In order to avoid another provincial election the Liberal leader, Dalton McGuinty, and NDP leader, Andrea Horwath, have joined forces to tax the rich.
Anyone making over $500,000 will be taxed 2% to help pay down Ontario's deficit according to the Liberals and the new tax is expected to generate about $470 million annually for the government. This is good news to the common folks who feel that they have been taxed long enough and it's time that the rich gets a taste of the same medicine.
Of course in these times of austerity measures that are happening around the world, the NDP have won a symbolic victory for their party base as they have shown that they can work with a minority government and get their agenda fulfilled.
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