BC HOUSING TAXES ARE A CASH COW, NOT A SOLUTION

   But the NDP’s partner in power sharing, Green leader Andrew Weaver, has shed some light on the flawed thinking behind the latest changes in housing taxes.
   He’s branded the package in this year’s NDP budget as less a set of measures to solve the housing crisis than “a cash cow … a way of actually grabbing cash.” He blistered the speculation tax, now partly abandoned, as made up on the fly and having little to do with actual speculation.
    He questioned the fairness of the property tax surcharge: “There are many people, who for no reason other than the fact that they live in a house that’s gone up in value, will now be required to pay a substantive increase in school tax.”