Quote:
Originally Posted by CorsiHockeyLeague
This is the crux of my problem with this whole attitude - Sliver and people in his economic situation are nothing like oligarchs.
It's just the "everyone who drives slower than me is an idiot and everyone who drives faster than me is a maniac" thing, but in the context of earnings. It's like everyone who earns more money than the average person gets lumped together as "the problem". There is a vast difference from someone who is well-off - say, making $400k in taxable income in a year as a surgeon, or running a small business that's doing well, and a guy with $30 million in net worth making smart investment bets and earning passive income. And there's then another massive difference between that guy and a billionaire. It's like comparing someone who works minimum wage in Calgary to a poor person in Somalia - your entire outlook is too simplistic.
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OK. But let’s be clear that someone with a taxable income of $400k is rich - probably in the top 2-3 per cent in income in one of the richest countries in the world. And the social and economic problems of inequality that we’re experiencing in Canada today aren’t just about the oligarchs vs the 99.5 per cent. The top 10 per cent is pulling away from the 90 per cent as we become a winner-take-all society. And housing is absolutely one of the areas where this is an evident and worsening problem.
But since we don’t like to talk about class in Canada, we pretend that households earning $40k, $90k, $150k, and $400k are all middle class and all being screwed over by the Jeff Bezos and Elon Musks of the world.