Friday, August 20, 2010

HST Increases Inflation Rate

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Two comments of note in the above mentioned stories are that the HST is one of the bigger price 'events' for quite a few years, and economists will be looking to see if the cost savings that will accrue to firms from tax credits will gradually be transmitted to consumers
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Comment: Regardless of what the current governments will try and convince us about this new tax, it is simply taking a tax burden off of the backs of business and putting it squarely onto the consumer. If Gordon and Colin think they can convince us it will have no effect on the average consumer, they are simply showing their utter contempt for the intelligence of the average voter in this province. If we roll over and play dead on this, they will have proven their point. Many business people who stand to gain huge amounts of money in this tax shift are quite confident the average consumer will complain for a month or two, and then just go back to sleep as usual.

allvoices

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