Quote:
Originally Posted by C-One
Absolutely first year econ there. Logic remains though tax one group to benefit another. Justified or not. Foreign or not. Disrupting the market.
And it wont just be foreigners bearing the cost of the tax. It will be all pre existing homeowners (locals included) who say for instance if a tax is implemented make our home we wish to put up for sale a little more expensive and have fewer potential buyers and thus lower potential sale price and gain on sale.
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and that's the quandary the politicians have, appease the few that cry the loudest complaining about foreign ownership by implementing a tax, thus bringing down the price of the house (total spend will end up being somewhat the same, just a portion will now be tax instead of capital), which negatively affects the 70% + of households that own by decreasing the value of their property by this amount, decreasing wealth effect, decreasing mood of purchasers, resulting in decreased spending in a time when just about every other canadian driver of GDP has shit the bed.
it will never happen in Canada. that petition is a joke, so what a couple 10, 20 thousand people signed it, who gives a damn, i'm sure a lot more ppl think killing seal pups is worse and would sign a petition, i don't see the canadian government stepping in there.
the only way for people to truly stand up is with their votes, and gregor is still in power, and so is crust clark, so we see how well that works!