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Canada’s Inequality Is Driven by Billionaire Wealth

Summary by Jacobin
New data show that Canada’s inequality crisis is driven by both billionaire wealth and runaway housing costs. Without a meaningful fix, both democracy and economic growth will be distorted by entrenched interests. A float plane sits docked outside of a cottage on Lake Jo in Muskoka, Ontario, Canada, on May 23, 2015. (James MacDonald / Bloomberg via Getty Images) The latest Statistics Canada data shed light on rising economic inequality in Canad…

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Canada’s Inequality Is Driven by Billionaire Wealth

New data show that Canada’s inequality crisis is driven by both billionaire wealth and runaway housing costs. Without a meaningful fix, both democracy and economic growth will be distorted by entrenched interests. A float plane sits docked outside of a cottage on Lake Jo in Muskoka, Ontario, Canada, on May 23, 2015. (James MacDonald / Bloomberg via Getty Images) The latest Statistics Canada data shed light on rising economic inequality in Canad…

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Jacobin broke the news in on Wednesday, April 2, 2025.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

Similar News Topics

Housing

Housing

Muskoka

Muskoka

Cost of Living

Cost of Living

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