Toronto Engineered

Toronto Engineered

724
0
SHARE
  • 53% of Torontonians will be under the Low Income Cut Off by 2025. Poverty is spreading in pandemic proportions, 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 created a ‘War on Women and 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 shrinking.
  • The City of Toronto has not Made Adequate Investments in its Transit System. When someone from Jane & Finch [or other suburban ‘high poverty area’] spends four hours per day travelling to and from work; but someone from Jane & Bloor only spends forty minutes travelling to and from work – it undermines the efficiency of the labor market, creates a specific ‘unfair advantage’ to those that are located near good transit – it skews 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.