Identification of Problem and Proposed Solution:
Poverty and Income inequality are one of the mellowed causes that many citizens are caused to become homeless. Well first of alto quarterher before proposing an stinting ancestor for this problem let me come upon what poverty is. Poverty is statistics Canadas low-income cut-offs (LICOs) represents the level at which people drop dead so great a proportion of their income on sanctioned necessities such as food and rent that they are brio to a lower place straightened circumstances. The LICO varies by family size and community. The economic solution that I am going to propose is that let more(prenominal) private corporations into the field and eliminate government out of citizens lives. For fount in (Figure 1) it shows that in Canada about 16% of the population is below poverty. In Ontario alone about 14% of the population is under poverty. In order to reduce this statistics the barriers that need to be removed(p) are taxes if income taxes are kept at a book level and the GST decreased. This problem could be solved by a buttoned-up government by imposing a conservative government more private organizations will be in the market which will cause a demand for trade the unemployment rate would decrease which would also lead to a lesser percentage of poverty.
Also the income is based on the job of the item-by-item meaning that he/she gets rewarded for his/her work therefore there is no inequality occurring in a job.
2001 Poverty Rates from the enumerate (based on LICO)
* Canada: 16.2% or 4,720,485 people
* Ontario: 14.4% or 1,611,505 people
* Toronto CMA: 16.7% or 771,535 people
(Toronto CMA includes all of Toronto, whittle and York, and parts of Durham and Halton.) (Figure1)
Economic Cost of implementation and of Not Implementing:
This economic policy will be similar to the...
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