Canada's Growing Income Gap: Where is the Limit?

25 thoughts on “Canada's Growing Income Gap: Where is the Limit?”

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  How much is too much when it comes to income disparity in Canada, and just how much should we expect the wealthy to pay in taxes? We'll look at the latest Statistics Canada income report.

• No limit the more money you earned, the more you or your enterprise used of the infrustructure. The lower income folks need to be lifted up so they can pay a little more tax and have a little more money to support private businesses. Everybody wins with this attititude.

• The divide in Canada is getting wild. I make over 6 figures at one job and work nights 2 days per week as well just to keep from falling behind. They wonder why young people aren’t having kids? Who can afford it…

• Always look forward this your news Marc. As a visual learner, as you pump out your numbers when comparing some graphs or showing comparison numbers either on a separate presentation or pop up numbers while you are on the same screen off to the side. 🙂 Meg

• Marc, I love your videos. Can I make a suggestion please? When rambling all the stats, can you flash those numbers on the screen as well too. I have a hard time following as you speak quickly. Many thanks

• Eastern voters destroying this country

• NS old min wage was 14.60. I received my yearly raise up to $15, and then in October, everyone else started making the exact same. 0 motivation to stay within a company to scale up.
  I'm trying to negotiate wages, but it's been 2+ months with no luck.

• I understand the argument that the 1% paying 20% of taxes might seem high, but at the end of the day a society works when everyone has their basic needs met without much stress, which is not happening in Canada right now, I'm in the 1% of earners and if tomorrow the government decides to reduce the tax bill of the "middle class and poor class" and increase the taxes on the wealthy I think I would be okay it

• i always said that if you want to reduce salary gap, the government should make a law to limit ceo wage maybe 20 to 100 times of the average workers salary in his business, so if ceo wants a raise, he needs to raise his employees before.

• I'm totally with you on the top 1% earning 10% of all wealth and paying over 20% of income taxes…where is the motivation for working harder in that? Nope, I'm no where near them, still… The conflict between capitalism and (social) parity I suppose. Great video, I'm one of those who look forward to your updates. Thank you!

• The best way to transfer money from the 1% to the middle and poor classes is via a salary increases. After all these classes are the people who generate the income for the 1%. However decades of corporate, individual, and political greed have suppressed salaries resulting in todays income inequalities.
  The only way to transfer money from the 1% today is not through some sort of altruistic generosity from them (HA), but instead by taxes and governmental intervention.
  Dont bring up charity either. Charity by the rich and corporate is for the tax reciept. Ask the average person if they want a salary increase or to see a rich person give to charity and see what the answer is.

• I stop at 4:43 to write this comment. You need a chart to show what you are saying. A picture is worth a thousans words.

• I never understand how people can afford rent in Vancouver…

• since taxes are built into every product and service plus sales tax, whoever buys the most pays the most taxes.

• man… how much money are governments being forced to spend to regulate airbnb?

• Wow this is a complete disappointment as I thought this channel was all about unbiased economy/financial analysis. Clearly not, per the first 2-3 mins!

• Ironically governments that spend money to supposedly help the poor end up creating inflationary environments that end up helping the rich who own more hard assets.

• Waiting for ATD results on Nov 28…but want a whole show on them! …please…

• Who is supposed to buy the stuff we need to buy to keep the system going if 50% of us are earning less? I would be all for a wage increase for the lowest 50%….the trial balloon for tax relief on the high income earners…that isn't going to fix the problem, except to increase pressure to reduce what re now called 'entitlements' like health care or other services that the lower 50% need but the top earners dont really need and can buy elsewhere.

  The fake license idea will possibly show up in your taxes. if you are not living in your house then your property taxes are higher. not living in your house then when you sell it is not your prime residence and you get to pay $$…so illegal and stupid idea.

• Soo… Invest in guillotine factories then?

• Great video! Any links for the income data mentioned in the first half?

• Not surprised, Trudeau and Freeland subscribe to the 2030 WEF agenda, i.e. they keep getting richer, you keep getting poorer and basically the destruction of the middle class

• It’s nonsense to question whether the 1% and above are paying their fare share. Clearly they are not. My heart bleeds for those folk…not.

• Happiness and a low income gap are closely related. The earlier Canada realizes that, the better

• In Canada, middle class is dying with the inflation. We have a huge pay gap with our neighbour US. We were being paid slightly ahead of US in healthcare 10 years ago. Now we are approximately 25% behind by a direct comparison from USD pay to CAD pay. (With Fx conversion, nearly 40-50% gap and with taxes considered more than 50% gap) We are gonna lose a lot of workers if this not not adressed soon. Sad…

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