Tag Archives: income

(1300) CEOs open letter on BI


Here’s a link to that open letter from the people managing something like one point eight  billion dollars worth of the national economy.  Contrast the thinking behind their interest in universal basic income with that other item from same news cycle in which we find Tory/neoliberal playa Patrick Brown (MPP, Simcoe North) needed three hundred grand for his office expenses for two months.  This man is part of an AUSTERITY government.  One that just foisted a hospital cancellation on Brampton,  one of the fastest growing cities in Canada, among other things.
What a curiosity these times are.  Firstly that a right wing government member can be a hog wild spender with a robotic interest in power who also projects a surface interest in fiscal probity and professionalism mainly expressed through talking like a businessman.  Secondly, the actual business managers are, here, in the role of social conservation.
Are these times in which the messages are mixed?  You fucking bet they are.
CEOs open letter on basic income test pilot
cesoforbasicincome.ca
image: Joe Brusky via Flickr/CC

(1292) Ontario basic income pilot cancellation


If Ontario’s new Drug Ford government thought they could just cancel a large scale test of a basic income program and everybody would just forget about it they may be disappointed.  What an embarrassment.  Where’s all this business intelligence Ford is supposed to have?  Poverty is bloody expensive and Ford gave indications during the election campaign that the pilot would be respected.  This cancellation represents a total poverty of imagination and total failure to embrace reality and deal with complexity.
A buck a beer?  Go fuck yourselves.  One of their own party elders wrote the paper the test is based on.  Senator Segal is quite eloquent here on CBC regarding the cancellation.
Scrapping basic income pilot ‘horrific,’ former Tory senator says
cbc.ca/news
image: HiMY SYeD via Flickr/CC

(1264) Sears & loathing in Davos


The work of folding slacks, swiping credit cards and stocking shelves was enough to keep Sears going in Canada as a profitable, dividend-paying and executive bonus-giving retailer for decades.  Then management decided to pack it all in.  Emperor Justinian, representing us at Davos, seems to think it’s all pretty much okay, including the company leaving behind a whopper of a deficit in its pension plan.
Will 16,000 Sears Canada retirees see their pensions?
thespec.com
Trudeau suggests EI for Sears workers who risk losing pensions
huffingtonpost.ca
Image: Mike Kalasnik via Flickr/CC

(1258) CEOS 2018 blowout


Before lunch yesterday the top 100 or so members of the executive class would have blown past the yearly average pay for a Canadian worker.  Through the cost to the public of goods and services we pay for this.
Just like last year…
It’s official: Canada’s richest CEOs pocketed the average worker’s annual income before lunch today. Are Canada’s high-rolling corporate bosses really 209 times more valuable than the rest of us?
pressprogress.ca
image: Vlad Podvorny via Flickr/CC

(1234) On the lighter side…


”Action is what matters.” -Gene Simmons, 2017

Two comic efforts at understanding North American economic reality brought some laffs to the suburban-poverty.com bunker complex this week.  Unintentionally hilarious, but no less instructive for that, is a hot new self help book from KISS front man Gene Simmons. The second, a sharp strike from Rick Mercer.
To understand Gene’s book, picture an elevator shaft as black as On Power’s faux leather cover at the bottom.  Ayn Rand chugs a mickey of rye whiskey on an empty stomache, takes two or three hits off a crack pipe and tosses herself down the elevator shaft.
Mercer’s rant about Ontario’s coming move to a higher minimum wage is a little more to our liking.  Together, the two efforts tackle powerful myths about life here.
editor’s note: let’s give Gene props for urging us to read books and self educate.  He’s right, there are no excuses when all the knowledge of the world is available to us on the screens in our hands.

(1231) Stockton, CA

Stockton, California did a post-2008 crash-and-burn rivalled perhaps only by Detroit in terms of American municipal financial disaster.  By embracing an economy built on minimally regulated suburban real-estate development and low taxes the city of about three hundred thousand in the San Joaquin Valley ran maximum risk with its economic health.  The result?  Maximum bust.
Stockton, CA: one of America’s most miserable cities just got more miserable
forbes.com
All the woes of America from foreclosures to rising crime and obesity and declining schools seem to beset Stockton and grip the city in a depressing vice.  A new mayor, however, has begun to reconceive Stockton with a modest basic income program as part of his plan for trying to move things forward.
Three years ago, Stockton, California, was bankrupt. Now it’s trying out a basic income. A city on the outskirts of Silicon Valley is using Facebook money to fund a basic income trial
vox.com (numerous links)