In case you did not read my letter to the editor here it is again, the true reason they brought in the HST.
http://www.bclocalnews.com/fraser_valley/theprogress/opinion/letters/100535809.html
As a footnote, there is a silver lining (flossing) in them bringing in the HST. As former Maple Leaf player Tiger Williams said: "they are done like dinner". Will look good on these arrogant Liberals.
I read it before Chris and I inserted a quote from it below.....
"One reason I feel why Campbell and his finance minster Colin Hansen were forced to find another way to bring in more revenue is because their government cut taxes starting back when they were first elected. – a total of 37 percent since 2001, the Premier said in a previous article defending his government’s stance on bringing in the HST on July 1. When we see the financial mess we are in now, how wise a move was that to cut these taxes so much?"The problem I have with what you are suggesting is this.....
Income taxes penalize hard working, enterprising people that risk their savings in order to grow a business. Income taxes penalize those folks by taking money from them that they would otherwise invest, creating wealth and jobs for others. Income taxes generate revenue but they are a huge disincentive to working hard to earn money. Lower income taxes will attract more businesses to invest in BC, higher income taxes will make them look elsewhere!
On the other hand consumption taxes like HST are good because they generate government revenue from people that buy stuff. If you don't buy stuff you'll pay very little HST.
Wealthy people generally buy a lot of stuff because they can afford it. As a result the government gets more tax revenue from them than from the lower income folk.
This is why I believe that while the government is not doing the "popular" things, they are doing the right things.