Taxes

Tax cuts won’t cure what ails us

Oct 2, 2020
Major tax cuts are on the table in BC’s election—namely, cuts to the provincial sales tax (PST) and speculation tax. But these proposals won’t help us meet the challenges the province faces. Whether the goal is economic stimulus, helping households in need or addressing long-term gaps in our social and physical infrastructure, tax cuts are… View Article

Now is not the time to panic over the federal debt

Sep 22, 2020
Public policy in Canada remains haunted by large deficits that prevailed in the 1980s and early 1990s. With COVID-19 economic response pushing the federal deficit to an estimated $343 billion in 2020/21, some pundits are starting to beat the deficit panic drum again.  Don’t let big numbers scare you. Here’s why we shouldn’t be worried. … View Article

A wealth tax on the super rich is within reach

Jun 15, 2020
If anything is clear in this pandemic, Canada needs a wealth tax on the super rich to rein in extreme inequality and contribute to crucial public investments in the wake of COVID-19. A wealth tax is economically and technically feasible, but it requires breaking with a status quo that often too narrowly serves Bay Street… View Article

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

May 11, 2020
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
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