A shocking update at bottom of the post!
Absolutely stunning, the Fraser institute has come out with a phony report claiming the HST will be a boon to low and middle class families, in fact the Fraser institute states that low income families will be ahead money, they claim middle class families will be even and wealthy families will be out a mere $65 dollars per year..HA HA LOL.
The Swiss Cheese report by the Fraser institute, that`s what I am calling their report because it`s so full of holes it couldn`t hold water or stand up to any scrutiny, let`s go to work friends exposing The Straight Goods.
Let`s start with Dalton McGiunty(Ontario Premier)...Dalton Mcguinty a few weeks back finally admitted that the HST will cost middle class families between $862 and $1732 dollars per year, and Dalton is sending middle class families $1000 dollars this year to partially offset the first year of the HST, meanwhile these clowns at the Fraser propaganda institute have the gall to claim everyone in B.C. will be ahead with the exception of the wealthy, the rich will be out a lowly sum of $65 dollars per year, read Dalton McGuinty`s admission here
The numbers, gee whiz folks, numbers don`t lie, the con man from the Fraser propaganda ministry also toss numbers around that don`t make any sense, they state that the HST is revenue neutral to Government, I concede that, the Fraser Group also state that business will pay per year $1.9 billion fewer dollars in tax, I agree with that, the Fraser group state that BCers will pay an extra $1.9 billion per year in tax.......
That makes no sense at all, if we divide $1.9 billion by 4 million BCers it comes to $500 dollars for every man, woman and child in B.C.......But as you know, children pay no tax, also the Fraser institute states that 1.1 million BCers will get an HST tax credit ($230 dollars per year, although many of the tax credits will be half that amount)......But for argument sakes lets keep all those tax credits at $230 dollars, ....$230 X 1.1 million people = $243 million dollars...
$1.9 billion minus $243 million = $1.657 billion dollars.......So even if those families and individuals are made whole with their tax credit that leaves 3 million BCers to pay to Business...
$1.657 billion dollars per year to be paid by the remaining 3 million BCers comes to pay $550 dollars each, everyone of the remaining 3 million BCers would have to pay $550 dollars each, that includes man, woman, and child, the numbers don`t lie, the Fraser institute is intentionally conning BCers, and let`s remember who funds the Fraser institute, banks, big industry, mining, oil n gas, ......
Back to the numbers, pure math tells us that 3 million BCers will have to pay $550 dollars each, but, there is about 1 million of the remaining 3 million who don`t work and pay taxes, I am talking about children, babies, young teenagers, so when you deduct the 1 million from the total, that leaves roughly 2 million BCers to pay $1.65 billion dollars, divide $1.65 billion by 2 million people = $900 dollars per tax payer per year...
Sorry Fraser institute, those are the hard numbers, the Fraser fools also talk about the B.C. Government lowering income taxes and raising the pay no tax threshold to $11 thousand dollars, well......
That is very interesting, because those tax changes were announced two years ago and were budgeted in the spring of 2009....Well before any HST was announced, since the HST lie and scam was perpetrated on us BCers days after the election there has been NO NEW INCOME TAX CUTS ANNOUNCED OR IMPLEMENTED.......
So for the Fraser institute to cite tax changes from 2 years ago as being......"To help offset the HST"....Is disingenuous at best, if not outright dishonest!
As well friends, in my post below, :Gordon Campbell is a Liar...Need Proof:........The fact that if a dirt poor family of 4 making $25 thousand per year .....Is given $800 dollars per year.....And that $800 dollars keeps them EVEN, how on earth can the Fraser Propaganda ministry make the claim the higher earning middle class families will remain dead even when they will receive no rebate and get NO TAX CREDIT.......
Because, even the income tax cuts announced 2 years ago and implemented this year come no where even close to $900 dollars, the middle class tax cuts amounted to $70 dollars.
I read the inaccurate garbage report from the Fraser institute, it makes many claims, many claims that are false and unprovable, such as.....The Fraser institute claim that wages will go up (eventually), the institute claims that prices (should) come down, the institute claim that B.C. workers (should) become more productive. The below paragraph I cut and pasted from the Fraser institute report, what it states is.....Everything they say has yet to be proven, they are estimates, also at the bottom of the Fraser institute garbage report, (I will provide the link) ..It states, the assertions of the report are merely opinions of the authors of the story, the Fraser institute doesn`t support or oppose the HST and does not accept any liability to the accuracy of the authors report. They select their wording very carefully, they don`t say wages WILL go up, they don`t say prices WILL go down, every word they use are spineless non-committal weasel words like.......Should, eventually, etc etc.
The below statement is directly from the Fraser institute report
12 The cal c la tions in this Alert are
based on fore casts of per sonal
income, and on fed eral and pro vin -
cial tax rev e nue fore casts. When
final revenue numbers become
avail able at the end of each fis cal
year and per sonal income data are
updated by Sta tis tics Can ada, the
cal cu la tions will change. In other
words, these are pre lim i nary esti -
mates and will be sub ject to revi sion
when updated gov ern ment fore casts
are made avail able in the 2011 BC
and fed eral bud gets.
You see folks, nothing but insulting garbage, they put in the above statement as an escape clause, in other words their report is speculative and biased at best, a bought and paid report, paid for by big industry, the data has more holes than Swiss cheese, Oil n gas industry will not lower prices, mining won`t lower prices, most consumer goods people buy come from China, all electronics come from China, most shoes and clothes come from China, there is NO embedded PST on those consumer items,......
The propaganda institute also mentions the Atlantic Canada adoption of the HST, of course they omitted the fact that Atlantic Canada when they adopted the HST their Provincial tax was lowered by 4 percentage points, and even with that housing prices rose, previous tax exempt items rose in prices, as for consumer goods, prices fell on some items by 1%...No where near the 4 percentage point drop in tax, the HST is nothing but a scam, also today, one of the authors of this report Niels Veldhuis was on with Simi Sara(filling in for Christy cluck cluck Clark) today, he said today on the Simi Sara show that minimum wage should not be raised in B.C. and he said that corporate taxes need to be reduced in B.C. even further, what an absolute corporate stooge, yea right, lower corporate taxes more, lower income taxes more, just put new taxes on the neccessities of life!
The Fraser institute doesn`t address the extra $700 dollars in tax on 1 funeral, the Fraser institute doesn`t make mention of the extra cost of $35 thousand dollar cost on a $1 million dollar home, and a $1 million dollar home is pretty standard for Vancouver, Coquitlam, Richmond, West Van, North Van, Point Grey.....
The report is so flawed it must be regarded as messaging from the enemy, and isn`t that interesting, 10 days before the HST comes in to affect the Fraser institute comes out with this report, if they could make the case Gordon Campbell would have campaigned on the HST...
But that didn`t happen, Gordon Campbell read the BC Progress board report in December 2008, Campbell planned the HST before the election, the report is garbage, bunk, crap, a waste of words......Perhaps the Fraser institute should check in with Dalton McGuinty and straighten him out, McGuinty has come clean as to the costs to consumers, Gordon Campbell will never stop lying, he`s an Habitual liar. You can read the Fraser institute report here
Pay special attention to all the disclaimers at the end of the article.
No worry folks, too little too late, nobody believes the Fraser institute and the numbers will prove me out and when the public starts paying the tax on every purchase the outrage will grow and grow and eventually boil over!
Updated here-A far more extensive study was released today showing that the BC HST will hurt all middle class families in all financial ranges, this study is far more extensive and totally debunks all and everything Niels Veldhuis and the Fraser institute said and reported...Read the story
And this study wasn`t done by any biased group, this study was done by statistics Canada, and even with this study, it is slightly flawed as well, even though it concludes that all households will get hammered..............The study based it`s model on...."That all businesses would pass on every dollar of savings they see", and we know that won`t happen, so add hundreds if not thousands of dollars to the cost to households!
Put that in your pipe and smoke it Gordon Campbell, how does that Fraser institute "toe Jam" taste!
"Recall in the Fall"
The Straight Goods
Cheers-Eyes Wide Open