Canada

They can't bring their money with them to hell

Complacent middle class, or rapidly shrinking and struggling to not fall further middle class?

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.

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.

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.

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.

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.

Complacent middle class here. I would gladly get taxed more if that meant improved health and education and welfare. Not super keen on keeping up the subsidies of oil and gas, and of spending 5% of GDP on American weapons. And yes, we need a wealth tax.

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.

HAVING RICH foreigners buying up all the houses isnt helping either, and the lack of stem jobs too .

Their wealth needs to be seized and redistributed. They can still be obscenely wealthy, but they also need to forced in psychiatric programs since most of the uber wealthy families of the world have mental illness running through them.

I suggest reading up on the Mars family (the people who own Mars candy bars and other confectionery). The story of their OCD in doing anything at all for more money and market share was terrifying.

According to the World Inequality Index, between 1999 and 2024, the top-1% in Canada grew their wealth from 26% to 29%.

In the same period in other countries, the top-1% changed their wealth:

• in Australia and New Zealand, more or less unchanged at around 23%
• in Europe, more or less unchanged around 25%
• in the USA, grew from 31% to 35%
• in China, grew from 19% to 30%
• in Russia, grew from 40% to 49%
• in Latin America, unchanged at around 36%
• Oceania, grew from 24% to 27%
• Sub-Saharan Africa, shrank from 38% to 34%

Worldwide, the top-1% share was stable at around 37%.

In the same period 1999-2024, the wealth of the bottom-50% in Canada slightly shrank from 15% to 14%. In other countries:

• in Australia and New Zealand, more or less unchanged at around 5%
• in Europe, more or less unchanged around 3%
• in the USA, grew from 0.6% to 1%
• in China, shrank from 14% to 6%
• in Russia, shrank from almost 7% to less than 3%
• in Latin America, unchanged at 2%
• Oceania, decreased from 3% to 2%
• Sub-Saharan Africa, slightly increased from below 2% to 2.1%

Worldwide, the bottom-50% grew their share of the total wealth slightly from 7% to 8%.

Source for the top 1%, here for the bottom 50%.

You can play around in the linked diagrams for other countries and regions.

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.

A nation of renters and landlords.

Canada's poor richest 1% nearly as poor as poorest 80% :((

No inheritance tax will do that.