LETTER: Co-op housing cuts point to bigger economic problems

It’s clear why the feds can’t afford housing subsidies and the province can’t afford decent education – It’s called wealth creation

Re: Co-op housing residents fear federal cash crunch (News, July 16)

It’s disappointing, but probably expected, that federal support for co-operative housing will be withdrawn.  There’s the usual refrain: to balance the budget there must be program cuts.

If cuts to the co-op subsidy force tenants into homelessness, that’s a cost to municipalities and provinces, but it’s off the federal books.

The province plays the same refrain, for example: we can’t meet court-ordered improvements to public education and still balance the budget. Why not? The answer is that we cannot fairly tax corporations and high income individuals. Again, why not?  The answer (famously in the last provincial election) is “wealth creation.”

But “creation” is really transfer. as 99.9 per cent of us must pay in many ways to transfer wealth to 0.1 per cent of people.

Why? Because it costs a lot to maintain offshore tax havens while looking after private tropical islands.

So it’s clear why the feds can’t afford housing subsidies and the province can’t afford decent education.

It’s called wealth creation.

Greg Holloway

Saanich

 

Just Posted

Saanich councillor slams McKenzie Interchange Project

Coun. Judy Brownoff said the project will only create more greenhouses gases and traffic

Oak Bay father charged with double murder takes the stand

Andrew Berry pleaded not guilty to the December 2017 deaths of his two daughters

Victoria contractors file civil claims for work on Sooke Tim Hortons, Petro Canada

Contractors file civil suits against Petromaxx, T’Sou-ke First Nation

Both suspects arrested from Oak Bay armed robbery

Perpetrators allegedly used a firearm to rob Oak Bay Avenue resident

VIDEO: Title of 25th Bond movie is ‘No Time to Die’

The film is set to be released in April 2020

Greater Victoria wanted list for the week of Aug. 23

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Should there be a ban on gas-powered leaf blowers?

We’ve all heard them, and most likely cursed them under our breath.… Continue reading

‘Unsubstantiated’ bomb threat against CP Rail in Revelstoke

On Aug. 18, a bomb threat was made against CP Rail in Revelstoke

Coroner’s inquest into fatal police shooting in Port Hardy begins in Campbell River

James Reginald Butters, 24, killed in 2015 after RCMP responded to call of male uttering threats

New ‘Matrix’ film set with Keanu Reeves and Lana Wachowski

Fourth installment to feature Reeves as Neo and Carrie-Anne Moss as Trinity

Catholic church buys $7.5M equestrian facility in B.C., plans ‘agri-retreat’ centre

Church hopes to grow crops, host students and others on Bradner property

New regulations require training for B.C. addiction recovery homes

Inspections, standards replace ‘wild west,’ Judy Darcy says

Trans Mountain gives contractors 30 days to get workers, supplies ready for pipeline

Crown corporation believes the expansion project could be in service by mid-2022

Most Read