Rich-poor gap could spark financial crisis in Canada: Report | Money | Toronto Sun - 1 views
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The gap between the rich and the poor in Canada is getting wider and could eventually lead to an economic collapse, according to a new report by a left-wing think-tank.
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Income for middle-class Canadians has remained stagnate since the 1980s, while the income of the richest 1% has increased dramatically
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When the rising savings of the rich are parked in the financial markets, but everyone else falls deeper into debt, a house of cards is created, producing the kind of economic instability that led to the 1929 financial sector crash and the market meltdown of 2008."
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The problems created by income inequality in Canada could possibly lead to a financial crisis.