I cannot stay silent any longer on this subject because I am sick and tired of listening to business people complain about how they are unduly singled out with higher taxes and other parasitic encumbrances to their bottom-line, and that they should be given tax breaks. In traditional fashion, you have the Right-wing saying that all businesses must be taxed in order to stay competitive, while on the Left-wing side, they say businesses must pay more in taxes because they make the lion’s share of the profits. Oh Boo-Hoo. I am tired of everyone from property owners to business people saying that everyone else except them should shoulder the taxes burden. I just heard a small business owner say that all taxes should be dumped on the consumer and property owners while they focus on enjoying their profits and employing more works. Oh-no, I say pooh to that, everyone pays their share—period, especially those who make huge profits in my city!
Ok, we have this issue of gentrification, and it is prevalent in the Lower Mainland of British Columbia. Gentrification is where you have a depressed area, become affluent and prosperous as a higher class of the socioeconomic population moves in as their boundary spreads outwards. When you have an area where everyone wants to live, that area goes through a cycle of inflation as property prices and costs rise. So too for businesses, as they enjoy rise in the boon of consumers. Nothing is free, as all must pay to enjoy the benefits of this. It boils down to choice. People move to the cities, like Vancouver, because they want to enjoy its weather climate, and the bounty of employment. Businesses do this along the same lines of reasoning too. But sooner or later, inflation creeps in, and so too do taxes. Remember, you have a choice to stay or leave—simple.
The majority of Canadian’s taxes are paid through taxing their income. This concept of paying taxes on the amount of money you make, goes back to the Second World War in Canada, and is one that many have no choice in the matter. You earn a pay cheque, you employer is obligated, in most cases, to collect that money on behalf of the Government. But the bulk of Income Tax goes to both the Federal and Provincial Governments, leaving the Municipalities left to eke out their sources of revue in other ways. So municipalities share the proceeds on mostly businesses and property taxes that they tax directly. I am probably over simplifying the tax laws here, as there are hundreds of different forms of taxation in Canada, but this is a thumbnail sketch of where and who gets what. So as a community grows, in its population and services, so too does its operational costs and development.
The idea of fairness is simple: all of us, who choose to work and live in an area that is going through gentrification, must pay their fair share, no matter who you are. If you are a home owner, then yes, you pay your taxes. As businesses who want to set up in this area as well, they must pay their fair share in taxes too, as they enjoy the prosperity and volume of consumers moving through their doors. Usually it’s the business owner who argues that the market economy should run the world; then let it be so, as the market place becomes over saturated, and the population shifts, then businesses should make a choice. If they have to raise their prices for their wares, then so be it, but to stay competitive by paying less in taxes is not fair—then you need to adjust your profits.
Bottom line, everyone pays their fair share in taxes. No one should be exempt, or reduced, from their fair share in taxes within the population. If you come here to make a profit, then you come here to pay your taxes to enjoy all the benefits that come with living here.