[news] Rich Wage Class War, Not StatsCan

[Mostly Water - "Canadian" and International alternative news feed]

by Linda McQuaig - May 06, 2008

...[D]uring [the 1950's, '60's, and '70's] the **share of income received by the richest 1 per cent actually declined**...The rich didn't like this, and have been waging a kind of class war ever since, convincing governments to impose "neo-conservative" policies like lower minimum wages, tighter monetary policy, less social insurance protection, open markets and shifting the tax burden from capital to labour...The results have been grim for many Canadians, but spectacular for the rich, particularly the very rich.  


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    [1]: http://mostlywater.org/rich_wage_class_war_not_statscan

URL: http://mostlywater.org/rich_wage_class_war_not_statscan