‘Stability and health of Canada is threatened by income inequality’
Toronto-based economist Hugh Mackenzie, in collaboration with the respected Canadian Center for Policy Alternatives, recently presented research which confirms the obscene fact that the best paid executives in Canada earn asmuch ina fewhours as the average Canadian earns in an entire year! Furthermore, this gap in income between the corporate elite and the average working Canadian is increasing on an ongoing basis, according to Mackenzie’s research and the research of others. Inpart, it is this marked income disparity and social privilege of the elite that fueled Donald Trump’s success.
In Canada, the Occupy Movement, the Idle No More Movement and the major protests seen at the last G20 meeting in Toronto are evidence that there is a smouldering discontent ina significant number of Canadian son the issue of escalating income disparity. The stability and the health of Canadian society is threatened if this issue of pay equity is not dealt with in an urgent and meaningful way. Without justice on this issue there can be no lasting social peace in Canada.
By increasing the income taxon the 1 percent of financially privileged Canadians, Mr. Trudeau has started the process of addressing this critical issue. It is to be hoped that in the next federal budget, the present government will proceed with their election promises and en act more progressive changes inthe tax structure, in order to correct the escalating income disparity that an increasing number of Canadians endure.
Sincerely, Jim Hollingworth M.D. Goderich