Posts Tagged ‘tax’
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Canadian business innovation has faded despite federal cash
The memo explores the possible reasons why Canadian firms appear to have shunned innovation… Canadian companies rely more on “imitation than on innovation” and are less likely to collaborate in R&D with public institutions than firms in other G7 countries… a potential solution… [is that] Canada consider following leading countries by offering more direct measures to promote innovation, rather than continuing to rely heavily on indirect methods, such as tax credits.
Tags: economy, globalization, ideology, privatization, standard of living, tax
Posted in Policy Context | No Comments »
Mellower NDP sets its course, free of the drag of socialism
… socialist terminology is no longer on the party books. Mr. Mulcair’s policies, such as an increased minimum wage, child care, corporate tax increases, cap-and-trade, are sufficient… The policies give the New Democrats left-side girth, but they’re a far cry from the “smash capitalism” days, from knee-jerk, anti-U.S. sentiment, from being in the lock of labour, of high taxes and state planners… the mellowing out is finally paying off… polling numbers show them within reach of the top rung.
Tags: budget, economy, featured, ideology, participation, privatization, standard of living, tax
Posted in Governance Debates | No Comments »
Canadians seek leadership on inequality
The middle class started losing ground in the 1980s. But most Canadians didn’t realize it… They believed they lived in a nation in which people cared and shared. They regarded Canada’s strong, resilient middle class as its political and economic backbone. Now the trouble signals are too obvious to ignore. Middle class families are struggling financially. The social programs that used to mitigate the disparities in market income… have been sacrificed to budget balancing.
Tags: budget, child care, ideology, participation, poverty, standard of living, tax
Posted in Equality Debates | No Comments »
Despite what the attack ads say, incomes at the very top have fallen since Harper took power
Empirical studies usually look at total income (market income plus transfers from government) and if you’re going to make a point about what governments have or have not done to reduce inequality, you’d best use after-tax income, which is the end result of the tax-and-transfer system… Regardless of what measure of income you use… top-end income shares peaked in 2006 and have been declining ever since… Virtually all the damage done since 1982 occurred before 2006.
Tags: economy, ideology, standard of living, tax
Posted in Equality Debates | No Comments »
Addressing inequality will take much more than tax code tinkering
In most countries there has been a move to lower top income tax rates and reduced taxation of corporate profits, as well as cuts to income support programs such as unemployment insurance, welfare and public pensions… If market income inequality is allowed to inexorably rise, one can expect even more resistance by the well off to redistributive policies. This suggests that more must also be done to equalize market incomes.
Tags: economy, ideology, participation, poverty, standard of living, tax
Posted in Equality Policy Context | No Comments »
Guarantee a minimum income, not a minimum wage
The guaranteed minimum income has been the desideratum of generations of economists and welfare theorists, from the left and the right. The idea is to combine a number of existing income support and benefit programs into one, for which every citizen would quality as of right: no forms to fill out, no eligibility criteria, just a basic entitlement…. Distributional equity is the state’s work. The tools for achieving it are taxes and transfers. Allocating resources efficiently is the market’s job, the tools for which are prices. Wages are prices: let them do what they can do, and help the poorest through the state instead.
Tags: economy, featured, ideology, poverty, standard of living, tax
Posted in Debates | No Comments »
Four new books, including Joseph Stiglitz’s The Great Divide, look at economic inequality
“all of the economic gains since the Great Recession have gone to the top 1 per cent.” … life at the bottom of the pyramid: the almost unfathomable difficulty of surviving on social assistance; the disproportionate impact of government cuts on women, people with disabilities and aboriginal peoples… Reducing income disparity must not only involve eliminating poverty… but also limiting how much top earners can make.
Tags: economy, featured, globalization, ideology, participation, poverty, standard of living, tax
Posted in Equality Debates | No Comments »
Why are Canadians subsidizing executive stock options?
… executive stock options “represent the most prominent form of legal corruption that has been undermining our large corporations and bringing down the global economy.” Canada compounds the problem by adding a special tax break that makes executive stock options even more lucrative — and costly to the Canadian treasury… It’s hard to think of another tax break that benefits so few people so much — and for no good reason.
Tags: economy, ideology, privatization, tax
Posted in Equality Policy Context | No Comments »
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