Comment 41097

By BobInnes (registered) - website | Posted May 22, 2010 at 21:26:04

Sad. Many moving parts to analyze but taxes & utilities are a good place to start because of their baseline quality. What if Hamilton tax rates were 11% lower not higher? Thanks Robert D for doing that homework for us but ending on a green note, even justifiably, seems a bit dangerous as Capitalist notes.

Other than the tax lesson, which Hamilton has not learned in many decades, I wonder if one lesson here is to be gleaned from Quebec taxpayers, which I understand to be taxed more than anyone else in Canada. Does this not illustrate something about relative (in)elasticity of voters/taxpayers? How many are up and leaving? Can one conclude that just as Hamilton smugness comes from steel which comes from deep water harbour which enabled chronic overtaxation mentality, Quebec's taxpayers seem somewhat captive (inelastic) because of they can't easily walk away from their culture? Is that over the top?

On a brighter note, perhaps this deal will fall apart at $200 oil or interest rates double from here. Still, that's no excuse for our lazy closed-minded politicians who must be turfed out and replaced with folks who understand what's a happenin' and are prepared to deal with it. Most don't get it so, dear reader, please look in the mirror or your phone list and see if you see a worthy person. Right now I've got nobody to vote for.

Frogs, the pot is getting warm.

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