This seems like an international problem.
The majority of people are complacent. Change will not happen with a class war, class war only serves as a distraction to any real change. If this sounds contradictory, I do not associate addressing socioeconomic inequality to class warfare.
We should be dragging them from their homes and blessing them with the prayers of Saint Luigi. Nobody collects this much wealth in a fair or just system, one that also impoverishes workers so much it's causing a silent genocide of the working class.
HAVING RICH foreigners buying up all the houses isnt helping either, and the lack of stem jobs too .
don't know about canada specifically, but in every american housing market i'm familiar with the overwhelming majority of housing is bought up by the local/national parasites.
19% would be the complacent middle class 🤮
Hot tip - that's most Lemmy users. I'm guessing there's also people in the top 0.9 kicking around.
Edit: Aaaand yup, there's cope in the comments.
Socialists are mostly the champaign kind now, although that doesn't make them wrong, neccesarily. Honestly, I have trouble picturing the old days when the kind of people I live around would have voted left.
Lot's of wealthy posters. But they often hide it, because if they don't they get called a liar or flooded with unimaginative threats.
And it's too bad; we should encourage them to post. Know your enemy and all that.
People really don’t like feeling responsible for the things we’re all responsible
No raindrop feels responsible for the flood.
💯
The system is progressing as expected. The US is further ahead on the timeline. If they collapse first, that may trigger a systemic reset here, before we've reached their stage of fascist dystopia. Get your demands ready and demand more than people did during the 1930s. Much more.
I believe the wealth inequality has clearly being caused by the Fed, cheap money, bailouts, which debased salaries and gatekept basic necessities like shelter. Occupy Wallstreet had it right, and all the other things are symptoms of currency debasement.
Imagine playing a game of monopoly where someone can just create new currency, would you sell your house for cash, or would you horde them and borrow as much as possible? Thats whats been playing out in the economy, and how an unprofitable company like Tesla can be a 1.5 trillion dollar company, tech oligarchs and AI bubbles are built on moral hazard.
Complacent middle class, or rapidly shrinking and struggling to not fall further middle class?
Yeah, the issue here isn't the middle class, it's as usual, the owner class that's the problem
The middle class is their tool. They are incented to perpetuate this bullshit.
The middle class is like the personal carbon footprint - it's a fabrication created by the ultra-wealthy to divert responsibility from themselves. There is only the owner class and the working class.
Except the middle class actually does own most stuff, and consume the most. The ultra-rich are rich, but there's just so few of them.
In Pikettys Capital in the 21st Century the breakdown for US wealth distribution was something like: top 1% has ~30%, top 10% has ~50% (that includes the 1%), the next top 40% have almost all the rest so like ~49%, and the bottom 50% of the economic ladder has that 1%. That was a decade ago, and its gotten worse since then
I respectfully disagree. The middle class is not perfect, but the issue here is the ruling class
How are you (OP) blaming the "middle" class? What could you suggest nurses, teachers, fire fighters, etc do to solve the problem of wealth inequality?
I genuinely want to know because it seems to me that we control nothing and have no excess to give.
Do you mean "incentivized?" But yeah.
Incent is correct in fact 🤓
incent verb in·cent in-ˈsent incented; incenting; incents transitive verb
: incentivize … a large prize … may also incent some employee referrals. —Bill Conerly
Its definition is literally a reference to "incentivize," so all that proves is that language has rotted slightly
Back in the 1840s apparently.
Not if you actually read the chart
"The earliest known use of the verb incent is in the 1840s."
???
If you read the chart, rather than just the AI summary, you'd see that usage was quite low until a slow rise in the mid-20th century.
I read the whole document akshully. No need to be so cranky.
In the US, actually-doing-better-and-better middle class, for the most part. I'm seeing the top 10% as a usual "center" in analysis of the k-shaped economy. It's brown people and Trump voters in trailer parks that are actually losing.
Looks like the trend is just a lot less pronounced in Canada, though. We're all a bit poorer.
It is long overdue time to eat them.
I recall reading the exact same thing for Mexico. Let me guess, this is pretty much the same for the entire planet.
Finally, the top 1 per cent hold almost a quarter of all wealth in Canada. A person in the top 1 per cent owns 210 times more wealth than an average person in the bottom 50 per cent.
By contrast, the bottom 40 per cent collectively hold slightly more than 3 per cent of total wealth in Canada, each with an average net worth of just under $87,000.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
If you ever look at wealth and income data by quantiles, there is no middle class, it’s just exponentially increasing amount of wealth as you shift to higher quantities.
What's going on Canada?
🍁 Meta
🗺️ Provinces / Territories
🏙️ Cities / Local Communities
Sorted alphabetically by city name.
🏒 Sports
Baseball
Basketball
Curling
Hockey
Soccer
💻 Schools / Universities
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
🗣️ Politics
🍁 Social / Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca