The-14Feb 25
Canadians aren’t imagining the cost-of-living crisis
#Canada #CostOfLiving #EconomicJustice #WageCrisis #HousingCrisis #Inequality #LabourRights #PrecariousWork #MiddleClass #Inflation #PublicPolicy #Poverty #Housing #RentCrisis #Employment #SocialJustice
https://the-14.com/canadians-arent-imagining-the-cost-of-living-crisis/
Canadians aren’t imagining the cost-of-living crisis | The-14

New data show Canada’s cost-of-living crisis is real, driven by wage insecurity, housing costs and inequality, not perception or social media hype.

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Ferdi MagellanFeb 20, 2023

Scrap stage three tax cuts. They are regressive. Why must the poorest pay to fix inflation?
Here’s #AlanKohler. I like the cut of his jib.
“…it is perfectly clear that there is no obvious economic benefit from lower taxation, and if anything, the reverse applies.
“Why is that? Well, that seems pretty obvious to me: Education and health care are far more important to economic growth than how much money the professional and business classes get to keep of what they make.
“I doubt this information will ignite a light bulb above any political head, followed by the return of a 67 per cent top marginal income tax rate.
“In fact, the Labor government has even promised to keep the Coalition’s Stage 3 tax cuts, which make the tax system less progressive, not more, so even Labor is on board with the myth that lower taxes promote growth.
“But Philip Lowe has raised the concept of inequality, and he should keep at it.”

https://thenewdaily.com.au/finance/2023/02/20/rba-interest-rates-kohler/

#auspol #WageCrisis #Economics #JimChalmers

RBA defence of interest-rates highlights the truth about inequality

The first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.

The New Daily