Group items tagged

Q1: What would be your solution to this inequality? Would it really affect people(help teachers; students; any consequences)? Q2: Would your choice be efficient to the state? What would be opportunity costs for your solution?

1. my solution to this inequality would be to increase taxes on the wealthy and decrease for the poor and focus the use of taxes more on public schools because that's where it's needed most. Since the problem isn't really about the taxes, it's the rich people themselves and their attitude toward public services so there should be a policy where rich have to support at most, public schools. 2. Yes my choice would be efficient because this way you can at least reduce the wealth gap between the wealthy and poor. The main opportunity cost for my solution is paying more taxes but for a better result in education and basic necessities needed in schools for students to be educated properly.

- In the past 5 years, consumer debt has increased by 53% - The most borrowing occurring in the two years right after the global financial crisis. - Canada's household debt to income ration jumped to 163.4% - Canada's debt-to-income ratio has now reached a record high, topping levels seen in the U.S - Currently, the Canadian housing market is in a state of decline, with home sales dropping 15 per cent in September.

#2 what is causing the debt ratio to increase drastically ?

This is the article Netan and Suyang are presenting regarding the Euro Crisis.

Canadian debt loads grew at their fastest pace in two years during the summer

Non-mortgage debt jumped 4.6 per cent

Household market debt has risen to 163% of disposable income

Canadian spending rose by 3.45 per cent during the fourth quarter of 2012 October 2012 experienced the strongest growth, with a 4.93 per cent increase in spending, Boxing Week spending was up 5.35 per cent, compared to 2011

From the mid 1990's - late 2000's Canada had the fourth largest increase in income inequality among it's peers. Income inequality, along with corruption, were named as the two most serious challenges facing the world at this year's World Economic Forum in Davos. the impact of the growing income gap has gather little attention in Canada market forces and globalization are increasing disparity, along with institutional shifts such as dwindling unionization rates and stagnating minimum wages.

The S&P/TSX composite index rose 70.06 points to 12,404.40, as key commodities prices moved higher. The TSX Venture Exchange gained 2.11 points to 1,178.11. March copper declined about four cents to US$3.61 a pound while February gold bullion moved ahead $3 to US$1,673.70 an ounce. In Europe, the FTSE 100 index of leading British shares was up 0.6 per cent at 5,968 while Germany's DAX rose 0.2 per cent at 7,667. The CAC-40 in France was 0.4 per cent higher at 3,661.

Consumer debt as a percentage of income is highest in BC, Alberta, and Ontario where house prices are highest