Hume, James, Burton and the special interest group Civic Action all
are proponents and mouth pieces for new revenue taxing sources 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 citizen 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
A
corporate transit tax, or as I propose a bank, union and corporation, transit
tax, to help finance public transit and subways has been in place and very effective
in the city of Paris and counties of the Ile de France since 2008.
Yet this special interest group transit Alliance, the city of
Toronto or Metrolinx all do not allow or provide for any direct corporation
transit tax because lobbying groups, career politicians and political parties
are all primarily supported by corporations, banks and unions.
As such all their positions on funding transit are for direct citizen
taxation as opposed to union and corporate taxation for public transit?
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 calls
for a transit tax on corporations, banks and unions doing business within
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.
A Transit Tax of 1% on Banks,
Unions and Corporations would Generate 100% more funding for public
transit than a 1% Sales Tax.
UP DATE
Union and Corporate Transit Tax
ARTICLES:
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