• “We need to think deeply about what economic development is and who it is for; and, engage the larger society in that conversation.”

    Dr. David T. Barnard
    President and Vice-Chancellor
    University of Manitoba

  • “Rising income inequality undercuts the trust that is essential for the market system to work.”

    Art DeFehr
    President and CEO, Palliser Furniture.

  • “Investing in people in the new economy is now not just morally sound, but economically rational”

    Alan Freeman
    Cultural Economist

  • “Organizations and societies in which the top few appropriate most of the value are like inverted pyramids – inherently unstable”

    Dr. Hari Bapuji
    Associate Professor, University of Manitoba

  • “The present crisis has overturned many accepted truths: that poverty matters but inequality doesn't is one of the more important.”

    Radhika Desai
    Professor, Department of Political Studies, University of Manitoba

  • “The income gap between rich and poor, between skilled and unskilled workers, has been rising in both developed and less developed countries for a number of years. The trend is disturbing and we must find a way to turn this trend around.”

    Michael Benarroch
    Dean, I.H. Asper School of Business, University of Manitoba

Thursday, April 11, 2012

Canadians concerned about growing inequality

By BEIF Team

A survey of 2,000 Canadians conducted by Environics Research for Broadbent Institute found that a vast majority of Canadians are concerned about growing income inequality and believe that the government should attend to it on priority. In particular, the survey found:

  • 71 percent of Canadians believe that the widening income gap undermines Canadian values

  • The majority of Canadians are willing to pay more to protect social programs

  • 77 percent of Canadians, cutting across all the provinces, think that widening income gap is a big problem for Canada

  • 83 percent support higher taxes for the richest Canadians to narrow income gap

  • 89 percent believe that government should address income inequality on priority

  • 73 percent favour increasing corporate taxes, while 69 percent support inheritance tax on estates over$ 5 million.

These findings give a rare, and perhaps the first, glimpse into what general public thinks about growing income inequality in Canada. Would similar attitudes be prevalent in other developed nations or democracies?