If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBC)   Wealthiest 1% earn 10 times more than average Canadian. Just 10 times? American CEOs laughing hysterically   (cbc.ca) divider line 93
    More: Interesting, Canadians, median household income, First Nations, Statistics Canada  
•       •       •

4079 clicks; posted to Main » on 12 Sep 2013 at 2:01 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



93 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

First | « | 1 | 2 | » | Last | Show all
 
2013-09-12 02:03:57 PM  
Amateurs.
 
2013-09-12 02:04:34 PM  
That almost sounds Pareto rule compatible.  Wouldn't that be nice.
 
2013-09-12 02:04:56 PM  
Canada is pissed.

/any excuse to post NoMeansNo
 
2013-09-12 02:05:53 PM  
maybe they'll laugh themselves to death...
cdn.fd.uproxx.com
 
2013-09-12 02:06:34 PM  
I came to express my outrage, until I RTFA and found I was in the Top 10%.

Ahhh, oilfield.  Most of us are Top 10%.
 
2013-09-12 02:07:09 PM  
Well, that makes me feel better about my situation.  That being said there's always a long tail on that sort of distribution.
 
2013-09-12 02:08:27 PM  
I am taking it that subby meant 10x the average Canadian CEO
//the way it was written it could be read as citizen then it would not sound so impressive
 
2013-09-12 02:10:40 PM  
That seems about right, actually.
 
2013-09-12 02:11:14 PM  
Its like Canada is trying not to be a 3rd world shiathole. Wusses.
 
2013-09-12 02:14:07 PM  

monoski: I am taking it that subby meant 10x the average Canadian CEO
//the way it was written it could be read as citizen then it would not sound so impressive


I think it would be impressive if (more) CEOs made sure they were only paid 10x more than their lowest-paid employees. Everyone can grow together. But that would require a rethinking of profits, corporate structures, and the like, and without impetus to do so, few CEOs would volunteer for it.
 
2013-09-12 02:17:43 PM  
Thank God Harper is trying his best to change that.
 
2013-09-12 02:18:05 PM  
"It shows that the median family income in Canada is $76,000 - generally higher in the west than the east - while the median individual income is just $27,600. That means just as many individuals earn less than $27,600 as earn more."

Proof that smaller concentrations of wealth at the top results in prosperity for all.
 
2013-09-12 02:19:16 PM  
Interesting.
 
2013-09-12 02:19:40 PM  
So I'm in the top 10%, without having to live in a shi*hole like Alberta :)

\Montreal
\\I.T.
 
2013-09-12 02:22:40 PM  
I just squeaked into the top 10% by a couple hundred bucks.  Bucking the trend!  Female, mid-30s, but I am married.

But I'm one of those mortgage debtors they're talking about.  Not feeling too rich!
 
2013-09-12 02:26:30 PM  
And yet another jealousy thread
 
2013-09-12 02:26:35 PM  

GoldSpider: "It shows that the median family income in Canada is $76,000 - generally higher in the west than the east - while the median individual income is just $27,600. That means just as many individuals earn less than $27,600 as earn more."

Proof that smaller concentrations of wealth at the top results in prosperity for all.


Counterargument:
1) They do not have to worry about health care costs should they get sick.
2) How much lower is that than the median individual income in the US?

(I'm actually having soem difficulty finding that figure. I keep finding the median *HOUSEHOLD* income, which is around ~$50,000, but the median household income for Canada is $76,000... sooooo yes, they appear to be more prosperous.)
 
2013-09-12 02:27:25 PM  
They might laugh until some Court Jester points out that isn't a whole lot different than in the US. We're at about 14 times.
And then they would have the Jester's tongue ripped out by prongs, and demand tax breaks.
 
2013-09-12 02:29:04 PM  
top 4%, but for SoCal only the top 5%.  But really, it um...man, look at the time, I gotta be at the gym in 26 minutes.  I'd love to stay and explain my feelings of white-guilt otherwise...
 
2013-09-12 02:32:42 PM  

Joe Blowme: And yet another jealousy thread


I don't think any of us here give a shiat about how much money someone else makes. The problem is that the majority of us don't have enough money to meet our own essential living costs.

Live and let live.
 
2013-09-12 02:34:26 PM  
Canada doesn't tax world wide income (the US is the only [developed] country to do so).  They have no idea how much rich Canadians make.
 
2013-09-12 02:37:15 PM  
US top 1%: $394,000 (source), median household: $50,000. 8x multiplier.

What was Subby's point again?
 
2013-09-12 02:39:14 PM  

blacksharpiemarker: Joe Blowme: And yet another jealousy thread

I don't think any of us here give a shiat about how much money someone else makes. The problem is that the majority of us don't have enough money to meet our own essential living costs.

Live and let live.


Pay him no mind. He's a decidedly one-note troll.
 
2013-09-12 02:40:44 PM  
When you're paid in beavers...
 
2013-09-12 02:42:08 PM  
Less wealth disparity, better economy, better healthcare, better education, and once this global warming thing gets really get going and melts the permafrost they'll have even greater area for development and agriculture.

I'm putting my bet in now that after we lose to China, and China collapses, Canada will be the world's power.
 
2013-09-12 02:45:17 PM  

oren0: US top 1%: $394,000 (source), median household: $50,000. 8x multiplier.

What was Subby's point again?


What was your point? That entire article you posted is about historically high income inequality in America, which is actually obscured by the ridiculously high proportion of stocks and real assets (houses, land, etc.) owned by the 1%. source
 
2013-09-12 02:45:47 PM  
Wow, I'm in the top 10%. Probably in the top 5%-7%.

Thank you Engineering degree (and, more importantly, the aptitude for it).

Worship me like a God, you Poors!
 
2013-09-12 02:46:12 PM  
blacksharpiemarker: Joe Blowme: And yet another jealousy thread

I don't think any of us here give a shiat about how much money someone else makes. The problem is that the majority of us don't have enough money to meet our own essential living costs.

Live and let live.


And the fact that the shiatty lifestyle of the poor is definitely fueling the opulence of the rich, and the retarded lower/lower-middle class Teabaggers voting against their own economic self-interest is rage inducing.
 
2013-09-12 02:47:19 PM  

procopulus-x: When you're paid in beavers...


Go on...
 
2013-09-12 02:47:26 PM  
boisdejustice.com
 
2013-09-12 02:48:16 PM  
www.addictinginfo.org
 
2013-09-12 02:50:53 PM  

blacksharpiemarker: Joe Blowme: And yet another jealousy thread

I don't think any of us here give a shiat about how much money someone else makes. The problem is that the majority of us don't have enough money to meet our own essential living costs.

Live and let live.


Sounds like someone needs to get themselves a better jerb!
 
2013-09-12 02:51:39 PM  

solitary: [www.addictinginfo.org image 400x300]


Yea, exactly, think how much better the world would be if riddled ourselves of the bottom 20%!

/rich man's burden
 
2013-09-12 02:55:20 PM  
procopulus-x:
When you're paid in beavers...

Sadly, as a Canadian and I can testify that I have never been paid for anything in beavers.
 
2013-09-12 02:56:29 PM  
and their banks are stable too. and they have national health care. it must be magic.
I was told in no uncertain terms that this is unpossible to achieve.
 
2013-09-12 02:57:01 PM  

No Such Agency: procopulus-x:
When you're paid in beavers...

Sadly, as a Canadian and I can testify that I have never been paid for anything in beavers.


Some guys are paid in beavers, some guys pay for their beavers...

/life's not fair
 
2013-09-12 03:00:40 PM  

Hobodeluxe: and their banks are stable too. and they have national health care. it must be magic.
I was told in no uncertain terms that this is unpossible to achieve.


Only a few months until Obamacare. Next tell the government to stop bailing out the banks so they shape up and manage their businesses better -- they're being reward with 100's of billions for being farkups.
 
2013-09-12 03:01:34 PM  

SordidEuphemism: I think it would be impressive if (more) CEOs made sure they were only paid 10x more than their lowest-paid employees. Everyone can grow together. But that would require a rethinking of profits, corporate structures, and the like


Sure.  Effective immediately, everyone who gets paid less than 1/10 of what the CEO wants to make is no longer an employee but a consultant.
 
2013-09-12 03:02:28 PM  

uber humper: Canada doesn't tax world wide income (the US is the only [developed] country to do so).  They have no idea how much rich Canadians make.


Wait... does that mean I can buy into stocks and mortgage funds abroad and not pay tax on the gains from it?
(serious question)
 
rka
2013-09-12 03:03:33 PM  

Hobodeluxe: and their banks are stable too. and they have national health care. it must be magic.
I was told in no uncertain terms that this is unpossible to achieve.


Then why does the CBC report that the Canadian banks secretly (or at least on the down low) received over $114 Billion in "assistance"? Or that they even tapped into funds set up by the US Federal Reserve?

<blockquote><i>
"At some point during the crisis, three of Canada's banks - CIBC, BMO, and Scotiabank - were completely under water, with government support exceeding the market value of the company," Macdonald said.
"Without government supports to fall back on, Canadian banks would have been in serious trouble."
 </i></blockquote>

Hmm.
 
2013-09-12 03:04:37 PM  

procopulus-x: When you're paid in beavers...


upload.wikimedia.org
Well, not actual beavers. Those are safely stored in government vaults, and the mint issues these exchange tokens for use in daily commerce. It may seem quaint to some, but our banks only survived the global crisis because they remained on the Beaver Standard instead of switching to some inflationary fiat currency like your Federal Reserve Notes.
 
2013-09-12 03:06:38 PM  

oren0: US top 1%: $394,000 (source), median household: $50,000. 8x multiplier.

What was Subby's point again?


I'm no economist, but I think it might have had something to do with this:
upload.wikimedia.org

Wait a minute...I just took the bait, didn't I? Dammit!
 
2013-09-12 03:08:33 PM  

rka: Hobodeluxe: and their banks are stable too. and they have national health care. it must be magic.
I was told in no uncertain terms that this is unpossible to achieve.

Then why does the CBC report that the Canadian banks secretly (or at least on the down low) received over $114 Billion in "assistance"? Or that they even tapped into funds set up by the US Federal Reserve?

<blockquote><i>
"At some point during the crisis, three of Canada's banks - CIBC, BMO, and Scotiabank - were completely under water, with government support exceeding the market value of the company," Macdonald said.
"Without government supports to fall back on, Canadian banks would have been in serious trouble."
 </i></blockquote>

Hmm.


The "assistance" is loans.  Cheap loans, but hey I just financed a hot tub at 0% so whatever.

And of course they got US Fed funds.  Canadian banks have US operations.
 
2013-09-12 03:08:50 PM  

sure haven't: uber humper: Canada doesn't tax world wide income (the US is the only [developed] country to do so).  They have no idea how much rich Canadians make.

Wait... does that mean I can buy into stocks and mortgage funds abroad and not pay tax on the gains from it?
(serious question)


No I was wrong.  It looks like Canadians pay taxes on world wide income. I don't have time to look more into it, now -- but that's interesting.
 
2013-09-12 03:08:59 PM  
 

Heims: I came to express my outrage, until I RTFA and found I was in the Top 10%.

Ahhh, oilfield.  Most of us are Top 10%.


My friend is a lib.

He was biatching about the 1%.
I commented that he is a 5% er, even though he has no spare money.

I let him know that he needs to be careful about jacking up taxes on those that "make more than him" because "those guys can afford it",
because to 90% of the masses... HE is the fat cat that needs his taxes doubled or tripled.
 
2013-09-12 03:09:19 PM  

SordidEuphemism: monoski: I am taking it that subby meant 10x the average Canadian CEO
//the way it was written it could be read as citizen then it would not sound so impressive

I think it would be impressive if (more) CEOs made sure they were only paid 10x more than their lowest-paid employees. Everyone can grow together. But that would require a rethinking of profits, corporate structures, and the like, and without impetus to do so, few CEOs would volunteer for it.


I am even content with the Ben & Jerry's model of 5X
 
2013-09-12 03:13:41 PM  

solitary: [boisdejustice.com image 722x1500]


solitary: [www.addictinginfo.org image 400x300]

WOW!
I need to say thank you for those.  I've been looking and only yesterday found a painting of them being used in France but nothing like these.
I ALSO (just yesterday) found a 1936-9 film of a man being beheaded in France on Yourtub.  It was "shot from behind" the person.  Are you aware that the board the doomed lay on was spring loaded?  It just *pops* their body into the waiting casket.  BOING!  Funny in a macabre way . . .
 
2013-09-12 03:14:13 PM  

oren0: US top 1%: $394,000 (source), median household: $50,000. 8x multiplier.

What was Subby's point again?


Apparently, Canadian husbands are able to talk their wives into working more often than American husbands can do it.
 
2013-09-12 03:17:05 PM  
uber humper:

No I was wrong.  It looks like Canadians pay taxes on world wide income. I don't have time to look more into it, now -- but that's interesting.

We do.  The major difference is that if you're not living in Canada (like me) you don't have to file or pay Canadian income tax (except on some income earned in Canada).  It's YOUR location that's important.
 
2013-09-12 03:18:07 PM  

Nutsac_Jim: he is a 5% er, even though he has no spare money.


You're friend has poor impulse control.
 
Displayed 50 of 93 comments

First | « | 1 | 2 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »






Report