronic health problems, and have failed to advance any policy option except throwing more tax-paid funds at the question… There has been no attempt to make welfare and poverty-reduction more effective…
Tags: corrections, Health, ideology, Indigenous, participation, pharmaceutical, tax
Posted in Governance Debates | No Comments »
Killing the entrepreneurial spirit
“The government’s proposals eliminate many of the bona-fide tax planning strategies that currently reward the business owner for risking his/her capital, for creating thousands of jobs across Canada and for contributing to Canada’s social security safety net, which is generally accessed by the middle and lower class. “The government’s actions will increase the overall tax burden for hard-working business owners and their private corporations and may create a disincentive for those who are considering pursuing their innovative and entrepreneurial spirit in Canada.”
Tags: economy, ideology, privatization, tax
Posted in Debates | No Comments »
Canada should listen to wake-up call on health care
… according to the data, access to health care could be greatly improved if we had more doctors. Among the 11 advanced countries, Canada has the fewest doctors per 1,000 residents. In 2014, we had 2.5 doctors for every thousand people. Norway had 4.4 and the U.S. was only slightly better than Canada, with 2.6… the government has successfully controlled spending on doctors’ services, but it comes at a cost.
Tags: budget, Health, jurisdiction, mental Health, standard of living, tax
Posted in Health Debates | No Comments »
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