When income tax cuts leave you worse off
The real fiscal choice in the election is between tax cuts which deliver small benefits to many, or ambitious investments in public services which deliver a much bigger and fairer bang for the fiscal buck.
The real fiscal choice in the election is between tax cuts which deliver small benefits to many, or ambitious investments in public services which deliver a much bigger and fairer bang for the fiscal buck.
A Green New Deal in Canada will be a much more powerful tool for good job creation if twinned to an industrial strategy. But this will require a government prepared to push the limits and challenge the current rules of the game.
Without policy interventions that are based on data and a solid understanding of the issues that need to be addressed, inequality will continue to grow as millennials age — impacting future generations and their economic outcomes.
Green New Deal architects need to bring together the political coalition they need to be the change they want.
Canadians—and people of all nations—must ask themselves at what point does the concentration of economic power threaten, not just a couple thousand jobs in Oshawa, but the very basis of our sovereignty and democracy?
The global economy has to be seen, not so much as a set of discrete national economies trading with each other, but as a vast “macro financial” web of corporate balance sheets and financial flows.
The next financial crisis is coming, sooner more likely than later. And Canada has no reason to be complacent, given its own vulnerabilities.
We should be very careful to recognize that poverty has many dimensions that can only be understood through multiple indicators, and that political commitments must extend to resources and not just targets.
The problem with the “end of jobs” narrative is that it disarms us by suggesting that massive technological forces out of our control are most to blame for our problems. That is not the case.