Ontario is headed for default at some point within my lifetime.

Even if the entire wealth of the 1% that live in Ontario were confiscated, it would barely put a dent in the provincial debt -- which has more than doubled over the past 14 years despite a 33% increase in government revenues.

And if the current provincial budget were truly balanced, then the debt would not be increasing.  Instead, through sleight-of-hand accounting, billions of additional debt are being counted as 'capital investment' and not included in Sousa's figures.

We are close to the tipping point