Rich get richer...

[_Roger Morrison]

This may seem to be without question? However in recent site exchanges this was regarded more as leftish spinning of truth. So, from reliable Canadian sources we have the following current stats for both NAn Empires:

September 24, 2007
OTTAWA - High-income Canadians got a lot richer between 1992 and 2004, while the rest of the population made little financial progress, says a new study released Monday.
The Statistics Canada study, which used tax returns to explore trends among high-income earners, found the top five per cent of the taxfiling population accounted for 25 per cent of total income in 2004, up from about 21 per cent in 1992.
But researchers found little improvement elsewhere.
"The gains got bigger the higher up the income distribution," the study says. "However, individuals in the rest of the population generally saw little improvement in constant-dollar income."
Women's share of the pie was shrinking, it adds, even though there were more high-income earners who were women in 2004.
Three-quarters of the 1.2 million high-income Canadians were men, despite the fact men were a minority (48 per cent) of individual income recipients in general.
In 1982, women accounted for one in seven of the top five per cent of income earners; by 2004, they accounted for one in four - but their share of the top 0.01 per cent of income declined to 11 per cent from 12.
An annual income of $89,000 was enough to include an income-earner among the 1.2 million Canadians who comprised the top five per cent of the country's taxfiling population in 2004, while it would take just over $2.8 million a year to put them among the top 0.01 per cent.
Based on purchasing power, a income of $89,000 would not have put someone in the top 10 per cent of U.S. income earners. The five per cent threshold in the United States was $165,000.
And the higher the wage bracket, the wider the gap.
The threshold for the top 0.01 per cent of income earners in the United States was $9.4 million, compared to $2.8 million in Canada.
But these differences paled when comparing average income. In Canada, the average income for the top five per cent of the taxfiler population in 2004 was $178,000; in the United States, it was 2.5 times higher at $416,000.
The differences grew even larger higher up the income distribution. For the top 0.01 per cent of the taxfiling population, the average American made $25.8 million, over four times the Canadian figure of $5.9 million.
Higher-income families tended to be located in the larger urban centres. Three in 10 families with incomes of more than $250,000 lived in Toronto, followed by Montreal (11 per cent), and Vancouver and Calgary (both at eight per cent).
The study also found that the proportion of taxfilers who paid zero taxes declined at almost all income levels. About 100 Canadians who earned in the top 0.01 per cent paid no taxes in 2004.

Relevance on a "Religious" site? From that perspective Jesus' followers were warned about "love of money" and material pursuits. They "...had all things in common, no poor among them." (Acts 2:44) What ever happened? Comments? Thoughts? Warm regards, Roger

[_karl61]

I will give Hugh Nibley a little credit. His daughter wrote in a book that all the rich people in Provo lived up in the hills and the richer the higher up the hill you live. She said they lived in a run down house as far from the hill as possible. I guess the TBM's that live up the hill can't wait for their mansion above but need it right now. As far as being comfortable, I have seen my friends that married where both husband and wife worked that did really well in this last real estate boom in the 90's and early 2000's in Southern California. If you had a house by the year 2000 with a fixed interest rate then you are set now for life. I think the stay at home couple with one income missed a big window if they didn't have a house. If the Church really wanted to help it's members it should give young couples interest free loans. That is more logical as they would get ten percent of the profit on the house if the couple pays ten percent of their increase as tithing.

[_Roger Morrison]

Hi Guy... "WOW! What an idea! Truly inspired!!!" :

If the Church really wanted to help it's members it should give young couples interest free loans. That is more logical as they would get ten percent of the profit on the house if the couple pays ten percent of their increase as tithing.

That folks, is Christian Capitalism... Like, why not, eh??? Warmest and respectfullest :-) regards, Roger

[_JAK]

This may seem to be without question? However in recent site exchanges this was regarded more as leftish spinning of truth. So, from reliable Canadian sources we have the following current stats for both NAn Empires:

September 24, 2007
OTTAWA - High-income Canadians got a lot richer between 1992 and 2004, while the rest of the population made little financial progress, says a new study released Monday.
The Statistics Canada study, which used tax returns to explore trends among high-income earners, found the top five per cent of the taxfiling population accounted for 25 per cent of total income in 2004, up from about 21 per cent in 1992.
But researchers found little improvement elsewhere.
"The gains got bigger the higher up the income distribution," the study says. "However, individuals in the rest of the population generally saw little improvement in constant-dollar income."
Women's share of the pie was shrinking, it adds, even though there were more high-income earners who were women in 2004.
Three-quarters of the 1.2 million high-income Canadians were men, despite the fact men were a minority (48 per cent) of individual income recipients in general.
In 1982, women accounted for one in seven of the top five per cent of income earners; by 2004, they accounted for one in four - but their share of the top 0.01 per cent of income declined to 11 per cent from 12.
An annual income of $89,000 was enough to include an income-earner among the 1.2 million Canadians who comprised the top five per cent of the country's taxfiling population in 2004, while it would take just over $2.8 million a year to put them among the top 0.01 per cent.
Based on purchasing power, a income of $89,000 would not have put someone in the top 10 per cent of U.S. income earners. The five per cent threshold in the United States was $165,000.
And the higher the wage bracket, the wider the gap.
The threshold for the top 0.01 per cent of income earners in the United States was $9.4 million, compared to $2.8 million in Canada.
But these differences paled when comparing average income. In Canada, the average income for the top five per cent of the taxfiler population in 2004 was $178,000; in the United States, it was 2.5 times higher at $416,000.
The differences grew even larger higher up the income distribution. For the top 0.01 per cent of the taxfiling population, the average American made $25.8 million, over four times the Canadian figure of $5.9 million.
Higher-income families tended to be located in the larger urban centres. Three in 10 families with incomes of more than $250,000 lived in Toronto, followed by Montreal (11 per cent), and Vancouver and Calgary (both at eight per cent).
The study also found that the proportion of taxfilers who paid zero taxes declined at almost all income levels. About 100 Canadians who earned in the top 0.01 per cent paid no taxes in 2004.

Relevance on a "Religious" site? From that perspective Jesus' followers were warned about "love of money" and material pursuits. They "...had all things in common, no poor among them." (Acts 2:44) What ever happened? Comments? Thoughts? Warm regards, Roger

Roger stated:
Relevance on a "Religious" site? From that perspective Jesus' followers were warned about "love of money" and material pursuits. They "...had all things in common, no poor among them." (Acts 2:44) What ever happened? Comments? Thoughts?

There’s plenty of wiggle room for Christian pundits here to enjoy all the “material pursuits” they wish and deny they have “love of money.”

The Utopia likely never existed as claimed. “Material pursuits” have surely increased as more material has been discovered and invented. “They” were likely all poor contrary to the statement.

JAK

[_moksha]

Christian Capitalism??!

Hey, I have been toying with the idea that the Rapture has already happened, and that the only clue to this, for those of us remaining, is the rise of the Republican Evangelicals.