The introduction of a wealth tax in Canada is a recurring subject that regains interest with the current crisis. Indeed, in the 2020 throne speech, Canada’s prime minister said, "The Government will also identify additional ways to tax extreme wealth...
Economy
Wealth Tax Is State-Sanctioned Theft: Politicos Drunk on Power Pursue Disappearing Revenues
Eat-the-rich rhetoric is good politics but bad policy. The wealthy minority contribute precious investment and much-needed employment, but no good deed goes unpunished. The specter of a wealth tax, which hangs over Canada, epitomizes infantile, self-defeating...
Four Measures to Kick-Start the Canadian Economy
Social engineers are eager for Canadians to buy into the same madness touted across the globe for post-pandemic recovery: more government spending. Now is precisely when technocrats must take a back seat and let markets take the wheel. On November 30, the minister of...
Bidenomics: A Freer Trade Policy with Canada Under President Biden? Not So Sure.
If the USA's current electoral situation is still in turmoil, the Biden presidency seems to act. With the return of the democrats at the White House, there will be changes in the US foreign policy. Canada, as the third US trade partner, will be impacted. The Trump...
Featured News
To Infinity and Beyond
Space exploration is fraught with a wide variety of hazards; solar storms could irradiate astronauts, collisions with small, unseen objects could cause instant death, and the acts of both leaving Earth and coming back are high risk maneuvers that involve high speeds...
Global Minimum Tax Is Cartel Scam with Loopholes
Rhetoric is one thing; reality is another. As is becoming increasingly clear, the OECD’s July 1 proposal for a 15 per cent global minimum for corporate taxation is nothing of the sort. Although the awaited initiative slated for 2023 will not and cannot achieve a level...
Foreign Investment – Good Questions
Micheal Wilson has asked some good questions for the next federal government to ask regarding foreign investment policy in Canada.
Defusing the Demographic Time Bomb
The Financial Post ran a fairly alarmist article outlining the potential negative impacts of demographic trends that are present in Canada. Quotes in the article include:
Christopher Ragan, economics professor at McGill University, said the Baby Boomers’ exit from the labour force would pose a “significant drag” on growth.
Kevin Page, the parliamentary budget watchdog, has projected the economy’s potential output — the level of goods and services the economy can produce without triggering inflation pressures — will drop to 1.3% by 2020 from 2.1% in 2010 and 3.7% in 2000.
The Economist on Taming Leviathan
An Economist Special Report touched on some Frontier themes.
Canadian Media Content Doesn’t Sell Well Internationally
Don’t tell that to the folks at The Score.
Apps are a key part of this strategy. Having plunged into the market early, theScore boasts the number-one sports app for BlackBerry, and is a strong global player on the iPhone. Across all platforms, ScoreMobile is drawing 2 million unique visitors a month.
It’s easy to imagine apps are just a bonus for loyal TV viewers, but theScore’s numbers suggest otherwise: 60 per cent of their mobile traffic comes from outside Canada, where the network doesn’t air.
The Economists’ Consensus
A reminder of some basic propositions agreed on by the overwhelming majority of economists.
US Debt Causes Warming
Thanks to Watts up with That for this item that follows on my previous correlation does not equal causation post.
Total US Debt (public and private) as a percentage of US Gross Domestic Product (GDP) correlates with NASA GISS US Annual Mean Temperature Anomaly better than CO2 levels! So, if we want to reduce warming, cut the debt!
Myth Busters: The decline of U.S. Manufacturing
Rumours of Manufacturing’s death in the U.S. and Canada…
Canada, One of the Freest (Markets) At Last
The Heritage Foundation-Wall Street Journal’s Index of Economic Freedom 2011 says Canada has edged upward in capitalist sentiment and free-market rights in the past couple of years, thereby earning an elite ranking as a “free economy.”
Saskatchewan Tops Population Growth
Saskatchewan’s leading population growth is a reflection of the previous and present governments creating a safe policy environment.