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Photo: Andreas Metz/flickr
| January 16, 2014
Photo: VJ Beauchamp/flickr
| January 9, 2014
Columnists

Closing the income divide: The time has come to limit CEO over-compensation

Image: Voxphoto/flickr

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?

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Columnists

Why the wealthy are not like us: Capital gains, wealth and income distribution

Photo: City of Toronto Archives/Toronto History/flickr

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!).

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Photo: Shazz Mack/flickr
| November 26, 2013
Photo: Neal Jennings/flickr
| November 20, 2013
| September 23, 2013
Columnists

The price of American inequality

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The most significant, recent news -- that trust in neoliberalism is dead, that confidence in the unrestrained free market has become unfathomable to the majority of U.S. citizens -- has become more evident since 2008. The event is of course obscured by neoliberalism's continued dominance of conservative and centrist governments, political parties and media, yet it is evident that we are now witnessing its inevitable sequence of delegitimation, ruin and replacement.

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Columnists

Calculating household debt after the 2013 federal budget

Photo: Canadian Pacific/Flickr

As both the Bank of Canada and the IMF have now reported, the Canadian economic recovery slowed in early 2013. Sadly, this contains good news.

A return to economic strength would bring an increase in interest rates. This would cause Canadian households deeply in debt to dig down even deeper to make ends meet. With weakness, rate hikes are likely delayed until 2014.

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Photo: bgilliard/Flickr
| April 2, 2013
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