Jump to content
Political Discussion Forums

Occupy Wall Street Sept 17 2011


Recommended Posts

Hey, when I’m being accused of something by someone without the obvious facts, I’ll tend to qualify myself…….

And I’m not the least bit agitated by them…..I think it will be live “entertainment”……..As for store windows being smashed…..well let’s say a small percentage of the population of greater Vancouver has set a precedent of going bat shit crazy when the Canucks lose or Guns & Roses cancels a concert…….When we have again, a small portion calling for revolution, my spidy senses kick in………A for the eat Rat Shit…….Merely me alluding to the French Revolution and Marie Antoinette’s “let them eat cake”….well when these “revolutionaries” are living in their own filth and attracting rats……I’m sure you see the connection now

Oh I saw the connection already, it just disgusts me that you would wish that on other people's children, and think it's funny.

It's not.

Mammabear's mad at you now. :ph34r:

I agree that garbage attracting rats is not cool. Garbage collection, water and portapotties would help. I'm sure surrounding businesses will appreciate it.

Better wear your trendy rubber boots for the "filth".

What's your sign going to say?

Hey ... how 'bout you hold up a sign advertising consultation for offshoring wealth! :P

Just curious ... since when did a Vancouver hockey pissup brawlriot have anything to do with "calling for a revolution"? :lol:

Edited by jacee
Link to post
Share on other sites
  • Replies 1.4k
  • Created
  • Last Reply

Top Posters In This Topic

Guest Derek L

Oh I saw the connection already, it just disgusts me that you would speak of people's children that way and think it's acceptable. It's not.

Mammabear's mad now.

Well, if other people are raising their children to be what I think of as idiots……..and their cause de celebre is to take my money away from my family, the amount of respect I feel for them is nil.

I agree that garbage attracting rats is not cool. Garbage collection, water and portapotties would help. I'm sure surrounding businesses will appreciate it.

Did the French, American, Russian and various Arab revolutionaries require the toilets of strangers to succeed in their cause? This in of itself is reason enough to not take these kids seriously…….

Better wear your trendy rubber boots.

What's your sign going to say?

Hey ... how 'bout you hold up a sign advertising consultation for offshoring wealth!

Haven’t though of one yet……but if you see on any news coverage a middle age man with three teenage boys in tow (Me, my son and nephew and their friend), all wearing matching shirts you'll know who it is ;)

Just curious ... since when did a Vancouver hockey pissup brawlriot have anything to do with "calling for a revolution"?

We'll see, these kind of events tend to bring out the worse in the locals………perhaps Vancouver will gain further fame for having the first violent protest. :ph34r:

Link to post
Share on other sites

Well, if other people are raising their children to be what I think of as idiots……..and their cause de celebre is to take my money away from my family, the amount of respect I feel for them is nil.

Did the French, American, Russian and various Arab revolutionaries require the toilets of strangers to succeed in their cause? This in of itself is reason enough to not take these kids seriously…….

Haven’t though of one yet……but if you see on any news coverage a middle age man with three teenage boys in tow (Me, my son and nephew and their friend), all wearing matching shirts you'll know who it is ;)

We'll see, these kind of events tend to bring out the worse in the locals………perhaps Vancouver will gain further fame for having the first violent protest. :ph34r:

Perhaps.

I had a shirt made for you:

All my money went to

the Caymans

And all I got

Was this

Shirt

Link to post
Share on other sites
Guest Derek L

Perhaps.

I had a shirt made for you:

All my money went to

the Caymans

And all I got

Was this

Shirt

And I’ll make one for you:

Without Socialism, I wouldn’t have gotten this shirt off of a “rich” person’s back…. :P

Link to post
Share on other sites
Guest American Woman
The Tea Party was hijacked by the right, OWS is being hijacked by the left. What they both initially stood for is being lost in all the rhetoric but it will not be forgotten, you will see it coming back in another form.

The Tea Party, from my understanding, is part of the Right. As for Occupy Wall Street, I believe that was mostly represented by part of the Left.

As for what they both originally stood for, I'm not sure what OWS originally stood for. I'm not sure anyone does. I see a lot of anger over the rich being such a small portion of the population - isn't that the way of it? Most of us aren't rich. Does that mean our lives suck? Personally, I'm really thankful for the life I have, the opportunities I've had, the country I live in. I'm not sure what people expect to happen - are the rich supposed to give their money to the rest of us? A number of rich people do give to charities, but I don't see why they should be obligated to share their wealth with everyone who has less money than they do. Most of us have more money than the truly poor, the poverty stricken, but we aren't stripping down to bare basics to give a good portion of our money to them, so how are we any different from "the rich?"

I'm not saying that there shouldn't be more equity in pay scales, with the percentage CEO's are getting that much higher than the workers - I've always been a supporter of unions - but it's not always a matter of black-and-white, either. I would wager that most CEO's weren't born at the top of the corporation, but worked their way up - by looooong hours at not-so-great pay, for quite some time. How many of us are wiling to do that?

In many instances, I think the high salaries came at the expense of free time and time with family. I would rather have the free time and time with family myself. Would I trade that time, those experiences, for more money? No, because I think I'm "richer" in a different way than people who have spent their lives so busy making money that they didn't make what I consider a life. So why shouldn't they have more money? Shouldn't people who devote more time, more money invested in education, etc. have more money than those who don't? I don't understand this idea that everything should be so equal money-wise.

I'm most definitely not one of the people "at the top," yet I can't help but look around at all that I have, all that I've done, and wonder - just what do people expect??

I have two daughters with student loan debt and they don't have the time to spend on Wall Street. They are busy - one working and going back to college, the other one's married and working and raising a family and just closed on their first house. They aren't whining about the rich - they don't think they have it bad - they aren't crying because "the rich have more than they do - boo hoo!" A lot of life is about the effort one is willing to put into it, the choices one makes - as well as one's priorities. Generally if one's major priority is to make money, that will be the accomplishment. But I swear some want it all - tons of money, tons of free time, etc, without putting a whole lot of effort into it.

This is what I see as the problem with Occupy Wall Street; I really think they are sending the wrong message - and I believe that anyone who chooses to spend that much time camped out on Wall Street is not doing what they should be doing to change their situation.

Link to post
Share on other sites

Greed is stupidity...kindness such as corporate bailouts...supports that stupidity...making stupid people strong and dominant....for instance - If a hungry man asks for bread - It is intelligent that I grant him charity...because in time I will be hungry and if I do not show him kindness - he will not return the favour....where as if you ask a greedy man for bread and he refuses you...In time that greedy man will be hungry and he will be refused - so greed in the long run is real stupid.

Link to post
Share on other sites
Guest American Woman

Greed is stupidity...kindness such as corporate bailouts...supports that stupidity...making stupid people strong and dominant....for instance - If a hungry man asks for bread - It is intelligent that I grant him charity...because in time I will be hungry and if I do not show him kindness - he will not return the favour....where as if you ask a greedy man for bread and he refuses you...In time that greedy man will be hungry and he will be refused - so greed in the long run is real stupid.

I want to clarify - again - that I'm not referring to "poverty stricken" people; the people on Wall Street are running around with laptops/iPads/cell phones and what have you. That doesn't fit my definition of "poor" and I don't understand their whining about the fact that only a small percentage of people are "rich." Most poverty stricken people don't have the opportunity or means to be twittering away about how bad they have it.

Link to post
Share on other sites
Guest American Woman

Today is apparently a global Occupy day in support of those who began at Wall Street. This hasn't died yet. It's gaining momentum, whether we like it or not.

What's to like - or more importantly - not like? Again, I have no idea what they hope to accomplish - other than to make themselves feel good - and some others, too, apparently. But that "feel good" feeling won't last - what lasting effects does anyone think this will have? In order to make changes, someone has to feel pressure - they would have to feel as if their position is threatened. Who would that be? Why would anyone feel compelled to make changes as a result of this "occupation?"

Link to post
Share on other sites

The Tea Party, from my understanding, is part of the Right. As for Occupy Wall Street, I believe that was mostly represented by part of the Left.

As for what they both originally stood for, I'm not sure what OWS originally stood for. I'm not sure anyone does. I see a lot of anger over the rich being such a small portion of the population - isn't that the way of it? Most of us aren't rich. Does that mean our lives suck? Personally, I'm really thankful for the life I have, the opportunities I've had, the country I live in. I'm not sure what people expect to happen - are the rich supposed to give their money to the rest of us? A number of rich people do give to charities, but I don't see why they should be obligated to share their wealth with everyone who has less money than they do. Most of us have more money than the truly poor, the poverty stricken, but we aren't stripping down to bare basics to give a good portion of our money to them, so how are we any different from "the rich?"

I'm not saying that there shouldn't be more equity in pay scales, with the percentage CEO's are getting that much higher than the workers - I've always been a supporter of unions - but it's not always a matter of black-and-white, either. I would wager that most CEO's weren't born at the top of the corporation, but worked their way up - by looooong hours at not-so-great pay, for quite some time. How many of us are wiling to do that?

In many instances, I think the high salaries came at the expense of free time and time with family. I would rather have the free time and time with family myself. Would I trade that time, those experiences, for more money? No, because I think I'm "richer" in a different way than people who have spent their lives so busy making money that they didn't make what I consider a life. So why shouldn't they have more money? Shouldn't people who devote more time, more money invested in education, etc. have more money than those who don't? I don't understand this idea that everything should be so equal money-wise.

I'm most definitely not one of the people "at the top," yet I can't help but look around at all that I have, all that I've done, and wonder - just what do people expect??

I have two daughters with student loan debt and they don't have the time to spend on Wall Street. They are busy - one working and going back to college, the other one's married and working and raising a family and just closed on their first house. They aren't whining about the rich - they don't think they have it bad - they aren't crying because "the rich have more than they do - boo hoo!" A lot of life is about the effort one is willing to put into it, the choices one makes - as well as one's priorities. Generally if one's major priority is to make money, that will be the accomplishment. But I swear some want it all - tons of money, tons of free time, etc, without putting a whole lot of effort into it.

This is what I see as the problem with Occupy Wall Street; I really think they are sending the wrong message - and I believe that anyone who chooses to spend that much time camped out on Wall Street is not doing what they should be doing to change their situation.

Very well said.

I also don't understand the mentality of these people.

I know people who worked much harder than me through high school and university, taking very little time to go out and party. They graduated with little debt and good jobs and were buying multiple properties within a couple years. I went out every weekend spending $50-100, didn't work, and lived off student loans and my credit card. Then I had to bust my ass after graduating to get a decent job, pay off my debt, and to start investing. Why should I get to relax for 4-5yrs of university and expect the same financial outcomes as people who studied harder than me while working part-time and forgoing partying?

I'm not 6'8", 260lbs of athleticism so I don't think I should be entitled to the money people pay to go watch Lebron play basketball. I don't see how it is fair to take more of his excessive income and redistribute it for "the greater good"? Why not just put all the big athletic blacks in a cage in the state circus and make people pay admission to watch them? Pay them each a "fair" $150,000/yr and use the rest of the admission to pay for everyone's health care for the greater good! They just inherited their genes like some people inherited their wealth right?

The road to hell is paved with good intentions. As idyllic as it sounds to take from the rich and give to the poor, it's not the least bit fair in a "free" society.

Edited by CPCFTW
Link to post
Share on other sites

I want to clarify - again - that I'm not referring to "poverty stricken" people; the people on Wall Street are running around with laptops/iPads/cell phones and what have you. That doesn't fit my definition of "poor" and I don't understand their whining about the fact that only a small percentage of people are "rich." Most poverty stricken people don't have the opportunity or means to be twittering away about how bad they have it.

The problem with our system is money spawns more money. In effect you can eventually grow a fortune out of thin air if you know the game and are privledged enough to be part of something that is void of human responsilbity. Sure the kids have lap tops - and they have another thing - the idealism of youth - They actually in their innocence care about the fact that some exective gets 20 million to go away after doing a poor job - while another person scrambles for a bite to eat...while the endoctrinated young up starts on Wall Street justify their actions through the reverse telescope of Darwinian justification - and they believe they are the fittest - that they are the strong - and it is natural that they sit on top of the human heap..but in reality - these folks would not survive in the natural world - and Darwinism from a finacial point of view is a mistake...and since about 1856 - the so called rich went crazy in their thinking - since Darwin introduced a half baked idea of survival of the fittest - which is totally wrong - It is survival of the mutually dependent...and co-operative.

What is happening in finacial circles is that this idea of disconnection from the human race has caused a gap of disparity - that will eventually cause a social explosion - Eventually if things keep going this way - the poor will out number the rich - a million to one - and like fire ants will consume these non-co-operative - freaks of nature.

Link to post
Share on other sites
#Occupy Oakland panic: "The Potties Are Full."

The Occupy Oakland movement officially kicked off on Monday, October 10 at 4 pm. In a bold act of solidarity, the Oakland Education Association provided the occupiers with four Porta-Potty units, but that wasn’t enough for a movement as large as this one.

“If you didn’t already know, OEA has pulled through and donated some funds to have porta-potties available at Occupy Oakland. … People are really grateful to see how the teachers are supporting this. However, less than a day later, the potties are already full! They cost $35 a unit to service, and there are four units. We need to gather some funds to either add more units, or to make a consistent servicing schedule throughout the occupation. … Please email me if you are able to help with monetary donations!”

In a short amount of time, the occupiers have issued an impressive amount of communiqué, of which the Porta-Potty SOS email was only a part.

---

However, the Oakland mob provides an extensive “wish list” of supplies to their “comrades” in the 99%. Here’s a sampling of the occupier’s demands –er, needs, and in their own words:

URGENT: MORE FOLDING TABLES! and wooden pallets;

Cups and mugs (reusable, NOT paper or Styrofoam, plz!);

Tongs!;

Coolers, ice;

Lemons and limes;

Garlic;

Fresh fruits & veggies;

Sleeping stuff: sleeping bags, blankets, tarps;

Dry, clean socks (oh so important!);

Sunscreen;

White boards;

tents;

child caretakers;

Maalox;

Scissors;

Markers/crayons;

Newspaper magazines;

Straw bales (to keep mud down);

Toilet paper;

Hand sanitizer.

The organizers note that they “have a ton of rice/beans, thank you! No more rice and beans for now.”

---

Here’s a tip for the mob’s leadership: Asking volunteers to supply you with food and to clean up after you does not “build power” – it builds dependency.

That’s what this “occupy” nonsense is all about. You want society’s producers to take care of you. After all, “your potties are full” and somebody needs to empty them for you.

http://biggovernment.com/kolson/2011/10/15/occupyoakland-panic-the-potties-are-full/

Link to post
Share on other sites

The Tea Party, from my understanding, is part of the Right. As for Occupy Wall Street, I believe that was mostly represented by part of the Left.

...

The tea party did not start off as being part of the right. I was following that movement before it was called the tea party. It started off as a libertarian movement. They were against the Fed, government intervention in their lives and for ending the wars. It was quickly hijacked by the right.

I was also following the OWS movement before the mainstream media. Back when they just had a couple of camera's and they were streaming live on the internet. It was only about getting corporate influence out of government. I would also argue that it was a libertarian movement but it too was quickly hijacked by the left.

I do not like what both the tea party and OWS have become.

As for the rest of your post, I agree with the majority of it. I too don't think governments should be responsible for redistributing the wealth threw taxation.

I am not looking for equality in income, what I want is equality in opportunity. Both here in Canada and in the US there is corporatism. We give special privileges to corporations, that is why they are able to grow so large and have so much influence over our lives. That is what I believe people should be protesting, I think the people at OWS are looking at the symptoms rather then the disease.

Link to post
Share on other sites

I am not looking for equality in income, what I want is equality in opportunity. Both here in Canada and in the US there is corporatism. We give special privileges to corporations, that is why they are able to grow so large and have so much influence over our lives....

The US has more "corporatism" and more opportunity than in Canada. How do you reconcile this given the above?

Link to post
Share on other sites

We give special privileges to corporations, that is why they are able to grow so large and have so much influence over our lives.

No. They grow large, as does any business, from customers deciding to purchase their goods or services.

Link to post
Share on other sites

The democratic party could benefit from all of this but in so doing won't they have to give up all their campaign donations from big business, Wall St and banks...

Did the Obama administration actually prosecute anyone on Wall St. for the financial crisis 2008.

Link to post
Share on other sites

WAY TO GO COPS!

BUST THOSE 70 YEAR OLD VIETNAM VETERANS

HEADS!!

BEAT THE OLD WAR VETS TO THE GROUND!!

TRAMP ON THEIR US FLAG!!

ARREST THEM AND TAKE THEM TO JAIL!!

GOOD COPS!

MAKE YOURSELVES LOOK LIKE GOONS OF THE STATE!!

OCCUPIERS WIN MORE SUPPORT THAT WAY!!!!

:lol: :lol: :lol:

Note to Bay Street Protesters ... REMEMBER THE G20 ... NEVER negotiate agreements with the police. They want you in a designated space so they can beat you, trample you with horses, and haul you off to jail. Police NEVER honour agreements. To them it's just another devious strategy to confine you AND TAKE YOU DOWN!!

REPEAT ... DO NOT NEGOTIATE ANYTHING WITH TORONTO POLICE SERVICES. THEY ONLY LIE TO YOU.

Members of Veterans for Peace (Vietnam war veterans) carrying American flags were pushed to the ground and their flags trampled as the police hauled them away."

The Square had become too crowded, and Occupy Boston members managed to arrange an informal agreement with the Greenway Conservancy that manages the Rose Kennedy Greenway."As long as we didn't damage the flowers or the shrubbery, we were fine to be where we were," the Huffington Post.

On its website, the Greenway confirmed the claim."Occupy Boston organizers have been cooperative with the Conservancy and the Boston Police Department to date, and have agreed to avoid the planting beds and adhere to common sense rules," said the site. However, on Tuesday, at around 1:30 a.m. EDT after a group of protesters moved from their official campsite to the Rose Kennedy Greenway, police began the mass arrests.

After several hours of silent confrontation, the Boston police gave a final warning and urged the protesters to leave."You will be locked up for trespassing and unlawful assembly," an officer shouted through a bullhorn, according to the Post."This is our last notice before we move in and clear the park. All right? Now is the time to move."

In the next hour, some two hundred police descended on the protesters, allegedly beating those who were standing peacefully, pushing into vans and tearing down dozens of tents they had set up. Occupy Boston released a statement on their website, in which the protesters expressed their decries against the Boston police.

"Following this massive outpouring of public support, dozens of police vans descended on the Greenway, with batons drawn, assaulting protesters and arresting more than one-hundred people," reads the statement.

"Members of Veterans for Peace carrying American flags were pushed to the ground and their flags trampled as the police hauled them away."

Link to post
Share on other sites

WAY TO GO COPS!

BUST THOSE 70 YEAR OLD VIETNAM VETERANS

HEADS!!

BEAT THE OLD WAR VETS TO THE GROUND!!

TRAMP ON THEIR US FLAG!!

ARREST THEM AND TAKE THEM TO JAIL!!

GOOD COPS!

MAKE YOURSELVES LOOK LIKE GOONS OF THE STATE!!

OCCUPIERS WIN MORE SUPPORT THAT WAY!!!!

:lol: :lol: :lol:

Note to Bay Street Protesters ... REMEMBER THE G20 ... NEVER negotiate agreements with the police. They want you in a designated space so they can beat you, trample you with horses, and haul you off to jail. Police NEVER honour agreements. To them it's just another devious strategy to confine you AND TAKE YOU DOWN!!

REPEAT ... DO NOT NEGOTIATE ANYTHING WITH TORONTO POLICE SERVICES. THEY ONLY LIE TO YOU.

Members of Veterans for Peace (Vietnam war veterans) carrying American flags were pushed to the ground and their flags trampled as the police hauled them away."

The Square had become too crowded, and Occupy Boston members managed to arrange an informal agreement with the Greenway Conservancy that manages the Rose Kennedy Greenway."As long as we didn't damage the flowers or the shrubbery, we were fine to be where we were," the Huffington Post.

On its website, the Greenway confirmed the claim."Occupy Boston organizers have been cooperative with the Conservancy and the Boston Police Department to date, and have agreed to avoid the planting beds and adhere to common sense rules," said the site. However, on Tuesday, at around 1:30 a.m. EDT after a group of protesters moved from their official campsite to the Rose Kennedy Greenway, police began the mass arrests.

After several hours of silent confrontation, the Boston police gave a final warning and urged the protesters to leave."You will be locked up for trespassing and unlawful assembly," an officer shouted through a bullhorn, according to the Post."This is our last notice before we move in and clear the park. All right? Now is the time to move."

In the next hour, some two hundred police descended on the protesters, allegedly beating those who were standing peacefully, pushing into vans and tearing down dozens of tents they had set up. Occupy Boston released a statement on their website, in which the protesters expressed their decries against the Boston police.

"Following this massive outpouring of public support, dozens of police vans descended on the Greenway, with batons drawn, assaulting protesters and arresting more than one-hundred people," reads the statement.

"Members of Veterans for Peace carrying American flags were pushed to the ground and their flags trampled as the police hauled them away."

And the winner of the tinfoil hat post of the year goes to?

How are those protests going? Did 1 percent of the population actually protest? Yet they claim to rep. 99 percent. What a joke

Link to post
Share on other sites

And the winner of the tinfoil hat post of the year goes to?

How are those protests going? Did 1 percent of the population actually protest? Yet they claim to rep. 99 percent. What a joke

Protests are going well in Toronto, Ottawa, Montreal, etc. Thousands and thousands of people.

Watch your news.

Two thousand protesters are in St James park behind the cathedral (btwn King and Adelaide, Church and King financial district. They are camping and staying.

Police say they won't be issuing any "tickets" (fines) to them tonight. Maybe they'll just bust heads and arrest people instead. That's the lying style of the Toronto Police Services. <_<

If they do that, I expect all hell will break loose and all 'peaceful' promises will be discontinued. Organizers will lose control ....

(Daydreams ...

Thousands more will descend upon Toronto to do war with police. There are thousands who'd LOVE to take them on if they fck up again. And this time if they're not wearing their badge numbers maybe we'll have to take their bodies prisoner until they are properly identified. :)

Maybe we'll sexually assault them, pile on, pour water on them to simulate rain, punch, kick, knee and elbow them, break a few bones, noses, wreck a few rotator cuffs ... no portapotties so they'll have to just pee their pants, put them in a wire pen for a couple of days, throw them a wet cheese sandwich every 18 hrs or so, spray them with water if they want some to suck out of their clothes.....

:) Aaaaaahhhh ... I can dream! :)

But I doubt any police officers will 'forget' to wear their badges this time. :angry:

How do over 100 officers spontaneously 'forget' to wear their badge numbers?

Answer: They don't. Their senior officers order them to remove their badge numbers.

Eta ... US poll ... 50% of people sampled support the Wall Street protesters, more than support Congress or either political party.

Just curious blueblood ... what is it about cops beating up 70 year old war vets that is "tinfoil hat" to you?

Edited by jacee
Link to post
Share on other sites

Protests are going well in Toronto, Ottawa, Montreal, etc. Thousands and thousands of people.

Watch your news.

Capricorn here reporting from #occupyOttawa.

In spite of the intermittent rain, a large crowd of 300 university students, trade unionists and protesters angry at the political and economic systems in the West began on Saturday a protest at a city park in downtown Ottawa near the Canadian parliament building.

There were calls for higher taxes for the top 1% and curbs on banks, but there were also animal rights activists and people claiming the 9/11 attacks in the U.S. were an "inside job,". Also notably present were homeless people who call the park home.

Not too many cops around but a group of them are lurking a couple of blocks away in case scuffles break out among protesters about whose cause is more important and deserving of donations.

More to come.

:lol:

Here's the media report.

http://news.xinhuanet.com/english2010/world/2011-10/16/c_131193604.htm

Edited by capricorn
Link to post
Share on other sites

Income inequality rising quickly in Canada

Canadian officials have also tried to diffuse passions in recent days, reminding protesters that Canada’s economy has weathered the global economic storm better than most Bank of Canada Governor Mark Carney, in a TV interview aired late Friday, called the planned demonstrations “entirely constructive”–comments in marked contrast to sometimes-dismissive remarks by some politicians and executives in the U.S.

Mr. Carney called the growing movement a “physical and vocal manifestation of cold figures,” given the bleak economic indicators and growing wealth gaps, particularly in the U.S.

:lol:

Ya they're trying to "diffuse" (sic) because they screwed up so badly last year at the G20 and they know people are still furious and ANY police interference will be poorly tolerated and will draw much more public support for the protest.

Best behaviour absolutely required by HarperCons AND Toronto cops. If TPS/Blair is smart, they'll tell any skulking RCMP and CSIS types to SCRAM. :D Troublemakers like them are seriously not helpful.

It's rather disturbing that Carney and Flaherty, in their important roles in the finances of Canada, both had their number facts spinmeistered:

Canada's gap between the richest and the rest of us is growing faster than the US gap.

http://m.theglobeandmail.com/report-on-business/economy/economy-lab/daily-mix/income-inequality-rising-quickly-in-canada/article2163938/?service=mobile

The gap between the rich and the rest is growing ever wider -- with the chasm increasing at a faster pace in Canada than in the United States That’s the conclusion of a Conference Board of Canada study Tuesday, which says income inequality has been rising more rapidly in Canada than in the U.S. since the mid-1990s.

Its global analysis found that Canada has had the fourth-largest increase in income inequality among its peers. Between the mid-nineties and late 2000s, income inequality rose in 10 of 17 peer countries -- including Canada. It remained unchanged in Japan and Norway, and declined in five countries.

“Even though the U.S. currently has the largest rich-poor income gap among these countries, the gap in Canada has been rising at a faster rate,” noted Anne Golden, president and chief executive adding that high inequality raises both “a moral question about fairness and can contribute to social tensions.”

Of total world income, 42 per cent goes to those who make up the richest 10 per cent of the world’s population, while 1 per cent goes to those who comprise the poorest 10 per cent, it says.

Some related articles:

http://m.theglobeandmail.com/report-on-business/economy/economy-lab/the-economists/when-business-talks-about-inequality-its-time-to-worry/article2181391/?service=mobile

Notably, it’s not the usual voices of the left sounding the alarms, but pro-market heavyweights like the Conference Board of Canada and the International Monetary Fund.

That such groups are worried should be a signal to Canada’s private sector leaders: pay attention to the compensation gap between your lowest paid worker and that of the CEO, because those differences may tell us a lot about the mess we’re in.

After all, businesses rely on the rising purchasing power of the many, not the few, to deliver growth and profits.

Something people seem to want to forget ... The workers, low and middle income, are the masses of consumers. Disrespect and disregard the inequity concerns of the majority of people, you destroy the buying power of the consumer.

How many businesses turn a profit without consumers?

http://m.theglobeandmail.com/news/politics/how-paying-peoples-way-out-of-poverty-can-help-us-all/article2011940/?service=mobile

http://m.theglobeandmail.com/report-on-business/economy/economy-lab/the-economists/were-ignoring-inequality-at-our-peril/article1820187/?service=mobile

Edited by jacee
Link to post
Share on other sites

....It's rather disturbing that Carney and Flaherty, in their important roles in the finances of Canada, both had their number facts spinmeistered:

Canada's gap between the richest and the rest of us is growing faster than the US gap.

So what? What does the gap in the US have to do with the "gap" or finances in Canada? Would it make any difference if the "gap" was growing faster in the USA?

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




  • Tell a friend

    Love Political Discussion Forums? Tell a friend!
×
×
  • Create New...