Creating the social partnership that is the core of social democracy—in the Nordic model, anyway—is a provincial undertaking which can greatly benefit from a strong federal ally.
The top 1% of individual taxpayers receive almost all of the benefit of the stock options deduction and 87.4% of the benefit of the capital gains deduction.
What we need is higher productivity in low wage industries, and a higher minimum wage floor will help to do the job.
This well-known story of declining real earnings of younger workers is seemingly inconsistent with a story of increasing family incomes of children relative to their parents.
Given the huge imbalance, this would likely require more managed trade plus more proactive Canadian industrial policies. As a planned economy, China might be open to sectoral managed trade arrangements.
In this new age of corporate concentration, we certainly need a much broader response than competition policy alone.
Without that information, how do we answer the central question – are we making the right choices that will help us live up to our vision of greater equality?
A necessary prerequisite for restoring Western democratic capitalism, and even more so social democracy or democratic socialism, is to force the genie of finance back into its bottle.
These data point to stark and growing disparity between incomes and housing prices since 2005, far outstretching a related but less pronounced trend in the rest of the country.
