The First World War gave birth to the progressive income tax. The coronavirus crisis could do the same for a basic income.
“Sometimes you’re not going to get an answer,” Morneau says.
Stimulating an economy takes more than just allocating money.
Hold the applause.
The federal government now appears once again poised to balance its budget after several years of deficit spending. A step backwards in the direction of borrowing and spending more would be a huge loss with little economic reward.
With federal Finance Minister Jim Flaherty poised to unveil his 2014 budget on February 11, early signs point to a business-as-usual budget with his government staying focused on eliminating the deficit in 2015 and creating the fiscal room to provide tax relief in next year's budget. But Flaherty could take a different approach and positively surprise Canadians.
Consumption -- stimulated or not -- never has and never will be the driver of economic growth. It's rightly been said before that the true engine of an economy is savings and investment, whereas consumption is merely the steering wheel.
Although the Harper government has no problem spending money, I believe that they will probably ramp up the cuts that have already started. We must make sure that we are not balancing the books on the backs of the poor. Make no mistake, poverty costs us all. It forces up our tax bills and depresses the economy.
Stephen Harper said his government is sticking with its plan to chop billions of dollars in spending instead of enacting
OTTAWA - The Canadian economy grew at a slower-than-expected pace of 1.5 per cent in the second quarter, the Bank of Canada