SOC100H5 Lecture Notes - Lecture 6: Daniel Defoe, Social Stratification, International Inequality
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SOC100H5 Full Course Notes
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Document Summary
Global perspectives: daniel defoe was an author (wrote robinson crusoe) that believed that people get rich because of good business people. Explanations of income inequality: natural talent, e. g. Emphasizes your impression management skills, your ability to influence others. Connections and culture help you find a good job. In large cities with a family of 4, with after-tax income of less than 504 would be considered poor. Canada: most poor people are trapped in poverty, more than 92% with low income escaped poverty in less than 2 years, 80% escaped in less than a year, 8% are in poverty for more than 2 years. Progressive tax: is a system in which a greater proportion of income is paid in tax as income rise. Those who earn more are able to shelter much of their income from taxation in resp, retirement savings plans, through capital gains tax exemptions, etc. Tax system does little to get rid of poverty.
