Alberta Diary: Waitin’ for the end of the world … Hear, O Ontario! Mr. Manning will be with you momentarily

Preston Manning readies himself before the mirror of his Seventh Floor office at the Prophetic Market Institute in Calgary, the Calgary skyline in the background obscured by a June rainstorm, one of those June rainstorms, as he ponders the frightening meaning of last Thursday’s Ontario election. Actual Alberta market fundamentalists and the names of their ...

Politics and its Discontents: TruthDig For A Different Kind Of Truth

I recently wrote a couple of blog posts on Warren Buffett and the need for higher taxation of the very wealthy, an idea that is gaining currency in a number of countries, including France and Spain, the latter actually recently imposing a new tax on the wealthy. While conventional news formats are reluctant to pursue ...

Politics and its Discontents: Increased Taxation Of The Rich In Spain

Having written previously on the logic and desirability of increasing taxation on the wealthy, I was heartened to learn that Spain recently increased its rate for those with real estate assets (excluding their principal residences), stocks and bank holding of more than 700,000 Euros annually. It is expected to raise revenues of about €1.08 billion ...

Politics and its Discontents: Taxpayers Versus Citizens

It probably doesn’t take a genius to understand the basic philosophical and fiscal difference between the moderate and the right-wing is that the moderate recognizes the needs of the collective, i.e., the entire society, while the right-wing gives precedence to, indeed exalts, the individual. The traditional moderate’s view on taxation accepts the progressive model, whereby ...

Politics and its Discontents: The Timidity Of The Ontario NDP

I wrote earlier this month about the growing call from certain monied sectors for an increase in their personal taxation rates, arguing that they are not paying their fair share to support the country in which they grew and prospered. That plea, as noted earlier, is being egregiously ignored by all political parties, including Ontario’s ...

Politics and its Discontents: Why Higher Taxes For The Ultra-Wealthy Is Truly Progressive Taxation

Back from my annual retreat from technology, I’ve had the opportunity to do a bit of thinking within a relaxing environment. The following is one of the things I’ve been thinking about: Current political orthodoxy suggests that income tax increases are a thing of the past, and that only by continuing to reduce the tax ...