Canada’s Growing Inequality Problem

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Canada’s Growing Inequality Problem
OpenClipart-Vectors / Pixabay

Canada’s top 1 percent earners currently account for 10.6 percent of the country’s total income, as per the latest study by Statistics Canada. The study narrowed in on the upper 25.5 million tax filers in the country, whose portion of aggregate income has trended upward in a steady fashion from 1989 to 2010. This revelation, coupled with previous reports on Israel and China, show that income inequality is a global problem and not an exclusively U.S problem. In fact, 10 percent of China’s population accounts for 86.7 percent of the country’s total wealth- (see Chris Wood’s GREED & fear).