Jim Doak can't see the ground from his lofty tower on Bay Street

The way Toronto financial analyst Jim Doak sees it, Ontario NDP leader Andrea Horwath and groups such as the Campaign to build ‘One Big Campaign’ (CBOBC) are, well, pretty much evil!

Howarth outraged Doak and his privileged, elite friends on Bay Street last week by proposing a two percentage point increase in provincial income tax for people earning more than $500,000, as a way to help close Ontario’s budget deficit.

Income disparity is also one of the major issues that CBOBC believes should be tackled by the proposed huge campaigning network that would include hundreds of activist groups and progressive unions.

“It’s nasty,” Doak said during a debate on CTV. “It’s ethnic cleansing. She’s defining a group not by culture or language, but my how much money they make, and she wants to get rid of them.”

Jim Doak,
President and Managing Director
Megantic Asset Management

Doak was appearing in a debate against Armine Yalnizyan, senior economist for the Centre for Canadian Policy Alternatives. Yalnizyan later tweeted: “As an Armenian it was a stunning comment to hear as his opening defence, and incredibly challenging to avoid commenting on.”

Doak claimed that the two per cent tax increase will drive the super-rich out of Ontario and the financial community will have to follow – the kind of fear mongering that the rich always offer up when they are faced with the prospect of paying a little more.