This is the presentation I made at the TPP Town Hall in Toronto on June 16, 2016:
Currently, the top 1% of Canadians receive 12% of all taxable income. The top 1% of Canadians received 7% of all taxable income in early 1980’s.
The real GDP growth per person grew by 50% from 1981 to 2011 but the real median hourly wage rose by just 10%.
Income inequality is a problem in Canada. Ms. Freeland, you yourself have said income inequality is a problem. In your interview with the LA Times in 2015, you said:
“We campaigned very much on a middle class prosperity agenda and we are very open about the fact that income inequality has been increasing and we have to do something about it”.
Income inequality will increase with the TPP according to study by Tufts University.
The same study shows that Canada will lose 58,000 jobs in a ten year period.
Joseph Steiglitz won the Nobel Prize in Economics. According to a Toronto Star article published in April of 2016, he said he spoke with you at the World Economic Forum in Davos, Switzerland. He told you to not to ratify the TPP.
Professor Steiglitz has said that the TPP will benefit big businesses at the expense of working people driving down the bargaining power of workers and their wages.
Please listen to Joseph Steiglitz and don’t ratify the TPP.