sure, lets just price the poor out of the TTC, then they will be left with nowhere to go! they already can't afford a car, but being unable to afford public transit? really? the TTC is already coming under heavy criticism for its high Metropass prices.
I prefer a 10% increase to property tax hike, regional sales tax hike, or a number of other options for raising capital. Heck, just close down Bay to regular traffic and turn it into a 4 lane BRT during prime time for an extra 30,000 passenger capacity during AM/PM peak. We don't elect that kind of mayor, and I sure as hell didn't vote for the current guy.
Again, London has shown the alternative to solving capacity short-falls is to put staff at entrances whose entire job is to close station doors periodically to prevent over-capacity situations. Sometimes for 5 minutes, sometimes they'll close for several hours. If you want transit to be reliable, demand needs to go down OR alternative paths need to be built. Conveniently a targetted pricing change can help decrease demand now and provide an alternative path for the future.
I've done dumper diving to get a meal. It sucks, it really sucks when you realize you know exactly what day/time various stores turn over their goods. Some parts of my family were/are very wealthy, but my immediate family and my wife's were not; but dealing with fare subsidies should not be the TTCs problem. I don't need a fare subsidy now; I should not be getting a fare subsidy.
Give TCHC $400M/year in tokens/passes to distribute as they see fit; a targeted subsidy will be far more effective for those who require one. Let TTC market price themselves as needed to provide reliable service with the necessary capacity to serve demand.
Few cleaning/security/retail and other low wage jobs downtown begin/end shifts during peak periods. They're mostly offset from regular hours.
Also, poor need to get to work on time too. In fact, they're far more likely to be fired for being 20 minutes late than the bank paper pusher.