THE ECONOMY, THE ECONOMY, THE ECONOMY

If the economy doesn’t work, nothing else will work.

You cannot feed the hungry or look after the most fragile: the sick, the elderly and people with disabilities. The fact is, the economy is driven by three forces: smart managers, hard-working employees and investors, and all three forces have a right to share in profits. Without workers you cannot make a profit. Via the CANADIAN ECONOMIC CHARTER OF RIGHTS, workers can participate in wealth creation and narrow the gap between the rich and the working class.

Workers have a moral right to some of the profits.

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THE CANADIAN ECONOMIC CHARTER

OF RIGHTS & RESPONSIBILITIES

  • Every government in Canada has the responsibility to balance its budget and eliminate any debt it has incurred for the benefit of future generations. Governments would be required to balance the federal budget and pay down our national debt by 5% per year so that in 20 years Canada will be debt-free.

  • Government has the responsibility to reduce overhead and remove excessive regulations that stifle economic growth and productivity. We should reduce government spending on over- head by 5% per year over a 10-year period.

    No government workers would be laid off, but we would implement a freeze on the hiring of any new workers, and the reduction of employees would take place gradually through attrition. The hiring freeze would remain in place until the government developed a formula for the maximum number of bureaucrats per 1,000 Canadian residents.

  • We need to simplify our tax system by making it clear-cut, easy to understand and simple to fill out. In addition, we need to make our tax system fairer by eliminating all exemptions, loopholes and write-offs that benefit special interest groups.

  • Governments should unshackle our entrepreneurs and small businesses by eliminating business tax on any small business with fewer than 300 employees and by eliminating practically all regulations with the exception of those relating to employee health and safety and the protection of the environment. Employees would still pay taxes on their wages and business owners would pay taxes on the amount of money they take out of the company as income.

  • Item descriptionWhen small businesses grow in size to more than 300 employees, they will be required to begin sharing annual profits with employees and managers, recognizing that these stakeholders are entitled to a portion of the profits that they help produce. Establishing this principle will create a new profit-sharing culture in Canadian business that will enhance competitiveness and improve productivity. We will transition to a culture where employees are partners in profitability and share in the success of the business.

  • Our country needs technically skilled trades people in order for the economy to function. Every Canadian high school student should be exposed to skilled trades training and apprenticeships in their final two years of high school.

    Adopting this approach would also help create a feeder system to provide the skilled technicians and trades people our country needs in order for the economy to function.

  • No Canadian child must go to school hungry, which means that breakfast must be served at school. No Canadian child should leave school hungry, which means lunch must also be served.

    And by law, the food served in school must be organic.

    We should also establish educational programs where children can learn about the nutritional benefits of foods and the critical role that food plays in human health, as well as learn how to grow organic foods.

    Canada should adopt a national program to support family farms that help supply organic food to our schools.