[TekDragon]

In response to this thread: http://www.revscene.net/forums/stop-hst-now-t585919.html

All I ask is for you to do nothing but to continue being awesome!

[BNR32_Coupe]

everyone who thinks the HST is BS needs to go and

[Drift_Monkey]

LOL... this thread leads to STOP the HST Now !!!! hahah

[you!]

gtfo!

[skyxx]

I'm for the HST. :)

[vmette_]

You like taxes?

[skyxx]

^ Sure why not?

[you!]

ffff uuuuuuuuuuuuuu

[falcon]

You like taxes?

maybe do a bit of reading and see how it is going to impact our economy in a majorly positive way.. ;):thumbsup:

[tiger_handheld]

maybe do a bit of reading and see how it is going to impact our economy in a majorly positive way.. ;):thumbsup:

since you seem to have done the research - why don't you elaborate on the positive economic impact. I'm all eyes and ears.

[Tapioca]

since you seem to have done the research - why don't you elaborate on the positive economic impact. I'm all eyes and ears.

Currently, businesses have to pay PST on goods and services (i.e. capital) they purchase and then claim a refund when tax time comes around. With the HST, the tax burden gets shifted to the consumer as businesses no longer have to pay the PST on capital. The savings reaped theoretically allow businesses to invest more in capital which sorta translates into increased productivity and potentially more jobs.

Personally, I'm skeptical about the actual benefits. However, I reluctantly support this tax because the provincial government is running a large deficit and it needs as much revenue as it can get. Like I've mentioned before, if you can't afford another $7 on a meal at West (or wherever else that kids eat these days), then you need to stop pretending you're a shot-caller.

[Qmx323]

Why not, as if the government doesnt suck out my paycheque enough.

[sulos]

Currently, businesses have to pay PST on goods and services (i.e. capital) they purchase and then claim a refund when tax time comes around. With the HST, the tax burden gets shifted to the consumer as businesses no longer have to pay the PST on capital. The savings reaped theoretically allow businesses to invest more in capital which sorta translates into increased productivity and potentially more jobs.

Personally, I'm skeptical about the actual benefits. However, I reluctantly support this tax because the provincial government is running a large deficit and it needs as much revenue as it can get. Like I've mentioned before, if you can't afford another $7 on a meal at West (or wherever else that kids eat these days), then you need to stop pretending you're a shot-caller.

of course shifting it to the consumer and adding more taxes on other products THAT WEREN'T TAXED BEFORE will make people want to buy more! :facepalm:

Remember the fast ferries? Just because the government says something is good for the economy doesn't mean that it is. That is another 7% on homes that qualify for HST.

[Tapioca]

of course shifting it to the consumer and adding more taxes on other products THAT WEREN'T TAXED BEFORE will make people want to buy more! :facepalm:

Remember the fast ferries? Just because the government says something is good for the economy doesn't mean that it is. That is another 7% on homes that qualify for HST.

The 7% on homes is only for NEW homes - not used ones. The majority of homes sold on the market are used, not new. I can understand your anger if you're in the construction business, or you're a Rennie lapdog.

Most consumer goods are already taxed at 12%. Is another 7% going to deter people from renewing a gym membership, going out to eat, or getting a pedicure? Perhaps a minority on the fringe will cut back, but the majority of people will grumble and pay the extra $3.50 on a $50 meal. The government knows this and it's an easy way to generate more revenue when we badly need it. If the effects of the HST on the hospitality industry are as colossal as the doomsayers would have you believe, then restaurants will have to lower their prices and/or offer better service - not bad things if you ask me.

[chinese-boi]

With the government taxing the households more, their disposal income becomes less, which equals to less spending and in a time of recession we need more spending. That 7% extra adds up quickly and for those families living on a tight disposal income as is, it might be disastrous.

[Tapioca]

With the government taxing the households more, their disposal income becomes less, which equals to less spending and in a time of recession we need more spending. That 7% extra adds up quickly and for those families living on a tight disposal income as is, it might be disastrous.

Low-income families (<20K/year) will receive a $230 cheque annually to offset the HST. Groceries and children's clothing will remain exempt. I'm generalizing here, but I doubt that low-income families spend much of their disposal incomes on luxuries like gym memberships, premium hair cuts, and weekly dinners. More info is available here: http://www.gov.bc.ca/hst/

[taylor192]

You are all missing the true benefit of this tax: less government.

One tax means one office administering it, not both a provincial and federal organization. Less government employees playing solitaire is A-OK in my books.

Ideally the HST should equal one or both of:
- decreased prices as companies pass the tax savings along
- increased employment as companies use the tax savings for investment

Yet more likely the companies will use it to pad their bottom lines in the recession, since their profit margins have probably already been hurt.

[you!]

Low-income families (<20K/year) will receive a $230 cheque annually to offset the HST. [/url]

bwahahahaha :haha::haha:
ohh look at me, i get free $230 from the gov once a year while everything else i need to buy everyday just got more expensive

this thread is FAIL!

[JesseBlue]

i'm in it for myself and not companies...f u hst...for now...

[Vansterdam]

:gtfo:

[Gnomes]

i'm in it for myself and not companies...f u hst...for now...

+1

Well said.

[chinese-boi]

You are all missing the true benefit of this tax: less government.

One tax means one office administering it, not both a provincial and federal organization. Less government employees playing solitaire is A-OK in my books.



That would lead to an increase in unemployment = more unemployed applying for employment insurance. Although both the Government and Businesses will incurr saving through the HST, household (which should be in the governments best interest) will benefit the least if anything. Harmonizing both taxes is just a stunt for the government to increase taxes in a recession trying to cause less of an out roar since both taxes already exist. Its going to be that much harder for the middle class to purchase a car or a house with the HST.

[ImportPsycho]

pay two tax on privately buying used car too?

[B-DiZzLe]

seriously? Why support being taxed more than we already are? You really think I'm going to eat out when they're going to tax me 12%? What logic is, "We'll tax more then more people will shop/buy/eat out." The only way I would support HST is if they lowered income tax but we all know it's not going to happen this lifetime.


soooo.... FUCK HST!

[StylinRed]

the only businesses this will help are big business like the Bestbuy/Futureshop, Superstores, BCHydros, Shaw, Rogers because people will inevitably go to them regardless of the taxes

but people will avoid the small businesses, mom n pop shops

the big corporations will be able to hold out through the initial downturn in people not spending while the small shops won't be able to sustain themselves and close down.

if the duration of consumers not spending lasts longer Big Business will just let those extra employees go and hold out longer until people start spending again (which is inevitable)

[misteranswer]

pay two tax on privately buying used car too?

This shouldn't be the case as the HST will be a Value Added Tax. It's suppose to be applied to the same goods GST applies to.

[CorneringArtist]

seriously? Why support being taxed more than we already are? You really think I'm going to eat out when they're going to tax me 12%? What logic is, "We'll tax more then more people will shop/buy/eat out." The only way I would support HST is if they lowered income tax but we all know it's not going to happen this lifetime.


soooo.... FUCK HST!

Either lower income tax or lower the HST to like 10% or a bit lower. 2% isn't much, but it should be more tolerable

[ilvtofu]

HST isn't so bad, most of the things i pay for are double taxed neways quit complaining, and since theres a benefit when it goes through the business cycle for our economy, we might as well have it, But lowering it to 10% would be nice because it'd be cheaper and easier to calculate :thumbsup:

[kungpow]

Support the HST? So you are okay with paying 12% on beer?

[Mugen EvOlutioN]

HST = FUKING GAY

[falcon]

i'm in it for myself and not companies...f u hst...for now...

and that right there is one of the reasons we are in a recession. less spending going on.... more hoarding.

how do you think this economy runs? from the money sitting under your pillow? It's buisnuess out there that need the help right now. It's worth it for one or two less dinners out a week for me and cutting back on special purchases to make sure I have a better future. Long term HST will help, I can't help those who are too young, selfish and ignorant to realize it.

Everything has already been explained in this thread and proven to be true through other provinces that already have HST. Nothing more to say really....

[kungpow]

and that right there is one of the reasons we are in a recession. less spending going on.... more hoarding.

how do you think this economy runs? from the money sitting under your pillow? It's buisnuess out there that need the help right now. It's worth it for one or two less dinners out a week for me and cutting back on special purchases to make sure I have a better future. Long term HST will help, I can't help those who are too young, selfish and ignorant to realize it.

Everything has already been explained in this thread and proven to be true through other provinces that already have HST. Nothing more to say really....

Yeah..money in the pocket for the CEOs. Why can't the CEOs just make less money and screw the bonuses thus no HST. Look at ICBC and their insane bonuses.

[skholla]

im starting to understand some of the "pros" of the new HST but at the end of the day all i can say is fukk HST !!!!

i work too damn hard and pay enough taxes as it is, everything that i do i get slammed with another tax or fee, i pay hidden translink fees and i dont even use their system, the government is bleeding us dry and running the province deeper in debt.... at the current rate i dont think BC will ever be debt free and i only foresee more and more taxes, fees and tariffs like the HST and other trumped up bullshit... thinking back to my old history books, werent taxes supposed to be a temporary thing, what happened?

the only decent part i see about HST is that it is lower than VAT in the UK, currently VAT is 15% and is increasing to 17.5% next year, ouch!!!

[impactX]

If the government isn't getting more revenue by introducing the HST, why would they do it? ;)

[skyxx]

^Property Tax

[goo3]

If the government isn't getting more revenue by introducing the HST, why would they do it? ;)

Nobody mentioned Ottawa's giving the BC govt $1.6 Billion just to switch over.

Don't we pay the second lowest income taxes in the country or something? HST is an annoyance, but it's not gonna change my life.

[StylinRed]

Don't we pay the second lowest income taxes in the country or something? HST is an annoyance, but it's not gonna change my life.

http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

[Alphamale]

Is everyone that is against the HST absolutely myopic?

[Gnomes]

and that right there is one of the reasons we are in a recession. less spending going on.... more hoarding.

how do you think this economy runs? from the money sitting under your pillow? It's buisnuess out there that need the help right now. It's worth it for one or two less dinners out a week for me and cutting back on special purchases to make sure I have a better future. Long term HST will help, I can't help those who are too young, selfish and ignorant to realize it.

Everything has already been explained in this thread and proven to be true through other provinces that already have HST. Nothing more to say really....

Isnt the reason why we have recession this time around is because people overspent and drowned themselves in debt?


http://www.vimeo.com/3261363?pg=embed&sec=&hd=1

[Gnomes]

Is everyone that is against the HST absolutely myopic?

No HST = Today's solution is tomorrow's problem
HST = If I can make it to tomorrow

[you!]

seriously guys, this thread is bs, just go back to my thread and say FUCK the hst

[Tapioca]

the only businesses this will help are big business like the Bestbuy/Futureshop, Superstores, BCHydros, Shaw, Rogers because people will inevitably go to them regardless of the taxes

but people will avoid the small businesses, mom n pop shops



When I purchase something from Futureshop, I already pay 12%. When I purchase something from Rogers, I already pay 12%. When I purchase a new power supply from NCIX, I already pay 12%. Notice something here? I already pay 12% on most consumer goods.

Here's a scenario: A small coffee shop that serves sandwiches and drinks.
- I purchase a sandwich and coffee today: $8.95 + 5% GST = $9.40
- I purchase the same thing next August: $8.95 + 12% HST = $10.02

That's a difference of $0.62. If I visit this shop four times a week, the cumulative effect of that is $2.48. Chump change if you ask me.

Support the HST? So you are okay with paying 12% on beer?

Beer is already taxed at 15% (GST + 10%.) When you visit BC Liquor, the taxes are already embedded in the prices. In fact, with the HST, the provincial alcohol tax is set to go down.

Its going to be that much harder for the middle class to purchase a car or a house with the HST.

You only pay the HST on newly-constructed homes. How often does a family buy a brand new home? Maybe once in a lifetime? As far I can tell, the middle class in the Lower Mainland is doing pretty well, judging from all of the leased BMWs, Mercedes, Lexuses I see around town. And even if you have to pay the HST on a used car purchase, most people already grossly underdeclare the purchase price of their vehicles when they register them with ICBC, so this is perhaps a way for the government to get some of that lost revenue back.

And to those people who complain about taxes, well who's going to pay for the roads, the health care system, schools, CPP administration, etc., etc. that everyone will use at some point in their lives?

[misteranswer]

If the government isn't getting more revenue by introducing the HST, why would they do it? ;)

Because the HST is a more fair tax than a pure sales tax, where some finals goods end up being taxed multiple times because their intermediates are also taxed.

[taylor192]

That would lead to an increase in unemployment = more unemployed applying for employment insurance.
Don't be a drama queen. The government doesn't need to employ everyone.

Although both the Government and Businesses will incurr saving through the HST, household (which should be in the governments best interest) will benefit the least if anything. Harmonizing both taxes is just a stunt for the government to increase taxes in a recession trying to cause less of an out roar since both taxes already exist.
Tax revenue decreased in every other province to enact the HST. Please do your homework first, they are not raising more revenue other than the $1.5B bribe from Ottawa.

Its going to be that much harder for the middle class to purchase a car or a house with the HST.
Yes it will if the builders do not pass on the savings.

Or it won't cause if houses won't sell cause they cost more... well guess what? the market sets the prices, if people won't pay, prices will come down.

[skyxx]

Tapioca and Taylor you guys don't have to debate anymore. They just don't get it. :/

[taylor192]

Tapioca and Taylor you guys don't have to debate anymore. They just don't get it. :/
I know :(

These are the same people that hate government wasting tax dollars, yet the government is showing some initiative to reduce government bureaucracy, administration and overhead and people still complain. :rolleyes:

[skyxx]

^ You can't satisfy everyone and everything. That's just how things are. Oh and one more thing, Alcohol will be cheaper and same with Hotels. since Beer's PST is 10% so once the HST is in effect that will be reduced by 3 percent!

Come on guys it's not that bad!

[K3604]

fukkkkkkkk hst ! @@:
i'd rather be saving my money, then losing more because of hst..

[Gnomes]

If people want to stimulate the economy and pay more tax, feel free to do so at your own expense. Leave the rest of us out of it.

[JesseBlue]

sooner or later you'll hear that the government peeps will need a raise because the cost of living has gone up...i work hard and haven't had a raise in three years yet everything has gone up...sure its pennies for someone but when you add it all up its still significant...i say do something to benefit an individual since i haven't heard anything being done to that extent...like someone mentioned...the ceos will be laughing this one off and at the same time they'll be asking for another bonus for all the income they're bringing in...

last i mentioned i'm in it for myself doesn't me just me per se but i want it to benefit my neighborhood too...where is my skytrain? oh yah...for some reason they brought it to a city with less people than where i live...dont get me wrong since i'm happy for richmond getting it...but i want more stations in surrey since i live here and i work here...

[misteranswer]

sooner or later you'll hear that the government peeps will need a raise because the cost of living has gone up...i work hard and haven't had a raise in three years yet everything has gone up...sure its pennies for someone but when you add it all up its still significant...i say do something to benefit an individual since i haven't heard anything being done to that extent...like someone mentioned...the ceos will be laughing this one off and at the same time they'll be asking for another bonus for all the income they're bringing in...

last i mentioned i'm in it for myself doesn't me just me per se but i want it to benefit my neighborhood too...where is my skytrain? oh yah...for some reason they brought it to a city with less people than where i live...dont get me wrong since i'm happy for richmond getting it...but i want more stations in surrey since i live here and i work here...

1) Maybe your employer feels you don't deserve a raise. You've become less productive. Or try asking for one.

2) The chances of a policy change benefiting everyone is pretty low.

3) You're saying this as if there are no plans at all to expand the Expo line. Richmond may have less people, but it's more dense and the Canada Line goes into Richmond as much as the Expo Line goes into Surrey.

[ilvtofu]

I think when HST comes into play, some establishments will start going HST ADJUSTED PRICING!!! and try to lure in customers, But IMO most will charge the same and will just pocket more profit...

[goo3]

Tapioca and Taylor you guys don't have to debate anymore. They just don't get it. :/

Economics isn't intuitive.

Yes, the market sets the price, but a lot of ppl don't know that. There's a lot of noise in the media from politicians, lobby groups, etc.. and that's where everyday ppl get informed about this stuff. Of course, most of it is garbage..