Support the HST now!

[TekDragon]

In response to this thread: http://www.revscene.net/forums/stop-...w-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]

Originally Posted by vmette_

You like taxes?

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

[tiger_handheld]

Originally Posted by falcon

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

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]

Originally Posted by tiger_handheld

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]

Originally Posted by Tapioca

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!

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]

Originally Posted by sulos

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!

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]

Originally Posted by 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.

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!]

Originally Posted by Tapioca

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

bwahahahaha
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]

[Gnomes]

Originally Posted by JesseBlue

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

+1

Well said.

[chinese-boi]

Originally Posted by 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.

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)