Comment 27482

By jason (registered) | Posted November 27, 2008 at 10:55:19

how many people do you know who own their own homes?? I think I know 2. Both are older and have just finished paying off their mortgages.

I shudder to even respond to your most recent point because now you're trying to differentiate as to where tax dollars go based on who pays them. You're partially correct in that existing home'owners' are subsidizing all the new subdivisions further out of the city. But it's not just them. Everyone is, from the multi-unit buildings downtown (which have an insanely higher tax rate per person than single family homes) to condo's, retail shop owners etc..... The fact is, many of those people paying 4-5 grand a year in taxes wouldn't live in those homes had it not been for huge subsidies by existing taxpayers.

'Convenient capitalist' is exactly right...you can't have it both ways.

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