In addition not only is the population of British Columbia and Canada aging, the birth rate is low. There are many factors contributing to this tread. Faced with a high cost of living and limited access to affordable multi-bedroom homes near transit, many people like myself have delayed having a family and will probably only have one child.
High cost of living also results in a higher supply chain cost, where labour is significant portion of this supply chain cost. A lower cost of living will reduce the burden of the aging population and make investment in British Columbia more attractive.
The cost of living is primarily housing, transportation and food. To reduce these cost it is important to build efficient cities which are not sprawling over a large area. Sprawling cities are the often the result of insufficient and inefficient redevelopment. Sprawling cities have very high personal transportation cost and semi-ironically very high housing cost when living within a reasonable commuting
distance/time. It is very important that expensive urban transit is not under utilized. In order to utilize urban transit it is important that the area around transit stations, which may be train/subway stations or bus terminals is redevelopment in a timely manner. Property value taxes do not accurately reflect the social value of land. High value land enjoying access to social transit services are
under valued. As a result people sit on this land preventing redevelopment. Traditionally property owners near transit stations hold on to their land in order to capture the increased land value which results from being near a transit station. The traditional practice slows redevelopment near transit, and result in a slower
property value appreciation which does not reflect the much high land value. Many more people would have an opportunity to enjoy access to transit if land near transit stations was more effectively redeveloped.
Near transit stations land value not property value should be taxed. Land near transit stations have an increase economic value of economical efficient transportation and should be taxed according. Land near a transit station has access a much higher transportation density. Height restrictions near transit are senseless. Green space regulations however do make sense.
For example land within walking distance to transit station should be taxed at assumed building hight of 10 stories. Of course public green space within this vivacity should not be taxed because of is significant social value to the community.
As the land value tax is phased in over a reasonable time frame of 5yrs, many land owners will redevelop the land as higher density. However not all transit stations are equally attractive for redevelopment. Taking this into consideration an urban development corporation should be formed to purchase property near transit
stations at the present market value + market real estate appreciated value. Failing this many land owners of low density property near transit stations would not have an opportunity to sell their property before incurring a significantly higher tax charge. And they would be rightly hostile and against converting from a property value tax to a land value tax. The land acquired by the urban development corporation
can be build into high density property.
To increase availability of multi-bedroom homes near transit, I believe it is a good idea for the urban development corporation to build much of the high density property with finished exteriors and unfinished interiors. Many stores and office buildings are already built this way. The unfinished interiors will allow first time home owners to buy a larger home and as a result start a family sooner. Young people are a very mobile work force and will often change jobs in order to advance their career. The transit access will enable many of them a ability to change jobs without needing to relocate themselves. With less disruption of their social network and access to schools there should be less pressure to delay having a family.
Saturday, October 25, 2008
Monday, April 21, 2008
Fair and Free Canadian Elections
We have a responsibility to hold those who violate free and fair elections accountable.
Remaining in power those who violated a fair and free election will seek to influence opinion, and may succeed in decriminalize or otherwise avoiding justice due.
This means ALL PARTIES must vote their non-confidence of the government at the next voting opportunity. This non-confidence of the government must be shown regardless of a party's desire for the particular vote at hand. Efforts to ensure election freedom and fairness must over rule all other concerns. As Loyal Opposition Parties you hold the responsibility to vote your non-confidence, before those violating a free and fair election is able to intimidate investigators.
As a professional I took an oath of service. In a similar light I believe every elected member of government took a similar if not greater oath of service. When faced with difficulty I remember my oaths and stand up.
Remaining in power those who violated a fair and free election will seek to influence opinion, and may succeed in decriminalize or otherwise avoiding justice due.
This means ALL PARTIES must vote their non-confidence of the government at the next voting opportunity. This non-confidence of the government must be shown regardless of a party's desire for the particular vote at hand. Efforts to ensure election freedom and fairness must over rule all other concerns. As Loyal Opposition Parties you hold the responsibility to vote your non-confidence, before those violating a free and fair election is able to intimidate investigators.
As a professional I took an oath of service. In a similar light I believe every elected member of government took a similar if not greater oath of service. When faced with difficulty I remember my oaths and stand up.
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