The One Percent
Having competitive tax policies that encourage wealthy individuals who own and run businesses to keep those businesses here - and keep paying taxes here - is good for all Quebecers. It helps grow the pie, and when the pie gets bigger, everyone can end up earning bigger and bigger slices.
It all started when Terry Bollea a.k.a. Hulk Hogan filed a defamation suit against Gawker Media some time ago. It was later established (by admission) that the billionaire PayPal founder Peter Thiel was paying the legal expenses for Hogan (Bollea) because he did not approve of Gawker's journalistic ethics.
While the incomes of Canada's wealthiest are increasing, the absolute wealth of our poorest is decreasing. As this gap grows, so too do the differences in people's health risks, care and outcome. The poorer people are in Ontario, the more likely they are to have shorter lifespans, to be overdue for screening tests and to suffer from multiple chronic health conditions.
Dear valued wealthy client: First, we'd like to apologize for corresponding with you directly. We know that you prefer that we communicate with you through your accountants or your esteemed team of corporate tax lawyers.
Companies operating in Canada in 2014 held over $199 billion in "assets" -- unpaid taxes -- in havens like Barbados and the Cayman Islands. Canada is one of the biggest "losers" of corporate tax revenue. The "winner" countries are the ones with low-to-none corporate income tax, such as Bermuda, as well as the super-rich.
This is the face of Donald Sterling. And those are the brothers Koch, Charles and David, who spend most of their money trying to help others with no thought of benefit for themselves. These three men belong to one of America's fastest growing disadvantaged groups: billionaires.
To be sure, the Forum once again generated news and social content about business trends, societal needs, industry insights and new voices in the global economy. But the real conversations in the hallways were that global business leaders are more concerned over the threat of Euro collapse than debating problems of income inequality.
This week has been an emotional roller coaster for Canadians who follow the news. Lost in the shuffle were two stories that were of no particular importance, relatively speaking, to Canadians. One of them is about the way well-heeled Manhattan moms have worked the lineup system at Disney by hiring a disabled person to be a "family member" for the day.
In the months since the Occupy movement first popularized the rallying cry of the "99 per cent," top income earners have