There are good reasons to raise the minimum wage, and good reasons to explore other options. What’s your take?
The debate continues…
Five years ago, the Flaherty-Harper government introduced income splitting for pensions. Designed to benefit only higher income earners, in 2009, 84% of the people who benefited were men.
If the boom has not led to a marked increase in inequality, the same cannot be said for government policies. They markedly increased our levels of inequality.
Between 2005 and 2009 assessed incomes in Newfoundland and Labrador increased by 49%. The boom we are experiencing is without precedent in Canadian history, but it is also exceptional for a quite different reason.
In 2008, public subsidies to private pensions cost us $186 million.
If the wealthy amongst us, those in the top income bracket, had continued to pay their taxes at the rates prevailing in 2006 there would not have been a deficit in 2009.