Comment 30676

By A Smith (anonymous) | Posted April 30, 2009 at 23:44:52

Jason >> please don't send any info my way that cites 'Las Vegas

It sounds as if you lost a lot of money there. My point was simply that there are ways to provide things like rail transit, while also keeping taxpayers protected.

>> you could have used Buffalo.

Buffalo has rail transit and residential tax rates around 2.3%. So even though rail might attract people, when government takes such a large percentage of their net worth, the net effect is still extremely negative on attracting investment. People do not like paying high taxes and they vote with their feet.

Furthermore, property taxes are a regressive tax and so they hit average and poor people disproportionately. If these rates were brought down, the people who that would help the most would be Joe Worker and his family. Strange that a working class town like Hamilton would tax the worker more than Oakville or Burlington.

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