3 ms·
Please read https://www.cnu.org/publicsquare/2021/02/11/how-mixed-use-development-can-raise-tax-base https://www.cnu.org/publicsquare/2021/02/11/how-mixed-use-d
by eesmith 3y ago
Please read https://www.cnu.org/publicsquare/2021/02/11/how-mixed-use-development-can-raise-tax-base https://www.cnu.org/publicsquare/2021/02/11/how-mixed-use-de... again. The emphasis should not be "major tax payers" because that puts the thumb on the balance in favor of big box stores.
It should be on tax revenue per acre, which for Carmel resulted in a 10x improvement over big box stores on greenfield sites, for reasons given in that link.
Your "major tax payers" needs further qualifiers. If the major tax payer is a pharmaceutical manufacturing company, that's far different than if it's a big box store.
Why? The evidence is that Walmart "absorb retail sales from nearby stores without significantly expanding the market." https://journals.sagepub.com/doi/full/10.1177/0891242412457985 https://journals.sagepub.com/doi/full/10.1177/08912424124579...
Lose a Walmart and other stores will make up for it, because the demand is there.
> Not to mention it's illegal: one is still entitled to the protection of law even when not paying any taxes,
Well that's a non sequitur. I don't have a clue what you are talking about. Can you point to a relevant court case?