Showing posts from April 15, 2016

The Leap: Time for a reality check

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[You will see a lot of baloney spouted about the NDP Leap Manifesto, especially in BC prior to the 2017 election. Print this article out and keep it handy for when you read the claptrap that Christy Clark has already begun to spread around 'Liberally.' *RON*]

By Naomi Klein,, 14 April 2016

Well, the Leap is certainly in the news. Many articles have been filled with errors and misrepresentations, which isn't surprising. It makes perfect sense that right-leaning publications and competing political parties would seek to bury the NDP at a time when it is engaged in a process of open soul-searching. We should expect more, however, from commentators on the left.

One article from David J. Climenhaga, an important progressive analyst on Alberta politics, echoes much of the criticism heard in recent days from friends in that province. Because of this, I have decided to respond, point by point, to his attack on the Leap. While Clime…

Why The Panama Papers Are A Feminist Issue

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[Those at the top of the economic pyramid benefiting from using tax havens are overwhelmingly male while those who are worst impacted by the consequences of tax dodging are the world's poorest, who are disproportionately women and girls. *RON*]

By Chiara Capraro and Francesca Rhodes, openDemocracy / Huffington Post, 14 April 2016
Those shifting and hiding their wealth are failing to pay back into the "care economy' -- the people who produce and reproduce the workforce of today and tomorrow.

The world is talking about tax this week, so here's another tax story for you. Asana Abugre has a small shop in Accra, Ghana where she makes and sells batiks and tie-dyed textiles. Asana pays her taxes regularly. Women like her, working in markets across the city, sometimes pay up to 37 per cent of their income in tax. Tax collectors come to their shops to collect taxes, and there is no chance of them not paying, regardless of how little money …

Stephen Poloz: Risk Of A Second Great Depression Hasn't Receded

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[He knows that the monetary policy cupboard is bare. "We're fortunate in Canada that we have that fiscal capability right now to actually shift our mix that way, as the government has done ... This is exactly the setting where fiscal policy is its most effective and it's also where monetary policy is its least effective.'' *RON*]
By Andy Blatchford, Canadian Press / Huffington Post, 15 April 2016
OTTAWA -- Stephen Poloz talks like a man who's had a weight lifted off his shoulders.

Eight years after the financial crisis, the Bank of Canada governor believes much of the pressure that pushed world toward a second Great Depression remains present -- and that central banks need help to ease it.

Help -- like increased spending, a Trudeau government hallmark that Poloz happens to believe is necessary to help policy-makers like himself grapple with the negative effects of the still-fragile global economy, he told The Canadian Press…

21 things you may not know about the Indian Act

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[Most of these provisions no longer apply, but this gives a very clear picture of the historic intent of government policy toward Aboriginal people. To see how little this has changed, see also: Jean Chr├ętien comments on Attawapiskat 'fundamentally wrong,' indigenous studies prof says. *RON*]

By Bob Joseph, CBC News, 14 April 2016
The Indian Act has been a lightning rod for criticism and controversy over the years, widely attacked by First Nations people and communities for its regressive and paternalistic excesses.

For example, Status Indians living on reserves don't own the land they live on; assets on reserve are not subject to seizure under legal process making it extremely difficult to borrow money to purchase assets; and matrimonial property laws don't apply to assets on reserve.

The act has also been criticized by non-Aboriginal Peoples and politicians as being too paternalistic and creating an unjust system with excessive …

US corporations have $1.4tn hidden in tax havens, claims Oxfam report

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[Class wars. It doesn't take a genius to see that austerity could evaporate overnight if this money was brought back on-shore and taxed. "Oxfam contrasted the $1.4tn held offshore with the $1tn paid in tax by the top 50 US firms between 2008 and 2014. It pointed out that the companies had also enjoyed a combined $11.2tn in federal loans, bailouts and loan guarantees during the same period." *RON*]

Rob Davies, The Guardian, 14 April 2016
US corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax havens, despite receiving trillions of dollars in taxpayer support, according to a report by anti-poverty charity Oxfam.

The sum, larger than the economic output of Russia, South Korea and Spain, is held in an “opaque and secretive network” of 1,608 subsidiaries based offshore, said Oxfam.

The charity’s analysis of the financial affairs of the 50 biggest US corporations comes amid intense scrutiny of t…

Why We Should Tax and Shame Excessive Corporate Lobbying

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[Claims by the few can't be validated when the claims of the many are structurally omitted from the whole dialogue. "In practice all too many of those in charge of business… proclaim their rights to own and control re-sources, but see no responsibility for those who suffer from their business decisions." H. Tam (1995) Communitarianism. *RON*]

By Luigi Zingales

We need not only more disclosure, but also more work in alerting people in general (and students in particular) about the distortive effects of lobbying and the extent to which it takes place.

“To petition the Government for a redress of grievances” is a right inscribed in the First Amendment of the U.S. Constitution. This right equally belongs to individuals, organizations, and corporations. Thus, a CEO has the right to use corporate resources to petition the Government for a redress of any grievance her company might have. But does this right translate into an obligation? Does…