Practical Economics to Build a Flourishing World

Nevinomics in Action
Some Fun for the Weekend: United States of Camerica

Some Fun for the Weekend: United States of Camerica

I am associated with the Century Initiative, a Canadian effort that has as one of its main goals getting our population to 100 million by 2100 through increased immigration (http://www.centuryinitiative.ca). By increasing immigration and bringing smart, capable young people to our country from all over the world, we can significantly boost our economic vitality and...
On Our Lack of Economic Understanding

On Our Lack of Economic Understanding

“And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.”     – Anais Nin At least the CBC has come clean – we really don’t understand the economy anymore. Since the Great Financial Crisis (GFC) in 2008, developed economies have applied a...
Well, There Goes Our Retirement (And a Proposed Solution)

Well, There Goes Our Retirement (And a Proposed Solution)

In a 2016 statement, our Central Bank head, Stephen Poloz, told Canadians, “I realize this may be cold comfort to those people who have to adjust retirement plans to a lower-for-longer world,” Poloz said. “But the difficult reality is that savers must adjust their plans… There are no easy answers, particularly for some who have already retired” Wow....
Are Boys Falling Behind - and not Flourishing?

Are Boys Falling Behind – and not Flourishing?

YUSUF: Brain function in the dream will be about twenty times normal. COBB: And when you go into a dream within that dream the effect is compounded. ARIADNE: How much time? YUSUF: Three dreams… that’s ten hours, times twenty, times twenty, times twenty… EAMES: Math was never my strong suit. COBB: It’s basically a week...
Canada's Index of Wellbeing: A Good Start

Canada’s Index of Wellbeing: A Good Start

… there is no country and no people, I think, who can look forward to the age of leisure and of abundance without a dread. For we have been trained too long to strive and not to enjoy. It is a fearful problem for the ordinary person, with no special talents, to occupy himself, especially...
The Vancouver Tax – A Step in the Right Direction

The Vancouver Tax – A Step in the Right Direction

Bubbles have quite a few things in common, but housing bubbles have a spectacular thing in common, and that is every one of them is considered unique and different. Jeremy Grantham   Who knows whether the new 15% tax on foreigners buying property in Vancouver will have the desired effect. But we are very happy...
Raising the Retirement Age: An Unconscionable Way to Soak the Poor

Raising the Retirement Age: An Unconscionable Way to Soak the Poor

It proposes, by means of old-age pensions, to help those who have reached the age of retirement to give up their jobs and thus give to the younger generation greater opportunities for work and to give to all, old and young alike, a feeling of security as they look toward old age.  – Franklin D....
Continuous Income Smoothing

Continuous Income Smoothing

Our suggestion is that the Federal and Provincial Governments smooth income tax payable throughout one’s lifetime and make tax refunds payable monthly and instantly when one is not working, or earning less.
The Flourishing Index

The Flourishing Index

What is the economy for? In Nevin and Neill’s view, the economy should be constructed to maximize individual Flourishing. Here is one obvious policy suggestion: Canada needs a Flourishing index. If Flourishing is our objective, we are not going to improve it unless we decide how to define it more specifically, and then measure it. At...
More Infrastructure

More Infrastructure

If you want the economy to work well, a lot of pieces need to come together: high social trust, the rule of law and property rights, and excellent public services among them. Critical to the effective coming together of these components is, of course, an effective infrastructure. (See The Flywheel Effect) One consequence of the...
Optimal RRSP Portfolio

Optimal RRSP Portfolio

Canada has a well-designed retirement policy for individuals: the RRSP (Registered Retirement Savings Plan). Basically, this allows you to save up 18% of your income for a given year, deduct it from this year’s taxes, and then have it taxed when withdrawn after retirement. There are various guidelines on withdrawals, but compared to other jurisdictions,...
Childhood Obesity

Childhood Obesity

Here is a speech you are unlikely to hear during Canada’s next election campaign: You know, kids are people too… they have rights. If they need a few beers or tequila shots after a tough day at school, who are we to stop them? They deserve it. And ciggies? It’s a free country – sure...
Canada - The Best Nation on the Planet … But We Can Do Better

Canada – The Best Nation on the Planet … But We Can Do Better

Overall, For Canada aims to create the debate and action needed so that Canadians and Canada can Flourish even more, while also reporting on smaller and more practical elements of ideas being developed in Flourishing in Canada. We simply believe we can do much, much better.