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Carrick on money: Why we should humbly thank the rich

Rather than bash them, Boris Johnson argues, “we should be offering our humble and hearty thanks” to the very wealthy.

TOBY MELVILLE/REUTERS

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Why we should humbly thank the rich
London mayor Boris Johnson says here that rich people are tax heroes. In the UK, The top 1 per cent of earners now pay 29.8 per cent of all the income tax received by the Treasury. For the social impact of a wealth gap between the richest people and everyone else, read a Globe and Mail series called the Wealth Paradox.

The mortgage rules changes ahead
With house prices still on the rise, the Canadian Mortgage Trends blog thinks further government action to cool the market is likely. Here's some speculation on what measures the feds might take.

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Learn about the stock market
TMX, the company that runs the Toronto Stock Exchange, has created these educational tools to help people understand how the stock market works. Included is a stock-trading simulator that lets you test your investing ideas with virtual money.

Be your own financial planner
Many do-it-yourself investors forget that one of the keys to successful investing is having a financial plan based on your goals and needs. A financial blogger is tackling the subject of building your own financial plan in an eight-part series, the first two of which can be read here and here.

Canada's Best Brokers
See who takes top spot in the 15th annual Globe and Mail online brokerage survey.

More money
Join the 33,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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