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Metropolitan DC Local Politics
Reply to "Why doesn't Montgomery County rezone Commercial Property to Housing?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Plenty of residential areas that could benefit from more housing also exist. So, why not both?[/quote] Why change residential areas when you do not need to change them? [/quote] Why assume that residential areas should remain unchanged?[/quote] Because I like where I live and don’t want it all jammed full of people? [/quote] "I like where I live" is a personal preference, not a policy reason for forbidding property owners from building duplexes instead of single-household detached houses.[/quote] That logic means, of course, that I can build a skyscraper on my residential property. What an idiot! The end result of this stupid move is that many middle and upper income families will move out of Maryland. They have the money and the options that come with money. And, especially due to COVID, they prefer old fashion residential neighborhoods. MoCo is already losing upper income families. Guess what our economy is based on-consumption. Guess who drives the consumption economy-middle and upper income families. Guess who pays most of the income taxes already. Middle and upper income families pay almost all of the income taxes anyhow. At Federal level, top 1% pays 38.5% of all federal income taxes, top 5% pays 59%, top 10% pays 70%, top 25% pays 86%, and top 50% pays 97%. In sum, it will not take much for MoCo to lose even a small percentage of these taxpayers, and losing even a small percentage will destroy MoCo's tax revenues. MoCo needs these taxpayers to stay. [/quote]
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