Comment 40330

By Donald J. Lester (anonymous) | Posted May 03, 2010 at 14:05:23

@ Henry and Joe
"we can try to increase the residential tax base by infilling as well" I here what you are saying but if that is not balanced with attracting jobs, business who is going to buy? All we may be doing is displacing the population that is all ready here. If you are seeking to attract the retired population it won't happen. For example I just sold my property at an excellent price but is you think I would, now retired, live in Hamilton considering the costs, take a look at this, and this is only an example.

True enough people have to live some place but when you consider what is happening with the economy, many, many will be looking for affordability including those who are and have lost jobs. What I have been hearing is that they could move, have a home and live in other communities and make less. If this becomes the trend, what you may be left with is the growing poor and government employees. That translates into constant financial inbreeding. Though you may not want hers this, once this trend begins you will not be able to stop it. Secondly, I would not be surprised if other communities independent of the province who have reasonably managed their finances will begin to to copy the same strategics as the US...offering incentives and tax breaks to attract new and to maintain their present employers.

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