How Can This Be Allowed? The Injustice of Wealth Hoarding Amid Homelessness

 How Can This Be Allowed? The Injustice of Wealth Hoarding Amid Homelessness

By Tina Winterlik aka Zipolita and AI

As British Columbians ring in another year, the annual BC Assessment report highlights a tale of two cities: one of untold luxury and one of profound despair. Leading the list of extravagant excess is the $82.7 million mansion of Lululemon founder Chip Wilson at 3085 Point Grey Rd., nestled along Vancouver’s prestigious waterfront. Meanwhile, not far from this gilded neighborhood, thousands of people are unhoused, struggling to survive amidst skyrocketing rents and an increasingly inaccessible housing market.

This stark contrast isn't just troubling; it's obscene.

The Numbers Don’t Lie

While Chip Wilson’s mansion enjoyed a casual $899,000 increase in value—equivalent to the price of a modest Yaletown condo—many Vancouverites face eviction notices, stagnant wages, and an unrelenting housing crisis. A quick glance at Craigslist shows rents for two-bedroom apartments averaging $3,500 a month. For newcomers, immigrants, and students, the situation is even more dire, with overcrowded housing and exploitative living conditions becoming the norm.

How have we reached a point where one man’s home appreciates by nearly $1 million in a year, while countless others are forced to sleep on the streets? Where is the justice in a system that prioritizes property speculation over people?

Luxury for a Few, Poverty for the Many

Vancouver’s wealth inequality is glaring. While billionaires enjoy oceanfront views, heated pools, and private chefs, those on social assistance live on woefully inadequate stipends, often far below the poverty line. Housing has become a commodity, a plaything for the rich, while shelter—one of humanity's most basic needs—remains out of reach for so many.

Newcomers to Canada, promised a better life, are instead greeted by exploitative landlords and skyrocketing rents. International students, who contribute billions to the economy, are often forced into unsafe living conditions, while the government turns a blind eye.

Homelessness in the Shadow of Excess

The unhoused are not faceless statistics; they are mothers, fathers, youth, and seniors. Many have been displaced by rising rents, job loss, or systemic neglect. They sleep in parks and shelters, or huddle in makeshift encampments, mere blocks away from homes worth more than most will earn in a lifetime.

Meanwhile, wealth hoarders, emboldened by lax taxation and lenient property laws, continue to amass unimaginable riches. It’s time to stop pretending this is an accident. It’s a policy choice—one that places profits over people, real estate over human rights.

A Call to Action: Time to Reclaim Justice

This is not about jealousy or envy; it’s about justice. How can a society justify such stark inequality when the solutions are clear?

Tax the Ultra-Wealthy: Implement progressive property taxes on multi-million-dollar homes, with funds redirected to affordable housing projects.

Freeze Rents and Build Public Housing: Rent freezes, combined with large-scale public housing initiatives, can provide immediate relief.

Protect the Vulnerable: Guarantee tenants’ rights and ensure access to affordable housing for newcomers, students, and low-income families.

It’s time to stop accepting excuses and demand accountability. When governments fail to act, they fail us all. As the saying goes, “Eat the rich” may not be literal, but it encapsulates the growing frustration of a society tired of seeing wealth celebrated while basic humanity is ignored.

Justice isn’t a luxury—it’s a necessity. And it’s high time we demand it.

#EatTheRich #EatTheBillionaires