GST Tax Reduction?
October 31st, 2007So.. a 1% reduction in GST instead of passing the money on to the cities.
I guess this means a savings of $15 per month for me - 3 more mocha fraps (liquid cheeseburgers) - which really won’t affect my life. However, the $400 million or whatever that the city would have received from the 1% seems like it would make a difference.
Maybe I’m taking the $15 for granted. Would $15 make a difference to someone who is closer to the poverty line? Maybe. But someone closer to the poverty line likely has a higher dependence on social services than I do. So then the question becomes - is the $15 better utilized in social services funding or personal consumption?
For me, the extra $15 dollars really goes towards funding the TTC fare hikes. If they channeled 1% to social services, the TTC likely wouldn’t have to increase fares. So it’s a wash for me. But, I have the privilege of living close to the subway.
If I was in a lower income bracket, I would likely be living in a less accessible area, thus would be more reliant on TTC buses. As a result of the TTC budget crunch, I’m sure buses are less frequent, or even cancelled. So it’s a double whammy - increased fares, and decreased service.
This is just one example, by way of the TTC, but funding for social programs is important to everyone. I don’t like increasing taxes, but accept them if I agree with what they are used for. I HATE decreasing taxes, when we have so many gaps in funding.
Though, I don’t think it’s the lower income people asking for tax cuts. It seems like the rich people - you know, the ones with all the bling and gadgets, who don’t require social services but would rather have more bling - that want tax cuts.
Think about it objectively - how does the tax cut affect EVERYONE, not just you.
This is another reason I love living in Toronto - you see both ends of the spectrum, the ultra rich and the ultra poor, every day. It’s a constant reminder of what our city, province and country is made of.