« Home | Happy Thanksgiving Day! » | Sask NDP Leadership Race Heats Up Over Erin Weir's... » | Conservative Cabinet Minister Gerry Ritz's 'Death ... » | Justin Trudeau Tells Alberta That Liberal Federal ... » | ... "run away! run away"! ... » | Did The Saskatchewan Minimum Wage Board Recommend ... » | Rob Anders Is Insane - Too Bad Harper Lacks The Le... » | If I were a Liberal ... I would say .... » | Once In Awhile We Play A Little Jazz Around Here .... » | Environics: National Voter Intention - New Democra... » 

Tuesday, October 09, 2012 

Income Inequality In Canada - The Broadbent Institute



It's time to spark a national policy debate that reflects the steady moves by the Right to enrich corporations at the expense of average working families.

OTTAWA — "Canada is moving in the wrong direction and must address its extreme and growing income inequality, according to a new discussion paper from the Broadbent Institute.

The paper, released to Postmedia News on Monday, argues that developing a comprehensive policy agenda — which could include affordable housing, improvements to Employment Insurance, “fair” taxes and a national prescription drug program — is needed to address the problem.
What’s concerning is that inequality is getting worse instead of better, and while Canada has the financial means to turn this around, those steps aren’t being taken, said former NDP leader Ed Broadbent, the founder of the left-leaning institute.

“We’ve had this policy of slashing taxes, and particularly disproportionately, slashing the taxes of the rich. It’s time we reverse this,” Broadbent said.

“It’s not as if we don’t have the wealth, but it’s the distribution of the wealth that really matters.”
Income inequality, sometimes known as the shrinking of the middle class, occurs when there is a large polarization between the top and the bottom of society in terms of their share of economic resources, according the institute.

The Conference Board of Canada and the Organisation for Economic Co-operation and Development have both recently pointed out that Canada is becoming more unequal, more quickly than most other countries in the OECD, Broadbent said.

For instance, the Conference Board of Canada reported in 2011 that, between the mid-1990s and the late 2000s, Canada had the fourth-largest increase in income inequality out of 17 peer countries. Canada was ranked 12th out of those countries, a slip to “below the average.”

One of the effects of this is that there’s less upward mobility, Broadbent said, adding that there’s “overwhelming” evidence that an unequal society decreases the opportunity for climbing."
Canada.com

 -CBC has more ...



Follow leftdog on Twitter




About Me

BANNED FOR ABUSIVE BEHAVIOR

  • -Carmichael-
  • Things I Read

    • -Canadian Political Viewpoints-
    • -ZAG-
    • -Next Year Country-
    • -Huffington Post: Canada-
    • -LEFTIST JAB-
    • -Let Freedom Rain-
    • -Informed On Information-
    • -Wellington Post-NDP-
    • -Trapped In A Whirlpool-
    • -Larry Hubich's Blog-
    • -ROGERISM-
    • -Leftdog's Daily KOS Blog Page-
    • -RIDER PROPHET-
    • -Dipper Chick
    • -Ideagist -
    • -Al Barger's MORETHINGS.COM-
    • -Canadian Cynic-
    • Saskatchewan Progressive Bloggers
    • *NEW DEMOCRATIC PARTY*
    • My Zimbio
      Top Stories
    • Blogarama - The Blog Directory
    • Politics Blogs - Blog Top Sites
      View blog authority
    • Display Pagerank
    • Canada's NDP
Powered by Blogger
and Blogger Templates