Ford government economic updates and budgets

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Bacchus

The taxes could not be raised enough on the rich to pay for everything. Xonsumption taxes andéor the raising of everyones taxes would follow

Michael Moriarity Michael Moriarity's picture

Bacchus wrote:

The taxes could not be raised enough on the rich to pay for everything. Xonsumption taxes andéor the raising of everyones taxes would follow

It is probably true that income taxes on the rich alone would be insufficient, although I'd like to see the numbers. What is really needed is a wealth tax, as suggested by Thomas Piketty, and as Elizabeth Warren is proposing in her campaign for president. They've been accumulating wealth for a long time, and it badly needs to be taxed.

Debater

Paladin1 wrote:

I still feel some people are being naive about the cuts being made. There has to be cuts. The Liberal spending wasn't sustainable. 

Nail Ford for lying but cuts have to come from somewhere. leaders have to make unpupular decisions. Wynne wasn't a leader in that respect- she hid the truth and burried her spending. And we're suffering for it.

The Ontario Liberals inherited a large deficit from Mike Harris/Ernie Eves.

Don't forget that part.

Aristotleded24

Paladin1 wrote:
I didn't really watch the race and election. I'm definitely glad Ford won. I don't like what I'm reading about autisim funding being cut. I'm certian there's other cuts being made that I wouldn't like. I'm not a beer drinker so I don't really care about the beer issue but I'd have to say I'm not a fan of the 'Beer Store' monopoly and the sweet deal the Liberals gave them. Corner store owners seem supportive of being able to sell beer - and wasn't that something we wanted? More mom and pop stores and less walmarts?

But getting back to Ford lying, maybe. Probably? If he did he should be brought to task for it. I don't fall for that "all politicians lie" excuse.  I still feel some people are being naive about the cuts being made. There has to be cuts. The Liberal spending wasn't sustainable. 

Nail Ford for lying but cuts have to come from somewhere. leaders have to make unpupular decisions. Wynne wasn't a leader in that respect- she hid the truth and burried her spending. And we're suffering for it.

I can't believe that people still keep falling for this. The real problem with the debt and the deficit is political, not finanical. Unless the government is going into an election where they can pat themselves on the back about a wonderful job they've done balancing the budget, actually eliminating the debt and the deficit is not in their best interests. The only time governments ever show any concern about the debt and the deficit is when it comes to spending money on programs and services that benefit the general population. It's never a concern when it comes to enriching the wealthy special interests that got them elected, and that is true across the political spectrum. Remember that under Paul Martin as Finance Minister, the Liberals cut social spending deeply. These programs were very popular. The reason the Liberals were able to get away with it is that they scared us all into believing that the world would end if the deficit didn't get under control, and they promised to re-invest once the budget was balanced. Well, after a few years of massive government surpluses, they brought in massive corporate tax cuts, and the surpuls went away.

On the actual ecnomics of government spending, economist Mark Blyth has explained why fears of deficits are over-blown and used to sell a particular political agenda.

Paladin1

JKR wrote:

Why not raise taxes instead of cutting programs as Ontario’s programs are similar to the other provinces while the level of taxation in Ontario is relatively low compared to the other provinces, especially for higher income brackets. Maybe Wynn’s mistake was keeping tax rates too low?

Caveat- I don't know much about money, taxes, the economy and so on.

If I'm being honest I don't want to pay more taxes to support programs you like and I'd wager you don't want to pay more taxes to support some of the programs I might like. Winning an election on a platform about raising taxes would be pretty difficult. The government needs to be more responsible with where it spends money. I'm not sure if the provincial government gives as much money away as the federal government but I bet even provincially we're just bleeding money. Like $650,000 for the OCS "development of the name, logo and brand guidelines".

Government organizations go on a spending spree every march or april to spend all of their budget otherwise "they won't get as much money next budget". We need more spending oversight (which may have prevented the Liberals from hiding how much money they spent and wasted). Why did Paladin1 order a new $1500 theraputic office chair 3 years in a row? I think being more fiscally responsible, including rewriting some rules, could save us a lot of money.

Paladin1

Debater wrote:

Paladin1 wrote:

I still feel some people are being naive about the cuts being made. There has to be cuts. The Liberal spending wasn't sustainable. 

Nail Ford for lying but cuts have to come from somewhere. leaders have to make unpupular decisions. Wynne wasn't a leader in that respect- she hid the truth and burried her spending. And we're suffering for it.

The Ontario Liberals inherited a large deficit from Mike Harris/Ernie Eves.

Don't forget that part.

 

I just read up on that. Thanks, very true!  90 billion to 132 billion under Harris.

Bacchus

Michael Moriarity wrote:

Bacchus wrote:

The taxes could not be raised enough on the rich to pay for everything. Xonsumption taxes andéor the raising of everyones taxes would follow

It is probably true that income taxes on the rich alone would be insufficient, although I'd like to see the numbers. What is really needed is a wealth tax, as suggested by Thomas Piketty, and as Elizabeth Warren is proposing in her campaign for president. They've been accumulating wealth for a long time, and it badly needs to be taxed.

 

Good luck with that

 

"you cant tax us twice"

"You cant tax whats no longer in the country"

Etc Etc Etc

Michael Moriarity Michael Moriarity's picture

Bacchus wrote:

Good luck with that

"you cant tax us twice"

"You cant tax whats no longer in the country"

Etc Etc Etc

I think you are living in the past. The audience at The View seem to think it's a pretty good idea.

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