Economy 52,861 Posted June 7, 2018 Share Posted June 7, 2018 https://www.bnnbloomberg.ca/bay-street-weighs-in-on-worst-case-scenario-in-the-ontario-election-1.1089166 Experts are sounding alarms that if the NDP (socialists) win Today Ontario's economy will be severely crippled While the the right balance of taxation and spending is debatable, in Ontario the top income brackets already pay nearly 50% (when combined with Federal Tax) making it already one of Canada's highest rates for high income earners The NDP promise to raise taxes further on individuals but also on Corporations. Experts say because the US already lowered taxes and Canada is now at a competitive disadvantage, raising them further could outright kill all incentive for international companies to invest more in Ontario. Last time the NDP held a majority government Canada's currency ended up tanking 15% and 100,000 jobs were estimated to be lost Link to post Share on other sites More sharing options...
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