Saturday, April 18, 2015
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Growing economic analysis shows acting on inequality is good for the economy

It’s an astounding statistic, but according to a report earlier this year, the top one per cent of income earners in Canada captured 37 per cent of the growth in Canadian incomes over the three decades 1975 to 2007. This is not as much as in the U.S., where the top one per cent captured 47 per cent of the growth in incomes. The report, from the Organization for Economic Co-operation and Development, explained as well that “highly disposable incomes makes it easier for the one per cent to save and accumulate capital, which eventually increases incomes further.” So income inequality can be self-sustaining and grow even greater.

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Growing economic analysis shows acting on inequality is good for the economy

It’s an astounding statistic, but according to a report earlier this year, the top one per cent of income earners in Canada captured 37 per cent of the growth in Canadian incomes over the three decades 1975 to 2007. This is not as much as in the U.S., where the top one per cent captured 47 per cent of the growth in incomes. The report, from the Organization for Economic Co-operation and Development, explained as well that “highly disposable incomes makes it easier for the one per cent to save and accumulate capital, which eventually increases incomes further.” So income inequality can be self-sustaining and grow even greater.

  

Parliamentary Calendar
Monday, April 20, 2015
HILL LIFE & PEOPLE SLIDESHOWS
Vickers honoured at Douglas C. Frith dinner April 2, 2015

The Hill Times photograph by Jake Wright
The Château Laurier Ballroom was packed on Tuesday, March 31 for the Canadian Association of Former Parliamentarians dinner.
The Hill Times photograph by Jake Wright
The evening began with RCMP Cpl. Craig Kennedy's rendition of O Canada.
The Hill Times photograph by Jake Wright
Ambassador to Ireland Kevin Vickers was recognized as an honorary member of CAFP for his heroism as the Sergeant at Arms during the Oct. 22 shooting.
The Hill Times photograph by Jake Wright
Peter O'Brian, Liberal MP Carolyn Bennett and Steve Paikin.
The Hill Times photograph by Jake Wright
Rob Nicholson and former Liberal MP Sue Barnes.
The Hill Times photograph by Jake Wright
Conservative MP Dean Allison.
The Hill Times photograph by Jake Wright
Kevin Vickers and Conservative MP Ray Boughen.
The Hill Times photograph by Jake Wright
International Union of Operating Engineers' Steven Schumann and Canadian Labour's Nathan Rotman.
The Hill Times photograph by Jake Wright
House Deputy Speaker Joe Comartin.
The Hill Times photograph by Jake Wright
Mary Dawson, Senator David Smith, and Sharon Sholzberg-Gray.
The Hill Times photograph by Jake Wright
Senator Art Eggleton and Conservative MP Earl Dreeshen.
The Hill Times photograph by Jake Wright
Independent MP Brent Rathgeber in conversation with TVO's Steve Paikin.
The Hill Times photograph by Jake Wright
Andrew Cardozo, Pearson Centre president.
The Hill Times photograph by Jake Wright
Conservative MP Jay Aspin and Kevin Vickers.
The Hill Times photograph by Jake Wright
Lobbyist Leo Duguay.
The Hill Times photograph by Jake Wright
TVO host and author Steve Paikin gave an impassioned speech on what he's learned about the allure of public life.

MICHAEL DE ADDER'S TAKE