Saturday, July 3, 2010

HST and the illusions new taxes bring.

To implement a new tax or draw money from a government coffer one must make sure a society is prospering. For instance, any economist will tell you that introducing a new tax can hurt ones economy, Peoples confidence lags and consumers chose to save their money more to avoid not having money for things in the future due to the new tax, whether they are merited in their fears or not. This is one reason government chose to raise indicator to great a fake positive quarter, its real but artificially caused and not a natural product of the economic situation of the populace. Thus as we are in a world wide recession adding an HST is not a good idea.
In times of prosperity people complain about new taxes but brunt them. The day before the HST the gas pumps near my house were packed, gas stations ran out of money, the station is now slower than normal, effect actualising.
Most of the sales most people did before the HST most products were covered by both GST and PST though the amalgamation is taken as if it was a brand new tax and people already fearing economic down turns in their own life due to the depression, oops forgot the fake inflated quarter that makes it only a recession. When gold returns to about 800 dollars you know consumer confidence has risen and people are not hiding their money in commodities like gold and have returned to the confidence of buying stoke and investment commodities.
The HST will have an effect but Ontarians will survive (bitterly for some)
This all effects
Peace

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