toaster29
Active Member
I'm not so sure. The natural resources in the North could sustain that region for hundreds of years. They could force these mining giants to process in their own area (like Quebec does) instead of shipping out of province, they could also put hefty taxes on extractions, to sustain the area. They could also sell their energy (particularly hydro) back to Toronto. I think they would be fine.Toronto subsidizes them, they don't subsidize Toronto. If Toronto blipped out of existence tomorrow small towns across Ontario would be in big trouble.
Anyway, I still think Toronto needs to raise property taxes FIRST, and then show that even with taxes in line with the rest of the province, we can't pay for things. But that ask has to come after our property taxes are in line with the rest of the province. The optics alone don't look good, but beyond that, I don't believe it makes economic sense to subsidize the most wealthy in the province.




