In light of Occupy Wall Street and the spinoffs that are growing in many other cities, there have been a large number of excellent articles and studies going around looking at the top 1% of income earners in the United States. I have included links to some of them below.
This U.S. focused reading got me thinking about Canada’s place in this all this, and the conventional wisdom about how much more of an equal society Canada is.
An article in the Guardian back in May entitled "Top income earners: are they getting richer? See the data" examined the World Top Incomes Database published by the Paris School of Economics. From this data, I created this chart to compare the incomes of the super-rich in select countries over the past 25 years.
Read How does Canada’s 1% compare to other countries? by Darren Puscas.
The short answer, as is often the case, is: not as bad as the US, but that sets the bar far too low. As Puscas says, "...it is clear to see that the immense riches of the top earners have not translated into big paydays for Canadians."
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