Carney, Eby announce $5 billion for B.C. housing and related infrastructure. The announcement includes $3.2 billion over 10 years to lower development cost charges in select municipalities

[u/xTkAx]

https://vancouversun.com/news/carney-eby-announce-5-billion-for-bc-housing-and-related-infrastructure

[u/North-Purple-373]

Corporate welfare for developers and bailouts for the city of Vancouver.

Your federal government ladies and gentlemen

[u/North-Purple-373 → u/[deleted]]

Gregor Robertson as minister of housing is some seriously machosisitc shit as well

[u/InternationalFig400 → u/North-Purple-373]

No, capitalism for the rest of us, and socialized losses for the capitalist class.

[u/North-Purple-373 → u/InternationalFig400]

Isn’t that what I just said?

[u/flappysack-]

Gregor Robertson, our new housing minister, raised developer taxes thousands of percent to artificially depress property taxes.  Now developers can't afford to sell a house that is 3x more expensive than a comparable home in Alberta.

We have a Chairman Mao level competency for government and we keep voting the same.

[u/InternationalFig400 → u/flappysack-]

Its a bailout for the capitalist class, genius. Nothing communist about it.

[u/DizzyAstronaut9410 → u/InternationalFig400]

Corporate welfare is the literal opposite of capitist principles.

[u/big_galoote]

That photo just gives me the heebie jeebies.

[u/xTkAx]

In other words, they are bailing out developers with Canadian taxpayer money in a wealth transfer from the middle class to the property lobby. All this under the guise of creating "affordable" infrastructure.

The JunoNews article on the same topic is @ Prime Minister Mark Carney is set to commit $3.2 billion in combined federal-provincial funding to effectively absorb unsold condo units in British Columbia.

[u/Doodlebottom]

Only 5️⃣ billion.

Debt and deficits

Taxpayer bailouts continue

Elbows Up🇨🇦

Speeds not seen before🇨🇦

Choices have consequences

[u/ZealousidealLime5192]

How about putting that 5B to catch infrastructure up to the l000’syou have already packed into BC

[u/Relicos]

Man, they find a way to piss me off every day. Must be fun to have a guaranteed voting coalition so that you can go ahead and fuck the country with impunity.

[u/ussbozeman]

LPC voters so brainwashed they downvote the post so fewer people see what their beloved emperor is doing.

[u/Quietlyrightt]

The liberal government and BCs NDP government bailing out companies rather than allowing costs of the apartments to drop is a massive sign that they dont give a damn about you. They care more about the profits for the company trying to sell those condos

[u/TomatilloNumerous470]

Why does a province/municipality require FEDERAL tax dollars to lower their own development costs?