Comment 120959

By R_Ezergailis (registered) | Posted March 20, 2017 at 09:30:26

Gentrification of the core areas of major cities does create severe hardships for many artists and for potential fledgling businesses which cannot establish and thrive in what becomes an inaccessible real estate and renovations market. Gentrification is a symptom, not the real problem. It came about because of the ever larger number of bylaws, building code requirements and other relevant regulations and processes, which have all steadily added to costs. That has meant that establishing a presence, and opening up something new, has become more and more confined to something that only those with considerable and exceptional wealth, or extremely rare and lucky connections, can hope to achieve. Even then the costs typically dictate that tax losses are likely to predominate far beyond any chance of any real income, much less any real profitability. For those without income sufficient to benefit from the tax dodge mode of operating there is little to no chance remaining. The total costs have been driven up beyond what they can possibly hope to contemplate and pay from the always meager revenues. Of course some think that the new regulations are saving lives, and serving in some way or other to protect public health and safety. It can be statistically proven that that is far from the reality and that there have to be other, far more nefarious, motives to upping costs based on entanglement in mountains of red tape. Comparing what it took for people to open up public spaces, for commercial and arts purposes, back in the 1970s and what it takes now, the ever growing nightmare of strangled in red tape and its ever rising costs which then put an army of very costly experts into mansions, becomes clearly evident. Were any lives really saved by the red tape jungle ? Hardly a one, if even one. That is simply the illusion of false justification. Now, we do need some laws and rules, but when there are so many and they are made ever more costly, then something very wrong with how development is being handled and promoted.

Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds