Quote:
Originally Posted by chowhou
I don't quite understand what you mean by "our rich are not doing very well compared to how they 'should' be doing". Can you elaborate on that?
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He means walking on eggshells with BC one-percenters out of fear that they run to the States. At last check, Sweden's economy is fine and their upper classes aren't leaving in droves.
Quote:
Originally Posted by misher
And as I’ve pointed out the NDP housing taxes didn’t bring in any extra revenue overall so clearly they aren’t doing much research before putting taxes in as they are using absolute numbers rather than accounting for reactions.
Btw they are saying housing starts will be down 25% this year despite immigration increasing, scary.
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The spec tax is revenue-neutral. Think of it as a Compass Card - it's more about regulation than income. Chasing away the vultures can only help the economy.
... Who's "they?" CMHC's predicting even more construction than last year.