In reality, do we still have a "real" middle class? Where does the political opportunism start and where does the economic reality end?
The middle class must occupy a privileged position in Canadian politics. Appeals to middle-class voters are a part of every party platform.
There is no agreed-upon definition of 'middle class' among economists. It varies based on whether you look at family or individual income, provincial or national data, before or after tax.
As our incomes grow increasingly unequal, it's becoming more important to revisit the actual distribution of incomes in Canada and B.C. and come up with an evidence-based definition of middle income.
Is "middle class" simply a label that speaks to how people want to think of themselves and be perceived?
The first leg of the federal election campaign has featured much debate over who benefits from different proposals. At least indirectly, it has been a conversation about income inequality.
The French, unlike Canadians, have legislated a social minimum, so that no one lives below destitution. Canada had such a minimum, the Canada Assistance Program, but it was abolished by Paul Martin.
Six major Canadian cities are now in a housing price bubble. To avoid disaster, the federal government needs to move back to the 2006 standard of a maximum 25-year amortization with more money down.
Obama's decision to tax the well-to-do is no doubt creating nervousness among Canada's financial elite.
There are too many people who are absurdly, stupidly rich. There is an easy, non-violent solution: Move some of their excess wealth to the people in the middle, since it all came from there anyway.