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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
Sunday, October 26, 2014
HILL LIFE & PEOPLE SLIDESHOWS
Lockdown on the Hill, Oct. 22 Oct. 22, 2014

Anne Marie Creskey

NDP MPs on Wednesday morning at the corner of Metcalfe and Wellington streets outside the Langevin Block, where the prime minister has an office, across the street from Parliament Hill. They include Rosane Doré Lefebvre, far left, Hélène Laverdière, second from right, and Charlie Angus, far right. 

Anne Marie Creskey

NDP MP Charlie Angus and other MPs wait in front of the prime minister's office at Langevin Block, after leaving the Hill on Wednesday morning. 

Anne Marie Creskey

Ottawa Police Service officers on Parliament Hill at around 10:45 a.m.

Anne Marie Creskey

Ottawa Police cars on Wellington Street in front of the Hill on the morning of the attack.

Anne Marie Creskey

An armoured police vehicle on Metcalfe Street headed toward the Hill.

Anne Marie Creskey

More police arrive on Wellington Street.

Anne Marie Creskey

RCMP officers on Sparks Street between Elgin and Metcalfe streets on Wednesday morning. Surroundings buildings were locked down and later evacuated. 

Anne Marie Creskey

Reporters and camera crews are pushed back to the corner of Sparks and Metcalfe streets.

Anne Marie Creskey

The prime minister's office in the Langevin Block is evacuated.

Anne Marie Creskey

Police with a stretcher on Sparks Street.

MICHAEL DE ADDER'S TAKE