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lebiez piranaj

For richer, for poorer | The Economist - 1 views

www.economist.com/21564414

gini coefficient disparities inequality income distribution

shared by lebiez piranaj on 16 Jan 13 - No Cached
  • the share of national income going to the richest 1% of Americans has doubled since 1980
  • rise in disparities all along the income distribution
  • best-known way of measuring inequality is the Gini coefficient
  • ...15 more annotations...
  • global inequality has started to fall even as inequality within many countries has risen
  • inequality rises in the early stages of industrialisation as people leave the land
  • inequality has been on the rise for three decades
  • people at the bottom and even in the middle of the income distribution are falling behind not just in relative but also in absolute terms
  • Too often high-tax welfare states turned out to be inefficient and unsustainable
  • Europe France’s new president, François Hollande, wants a top income-tax rate of 75%
  • The mainstream consensus has long been that a growing economy raises all boats
  • of the tendencies that are harmful to sound economics, the most seductive and…poisonous is to focus on questions of distribution
  • Some societies are more concerned about equality of opportunity
  • The unstable history of Latin America, long the continent with the biggest income gaps, suggests that countries run by entrenched wealthy elites do not do very well
  • America’s presidential election is largely being fought over questions such as whether taxes should rise at the top
  • a big driver of today’s income distributions is government policy
  • a lot of today’s inequality is inefficient
  • reflects market and government failures that also reduce growth
  • it is about attacking cronyism and investing in the young
  • lebiez piranaj on 16 Jan 13
     
    The article talks about how inequality may have decreased worldwide but it is increasing more and more in specific countries, Canada has fairly high inequality and there are propositions to tax the rich or redistribute income using other strategies. 
JJ Igra

Budget watchdog finds average public service job costs $114K - 0 views

www.cbc.ca/...p-page-cost-civil-service.html

JJ King Goverment

shared by JJ Igra on 12 Dec 12 - No Cached
  • JJ Igra on 12 Dec 12
     
    The average public servant costs taxpayers $114,100 a year in total compensation. "Total compensation (per full-time employee) in the federal workforce outpaced not only CPI (inflation), but also that of the Canadian business sector and provinces and territories over the study period," the report states. Although the government has recently announced new restraint measures that will cut the number of public servants, the PBO estimates that average compensation for salaries and benefits will reach $129,800 in the next three years. Canadian Taxpayers Federation federal director Gregory Thomas said he found some of the numbers "staggering," particularly since average household income growth is in the neighbourhood of one per cent. "This government has been in office for six years, you wonder when are they are going to get serious about controlling payroll costs," he said. Ottawa recently announced it has already shed about 11,000 in the first six months of the program. When the current austerity measures are completed, the public service will decline to 349,000, if Ottawa sticks with the program. "The period between 2012-13 and 2014-15 resembles those of the mid-1990s, as both personnel expenses and federal employment (are) reduced," the report states. "The PBO expects a significant slowdown in personnel expenses, given assumptions about baseline employment." Compensation is expected to continue to grow, although not at the rate of the past 13 years. The report projects that by 2014-15, the average annual compensation for a federal employee will rise to $129,800, a growth rate of 4.4 per cent per annum. That is a few thousand dollars less than would have been the case without the restraint program. The PBO complains, however, as it has in the past, that it has not been given sufficient information about how the restraint program is being implemented, or its impact. "As such, parliamentarians do not have the resources with which to determine areas of priorit
  • JJ Igra on 12 Dec 12
     
    Questions: With the government cutting off public servant, how will this effect the distribution on public services provided to Canadians Is there other alternatives the government can consider rather than laying off public servants to decrease the government's expenditure?
lebiez piranaj

Canada must address growing income inequality: Broadbent Institute - 1 views

www.vancouversun.com/...story.html

inequality canada income growing poverty address

shared by lebiez piranaj on 17 Jan 13 - No Cached
  • Canada is moving in the wrong direction and must address its extreme and growing income inequality, according to a new discussion paper from the Broadbent Institute
  • affordable housing, improvements to Employment Insurance, “fair” taxes and a national prescription drug program — is needed to address the problem.
  • “It’s not as if we don’t have the wealth, but it’s the distribution of the wealth that really matters.”
  • ...5 more annotations...
  • between the mid-1990s and the late 2000s, Canada had the fourth-largest increase in income inequality out of 17 peer countries. Canada was ranked 12th out of those countries, a slip to “below the average.”
  • a commitment to equality must come from all levels of government, leadership must come from the feds,
  • There is no “single magic bullet,” to achieve greater equality
  • Most Canadians grew up with the expectations that their son or daughter could be whatever they want to be, whether it’s a hockey player or a brain surgeon … now the reality is, if you want to live the ‘American dream’, you should move to Sweden
  • The federal government has many of the key levers — especially income security programs, a progressive tax system, and transfers to the province — needed to combat inequality,
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