Warn that failure to tax income trusts, dividends and capital gains will generate huge deficit in social services, while inequality grows.
(Toronto) January 17, 2006 -- Sixty six economists have signed a statement warning that the tax breaks being offered by the major parties will leave a huge deficit in social services and contribute to greater inequality in Canada. The group endorsed the Call to Action issued by the Vote for a Change Campaign, whichrepresents over twenty major organizations including the Anglican Church, the Council of Canadians and the Canadian Labour Congress.
“By failing to tax income trusts, reducing the tax on dividends, and virtually eliminating the tax on capital gains, Martin and Harper have rewarded the wealthy and punished the poor” says David Langille of the Centre for Social Justice. “It means taking money from needy Canadians – money that could have been spent improving our health system, making education more accessible, renewing our crumbling infrastructure, or reducing poverty in Canada and around the world.”
“These measures will lead to stark and growing inequalities of income and wealth in Canada. Even the US under Bush has a federal estate inheritance tax to reduce inequalities between generations,” adds Toby Sanger, an economist with the Canadian Union of Public Employees.
read more in :http://voteforachange.ca/?q=economists
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