Quote:
Originally Posted by peter12
We should be far more concerned with streamlining our regulatory processes than reducing taxes.
For example, access to housing is one of the biggest drivers of inequality in this country and it has almost nothing to do with taxation. The issue is centred around how difficult it is to build enough housing supply to meet demand.
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I disagree strongly, that housing prices have nothing to do with tax policy. Foreign capital inputs certainly play a large role in housing prices, but so does domestic demand. Low interest rates allow people to borrow large sums, as long as they have a down payment. Current tax policy allows certain people to far more easily build a down payment than others.
Lots of local people are continuing to buy property. The vast majority of sales are too locals.