Professor Robert Reich:
Ultra-wealthy elites…Political corruption…Vast inequality…
These problems aren’t new — in the late 1800s they dominated the country during America’s first Gilded Age.
We overcame these abuses back then, and we can do it again.
Inequality is little different in Canada than in the USA.
Relying on 2016 statistics assembled by the Parliamentary Budget Officer, the Canadian Centre for Policy Alternatives shows that the 87 richest families in the country each hold, on average, 4,448 times more wealth than the typical family. Together these 87 families hold more wealth than the bottom 12 million Canadians combined.
With Inflation for the Majority, Profit for the Privileged, Oxfam, the 81-year-old confederation of charitable organizations, says one-fifth of one-percent of Canadians control double the wealth of the bottom half of the country’s population.
We are living through an unprecedented moment of multiple crises. Tens of millions more people are facing hunger. Hundreds of millions more face impossible rises in the cost of basic goods or heating their homes. Poverty has increased for the first time in 25 years. At the same time, these multiple crises all have winners. The very richest have become dramatically richer and corporate profits have hit record highs, driving an explosion of inequality.
Indirect profits explain why the wealthiest citizens of North America are so determined to control major media properties. They convince many of us to vote against our own interests.
Categories: Inequality
in-sights.ca 
And they pay less in taxes than the rest of the citizens in their countires, on a prorated basis. They own the media in one manner or another and as you say they convince people to vote against their own interests.
When I was a kid there was a cartoon, Lil Abner, and the General used to say, What is good for General Motors is good for everyone. It always made me laugh because I’d already figured out no one on our street had much in common with the millionaires. Most of them didnn’t care about the rest of the people around them, just how much money they made and how much lower their taxes could be.
It does a;ppear that society is returning to the “golden age” for the .01%ers and for the rest, a return to a higher poverty rate.
Bezos is on the richest people in the world, yet the workers at amazon struggle to make a living wage.
Musk, there isn’t much good to say about him. Huis latest comments says, Jews hate white people. How ignorant is he.
He nor Zuckerberg appear to care what their product does to other humans, even if it results in the death of many.
As they used to say, the rich get richer and the poor get poorer. These days that includers the middle class as poor because it isn’t what it used to be when I was growing up. Things started to change in the 1980s and haven’t gotten better since for billions on this earth
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“As they used to say, the rich get richer and the poor get poorer. These days that includers the middle class as poor because it isn’t what it used to be when I was growing up. Things started to change in the 1980s and haven’t gotten better since for billions on this earth”
Indeed. I graduated high school at that time and had a brief period of relative affluence working in the military. Then, the Mulroney era hit and it’s been downhill from there. They call me a boomer, but no, not the case.
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