May 17, 1998 The Toronto Star By Dalton Camp
Surprise: Rich getting richer, poor poorer
.... snip ........
In a new book coming soon to bookstores
near you, James Laxer writes about The
(Penguin) being waged now
between the two remaining classes in
society - a dominant class and a dominated
one.
StatsCan published last year a study
showing that 1996 average incomes of the
poorest fifth of Canadian families fell by
more than 3 per cent, while the incomes of
the richest 5 per cent increased by almost
2 per cent.
Or put another way: The three wealthiest
Americans - Gates, Warren Buffett and John
Walton (and family) - have more combined
assets ($94 billion U.S.) than 50 million
of the poorest Americans. In purely
financial assets, the same three have a
combined wealth worth as much as that of
the poorest 100 million Americans.
``Welcome to cyber capitalism,
American-style,'' Laxer writes.