Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Saturday, June 18, 2011

Tax policies may aggravate gap between rich and poor

OTTAWA—The Conservatives, who will soon deliver their post-election budget, are championing a set of plans that may accelerate Canada’s growing gap between rich and poor, a sign of inequality that has already reached troubling levels.

As in many other countries, Canada is witnessing a phenomenon in which the most wealthy are enjoying stunning increases in their income while the rest of society stagnates. It’s something that Finance Minister Jim Flaherty is likely to hear about in no uncertain terms in the parliamentary debate following the tabling of the budget on June 6.

The trend (long summarized as “the rich get richer while the poor get poorer”) is so pronounced globally that Angel Gurria, head of the industrialized world’s main think tank, is warning that income equality is becoming a “serious threat.”

Gurria, secretary-general of the Paris-based Organization for Economic Cooperation and Development (OECD), said in early May that disparities in income between those at the top and those at the bottom continued to grow even during the decade of global economic expansion prior to the 2008 recession.

Full Article
Source: Toronto Star 

No comments:

Post a Comment