This weeks column for 24hrs Vancouver: Transit tax’No’ vote sensible
This week’s topic: Is the Canadian Taxpayers Federation’s argument to vote no in the transit referendum persuasive?
My duel partner begins with a great idiom this week, sage advice that warns against passing over something workable, in the quest for something perfect.
However, when it comes to the proposed transit tax, the No Translink Tax team has done well to date showing why Metro Vancouver residents should avoid “throwing good money after bad” – the mayors’ proposal is far from perfect. I don’t completely agree with the solution the no campaign has outlined, but I do think they’ve done an excellent job of addressing the elephant in the room the yes side wants you to ignore.
TransLink is the organization that will be making the decisions and expenditures with the funds received from the proposed transit tax. The only foolhardy move is to pretend that its record of accountability and transparency shouldn’t be under examination when it comes to the administration of taxpayers’ money.
Much like political campaigns leading up to an election, the No TransLink Tax team has been releasing examples of TransLink waste and questionable spending bit by bit for impact. Helping their argument is that there is no shortage of examples, but even more alarming is the questionable management decisions that lead to that waste.
Read Brent Stafford’s columnhere:
In many cases, the money spent can’t be recovered – economists refer to this as a sunk cost. It’s money that’s gone for good. Poodle on a pole? Paying rent on empty buildings you sold at a loss? Those costs are not recoverable. A savvy businessperson knows the amount of sunk costs should never dictate decisions on future investment, but sadly, government and Crown corporations often get caught up in what is referred to as a sunk cost fallacy…
READ the rest of this weeks Duel, comment and vote now at: http://vancouver.24hrs.ca/2015/01/25/the-duel-transit-tax-no-vote-sensible