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Canada’s wealth gap widening
Thursday, July 14th, 2011
July 13, 2011
The gap between the rich and poor is widening as the rich get richer, according to a new report by the Conference Board of Canada. The richest Canadians increased their share of the national wealth between 1993 and 2009, while poor and middle-income individuals lost ground… “While the poor are minimally better off in an absolute sense, they are significantly worse off in a relative sense…
“High inequality can diminish economic growth if it means that the country is not fully using the skills and capabilities of all its citizens or if it undermines social cohesion…
Tags: ideology, participation, poverty, standard of living, tax
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