COVID-19 has brought about unprecedented unemployment and financial insecurity, but it’s not the first time people have faced challenges fulfilling some of their most basic needs.
The Canadian federal government’s COVID-19 Economic Response Plan includes tax-related measures. It’s helpful to examine tax supports for individuals by considering the past, present and future.
Some economists are predicting joblessness to surpass the record level experienced at the height of the Great Depression as 22 million people file for unemployment benefits.
A universal basic income could provide financially precarious people with the money they need. And it would keep money flowing through the financial system.
It’s the ultimate bubble news perhaps, but this week the Department of Parliamentary Services put out a circular saying work was underway to ensure Parliament House “is prepared to manage any potential…
Peter Martin, Crawford School of Public Policy, Australian National University
Australia’s three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of ‘at least’ 0.5%, potentially followed by a ‘prolonged downturn’.