A wealth tax would raise badly-needed revenue. More importantly, it could reduce the fortunes—and power—of billionaires
In 2008, just after the election of Barack Obama, the two of us were trying to peddle an idea for a book decrying the rise of billionaires. A New York publisher told us he loved our proposal but it came too late. With Obama’s election, he said, the super-rich would soon be hit by steep taxes that would start depleting their fortunes. Their day in the sun was done.
Ace researchers dropped two blockbuster reports on us last week. The first — from the UN Intergovernmental Panel on Climate Change, the IPCC — hit on Monday with a worldwide thunderclap.
In recent weeks and months, the Liberal government has made one large transit announcement after another. It is clear that election time is on the horizon.
A lot of these announcements around new projects are welcome too for if we are going to expand our transit system, we need to have reliable capital dollars to do it. One thing has been made abundantly clear throughout this pandemic: money for projects alone is not enough. Transit systems need funding for operations too.
Make no mistake: the simultaneous crisis of inequality and climate is no fluke. Both are the result of decades of deliberate choices made, and policies enacted, by ultra-wealthy and powerful corporations.
Both our economy and the environment are in crisis. Wealth is concentrated in the hands of a few while the majority of Americans struggle to get by. The climate crisis is worsening inequality, as those who are most economically vulnerable bear the brunt of flooding, fires, and disruptions of supplies of food, water, and power.
Who has more power than Shell Oil? This is one of the first questions a climate activist should ask themselves, because without finding an answer, we can’t win.
Despite committing to net-zero by 2050 earlier this year, the Ontario Teachers’ Pension Plan (OTPP) is upping its stake in the United Kingdom’s second-largest gas network.
Vancouver, BC – Today, in a multi-city action, locked out Hilton Metrotown workers and their supporters across the country urged South Korea’s Ambassador to Canada to intervene in the growing dispute with a Seoul-based hotel owner. The workers, who have been locked out for over 100 days, called on South Korea’s Ambassador, Keung Ryong Chang, to engage members of the prominent and politically connected family that owns DSDL Co., the owner of Hilton Metrotown.
More than two-thirds of Canadian fossil fuel workers are interested in jobs in a net-zero economy, 58% see themselves thriving in that economy, and nearly nine in 10 want training and upskilling for net-zero employment, according to a groundbreaking survey released last month by Edmonton-based Iron & Earth.
