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The proposed government policy to cap the tax take from property construction projects at a time when property values are rising countrywide at a rate far exceeding inflation is misguided and truly alarming.
Have they learned nothing.
Such a policy is pro-cyclical and would fuel property prices and promote a new property bubble.
They should instead maintain the property tax rates and either bank the take for a rainy day or use it now to pay off more of our economically, socially and environmentally destructive national debt.
Kevin T Finn
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