Happy Canada Day
Well it's here - the HST that is. Nobody knows the impact of this tax except the consumers. they know that some goods not previously taxed will be now. And the taxes are going on the 'category-killers' of the household - utilities and gasoline. We have been told it is for our own good - the economic health of the Province needs it. Premier Dad has been primed with a report from a Professor Jack Mintz, of Calgary that if the amount of money transferred from the business side of the ledger is reinvested into the economy by retooling and keeping the money in all of the enterprises then 600,000 jobs will be created.
So there you have it folks the theory of reinvestment according to Dalton: transfer taxes from the business side to the consumer side and we will all be rich.
But here's the catch and where the BurdReport parts from the othodoxy. In order to see the theory turn into practise a couple of things have to happen: people have to be hired and prices have to go down. Because if those two things don't happen then we believe that business people, always out for a buck, will be pocketing the rebates produced by the 'input credits' and only they will have more money.
Perhaps i am being too cynical but when I see the Fraser institute and Buzz Hargrove lining up on the same side something is smelly.
So there you have it folks the theory of reinvestment according to Dalton: transfer taxes from the business side to the consumer side and we will all be rich.
But here's the catch and where the BurdReport parts from the othodoxy. In order to see the theory turn into practise a couple of things have to happen: people have to be hired and prices have to go down. Because if those two things don't happen then we believe that business people, always out for a buck, will be pocketing the rebates produced by the 'input credits' and only they will have more money.
Perhaps i am being too cynical but when I see the Fraser institute and Buzz Hargrove lining up on the same side something is smelly.
3 comments:
Well, the GST and PST have been harmonized in all the provinces east of Ontario for a few years now. So have prices there gone down, jobs galore been created etc as Government propoaganda claims will happen here? Surely some kind of hard data exists on this.
"...people have to be hired and prices have to go down..."
Yeah. And Dorothy has to get back to Kansas, Tiny Tim has to cast off his crutch and the entire Catholic Church has to suddenly go straight.
What breath I have left is barely worth holding as it is. I sure as hell ain't going to hold it 'till THIS fairy tale comes true.
the more services we demand, the bigger the bill gets. Plain and simple. We can dish it out ourselves or we can put it in the pot and buy it as a group. Either way, it's gonna cost us, for everything, forever. That's just how it will always be. Trouble is, if we are left to our own devices, we'll never have it in our pocket when we need it because we've spent it on the newest phone or TV screen. Then, when the doctor 'comes calling' we can't pay. But that's what some see as freedom! Our society is built on helping each other and that means we pay more for everything to cover those that can't. As usual. the biggest complainers don't get any of that. They just can't see past their own shadow.
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