Income inequality in Canada is at a record high, and corporate greed is making it worse. While families struggle with rising grocery bills, Loblaws is fast-tracking price hikes.

Enough is enough. It’s time to tax the rich and hold corporations accountable, because everyday people shouldn’t pay the price of corporate greed. #WealthTax #VoteForIt

@chrismarkevich Wealth inequality is NOT a problem. A low quality of life for the poorest in society is. These are not the same thing. Other people having more money doesnt mean you have less, wealth is not a fixed quantity where you have to take from one for another to have, thats not how wealth works.

@freemo @chrismarkevich

When societies achieve this level of inequality, fascism is a typical outcome. Because the more unequal things get, the more those with the most want and take. Rich people are rarely good people.

@Greengordon @chrismarkevich

Only if there are fundemental problems inthe society to begin which is built to unfairly give advantage to the wealthy. If that exists the problem is severe at any level of wealth inequality, and in fact is **more** noticable at the divide between poor and middle class in such a scenario.

While you are right, that inequalities exist in that situation the solution isnt "dont let some people be more successful financially than others". The solution is to make sure society doesnt get built in a way that the rich have an advantage.

One simple example, if you have tickets taht are fixed rate fines (like $500), that gives the middle class power over the poor. However when the punishment isnt financial (like a week community service) then no matter how much money you have you arent at any advantage in that scenario. You dont fix the problem by preventing people from being financially successful, you fix the inequalities in society that allow the middle class to take advantage over the poor.

@freemo @chrismarkevich

There needs to be a limit on individual "financial success." Billionaires seem to result from oligopoly, which happens when people are too rich and use their wealth to corrupt the government.

Follow

@Greengordon

Again you have it backwards, Billionairs dont result from an oligopoly, quite the opposite, they result from highly competitive markets. Though you are right an oligopoly often can form when rich people take advantage of the short comings of a society and use it to corrupt said society, just as the middle class in such a society also take advantage over the poor.

The problem is having a society with a flat that allows people with money to corrupt society, if thats the case you have an issue regardless of if billionaires exist. If you have a healthy society then you have no such issue even when billionaires do exist.

@chrismarkevich

Sign in to participate in the conversation
Qoto Mastodon

QOTO: Question Others to Teach Ourselves
An inclusive, Academic Freedom, instance
All cultures welcome.
Hate speech and harassment strictly forbidden.