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?