Horwath vows to freeze Ontario tuition, nix interest on student loans
This all around "fairness" just doesn't make sense to me, just like NDP plan to cut taxes on gas at the pumps in Ontario. I wonder if any analysis is done to realize any benefit/cost/waste on these ideas? Take a look at this chart, easily found at Stats Canada, with regard to allocation of family income that is used by various income brackets for savings of retirement and post secondary education.
Notice the large amount of lower and middle class families that don't save for retirement or post secondary education (PSE) at about 40% for the lowest group. Also infer from this that the actual percentage of income it requires from those families to save for PSE is much greater than those in the higher brackets.
Families with higher incomes don't need a freeze on tuition but they would get it with this NDP idea that should have been left in the "brainstorm" sessions where it was concocted. Higher income families will have no issue sending their children through PSE. Do voters really want to pay for these well off families?
It's very important that everyone in Canada has easier access to PSE but without unnecessary expenses.
Hudak and his PCs promise $2 Billion in funding for PSE but don't add any details as to where this is coming from or how it will be used.
The Liberals have a much better idea in their platform to help lower-middle income families with a reduction of tuition fees by up to 30%. That makes allot more sense to me and doesn't waste resources on families that don't need the assistance.
Is it the weekend yet? Hope you are all having a great day!
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