Five years ago, the Flaherty-Harper government introduced income splitting for pensions. Designed to benefit only higher income earners, in 2009, 84% of the people who benefited were men.
If the boom has not led to a marked increase in inequality, the same cannot be said for government policies. They markedly increased our levels of inequality.
Between 2005 and 2009 assessed incomes in Newfoundland and Labrador increased by 49%. The boom we are experiencing is without precedent in Canadian history, but it is also exceptional for a quite different reason.