Comment 59496

By BizzyBee (anonymous) | Posted February 10, 2011 at 11:04:49

Agreed - When the people come back to their senses they will realize that the only business that survives is something that your neighbours want and will pay you to do from the earnings of their own work.

The old story goes that we need a cave and a piece of meat. Fire is also nice, but not necessary. Everything after that is luxury. Start with shelter and food - homebuilders, steelmakers, brickmakers, farmers, etc - and then our city will truly be producing something. But don't stop - go on to provide service, technology, research. Use it to improve our lifestyle, and trade it with "outsiders" for a profit. Then the net household in Hamilton will truly be wealthy.

That said, look back a hundred years or so at the tax structure. If we build a factory, we can tax it to pay for our city - as a proxy for the citizens paying for what they need (roads, schools, libraries, arenas, etc). That only works when factories and cities are tightly bound. With todays economy and transportation, factories can exist anywhere - and do. It is the people living in the city (consuming the benefits) that need to pay the taxes - which they could afford to pay if factories could afford to locate here.

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