Two years ago the Occupy Movement propelled inequality into the news. Today Occupy is gone from the headlines, and inequality hasn't made it to the political agenda.
Think-tanks, economists and some politicians talk a lot about inequality. What do Canadians think?
In a Forum Research poll in November, 86 per cent agreed that "there is a growing income gap in Canada, where the rich are getting too rich and the poor are getting too poor."
- 76 per cent also agreed the "provincial and federal governments should do more to redistribute wealth from the richest to poorest Canadians." Fifty per cent agreed strongly.
It's rare that members of Canada's financial elite are so clumsy in revealing that their cage has been rattled.
Seemingly out of the blue this week, the head honchos of Canada's biggest companies, the Canadian Council of Chief Executives, put out a media release insisting that their taxes are not too low.
This defensive posture -- who mentioned murder? -- reveals they fear others may be slowly catching on to the massive transfer of wealth to the richest Canadians that's been going on for the past 14 years due to the systematic cutting of corporate tax rates.
The last time Canadian federal tax revenues have been this low (as a share of the economy). (Source)
Top federal personal income tax rate for anyone earning from $136,270 to you name it. In 1981, the rate for anyone earning $119,000 or more (1981 dollars) was 43 per cent. (Source)