Income Security: A Roadmap for Change

• 17% of Ontario’s planned infrastructure investments ($190 billion,
beginning in 2014–15) 113
As income adequacy improves there will be a multiplier effect as this money
works its way through the economy For 2017–18, the federal government has
estimated that the expenditure and tax multiplier for budget measures targeted
to modest- and low-income households is 13, meaning that an investment of
$1.00 generates $1.30 in economic activity. This is a significant return, as the
multiplier for infrastructure investment is 14
114
Using this multiplier effect, the
total impact on the economy of the changes anticipated over the first three years
of the Roadmap would be more than $8 billion
There is movement across the globe to find ways to grow the middle class in
response to rapidly growing income disparity This Roadmap presents a plan to
reach income adequacy over 10 years and to more effectively direct the billions
of dollars spent towards better health and well-being, employment and social
inclusion outcomes People are the most important resource we have Failing
to invest in a better quality of life for impoverished people will only compound
problems for them, for our communities and for the economy
113 Based on 2016-17 Ontario budget figures
114 Based on the 2016-17 federal budget Source: http://wwwbudgetgcca/2016/docs/
plan/budget2016-enpdf pg 255
Income Security: A Roadmap for Change 163