James, Burton and the
special interest group Civic Action all are proponents and mouthpieces for new
revenue taxing sources directly and only on the individual taxpayer for:
Highway tolls, Sales
tax, Property tax, Payroll tax, Fuel tax, Vehicle tax, Parking levy, Land
transfer tax and Development charges as opposed to a 1% or 2 % transit tax
levied on banks, unions, corporations doing business within Ontario and Canada!
As such they represent
the interest of big business, banks corporations and unions NOT the residents
and citizen taxpayers of Toronto, Ontario or Canada. Any new revenues for
transit funding must come from a 1% or 2 % transit tax on banks, unions and all
corporations doing business in Ontario and NOT a sales tax or other taxes
directed against and on individual taxpayers.
It is TIME for banks,
unions and all corporations to contribute their share for transit costs and NOT
just citizen taxpayers.
Metrolinx and the city of Toronto transit funding proposals
call for a city tax of some sort and DO NOT suggest or allow for a corporate
transit tax on banks, unions, corporations and not profit organizations?
Revenue source
|
Nominal rate
|
GTHA annual revenue
|
Personal income tax
increase
|
1%
|
$1.4 billion
|
Sales tax
|
1%
|
$1.3 billion
|
Property tax
|
1%
|
$90 million
|
Payroll tax
|
1%
|
$500 million
|
Highway tolls
|
10 cents/KM
|
$1.5 billion
|
Fuel tax
|
10 cents
|
$500 million
|
Vehicle tax
|
$100
|
$300 million
|
Parking levy
|
$365 space
|
$1.08 billion
|
Land transfer tax
|
1%
|
$600 million
|
Development fees
|
$5,000 unit
|
$200 million
|
Banks, Unions, Corps.
Transit tax 1%/2%
$6 to $12 billion
The special interest group transit Alliance also does not
allow or provide for any direct corporation transit tax because this lobbying
group is primarily supported by corporations, banks and unions. Their position
is for a direct citizen by means of a new 1% sales tax.
The question that has to be asked and
answered by these career politicians, special interest groups, technocrats and bureaucrats is, where are the
alternative proposals that call for a new direct transit tax on banks,
corporations, non-profits and unions instead of the usual all party platforms
for more citizen taxes and NOT corporate transit tax?
Not one of the ten funding proposal by these career
politicians, technocrats, bureaucrats or special interest groups and
lobbyists call for a transit tax on corporations, banks and unions doing
business in Canada.
For the media, special interest groups, Metrolinx and
technocrats’ to suggest that Toronto’s property taxpayers and
citizens on their own should fund public transit is totally unrealistic.
It is a self-serving political agenda by political parties
of all stripes along with their puppet career politicians and businesses who
themselves cannot get their hands out of the public trough.
Asking Torontonians to suck-up yet another little
new sales tax increase of 1%, that over the years would
quickly become 5% or more, would not come close to the annual
BILLIONS of dollars needed to fund any new subways, let alone LRT’s or the
current infrastructure requirements for existing operations
and never-ending fare and salary increases of the TTC, is scandalous.
My proposed 1% Transit Tax on Banks, Unions, and Corporations operating in Canada could generate $ 6 Billion annually for existing public transit in Canadian cities, including Toronto.
The 1% direct Sales Tax on citizen proposed by the transit alliance special interest group, supported and financed by businesses, could only yield $1.3 Billion according to media reports, metrolinx and the city of Toronto.
My proposed 1% Transit Tax on Banks, Unions, and Corporations operating in Canada could generate $ 6 Billion annually for existing public transit in Canadian cities, including Toronto.
The 1% direct Sales Tax on citizen proposed by the transit alliance special interest group, supported and financed by businesses, could only yield $1.3 Billion according to media reports, metrolinx and the city of Toronto.
A Transit Tax of 1% on Banks,
Unions and Corporations would Generate 100% more funding for public
transit than a 1% Sales Tax.
ARTICLES:
No comments:
Post a Comment
Thanks for your thoughts, comments and opinions, will be in touch. Peter Clarke