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The great 'what if' promises we throw the 99 per cent

With all the attention that the Occupy Movement has drawn to income and wealth inequality (among other things), some may be surprised to find that an annual income of approximately $47,500 U.S. will put you in the top one per cent globally (check your standing here).

But with 1,210 billionaires in the world, the fact is, most people are poor and a relative few are very, very rich. This letter is to all of us in the top one per cent.


Richest one per cent's share of wealth at historic high

TORONTO - Canada's richest one per cent are taking more of the gains from economic growth than ever before in recorded history, says a new report by the Canadian Centre for Policy Alternatives (CCPA).

The Rise of Canada's Richest one per cent looks at income trends over the past 90 years and reveals the 246,000 privileged few who rank among the country's richest one per cent took almost a third (32 per cent) of all growth in incomes between 1997 and 2007.


Book jacket of Capital in the Twenty-First Century
| May 8, 2014
Photo: e_monk/Flickr
| September 10, 2012

'Crass Struggle' exposes pretensions of the one per cent

Happy is the person whose hour has struck. Tom Naylor's hour has struck. It is the hour of the 1 per cent.

Naylor's day job is as an economist at McGill University in Montreal. But his secret identity -- about as secret as any superhero's -- is Muckraker, a heroic figure reaching back to crusading journalists during the robber baron age in the U.S. Their Canadian avatar was Gustavus Myers, also an American, with his acidic A History of Canadian Wealth (1914). Naylor rakes Canadian and global muck joyously yet assiduously -- not a contradiction if you're happy in your work.

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