WTF!!!! HST TV commercials.

[onefish]

More trickle down economics at work. Must lower the corporate tax share and have business prosper. Lower corporate tax burden and shift some more on the little guy. Corporations will trickle down the jobs so more little guys can continue to pay. I guess if we just put the corporate rate at zero we would have the most prosperous nation on earth, by far.
Personally I would rather pay more income tax than get nickle and dimed on every fracken thing I buy.
$500 million for the ferry fiasco, (once) 4 FERRY FIASCO'S EACH AND EVERY YEAR for the HST and people are saying what a great deal it is. As the teenagers would say WTF?????
Sorry Millertime, an old guy that I know told me a long time ago to vote for the guy that does you the least harm. I have voted NDP, Liberal, Socred and Conservative. I have seen very little difference between them. They promise to do certain things, and promise not to do certain things but after the election and all the rhetoric is forgotten they go on their merry way for 4 years doing whatever suits them. Now I just assume I will get screwed, some are just better at it than others. The really good ones even smile while you are getting screwed. I think we have a smiley one now in fact.

 

[NautiGirl]

I am not sure why people try to demonize corporations. Most businesses in BC are small businesses. Most small businesses are corporations. Successful small businesses provide local jobs. Successful small businesses grow to become medium then large business, creating more jobs. I have a job and own a retail store that provides some jobs, but I am still waiting for much of a profit. Most small corporations are trying to keep their heads above water.

If HST gets shot down, it will take some time to make new arrangements to reduce the tax and it will cost us. In all likelihood it would only be a few years down the road and some other politician will bring in a different value added tax of some sort. Don't kid yourself. Being afraid of change, or feeling slighted by politicians will likely never change for some, but lower corporate tax and higher consumption taxes is the trend across the planet.

If a large investor group/company/soleproprietor was thinking of running a manufacturing plant/mine/investment that needs materials and creates jobs, but they have a choice between running it here or Alberta, or Washington State, or Brazil for that matter, we must try to be competitive. They look at the numbers including all tax types and costs. If we decide to have a high corporate tax rate and high personal tax rates to protect those afraid of that scary HST, then we will fall to the bottom of the potential location choices when put up against low income tax jurisdictions. End of story.

Would you like us to start that offshore drilling for oil in order to raise the resource revenue and cancel the PST? That's a crappier idea than having HST and low corp tax rates.

 

[danthewire]

Heres something to chew on.
500,000 new house
After rebate 35,000 to be paid.
Interest cost 30 year mortgage @ 4% If rates stay
24,912.57
So that tax "IF" you finance will cost you
59,912.57 over the life of the mortgage.
166.42 per month.

I run a small buisness its killing me NO ONE wants to pay it.
People are pissed.
From a buisness point of view its great, but with no customers guess what, not so great.
Dan.

 

[TheRock]

Unreal.. right after the 1'st period of the Canucks game last night did every one enjoy that HST commercial ! How much money did that cost the tax payers to buy that commercial slot right after the first period! they new every one in B.C would be watching at that moment...!

 

[Islandgirl]

Heres something to chew on.
500,000 new house
After rebate 35,000 to be paid.
Interest cost 30 year mortgage @ 4% If rates stay
24,912.57
So that tax "IF" you finance will cost you
59,912.57 over the life of the mortgage.
166.42 per month.

I run a small buisness its killing me NO ONE wants to pay it.
People are pissed.
From a buisness point of view its great, but with no customers guess what, not so great.
Dan.

We are buiding right now.. the trades people that drop by looking for work ...well about once a week, someone.

They are not new businesses but people that have been in the valley for 20 plus years with a Great reputation.
Everyone has arrived EARLY to do their work....this is NOT a healthy econmy... this province is hurting BIG TIME because of this tax.
I have kitchen cabinet people calling me about the house and he have not even dug a foundation.. trades are hurting BIG TIME.

I have built before and have never seen this, where people are phoning you for work..normally you are trying to chase these people down. Suppliers from as far away as Naniamo are contacing me about work. I had one company 2 days ago send a drywall rep and and insulator rep from Naniamo to quote on the job.. figure the travel time that they ate in trying to get a job!

 

[danthewire]

I hear you Island Girl, I've been in the trades since 72,
This reminds me of 81-82 for anyone that didn't go through that you're lucky.
Its not good and its going to get worse.
I understand that the only way the government can operate is by taxation, user fees or selling assets.
Or by defeciet financing (BAD)
The economy of North America has slowly changed from a manufacturing based economy to a consumer based economy.
This tax is a consumer tax, manufacturing is overseas now.

The money to run things is going to come out of your pocket, out front, sneaky, hidden, whatever you're going to pay.
The only way to pay less is to have less services or what we all want no waste and accountability (Dream on)

So now I said to myself, "F" it well I'll cut back, the people who are at the low end of the scale have no choice but to cut back, less demand less tax revenue, less demand, less jobs.
I can't hire someone and pay them to stand around if no one is buying my services.
So now no more Friday dinner out for the boss and me, no more Sunday morning breakfast out for the boss and myself.
That was our only treat, well that and a guideded fishing trip once a year.
Thats 275 bucks that I no longer spend every month, think about it, thats $3300 a year that a waitress, cook and owner don't get. They in turn have less work, guess what they now pay less taxes. Duh.
My income has dropped by way more than that.
Go watch "The crash course" by Chris Martenson on You Tube its 15-16 chapters.
Go watch the Secret of Oz on You tube.
Or watch the animated cartoon "The American Dream" on You Tube it's short 30 minutes if it hasn't been banned again.....
You'll start to understand then.........
Dan

 

[beemer]

Just took a trip south into Washington and Oregon and I realised pretty quickly that we are in a worldwide recession. Many towns down there look like ghost towns , for sale signs everywhere.

Canada and B.C. have weathered this storm fairing a lot better than other places . It is interesting to note that social democracies , Canada , Australia have gotton along much better that full on capitalist and socialist countries.

 

[onefish]

With our buck at 102.5 and the benefits of the HST I am still waiting for the trickle down price drop. I am pretty sure the trickle got stuck in someones pocket.
As far as the Carbon tax, I pay my own and then I get to pay it again as it gets trickled down to me from above on all the goods I buy.
Funny how goods in the states are still 20-40% cheaper.

 

[beemer]

With our buck at 102.5 and the benefits of the HST I am still waiting for the trickle down price drop. I am pretty sure the trickle got stuck in someones pocket.
As far as the Carbon tax, I pay my own and then I get to pay it again as it gets trickled down to me from above on all the goods I buy.
Funny how goods in the states are still 20-40% cheaper.

There will probably not be a "trickle down" for the hst. Retailers have taken a huge hit in the last few years and need the extra 2% profit to keep their head above water. Small businesses (yes corporations) are the glue that keep this province running , we employ the most people , we collect the taxes on behalf of the government , and we pay the most tax. On this thread you often hear about how "low the corporate tax rate is" etc, people seem to forget that small and large corporations pay property tax at 8 to 10 times the rate of individual homeowners. For example I have a small business that employs 8 people , it is a small retail store in Victoria , last year I paid $26,500.00 in property tax for a 900 square foot store that I rent ! In the 20 years that I have had this store that rate has gone up 10x !

We need to have a serious teardown of where and how are tax dollars are spent . There is so much duplication of service from federal , provincial and municipal it is beyond belief , yet no one seems to be able to do anything!

Sorry for the rant , just did my taxes!

beemer

 

[onefish]

Sorry Beemer, I just checked my last paycheck. 40% gone before I could even see it, 12-14 % gone on every thing I purchase. By my math more than 50% is gone, then all the carbon taxes, city taxes, ICBC, ferry fares, fees, licenses, etc etc etc. My recapture rate on write offs, write downs and other assorted dodges, nil. Enjoy your Beemer and keep my 2%, I will just try to get by with a little less, eat at far fewer restaurants, and when I do shop I will do my best to buy south of the 49th, used, or online. After all its just business : )

 

[beemer]

Sorry Beemer, I just checked my last paycheck. 40% gone before I could even see it, 12-14 % gone on every thing I purchase. By my math more than 50% is gone, then all the carbon taxes, city taxes, ICBC, ferry fares, fees, licenses, etc etc etc. My recapture rate on write offs, write downs and other assorted dodges, nil. Enjoy your Beemer and keep my 2%, I will just try to get by with a little less, eat at far fewer restaurants, and when I do shop I will do my best to buy south of the 49th, used, or online. After all its just business : )

your totally right onefish , unfair taxation is hurting everyone. I cringe when people talk about "writeoffs" for businesses and that people who are doing business somehow have a unfair advantage over other people.If you are doing things according to the CRA you don't. All of those "writeoffs" are taxable benefits if you are doing straight business. After the corporation has paid taxes I have the privilege of paying personal taxes at the same rate as everyone else.

We have 3 different levels of government who have grossly overspent to keep people "happy" (read get re-elected)for the last 30 years. We can either continue with this sheetshow or demand some changes .Governments love to point the finger at the "corporations" for all the problems when the real truth is very simple , basic incompetence , disorganization and gross arrogance on the part of our elected officials.


The 'beemer" is a 1974 r90/6 motorcycle that I have owned and maintained myself for 25 years.

beemer

 

[onefish]

Sorry about the assumption on the Beemer sounds like a sweet ride. In the end it will be interesting to see how the people end up voting on this issue. It will also be interesting to see what the participation rate is. There is no reason that all those people that don't normally vote are not heard on this issue. It can't be any easier than a mail in ballot, can it?

 

[beemer]

Sorry about the assumption on the Beemer sounds like a sweet ride. In the end it will be interesting to see how the people end up voting on this issue. It will also be interesting to see what the participation rate is. There is no reason that all those people that don't normally vote are not heard on this issue. It can't be any easier than a mail in ballot, can it?

not a prob onefish. Thank god we have fishing to keep us sane!

beemer

 

[drad2k4]

These are the days I wish everyone took intro to economics classes. This is good tax policy, you may not be able to explicitly see the benefits, but through competition the tax savings that the companies enjoy will be passed on into the sales price. The liberals just went about introducing this tax the wrong way. It would be extremely disappointing to go back on this tax now for one it is good policy and two the cost to re-start the old system would end up costing us dearly.

 

[yammy5]

Reality 101: nothing is being passed on to the consumer and we are paying more in tax while corps pay less. Sorry to dissapoint ya but ADIOS HST!!!!!!!!