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Originally Posted by CorsiHockeyLeague
I think the bigger question is more about whether it makes policy sense, and whether the people who are in that upper middle class "professional" sort of income bracket are the people it makes sense to target with new tax increases.
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It does. People in that income bracket pay considerably less taxes than their counterparts in the egalitarian countries (the Nordic, Germany, Netherlands, etc) that educated Canadians like to compare their public services to.
Quote:
Originally Posted by CorsiHockeyLeague
Someone making $300,000 in employment income a year is wealthy, certainly compared to the average Canadian. But they're not the sources or beneficiaries of growing income inequality - that would be the people who own media conglomerates and grocery store chains, not a cabin in Invermere.
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The growing gap between the professional classes and the working class
is the main driver of inequality today. Especially when the widening wage gap has been compounded in recent decades by assortative mating and the collapse of marriage among the working class and poor.
https://www.theatlantic.com/ideas/ar...uences/675333/
The enormous difference in opportunity and lifestyle between a single mom raising a kid on $45k a year vs a household with two educated professionals with a combined income of $300k+ is more salient to the lived experience of most Canadians - and to our social cohesion - than how many billions the Thomson family have amassed in their portfolio.
It’s the routine trips to Cancun and Disneyworld the professional class take their families on in spring break that leave working class parents feeling inadequate. The increasingly expensive elite sports programs the professional class put their kids in that exclude working class kids. And the property inherited from parents and grandparents that’s dividing society into those who own homes and those who never will.
https://www.theatlantic.com/magazine...ocracy/559130/
https://www.bostonreview.net/article...es-inequality/