Comment 30810

By A Smith (anonymous) | Posted May 06, 2009 at 00:02:33

TreyS >> bet the property tax is really cheap north of North Bay, by comparison to Hamilton.

It was 1.76% as of 2005. This is a bit higher than Hamilton.

>> Yes you will pay less taxes in Burlington and frankly you get the appropriate amount in return.

Here's an analogy that might help. Does it make more sense to spend your own money on what you value, or let a complete stranger decide what you want? Which choice will bring the most happiness and economic benefit to your life?

That's the exact thing that happens when you send money to the government, they decide what the "average" person wants and then they buy the good or service that appeals to the "average" person. The result is that no one really gets what they want, but because the government has no way of knowing what each person wants, they make compromises. As a result, the overall utility of government spending is much less than simply allowing the people to spend their own money in the first place.

If tax rates were lowered, a smaller percentage of people's net worth would be spent by strangers and the result would be much more tailored economic decisions and much more diversity in the local economy.

JonC >> Why do you enjoy letting other people make your decisions for you? Are you that insecure that you need them to think for you?

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