Kelly McParland recently nominated the Occupy Movement for The National Post's "brain half full award." He scornfully described the movement as:
People lying around in tents in downtown parks because somehow that will combat “corporate greed”, or solve one of the two dozen other complaints they had, which essentially boiled down to: “I want the world to be different, but I don’t want to have to put out any effort myself, other than hanging out in this tent.” In the U.S. there was real reason for protest; in Canada it was mainly, “Hey, look what they’re doing in New York. I wanna do that too.”
But reports this morning in The Globe and Mail and The Toronto Star suggest that the Post's collective brain is half full. Consider the position of Canada's top 100 CEO's:
The 100 highest paid chief executives whose companies are listed on the S&P/TSX composite index made an average of $8.38-million in 2010, according to figures pulled from circulars by the Canadian Centre for Policy Alternatives, a left-leaning think-tank.
During the same period:
Regular Canadians, on the other hand, have seen their wages stagnate over the past few years. In 2010, after adjusting for inflation, average wages actually fell.
Put another way, on this -- the third day of the year -- the average Canadian CEO has made more money than the average Canadian will make all year. Hugh Mackenzie, the author of the report, says that Canada's business elite and the rest of Canadians are living on two different planets:
“The people at the very top of the income scale — and CEOs are at the top of the top — have really launched themselves into a kind of economic interplanetary travel. If the rest of us are on earth, they're off somewhere else in a different world. I think that's unstable.
And Stephen Harper says that cutting corporate taxes will create more jobs, while .E.I. contributions should be raised. Something's wrong with this picture. Those folks in the tents know what's going on.