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Canada is bad at studying wealth inequality and we explain why that matters
Thursday, April 4th, 2024
Canada’s top 1 per cent owns 26 per cent of all wealth in Canada, and our top .01 per cent owns 12.4 per cent of all wealth. This is somewhat lower than the U.S. numbers, but it is much higher than official Statistics Canada numbers report… But looking only at income paints an incomplete picture because it ignores intergenerational wealth that has been inherited… wealth — or its absence — can be more important to the lives of individuals, as well as to broader social cohesion.
Tags: economy, ideology, participation, tax
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