Given the debate over the past few years about income inequality and the fact that many people do not consider how the income of individuals change over time, a new study, "Measuring Income Mobility in Canada" recently published by the Fraser Institute, provides fresh evidence on how the incomes of Canadians change over the course of their lives. While we welcome thoughtful criticisms of our methods and analysis, a recent blog penned by Professor Michale Wolfson of the University of Ottawa does a disservice to the discussion when he suggests the results are misleading and the analysis was done unfairly without adequate justification.
Following an awareness breakthrough in 2011, public support and political interest for addressing inequality is apparent. But what is to be done? The more effective option for combating inequality is for governments to, first, rebuild greater fairness into our systems of taxation and, second, increase the distribution of income from the "top" to the "bottom."