Columnist Andrew Coyne is a huge fan of the Conservative government's new income splitting proposal. It's in the interest of fairness, you see. Single-earner couples, so his logic goes, aren't getting a fair shake in being taxed more than their dual-earner couple counterparts with the same total income.
By now, however, we are familiar with some of the patently unfair aspects of the Conservative scheme. There's the fact that the tax giveaway stands to exclude single parent families that need the most help. Or that even with the $2,000 cap, benefits from income splitting will accrue disproportionately to wealthy single-earner families.
Posted by NationBuilder Support · October 16, 2014 5:03 AM
OTTAWA—The Broadbent Institute is pleased to announce that Hugh Segal, Master of Massey College at the University of Toronto, will be interviewing renowned economist and author Robert Reich following Reich's keynote address at the Institute's second annual Progress Gala in November in Toronto.
Leader of the Opposition Thomas Mulcair has launched a new round of debate over the need for a national child care and early learning program. The NDP poposal would help the provinces to finance quality, affordable child care systems, delivered by regulated providers in place of the current patchwork quilt of formal and informal care of varying price and quality.
Best-selling author Thomas Piketty argues in his book, Capital in the Twenty First Century, that inequality is set to return to the extreme levels of the “Gilded Age” of the late nineteenth century when very large shares of income and wealth were concentrated in the hands of the super rich. And he is far from alone.
In a gloomy long-term prognostication, Policy Challenges for the Next Fifty Years, the OECD, the major think-tank of the advanced economies, anticipates that the incomes of those at the top will continue to grow much more rapidly than those at the middle and bottom.
What the report sought to do was look at racialized labour market data in Ontario and compare it to previous work done using 2006 Census data, to see how the trends in the labour experience of racialized Ontarians have changed over time.
Since the early 1980s, middle class incomes in Canada and the United States have stagnated while the incomes of the top 1% have, with occasional short interruptions, grown dramatically. As a result, the top 1% income share in the U.S. increased from 10.8% of total income in 1982 to 22.5% in 2012. Tax data in Canada show a smaller increase, but it is hard to be completely sure since the top 1% in Canada have been able to shelter some of their income increase from view (in Canadian Controlled Private Corporations).
Call me crazy, but as our elected representatives return to Parliament next week, I’m actually feeling a little hopeful.
That’s because as we approach a critical election next year, the pressing issue of inequality might finally take centre stage. It’s more than a hunch. Inequality is clearly forming roots in the public imagination.