Taxing the Ultra Wealthy Can Save the Planet

A wealth tax could be a way to not only address inequality, it’s also a way to reduce the damage done to the planet by greedy billionaires. Oxfam looked into the investments that the ultra rich hold and found that their investments alone do more damage to the planet than the entire nation of France. By introducing a wealth tax it would force the ultra wealthy to streamline their holdings and force them to think better about where they put their money. Let’s tax their obscene wealth and ban their private jets!

Researchers made the calculations by starting with a list of the 220 richest people in the world, according to the Bloomberg billionaire list from August 2022. They worked with a data provider to identify what percentage of each company was held by the billionaires and the scope 1 and 2 emissions of these corporations. The researchers used analysis by Bloomberg for detailed breakdowns of the sources of billionaire wealth to calculate what percentage of each company was owned by the billionaires. They excluded billionaires with less than a 10% share in a business. The research was limited because it was reliant on data that companies publish themselves, which is often not externally verified.

“Each of these billionaires would each have to circumnavigate the world almost 16m times in a private jet to create the same emissions,” the report said – adding that almost four million people would have to go vegan to offset the emissions of each of the billionaires.

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Living Wage Canada Releases New Rates, Annual Calculations

conversation

It’s one thing to have a job, it’s another thing to have a job that pays you enough to participate in society. Canada’s minimum wage, like most places, doesn’t match the reality of what a person needs to earn to make a living (thus people say minimum wage deserves minimum effort). Despite this unfortunate starting point, Living Wage Canada has found a way to streamline for both employers and employees what to expect an hourly minimum rate should be. As a result, the organization makes it easier for employers to be a certified living wage employer and will make it simpler for workers to know what to ask for.

The living wage movement in Canada stemmed from conversations around child poverty in the early 2010s. One major contribution to child poverty is parents who are working but still not able to make ends meet. Because of this focus on children the living wage was originally calculated for a family of four with two working parents. At the time, testing showed that the living wage rate for single parents with one child and single adults were fairly close to that of the reference family of four. However, over time, the living wage rates for these different household types have grown. The introduction of the Canada Child Benefit in 2016 by the federal government lowered living wage rates across the country. In 2019, the provincial government in Ontario introduced the CARE credit, which offers additional support to households with children.

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Thanks to Delaney!

Protests Work: Ontario to Repeal Anti-Worker Legislation

Last week the Conservative Ontario government did what was previously unthinkable in Canada: take away charter rights from people who work. This unprecedented act was met with widespread opposition from unions coast to coast as the Conservatives made it clear that collective bargaining (like NHL and MLB players have) will no longer be respected. People said no and launched massive protests defending worker’s rights and now the weak Conservatives admitted they were wrong and will repeal their legislation.

Protesting works and don’t let anybody try to convince you otherwise.

“(Workers) took on the Ford government and the government blinked,” said CUPE national president Mark Hancock.

Opposition to the law had been gathering steam over the past several days and the unions used the press conference to give Ford a glimpse of what he faced had he not promised Monday morning to repeal the law.

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Unionized Workers Earn $1.3 Million More

artistic image of workers striking
Unions improve the working conditions across the board for any industry they are in, plus when unions work together they can inspire mass change. Anti unionists argue against unions because members have to contribute dues which, they argue, lowers total earnings. This is a flat-out lie. Researchers at Cornell University have concluded that unionized workers earn a cumulative 1.3 million USD more than non-unionized workers in the same field. The next time somebody argues union dues lower the take home pay, show them this study.

Studies on labor union earnings premiums generally investigate their size through point-in-time estimates. This study posits, by contrast, that point-in-time estimates of the union premium overlook the cumulative earnings advantages of long-term, persistent union membership. Using a sample of men from the Panel Study of Income Dynamics from 1969 to 2019, the authors investigate how lifetime union membership contributes to earnings advantages. They find, first, that unionization throughout one’s career is associated with a $1.3 million mean increase in lifetime earnings, larger than the average gains from completing college. Second, the lifetime earnings gains are channeled entirely through higher hourly wages and occur despite earlier-than-average retirement for persistently unionized men. Third, the union wage premium is not constant throughout a worker’s career; instead it increases with more years of union membership. The cumulative advantages of union membership for workers’ economic well-being are far greater than point-in-time estimates suggest.

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Strikes Work for Everybody: How We Got Maternity Leave

Presently in Ontario the Conservative governemnt has used “the nuclear option” to take away rights from workers. Not going to lie: it’s really bad, like Canadian Charter of Rights are no longer relveant bad.
The union the government is picking on is primarily made up of women and many of them aren’t even earning a living wage. The Conservatives want to pay them less and are fining them more than a month’s wage everyday they’re on strike.
Where’s the good news?
Histrorically labour actions make the working world better for everyone. Given how much damage the Conservatives have done to the averaging working person in the province we have nowhere to go but up. Just like back in 1981. One union’s strike brought the entire country of Canada maternity leave.

With negotiations going nowhere, CUPW went out on strike. Their demands were multifaceted, but maternity leave was singled out by capital, media, government, and the public.[3] In turn, maternity leave was deemed egregious, unnecessary, and even greedy. Risking it all, postal workers and their allies fought for forty-two days and won. Their victory reverberated across Canadian society. Other unions quickly followed suit and, before long, the government institutionalized and expanded maternity leave to equalize the playing field. What started out as a gain for postal workers quickly turned into a gain for all Canadian women.

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