Posted by Nick Falvo under BC, bubble, cities, economic thought, foreign investment/ownership, globalization, housing, inequality, interest rates, investment, Liberal Party policy, monetary policy, municipalities, Ontario, party politics, prices, private equity, regulation, Role of government, taxation, Toronto, wealth. September 25th, 2019Comments: none I’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned...
Read More »Taxing Wealth to Create a More Equal Canada
This is a longer, wonkier version of a piece I wrote for National Newswatch. As part of a broader fair tax agenda, Jagmeet Singh and the federal New Democratic Party have proposed a wealth tax. This is intended to fight obscene and rising levels of economic inequality by limiting the concentration of wealth in the hands of the very rich, who can well afford to pay more, and by generating new fiscal resources to be invested in equality-promoting programs such as expanded public health...
Read More »Taxing Wealth to Create a More Equal Canada
This is a longer, wonkier version of a piece I wrote for National Newswatch. As part of a broader fair tax agenda, Jagmeet Singh and the federal New Democratic Party have proposed a wealth tax. This is intended to fight obscene and rising levels of economic inequality by limiting the concentration of wealth in the hands of the very rich, who can well afford to pay more, and by generating new fiscal resources to be invested in equality-promoting programs such as expanded public health...
Read More »Alberta must find alternatives to cutting social spending
I have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes currently exceed the provincial government’s own class-size targets. -Tuition fees as a share of university operating revenue have roughly tripled in Alberta...
Read More »Alberta must find alternatives to cutting social spending
I have an opinion piece in today’s Edmonton Journal about Alberta’s current fiscal situation. Points raised in the blog post include the following: -The Jason Kenney government will almost certainly announce cuts to social spending in the near future. -Yet, more than 80% of Alberta’s kindergarten through Grade 3 classes currently exceed the provincial government’s own class-size targets. -Tuition fees as a share of university operating revenue have roughly...
Read More »Ten things to know about this year’s Alberta Alternative Budget
Posted by Nick Falvo under aboriginal peoples, Alberta, budgets, Child Care, demographics, early learning, economic growth, education, employment, employment standards, fiscal policy, health care, homeless, housing, HST, income distribution, income support, Indigenous people, inequality, labour market, macroeconomics, minimum wage, NDP, population aging, post-secondary education, poverty, privatization, progressive economic strategies, public infrastructure, public services,...
Read More »Ten things to know about this year’s Alberta Alternative Budget
The Alberta Alternative Budget (AAB) is an annual exercise whose working group consists of researchers, economists, and members of civil society (full disclosure: I’m the Editor). Our general mandate is to create a progressive vision for Alberta to boost economic growth and reduce income inequality. This year’s document was released today, and here are 10 things to know: The NDP government of Rachel Notley government made important advances with respect to childcare,...
Read More »MEDIA RELEASE: Alberta should increase social spending; cuts are not the way to go
(June 24, 2019-Calgary) With Alberta’s economy still facing challenges and vulnerabilities, the Alberta government should not be doling out tax cuts or cutting social spending, according to the Alberta Alternative Budget (AAB) released today. “Alberta still has, by far, the lowest debt-to-GDP ratio of any province,” says Nick Falvo, editor of the report. “We are in a good position to increase spending on education, invest in affordable child care, offer free dental care to Albertans...
Read More »MEDIA RELEASE: Alberta should increase social spending; cuts are not the way to go
(June 24, 2019-Calgary) With Alberta’s economy still facing challenges and vulnerabilities, the Alberta government should not be doling out tax cuts or cutting social spending, according to the Alberta Alternative Budget (AAB) released today. “Alberta still has, by far, the lowest debt-to-GDP ratio of any province,” says Nick Falvo, editor of the report. “We are in a good position to increase spending on education, invest in affordable child care, offer free dental care to Albertans...
Read More »The Abominable Laffer Curve
It's been pretty quiet in Lafferland since the Brexit referendum. All the talk has been of trade and sovereignty, not deregulation and tax cuts. But there's nothing quite like a Tory leadership election to bring supply-siders out of hibernation. So here is Sajid Javid singing an old sweet song to attract the votes of Tory party members: Cutting tax rates could bring in billions of extra revenue, which would mean: More nurses ?⚕️?⚕️ More teachers ???? More police ?♂️?♀️"I would cut...
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