Thursday, Sept. 18, 2014
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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
Friday, September 19, 2014
HILL LIFE & PEOPLE SLIDESHOWS
Lobbyists, MPs get in on the ice bucket challenge for ALS Sept. 3, 2014

Photo courtesy Summa Strategies
The team at Summa Strategies took the ice bucket challenge last week at the Parliament Pub. Summa challenged board members from the Government Relations Institute of Canada (GRIC) to take it next. From left: intern John McHughan, vice-chairman Tim Powers, senior adviser Louis-Alexandre Lanthier, consultant Kate Harrison, vice-president Jim Armour, vice-president Robin MacLachlan, president Tracey Hubley, senior adviser Michele Austin, and consultant Angela Christiano.
The Hill Times photograph by Jake Wright
The Government Relations Institute of Canada board members take the ice bucket challenge.
The Hill Times photograph by Jake Wright
GRIC directors feel the chill.
The Hill Times photograph by Jake Wright
From left: GRIC president Andre Albinati, secretary Joanne Dobson, board members Kevin Desjardins and Alayne Crawford, treasurer Phil Cartwright, and board members Alex Maheu and Jason Kerr.
Photograph provided Hill and Knowlton Strategies
Health Minister Rona Ambrose gets in on the ice bucket challenge.
Photograph courtesy Hill and Knowlton Strategies
NDP Leader Tom Mulcair.
Photograph courtesy Hill and Knowlton Strategies
Liberal Leader Justin Trudeau.

MICHAEL DE ADDER'S TAKE