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Showing posts from September, 2021

Cynicism

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The Liberal leader called an election because, he said, he wanted a clear mandate from Canadians. A mandate in politics is “ the authority to carry out a policy or course of action, regarded as given by the electorate to a candidate or party that is victorious in an election.” Instead, it looks like his mandate is to keep working in a minority setting where you need to work with members in other parties to make legislation. 4 of the 6 past governments have been minority and it seems like things worked pretty well. As a matter of fact, minority governments in the past brought us medicare, pension plans, student loans, bilingualism and the Maple Leaf flag! So any appeal to vote for them because they are “the only party” that can produce a progressive legislature is just cynical. Speaking of cynicism, the conservative leader, who ran as a “ true blue ” candidate in his leadership bid has suddenly bought into the new “ left wing populism ” with promises to put workers on boards of direct...

Tax Avoidance

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65 years ago Canadian corporations collectively paid about the same amount of tax as private Canadians. Today private citizens collectively pay 3 times as much as Canadian corporations. “In an average year, the 102 biggest companies in Canada pay $10.5 billion less than they would if they paid tax at the official corporate tax rate.” - Toronto Star. But when Revenue Canada tries to recoup 4.4 billion due to offshore tax evasion they can expect to get, maybe half. - National Post Groups like Taxfairness have plenty of straight forward ideas to turn this around. Like a financial activities tax: “Canada’s biggest banks and insurance companies remained profitable through the financial crisis and topped the list of large corporations making higher profits than usual during the pandemic. A Financial Activities Tax could also help cool the over-heating asset market, including housing. Such a tax, as proposed by the IMF, would generate at least $7 billion annually.” The problem is not uniqu...
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Muhammad Riaz Sahi is the NDP candidate for Milton. Labour, labour, labour. What’s it all about? We know some old dead guys two centuries past started a movement that gave us an 8 hour work day in a 40 hour work week and other protections such as the right to organize. That also gave us a holiday at the start of September, or May depending on where you live. We know that Labour movements are spearheading demands for higher minimum wages. We also hear that business complains about the soaring cost of labour and their difficulties in finding skilled trades workers. Now Elon Musk is saying a basic income will be necessary in the future. What does it all mean? Well the truth is, we don’t know what it all means. No one has a crystal ball that sees into the future. No one can say what’s better, a degree in Business, a degree in Engineering or a trade. The future is, well, the future, and no one knows what it will look like. Here is what we do know. The climate is changing. We’re in the t...