Showing posts with label capital gains. Show all posts
Showing posts with label capital gains. Show all posts

Thursday, May 15, 2025

Thursday Afternoon Links

This and that for your Thursday reading.

- Robert Reich discusses how Donald Trump's absolute lack of inhibition is responsible for the disastrous effects of his regime - and how a public revolt which threatens Republicans necessary to his sense of impunity is the most plausible means to set the boundaries which are otherwise lacking. 

- Bob Lord highlights how the U.S.' tax system in general and treatment of capital gains in particular are both highly regressive. But Bobby Kogan and Greg Sargent each point out that the Republicans' current plan is to make matters far worse. 

- Dell Cameron reports on the Trump regime's plans to allow data brokers to profit off of sensitive personal information with no regard for the public, while Joseph Cox reports on the dangerous amounts of data being collected (and sold to the U.S. government) from license plate readers. And Luke Goldstein and Katya Schwenk report on a Republican push to shield a landlord oligopoly from answering for price-fixing.  

- Meanwhile, Simon Enoch rightly asks whether we trust unreliable and easily-distorted artifical intelligence to control access to vital social programs.

- Linda McQuaig offers a reminder that public investment has been the only proven means of building a strong Canadian economy which benefits everybody. Marc Lee discusses the importance of federal support for housing construction in particular. And Tom Goldsmith points out that Canadian businesses have never turned immense profits into meaningful investments in research or innovation, while Mario Toneguzzi reports on Loblaws' plan to extract even more profits out of consumers based on claims of tariff uncertainty. 

- Finally, Jen Gerson writes that Danielle Smith's pandering to separatists is the antithesis of leadership, reflecting an abandonment of the public good out of what can at best be characterized as cowardice. And Lisa Young points out how the UCP's belated amendments to the referendum legislation it's rammed through the Legislature confirm their utter failure to recognize the effect of treaty rights and constitutional responsibilities on the exercise of trumped-up grievance politics. 

Tuesday, August 20, 2024

Tuesday Morning Links

This and that for your Tuesday reading.

- Jeff Masters sets out some of the anticipated timelines for climate change to fundamentally reshape life in the U.S. - with immense disruption expected in a matter of just a few years. Vikas Parashram Mekram discusses how climate change is threatening groundwater supplies, while Darrin Joy points out the risk that melting permafrost will unleash massive quantities of mercury into the environment. And Hope Lompe reports on a new study showing how migrant workers in British Columbia are suffering from extreme heat in housing not designed to protect against it, while Stuti Mishra writes about the dangers and stresses of life at 50 degrees Celsius in India. 

- Meanwhile, Mostafa Henaway discusses how both the Cons and Libs have chosen to turn Canada's temporary foreign worker program into constant supply of cheap, powerless labour for corporate masters. And Prem Sikka sets out some suggestions to rein in extreme executive pay and income inequality. 

- Nojoud Al Mallees reports on new research showing that corporate capital gains have nothing to do with the creation of jobs in Canada. And Judd Legum offers a reminder that the inflation make life unaffordable for consumers has been primarily the result of corporate price-gouging which Republicans have now decided is fundamental to their way of life. 

- Finally, David Moscrop discusses how Doug Ford has thrown any concern for health and well-being out the window in directing his government's attention (and massive amounts of public money) toward alcohol liberalization as a top priority. 

Friday, June 21, 2024

Friday Afternoon Links

Assorted content to end your week.

- Jennifer Sandlin discusses a new analysis showing how COVID-19 infections lead to numerous other types of infectious diseases, while Devika Rao writes about the medical recognition that they may also increase the risk of cancers. And Sam Wollaston offers Natacha Gray's account of the realities of life with long COVID. 

- Meanwhile, Andre Picard writes about a new report warning that we don't appear to have learned much about public health responses from COVID. And Luke Andrews reports on expert warnings that the CDC is flying blind in failing to work on testing as a dangerous bird flu spreads. 

- Danyaal Raza discusses a new World Health Organization report finding that corporate greed is the direct cause of millions of preventable deaths annually. Jessica Ray takes note of the ubiquity of "forever chemicals" in U.S. drinking water - as well as the lack of any apparent plan to address it other than telling people to filter their own water. And Beatrice Olivastri, Fe de Leon and Laura Bowman question why the Libs are dismantling a planned pesticide monitoring program. 

- David Macdonald and Jon Milton point out that contrary to the contrived outrage of the Cons and their corporate puppeteers, Canada's last increase in capital gains inclusion rates was followed by a doubling of investment. And Macdonald discusses the fundamental unfairness of giving capital returns any preferential treatment over wages. 

- Finally, Robert Reich writes that Joe Biden should welcome the hatred of plutocrats who think they're entitled to have government used as an instrument to further their already-unconscionable wealth and power. And the Saskatchewan Chamber of Commerce's child labour plans provide just one example of the type of anti-social position people will be happy to reject. 

Tuesday, June 18, 2024

Tuesday Morning Links

This and that for your Tuesday reading.

- Thom Hartmann discusses how the selfish preferences of billionaires are almost invariably winning out over the public interest in the U.S. due in part to the treatment of advertising dollars as the most vigorously-protected form of speech. Jim Stanford highlights the obvious flaws in the spin being used by the uber-wealthy to oppose paying a slightly more fair share of taxes off of their capital gains.  And Arthur Nelson reports on the less-than-surprising finding that fossil fuel firms have used corporate trade agreements to impose their wishes on governments. 

- Meanwhile, Steve Ruvakina reports on the finding of the Institut de recherche et d'informations socioéconomiques that deregulation will do nothing to solve a housing crisis caused by the inherent reality that for-profit developers make more money building houses that most people can't afford.

- Jenaye Johnson discusses how extreme temperatures and other climate calamities are harming the mental health of children. And Denise Balkissoon writes that the combination of heat and smoke is making it unsafe for children to be outside for much of any given summer. 

- Stephen Maher examines how the ineffective government response to the Flu Trux Klan was the result of an utter failure to recognize the nature of the threat. And Bill Graveland reports on the testimony from a convoy murder conspiracy trial has revealed the participation of Edmonton police officers in the violent resistance to public health measures. 

- Finally, Aiden Simardone discusses how Pierre Poilievre is threatening the end of guaranteed rights and freedoms in Canada to serve the interests of those with high property values. 

Monday, June 05, 2023

Monday Morning Links

Miscellaneous material to start your week.

- Laura O'Callaghan writes about new research showing how the NHS (like other health systems) is facing staff shortages based in part on the loss of thousands of workers to long COVID. And Mary Van Beusekom discusses a study finding that 40% of foodborne illness outbreaks in the U.S. can be traced back to worker illness. 

- David Spratt writes about new research from James Hansen and others warning that we may be operating based on gross underestimates of both climate sensitivity to changes in temperature and greenhouse gases, and the consequences of failing to reverse the feedback loops already in operation. And Thom Hartmann asks why we're not seeking to hold accountable the fossil fuel industry responsible for defrauding the public and endangering our living environment in order to accumulate short-term profits. 

- Steve Lafleur points out that the only solution to traffic congestion is to make it possible for people to function without constantly needing to drive personal vehicles. And Megan Robinson notes that an increase in greenwashing as part of marketing clothing can't hide the reality that the best way to reduce the environmental impact of what we wear is to ensure that it lasts rather than requiring constant replacement.

- Finally, Andrew Nikiforuk asks how much damage we can expect from another term of the UCP's petrostate populism. But in case anybody is tempted to draw the lesson that there's no alternative but to give into the constant demands of exploitative capital, Cory Doctorow points out that Washington state has offered a valuable example of how a capital gains tax can reduce inequality and fund public services. 

Thursday, January 27, 2022

Thursday Afternoon Links

This and that for your Thursday reading.

- Stephanie Carvin, Kurt Phillips and Amarnath Amarasingam discuss how anti-vaxx themes in Canada are being pushed and used by the fascist right. Alex Boutilier and Rachel Gilmore highlight how the convoy supported by Scott Moe, Jason Kenney, and so many other right-wing politicians is explicitly seeking to create its own January 6th riot and overthrow the federal government. Emily Leedham exposes the conspiracy theories and racism of Moe's new friend Nadine Ness. And a medical officer of health offers some needed tips in responding to targeted harassment by the anti-vaxx cult. 

- Kate Aronoff writes that a return to meaningful public planning is a must to deal with climate change (among other problems which can't be solved by hand-waving in the general direction of "market forces"). And Stephen Leahy discusses the counterproductive realities of tax giveaways to the fossil fuel sector for promised carbon capture and storage. 

- Lisa Friedman reports on new research showing the health consequences of even small levels of soot pollution. And Raymond Zhong reports on research revealing that gas stoves and other appliances may be leaking methane even when not turned on. 

- Finally, Aaron Gordon and Lauren Kaori Gurley report on Amazon-funded high school courses intended to indoctrinate students into an exploitative corporate mindset. And Michael Smart and Sobia Hasan Jafry ask why Canada isn't applying reasonable inclusion rates to capital gains to ensure the rich pay their fair share. 

Monday, November 29, 2021

Monday Morning Links

Miscellaneous material to start your week.

- Jill Lepore writes that the COVID pandemic has left no room for doubt that there is such a thing as society reflecting mutual obligations - and that its decay or subjugation to laissez-faire ideology produces disastrous results for everybody. And Randy Robinson discusses how inequality is resulting in the propagation of child poverty. 

- Fatima Hassan argues that vaccine nationalism only stands to draw out the suffering from COVID, while Peter Walker reports on the efforts nurses' unions are making to remove intellectual property obstacles to increased manufacturing and distribution. Larry Elliot discusses how the Omicron variant in particular shows the problem with leaving large swaths of the globe without access to vaccines. And while Katherine Wu and Kai Kupferschmidt each point out what we don't yet know about the variant, Ewan Birney writes that we shouldn't take that vacuum of knowledge for an excuse to hold off on the action need to limit transmission. 

- Meanwhile, Urbi Khan talks to eight nurses about the damage that's already been done to Ontario's health care system by the pandemic. And CBC News reports on the outbreak of tuberculosis which is devastating Pangnirtung years after a federal campaign was supposed to have put Canada on a path to eradicating it.  

- Lawrence Scanlan writes that people appear to be increasingly willing and eager to take back some power from the wealthiest few. Alan Murray and David Meyer point out the absurdity of granting preferential tax treatment to capital gains when capital is accumulating at unprecedented rates. And David Cay Johnston discusses how the rich further entrenched their power and privilege under the Trump Republicans. 

- But in case there was any thought there's nowhere to go but up in balancing the interests of the wealthy and the rest of us, Dan Fumano reports on the attempt by British Columbia businesses to claim extra votes for corporations in municipal elections. 

- Finally, Robin Sears discusses the lessons Canada could draw from Germany's successful cross-party cooperation if our two main parties weren't so obsessed with politics built around false majorities. 

Friday, January 22, 2021

Friday Afternoon Links

Assorted content to end your week.

- David Brancaccio and Rose Conlon write about the tendency for people involved in deliberately-rigged contests to believe their success is the result of skill rather than manipulation - offering an important comparison to wealthy people who can't sort out luck from merit in their own riches and power.

- Scilla Alleci discusses the prospect that the new year will see the public begin to collect a reasonable share of the revenue currently being sucked up by COVID profiteers and environmental scofflaws. Ian Vandaelle reports on CIBC Deputy Chief Economist Benjamin Tal's recognition that increased taxes on the wealthy are likely - and properly - on their way. And Michael Smart suggests looking to a capital gains tax instead to both increase revenue, and limit the disproportionate accumulation of wealth.

- Supreet Kaur, Sendhil Mullainathan, Suanna Oh and Frank Schilbach examine the effect of financial security on workers, showing that even a modicum of reassurance about cash on hand produces demonstrable improvements in productivity. And Dara Lee Luca and Michael Luca study the effect of minimum wage increases on restaurants, finding that higher-quality businesses do just fine when required to pay a fair wage. 

- Veena Dubal and Juliet Schor write about the need to ensure that gig workers have the same protections available to traditionally-classified employees. 

- But Josh Rubin points out that the effects of the COVID-19 pandemic have been disproportionately felt by lower-income workers, while the already-secure have largely thrived. And Pia Arenata takes note of the health dangers of precarious work as people are forced to risk the spread of a deadly virus for want of other options to support themselves.

- Neil O'Brien highlights why we can't merely ignore anti-social COVID spreaders.

- Finally, Robert Reich discusses the need for radical action to avoid slipping back into the same "normal" which allowed Donald Trump to take power.

Friday, October 19, 2012

Friday Morning Links

Assorted content for your Friday reading.

- In writing recently about employer efforts to intimidate workers into backing corporate-friendly candidates, I figured that the best examples we'd see would come from individual corporate magnates - as the candidates themselves would surely be smart enough not to state publicly that they support having employers dictate their employees' votes. But Mitt Romney has proven me wrong.

- Meanwhile, pogge rightly questions the reality-challenged spin about "union bosses" somehow exercising any power beyond that which workers have democratically voted to authorize. And Timothy Noah comments on the need to start reinforcing the labour movement in order to encourage greater equality.

- Which leads nicely to Miles Corak's discussion of new research as to what kind of policy will best serve to rein in inequality (rather than exacerbating it as the Cons' tax baubles have done consistently since they took power):
Just as interesting are Prof. Veall’s views on the policy implications. He suggests that there is probably not much scope to raise marginal tax rates on the very rich, but favours a broadening of the base:

“… my review of research on tax responsiveness in Canada leads me to believe that ... there is some risk that increases in the top marginal tax rates might raise little or no revenue. If the goal is to increase taxes on those with high incomes, I would argue that the immediate priority should instead be broadening the personal income tax base, particularly eliminating tax preferences that are likely to be taken advantage of by the upper end of the income distribution.”

The preferential treatment of different types of capital income is one of his concerns.
- Plenty of others have pointed with approval to Andrew Coyne's column on the respective merits of institutional and reputational power in Canada. But to me, the most important takeaway is that the prospect that the same respect for principle which gives our independent officers some enduring moral authority can apply in the political sphere as well:
What is interesting is what happens when power collides with principle: when the pack confronts, not another pack, but a determined individual of conscience. Nothing has prepared the pack for this. Faced with someone they cannot frighten, and who does not want anything from them, they are bewildered. All of their normal tactics and approaches are suddenly useless. All of their power turns to dust.
...
As cynical as we may be about our politicians, there is something ingrained in Canadians that honours the individual who will not “be reasonable,” will not “go along,” will not accept that “this is how it has always been done.” That isn’t true everywhere, but it is here. When the call to conscience comes, it finds an echo. But the reason we know what it sounds like is because we have had examples — because of those individuals in our past who have been willing to stand up, alone if necessary, against the power of the pack. 
- Finally, RPIRG has released a report card on social and environmental issues among Regina's mayoral candidates. Insightrix' poll gives us a strong indication which three candidates have a plausible chance of winning. And taken together, the two seem to point to a rather clear choice for Regina's voters.

Friday, January 20, 2012

Friday Morning Links

Assorted content to end your week.

- Environics' polling on inequality shows over 80% of Canadians wanting to see governments reduce the disparity between the rich and the poor - even as the current federal government moves as far as possible in the opposite direction:
More than eight in 10 Canadians suggested their governments have a responsibility to do something to reduce the gap between the wealthy and the rest of Canadians.

When asked whose job it is to address income disparities, a clear majority agreed strongly (52 per cent) or somewhat (30 per cent) that governments should actively find ways to shrink the gap.
- Meanwhile, Matthew Yglesias checks the evidence rather than taking corporatist dogma for granted, and finds that capital gains tax levels look to have little if any effect on actual investment:
Germany started charging capital-gains tax in 2009 and implemented a 25 percent rate on new investments. This seems to have changed nothing at all...

My bottom line is that while I'm not generally a deficit hawk, cutting the capital-gains tax rate without any budget offsets, as the Bush administration did in 2003, is incredibly irresponsible. Capital-gains tax cuts are extremely regressive, so if you really are a big believer in the growth-sparking impact of lower rates, the reasonable thing to do is offset the budgetary impact of the cut with a big progressive hike in ordinary income tax rates. If you're not willing to do that, then you're really just offering rich people a giveaway. Incurring the massive direct dissavings involved in a deficit-financed tax cut in exchange for some very-possibly-not-there incentive effect is crazy.
- And speaking of free money for those who don't need it: yes, the Cons are still planning to funnel an extra billion dollars per year in health-care funding toward Alberta at the expense of other provinces which need it more. And there's absolutely no way the change should be allowed to happen without some serious outcry from the regions that stand to lose out.

- Jennifer Ditchburn points out that the Cons have turned their usual smear tactics toward environmentalists and premiers, while Tim Naumetz reports on the attack ad launched by their "non-partisan" alter ego against Bob Rae.

- Finally, Dan Gardner points out the concept of fundamental attribution error as a reason to take a look at how international relations look from Iran's side.