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Armine Yalnizyan @ArmineYalnizyan
, 8 tweets, 4 min read Read on Twitter
Dear any political party
Don't bother preaching tax cuts, debt-reduction through service cuts, as the fast-track to the future or a path to prosperity.
We've had a quarter century social experiment with that.
We're done with that fiscal fantasy.
If you're keen on debt reduction, grow the economy.
If you want more growth, support for women > trade or biz investment.
Women's estimated potential impact on growth (with supports) $150B by 2026. Trade's ~$12B by 2040.
(Thread: )
#cdnecon #cdnpoli #onpoli
Federal #Budget2018 articulated most elements of a plan to increase women's contribution to the economy, but not the next crucial step: a national strategy to improve access to affordable, high quality early childhood education for our kids.
That's why Poloz talked about it y'day
This is not about social policy, or women. It's about economic growth.
A plan that builds access to high quality care for our kids means more children reach their potential, maximize the opportunities that come their way.
It let's women deploy the human capital they've built up.
The approach to growth that starts by maximizing contributions of women, racialized minorities, indigenous people, the so-called disabled to our economy, our families, our communities is the core of 21stC economic policy.
Squanders no talents. Leaves no money on the table.
A strategy based on tax cuts, debt reduction (and, perforce, service cuts) i.e. shrink the size of the government, disregards the biggest challenge the early 21stC economy in Canada (and all rich nations, including China) faces: population aging.
Do the demographic math and you quickly realize you can't continue with the 20thC "less government, more market" mantra.
It doesn't add up.
So governments need to figure out what to do to maximize household purchasing power in an era of slowth.
#ItAintHowBigItIs #ItsHowYouUseIt
OK I'm done.
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