21 Apr 2022
The current approach to economic stimulus (providing large amounts of money to certain institutions in the hope that it will eventually lead to increased lending and so the expansion of businesses and the creation of jobs) is not effective. It gives an advantage to a specific sector of our economy by allowing the financial sector to shape the economy of Canada more broadly. The economy will only recover when people have secure jobs and enough money to live, spend in the economy, and invest in their pensions and savings. Making large numbers of people redundant in the hope that the private sector will simply create jobs is not the right course of action. We will advocate a more direct approach to economic recovery and creating jobs.
Canada faces a number of challenges, from a lack of social housing to poor transport and communications links, that could be dealt with by initiating infrastructure projects. The product of such infrastructure projects would provide a long term benefit to Canada and stimulate future growth. We could launch a national fibre campaign including fibre to the premises, establish a national high speed rail and make Canada a world leader in renewable energy. This will allow us to reduce unemployment and provide skills to people who have lost jobs in other parts of the economy.
21 Apr 2022
Directors of large public companies should have a personal liability for their actions and decisions. This move will ensure that there is a greater personal incentive for the leadership of large business beyond a short term financial incentive.
21 Apr 2022
We believe that patents exist to reward the inventors of truly outstanding ideas, not to allow big businesses to stifle competition with an ever-growing tide of trivial, incomprehensible, overreaching patents.
We will stop the abuse of patent law by raising the bar on how innovative an idea has to be before it can be patented, and by prohibiting patents on software, business methods, concepts and works of nature.
We will require a working model to exist before a patent is granted and we will strictly enforce the current rule that patents are invalid if they are “obvious to someone skilled in the art”.
We will allow and encourage more competition in the manufacturing of patented devices by introducing a system of compulsory patent licensing, and we will provide exemptions to patent law for non-commercial use, personal study and academic research.
21 Apr 2022
There are continuous debates about the specifics of tax brackets as well as arguments around when they should be increased or lowered. We will propose a scheme whereby income tax brackets and personal allowances are calculated as multiples or fractions of the median income and float with the economy. As the economy improves, more people on low incomes would be removed from the tax system; if the economy deteriorates taxes increase for all, but with a smaller impact at the bottom of the income scale. Individuals earning less than half of the national median income will not pay income taxes.
20 Apr 2022
Today, any person with an internet connection and enough motivation can start a business. From ebay to etsy from fivvr to web development making money online has never been easier.
We need to fix that tax system to make it easier for young and non-business people to pay their taxes properly.
