Invest fairly in all generations: news & insights
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Task Force Campaign Report: Call in the tugboats!
This year's budget commitment to "Fairness for Every Generation" was a game changer, but the freighter of government changes course slowly. Now we're calling for some institutional tugboats that can keep prodding the federal government to follow through on its promise to make Canada work for all generations.
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Globe & Mail: The promise of “fairness for every generation” is a game-changer
The 2024 federal budget promises “fairness for every generation” as the starting point for a new fiscal framework. This acknowledgment is a game changer, because the first step in solving a problem is admitting you have one. The next steps will take more than a single budget can deliver.
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Globe & Mail: Restoring balanced budgets is harder than cutting spending on the things people love to hate
Meeting the goal of generational fairness means our legacy can’t be large deficits. Meeting this goal will require addressing the massive revenue shortfall but it will be nearly impossible if too many of us believe the path to balanced budgets is as easy as eliminating spending on things we love to hate.
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What’s behind Liberal promises on fairness for every generation?
The federal government is already demonstrating that ‘fairness for every generation’ isn’t just a convenient slogan. Every day since March 27, the Prime Minister has announced concrete policies to improve affordability for younger Canadians — policies which align with ingredients in our comprehensive housing and family solutions frameworks. Here are our takeaways on recent budget promises about restoring housing affordability and supporting young families, along with questions we'll be asking when the budget is tabled.
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Federal government promises to deliver greater generational fairness in budget 2024
Never before has a government been bold enough to organize their budget to respond to the problem that “hard work isn’t paying off [today] like it did for previous generations.” For young people across Canada struggling with unaffordable housing and other costs that have risen far faster than earnings from paid work, this is a welcome validation of the systemic root causes of the challenges they face.
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Ontario 2024 Budget burdens younger residents
The real fiscal signal in the 2024 budget is that the Ford government has a serious revenue problem, despite investing little to reduce unaffordability pressures. Provincial plans to restore a balanced budget by means of spending restraint and revenue from future economic growth is on shaky ground. Younger voters inherit more debt, but little help with major costs of living like postsecondary and housing. Here’s our take on why that is a bad generational deal.
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Globe & Mail: Canada’s promise to NATO collides with spending increases for retirees
Canada will struggle to raise funding for national defence because previous governments failed to plan adequately to pay for aging baby boomers. Since the public gives little attention to this failure, and little credit to the Trudeau government for dealing with the problem now, military spending may suffer collateral damage.
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Will we see generationally fair housing policy in budget 2024?
“There’s a generational divide right now in this country between people who got into the housing market at a time when that was a reasonable thing to do regardless of how much money your parents had in their bank account.” You might think that Gen Squeeze wrote that line. But we’re happy to report it’s from another important voice: Federal Housing Minister Sean Fraser.
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Putting a price on pollution is what good ancestors do
Gen Squeeze Founder Paul Kershaw was on Parliament Hill this week to remind Canadians why most of us supported paying for our pollution in the first place: “[W]e pay for our pollution because we love our kids, grandchildren, nieces, and nephews. We have a duty to pay for our pollution for them… because there’s absolutely no escaping that we put our kid’s health, safety, air, drinking water, and food at risk when we pollute.”
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The Hub: Alberta budget doubles down on expensive health care strategy
Alberta’s 2024 budget ramps up funding for a medical care system that already spent more per person than in B.C. and Ontario, while achieving poorer health outcomes.
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