Richest 1% are now wealthier than the rest of the world combined, Oxfam Says

[TOM4CWB]

CC,

What left wing nut baloney book did you get that quote: Gov is not responsible for 'inequality' ?

Famine/floods, earthquakes, are natural problems for the humans on planet earth... greed, arrogance, hate, intolerance, WAR... are a real part of governance... all over this planet. If we chose to work together... and share ... but evil lurks in the shadows [greed, arrogance, hate, intolerance, WAR] someone is always jealous... and is willing to try to take what they did not earn and work/plan to create.

Right CC!

We people ARE the Gov.

Over and out

[vvalk]

Maybe a better example would be to not use assets but income. I bet 1/3 of the people in this country have no assets whatsoever let alone 3rd world countries. At what point especially in Canada is it not your own issue to create assets out of income instead of spending every cent.

[TOM4CWB]

vvalk,

A real and sad threat of the 'internet' age... is that building 'wealth and prosperity' by flipping switches and software/communication systems... is now valued more than anything else in the Dow Jones Industrials. Google/Apple/Microsoft/Facebook[and those who support them]... are 'worth' trillion$$$!!!

How is this possible!

Are these our real productive assets that reduce poverty? Isn't this what has caused the 'Oxfam' wealth inequity?

[sawfly]

yes tom govt. is wholly responsible responsible for the inequality.
in 08 the banks did not fail because
govt. *( working for the 1 %) made the 99 % bail them out .

the 1 % tells your conservative govt.
(and liberals too ) what laws to write.
and how to keep transferring the wealth
to the 1 %

look at every bill Harper, obama and Bush have passed
they all have done exactly that.

even obama care is a forced tax on the 99% to fund the health insurance industry ( the 1 % )
it is not socialist at all.

place the blame where it clearly lies

[Hamloc]

Chuck2 you are correct about the fine print. I was referring to the graph comparing sales tax rates, it shows only the federal GST at 5% and does not include any of the provincial sales tax. I therefore assumed they were not included in the calculation.

I am curious, how many agrivillers are in favour of a 25% sales tax? How many are in favour of raising our taxation level from 30% of GDP to 47% of GDP like Denmark?

[Hamloc]

One other question, if high taxation is the answer why do the provinces in Canada with the highest taxes also have the highest debt?

[fjlip]

Economies need consumer spending to make GDP increase every year/ quarter or all negativity breaks out. Sales taxes hurt consumers when they spend, how can that be a preferred tax. Killing GDP. Income tax is the fairest.

[blackpowder]

Why dont they publish the contribution to gdp the 1% are responsible for??
Farmers today are definitely in the top 10%. Looking at my gross sales and the thin % I live on, I'm supposed to feel guilty? People whose utopia involve perfect equality have jealousy as a root emotion.

[sumdumguy]

Top 1% are what income range?