That's the conclusion of a report which was recently released by the Canadian Centre For Policy Alternatives. According to the Canadian Press
The country's 86 richest individuals and families — or 0.002 per cent of the total population — are getting exponentially richer and now have accumulated as much wealth as the country's poorest 11.4 million.
That's more than in 1999, when the richest 86 had as much money as the poorest 10.1 million and enough to buy up everything in New Brunswick and still have about $40 billion left over, according to the report, to be released Thursday.
It looks like wealth inequality will be an issue in 2015:
Statistics Canada also showed wealth gravitating to the top. While median net worth rose almost 80 per cent since 1999 to $243,800 per family unit, the top 40 per cent possessed 88.9 per cent of total net worth, leaving the bottom 60 per cent with a mere 11.1 per cent of the pie.
Eye-opening was the data that showed the poorest 20 per cent of family units had more debts than assets.
The Harper government will continue to talk about averages. But it's clear that wealth in Canada is increasingly skewed -- and that doesn't bother the Harperites in the least.
For them, the present state of affairs is simply the way of the world.