The Neo-Liberal Agenda: The Effects in BC, Part 2

In my last entry, I wrote about the pernicious attempts by the BC Liberals (and other neo-liberals) to promote tax cuts on the basis of improvements in productivity. I explained that these productivity increases simply haven’t happened. This, in turn, suggests that Campbell’s tax cut agenda is bogus and self-serving.

The question, then, is what has come of the tax cuts that Campbell’s government initiated almost immediately after coming to power in 2001? The best answer is the same answer that we see in the United States: a concentration of wealth and income that leads to inequality. The following is a chart from the federal government. The richest quintile in BC made, on average, 10.1 times the average income of the poorest quintile. The rest explains itself.



At this point, a left-wing analysis of our economy really starts to make sense.

Posted by Colin Welch at 10:01 PM
Edited on: Wednesday, July 06, 2011 11:46 AM

 

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