Quote:
Originally Posted by Mr.Coffee
yeah that's fine, whoever contributes should be allocated votes.I'm talking about the fact that they have opened up voting to people who bear no financial risk. Pretty sweet deal if you ask me.
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I'll tell you what's a sweet deal. That provision in the Tenancies Act that prohibits landlords from passing on property taxes to renters.
But I'll tell you what's not a sweet deal. Somebody with a $300K house in Evergreen or Saddleridge getting the same amount of say as somebody who owns a $3M house in Mount Royal or Brittania. Or companies with large real estate holdings like Boardwalk. So I'd have to assume votes would be allocated based on actual tax contribution for this to be fair, rather than treating poor property owners the same as rich ones.