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Deregulation can make Ontario great again

5 7 2399
06.07.2018

Doug Ford, like Donald Trump, ran for office making sweeping promises that most viewed as mere campaign rhetoric. Upon becoming president of the United States, Trump showed his seriousness by rapidly fulfilling his promises; upon becoming Ontario’s premier, Ford is also fast off the mark in honouring his. Daunting though their fulfilment might seem, they can easily be accomplished by following the Trump blueprint. It begins with radical deregulation.

Ford critics widely deride his pledge to find $6 billion in “efficiencies” in the province’s $160-billion budget, treating it as draconian. It is in fact a trivial target for a businesslike cost-cutter, requiring just four per cent less government spending, equivalent to where government spending was two years ago. Ending corporate welfare alone, according to an Ontario government study, would save about $5 billion. The remaining billion — assuming Ford wants to stop at a mere $6 billion — is well on its way to being accomplished in his first week in office. He’s already instituted a hiring freeze on civil servants and cancelled the Green Ontario Fund, a........

© Financial Post