Quote:
Originally Posted by will068
I don't mind the foreign investing. But, our government should be capitalizing on the $$ even further to the point of greed. Be business-like for once. The tax rates for foreigner-owned residential properties should be increased exponentially. We never had this tax revenue stream before, so there is nothing to lose.
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Someone more knowledgeable than me please explain this to me like I'm an idiot:
With the run-up of property prices in BC the past decade, you would think the resulting effect would be a huge windfall in tax revenue for the provincial and municipal governments. If this is the case, why do we still have shit infrastructure and still have to fight tooth and nail for every incremental improvement in transit, roads, health care, schools, trash collection, etc. It just doesn't make any common sense to me unless everyone in gov't is making out like robber barons.