Given the current state of the economy and governmental policy, it’s unsurprising that so many are lured by the appeal of passive income.
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New research has found that immigrants’ income falls behind once they turn 50 and their disadvantage only gets worse as they continue to age.
Prime Minister Justin Trudeau shakes hands with New Democratic Party leader Jagmeet Singh as Conservative leader Pierre Poilievre looks on at a Tamil heritage month reception in January 2023.
THE CANADIAN PRESS/Adrian Wyld
You may feel little sympathy for people in the top bracket of earnings, but don’t let that stop you reading. Like it or not, their views and actions matter to everyone
Levying substantial taxes on the super-rich would lead to far more societal benefits than harms. What’s taking us so long?
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The costs of high taxes on the rich are likely only to be moderate. But the democratic, environmental, and health benefits are truly enormous and could transform society and dramatically.
Buildings sit in the water along the shore following Hurricane Fiona in Rose Blanche-Harbour Le Cou, Nfld. Fiona left a trail of destruction across much of Atlantic Canada.
THE CANADIAN PRESS/Frank Gunn
Amid a number of major crises, the world clearly needs radical change. But what will it look like? The desire to return to pre-pandemic ‘normal’ is powerful, but ‘normal’ is what got us where we are today.
Food prices are soaring.
Jim Watson/AFP via Getty Images
Soaring inflation in the US has been driven in part by large increases in the price of groceries – a burden that falls disproportionately on lower-income families.
The latest data shows early access to super in the pandemic widened the retirement savings gap between men and women. Housing affordability is a serious problem, but depleting super isn’t the answer.
A woman walks past the Bank of Canada building in Ottawa in September 2017.
THE CANADIAN PRESS/Adrian Wyld
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
Most U.S. pandemic policies are not helping those most vulnerable to dying from both COVID-19 and pandemic-driven unemployment, including Blacks, the less educated and the poor.
AP Photo/Gene J. Puskar
Most pandemic policies have benefited those already best off in US society and ignored people for whom neither mass shutdowns nor reopening offer relief.
A man steps out of the trailer he lives in at a homeless encampment at Strathcona Park in Vancouver in December 2020.
THE CANADIAN PRESS/Darryl Dyck
Adopting a universal basic income requires a fundamental restructuring of the existing social safety net in Canada, and would not necessarily conquer income inequality and poverty.
Fast food is growing in popularity with Ghanaians.
Wikimedia Commons
Hundreds of thousands of Australians are forced into inadequate or unhealthy housing by high housing costs.
Women of the Peppimenarti community, about 320 km south-west of Darwin. The statistics suggest Indigenous households in remote and very remote areas are more effective at managing money to avoid hardship.
AAP Image/Dan Peled
Robert Breunig, Crawford School of Public Policy, Australian National University and Boyd Hunter, Australian National University
We decided to dig into the statistics and compare the experience of financial stress in Indigenous and non-Indigenous households.
Our findings surprised us.
Should wealthy Canadians pay an inheritance tax? In this photo from 2002, David Thomson listens during the annual meeting of Thomson Corp. The Thomsons are considered Canada’s richest family.
(CP PHOTO/Aaron Harris)
Canada is the only G7 country that doesn’t have an inheritance tax. A new report says that should change. The idea of sharing the wealth from one generation to another is not new.
News that Australian CEO pay has soared to a 17-year high at a time when ordinary workers’ wages are flatlining is ultimately bad news for economic growth and prosperity.
Competition between neighbours, rather than between strangers living far apart, amplifies inequality. This can lead to homicide and civil war.
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