California’s welfare system (EITC) includes subsidies sent annually for people living without income and that’s about to change. Under new rules the money given to people who earn less than minimum wage will be sent monthly. This is really good since it provides a stable, reliable, and regular sum every
Continue readingTag: tax
Things Are Good: Time for a Tobin Tax on Financial Transactions
High frequency trading increases volatility in stock markets and mean that only those with access to high-powered computers can compete. This is not good for long-term thinking and means that what a company actually does is irrelevant to the stock performance – contradictory to claims about how the market ought
Continue readingThings Are Good: These Millionaires Want Higher Taxes
When it comes to taxes Americans love not paying them, but now some millionaires want to change that. The Patriotic Millionaires call on the rich to pay their fair share, and they call for that attitude to permeate the globe. Developed nations tend to tax money made through labour at
Continue readingThings Are Good: It’s Time to Tax Car Drivers by the Kilometre
The RAND Corporation is calling for a new way to tax drivers in the states: by distance traveled. Car drivers may feel like they’re paying too much in taxes already, but the reality is that the costs of maintaining road infrastructure are far greater than revenue from vehicle-specific taxes. In
Continue readingThings Are Good: Using Math to Solve for Inequality
Inequality has been increasing globally for years, and developed nations have seen inequality rise in rates comparable to the start of the great depression. This situation is understandably problematic and worrisome. Accordingly, a lot of thinkers have looked into the problem, most solutions come down to some level of redistribution
Continue readingThings Are Good: Alberta’s Carbon Tax Brings Cash to Great Programs
The Canadian province of Alberta is best known for the tar sands and the damage extraction of the bitumen has done to the planet. The province is now aware that their extraction economy won’t last forever because it isn’t renewable, so they have started to implement policies to make their
Continue readingMichal Rozworski: “Investment” versus investment
Surprise! A new investigation by the Toronto Star and the CBC found that recent treaties with tax havens like the Bahamas and Panama aimed at more “transparency” have just made it easier for corporations to evade ever more taxes. And Canadian corporations have obliged this golden opportunity. “Investment” abroad has ballooned all the while the […]
Continue readingWritings of J. Todd Ring: The real costs of fossil fuel-powered vehicles – and the alternatives to them
There is some rising concern, and at times vitriol, about electric car drivers not paying their fair share, because they buy no gas, and therefore do not pay gas taxes, which go to maintaining roads. While this is true, it is only a sliver of th…
Continue readingJoe Fantauzzi: The Political Economy of The Sharing Economy
Introduction Today, getting a lift to the store is as easy as loading an application on a digital device and summoning a roving car to one’s door. It is fast, cheap and, many argue, less onerous than ownership. The so-called sharing economy is on the…
Continue readingThings Are Good: Taxing Sugary Water Works
Beverages infused with copies amounts of sugar like Pepsi or Coke aren’t good for you health. When an entire nation consumes too much then public health suffers greatly. This has many governments looking into how they can stymie this overconsumption of unhealthy drinks. One solution is taxing soda sales. in 2014 the Mexican government started […]
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Continue readingJoe Fantauzzi: From Participatory Budgeting to Co-operative Tenant Control: An Alternative Policy Recommendation For Toronto Community Housing
Toronto Community Housing (TCH) is a huge organization with a crucial mandate. Located in Canada’s most-populous city and the capital of the Province of Ontario, TCH provides housing for 164,000 low and moderate-income people in 58,500 homes. The age…
Continue readingJoe Fantauzzi: Raise Corporate Taxes To Fund Ontario’s Infrastructure Deficit: An Alternative Policy Proposal
The province of Ontario currently faces a significant public infrastructure deficit which is harming its economic productivity and its quality of life. The government’s own numbers estimate that deficit at “tens of billions of dollars.”[1] Some m…
Continue readingJoe Fantauzzi: Notes on the Political Economy of the Hydro One Privatization or: Why Isn’t The Ontario Business Sector Paying Its Fair Share For Infrastructure?
Ontario’s provincial government faces a massive public infrastructure deficit. The province’s own numbers estimate the deficit at “tens of billions of dollars.” Among the high profile components of this deficit is transportation infrastructure. In response, the government says it has invested billions of dollars into transportation infrastructure since 2003. Ontario’s Liberal provincial government is
Continue readingOpenMedia.ca: Geist: Netflix Taxes and Canadian Digital Issues in the Election Spotlight
All party leaders should say NO to the Canadian Netflix tax! Here’s why this discussion should be one of the important digital issues on the spotlight in the election campaign. Article by Michael Geist read more
Continue readingJoe Fantauzzi: Ontario’s Common Sense Revolution at 20: A Look Back
Today marks 20 years since the Progressive Conservative Party foisted its so-called “Common Sense Revolution” on Ontario. Former PC Ontario leader Tim Hudak took to Twitter this morning to extol the virtues of this full-throated neoliberal experiment, declaring it “the most effective, courageous gov[ernment]” in his lifetime. Some remember those days
Continue readingJoe Fantauzzi: Ontario’s Common Sense Revolution at 20: A Look Back
Today marks 20 years since the Progressive Conservative Party foisted its so-called “Common Sense Revolution” on Ontario. Former PC Ontario leader Tim Hudak took to Twitter this morning to extol the virtues of this full-throated neoliberal experiment, declaring it “the most effective, courageous gov[ernment]” in his lifetime. Some remember those days
Continue readingPolitical Eh-conomy: Transfers, taxes and who pays for austerity
The question of who pays for austerity and how is an enormous one. Promoters of austerity often claim that cuts to universal services are fine if they’re offset by transfers to those who can’t pay for newly-marketized services. The same goes for expanding services – why give everyone childcare if
Continue readingPolitical Eh-conomy: Some thoughts starting from a Fraser Institute graph
I’ve been meaning to post something on a chart from a Fraser Institute report for a while but slept on it. The chart comes from Fraser’s annual Consumer Tax Report and is supposed to show the different paths taken by how much households pay in taxes and how much they spend
Continue reading9 ways Alberta should manage resources better
Sometime toward the end of November, the Alberta government will release their 2nd quarter fiscal update. Finance Minister Robin Campbell will likely tell us that the second quarter was another good quarter but that the good news is coming to an end and the 1st quarter projection of a $3 Billion bonus will be
Continue reading9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER
Sometime toward the end of November, the Alberta government will release their 2nd quarter fiscal update. Finance Minister Robin Campbell will likely tell us that the second quarter was another good quarter but that the good news is coming to an end and the 1st quarter projection of a $3 Billion bonus will be revised. The reason of course … Continue reading 9 WAYS ALBERTA SHOULD MANAGE RESOURCES BETTER →
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