Politics of Poverty

Politics of Poverty

646
0
SHARE

  • 53% of Torontonians will be under the Low Income Cut Off by 2025. Poverty is spreading at pandemic proportions; and economically this has created a drag on the middle class, which is getting smaller every year.
  • Because the City has misdirected financial capital, 21 ‘high poverty areas’ have developed in Toronto. Women and children are more inclined to be in poverty than men, this has caused a ‘War on Women in Children’.
  • The cost of poverty and discrimination is hard to estimate; but it undermines consumerism and contracts the size of markets. This is ‘another’ reason that the middle class is getting smaller.
  • The City of Toronto has not make adequate investments in its transit system. When someone from Jane-Finch [or other suburban ‘high poverty area’] spends four hours to get to work; but someone from Jane-Bloor only takes twenty minutes to get to work – undermines the efficiency in the labor market, and contributes to poverty and a shrinking middle class.
  • High taxes and tax increases hurt the poor and middle class far more than people in the higher income brackets. The City of Toronto has good revenues; but Toronto City Council misdirect revenues – to assets that are designed to assist people in the higher income brackets – and they ignore the poor and middle class.