StatCan says income and wealth gap grew wider in third quarter

Source: gorschkov

16 Comments

  1. LittleSunshyne4 on

    I’m voting for whoever truly decreases cost of living. I don’t care about Trump. I want the middle class to stop being everybody’s bank. We are struggling too.

  2. With every country facing the K-shaped economy issue, it actually makes sense for politicians who want to stay in power to cater to the portion of the K that holds the wealth.

    It’s a problem where the people with the power to fix the problem benefit from the problem. Hardly surprising that Canada, like pretty much every other country, has a growing wealth inequality issue.

  3. CanadianLabourParty on

    Unless we tax billionaires this isn’t going to be getting any better.

    We should be taxing income after say, $10M at a rate of 100% on personal income and corporate income up to 75% UNLESS that company has given DOUBLE cost-of-living wages to ALL its employees, contractors and subcontractors in this country.

    All the “they’ll just leave” people, so WHAT?

    We were promised FIFTY years ago that IF we gave BILLIONAIRES and MILLIONAIRES MORE tax cuts THEY would share their wealth with us. In that 50 years, CEO wage growth has gone up THOUSANDS of percentage points, adjusted for inflation, meanwhile the MEDIAN wage growth has gone up less than 5% adjusted for inflation.

    When BILLIONAIRES can afford private jets to the tune of HUNDREDS of millions of dollars THEY should be paying for ALL our healthcare, tertiary education. They *could* do that AND STILL by BILLIONAIRES. There’s $24B of outstanding student loans out there. That could be erased INSTANTLY by these people, but if we just give them ONE MORE tax cut, they pinky-promise we’ll get a wage increase…

    Also, they are NOT earning that money. All they do is go from one meeting to another, make a few phone calls, meet a few people, laugh at the working class, and go back to their yachts/Rideau Hall and make more business-friendly legislation.

    If you want YOUR wage to increase you need to put aside the partisan stuff and join a union. “But unions are for lazy people”. So what! That “lazy person” could be a dad who has had fuck all sleep because his kids have the flu. That “lazy person” could be a husband who is working 2 jobs to feed his family. That “lazy person” could be a brother who has look after his terminally ill relative and provide the best service he can because he can’t afford a full-time caregiver. You have NO IDEA what other people are going through. Sure maybe some people are lazy and entitled, but you’re surrendering HUNDREDS of THOUSANDS of YOUR OWN MONEY to make a billionaire happy and to “own” a group of people you don’t like – you’re cutting your nose to spite your own face.

    Tax the rich. Close the wealth gap. Otherwise, things aren’t going to get better.

  4. Maximum_Error3083 on

    I care a lot less about what people at the top have than I do what the bottom has and what their quality of life is

  5. Conscious_Candle2598 on

    My old man got married 3 times and divorced twice. 
    And still could afford a house and live in 

    I on the other hand have a mid sized trailer in my back yard that 3 people asked if they could rent it out.
    It doesn’t even have a bathroom.

    It’s amazing how fucking fast we fell apart. 

    But hey. Elbows up, I guess.

  6. I went to No Frills today and what the heck- since Xmas some products are suddenly way more expensive….

  7. lol.

    Canada had the best performing major stock market in the world in 2025, gaining an astonishing 29%. Are we trying to invent a version of reality where that’s a bad thing?

  8. Festering_Inequality on

    All these amazing and valuable resources we’ve been blessed with and yet look around at the conditions and the state of the country. Something wrong with this picture. Notice how our resources, no matter how many we give up, don’t seem to be benefitting all Canadians? I believe a wise person once said that the definition of insanity is doing the same thing over and over again and expecting different results. Part of the problem is these items aren‘t treated as our proper birthright, which they are. Should have nationalized many things long ago. Resources are flying out the window, but who really benefits?

    Not one Canadian should be living on the streets, starving or struggling to pay for food, working three jobs, competing for housing with the world or freezing and getting burned in RVs with the abundance we have.

    Demand better.

    Time for a wealth tax, too.

  9. >Taxes can affect the rate of economic growth. Income taxes limit capital accumulation. Corporate and capital taxes reduce capital investment. Payroll taxes reduce job creation. Businesses in Canada have strongly opposed the full inclusion of corporate gains as taxable income.

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