It’s possible that I shall make an ass of myself. But in that case one can always get out of it with a little dialectic. I have, of course, so worded my proposition as to be right either way (K.Marx, Letter to F.Engels on the Indian Mutiny)
Friday, December 08, 2006
Canada's Wealthy, Still
Dems dat's got gets. Dem that don't doesn't.
In terms of distribution, the (Stats Canda) report finds a worsening situation with regard to wealth inequality. By quintiles, the largest gains in net worth accrue to the top quintile (up 43% from 1999) and things scale down from there; the bottom quintile had a 70% decline in net worth. In the supplementary tables, it is notable that there are now over one million households with over a million dollars in net worth. These households, 8.2% of families, hold 46.5% of the total net worth. Overall, the top 20% had 69.2% of total net worth, while the bottom 20% had 2.4% and the bottom 60% had 10.8%.
Which is why I say the working class should pay no taxes.
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Productivity
Taxes
Wealth
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