Thursday, October 25, 2007

taxastrophe

Well it appears the mayor of our fair city, the honourable Mr Miller, won his battle to raise taxes in Toronto. He got both the license tax for cars and the tax on the sale of houses through. The house tax is just plain stupid -- in times of economic slowdowns with reduced new housing starts Mr Miller is going to see reduced tax revenues -- I understand he was loathe to raise property taxes, which by the way he is going to do anyway, but doubling the land transfer tax -- talk about stupid. I understand there may be an arguement that even in a recessio there will be a minimum number of house sales -- however I am pretty sure that is not what their budgets are based on. As for the car tax, just wait till all those cars are registered to addresses outside of Toronto. By the way has the province agreed to administer either of these taxes?

Mr Miller and the other sycophants on city council are a short sighted bunch -- they want the other levels of government to bail them out (I appreciate the argument) but refused to go after the parties during the last election, guess Mr Miller was a little busy at all those green city meetings.

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