CityBiz: Interest rate update, oil prices back above $100 a barrel
The Bank of Canada is expected to raise its overnight lending rate, the price at the pumps might be the cheapest its going to be for a while, and other business news with Mike Eppel.
Yeah raise the rates and burn the backs of struggling Canadians. You printed money and gave wage and rent subsidies to large corporations, but you won't go after them.
40% homeowners owner 2+ properties. This can be solved by applying a scaling property tax at the federal level. Making it similar to income tax, so the more of Canada (property) you own, the more you pay. Seems fair, after all the land belongs to all Canadians, so why shouldn't everyone have a chance to own some of it.
By making a property tax that scales, you could cut property taxes for single home owners and for each additional property you own you pay 1.5x the original property tax , then 2x the property tax and so on. If you played Monopoly, it would be the equivalent to that dreaded "Pay tax based on each hotel and house on properties" that basically slags the big guy in the game.
Such a property tax structure would make it increasingly unprofitable to gobble up properties for any reason. There would have to be exceptions, such as farm land etc. However I think most of the current housing problems could be solved this way.
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On a positive note the families of liberal voters & media people will be paying for generations of liberal corruption as well.
Yeah raise the rates and burn the backs of struggling Canadians. You printed money and gave wage and rent subsidies to large corporations, but you won't go after them.
40% homeowners owner 2+ properties. This can be solved by applying a scaling property tax at the federal level. Making it similar to income tax, so the more of Canada (property) you own, the more you pay. Seems fair, after all the land belongs to all Canadians, so why shouldn't everyone have a chance to own some of it.
By making a property tax that scales, you could cut property taxes for single home owners and for each additional property you own you pay 1.5x the original property tax , then 2x the property tax and so on. If you played Monopoly, it would be the equivalent to that dreaded "Pay tax based on each hotel and house on properties" that basically slags the big guy in the game.
Such a property tax structure would make it increasingly unprofitable to gobble up properties for any reason. There would have to be exceptions, such as farm land etc. However I think most of the current housing problems could be solved this way.
Your god will not forgive you if you remain quiet … these boys are not JT's play toys
B.S.
# Blackrock
Oh look … "Economy fixing" going on.
The poor just aren't poor enough.