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Ontario Manufacturing: Myths vs. Realities
Appeared in the National Post Ontario’s chronic budget deficits have been a problem for more than a decade, as they initially surfaced during the early 2000s but came back with a vengeance once the recession struck. Defenders of the status quo argue that ...
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Ontario vs. U.S. Rust Belt: No Excuse for Deficits
Appeared in the Globe and Mail Despite the talk of painful austerity, Ontario’s recent budget continues to bleed red ink. Finance Minister Charles Sousa projects a deficit this year of $8.5 billion, and doesn’t predict an actual balancing of the books ...
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Ontario vs. the US “Rust Belt”: Coping with a Changing Economic World
Since the recession, Ontario has recorded large and consistent budget deficits that have increased the province’s already enormous debt load. According to a prominent narrative at Queen’s Park, policymakers are not to blame for this fiscal trend because ...
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Economic Principles for Prosperity
Often when people talk of prosperity, they are thinking just about money. Money is a one aspect of prosperity, but only one. Prosperity also includes a robust job market where employment is available and opportunities for advancement abound, an employment ...
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The Economic Costs of Increased Marginal Tax Rates in Canada
Economists often focus on marginal tax rates (the extra tax an individual (or firm) will owe to the government for engaging in a little more of the taxed activity) as particularly important for altering economic behaviour. The marginal tax rate is ...
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Tax Payers and Tax Takers
The traditional definition of tax progressivity is being rewritten and this change could have serious ramifications for democratic decision-making. Up to now, tax progressivity has meant that, as an individual or household earned more income, they not ...