Archive for December 2014

Braodbent survey!

16 December, 2014 | Author

In a new nationwide survey among 3,000 Canadians conducted by Greenberg Quinlan Rosner Canada for the Broadbent Institute, Canadians were asked about their perceptions of inequality and the distribution of wealth in Canada. The findings demonstrate that Canadians vastly underestimate how skewed the distribution of wealth actually is and think there should be a much more equitable distribution.

Meanwhile, a large majority of Canadians believe income inequality has worsened in the last decade, and believe the government can — and should — do something to reduce the gap between rich and poor.

KEY FINDINGS – According to the nationwide survey, conducted online from September 10 to 23, 2014:

PLEASE SEE WEALTH INEQUALITY VIDEO –HERE.

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Thought on Labour

“The majority of any society comprised, Smith knew, not landlords or merchants, but "servants, laborers, and workmen of different kinds," who derived their income from wages. Their welfare was the prime concern of economic policy, as Smith conceived it. "No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable," he wrote. "It is but equity, besides, that they who feed, clothe and lodge the whole body of the people should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed, and lodged." The chief economic concern of the legislator, in Smith's view, ought to be the purchasing power of wages, since that was the measure of the material well-being of the bulk of the population. (p. 64)” ― Jerry Z. Muller, The Mind and the Market: Capitalism in Western Thought

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