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By A Smith (anonymous) | Posted November 25, 2010 at 10:29:55
mrjanitor >> I think it would be fair to say that Hamilton's high infrastructure maintenance bill has a great deal to do with the age of our city.
The point is that sprawl itself, does not lead to high tax rates. If it did, all the communities I mentioned would already have tax rates similar to Hamilton, but they don't.
If Hamilton wants to cut tax rates, all it would require is a little belt tightening over a few years. Instead of spending faster than taxpayers income gains, spend a little less and let people keep more of their money. Hamilton is poor, not because we have a shortaqe of government services and infrastructure, we are poor because we tax each dollar of property investment at rates 50% higher than our GTA neighbours.
People aren't stupid, if they can pay a lower tax rate on capital gains outside of Hamilton, they will look elsewhere to invest.
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