You can change the conversation. Chip in to rabble's donation drive today!
You can change the political conversation. Chip in to rabble's donation drive today!
Industry Minister James Moore wins the Scrooge 2013 Award for Honesty by being frank about his, and presumably his party's, utter lack of social compassion. When the MP for the B.C. riding of Port Moody-Westwood-Port Coquitlam appeared on a Vancouver talk show this week and was asked about alarming rates of child poverty in Canada, he denied the reality of millions of poor Canadians.
Balsillie, Stronach, Desmarais, Thomson, Asper. Do these names sound familiar?
Indeed, they are the names of some of Canada's most successful business executives. It is undoubtedly true that their companies are vital to the Canadian economy. Together they are employing hundred of thousands of Canadians and competing with other companies internationally.
But what about their compensation? What about their responsibilities to make Canada a more "ethical businessplace"? What about their contributions to a less divided Canada where the rich are getting richer and the middle-class is losing its share of the economic pie?
This week's release from Statistics Canada on the income share of the wealthy generated some interesting coverage and commentary. It reported that the top 1 per cent's share of total income in Canada remained steady in 2011 in Canada, at 10.6 percent -- but still significantly higher than in the 1980s.
Most observers did not mention, however, that this oft-cited income share statistic does not include capital gains in the calculation of incomes and income shares. A capital gain, of course, is a realized benefit resulting from the disposition of an asset (buy low, sell high … unless you are a short seller, in which case you should buy high and sell low!).
There was an excellent ventilation of the elder care issue in a series of articles in this newspaper over the past weeks, a necessary illumination of the challenges that are not so much ahead as upon us.
One thing missing, however, was more than passing mention of the elephant in the old folks' home: the country's rising tar-sands social policy, followed by the implied question -- are we a country or not?
Let's put it this way. In some parts of Canada, we're getting collectively older fast, in Nova Scotia in particular, but also in other "have not" provinces.
This is not just because we're sitting here getting older, but because our young and not-so-young people are heading to Alberta and environs in droves.
Editor's note: this column was originally featured on December 2, 2013
By 1:18 p.m. on this date most workers had just finished lunch on the first working day of the year, but Canada's highest paid 100 CEOs had already pocketed the equivalent of the average wage in Canada, $45,448. BTW: The CCPA's 2013 CEO pay clock is still ticking. (Source)