While many workers were laid off and had to rely on income support of $500/week during the pandemic, the stock market boom means half of CEOs will likely see an increase in their compensation for 2020.
All Together Now!
This situation is yet another reminder of why having not-for-profit organizations take over public services like long-term care doesn’t solve the problem of underfunding. It just changes how the services are funded.
The campaign, Make Amazon Pay, is demanding changes to both Amazon’s company policies and government legislation.
As with the Speech from the Throne, there were a few encouraging commitments, but they were somewhat lacking in substance. Canadians expected that this fiscal update would deliver more detail on the progressive-sounding vision outlined in the Throne Speech.
New report recommends progressive tax measures the federal government could use to address worsening wealth inequality in Canada and raise revenues to help pay for the COVID-19 crisis.
If the money lost to tax abuse had been available to hire more staff and ensure health care workers were properly protected, many of the people who died during the pandemic would still be alive.
For anyone who believes in reducing income inequality, asking the very wealthy to pay a bit more in tax to help fund programs that will help people who are struggling should be a “no brainer.”
Different tax policies that the government should use to reduce inequality include closing tax loopholes, introducing an annual wealth tax, and an excess profits tax on large corporations that have profited from the pandemic.
“The bottom line: no one is protected until everyone is protected” — Dr. Theresa Tam, Chief Public Health Officer of Canada
When billionaires are wealthier than ever before, making cuts to public services that will penalize low- and middle-income people to pay for the costs of the COVID-19 pandemic is obscene.
This demand recognizes that if we are going to avoid a repeat of the pandemic and respond to the other challenges facing our planet, “going back to normal” isn’t good enough.
Adequate funding for services like health care or enabling tax dodging and money laundering — it shouldn’t be a tough choice.
“Provinces must play their part in inflating the economy, not contribute to the further deflating of our economy." — Larry Brown, NUPGE President
“Hiding mistakes means we can't learn from them. Stephen McNeil must show leadership and give the staff, residents and families what they deserve — a full public inquiry.” — Jason MacLean, NSGEU President
“Now is the time for a universally accessible, publicly funded, not-for-profit, and high quality child care system that fairly compensates workers in a unionized workforce.” — Larry Brown, NUPGE President
For the public, privatization means we’re paying twice. Once to make up for the revenue governments lose when wealthy corporations and individuals are able to use tax havens and then again because privatization means higher costs and poorer service.
"Analysis of the latest Statistics Canada foreign direct investment figures reveals that Canadian corporations last year increased the amount of assets they report in the top 12 tax havens by 135% in the past decade and up $10 billion from 2018."
An excess profits tax, which we had during both world wars, would raise revenues and prevent pandemic profiteering.
Using charities or non-profit groups to privatize public services doesn’t generate the same reaction as when for-profit companies take them over, but the problems associated with privatization are still there.
“The fact that your government felt it necessary to create the CERB is a damning statement on the damage done by the restrictions on EI coverage and benefits that have been introduced over the years” Larry Brown, NUPGE President