Taxes

Flatten the myth: Don’t fear government debt after COVID-19

May 11, 2020
By
Myth: Government debt rising from the COVID-19 crisis is a big problem. Reality check: Large-scale public spending to support people and invest in long-term public goods is prudent not only on a human level, but also in economic terms. The size of government debt compared to our economy (our debt-to-GDP ratio) will rise substantially through… View Article

Taking stock of COVID-19 economic policy measures in BC

Apr 7, 2020
By
A multitude of measures have been tabled by the provincial and federal governments to prop up workers and an economy reeling from mandated closures of businesses brought about by physical distancing measures. Spring 2020 will be a period economic historians will be writing about for decades to come. Most economists were encouraging significant fiscal and… View Article

Our take on BC Budget 2020

Feb 18, 2020
By and
BC Budget 2020 is light on new announcements. It largely marks the final year of implementation of the ambitious three-year plan set out back in 2018 to tackle some of our biggest social and economic challenges head on. The good news is that it delivers on key commitments made (and even ups the amounts slightly… View Article

A surplus at all costs? Balanced budget fixation hurts BC

Jan 20, 2020
By
Almost every year at budget time, BC governments of all stripes predict public coffers are going to be worse off than they’re likely truly expecting. This habit is usually portrayed as harmless or even prudent, but when the budget room available to us is systematically underestimated, it distorts the scope of public debate. Budget lowballing… View Article

Happy new year—no more MSP!

Jan 6, 2020
By
It’s a brand new year, and BC’s Medical Services Plan (MSP) premiums are no more. That’s great news because MSP premiums were a very unfair tax (or “regressive” as we economists like to say). In its first budget (in 2018), the current provincial government announced it would phase out MSP premiums by 2020 and has… View Article