Quote:
Originally Posted by OMG!WTF!
It wouldn't even be that much because of business tax. But the issue is our ability to secure financing for large projects. We already have 2 billion in debt being carried by the city. We carry it well because our revenues are in line. Doubling that over night would without question effect our ability to borrow and manage future projects. Like Montrealers, you won't notice it until hunks of bridge start falling on your car.
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$2000 per person and 5 live in my home so $10k. Dividing the cost by 1.2MM people is idiotic because the pool of people paying is not 1.2MM people, unless you're expecting babies to receive invoices.
Also, again, and this seems to be constantly glossed over by everyone but the tax increase will be permanent. So, indefinite. As in- forever. It's not like hey guys can you all chip in 10k and help pay for the Olympics and then we'll go back to our regular scheduled tax plan. Yeah okay that's one thing to which this is not.
This is justification for the easy rise in taxes that will be permanent that otherwise would receive some significant public backlash and which, again and also glossed over- we are already going to be subject to very near-term just to cover existing projects and operating expenses.
This is not "just $2,000" per person. And no JBR I'm not going to go waste my time and create a massive spreadsheet because I don't have actual data to do the math that BidCo or the City have. What I do have is common sense and judgment based on previous games, so no I'm not going to "go work the math" for you. Vote however you want I'm just saying- this is going to be a mistake for Calgarians in general. I'm not saying this is going to like economically ruin the city but it does have train wreck all over it.