The numerous problems that need to be addressed Part 2 of a 3 part series In this three-part series, I’ve been looking at how governments and unions dip their hands into the pockets of business owners and help themselves to any profits by way of taxes, high labour costs and other forms of revenue. Here, there’s more to it, and I’ll be taking a look at governments in general and their ridiculous costs for everything when it comes to building a development. The topic of government charges was discussed briefly when I talked about the different taxes that state and federal governments lay on us, and also through their pseudo-government departments, which are disguised as little quangos or whatever they are. The fact of the matter is that if you’re in property, and let’s face it, most businesses need to operate out of a property somewhere, then the government will charge you a tax on the value of the property. It’s called land tax. Brilliant idea, isn’t it? You would think so, but I’ll tell you why it isn’t. Hurting the business owners with more tax The price of land tax gets passed on to the business owner who’s operating out of that business, and he just ends up passing it on to his customer (product price hikes). But, if you’re in a business that’s a price taker and not a price maker, then your only option is to reduce your costs. But how? Well, you can’t go to the … Continue reading The numerous problems that need to be addressed (2)