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Poverty And Inequality In Canada Essay

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One of the many issues around the world is poverty and inequality, and while it might not be evident in Canada and Toronto specifically, some people still suffer in lower income areas in the GTA. Many people as you may see are on the streets and as the weather gets colder, it becomes even more difficult for them. Part of the reason poverty is because many people in the lower class can’t afford rent or the taxes of their homes. In a recent study conducted, it showed the percentage of taxes that people with a certain income had to pay yearly. It showed that individuals receiving an income of less than $14,000 paid about 31% of their income in tax, while people making over $300,000 paid a slightly lower percentage. This doesn’t make any sense, …show more content…
Given that the article is written about four years ago, at the time it seemed as if it was a silly idea to incorporate an idea that makes certain people pay more than others, some may call this the idea of inequality where some people are treated unfairly then others. But in reality, this makes total sense because the upper class can afford it. Now move ahead to the 2015 election that Justin Trudeau won and part of his democratic plan was to tax the rich, four years ago people that that was silly, well he’s Prime Minister now so most Canadians must have wanted that. And to go back to the original question, “how do we reduce poverty and inequality,” we tax the rich and let the lower class and middle classes enjoy it. Majority of Canadians already fall under the category of middle class and are the ones with the most power in Canada and they might not even know it. And taxing the upper class will bring in a larger amount of money into the economy. It seems we are bringing in older systems in our ways of running the question, just like Adam Smith said, to tax the rich. And look what has happened now, Justin Trudeau is in the position to do this. And once this happens the lower class will be able to earn more money, pay fewer taxes and move into homes and off the streets and possibly be considered into the middle class with over half of

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