wellofloneliness:

oopsabird:

allthecanadianpolitics:

allthecanadianpolitics:

The idea that Canada’s economic inequality problem isn’t as bad as the U.S.’s is a “convenient fiction,” says a new report calling for a wealth tax on multi-millionaires.

Canada’s richest one per cent have seen their share of the country’s wealth grow while all other groups have seen theirs shrink, said the report from Canadians for Tax Fairness, released Thursday.

It found that the number of billionaires in Canada, and the wealth they hold, doubled between 2010 and 2019.

Citing several previously published studies, the CTF report found that Canada’s 100 richest people hold as much wealth as the 12 million poorest.

The top one per cent have seen their share of income rise to 26 per cent, from 17.9 per cent a decade ago, while the poorest half of Canadians have seen their share of income shrink to 4.7 per cent in that time, from 5.9 per cent.

“There’s a convenient fiction perpetuated that Canada hasn’t experienced the great extreme inequalities of wealth at the top end that the United States has,” the report said.

“It’s true that our wealthiest don’t have fortunes at the same level as Jeff Bezos or Warren Buffett, but the number of Canadian billionaires has increased at a far faster rate than the number of American billionaires and their total wealth has also increased at a much faster rate.”

Continue Reading.

Tagging: @politicsofcanada

Friendly reminder that Justin Trudeau and his Liberal Party of Canada and Erin O’Toole and the Conservative Party of Canada KNEW THIS and then they VOTED AGAINST this proposal by the NDP to help fix this income inequality problem:

Parliamentarians unite to block NDP wealth tax supported by supermajority of Canadians

I want to emphasize to all of you that the Conservatives and the Liberals allow this kind of thing fully on purpose.

The Liberals are not being naive or misguided, it is not productive to appeal to them to “do the right thing”.

They hate poor people and minorities (and loooove being kept in power by corporate influence) just as much as the Cons do — they’ve just figured out how to tell better, more progressive-sounding lies about it.

The ruling parties do not care about you or your loved ones. Do not make excuses for them.

🍽🍽🍽🍽🍽🍽🍽🍽