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If this does not make you wonder........
The Canadian Centre for Policy Alternatives reported in September that the country's top millionaires made an additional $37 billion combined during the six first months of the COVID-19 pandemic, and this trend has been observed all around the world
https://www.blogto.com/city/2021/01/toronto-richest-family-8-billion-throughout-pandemic/
Well... the saying, “ it’s an ill wind that blows no good “...applies here . Someone always profits by a tragic event...just look at Amazon profits !!!
To the best of my knowledge nobody is stopping you from starting your own company. Also remember many of these Billionaires use their money to start new companies.
You are also free to invest in these companies as well. Sure wish I had bought BIT Coin back when it was 3 bucks.
How much did the poor people make?
That is actually a good point. Money in the hands of 'private' citizens usually ends up being spent. The more money they have the more they may stimulate the economy. Basic Capitalism.Quote:
Originally Posted by rick_iles
A lot of the made $18K in CERB money.Quote:
Originally Posted by glen
Except, and there's decades of empirical data behind this.
More and more $$, is going into fewer and fewer hands. Erego, the widening wealth gap. Which is between the "haves" aka upper middle class....and the middle class and down. Or the 20% club.
See also Pierre Polieves recent video on who and what is to blame for inflation and who pays the price having to keep up with the Jones.
I sometimes marvel, how things can get mentioned or whatever, and how often people forget the hard facts above....or simply, all the platitudes and hand wringing about the middle class.
X2 you have to pay if you want to playQuote:
Originally Posted by greatwhite
There is soooooooo much out there. Most say the same things, most have for years now.
Not long ago ( Jan 2020??) Stats Can reported that the average Canadian house hold saves a mere $850/year. At the same time the average family in the 20% club saves $44,000/year. A person also has to have savings to play................................
Now ask any accountant or financial advisor who gets reamed by RSPs.......Answer those in the 60-70% club
Theres also this which was from 2018.
https://www.thestar.com/business/201...-can-says.html
and on
and on
and on
With respect to the topic.
Yep, just more of the same. The typical family gets reamed.See the widening wealth gap and sooooooooooooooooo many concerns, topics, articles, ad naseum about them
I think a few days ago I was listening to 640am talk radio and they quoted that most of the 100 top CEO's in Canada had made more already than the average working stiff for the entire year to come $45,000.00. The average salary was quoted as being 10 million dollars.