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Fund it federally then. The portion of any one person's tax bill that goes into paying for another person's housing is negligible versus the amount we give corporations. Solve the big stuff before griping about the small stuff.
Forgive the rant, but I think we may need to add some background to this.
We fund government initiatives via taxes to spur job growth and invest in employment opportunities. Every dollar is tethered to some form of employment, somewhere, aside from debt repayments and money sent offshore.
It is largely the same with corporations. Taxpayers investment in them, or give them tax breaks, for them to create jobs, and invest back into the communities where they operate, or expand their international operations, in order for them to create wealth, and create the wealth necessary to support government budgets.
Unlike governments, private corps need profit, to put away, to then re-invest. Governments can tap into tax dollars indefinitely, but corporations invest what capital they have left over, so they can leverage their profits, savings and profit potential.
So we need to invest in corporations, because government cannot do it all, and is not able to if it were asked to, as that's how the nation ultimately creates wealth.
...Governments can tap into tax dollars indefinitely...
Ain't that the sad truth.
269-unit purpose-built rental tower will adapt to council's auto-lite vision for downtown Victoria, with no on-site provisions for parking.
A 47-unit rental project on lands adjacent to downtown's Johnson Street Bridge will proceed to construction.
Northern Junk, Capital Iron lands and Victoria real-estate development Q&A with Jon Stovell of Reliance Properties
Jon Stovell discusses Reliance Properties' two million square feet of local development potential.
Proponents anticipate the City of Victoria to decide on the project's fate later this year.
Reliance Properties heads before Committee of the Whole to seek public hearing support from council.
Victoria council approves affordable condo and rental devs, but sends Northern Junk project back to drawing board
Over 200-units of housing were approved by the City as Northern Junk proposal enters second decade of planning.
Art Deco-styled Victoria office complex sold to Vancouver developer; eyed for restoration, more floors
Completed in 1940, 780 Blanshard Street served as the headquarters for the province's mid-century electrification efforts.
Victoria’s trepidation over bridge land sell-off forces Northern Junk proposal to slim down, nix condos in favour of rentals
Redesign number seven may be the lucky vision for a near decade-long planning process for a harbourfront development site.