Committee On Monetary and Economic Reform

03/27/2026

Record-breaking pay for CEOs won't come as a surprise to anyone paying attention. When prices go through the roof and so do corporate profits and CEO paycheques, you know it's not inflation eating our money, it's the rich.

https://www.policyalternatives.ca/news-research/living-the-high-life-a-record-breaking-year-for-ceo-pay-in-canada/

Unfortunately the Canadian Centre for Policy Alternatives' "solutions" completely miss the point and are rooted in the same neoliberal ideology and capitalist system that led to exorbitant CEO pay. Taxation is not a policy alternative, it's just tinkering with the mechanisms of the existing system.

Increasing taxes on the super rich is pointless if the mechanisms by which they can exploit people to extract wealth are still in place. The rich still receive the money, then have a chance to hide it and avoid as much taxation as possible. Then whatever does get taxed, we must rely on the government, run by the political elite who serve the rich, to equitably redistribute the wealth. The same political elite who set up the system to allow the super rich to increasingly exploit to maintain and expand their wealth on the backs of everyone else.

More importantly, whether the US or Canada, we are monetarily sovereign, the feds can spend whatever they want to help the public without needing a dime in taxes or borrowing, so we need to give up the fiction that we require the tax dollars of billionaires to afford better things. We can already afford anything the feds choose to spend money on.

We're not saying we shouldn't tax the rich more, but don't be fooled into thinking it changes anything. Taxing the rich more doesn't lower prices, it doesn't raise wages, it doesn't put money back in people's pockets nor does it reduce the monopoly power of the rich. The solution is NOT taxation, it's transitioning into a system where it's not possible to exploit people to become super rich in the first place.

By 9:23 a.m. on January 2, 2025 Canada’s 100 highest-paid CEOs had made what the average worker will make all year

03/25/2026

The neoliberal turn in Indigenous relations under Carney is no surprise. Rather than recognizing the lack of economy on Inuit lands is a direct result of policies of oppression and genocide, Carney is requiring a business case for further investment to ensure there is a likelihood of economic benefits beyond that of, you know, improving the living conditions of Indigenous peoples.

https://sizone.org/R/parse2.php?r=https://toronto.citynews.ca/2026/02/08/inuit-not-sure-where-they-fit-into-carneys-economic-defence-agenda-itk-president/

03/24/2026

Leaving out money too!

03/24/2026

Growth wouldn't matter if we stop chaining ourselves to an economic system that requires infinite exponential growth or it collapses, instead of a system that ebbs and flows as nature does.

https://sizone.org/R/parse2.php?r=https://www.thestar.com/business/canadian-economy-sees-slowest-growth-since-2020-as-trump-tariffs-curb-exports/article_1f27bee6-665c-40c8-9ca2-5faeab7f23e0.html

03/23/2026

The real purpose behind back-to-office policies is not productivity, or improving business conditions in downtowns, but to prop up the flagging office space industry that is heavily invested in.

https://sizone.org/R/parse2.php?r=https://www.cbc.ca/news/politics/federal-government-return-to-office-9.7076314

03/21/2026

While this article raises many valid points about the future problems with a lack of pensions, being the pro-corporate neoliberal FP of course it misses the mark on the source of the problem and the solution.

https://sizone.org/R/parse2.php?r=https://financialpost.com/news/canada-pension-gap-threatens-retirement-security

The source of the problem is employers, in particular publicly-traded corporations, have no interest in forking out the expense of a workplace pension plan. They are in it to make money, and not offering pensions helps that.

Ironically, the article grazes the solution in talking of federal support for workplace pensions. So why use federal money to absolve employers of responsibility when you can just put that federal money directly into a better CPP? Clearly we cannot rely on private employers to provide adequate pensions, so it falls to the government to ensure retired people don't fall through the cracks.

There's also a hidden aspect to pensions, to grow their fund they feed into the global casino of financial markets. OMERS and the Ontario Teacher's Pension are some of the biggest in the world, and that's because they are massive institutional investors, often investing in questionable projects, like profiting off infrastructure in developing countries. Requiring investment in volatile and inequitable financial markets is no basis for securing one's future income.

A productive member of society who worked and paid taxes their entire life into the system should be able to rely on that system in retirement without needing any savings to pay for the basic cost of living. Luxuries in retirement will require savings, but the basics should be covered by CPP and OAS. It's the least the feds can do for the workers that generated economic activity that profited our corporations.

03/19/2026

Making Canadians file their taxes just to have the CRA turn around and do all the work over again has always been silly. While there are free and useful applications to file returns, low income and new Canadians aren't typically filing returns at all. The feds should offer the ability to autofill and submit your tax return through an online form in one's CRA profile. If a person has complex taxes that require hiring a professional that's their business, but the vast majority of people are ignorant of just how simple taxes can be when provided the right software to make basic filing easy.

https://sizone.org/R/parse2.php?r=https://theijf.org/brief/tax-filing-prep-software-autofile

03/17/2026

REITs are the most parasitic entities of the investment world, profiting from the human right of housing and driving inequality, and should be banned.

https://sizone.org/R/parse2.php?r=https://www.theglobeandmail.com/investing/markets/inside-the-market/article-barlows-research-roundup-good-upside-ahead-for-these-reits-says-a-rbc/

03/15/2026

Wouldn't it be the height of irony if AI analysis of tech stocks caused the downfall of investment in AI. Seems AI knows its own lack of value, especially considering the immense cost of AI centres.

https://sizone.org/R/parse2.php?r=https://www.theglobeandmail.com/investing/article-us-software-stocks-tumble-sparks-concerns-that-ai-trade-is-reshaping/

03/13/2026

We do not endorse this document nor the recommendations therein, but are posting it as a prime example of neoliberal corporate greenwashing propaganda that completely overlooks the negative impacts of resource extraction, in particular LNG.

It inadvertently reveals one of the true reasons for the Site C Dam, it wasn't for supplying electricity to cities and towns, it's all about supplying it for more destructive LNG extraction. It never once mentions fracking nor the consequences. You will also note that the entire document is theoretical, constantly using words like "it may", "it could", "it might", etc.

The ONLY impacts this is supposed to have are on carbon emissions, and those are not as worrisome as the myriad other negative effects on the environment.

https://ppforum.ca/publications/refuel-lng-oil-exports/

03/11/2026

This article and its fear mongering are the classic claims of neoliberal economists. But it reveals quite a bit about the farce of our economic and monetary systems.

https://sizone.org/R/parse2.php?r=https://www.ctvnews.ca/business/article/canadas-economy-is-on-life-support-and-country-is-in-recession-says-economist/

Firstly, this is what happens when you structure your system to require infinite exponential growth that comes up against secular stagnation, a natural ebbing of the economy. Nothing in nature grows without limit, everything ebbs and flows... except the economic and monetary system humans have invented. A recession is not bad, it's just an ebb, it's only bad for investors and banksters because the system they've been indoctrinated by isn't designed for that. Deflation and degrowth is kryptonite to this system.

The stats also belie the baseless logic of monetary policy:

"“It’s clear to me, unless the policy lags are just a lot longer this time around, that this is what 275 basis points of bank Canada rate cuts delivers: the grand total of one per cent growth economy,” David Rosenberg, chief economist and founder of Rosenberg Research, told BNN Bloomberg."

There never was a policy lag, there is no actual proof monetary policy does what it's supposed to do. Low interest rates can spur economic growth simply because borrowing becomes cheaper, but if the demand isn't there no amount of lowering rates is going to change what is ultimately driven by population growth, which has been lowering the world 'round since the 70s and is predicted to contract in the next 20 years. Economists seem completely oblivious to this fact, and stubbornly keep parroting the same baseless neoliberal assumptions.

If we do not transition into an economic and monetary system that can ebb and flow as nature does, the powers that be are going to drag us into their neoliberal death trap and collapse the system as we know it.