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  • Ontario's middle and working class families are losing ground August 15, 2017
    Ontario is becoming more polarized as middle and working class families see their share of the income pie shrinking while upper middle and rich families take home even more. New research from CCPA-Ontario Senior Economist Sheila Block reveals a staggering divide between two labour markets in the province: the top half of families continue to pile […]
    Canadian Centre for Policy Alternatives
  • Join us in October for the CCPA-BC fundraising gala, featuring Senator Murray Sinclair August 14, 2017
    We are incredibly honoured to announce that Senator Murray Sinclair will address our 2017 Annual Gala as keynote speaker, on Thursday, October 19 in Vancouver. Tickets are now on sale. Will you join us? Senator Sinclair has served as chair of the Truth and Reconciliation Commission (TRC), was the first Indigenous judge appointed in Manitoba, […]
    Canadian Centre for Policy Alternatives
  • How to make NAFTA sustainable, equitable July 19, 2017
    Global Affairs Canada is consulting Canadians on their priorities for, and concerns about, the planned renegotiation of the North American Free Trade Agreement (NAFTA). In CCPA’s submission to this process, Scott Sinclair, Stuart Trew and Hadrian Mertins-Kirkwood point out how NAFTA has failed to live up to its promise with respect to job and productivity […]
    Canadian Centre for Policy Alternatives
  • What’s next for BC? July 4, 2017
    Five weeks ago the CCPA-BC began a letter to our supporters with this statement: “What an interesting and exciting moment in BC politics! For a bunch of policy nerds like us at the CCPA, it doesn’t get much better than this.” At the time, we were writing about the just-announced agreement between the BC NDP […]
    Canadian Centre for Policy Alternatives
  • Could skyrocketing private sector debt spell economic crisis? June 21, 2017
    Our latest report finds that Canada is racking up private sector debt faster than any other advanced economy in the world, putting the country at risk of serious economic consequences. The report, Addicted to Debt, reveals that Canada has added $1 trillion in private sector debt over the past five years, with the corporate sector […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

Another push for jobs by shifting the tax burden on workers…

… in Portugal.

Portugal’s Prime Minister announced on Friday that the government would raise workers’ social security contribution rates from 11% to 18% (about one month’s salary)… and decrease companies’ contribution rates from 23.5% to 18% in the same breath. The usual need for job creation is invoked as justificaion for the move… an interesting claim, especially in light of the current debates about “dead money” in Canada… It’ll be interesting to see if the Portugese government is more successful than the Canadian one in inducing investment from its corporations.

(To be fair, the government announced that it would also raise taxes on corporations and the rich (while taking away one month of public workers’ salaries). Rates are still to be announced, though, so the actual distribution of the burden remains to be seen.)

Enjoy and share:

Comments

Comment from Cuisine Minceur
Time: September 9, 2012, 6:20 am

This austerity obsession is hard to understand. It is like a kind of economic anorexia — the more decision-makers starve their economies, the more they believe they are rolling in fat. Except the decision-makers themselves are more like Stalin, blaming the “peasants” for their lack of productivity, because the alternative is to admit that their whole belief system is utterly flawed.

Comment from John Richmond
Time: September 12, 2012, 8:08 am

Is the austerity agenda hard to understand? It is about creating a leaner, meaner version of neo-liberalism, which if you believe in capitalism to begin makes a lot of sense (within its own self-referencial logic). I am reminded of what Brecht said about the government of the GDR, “If the government has lost faith in the people, maybe the government should elect a new people.”

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