this post was submitted on 23 Sep 2024
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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?

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[–] BlameThePeacock@lemmy.ca 11 points 1 month ago* (last edited 1 month 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.

[–] assaultpotato@sh.itjust.works 4 points 1 month ago* (last edited 1 month ago) (1 children)

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.ca -3 points 1 month ago (1 children)

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

[–] CanadianCorhen@lemmy.ca 1 points 1 month ago

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

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

[–] Grant_M@lemmy.ca 4 points 1 month ago (2 children)

Conservatives going full-socialist? There's a catch :)

[–] xmunk@sh.itjust.works 5 points 1 month ago (1 children)

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).

[–] Grant_M@lemmy.ca 1 points 1 month ago

Socialism for the wealthy and nothing for most of us.

[–] uzi@lemmy.ca -2 points 1 month ago (1 children)

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

[–] Grant_M@lemmy.ca 3 points 1 month ago (1 children)

I guess it's only classed as socialism when Liberals do it?