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Income Inequality In Canada

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Most of us Canadians like to think of ourselves as a better version of our American neighbours.Whether it be health care or ethics in politics .However,with the new trend and of course a Harper government .We are mimicking our American cousins.This essay will highlight the problem of inequality and its ability to change the governance of our country.Through facts and statistics,this essay will argue that income inequality is a serious problem.However,Canada does have other issues such as inequality faced by women and aboriginal people.Income inequality seems to the root cause of other issues.The essay will first prove the existence of a growing inequality in Canada.The basis of the argument will lie in the drastic changes that …show more content…

Income inequality is defined as “Income inequality is the extent to which income is distributed unevenly in a country. It is an important indicator of equity in an economy, and has implications for other social outcomes such as crime and life satisfaction(Conference Board)." Therefore income inequality can also be defined as the concentration of wealth in the hands of a few, rather than an equal distribution of prosperity among citizens. In Canada, the unequal distribution of wealth has increased over the past twenty years. Though compared to the United States, Canada is in a much better position with greater social mobility. The fact remains that compared to …show more content…

Whether it is in Canada as a whole or within a city, the top 1 percent enjoy a sought of immunity to economic slumps.According to CCPA ,over the course of 30 years from 1982 -2010 the richest 1 percent enjoyed an income increase of 71 percent.The richest 1 percent of Canadians made 15 times more than the average Canadian income(CCPA) . Income inequality as earlier stated bring about health inequalities within the spectrum of a country’s populations. However, such income inequalities and wealth inequalities are all signs of an existing class inequality. Chrystia Freeland speaks of the class that makes up one percent of the top one percent i.e. 0.01 percent, the super-rich or ultra-elites as plutocrats. The amount of wealth concentrated in hands of such a small percentage is a worrying situation. It is common human nature to try and keep what one has achieved. But with this much at stake, is it petty to think of the lengths this minority will go to maintain their status (Freeland). It is to no doubt that that members of this group also influence government policy.Most political parties need huge financial support in order to sustain their campaigns.With large sums of wealth that corporations possess,they invest in political party campaigns.The irony lies in the fact that they are called donations.With financial

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