Poverty is taking its toll on the economy

May 6, 2011

The Globe and Mail has published an excellent article on Canada’s rising income gap and the its toll on families, communities and the economy as a whole. The OECD has warned that Canada faces runaway poverty if the income gap is not addressed through progressive taxation. Economists across the country are now suggesting that low income Canadians need tax-breaks and livable incomes and the result of this re-distribution of wealth will be a “trickle up.” Read article here.

The CCPA(Canadian Centre for Policy Alternatives) has an ongoing project titled “Growing Gap.” Visit here to find out more.