I really have to disagree with most of the sentiment here. I think a lot of people here suffer from what I'd call an infrastructure fetish.
The truth of the matter is, that Canada is in a relatively good financial position, and there is every reason to believe that the road ahead in the context of the global economy will be fraught with difficulty and turbulence. There are serious economic imbalances in the world today that are starting to, and are already creating serious fiscal problems for sovereign governments.
Europe is currently in the middle of bailing out several of it's smaller economies, whose governments are literally weeks away from fiscal collapse due to massive amounts of loans maturing in an environment where they can not obtain affordable credit due to their fiscal position.
Ontario and Quebec are both on a collision course with fiscal disaster right now, with serious structural deficits.
The argument that government must invest in infrastructure in bad times just doesn't fly with me. This common wisdom has been at work since the end of the second world war, and this "wisdom" has overseen the gradual degradation of the balance sheets of almost all the world's developed countries. Despite nearly thirty years of the greatest economic expansion in human history, we managed to sink ourselves to levels of debt that are unprecedented.
We are consistently mortgaging our future. This demand, this protest everyone is making is a demand to invest billions upon billions of dollars the province and federal government do not have. We have culturally become too used to getting what we want, even when we don't have the money. For consumers, it's their credit cards. And for the government, it's been their central banks that will just run their printing presses to pay for everything.
When the government borrows money -- as anyone who is economically trained well-understands -- it created consumer price inflation due to an increase in money supply, and it necessitates future tax increases, which decreases productivity.
If we want a transit system that keeps up with demand, then we are going to have to pay for it out of real capital. Not capital pulled out of the government's ass and offset to a future generation to deal with the consequences. It's time we made the TTC profitable, and if that means making a Subway ride $3.75, then so be it. If that means instituting fare zones, so be it.
People need to learn to pay the cost of what they use. If the real cost of transporting someone across Toronto on transit is $3.25 (and by my calculations, that's about what it costs), then we need to make people bear that cost. At the same time, I have no trouble making gas taxes bear the lion's share of maintaining roads and highways.
Transportation costs money. It costs energy and labour, and fixed-link systems have high capital costs. This needs to be reflected in the pricing structure. And if that means more money out of your pocket, so you can't afford to buy lunch out every day and you have to bring a bagged lunch to work everyday: so be it. That's reality, folks. Things cost money.
And I live in Toronto, do not own a car, and this would hit me in the pocket book. But let's be very honest here. If they raised a subway ride to $4.00 a trip, I'd still take the subway. It would still be more economical than owning a car. Even if I took the subway twice a day, every day, it would be less than $300 a month. The cost of car ownership is far higher than that.
And you know what, if the higher cost actually improved service, facilitated expansion of the network, and took fiscal pressure off City of Toronto and the Province, I think everyone would be a winner. And if poor people are a problem, then I say we can institute a subsidy program for them, but not for everyone else. If you can afford the bear the cost, you should.
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