Measure what matters: Guided by research about the Canadian Index of Wellbeing, we observe that “a good life is not just about our economy.” As the central measure of national “productivity”, Gross Domestic Product (GDP) is guiding economic and social policies, but it does not necessarily result in us becoming better off as a nation. We therefore recommend that Statistics Canada receive responsibility to report on the Canadian Index of Wellbeing annually; and that federal, provincial and municipal governments adopt the more comprehensive Canadian Index of Wellbeing as a primary metric for our success, including in annual government budgets.
Eliminate subsidies for fossil fuel industries: Following the “Acting on Climate Change” position paper developed in 2015 by more than 60 Canadian researchers representing every province, we recommend eliminating subsidies to the fossil fuel industry and fully integrating the oil and gas production sector in climate policies.
Price Pollution: Following the Ecofiscal Commission and the “Acting on Climate Change” position paper, we recommend implementing a comprehensive approach to pricing pollution. This requires the introduction of either a national carbon tax or a national economy-wide cap and trade program.
Contain Medical Care Spending: Following research by Dr. Craig Mitton, Dr. Paul Kershaw and Neal Smith, we recommend containing public medical care spending in order to reallocate the savings to our New Deal for Family, postsecondary education and housing affordability recommendations.
Adapt the Age of Retirement: In keeping with the policy change implemented by the Government of Canada, we are examining the savings that materialize from raising from 65 to 67 the age at which members of Gen X, Y, and those who follow qualify for Old Age Security. We are considering this adaptation only IF the savings are reinvested into younger generations while they are of working age in recognition they are now being asked to work more years before retiring.
We are also exploring the following options:
Saving government money by preventing school failure, crime and avoidable injury and illness.
Revisiting tax loopholes, a small percentage of recent tax cuts, or taxes on wealth (eg. homes worth more than $1 million and cars over $50,000).
Legalizing and taxing marijuana as some US states now do.