Alex Mazer (BMO Loran Scholar ’97) argues for a better framing of the Toronto budget debate.

Imagine you have created a budget for your household. Your domestic partner, who has little patience for financial details, asks about it.
You might reply by explaining how you are planning to spend less on eating out, but more on travel. Or how by buying used clothing instead of new, you can start saving for your kids’ university education. Most likely, you would talk about resource allocation and household priorities.

Here’s what I doubt you’d say: “Our income from my part-time job will increase by 1.85 per cent this year.”

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