Comment 35297

By seancb (registered) - website | Posted November 11, 2009 at 17:46:41

Smith, write an article on tax rates already - I will not respond to your derailments.

I will respond to your private investor question however...

First of all, public transit is an essential service just as roads and sewers are - that is why it is subsidized. Your car is also subsidized. So unless you walk everywhere, you can get off your high horse.

More importantly, when the city invests in LRT, it will reap benefits in property tax income from the developments that follow. If a private company was responsible for implementing LRT, they would not see a dime of that development tax income. It is absolutely not appropriate to try to apply the "pure capitalism" test to this equation.

Again, read the case studies of other cities. I have given links and delivered this information to you but you refuse to read it.

Go read that before coming here and uttering a word about property tax rates. Nobody cares about it because it is not part of this discussion.

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