Comment 28749

By JonC (registered) | Posted February 17, 2009 at 12:10:30

As for the vacant buildings, we already covered that they pay less tax than other cities and thus corporations can sit around on them paying peanuts in taxation, since the sites have no value as is.

The simplistic thoughts that there is one solution to every problem that exists is concerning. Clearly, billions of people around the world are complete imbeciles. I wish such a well schooled economist as A Smith could provide the numbers from his years of study that indicate the ideal level of property taxation. And saying as low as [insert city name] doesn't cut it, because some other wiz-kid libertarian living in [previously inserted city] would say, but if our taxes are .0001% less than Hamilton's we will be the obvious choice for all businesses to locate, and so on. It must be a horrible strain having a first year economics course under your belt and a head full of Ron Paul.

Please stay on topic when you post, pretty please.

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