‘Sta­bil­ity and health of Canada is threat­ened by in­come in­equal­ity’

The Goderich Signal-Star - - OPINION -

Dear Ed­i­tor,

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

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