Comment 55711

By A Smith (anonymous) | Posted January 11, 2011 at 15:15:08

From 2001-02 to 2009-10, program spending in Ontario (primarily health and education) went up by 76.6%. In that same period of time, the amount of stuff that Ontario's economy produces has increased by only 25%. In 2000, government spending on goods and services comprised 16.5% of Ontario's economy, in 2009 it was 21.9%.

Since the government has taken more control over the economy, the result has been a weakening in our ability to compete. In 2000, Ontario's competitive economy had an export sector that made up 72.7% of GDP. In 2009, Ontario's big government, more centrally planned economy has an export sector that was only 48.8% of GDP. By looking to government for freebies we have forgotten that what creates wealth in the first place, competition and the free market.

Instead of any money going to a a stadium, Hamilton should either cut taxes and/or increase cash to poor people. Both of these things would reduce the role of government in allocating resources and would also increase the amount of business competition here in Hamilton. More competition equals more innovation and more wealth for everyone.

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