Canada

Complacent middle class here. I would gladly get taxed more if that meant improved health and education and welfare. Not super keen on keeping up the subsidies of oil and gas, and of spending 5% of GDP on American weapons. And yes, we need a wealth tax.

They can't bring their money with them to hell

Their wealth needs to be seized and redistributed. They can still be obscenely wealthy, but they also need to forced in psychiatric programs since most of the uber wealthy families of the world have mental illness running through them.

I suggest reading up on the Mars family (the people who own Mars candy bars and other confectionery). The story of their OCD in doing anything at all for more money and market share was terrifying.

According to the World Inequality Index, between 1999 and 2024, the top-1% in Canada grew their wealth from 26% to 29%.

In the same period in other countries, the top-1% changed their wealth:

• in Australia and New Zealand, more or less unchanged at around 23%
• in Europe, more or less unchanged around 25%
• in the USA, grew from 31% to 35%
• in China, grew from 19% to 30%
• in Russia, grew from 40% to 49%
• in Latin America, unchanged at around 36%
• Oceania, grew from 24% to 27%
• Sub-Saharan Africa, shrank from 38% to 34%

Worldwide, the top-1% share was stable at around 37%.

In the same period 1999-2024, the wealth of the bottom-50% in Canada slightly shrank from 15% to 14%. In other countries:

• in Australia and New Zealand, more or less unchanged at around 5%
• in Europe, more or less unchanged around 3%
• in the USA, grew from 0.6% to 1%
• in China, shrank from 14% to 6%
• in Russia, shrank from almost 7% to less than 3%
• in Latin America, unchanged at 2%
• Oceania, decreased from 3% to 2%
• Sub-Saharan Africa, slightly increased from below 2% to 2.1%

Worldwide, the bottom-50% grew their share of the total wealth slightly from 7% to 8%.

Source for the top 1%, here for the bottom 50%.

You can play around in the linked diagrams for other countries and regions.

Canada's poor richest 1% nearly as poor as poorest 80% :((

To be fair, there arw many who could use some basic financial education around here.

That’s awful

Complacent middle class, or rapidly shrinking and struggling to not fall further middle class?

The system is progressing as expected. The US is further ahead on the timeline. If they collapse first, that may trigger a systemic reset here, before we've reached their stage of fascist dystopia. Get your demands ready and demand more than people did during the 1930s. Much more.

19% would be the complacent middle class 🤮

Hot tip - that's most Lemmy users. I'm guessing there's also people in the top 0.9 kicking around.

Edit: Aaaand yup, there's cope in the comments.

Socialists are mostly the champaign kind now, although that doesn't make them wrong, neccesarily. Honestly, I have trouble picturing the old days when the kind of people I live around would have voted left.

Finally, the top 1 per cent hold almost a quarter of all wealth in Canada. A person in the top 1 per cent owns 210 times more wealth than an average person in the bottom 50 per cent.

By contrast, the bottom 40 per cent collectively hold slightly more than 3 per cent of total wealth in Canada, each with an average net worth of just under $87,000.