The Financial Wealth of Canada’s Top 1%

Following up on my post on wealth and income of the top 1%, Eric Pineault wrote to add some data on financial wealth distribution for Canada. He had a research assistant comb through microdata from Statcan’s Survey of Financial Security from 2005, and notes: “the 1% richest (all households are classed according to…
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Are the Top 1% Just Lucky?

I expect some folks who oppose the Occupy movement will weigh in on merit – that the top 1% are deserving of their riches because they include people who pay a lot of wages and salaries for ordinary folk. That is, the story of hard-working, risk-taking entrepreneurs who should not…
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Wealth and income in the top 1%

One thing I really like about the Occupy movement is that it reclaiming mental space. I’m thinking of the overt focus on the riches gained by the top 1%, and of naming and shaming capitalism. Two are one and the same, of course. It is in the top 1% that…
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Oneabees—Way to Represent!

There’s a splinter group in the 99% movement. You know the people I’m talking about—those who, in the midst of the excitement generated by a growing demand for systemic change, persist in disavowing their membership in the 99%. Perhaps you’ve read their rantifesto. It usually begins with “the 99% doesn’t…
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Occupy Protests … It’s About Time!

Here is my commentary published in the Globe and Mail (web edition) on Sunday, regarding the wonderful Occupy Together events held in Toronto and almost 1000 other cities around the world: It’s the political puzzle of our times:  Why, in the wake of the most spectacular failure of free-enterprise in…
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