Common wealth tax myths busted
While it is tempting to believe the extremely wealthy all “bootstrapped” themselves into affluence through their own ingenuity and hard work, the data paints a different picture.
While it is tempting to believe the extremely wealthy all “bootstrapped” themselves into affluence through their own ingenuity and hard work, the data paints a different picture.
Since the 1980s, governments around the world have reduced taxes on corporate profits and personal wealth, weakened regulations and privatized public infrastructure. These decisions allow the powerful to hoard wealth at the expense of workers, consumers, the environment, and social cohesion.
We can hardly tackle obscene and rising levels of economic inequality if we are not prepared to see a sustained rise in wages at the expense of the capital share of national income, and a sustained period of wages growing at least in line with growing productivity.
From affordable home-ownership programs and housing for intergenerational households, to culturally informed supportive housing for Black people leaving homelessness and the gentrification antidote that community land trusts can be, People of African descent in Canada must be afforded the opportunities and resources to participate in the decisions that impact our lives and to build the…
Analysis suggests that capital has become far too strong to sustain a robust economy and that an increase in labour bargaining power should be welcomed rather than resisted.
Across Canada, paid sick days have largely been left to the responsibility of the employer and/or union collective agreements to provide.
Building affordable housing should be part and parcel of the core infrastructure needed to make a livable city, just like schools, transportation and hospitals.
Canada needs to look beyond the immediate crisis to identify the key building blocks of a new economy on a sector by sector basis.
Canada’s corporate bailouts need to cut out tax dodgers and profiteers, and show long-term commitments are attached to the money.