(12-22-2015, 11:51 AM)chutten Wrote: Fewer lower-paying jobs in the Region improved wages per capita. This increases house prices which increases the tax base which increases funding for social programs (like the GRT and LRT and community centres and libraries). This is a good thing.
1) I kind of doubt the unionized Schneider's jobs were "lower-paying".
2) My understanding is that the tax levy is distributed based on relative property value, not on absolute value. So an overall increase or decrease in house prices wouldn't change levies or revenues. See here for an explanation.