Lightnews — Scholar-powered news

Social Capital Partners🇨🇦 @scpartners.bsky.social · 10h

Canada’s wealth gap is way worse than official data show.

The PBO just confirmed the top 1% own nearly 25% of all wealth—which StatsCan missed because it doesn’t even count the richest families in its surveys.

🔗 Read more: socialcapitalpartners.ca/wealth-inequ...

#CdnPoli #BillionaireBlindspot

Wealth inequality in Canada is far worse than StatsCan reports

Our government’s best available data on Canada’s wealth gap excludes, by design, the wealthiest families in the country. As SCP Director of Policy Dan Skilleter writes, if we didn’t have the Parliamen...

socialcapitalpartners.ca

3 7

Reposted by Social Capital Partners🇨🇦

Bloomberg Opinion @opinion.bloomberg.com · 1d

Under assault from an increasingly aggressive and authoritarian United States, Canada's future is less secure than perhaps at any time in postwar history

Can Canada Survive Donald Trump?

Under assault from an increasingly aggressive and authoritarian United States, the country’s future looks less secure than at any time in postwar history.

bloom.bg

4 5 10

Social Capital Partners🇨🇦 @scpartners.bsky.social · 5d

🚨New video🚨

As Canadians, we like to think we’re strong and free. But, when it comes to the wealth gap, we’re looking more like America Lite—better manners, but almost all the inequality.

#CdnPoli #CanadaSky #Wealth #EconSky

1 15 23

Reposted by Social Capital Partners🇨🇦

Sabina Vohra-Miller @sabivm.bsky.social · 7d

In Canada, top 1% of wealth holders hold 24% of total wealth.
Meanwhile, PM Carney has an ‘austerity budget’, which will impact the disadvantaged.
Patriotic Millionaires Canada, which I am a board member of, estimated that a 3% tax on wealth over $100-million could raise $25-billion annually.

2 57 140

Reposted by Social Capital Partners🇨🇦

Patriotic Millionaires Canada @patmillscanada.bsky.social · 7d

“While working Canadians are paying higher rates than their ultra-wealthy fellow citizens... the government is currently considering a so-called austerity budget that is almost certain to make these problems worse.” - @sabivm.bsky.social and Hon. Ratna Omidvar

www.hilltimes.com/story/2025/0...

Canada's exploding wealth inequality requires tax changes

Our current tax code is not asking the wealthy to reinvest in our economy, and that failure is weakening services and programs working Canadians may use to get ahead.

www.hilltimes.com

1 11 17

Reposted by Social Capital Partners🇨🇦

GBH @wgbh.org · 7d

Congress told us to “Go Fund Yourself.”
And with your help, we can.

Our federal funding might be gone, but we’re still here. Public media needs your support now more than ever.

A sleek GBH-branded graphic composed of deep blues and purples is displayed on the GBH mural. It reads "Congress told us to 'Go Fund Yourself.' And with your help, we can."

5 54 190

Social Capital Partners🇨🇦 @scpartners.bsky.social · 8d

The Social Capital Partners offices are closed today for National Day for Truth and Reconciliation, also called #OrangeShirtDay.

Today we encourage reflection on the tragic and painful legacy of residential schools.

We thank 6th-grader Albertan Sloane Campbell for her beautiful design.

#NTDR

This design was created for Orange Shirt Day by Sloane Cameron, a Grade 6 student from Innisfail, Alberta. Her design showcases a tree, a heart, and children. The tree to represent nature and the heart to symbolize that every child matters and is equally important. The children in the design are holding feathers as an Indigenous representation; however, she drew them without faces so that they have no expression and can represent any child.

1 6

Reposted by Social Capital Partners🇨🇦

Robert Reich @rbreich.bsky.social · 10d

CEO pay is up 1,094% since 1978, while worker pay is up just 26%.

Why do we always hear "we can't afford to pay our workers more" but never "we can't afford to pay our CEO more"?

390 5.2K 15K

Social Capital Partners🇨🇦 @scpartners.bsky.social · 12d

cc: @policyoptions.irpp.org

Social Capital Partners🇨🇦 @scpartners.bsky.social · 12d

The Parkland (🍁) sale to Sunoco (🗽) offers little benefit to Canada while risking jobs, innovation and sovereignty.

Ottawa should say no.

Read Sarah Doyle and @jonshell.bsky.social in Policy Options.

#FDI #OwnershipMatters #AlwaysCanada #Never51

policyoptions.irpp.org/2025/09/suno...

Canada should reject Sunoco’s US$9-billion takeover of Parkland

The Parkland sale to Sunoco offers little benefit to Canada while risking jobs, innovation and sovereignty. Ottawa should say no.

policyoptions.irpp.org

1 3 5

Reposted by Social Capital Partners🇨🇦

Diane Swonk @dianeswonk.bsky.social · 13d

Why do economists care about inequality in incomes and wealth?

1) Inequality tends to dampen overall economic performance. One of most immediacy effects is on consumer spending. Low-and middle-income households spend a larger percentage of each dollar that they earn when more spending is in…

1 21 49

Social Capital Partners🇨🇦 @scpartners.bsky.social · 14d

#OwnershipMatters

2

Reposted by Social Capital Partners🇨🇦

Robert Reich @rbreich.bsky.social · 14d

The richest man on earth owns X.

The second richest man on earth is about to be a major owner of TikTok.

The third richest man owns Facebook, Instagram, and WhatsApp.

The fourth richest man owns The Washington Post.

See the problem here?

1.9K 20K 58K

Social Capital Partners🇨🇦 @scpartners.bsky.social · 14d

🚨New article🚨

With fixes to fragmented financing and outdated regulatory frameworks, #YourBudget2025 could make it easier for social finance investments to properly scale and deliver the kind of outsized impact Canada needs at this time.

Let's not leave $ on the table.

#CommunityFinance #CdnPoli

The federal government is leaving investment dollars on the table—but it can fix that in the budget

At the recent Victoria Forum, community and philanthropic leaders outlined creative community finance and impact investment ideas that could mobilize big pools of private capital to invest in local bu...

socialcapitalpartners.ca

2

Social Capital Partners🇨🇦 @scpartners.bsky.social · 15d

☎️ Press "1" for economic transformation!

Subscribe to our eNews for life advice, the latest on employee ownership and digital enshittification.

Read the latest: us18.campaign-archive.com?u=53675690f1...

Join our mailing list: socialcapitalpartners.us18.list-manage.com/subscribe?u=...

#CdnPoli

Poster for Misericordia Place with older woman holding large red telephone handset and words: "Life Advice Line. Call Today!" with various options.

Reposted by Social Capital Partners🇨🇦

Matthew Mendelsohn @mendelmatt.bsky.social · 16d

Sign up for our newsletter!

mailchi.mp/2271355235d2...

The latest from Social Capital Partners

Subscribe to our biweekly eNews for solutions to concentrated wealth and ownership. Come for the metrics, stay for the mirth. Come for the mirth, stay for the metrics. #OwnershipMatters

mailchi.mp

1 1

Social Capital Partners🇨🇦 @scpartners.bsky.social · 16d

🚨New explainer🚨

Levels of Foreign Direct Investment don't actually tell us much about the state of the economy.

@iipp-ucl.bsky.social's Sarah Doyle and @jonshell.bsky.social unpack what FDI is, when it is and isn’t beneficial and why these nuances matters.

tinyurl.com/2s3p57w7

#CdnPoli #EconSky

2 5

Social Capital Partners🇨🇦 @scpartners.bsky.social · 21d

More evidence that #OwnershipMatters when growing a resilient, sovereign Canadian economy.

1

Reposted by Social Capital Partners🇨🇦

Matthew Mendelsohn @mendelmatt.bsky.social · 21d

Elbows up needs to include digital sovereignty. Those who want to do harm to Canadians should not own our digital, data and cloud infrastructure.

We can't have sovereignty under these circumstances.

theijf.org/american-fir...

American firms own nearly a third of Canada’s data centres

Experts warn that reliance on foreign-owned data centres poses risks for sovereignty.

theijf.org

4 23 88

Reposted by Social Capital Partners🇨🇦

Jim Stanford @jimbostanford.bsky.social · 23d

What a treat to spend a day in Ottawa with 40 progressive economists and thought leaders to imagine a more robust nation-building economic strategy, at the ‘Elbows Up Economic Summit’: policyalternatives.ca/news-researc.... #cdnecon /2

3 11 37

Social Capital Partners🇨🇦 @scpartners.bsky.social · 23d

Scoffield to take on ‘convoluted, archaic and often distorted tax system’ as founding CEO of the Canadian Tax Observatory.

#TaxPolicy #TaxReform #CdnPoli #CanadaSky #EconSky #TaxFairness

www.meansandways.ca/news-article...

Scoffield to take on ‘convoluted, archaic and often distorted tax system’ as founding CEO of Canadian Tax Observatory — Means & Ways

www.meansandways.ca

3

Reposted by Social Capital Partners🇨🇦

Robert Reich @rbreich.bsky.social · 24d

"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." –Justice Louis Brandeis

Words spoken many years ago that are just as relevant today.

We must continue the fight to get big money out of politics.

200 3.1K 11K

Reposted by Social Capital Partners🇨🇦

Brett House @brettehouse.bsky.social · 24d

Canada’s largest employee-owned trust shows the power of EOTs to keep companies locally rooted while sharing wealth.

Meera Raman cites the Social Capital Partners report I co-wrote with Jon Shell. Big credit to Employee Ownership Canada & Matthew Mendelsohn.

www.theglobeandmail.com/business/art...

1 2 10

Social Capital Partners🇨🇦 @scpartners.bsky.social · 25d

B.C.-based Taproot's sale of the company to its 750 employees demonstrates exactly what the Employee Ownership Trust (EOT) structure was meant to achieve.

We couldn't agree more, Minister Champagne!

#EmployeeOwnership #EOTs #OwnershipMatters #CdnPoli #CanadaSky

5 8

Reposted by Social Capital Partners🇨🇦

Patriotic Millionaires Canada @patmillscanada.bsky.social · 29d

15 billion. Not by using any of the advantages the ultra-rich already get in the tax code. Just plain theft.

Everyone agrees we need to crack down on this, so what's stopping us?

breachmedia.ca/canadas-hidd...

Canada’s hidden tax crisis is stripping $15 billion from the economy every year ⋆ The Breach

For decades, Liberal and Conservative governments alike have incentivized corporations and wealthy individuals to shift profits overseas.

breachmedia.ca

2 3