pwnna
Yup this is basically it. I even have people arguing with me here the moment i mention the word property tax. Unfortunately a lot of people would vote against their own long term interest in terms of services, community well being etc. for short term capital gains (and in the case of real estate, that’s tax free, lol).
This is perhaps the greatest problem facing us in the 21st century democracy as the world has become more and more complex and the cause and effects of things becomes ever more debatable.
Yeah but it is literally the biggest thing we should do as mentioned by the report that would address almost 40% of the problem. I’m not sure why are we are debating that we shouldn’t do this considering that property tax rates are 3x lower in GTA than everywhere else in Ontario, and that it fixes a large part of the problem.
Basically, before we take the initial, and most impactful step that is uncomfortable but necessary, we are proposing future things to do that is less painful sounding but doesn’t have clear returns. We all know why: people don’t want to pay more and want to make it someone else’s problem instead. Even the report acknowledges this political challenge. This conversation is basically the evidence for that.
Sure groceries are exempt, but there is a limit on how much you can reasonably spend. At the rate housing and asset prices are, there appears no limit on how much your wealth can grow. So instead of using a proxy metric (spending) to tax people with wealth, just go after it directly instead.
Sales tax uniformly applies to everyone by the same absolute amount but relatively affects poorer people more. The city should just raise property taxes instead. May help reduce the housing cost as well which would make the city more affordable.
What lens and camera did you use for this?