Comment 29607

By A Smith (anonymous) | Posted March 16, 2009 at 23:01:41

Ted >> If you can't do it right, it's better to stall it so it doesn't get done.

If the city cut tax rates, giving the private sector a greater role in the city's economy, we would not have to suffer from these delays. Governments are bureaucratic by design, so when they control too much of the capital, the economy stagnates. By allowing the individuals and businesses of Hamilton to keep a greater percentage of their net worth, the total number of economic transactions would increase, therefore increasing the speed at which new products and services come to market.

Trial and error is the basis of a consumer driven, private sector economy, so by increasing it's relative role in society, you also increase the amount of things that "get done". Furthermore, by abolishing zoning rules and urban plans, you let the buyer and seller decide what is important. One year it may be condos, a few years later, townhouses. The point is that these preferences are "real time" and not based on plans that are out of date as soon as the politicians craft them.

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