There are no upcoming events right now.
Why not post one?
Recent Articles
- The Year 2020 Has Been a Wakeup Callby Michael Nabert, published December 31, 2020 in Special Report: COVID-19
(1 comment)
- The COVID-19 Marshmallow Experimentby Ryan McGreal, published December 22, 2020 in Special Report: COVID-19
(1 comment)
- All I Want for Christmas, 2020by Kevin Somers, published December 21, 2020 in Entertainment and Sports
(1 comment)
- Hamilton Shelters Remarkably COVID-19 Free Thanks to Innovative Testing Programby Jason Allen, published December 21, 2020 in Special Report: COVID-19
(0 comments)
- Province Rams Through Glass Factory in Stratfordby Doreen Nicoll, published December 21, 2020 in Healing Gaia
(0 comments)
- We Can Prevent Traffic Deaths if We Make Safety a Real Priorityby Ryan McGreal, published December 08, 2020 in Special Report: Walkable Streets
(5 comments)
- These Aren't 'Accidents', These Are Resultsby Tom Flood, published December 04, 2020 in Special Report: Walkable Streets
(1 comment)
- Conservation Conundrumby Paul Weinberg, published December 04, 2020 in Special Report
(0 comments)
- Defund Police Protest Threatens Fragile Ruling Classby Cameron Kroetsch, published December 03, 2020 in Special Report: Anti-Racism
(2 comments)
- Measuring the Potential of Biogas to Reduce GHG Emissionsby John Loukidelis and Thomas Cassidy, published November 23, 2020 in Special Report: Climate Change
(0 comments)
- Ontario Squanders Early Pandemic Sacrificeby Ryan McGreal, published November 18, 2020 in Special Report: COVID-19
(0 comments)
- A Rundown of the Lunacy That Is Council's Vendetta Against Cameron Kroetschby Martin Zarate, published October 13, 2020 in Special Report: Council Conduct
(0 comments)
- Councillor Threatens Integrity Commisioner Complaint Against Charity, Private Individualby Ryan McGreal, published October 02, 2020 in Special Report: Council Conduct
(0 comments)
- City Already Published Unredacted Motion Central to IC Reportby Graham Crawford, published October 02, 2020 in Special Report: Council Conduct
(0 comments)
- Councillors, Listening to Angry People is Your Jobby David Harvey, published October 02, 2020 in Special Report: Council Conduct
(0 comments)
- Low Hospitalization Numbers Today Are No Cause for Complacencyby Ryan McGreal, published September 23, 2020 in Special Report: COVID-19
(7 comments)
- Silence is Acceptance for Colleagues of Bullying Councillorsby Ryan McGreal, published September 14, 2020 in Special Report: Council Conduct
(1 comment)
- One Resident's View of Safe-Sizing Aberdeen Avenueby Graham Crawford, published September 09, 2020 in Special Report: Walkable Streets
(0 comments)
- Erin O'Toole's Climate Policy is Insincere and Unseriousby John Loukidelis, published September 08, 2020 in Special Report: Climate Change
(1 comment)
- Predictions of Chaos and Doom for Herkimer, Charlton Bike Lanesby Ryan McGreal, published September 08, 2020 in Special Report: Walkable Streets
(0 comments)
Article Archives
Blog Archives
Site Tools
Feeds
By Laura, Advocacy Hamilton (anonymous) | Posted September 24, 2011 at 14:27:32 in reply to Comment 70038
The reason why it is 2.33 as opposed to 1.6 of infrastructure, or the .29 of tax cuts is because of the relative wealth of the recipient.
To answer your concern more directly the greater the wealth, say average 'middle to upper class' consumer is that they will be more likely to spend it in foreign countries or on non-domestic cars, etc. These activities bleed money out of our economy onto global markets. The other premise in play is that the more disposable income you have the likelihood it is not in circulation locally, i.e. hold money in banks, stocks, RRSPs etc. For further info on how that is verified, you'd have to contact Dr. Kubursi. I do know his modeling is used by our government and internationally and widely accepted. Sorry, I cannot be more specific.
This isn't a solution to all poverty nor total economic stability. We are, for better or worse, a global economy but I do truly believe we ignore community economic development at our peril.
I am always amazed at Scandinavian countries who are taxed heavily yet seem to have an average of personal wealth at a higher level than we do. Their top one percent still rivals others internationally. That would be a hard sell here and I won't even bother trying.
Side note to the comment above yours... Fair wages also plays a major role, it's just not the topic of this article.
Permalink | Context