Thursday, August 27, 2009

Disharmony in Lotus Land

Among the many broken promises of the B.C. Liberal government was the surprise sales tax harmonization announcement. While harmonization may bring greater investment and more high paying jobs to the province in the long run, the short run reality is that hard-pressed families will be paying more for many goods and services, and the timing couldn't be worse. Harmonization should only proceed if families pay less in total tax.

Citizens are outraged about harmonization, and rightly so. During the recent provincial election, the B.C. Liberals said they would not harmonize the sales tax. This seems to be yet another snap decision made, like the carbon tax, with no consultation by a paternalistic government. This sudden and unexpected turnaround is a slap in the face to all British Columbians.

Families must get a break, as the cost of goods formerly free of PST will go up by 7%. The best option would be a cut to personal income taxes. Reducing the burden of income taxes for all British Columbians could be best achieved by increasing the basic personal income tax exemption. There is plenty of room for the government to leave more money in the pockets of taxpaying families, increase the incentive to work, save and invest, and lower the impact of the HST.

Although the HST may have some positives in the long run, the arrogance of the tax change coupled with higher taxes for consumers make it mandatory for the government cut other taxes. This will get government out of our pockets, and allow hard working families to spend their own income in a way that best serves their needs. Moreover, it should be the only way British Columbians should accept the HST.

3 comments:

sleeplessintexas34 said...

http://www.youtube.com/watch?v=atiLnxSKmec
HST with Cheese

John Travolta and Samuel Jackson discuss the HST - very funny

sleeplessintexas34 said...

http://www.youtube.com/watch?v=FBmL3bKbU2E

COMEDY - A Parody of Star Wars - with young Luke Bookkeeper- Episode IV - A New Tax. Luke and Obiwan discuss the HST. What if Luke Skywalker was an accountant?
Starring Irvin Leroux - The founder of the Taxfiles (www.thetaxfiles.ca) please visit Irvin at www.lerouxed.com

sleeplessintexas34 said...

CREEPY HST VIDEO
HST With CHeese - Video Response
HST WITH CHEESE VIDEO RESPONSE mouse trap fail
WARNING VIDEO CONTAINS IMAGES OF A GRAPHIC NATURE. IF YOU DO NOT WANT TO SEE BLOOD OR GORE. DO NOT WATCH THIS. A VIOLENT, SCAREY RESPONSE TO HST ...

http://www.youtube.com/watch?v=0QseiGxp1p8

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