SOCIOL 2R03 Chapter Notes - Chapter 12: Crony Capitalism, Wage Labour, Profit Maximization
7 Sep 2013
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Document Summary
All known societies are characterized by inequalities, with the most privileged enjoying a disproportionate share of the total wealth, power, and prestige. More equal societies perform better than more unequal socieities in terms of health, well being, levels of crime, and social cohesion. Two certainties in life: death and taxes. Total tax bill is 43. 6% of annual income. The reduction in corporate income tax provides canadian corporations with the lowest tax rate on new business investment and the lowest statutory tax rate of all. The less well-off are increasingly shouldering the burdern of the taxes, although most canadians believe everyone should pay their fare share. More equal societies possess higher levels of collaboration, with less status competition, anxieties, an reduced consumerism since people may be less concerned with how they are seen or judged. Equality is used as equivalent to sameness (focuses on due process and legal equivalents) Equality is used in the sense of numerical or proportional equivalence.
