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"There’s a lot more to recovery than five per cent growth."
And there's a lot more that needs to be said about the dangers of a deeply unequal recovery fuelled by longstanding wealth concentration made worse during the pandemic. 1/5 #cdnpoli https://www.thestar.com/politics/political-opinion/2021/02/11/theres-lots-of-money-just-waiting-to-be-spent-in-canada-lets-make-sure-it-goes-to-the-right-people.html
And there's a lot more that needs to be said about the dangers of a deeply unequal recovery fuelled by longstanding wealth concentration made worse during the pandemic. 1/5 #cdnpoli https://www.thestar.com/politics/political-opinion/2021/02/11/theres-lots-of-money-just-waiting-to-be-spent-in-canada-lets-make-sure-it-goes-to-the-right-people.html
Those with assets and wealth like property continued to see ‘healthy’ growth last year. Those without property saw rents rise 5 times the rate of inflation (3.5%). Upshot - housing became even less affordable and property owners got richer. 2/5 https://behindthenumbers.ca/2021/02/09/rents-keep-going-up-pandemic-or-not/
The pattern continues for incomes - higher wage jobs actually grew during the pandemic while lower wage work, occupied disproportionally by women, racialized workers and younger people, declined. 3/5 https://www.huffingtonpost.ca/entry/income-gap-canada-covid_ca_60075cedc5b6df63a91aba70
Corporate Canada, at least most of those larger end of that group, saw record profits – IN THE MIDDLE OF A PANDEMIC. 4/5 https://www.taxfairness.ca/sites/default/files/resource/c4tf_record_profits_report_tues_dec_22_2020.pdf
We need to understand how structurally unfair our economy is, and fix it. We could start by bolstering the caring economy through strong public investment, ownership and control so the benefits stay public. Where do we get the money? #TaxTheRich
5/5#cdnpoli
5/5#cdnpoli
