A very conservative idea (2)

I have written, more than once, in favour of some sort of guaranteed annual income based on a negative income tax system. I have called it a very conservative idea because it has been advanced by e.g. Friedrich Hayek and Milton Friedman ... ... and while I know that many so-called conservatives oppose the idea … Continue reading A very conservative idea (2)

Some thoughts on taxes

My first and, I believe, the most important thing to understand about taxes is: there is only one taxpayer; it is you and me and individuals like us. Corporations do not pay taxes ~ they pass every single penny of the taxes assessed to them on to us, their customers. You and I and your … Continue reading Some thoughts on taxes

The Argentina of the North

Almost three weeks ago, I quoted Professor Jack Mintz who said "Creditors eventually will want Canadian governments to have sustainable fiscal plans. If not, they will downgrade our debt, leading to higher interest rates. This has already happened to Alberta, which has the lowest debt-to-GDP ratio of all the provinces but also the second highest … Continue reading The Argentina of the North

Boring, but vital

There are few things more boring than discussions of tax reform. Once a year, or so, most of us grumble about how complicated the tax system is ~ I have commented on Rita Trichur's idea about that, by the way ~ but then we forget it. Jack Mintz, writing in the Financial Post, says that … Continue reading Boring, but vital

The right thing to do?

John Ibbitson, who is described as "a writer-at-large" for the Globe and Mail (I think that means senior columnist who is given carte balance on topics) and David Parkinson, who is the Good Grey Globe's economics columnist have, in an opinion piece, opened the pandora's box of a universal basic income. Bravo! And medals for … Continue reading The right thing to do?

Follow the money

The CBC quotes the very credible C.D. Howe Institute saying: "Canada is officially in a recession that's been caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday ... [because] ... The council, which monitors recessions and recoveries in Canada, said the economy peaked in February, just before drastic measures to slow … Continue reading Follow the money

A big idea

So there is some fuss on social media about Prime Minister Trudeau's government providing $50 million to help temporary foreign workers to self-isolate. As iPolitics explains, "Ottawa is providing $50 million to farmers, fish harvesters and other food production and processing employers to cover the costs of ensuring workers arriving from abroad properly self-isolate for … Continue reading A big idea

Another “exactly right” notion

David Staples, an award-winning journalist, writing about a week ago in the Edmonton Journal, got it exactly right. After noting, correctly, that "There are a good number of sober, sensible actions that will change the world from a smoggy and smoky place into a clean and prosperous home for us all ... [but] ... Lashing out … Continue reading Another “exactly right” notion

Trudeau’s best hope

John Ibbitson, writing in the Globe and Mail, warns that "Financial crises can benefit a party in government, if voters decide the leader is capable and committed ... [as they did, he says, with only Jean Chrétien and Stephen Harper over the last 65 years] ... More often, they’re a political disaster ... [and, he … Continue reading Trudeau’s best hope