Comment 112762

By CharlesBall (registered) | Posted July 14, 2015 at 10:10:35 in reply to Comment 112760

85 per cent of Ontario expenditure is health care, education, interest and welfare. If you take welfare and interest out of the equation that leaves 55%. Fully 90% of those expenditures are wages, benefits and pensions. The vast majority of what we spend is on anything but infrastructure. We could have bike lanes up the wazoo, and subways and who knows what else if we could get wage and interest (debt) costs under control. As we know, even though 16% of the budget is for social programs, those programs are arguably under-funded.

We are near or at a tax wall, the point where increased taxes actually reduces revenue. The government move recently to tax higher income earners at a greater per percentage actually reduced the gross revenue from that cohort. No one likes to talk about it, but until public employees take a hit, we are stuck with an inability to properly fund infrastructure.

At least when we fund infrastructure, we get some palpable lasting result.

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