Emergency wage concessions | NDP pledged to recover money paid to CEOs
(Toronto) Echoing the NDP’s rhetoric that the “ultra-rich” should pay more, Jagmeet Singh on Monday pledged to reimburse CEOs who received emergency wage subsidies during the outbreak.
Monday, the first full day of the election campaign, Mr. Singh did not specify the terms of the engagement. However, he argues that any emergency wage subsidy given to business leaders will be spent to provide services and support families in need.
“If the NDP government seeks to abuse the system, take public money and pay dividends to its shareholders or increase executive compensation, we will stop it,” Singh said Monday, campaigning in Toronto. “We’re going to make sure they pay it back, and then we can reinvest it for the citizens.”
Singh spoke about how big businesses thrive and small businesses are affected by health restrictions, as the campaign stops on a shopping street in Toronto’s Danforth neighborhood.
“We want to make sure Ultrarich pays its fair share, that these big companies pay their fair share so that we can invest in supporting small businesses,” Singh said.
When asked how he researches and demands such refunds, Singh said there are many tools available to the government.
“Overall, Canadians see hundreds of large corporations taking public money and then paying dividends to their shareholders,” he said. The Canadians saw it and said, “Well, we fought. When workers are in trouble, why does Justin Trudeau avoid wealthy companies by abusing the system? “.”
Mr Singh said the money recovered would go to the top priorities of the New Democratic Party: health care, including mental health, insurance and dental coverage. But he had not expected that the party would recover from the leaders and the companies.
“The Parliamentary Budget Office has seen some of our actions, including the wealth tax, and estimates that we could raise up to $ 10 billion a year through one of the proposed measures,” Mr. Singh. “So we have a lot of ways to make sure it doesn’t fall on you or your family, on workers, on small businesses,” he continued.
Speaking to the media and his supporters on Monday, Singh struggled at times to be heard as he was aided by a handful of unruly protesters under one banner. Horseback riding, once represented by former leader Jack Layton, was conquered in 2015 by the Liberals.
The NDP leader traveled to Brampton, where he was warmly greeted by his brother Gurratan Singh, who represents the provincial riding in Queens Park. Jagmeet Singh stopped by for dinner at his favorite Italian restaurant, a few doors down from his former constituency office when he was a former MP.
Mr. Singh traveled to Vancouver, where he will continue his campaign on Tuesday.