Take some money from the wealthy, give it to the poor -- why not do it? Basic accounting suggests that another $1,000 for a student with a $10,000 yearly income puts them further ahead than the same amount does for someone earning $100,000. After all, it gives the student a boost of 10 per cent, and the affluent person only one per cent.
In Canada, the small amount of income redistributed to the poor has long been a matter of public debate. Lately, the poor have been losing. The low-tax, small-government crowd, both Liberal and Conservative, have had control of the federal government for decades.
If you're a top executive at a major corporation, no need to read further; you'll know all this.
But if you're an ordinary person, you may not. You've probably heard of "executive stock options" -- a perk that allows corporate executives a special deal on purchasing the company's stocks.
And you may suspect that these stock options are connected to the rampant greed and corruption that have plagued the corporate world in recent years. If so, you'd be right.
Even leading business thinkers agree.
There is one billionaire for every three million people in the world.
Number of billionaires in the world in 2014 -- a 7 per cent increase since last year and it represents an all-time record high. They control nearly 4 per cent of the world's wealth.
$7.3 trillion (U.S.)
Combined worth of the world's billionaires in 2014 -- up 12 per cent since last year. That's higher than the market capitalization of all the companies included in the Dow Jones Industrial Average.
Percentage of the world's billionaires living in the United States. It's the country with the most billionaires -- 571 of them.
Kathleen Wynne broke a number of taboos last week, proving it's possible to get elected premier of Canada's largest province while being a woman, while being openly gay and -- perhaps most surprising -- while openly defying the right-wing orthodoxy that's ruled this country for three decades.
It may be this last aspect of her victory that broke the most resistant taboo.
Related rabble.ca story:
As Donald Sterling discovered last week, even billions of dollars can't spare you public humiliation when you're caught on tape making racist remarks.
For everything else, however, there's MasterCard.
Indeed, apart from the slagging the L.A. Clippers owner received from the NBA, enormous wealth can get you just about everything, while lack of resources leaves you barely able to function in society.
So the fact that there's been a massive diversion of income and wealth to those at the top in recent years seems like it should be a big deal.