Wage gap in Calgary unequal: Parkland Institute
Posted Jan 29, 2013 11:29 am.
This article is more than 5 years old.
The Parkland Institute is calling Calgary the most unequal city in the country.
The remarks follow Statistics Canada income tax data released that found one per cent of top earners in Calgary earned 26 per cent more than the rest of the people living in Calgary in 2010.
The Institute’s Research Manager David Campanella says the lack of a progressive income tax means the city’s rich pay the least in taxes compared to other Canadians and lower income earners here pay some of the most.
He also points the finger of blame at what he calls ‘our bargain basement royalties’.
“It represents a massive transfer of wealth from the public into private hands and almost continually it seems like record breaking profits that the oil and gas corporations post mean that they are able to turn around and pay their CEO’s million dollar wages,” said Campanella.
