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Most of the income gains of the past three decades, the report argues, were realized by only wealthy Canadians. The paper suggests that social and economic rights be added to the Charter of Rights and Freedoms alongside Canadians' political and civil rights, in order to fulfil its "security of the person" provision. For every dollar increase in national earnings over the last 20 years more than 30 cents have gone to the top one per cent while the remaining 70 cents have been shared across the other 99 per cent of Canadians. The final section of the report is prescriptive, outlining several ways to combat growing income equality: -Good jobs: changes to economic policies to promote the growth of middle-class jobs, including trade and foreign investment policies that protect labour rights and environmental standards and strong investments in child care, public education and skills training. -Income supports: changes to the government programs targeted at low-income Canadians and those in short-term need, such as employment insurance, Old Age Security, the Canada Pension Plan, provincial welfare systems and other income supports and tax benefits targeted at low-income families with children and the working poor. -Expanding public services: the report argues that for the majority of Canadians public services are a good deal; The value of education, health care, child care and other public services annually exceeds the taxes paid by middle-class and low-income Canadians. At the same time, some reforms are needed, it acknowledges. -Fair taxes: changes to Canada's tax system are necessary, it argues, pointing out Canada's taxes as a share of national income (31 per cent) are below the average of the world's industrialized countries (34 per cent), squeezing funding for public services.

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.

Questions: 1. Do you think that eventually Canada will have no choice but to sell its natural resources to the other world powers? Can this be a good change? 2. Canada and the USA share a lot of history and do a lot of activities together, do you think that being financially independent will make us rely less on the US ?

This article talks about how the government is doing very good with reducing the inequality with the tax cuts and all but that they could be more aggressive. It's suggesting that we need a new redistribution plan but mainly focuses on what it counts to be the most important thing in getting rid of the debt, the governments role in all this. Asks questions like what if the government had made different decisions. 

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. 

most people don't realize that income inequality effects us all and not just the poor. Our market-driven ideology has lead to the increasing income gap and needs to be changed. The reductions of income tax. Not only reductions of income tax and the disproportionate benefits to upper-income [individuals] takes away the money that's needed for post-secondary education, for health care, for Canada pensions, worsening the income gap.

Capital Economics, which has one of the most bearish outlooks on the Canadian economy, noted the strong jobs growth was in stark contrast to the other recent economy data. The federal agency said the national unemployment rate slipped by one-tenth of a percentage point to 7.1 per cent, its lowest level since December 2008 The recent strength of employment growth will probably convince the Bank of Canada to stick with its existing position that interest rates will eventually need to rise at this month's policy meeting

The problems created by income inequality in Canada could possibly lead to a financial crisis.