With Canadian federal tax revenues at their lowest in 70 years, Hennessy's Index goes back to the basics of public revenue generation with a lesson in tax cuts.
If income inequality -- where the top 20 per cent of families get 43 per cent of the income -- is concerning, then wealth inequality should be downright shocking.
There is a good reason why the minimum wage has fired up so much debate lately. It has to do with how a "trickle-away" recovery has dogged so many advanced economies since the 2008 global crisis hit.
Repeating over and over again the idea that taxing the rich, government social programs and regulation are the cause of unemployment, low wages, debt and lack of innovation doesn't make it true.
It is not really about budget deficits or government debt; it is about cutting workers' wages, taxes, social programs and environmental regulations.
Business executives have a responsibility to contribute to a less divided Canada, at a time when the rich are getting richer and the middle-class is losing its share of the economic pie.
If there was ever a reason for revolution in the streets, it should be the fact that wealthy Canadians pay tax on only half of the income they derive from flipping stocks, bonds and real estate.
The decade-long petro-boom has caused major distortions in the Canadian economy, and has driven growing interpersonal and interprovincial inequality.
For the first time in Canadian history, an election is being waged on this question: Which political candidate do you trust to reduce income inequality?
Five years after a global economic crisis unleashed chaos on markets everywhere, income inequality has become an inescapable political and economic issue, in Canada as elsewhere.