Canada's rich get richer while it's poor get poorer, new study shows.

Yep that's right Starhawk, and guess what determines a rise in minimum wage - inflation. This whole system is in place to avoid the nightmare, you think you're living in.

Originally posted by chillmeistergen
Yep that's right Starhawk, and guess what determines a rise in minimum wage - inflation. This whole system is in place to avoid the nightmare, you think you're living in.

It's not as nightmare I'm living in, for the last time, I am in the higher tax bracket.

And when wages go up, inflation goes up even more to compensate.

Originally posted by Starhawk
It's not as nightmare I'm living in, for the last time, I am in the higher tax bracket.

And when wages go up, inflation goes up even more to compensate.

No when inflation goes up, wages go up. Not, the other way round. Also let me get this straight, you're a student and you're in the higher tax bracket?

My family is so I am.

And do you honestly think businesses don't see a rise in wages and decide to up their prices? Sometimes inflation follows wage increases.

Price-wage spiral, it goes both ways. Workers will try and gain increases in wages to match pace with price rises. Prices must rise in order for employers to maintain their businesses with increased wage demands. And so one and so forth. Your economic scenario is still BS.

Originally posted by chillmeistergen
No when inflation goes up, wages go up. Not, the other way round. Also let me get this straight, you're a student and you're in the higher tax bracket?

inflation will go up in the long run as wages increase

but as far as I know inflation is set by the bank of Canada, and thus doesn't fluctuate very much depending on economic performance, and is used more as a tool to affect the economy.

Originally posted by inimalist
inflation will go up in the long run as wages increase

but as far as I know inflation is set by the bank of Canada, and thus doesn't fluctuate very much depending on economic performance, and is used more as a tool to affect the economy.

Originally posted by xmarksthespot
I assume you mean the official cash rate is set by the Government reserve bank, and that allows a control of inflation to an extent. It only has so much control though I assume.

http://www.bankofcanada.ca/en/backgrounders/bg-i3.html

The bank of Canada has held inflation to 2% for over 15 years now

Originally posted by Starhawk
My family is so I am.

And do you honestly think businesses don't see a rise in wages and decide to up their prices? Sometimes inflation follows wage increases.

I was talking about the rise in national minimum wage, and not wages as a whole.

Originally posted by inimalist
http://www.bankofcanada.ca/en/backgrounders/bg-i3.html

The bank of Canada has held inflation to 2% for over 15 years now

And you think stores are keeping to that? I hope not because they aren't. And the moment they see the increase in effect their prices are going to go up.

Also Starhawk, you get taxed even though you're in full term education?

Yes, but I get some back because of tuition payments.

Originally posted by chillmeistergen
Also Starhawk, you get taxed even though you're in full term education?

Originally posted by Nellinator
You get near the equivalent of your tuition and books back after taxes. Usually students don't make enough to actually pay taxes. I doubt Starhawk actually paid any taxes this year that he didn't get back.

As a disabled person I get my medical expenses reimbursed through taxes, other then that I would pay.

Originally posted by Nellinator
You get near the equivalent of your tuition and books back after taxes. Usually students don't make enough to actually pay taxes. I doubt Starhawk actually paid any taxes this year that he didn't get back.

Oh right, there was I thinking he was paying full taxes.

[QUOTE=8919614]Originally posted by Starhawk
And you think stores are keeping to that? I hope not because they aren't. And the moment they see the increase in effect their prices are going to go up.

A little while ago you were arguing that the whole poverty situation can be solved by raising wages. Now you take an entirely different tact and argue that if wages are raised so will be the cost of living. This defeats your whole argument, by your hand.

Originally posted by Starhawk
And a crumbling healthcare and education system and very high poverty and crime rates.

Originally posted by chillmeistergen
Oh right, there was I thinking he was paying full taxes.

[QUOTE=8919614]Originally posted by Starhawk
[B]And you think stores are keeping to that? I hope not because they aren't. And the moment they see the increase in effect their prices are going to go up.

A little while ago you were arguing that the whole poverty situation can be solved by raising wages. Now you take an entirely different tact and argue that if wages are raised so will be the cost of living. This defeats your whole argument, by your hand. [/B]

No we do need to raise wages, but reduce taxes on the lower brackets to offset inflation.

Then why do you have a problem with the Conservatives when they actually reduced taxes for the poorest people?

Originally posted by Nellinator
Then why do you have a problem with the Conservatives when they actually reduced taxes for the poorest people?

When was this? Are you speaking of your province? And I don't hate the Conservatives. Mike Harris was a great premier, I don't agree with all the things he did but I prefer him to McGunity any day.

Originally posted by Starhawk
No we do need to raise wages, but reduce taxes on the lower brackets to offset inflation.

By how much would you like to see them reduced?