quote:

Originally posted by VDub buddy we get all of that in Mississauga AND I pay 1.7% property tax... Well... Not sure about the garbage collection...

Not the toronto land transfer tax and double vehicle regestration fees.

We dont pay for different sized garbage bins either.

but the HST, electronic recycling fee and fuel taxes yes.

how much spending from what areas would have to be slashed in order to make ends meet in this city? (if we are not going to be raising any taxes/fees)

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Originally posted by Moral Hazard While I don't disagree with you it is worth pointing out that the cripling debt load in the Soviet Bloc was due to their importing of foriegn made goods to satisfy consumer demand and fill the voids for products they could not produce internally coupled with a lack foreign of demand for Soviet made products. This resulted in a trade imbalance, which required the Soviet countries to sell gold reserves and energy in order to obtain the foreign currency needed to purchase foreign goods. Eventually, the imbalance led to a gutting of gold reserves and unsustainable energy exports... ultimately, causing the colapse of their economy. So, it's not really government excess that caused the collaps; rather, it was poor economic planning and infrastructure development that caused the collaps. Just sayin'

And the reason why they couldnt produce goods anybody wanted was that there was no incentive to do so. Why excel at something if your reward is the same as everyone else's? If the government ultimately contorols every facet of your being then why should you give a damn? It was purely a result of communist idealogy. Hence the capitalist goods were of better design and quality. It all goes hand in hand.

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Originally posted by Moral Hazard I agree with you regarding cutting waste, which is why I prefaced my post as I did. I also agree that if the tax were just imposed atop of existing taxes it would have a very detrimental effect (although I think the severity your foresee is greater then I do), which is why I stated that this would have to be accompanied by tax decreases in other areas... essentially, I think that having non-residents that enter Toronto to take advantage of it's amenities chip into the tax base is a good idea IF that additional revenue is also used to (at least partially) reduce the tax burden of the residents and commercial entities.

What i see is the long term effect. The long term effect now is not too pretty if trends continue on as they are are. People just dont realize it.

I dont believe in punishing outsides for conducting business in Toronto. Outsiders use transportation systems, but in turn they do their part by supporting local business and in turn providing jobs and spin off tax revenue to toronto. If outsiders stopped coming to toronto the economy would suffer dramatically. And of course, vice versa. Its easy to think you are the centre of the universe until the day you realize that people can go elsewhere.

If toronto were smart, they would ENCOURAGE more outsiders to do business in toronto thus increasing the value of property and business and thus increasing their tax revenue.

The whole 905 vs 416 debate is such a self centred me first debate that only illustrates the kind of thinking that has gotten us all into this situation in the first place.

One more thing to add... toronto makes pure profit from tourists every time they use municipal parking which is a form of taxation on cars already.

Last edited by Jayx1 on Nov-05-2009 at 20:38

519 SUPREMACY

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Originally posted by VERTiG0 519 SUPREMACY

LOL!!!


well unfortunately the 3rd world is starting to kick all of our asses thanks to our complacency.

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Originally posted by VERTiG0 519 SUPREMACY

lol
yeah right

___________________
Just surrender yourself to the rhythm,
With your hands up in the sky,
Feel the energy deep inside your system
And leave this world behind...

quote:

Originally posted by Jayx1 And the reason why they couldnt produce goods anybody wanted was that there was no incentive to do so.

Not really. The reason they couldn't produce the consumer goods that the people wanted was because their manufacturing base was completely geared toward heavy equipment (vehicles, trains, military machines, etc) when it was set up (you must bear in mind that Russia had very little manufacturing prior to the Soviets... it was a fudel society). When demand for consumer goods started to rise they did not have the foresight or ability to retool their manufacturing accordingly, so they had to import. Remember, the government controled the economy and the factories... they had all the incentive in the world to keep their populace satisfied.

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by VERTiG0 519 SUPREMACY

+1

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quote:

Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

Toronto has to find a way to pay for the Pan-Am Games 2015 somehow....assuming they get the games....the decision will be made today.

Just think...a Pan-Am Tax

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quote:

Scott has been introduced to the rave scene, and Ecstasy, by Craig. The two of them go out on the weekends, with some of Craigs friends, and stay up all night, dancing in a drug-fueled trance.

Last edited by Moral Hazard on Apr-26-2011 at 07:48

quote:

Originally posted by Moral Hazard Not really. The reason they couldn't produce the consumer goods that the people wanted was because their manufacturing base was completely geared toward heavy equipment (vehicles, trains, military machines, etc) when it was set up (you must bear in mind that Russia had very little manufacturing prior to the Soviets... it was a fudel society). When demand for consumer goods started to rise they did not have the foresight or ability to retool their manufacturing accordingly, so they had to import. Remember, the government controled the economy and the factories... they had all the incentive in the world to keep their populace satisfied.

Ahhhh but a free market society would have filled that need. And the factories that produced heavy goods were not efficient which is why they had to focus on those activities. Also, The government filled its needs first. The same can be seen in our own socialist governments. As i said, when there is no incentive to the populace to put in a hard days work, the economy is going to suffer. This is exactly why socialism (everyone gets the same) doesnt work. Human nature is too dynamic for such a one size fits all idea. Also, such concentrated power breeds corruption which also kills efficiency and incentive.