Quote:
Originally Posted by CaptainYooh
Calgary has grown to over a million population in just over one hundred years, which is a phenomenally fast pace for a municipality. The reason - favourable business environment and good labour market, which have historically been paid for by the entire taxpaying population (assuming that it wants the growth). These factors must be kept in check by low taxes, affordable housing prices and variety of housing for all income levels. This is similar to the yeast reaction - take any of the major components away and growth will stagnate, turn to recession and die.
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"Growing the city generates tax base, which can pay for more growth, which will generate more tax base" is the economics equivalent of "if I put a wind turbine on my car, it will generate electricity to power the car, which keep the turbine running". You end up putting more in than you get out.