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Hasdrubal





Joined: 30 Oct 2006
Posts: 1112
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votes: 5
Location: Nova Scotia

PostPosted: Tue Oct 21, 2008 9:47 am    Post subject: Income gap widens between Canada's rich and poor Reply with quote

Income gap widens between Canada's rich and poor, OECD study says

Under the Liberals the rich got richer & the poor got poorer, but under the Conservatives the trend has reversed.

Quote:
1 hour ago

TORONTO The gap between the rich and poor in Canada widened significantly in a recent 10-year period partly because Ottawa spent less on cash benefits than many other developed countries, the OECD says.

It was a reversal of the trend in the two previous decades when the gap was narrowing, the Organization for Economic Co-Operation and Development said in a report.

The report said both Canada's poverty and income inequality rates spiked between 1995 and 2005 until they both exceeded the 30-member organization's average.

The organization said Canada experienced an especially rapid increase in both numbers; only Germany's gap widened at a comparable rate.

The study, released Tuesday, found Canada's well-to-do enjoyed a more substantial income than their counterparts in other developed countries. The report said Canadians in the top 10 per cent income bracket were earning an average of $71,000, more than 30 per cent higher than the OECD average of $54,000.

While the average incomes for Canada's middle and lower classes also exceeded the OECD average, the margin was less pronounced at 18 per cent.

The OECD attributed the widening gap in part to the Canadian government's spending policies.

"Canada spends less on cash benefits such as unemployment benefits and family benefits than most OECD countries," the report said. "Partly as a result, taxes and transfers do not reduce inequality by as much as in many other countries. Furthermore, their effect on inequality has been declining over time."

The OECD said the rate of people living in poverty, or earning less than half the organization's average income, rose to 12 per cent during the study period, an increase of up to three percentage points. While the report found only six per cent of seniors were impoverished, it said 15 per cent of Canada's children were living below the poverty line.

But the study praised opportunities for social mobility in Canada, saying children of poor families stood a better chance of improving their circumstances over time.

OECD Secretary General Angel Gurria urged all governments to address the "divisive" issue of growing inequality, adding that efforts to educate the country's entire workforce rather than the elite were necessary to level the playing field for future generations.

"Greater income inequality stifles upward mobility between generations, making it harder for talented and hard-working people to get the rewards they deserve," he said in a statement.

"It polarizes societies, it divides regions within countries, and it carves up the world between rich and poor."

The Paris-based OECD is a group of 30 mostly developed countries that aims to promote economic growth and help governments fight poverty.



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kwlafayette





Joined: 03 Sep 2006
Posts: 6155
Reputation: 156.2Reputation: 156.2
votes: 28
Location: Saskatoon Saskatchewan

PostPosted: Tue Oct 21, 2008 9:57 am    Post subject: Reply with quote

The solution is this; if you feel you need more money, work harder. Redistributing wealth does not work, 100 years of progressive tax rules in this country prove that. When you take from Peter to give to Paul, all it does is tell Peter that if he does less, they will start taking from Luke and Simon, and giving to Peter and Paul. It tells Paul that there is no need to take an extra shift, or a course through correspondence or night school.
chrisreid





Joined: 29 Oct 2006
Posts: 182
Reputation: 64.1
votes: 5
Location: Melbourne, Australia

PostPosted: Tue Oct 21, 2008 10:33 am    Post subject: Re: Income gap widens between Canada's rich and poor Reply with quote

Conservatives don't care about the widening "gap" between the rich and the poor.
We should be worried if the gap actually narrows, it means it's harder for the producers in society to see a return on their investment, hence fewer jobs will be created.

I dunno what is with the obsession with an income gap. SHOCK some people make more money than others, it's not wrong, it's the result of a free market deciding which jobs are of more value. Left wing news outlets and organization seem to think they've stumbled across something new, it's time to squash that.

Hasdrubal wrote:
Income gap widens between Canada's rich and poor, OECD study says

Under the Liberals the rich got richer & the poor got poorer, but under the Conservatives the trend has reversed.

Quote:
1 hour ago

TORONTO The gap between the rich and poor in Canada widened significantly in a recent 10-year period partly because Ottawa spent less on cash benefits than many other developed countries, the OECD says.

It was a reversal of the trend in the two previous decades when the gap was narrowing, the Organization for Economic Co-Operation and Development said in a report.

The report said both Canada's poverty and income inequality rates spiked between 1995 and 2005 until they both exceeded the 30-member organization's average.

The organization said Canada experienced an especially rapid increase in both numbers; only Germany's gap widened at a comparable rate.

The study, released Tuesday, found Canada's well-to-do enjoyed a more substantial income than their counterparts in other developed countries. The report said Canadians in the top 10 per cent income bracket were earning an average of $71,000, more than 30 per cent higher than the OECD average of $54,000.

While the average incomes for Canada's middle and lower classes also exceeded the OECD average, the margin was less pronounced at 18 per cent.

The OECD attributed the widening gap in part to the Canadian government's spending policies.

"Canada spends less on cash benefits such as unemployment benefits and family benefits than most OECD countries," the report said. "Partly as a result, taxes and transfers do not reduce inequality by as much as in many other countries. Furthermore, their effect on inequality has been declining over time."

The OECD said the rate of people living in poverty, or earning less than half the organization's average income, rose to 12 per cent during the study period, an increase of up to three percentage points. While the report found only six per cent of seniors were impoverished, it said 15 per cent of Canada's children were living below the poverty line.

But the study praised opportunities for social mobility in Canada, saying children of poor families stood a better chance of improving their circumstances over time.

OECD Secretary General Angel Gurria urged all governments to address the "divisive" issue of growing inequality, adding that efforts to educate the country's entire workforce rather than the elite were necessary to level the playing field for future generations.

"Greater income inequality stifles upward mobility between generations, making it harder for talented and hard-working people to get the rewards they deserve," he said in a statement.

"It polarizes societies, it divides regions within countries, and it carves up the world between rich and poor."

The Paris-based OECD is a group of 30 mostly developed countries that aims to promote economic growth and help governments fight poverty.



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marklar





Joined: 03 Oct 2007
Posts: 186
Reputation: 38.5Reputation: 38.5Reputation: 38.5Reputation: 38.5
votes: 1
Location: Toronto, Ontario

PostPosted: Tue Oct 21, 2008 11:28 am    Post subject: Re: Income gap widens between Canada's rich and poor Reply with quote

chrisreid wrote:
Conservatives don't care about the widening "gap" between the rich and the poor.
We should be worried if the gap actually narrows, it means it's harder for the producers in society to see a return on their investment, hence fewer jobs will be created.

I dunno what is with the obsession with an income gap. SHOCK some people make more money than others, it's not wrong, it's the result of a free market deciding which jobs are of more value. Left wing news outlets and organization seem to think they've stumbled across something new, it's time to squash that.


And in study after study, "poverty" is always defined as a relative measure. In this case "Half the median income". Well that's not exactly poverty is it? poverty should be able to be simply defined as not being able to afford what are traditionally considered the necessities of life. Under a relative definition there will ALWAYS be poverty unless every person made exactly the same wage...and we all know what system would produce that.

Until a reasonable definition of "poverty" can be established these stuides are and will always be a total waste of time.

Also, notice in there:
Quote:
While the average incomes for Canada's middle and lower classes also exceeded the OECD average, the margin was less pronounced at 18 per cent.


So Canada is well above the OECD average income in all income catagories? That should mean our poor are living better, no? But yeah thanks OECD, no point expanding on that piece of information in the article, just rail on for another 5 paragraphs about how cash transfers to the poor aren't enough to reduce the phantom issue of "inequality".
langmann





Joined: 10 Oct 2008
Posts: 51
Reputation: 29Reputation: 29Reputation: 29

PostPosted: Tue Oct 21, 2008 4:54 pm    Post subject: Reply with quote

The gap has no bearing in reality. It is simply a mechanism for jealousy. The income gap between Bill Gates and I is huge, yet I can afford way more than my parents ever could within the same income bracket.

<b>The real issue is: are the poor better off than before?</b>

The answer is yes, percent income spent on living expenses is lower than ever, and purchasing power is higher. People in low income brackets have more devices in their home than ever. More people have cars and transportation. More people own houses.

That is what capitalism does, brings everyone up.

Everyone in East Germany was trying to get to West Germany even though East Germany had more "equality". The socialists need to seriously ask themselves why that is.
mrsocko





Joined: 29 Oct 2006
Posts: 2463
Reputation: 131.2
votes: 8
Location: Southwestern Ontario

PostPosted: Tue Oct 21, 2008 9:56 pm    Post subject: Reply with quote

Chris Reid wrote
Quote:
I dunno what is with the obsession with an income gap.


There socialists. What'd ya expect.
Craig
Site Admin




Joined: 29 Aug 2006
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votes: 36

PostPosted: Tue Oct 21, 2008 10:07 pm    Post subject: Reply with quote

Have you EVER seen a study that said that the income gap was shrinking? Didn't think so.
langmann





Joined: 10 Oct 2008
Posts: 51
Reputation: 29Reputation: 29Reputation: 29

PostPosted: Tue Oct 21, 2008 10:30 pm    Post subject: Reply with quote

Craig wrote:
Have you EVER seen a study that said that the income gap was shrinking? Didn't think so.


Yep, many. The gap occasionally shrinks even in Canada during economic booms, though it has not recently. However the numbers of Canadians making less than $15,000 per year has declined over the last 2 years.

Many studies showing the gap shrink in communist countries. We know how well that worked out.

Really the income gap is a crappy indicator. Sometimes it shrinks during booms other times it increases. Sometimes it is linked with real income other times it is not. Sometimes it is linked with how much a family is spending on basic living expensives and often it is not.

It simply remains a benchmark for socialists to incite jealousy in the population as it is easy to blame rich people for someone else's suffering. It is no different from the portrayal of Jews in the 1930's. In reality it means absolutely nothing and should not be a tool to design tax policy or poverty targets.
FF_Canuck





Joined: 02 Sep 2006
Posts: 3360
Reputation: 73.4
votes: 17
Location: Southern Alberta

PostPosted: Wed Oct 22, 2008 6:25 am    Post subject: Reply with quote

I heard a friend remark the other day, in response to something like this, that this is one of the only places in the world where 'our poor have TVs and DVD collections, and our homeless people are fat'. A little flippant, but raises a good point, I think.
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Income gap widens between Canada's rich and poor

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