Quote:
Originally Posted by CivicBlues
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.
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Because the BC Libs are:
1) imbeciles
2) lacking a worldly view on the global economy and politics
3) failure to understand the Mainland Chinese mentality
IMO, they are too chicken shxt to think that such policies would scare the Chinese money away. What they do not realize is, Mainlanders have a burning desire to channel their funds outside of the country. And with all the advantages that Vancouver enjoys (proximity to Asia / China, vast Chinese polulation, environment, schooling opportunities, etc.), they could jack up the entry fees and still attract enough foreigners to come.
Essentially, the Libs have Porsches available for sale, but they are afraid that if they sell them at Porsche prices, the foreigners wouldn't buy them in high quantities, so they just sell them at Civic prices. What they don't realize is, the Porsche margin is much, much, much higher than the Civic margin...