To fight against poverty...
To fight poverty in Canada, one must understand poverty. In addition, to understand it, we must speak of wealth. If there is one assessed fact that allows us to explain the persistence of poverty in a country as such as Canada, it is that of the net worth. .
2003 The Irving's: 3.88 billions;
H. McCain: 1.93 billions.
All three are among the 15 wealthiest families in Canada.
Is New Brunswick any the better for it?
The disparity in wealth among Canadians is huge.
How are Canadians occupying the Canadian home?
10% occupy 5 stories of the house;
10% occupy 2 stories of the house;
10% occupy 1 storey of the house;
70% are crowed in two stories of the hours.
The 10-storey Canadian home
This is how Statistics Canada divides up exactly the net fortune of all Canadians:
10% of Canadians owned 53% of the net wealth of Canadians;
10% of Canadians owned 17% of the net wealth of Canadians;
10% of Canadians owned 11% of the net wealth of Canadians;
70% of Canadians own 19% of the net wealth of Canadians, and among these, 20% own nothing but debts.
Source: Statistics Canada March 15, 2001.
The rich become richer, and the poor remain poor.
The rich will at times invest in charity. For doing so, the state grants them tax credits. Would it not be better for them to pay decent wages and more taxes?
Tax expert Brigitte Alepin relates in These Wealthy Individuals Who Pay No Taxes how certain personalities, as well as families and businesses among the wealthiest in Canada systematically abuse the tax system. Among them, Irving Oil continues to use tax shelters to escape the Canadian tax system. While a simple citizen pays on average 60% of his income for income and consumer taxes, the wealthiest have access to a package of tax tools to by-pass, even to erase, billions of tax dollars due.
The rich and the poor will always be with us, the more important and the less important, the young and the elderly, etc.
Fighting poverty means fighting to secure for all decent living conditions so that everyone may live in dignity.
The state is responsible for the common good through social security.
1.Calculating the net fortune is easy: it is the financial value of everything an individual owns (house, vehicle, furniture, shares, bonds, pension fund, savings, etc.) less the sum of his debts. The comparison of John and Jack gives an example of the calculation, and indicates that with an equal income, the financial situation can be different. Neither John nor Jack is rich, but John will more easily be able than Jack to take financial risks such as changing jobs, purchasing a home, returning to his studies, or participating in a strike for better wages.
|John's Situation||Jack's Situation|
|Young college graduate, Jean earns $15.00. He has no student loan. He owns only a few personal effects, valued at $2,000.00||Jack works for the same company, with the same diploma and the same salary, a few personal effects valued at $2,000, and a student loan of $12,000.00|
John's net fortune = +$2,000.00
Jack's net fortune = -$10,000.00