Quote:
Originally Posted by peter12
This is ridiculous. Sorry, you dismiss reasonable positions taken by some of Canada's most respected economists, and replace it with this nonsense?
Please. Tell me. What would be a reasonable first step to take to increase the median wage for millennial families?
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I haven't once rejected a reasonable positions. I also don't think it's an either/or scenario. I think both can be implemented. I think Vancouver should more tightly regulate short term rentals, crackdown on shadow flipping, bring in a vacancy tax, have foreign purchasers (from all countries) pay a high property transfer tax, decrease the amount available to be borrowed for mortgages on high valued homes, etc. I think all of these will help reduce housing costs.
A reasonable first step would be to reduce the corporate tax rate in BC. This allows the companies to pay more workers, or pay workers more. I would increase the SBD limit from $500,000 to $750,000. The tech industry is starting to grow in greater Vancouver. I'd like to see this continue to grow, as well as other industries brought in.