A lighter regulatory and tax burden would have reduced the number and the length of episodes of poverty in Quebec, shows this study published by the MEI. “The economic literature is very clear: the weight of regulation and taxes has a negative impact on economic growth, and ultimately on social mobility,” explains Vincent Geloso, senior economist at the MEI.
For several years now, a number of observers have noted a slowdown in economic and social mobility in Canada. While some try to establish a link between economic inequality and social mobility (that is, individuals’ potential to improve their lot), the reality is that bolstering economic freedom is a central piece of the puzzle. In this publication, authors Vincent Geloso and James Dean identify barriers to economic and social mobility that could easily be eliminated.
