msj Posted November 28, 2010 Report Posted November 28, 2010 (edited) They also say the HST is a much better tax than the PST but that is not helping BC Liberals. The trouble is most people are hypocrites when it comes to taxes. They want services but they expect other people to pay the taxes for them. The GST/HST remind them every time they buy something that they are the ones who have to pay so they oppose that reminder. I agree. But it comes down to the best mix of taxation. I'd rather a GST/HST being 2% points higher and have my income taxes lower. This would be better, fiscally, than what we have now. The CPC prefer the other way, hence, my dislike for their fiscal policies. People go back to Asia for job opportunities. A Chinese immigrant with years experience running large enterprises in HK has no chance of landing a similar job in Canada unless they start their own business. Similar barriers exist for almost every category of professional. Canada has a real problem dealing with highly educated professional immigrants from non-Englishing speaking countries. I agree. Edited November 29, 2010 by msj Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
Saipan Posted November 29, 2010 Report Posted November 29, 2010 I'd rather a GST/HST being 2% points higher and have my income taxes lower. Poor people pay low or no income tax, BUT they still have to shop and get penalized. Quote
Shady Posted November 29, 2010 Report Posted November 29, 2010 So can lower tax rates. Complete nonsense. It depends entirely on what the government does with the money it collects. No it doesn't. The economy doesn't depend entirely on what the government spends money on. Quote
msj Posted November 29, 2010 Report Posted November 29, 2010 (edited) Poor people pay low or no income tax, BUT they still have to shop and get penalized. That's what the GST/HST tax credit is for. Oh, and that's why things like residential rent and groceries aren't taxable. Poor people don't really pay this tax. It's the middle and higher earners who do. And, even then, if GST was at 7% then the feds could increase the basic personal amount up to, say, $15,000 rather than the current $10,320. Just imagine - people not paying any federal income tax at all on the first $15,000 of taxable income. Edited November 29, 2010 by msj Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
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