Go know. Speaking at
an event in Burlington, Ont., on Monday, Liberal Senator Art Eggleton warned
the audience about the growing level of income inequality in Canada. “I think
our future level of prosperity depends on us addressing our current level of
poverty,” he said. And who would disagree? Most people would prefer not to live
in a society where people suffer in poverty. But, he continued, “I think in the
income inequality context we are able to reach out to a much larger part of the
population, who see the unfairness in the way we are going and the danger in
the way we are going, both to our social fabric and the vigour of our economy.”
To back up his case, he cited statistics saying that in
1980, the average CEO’s salary was 40 times greater than the average worker,
but that number has jumped to 189 times today. OK, but so what? If my neighbour
has 189 times more money than I do (which he probably does), that does not mean
that I’m doing badly. Measuring your success relatively to someone else’s can
only ever show which one of you two is better off. The issue that should be on
the minds of everyone — poor and rich, Occupier or Tea Partier alike — is
whether our poor have enough to not just survive, but live comfortably. In the
vast majority of cases, that’s so.....
“In 1990, the average income of individuals in the highest
income group was 13 times that of individuals initially in the lowest group,”
write the report’s authors. “By 2009, those who had been in the highest group
in 1990 had an average income only twice that of those who had been in the
lowest group in 1990.......”
P.S. Still craving Wonderbread and Twinkies? They're alive and well in Canda. A leading dairy company holds the manufacturing rights to both.
P.S. Still craving Wonderbread and Twinkies? They're alive and well in Canda. A leading dairy company holds the manufacturing rights to both.
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