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Toronto's Race for Mayor : Dr. Tory Has Administered the Laudanum

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posted on Oct, 23 2014 @ 04:22 AM
Toronto, the quivering elderly Victorian lady, so distubed by ructions at City Hall during the administation of Rob Ford, is giving signs of having regained a comfortable opiated state of composure. Her pupils dilated into two wide open black holes, she lays in her sick bed, a tentative girlish smile on her crosshatched crone's face, ready to receive the ministrations of the good doctor.

Having doped her up, I believe Dr. Tory is now going to strip her of her assets.

That would make perfect sense, considering his own long time background as an instrument of the financial elite. He has said that he will fund Smart Track without raising property taxes. He's not giving any sign of confronting the upper levels of government over the widely acknowledged failure by those entities to fund municipalities adequately. (Doug Ford lost a golden opportunity to run on that issue.)

TIF or Tax Increment Financing, Dr. Tory's vaunted solution to funding transit expansion, is not realistic and not practical, but has the "virtue" of being a serviceable campaign catch phrase. It will fool some of the people. I don't know much about this stuff but I don't think any lending institution is going to advance funds to Toronto using future tax increments as collateral. Toronto voters might be dumb but lending institutions are not.

Which brings us to assets. I think in the long run, a Tory administration will be selling off the city's assets to fund transit expansion. Neither he nor any of the other candidates has given any indication of being willing to belly up to the Prime Minister or to the Premier of Ontario and demand that Toronto receive a larger share of the taxes that are collected from this region.

I think every one of the candidates, in the back of their minds, intends to sell city assets to fund infrastructure. They aren't saying so. That would be too direct. However transit expansion can't be funded in any other way short of cutting a long overdue "new deal" on taxes with the feds and the province.

The attitudes of upper levels of government in this country toward municipalities is appalling. It is a clear dereliction of duty. The whole country suffers when the Toronto region has a less than adequate transit system. Hundreds of millions of dollars in taxes are lost because transit is inadequate in Toronto. If you are up in Bear Paw, Goldbar, or Turpentine Township and are wondering why the Province is not funding some project, it is because they and the federal government have let the engine of the Canadian economy, an engine that produces billions of dollars in taxes, dollars that could fund that project, fall into disrepair.

The election of John Tory, something that seems a certainty at this juncture, will be a victory for the privatizers, and another step in the further impoverishment of Toronto. Unfortunately, not enough people have woken up to the importance of the funding issue to be of benefit in this election. It is the most important influence on life in this city and barely got a mention from candidates, including Doug Ford.

I'm still voting for Ford. I'm taking a pass on the tincture of laudanum offered by Dr. Tory. Minnie Mouse is a nice lady, but she can't be mayor of this city. She's too nice.

posted on Oct, 23 2014 @ 08:19 AM
a reply to: ipsedixit

Love it! How dare you be so eloquent at 5 AM? Wishing the people of Toronto a dose of sage. It's an herb, much better than laudanum.

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