How far should government go when promoting economic equality?

Compare the statistics provided in the chart. How much money is left for food, clothing, entertainment, personal taxes or savings?  Living in Calgary  RentMinimum Wage FT Job  $13 087/yr$16 640

 - A key value of liberalism  -How can it lead to inequality?

 Is it up to the government or is it up to the individual to address economic inequality?

 Page look at the quote in the middle of the page, and make some point form notes about the Canadian Human Rights Act

 Page 322 – take notes that include  – 1970  -Government took control of education to do the following things:  -preparing students to better…  -more accessible Francophone….  -create more ec. Equal opportunity for…

 No barriers should stand in the way of any individual who wants to achieve economic success.  Affirmative Action – born out of the Civil Rights Movement of the early 1960’s.  Hiring and employment practices were to be free of racial and gender discrimination.

 What are the  Positive effects?  The negative  Effects?  Read p 324 –  respond to #3.

 Many opponents of classical liberal values (economic freedom, self-interest, competition, and private property) point out liberalism is an ideology that allows individuals to accumulate all the wealth they can, and forget about the welfare of others.  John Maynard Keynes 1936 pushed for a more equitable distribution of money than that experienced during the Roaring 20s. During the Great Depression over 25% of the workers were unemployed, banks were closing, and wages dropped 43% between 1929 to  While Andrew Carnegie and other “captains of industry” amassed huge fortunes, Keynes and others concluded that economies based on complete economic freedom were not workable. Rather most economies should have a mixture of private and public enterprises in order to benefit the people.

 MAN OF WISDOM DURING TIMES OF RECESSION

 -Gov’t intervention to address the economic crisis of the Depression.  -spent large public works projects so that many people were able to work again and earn money. (massive deficit spending)

 Make a T Chart to display the positive and negative of progressive taxation.  P 330

 Social policies reflect on the need for common good  What are some examples of social support in Canada?  What is a social safety net ( p 333)?

 Type 2 essay - 20 – format, 5 - outline  Economics – use your Soc St knowledge from this Chapter!!!!!!