Friday, May 11, 2007

Deja Voodoo Economics

Gee it was earlier this week that I reported on this.Except that Stats Can report was more blue sky messaging, the glass half full rather than the glass half empty.

In that case you had to read between the lines, this is more honest reporting. No blue skying this, tax changes have only benefited the rich.

Rich get richer, poor get poorer, study finds

Updated Fri. May. 11 2007 8:55 AM ET

Canadian Press

OTTAWA -- A new study says the gap between rich and poor is widening in Canada, appearing to confirm that the rich do indeed get richer while the poor get poorer.

Statistics Canada found that inequality in after-tax family incomes has increased over the past 15 years.

The study says that while the tax-transfer system changed in many ways throughout the 1990s, it reduced income inequality by as much in 2004 as it did in 1989.

The study found that incomes among the top 10 per cent of earning families rose by 22 per cent between 1989 and 2004, while at the same time incomes fell 11 per cent among the poorest families.


Canada's Wealthy, Still




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