Senator Warren’s bill would force U.S. corporations with more than $1 billion in annual revenues to obtain a federal corporate charter.
Responses from a number of prominent Canadians to the Fraser Institutes recent study, Measuring Income Mobility in Canada, reveal a great deal about the differing views on social policy and the state of the debate regarding inequality.
The perennial debate regarding income inequality ebbs and flows but never disappears. For a variety of reasons, including the backlash against corporate bailouts in 2009 (well deserved), the election and re-election of Barack Obama, and a deluge of reports spanning the political spectrum, income inequality has vaulted to the front of the publics concerns. Unfortunately, the discussion of inequality is almost always fundamentally misstated because it ignores income mobility.