Quote:
Originally Posted by Devils'Advocate
Typically, when I talk to other activists, we talk about the disparity of net worth, rather than yearly income. And I think that is where the gross inequality lies.
I don't know where the line is in Canada. However, I can state that the 62 Canadian billionaires in Canada own 1/6th of the country's net worth. We're talking the Weston's, Arthur Irving, David Thomson, Frank Sobey, Edward Rogers III, etc.. That puts a sixth of the country's wealth in the hands of .00002% of the people. I don't care how hard they work - and most of them hardly work at all - they inherited most of that money and have others do the hard work for them - there is no way that so much money should be concentrated in the hands of so few.
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What do you propose is the solution? Robin Hood? I don't see any conceivable way to strip wealth from those who have amassed a fortune. You can tax their gains from investment perhaps, but you're not getting at the billions of dollars they're sitting on without some sort of wealth redistribution plan, and I for one am not comfortable with anything remotely close to that.