The initial reaction of many in Ontario may well be positive to this announcement but a second thought for many will be that;

1. The reduced revenue to the Ontario Government will force deeper cuts in social spending.

2. The net impact of this lowering (coupled with probable companion lowering of income tax rates) and resulting cuts will be an increasing pace of growth of the wealth and income gap between people in Ontario (compounded for people across Canada as the Governments of other Provinces and the Federal Government make similar cuts).