UPdated here/ march 10.....Jack mintz sits on so many boards of giant corporations...His report can be nothing but a conflict of interest,for goodness sakes, he`s advocating giving massive tax breaks to companies who pay him,like Imperial oil(Read about his renumeration here)http://andrewmcintyre.ca/2010/02/25/albertas-royalties-conventional-wisdom-and-conflicts-of-interest/
And more conflict of interest here
Well well well, here we go again, the BC Liberals paid for a 14 page report on the HST, on how it will increase investment,on how it will create jobs, they recruited no other than Jack Mintz to do the report. Jack Mintz`s latest 14 page report on the HST claims more investments,more jobs....But...Perhaps Gordon Campbell didn`t do his own research on Jack Mintz.....Folks, you can`t make this stuff up, but in 2008 Jack Mintz(from the university of Calgary) did a report about HST implementation in Ontario and came to the conclusion that the HST would be bad for consumers and cost Ontario 38,000 jobs!
That`s the God`s honest truth friends, now Jack Mintz has done a new study for Gordon Campbell(for money I might add) and the BC Liberals, so Jack Mintz has a done a COMPLETE 180 degree turn, that`s pretty funny stuff, according to Jack Mintz`s latest 14 page report there will be 113,000 jobs created over the next decade....Let`s see, that works out to 11,300 jobs per year, with population growth alone that number rings hollow.....Similar to the USA...They are still losing jobs and with their population they need to create 150,000 jobs per month just to remain even......But Jack Mintz has more to say, Jack Mintz also states that over the next decade that there will be over $11 billion dollars of new investment in BC!
Let`s examine that number a little closer .....$11 billion dollars over 10 years works out $1.1 billion dollars of investment per year.....Sounds like a lot of money,is it? Wouldn`t we have that much new investment in a normal economic environment? $1.1 billion dollars per year in new investment in BC with the implementation of the HST....Well let`s look a little closer...The implementation of the HST will cost the taxpayers of BC $1.9 billion dollars per year!
So if my math is correct the big corporations are planning on keeping $800 million dollars of this tax shift every year, that means that the big corporations are planning on keeping roughly 45% of all this extra revenue, but let`s keep digging a bit more shall we.
According to Jack Mintz who in 2008 opposed the HST and claimed it would cost consumers money and jobs, $1.1 billion per year in new investment in BC because of the HST...But, $1.9 billion dollars are being taken away in consumer spending,in other words, over 10 years with the implementation of the HST BCers will have $19 billion dollars taken from them!
Well friends, this might be fuzzy math but if that $19 billion dollars wasn`t being taken from the consumers and they were allowed to spend that amount on goods and services ....I contend that there would be over 200,000 jobs created over the next 10 years without the implementation of the HST.....The tourism and restaurant industry agree completely with my assessment, in fact those 2 industries say that bringing in the HST will cost 10,000 jobs in each of those industries, they seem to adhere to what Jack Mintz said in 2008....Before he was hired by Gordon Campbell to change his mind, and Jack Mintz had more to say about the HST, Jack said the implementation of the HST will lower wages, imagine that,lower wages, could BCs already lowest minimum wage in Canada go lower? (read what Jack Mintz said here)http://ontariondp.com/node/2542
Well folks, cknw on the John Macolm show, John had on as his guest in his first segment no other than Jack Mintz, very interesting, I have learned several things,first off,the report from Jack Mintza cost BCers 12,000.00...12 thousand dollars, and I also learned that Jack Mintz appears to be as dishonest as Gordon Campbell and Colin Hansen....Of course John Macolm asked no tough questions, he asked none of the questions I sent him, Jack Mintz cited the Atlantic Canada experience with the hst, Jack Mintz stated that consumer prices went down in Atlantic Canada after they harmonized their PST and GST...And that was true, consumer prices fell by 1%, although housing prices rose and did services, but what Jack Mintz failed to mention in his 14 page report,what John Macolm failed to mention is that.....
Atlantic Canada as an enticement to the public, when they merged the two taxes....Taxes were lowered by over 4 points...That`s right friends, the combined tax rate in Atlantic Canada gst/pst was 19%.......When they brought in the HST they immediately lowered the combined rate to 15%.....over a 4 point drop in the tax load, that is not what is happening here in BC or Ontario, so that my friends is totally dishonest of Jack Mintz trying compare apples to oranges.....I am sure that if the combined tax rate in BC was dropped from 12% to 8% we would be quite happy,but that isn`t happening, Jack Mintz is a fraud, for a professor to make a carte blanche comparison between Atlantic Canada`s HST to BC`s HST is fundamentally flawed, he also only speculated as to job growth, he has zero examples to make the claims that he did....Personally,if I was a teacher and Jack Mintz presented his flawed report to me without disclosing the difference I would grade Jack Mintz with a FAIL!...(read about how Atlantic Canada lowered its tax rate by over 4% here) http://www.vancouver-real-estate-direct.com/HST/BCvsMaritimes.html
Well,friends, I have been digging around for Jack Mintz`s 2008 HST stance...I have some quotes from his 2008 report at the CD Howe institute..
Here is what Jack Mintz had to say in 2008...About implementing the HST "by the 10th year of the simulation, real wages are down,but very slightly because of heavy tax burden on consumer goods and services".....And here is what Jack Mintz had to say about jobs in Ontario if the HST was implemented....."In the first year of the HST,short terms losses of 9,000 jobs, 16,000 job losses in the second year,in the fifth year job losses will stabilize" SNIP(read the 28 page pdf here...read excerpts on page 8 and page 9)http://www.cdhowe.org/pdf/Commentary_273.pdf
Friends, it is quite apparant,Jack Mintz states that consumer prices will rise, wages won`t, what little wage increases there might be will be more than offset by higher priced consumer goods and services,Jack Mintz also states that there will be job losses for 4 years and stabilizing in year 5....Jack Mintz also believes that over 10 years the impact on jobs is negligible,his own words folks.....You can`t make this stuff up...Jack Mintz does believe it is good for business, but we all know that already, but his own words, this will be no boon to the public/wages/jobs....Despite what Jack Mintz reported for Gordon Campbell, it is all speculation,a simulation,but the 5 year pain and consumer goods and services costing more are consistent. There is nothing in this for us folks!
Jack Mintz is nothing but another paid "snake oil salesman"
Friends,this story is a work in progress, google up....(Jack Mintz reports hst will cost 38,000 jobs in 2008, or Jack mintz states hst will cost jobs).....I haven`t found Jack Mintz`s 14 page report that Gordon Campbell paid for but...I will get it.
The HST fraud continues, there was the budget lie about hst going to health care,there was the pre-election lie by Gordon Campbell ...Campbell said the BC Liberals were not bringing in the HST....Now our tax dollars are being paid to Jack Mintz to change his mind about the HST and write a 14 page report.
Gordon Campbell and Colin Hansen have turned Government into a joke, the laughing stock of Canada, three card monty,the shell game, more like the plundering of British Columbians! (more to come)
The Straight Goods
Cheers-Eyes Wide Open