Taxation

Paul Summerville • March 6, 2016

What I’m listening to. 

Johann Strauss II - On the Beautiful Blue Danube, Op. 314

“Excuse me how can I fix this?”

Globe and Mail -- Troubleshooting the malfunctioning Republican Party

As has been noted in many quarters now, American politics seems to be broken. What’s less documented are the increasingly urgent attempts to repair it.

 

Paul Summerville • September 10, 2014

Seemed to be going well a month in. 

Spectator -- The Spectator at war: fairly well, so far

Paul Summerville • March 12, 2013

Commentary on the carbon tax, disconnected, why hip surgery may become deadly, cross cultural management, where angels fear to tread, and how the Conservative Party keeps conservatives confused.

What I’m listening to today.

Concerto in C major for two trumpets RV 537: Allegro (third mvt.) by Vivaldi

Smart and efficient.

Paul Summerville • February 21, 2013

Commentary on the top 50 disruptive companies, dangerous business, the return of a bad idea, Simpson-Bowles 2.0, and the equality journey.

Shaking it up.

MIT Technology Review – 50 Disruptive Companies 2013
It might be easier to explain the 50 Disruptive Companies project by starting with what it is not.

 

The 50 Companies

Paul Summerville • December 8, 2012

Commentary on Asia’s two personalities, demographics in the United States, China’s difficult shift, Starbucks and corporate taxes, Beveridge was a Liberal, and Harper’s foreign takeover twist.

Dr. Jekyll or Mr. Hyde?

East Asia Forum -- A tale of two Asias
In recent months, two Asias, wholly incompatible, have emerged in stark relief.

Demographics in the US and public policy.

Paul Summerville • November 30, 2012

Commentary on Middle East oil consumption, the brave new world of capital preservation, Americans pay less tax today than in 1980, Egypt back to an Iranian future, the pigeons are coming home to roost in Japan, geographical distance and technological diffusion, and the Liberal leadership race should be about what exactly.

Generous fuel subsidies are resulting in a surprising trend in the Middle East, on the road to being oil importers.

Paul Summerville • November 5, 2012

Commentary on the difference over China, the US tax debate, the ground game, and politics and lies.

Is the biggest different between Obama and Romney over China?

Telegraph -- Crucial to the US election? It's the Chinese economy, stupid
As an economic forecaster, I am frequently asked what I am assuming about Tuesday's US Presidential election.

Related.

Paul Summerville • September 2, 2012

Commentary on the Fed, climate change skeptics, Syrian sadness, the case for inheritance taxes, figuring out poverty, and the Quebec problem.

James Grant on the Fed’s lost way.

Paul Summerville • July 25, 2012

Commentary on the opportunities from global migration, Spain’s downward spiral, avoiding taxes, Indian partition, and another big baseball contract.

21st century global migration offers great benefits to those countries smart enough to take advantage. (ed’s note: Miami is the city with the world’s highest foreign born population (51%), Toronto is fourth (45%), Vancouver is seventh (39%).

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.