State destroys city
Posted on May 27th, 2019 –
A large swath of Yonge Street is in the process of being demolished to make way for sterile, corporate homogeneity. Most of the businesses along the lengthy strip didn’t leave by choice.
You might be tempted to think it was the government-imposed 100% — i.e. double — tax increase (with more planned), that drove so many businesses either out of the area or into bankruptcy but “think tanks” like the C.D. Howe Institute beg to differ; Toronto has very “competitive” property tax rates, they say, it’s just that they’re difficult to estimate because of complexity, obscurity, and lack of transparency.
You may think that taxing property “owners” twice — i.e. double — for simply living on a piece of land throughout the city would be similarly problematic but the eminent Ryerson University along with some councilors believe that the city could easily squeeze another 20% from taxpayers who have the audacity to live in a home that they “own”.
Bloody “free” market strikes again!
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