Addressing both high housing costs and transit funding with one tax

Very progressive – what do you think?

Price Tags

Jeff Nagel just added this to the comments section under “The Beautiful Empty Homes of Vancouver.”

We (the Black Press newspaper group) in 2011 proposed a homeowner grant for TransLink much like the municipal version. It would allow more property tax to be raised for TransLink, which clearly needs more revenue, without the rate increase affecting the taxes on the typical owner-occupied home.

Those who would pay more would include ineligible foreign owned and non-owner occupied investment homes, neither of which qualify for muni homeowner grants either. An increase in their costs might arguably also provide some limited benefit on the housing affordability/efficiency issue. Our idea never got any traction but you can still read that editorial here.

Just to avoid wrist strain, and to make sure the proposal gets a higher profile, I reproduce it here:

 

A radical tax proposal

View original post 458 more words

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