Rustad announced they will start with a $1500/month tax rebate for rent and mortgage, increasing each year by $500/mnth to eventually max out to $3000 per month month tax rebate on rent and mortgage.

What kind of a tax refund is NDP promising on rent and mortgage so people with jobs keep more of their own money?

  • BlameThePeacock@lemmy.caEnglish
    9·
    2 months ago

    You think you get to keep that money? Lol

    A) Landlords will raise rents because they can, house prices will rise because banks will factor the newly available money into the amount you can afford to buy with.

    B) The taxes the government gives up need to be collected elsewhere, or services will need to be slashed dramatically.

  • assaultpotatoEnglish
    4·
    2 months ago

    Your link is wrong, it points to a piece on safe injection sites.

    But about your text: they’re so desperate to prop up real estate values that they’ll run the budget into the ground with “government handouts” lol

    • uzi@lemmy.caOPEnglish
      14·
      2 months ago

      It always makes for a strong economy when the citizens have all of the money and the government is broke.

      • CanadianCorhen@lemmy.caEnglish
        1·
        2 months ago

        That … Sounds like a horrible economy, with a bubble on top of it.

        Nope, pass, 0/10, do not want to live there.

    • xmunkEnglish
      5·
      2 months ago

      This isn’t a socialist policy - in effect it just transfers wealth from the province’s coffers to current land owners (who benefit from the payout a lot less than renters would).

    • uzi@lemmy.caOPEnglish
      13·
      2 months ago

      How is refunding people’s money to return their own cash classed as socialism?