Inequality and poverty

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Inside this issue: The Clock is Ticking on Homelessness and the Olympics Weighing in on What Matters: How BC Ranks on the 2007 Cascadia Scorecard Field Notes from the Conversation on Health Public Solutions and Private Interests in BC’s Health Care System BC Needs to Enforce Health Care Laws A Tree too Far: BC's Devastating Response to the Pine Beetle Catastrophe Negotiating Without a Floor: BC's Exclusion of Union Members from Employment Standards  
WINNIPEG—Poverty, inadequate housing and lack of opportunity continue to provide immense challenges for inner-city residents. But community organizations are making a difference.
TORONTO - By the time most Canadians roll up their sleeves to begin a new year of work, Canada's best paid 100 CEOs will already be having a good year: They'll pocket the national average wage of $38,998 by 10:33 am January 2nd. And they will continue to earn the average Canadian wage every nine hours and 33 minutes for the rest of the year, according to a new report on CEO pay by the Canadian Centre for Policy Alternatives (CCPA).
When the CCPA earlier this year published The Rich and the Rest of Us, a report by Armine Yalnizyan on the growing income gap in Canada, reactions from the political right quickly followed. This was, of course, to be expected. Her research describes galloping disparities of income among Canadians from 1976, when after-tax median income of the top 10% of families was 31 times higher than that of the bottom 10%, to 2004 when it was 82 times higher.
For the past 14 years, as editor of The CCPA Monitor, the monthly journal of the Canadian Centre for Policy Alternatives, Ed Finn has been analyzing, exposing, and debunking the doctrine of neoliberalism. This is the ideology used to justify the overwhelming power that corporations have seized or been granted over the past three decades—power that has been harnessed to gain economic and political dominance on a global scale.
OTTAWA—Canada should raise federal personal income tax rates on the rich to close the growing income gap and to bring them more in line with those in the U.S., says a study released today by the Alternative Federal Budget project of the Canadian Centre for Policy Alternatives. The study, by economist Andrew Jackson, points out that Canada's top federal tax rate is considerably lower than the U.S.: The top U.S. tax rate is 35% on incomes over $326,000 and 33% on incomes over $150,000; Canada's top federal income tax rate is 29% on incomes of over $116,000.