The financial resources many older adults need to age with dignity are enormous, and mostly accessible to the wealthiest among us. Our system, at this point, largely assumes that the funds required for a person to grow old is a personal responsibility, instead of a collective one. If one is unlucky enough to develop a condition that requires constant care and doesn't have the money, our current system treats you as if you subpar, giving you little options to receive high-quality healthcare at a low cost. Never mind that the burdens of illness are carried more heavily by those who are racialized and economically marginalized. Never mind that many have never earned enough in their lifetime to have accumulated savings for this sort of care in the first place.
After more than eight successful years as Executive Director of the Broadbent Institute, the Board of Directors of the Institute today announced that Rick Smith will be stepping down from this role, effective mid-June, to become President of the Canadian Institute for Climate Choices (CICC).
Despite promises it made in its 2020 Throne Speech, the federal government failed to “tax extreme wealth inequality” in the 2021 budget - the first federal budget to be tabled in two years. Instead, relatively minor measures to increase taxes on foreign digital sales and luxury goods tax, small movements towards closing the stock options loophole and reducing tax evasion, make up the scant package of tax reforms Trudeau’s Liberal minority government wants to move forward to help Canada recover from the largest economic setback in decades.
Thanks to the announcement of significant funding for a new national child care and early learning program, the 2021 federal Budget can be fairly described as the most progressive since the 1970s when the NDP pressed a Liberal minority government to build the modern welfare state. That said, it falls well short of what many on the left hoped for, and fails to set the stage for social and economic transformation after the pandemic has passed.