The richest 1 per cent got 87 per cent of the increase in wealth last year. The poorest 50 per cent got nothing.
"The growing body of credible evidence about income inequality is indisputable. But there is also a growing consensus among economists that inequality is not inevitable. It can be stopped if countries legislate progressive income taxes, and by aggressively investigating and stopping tax cheaters and tax avoiders." — Larry Brown, NUPGE President.
The richest 10 per cent of families earn 190 per cent of the average of Ontario families’ earnings. — CCPA report
“Protecting the safety and well-being of Canadians should come ahead of enabling well-heeled individuals and companies to avoid paying their share of the tax bill." — Larry Brown, NUPGE President
"Income levels have a direct impact on the health of Canadians, and it's costing us dearly." — James Clancy, NUPGE National President
“When the richest 1% own over half the world’s wealth, it should end any debate about whether income inequality is a problem." — James Clancy, NUPGE National President
"We pay a huge price for those tax cuts through things like user fees, longer wait times in hospitals and higher college or university tuition for our children.” — James Clancy, NUPGE National President.
New report from Oxfam shines brighter light on where global wealth is concentrated and who controls it.