164
Investors own 23.7 per cent of Ontario homes, report says
(www.theglobeandmail.com)
A place to discuss all the news and events taking place in the province of Ontario, Canada.
Rules
Yeah, I think I'm misunderstanding something in your initial statement.
My goal here is to take the profit motive out of buying and renting out residential homes. You keep adding taxes to the thing that you don't want. For example:
Cigarettes are killing people and costing billions in unnecessary health costs? Add a tax to help offset the damage that smoking causes, and provide a deterrent to continuing to smoke, and adding an incentive to stop -- it also provides funding for anti-smoking campaigns, and can subsidize programs to help people quit.
Burning gasoline and diesel are polluting the air, causing smog, and larger vehicles like SUVs are beating the shit out of roads, and hospitalizing people with lung issues? Add a tax to make it more expensive to pollute, incentivize driving less and buying smaller cars, and cover the cost of road maintenance. People who drive more pay more tax, people who drive less save more money.
Okay. I reread the thread and understand now.