In yesterday’s provincial budget, Ontario Premier Dalton McGuinty announced the creation of a Move Ontario fund.
It’s all about spending tons of taxpayer dollars on things like subway extensions, on the TTC, on developing mass transit in places like Mississauga and Brampton and on road and bridge improvements in northern Ontario.
But as I was watching Finance Minister Dwight Duncan give the details yesterday, it occurred to me that the only thing this budget will move is investment right out of the province
After all, the budget did next to nothing about cutting Ontario’s high personal or corporate tax rates.
And until those taxes are cut, Ontario’s economic performance will suffer no matter how many subways and bridges McGuinty builds.