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Ontario Premier Kathleen Wynne shakes hands with Ontario Finance Minister Charles Sousa after he delivered the provincial budget at Queens Park in Toronto.
Ontario Premier Kathleen Wynne shakes hands with Ontario Finance Minister Charles Sousa after he delivered the provincial budget at Queens Park in Toronto.
(MARK BLINCH/REUTERS)

Economy Lab roundup: Ontario’s tax-the-rich ineffectiveness

With Ontario now headed for the polls over the minority government’s new budget, the ruling Liberals may hold up their proposed tax hike on the rich as a carrot to left-leaning and middle-class voters. But this plan looks to be more style than substance – both in terms of its contribution to the province’s strained finances and its effects on addressing income gaps.