Taxation

Wealth Taxes End Up Hurting Main Street

The idea of a Canadian wealth tax continues to inspire certain politicians and activists. Less than two weeks ago, the Parliamentary Budget Officer again responded to a request from a member of the House of Commons regarding the cost of such a tax. As recently as July 13, 2020, the media reported that heiress Abigail Disney and others of the “super rich” were calling for the introduction of a wealth tax to finance COVID-19 assistance measures. This publication highlights the inefficiency of this kind of tax, and the fact that it is less well-off taxpayers who pay for it in the end.

Ending the Lockdown Depression

Lockdown measures were put in place hastily and, apparently, without considering their economic and social costs. In this publication, researchers attempt to quantify the impact of lockdown measures.

Principles for Responsible Government Relief During a Crisis

The economic catastrophe due in large part to physical distancing measures has led the various levels of government to implement relief measures. This MEI publication provides a critical look at the relief measures currently in effect all while identifying the principles that should guide government action. The researchers notably observe that measures aiming to preserve employment links, like wage subsidies, are the most conducive to rapid economic recovery.

The Lessons to Be Learned from Past Pandemics

In addition to a health crisis, the coronavirus pandemic raises concerns about an economic crisis. While several commentators draw parallels with the Spanish influenza, this MEI publication analyzes the economic lessons that should be learned from this historical episode.

Why Canada Does Not Need a Marshall Plan

More and more people are arguing in favour of a kind of “Marshall Plan” of government intervention after the coronavirus crisis. MEI Fellow Peter St Onge argues that Canada needs the exact opposite.

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