Monday, October 17, 2011

Canadian parliament from the Musée Canadienne ...Image via Wikipedia

Link of the Day, October 17 2011: ‘The slogan of Occupy Wall Street is “We are the 99%.” So, who are the 1 per cent in Canada? A 2010 report by the Canadian Centre for Policy Alternatives (CCPA) by Armine Yalnizyan documents “The Rise of Canada's Richest 1%.” There are 246,000 of them and their average income is $403,000. They hold 13.8 per cent of incomes, and pay some of the lowest taxes that the top 1 per cent have ever paid, historically.'

Read the facts here about our 1 percenters, in the article by Justin Podur in Socialist Project • E-Bulletin No. 556 October 16, The Logic of Occupy Wall Street for Canada. This establishes that inequalities in Canada have grown faster even than in the US, under recent Conservative governments.

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