Comment 30222

By arienc (registered) | Posted April 17, 2009 at 11:40:44

A Smith > Bring tax rates down, watch assessments go up and the city will once again be prosperous and healthy.

Lets say that one agrees with your statement that lower tax rates imply an increase in investment in the city. Fine. We lower tax rates. Then what?

It's easy to spout the mantra of lowering taxes. We all want lower taxes.

However what does the city do with the reduced revenue?

What services to residents does it cut back? Do we eliminate for example social services (which aren't a big issue in our neighbour cities) and let the most vulnerable among us suffer the consequences?

As Ryan pointed out, not everything governments do can be fully replicated by the private sector, nor is it even desirable to do so.

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