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The HST – A Hideous Sales Tax Awaits

April 24th, 2010 | 2 Comments | Posted in Economy

Stop The HST - BC Taxpayer Rape Conitunes

Get ready for the sledgehammer called HST.

Gordon Campbell’s HST, which blends the federal GST with the provincial sales tax (and applies it to pretty much all  goods and services) needs to be stopped.

It’s going to all but kill the housing market, force a sales declines onto already struggling retail and service businesses, and raise the cost of living from ridiculously high to prohibitively high.

And once Campbell figures out that the provinces revenues are in steep decline, you know he’ll do what any good Liberal would do… raise taxes again.

The real reason Campbell has decided to hammer us is the $1.5 Billion bonus (bribe) her gets from the Federal Government for doing so. This bonus allows him to hide a deficit, that at election time, he conveniently forgot to tell us about.

The Hideous Sales Tax expands taxes to everything we pay the Godawful Sales Tax on now.

The way they are trying to sell it to us, is telling us that merchants will pass along savings… which is compete Bullsh*t.  Notice how prices of gas and merchandise has dropped now the Canadian dollar is equal to US? We pay the equivalent of $4.50 for a US gallon – almost double what they do just across the border.

They advertise that home buyers purchasing homes under $400,000 will pay approximately the same as the current system… the bad news is that you can’t actually buy a house for $400,000 in the Vancouver area, or in any BC city a person could actually make a living in.

Imagine – a tax of only an average year’s salary for the privileged of buying a home!???

So Gordie, if you are determined to take the next step in the tax-rape of BC taxpayers, here’s an idea to make it more like a molesting:

Drop provincial sales tax to 5% and make HST 10%… it may stand a chance.

Or, better yet, kill provincial income tax and up it to 15% overall – you’d have a much better chance of acceptance, and maybe a small hope of stopping the recall movement, and staying in power.

I know.. the chances of a tax ever going down in BC are about as likely as me buying a Smart Car.

Oh, and by the way Gordie – now you’ve awoken the political dead…. He’s Back!!!

Go here to stop the HST.

Gordon Campbell

Creative Commons License photo credit: Rich Anderson

Tortious Interference – Mighty Big Words From The Unemployed

April 23rd, 2010 | 1 Comment | Posted in Economy

From D.C. Douglas – the (former) Geico voice-over guy:

Four things need clarifying. 1) Please DO NOT call GEICO. If you read the blog carefully, you’ll see I hold no animosity toward them, only FreedomWorks. 2) Some readers seem to miss the fact that I did apologize for my words. Please read carefully. 3) I was NOT the gecko or the main vo tag announcer. That was a conflation by Matt Kibbe. 4) Comments have been closed because the server can’t handle it, man. Please go here to enjoy a debate: HuffingtonPost Article.

This video explains why Mr. Douglas would leave such a message… and reflects the fear of the left on the rise of middle America.

Here’s his video if you want to understand where he is coming from. All part of the Obama campaign to crush the tea party.

Here’s hoping for a start of a movement within Canada’s silent majority.

(Yes, I just finished my taxes :( )

Not sure what it will take before we speak out against the HST, the carbon tax, the environmental fees, the hidden taxes… and start demanding a downsizing of government. Living costs that are 40% more than the US haven’t seemed to get any reaction.

They bank on the belief that Canadians never met a tax they don’t like.

California Completely Misses The Point

January 3rd, 2010 | 5 Comments | Posted in Economy

california budget

As California continues to melt down, an article today in the Oakland Tribune forecasts the challenge (tax revenue) and completely forgets where the money actually comes from.

They point out the welfare will need to be cut, along with schools, and state workers…

Enrollment in California classrooms could swell, public colleges may further limit enrollment and raise student fees, state workers could face another year of furloughs, and the poor may stop receiving welfare unless Schwarzenegger and lawmakers agree to raise revenue.

Since February, California has made nearly $60 billion in adjustments to its annual spending plan. That has come in the form of cuts to education and social service programs, temporary hikes in the sales and income taxes, an increase in the vehicle license fee and one-time infusions of cash from the federal stimulus package.

The stimulus funding and temporary taxes will begin to end at the end of 2010, leaving less revenue for the second half of the fiscal year that will begin in July. Compounding California’s problem are lawsuits that have reversed several of this year’s budget decisions, contributing to a $6 billion deficit in the current fiscal year.

The state also has been unable to adopt prison and health care cuts it passed in the last budget.

Here’s a novel idea:

Make the state friendly to business and people who pay taxes. Raise tax revenue by allowing people to make money. Profits = Jobs = Tax Revenue.

Creating a climate for growth is the only way out – increasing taxes and relying on handouts will only continue the death spiral.

The liberal idea that you can tax  or spend your way out of a financial crisis has really paid off so far.

If they want to be genius, all they need to do is rid themselves of the laws that kill business, cut social spending and lower taxes… it will bring people and business back to the state and the tax revenue they so dearly need.

In BC, we have a government that is following California down this road… HST will be a killer, along with the new taxes we’ll be blessed with after the Winter Olympics. (No one has an inkling of how much the games will actually cost us.) Health care is already being rationed and as it increases in percentage of our budget spending, it will continue to rapidly decline.

The statistics for B.C. are daunting: Promised surpluses turned into record deficits; over 40,000 private sector jobs disappeared; exports fell by 25 per cent; and the number of EI recipients more than doubled.

If BC hopes to avoid the same fate as California, maybe now would be a good time to use the HST introduction to kill off personal income tax. Or to bring in a flat tax? At minimum, lower the provincial sales tax rate to counter the punishing effects HST will have on all the new items that will be taxed.

It may even save the Campbell Liberals from extinction.

The only reason they are introducing HST is the bribe that comes along with it… this one-time payment from the Federal Government is short sighted and will prove to cost more than they can imagine.

2010 should be the year of jobs, not taxes. Unfortunately, we are blessed with left-wing policies that ignore where the money comes from.

Daniel Hollinger at Hollinger International has links to articles on school reform

Harper Could Use Prorogue To Save Canada Billions

December 30th, 2009 | 4 Comments | Posted in Economy

nowhere men

With a Parliament prorogue until after the Olympics, I think he should have taken a few more steps to save us some serious money:

- Use the period to layoff all MPs and make them apply for  (un)eployment insurance. This would be an eye opener for them. maybe a few would run off and get real jobs.

- Layoff all Parliament workers and support staff – again a few would get real jobs and we’d breath new life into the place.

- Shut down all government departments that are not deemed essential. This would give us a taste of life without government for two months and Canadians would realize that we don’t need most of what they provide.

Which of these would be missed:

Assisted Human Reproduction Canada
Atlantic Canada Opportunities Agency
Atlantic Pilotage Authority
Currency Museum
Blue Water Bridge Canada
Canada Economic Development for Quebec Regions
Canada Emission Reduction Incentives Agency
Canada School of Public Service
Canadian Artists and Producers Professional Relations Tribunal
Canadian Biodiversity Information Facility
Canadian Broadcasting Corporation
Canadian Dairy Commission
Canadian Firearms Program
Canadian Grain Commission
Canadian Heritage
1. Aboriginal Affairs Branch
2. Canadian Conservation Institute
3. Canadian Cultural Property Export Review Board
4. Canadian Heritage Information Network
5. Ceremonial and Canadian Symbols Promotion
6. Exchanges Canada
7. International Affairs Branch
8. Official Languages
9. Sport Canada
10. Values and Ethics
11. Virtual Museum of Canada

Canadian Human Rights Commission
Canadian Human Rights Tribunal
Canadian Intergovernmental Conference Secretariat
Canadian Museum of Civilization Corporation
Canadian Pari-Mutuel Agency
Canadian Polar Commission
Canadian Race Relations Foundation
Cape Breton Development Corporation
Multiculturalism
Enterprise Cape Breton Corporation
Canadian Ice Service
Clean Air On-line – Canada’s Clean Air Act
Climate Change
First Nations Statistical Institute
Great Lakes Pilotage Authority Canada
Interagency Advisory Panel on Research Ethics
Laurentian Pilotage Authority
National Battlefields Commission
National Energy Board
National Farm Products Council
National Film Board of Canada
Networks of Centres of Excellence
Office of the Commissioner of Official Languages
Pacific Pilotage Authority Canada
Public Service Staffing Tribunal
Registry of the Specific Claims Tribunal of Canada
Species at Risk Public Registry
Western Economic Diversification Canada

Shutter them and 2010 deficit is solved.

Creative Commons License photo credit: solidstate_

What Do These Papers All Have In Common?

December 22nd, 2009 | 1 Comment | Posted in Economy

The Paper Boy

The following major newspapers in the US filed for Chapter 11… can you spot the pattern?

- Heartland Publications LLC. – The owner of 23 daily newspapers and other publications in nine states, filed for Chapter 11 bankruptcy protection on Monday. It has newspapers — in Georgia, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Virginia and West Virginia

- Tribune Co. – The owner of the Los Angeles Times, Chicago Tribune, other daily newspapers and TV stations sought Chapter 11 protection in December 2008, burdened by $13 billion in debt.  Tribune isn’t expected to file a reorganization plan until at least February.

- Freedom Communications Holdings Inc. – On Sept. 1, the owner of The Orange County Register in California and dozens of other newspapers sought bankruptcy protection.

- Philadelphia Newspapers LLC – The Philadelphia Inquirer and Philadelphia Daily News. This hard-fought Chapter 11 case began in February.

- Sun-Times Media Group Inc. – The owner of the Chicago Sun-Times and suburban newspapers filed for bankruptcy protection in March. The sale was finalized in October after leaders of five unions reversed course and agreed to contract changes demanded by Tyree.

- Journal Register Co. – The owner of the New Haven (Conn.) Register and other daily newspapers emerged from bankruptcy protection Aug. 7. The company had listed $692 million in debt – the bulk held by JPMorgan Chase.

- Star Tribune Holdings Corp. – The Star Tribune in Minneapolis had a Jan. 15 bankruptcy filing. When the newspaper emerged from Chapter 11 on Sept. 28, $480 million of debt to senior lenders got reduced to about $100 million.  Company renamed Star Tribune Media Company LLC.

The newspapers need to wake up to the fact that they are turning off 50% of the readership through their far-left views.

Look for some major falls in 2010. New York Times now has less than a million circulation.

Creative Commons License photo credit: (from a second story)Mike Bailey-Gates

Time Is Running Out

December 20th, 2009 | 2 Comments | Posted in Economy

Start Time

The Favorite phrase of the Obama administration. Now that anyone is buying it anymore.

It started with the financial industry rescue – which, at the time, was believable. Unfortunately there’s no end in sight. In 2010 we’ll have as many, if not more, bank failures, foreclosures and business collapses. If you want proof of  what happens when government jumps into business look to the Ford VS GM yearly results.

The stimulus - Canada’s included. The cry was we need it NOW, and they haven’t spent much even after 6 months. It was a con to get money for political payoff and to further their agenda. Look for round 2 in the US. Thankfully Harper has kept a lid on ours.

American health care reform - they are trying to jam this down America’s throat even though it doesn’t actually start to reform anything until they’ve collected years of taxes. If you’d like to see just how big of a dog it really is, read this legal review. The reform is purely social engineering and will do nothing to improve costs or quality of health care. There will still be millions uninsured, although they will face fines and jail for not being insured. Americans hate it and it has awakened the silent majority.

Our world – we’re all going to drown soon, the globe is heating up faster than ever, our ice cap will be gone in a few years… and NOW is the time to transfer all of our money to the third world. Fortunately Copenhagen collapsed. That’s what happens when you gather the world’s Marxists and dictators together. It was meant to be a foreign-aid bonanza… or at least they hoped for one. They’ll try again in Mexico.

Obama-change has broken the bank… and now China is warning it can’t buy US debt. This should be a dire warning, but it’s apparent the Obama agenda trumps common sense. The Chinese have been sending the message for months, but no one is listening.

Onward they go, forcing massive spending bills through. California could be first to collapse – It already costs 2.35% a year of principal to insure Californian municipals against default, according to CMA DataVision, nearly as much as it costs to insure Greek bonds. The treasury will need to be buying these soon, and it doesn’t have the money.

2010 doesn’t look good, thanks to the Obama-looting in 2009. The US will see skyrocketing taxes, higher unemployment, and huge government growth.

The progressives are in a panic, because they know this is will be a short-lived opportunity – where they have complete control – to radically change the US to their socialist ideal. Obama’s first year makes Jimmy Carter look like a genius.

Real Hope’N'Change should come later in 2010, when congress is voted out. Hopefully, Republicans will embrace the tea party ideals, and we’ll see a return to sanity. The odds of the Nancy and Harry show being around in 2011 are slim to none.

Let’s hope it’s not too late.

The real fallout in Canada hasn’t even started yet, and when it comes, we’re in for a shock. We continue to spend at an unsustainable rate and Canadians today are deeper in debt than ever. Oil is the only thing holding things together right now. If commodity prices were to drop substantially, we’re in big trouble. A second world financial crisis (which is inevitable) would drive commodities down.

Time to slow down and start putting money away… rainy days may be just around the corner.

Creative Commons License photo credit: 2create

Each Canadian To Chip In $3,000

December 18th, 2009 | 3 Comments | Posted in Economy

tax_2960

Unbelievably, in the Vancouver Sun:

A leaked draft version of the agreement on the table at the Copenhagen climate conference reveals plans for a massive transfer of wealth out of Canada. This transfer will come in the form of new taxes and the establishment of a new world government body for climate change housed in the World Bank.

The two-per-cent tax on GDP alone would cost Canada some $26 billion. The $2-a-tonne tax would add up to $500 million per year. And the tax on international financial transactions would soak untold billions. This total tax grab is at least $26.5 billion, or over $3,000 a year for every Canadian family– not including the tax on financial transactions or plane trips.

This idea would be bad enough even if the cash was meant to stay in Canada. But it is not. The scheme is designed to send this cash to 49 developing nations for them to reduce their CO2 emissions and to create so-called green projects. These 49 countries include the likes of Uganda, Burundi and the Sudan.

Pray for these frauds to fail…

Here’s a great round up on the global warming hoax.

Creative Commons License photo credit: mondays child

Canadian Musicians May Get A Windfall

December 8th, 2009 | 2 Comments | Posted in Economy

Jack Sparrow

Pirates against pirates…

You got to admire the Canadian Recording Industry Association… after they fleeced us for buying blank CDs, they’ve come up with a new way to get money into someone’s pocket.

Members of the Canadian Recording Industry Association, including the Big Four (Warner Music Canada, Sony BMG Music Canada, EMI Music Canada, and Universal Music Canada), face the prospect of damages ranging from $50 million up to $6 billion due to their use of artists’ music without permission.

One part of the complaint says the companies have shown “reckless, high-handed and arrogant conduct aggravated by their clandestine disregard for the copyright interests of the class members in contrast to their strict compliance enforcement policy and unremitting approach to consumers in the protection of their corporate copyright interests.”

The music industry’s has blatantly abused of a certain aspect of Canadian copyright practices—something that the labels themselves don’t even deny doing.

As University of Ottawa law professor Michael Geist pointed out on his blog, the issue stems from a change to the law in the 1980s that eventually produced something known as the “pending list.” Essentially, record companies no longer had to get a compulsory license every time they wanted to use a song for, say, a compilation album. Instead, they went ahead and used the song without waiting for authorization or making payment, adding the song to a list of music that is pending authorization and payment. That basically means the record industries could use songs as long as they swore they would get authorization and pay the artist for it eventually.

Instead of keeping up with its tab on the pending list, the recording industry just kept adding songs—without obtaining any rights. The pending list among the lawsuit’s defendants has topped 300,000 songs from both large and small artists alike—300,000 songs that the labels are openly admitting that they have not secured the rights for. In the complaint, the plaintiffs claim that the record companies have been unjustly enriched by the use of their unauthorized music (they have, after all, been selling the music without permission and not paying out).

So once they get their $50 million to $6 billion owed, it would be interesting to see how long musicians and artists in Canada have to wait… and how much they’ll actually receive. Don’t hold your breath.

Creative Commons License photo credit: San Diego Shooter

Depression Christmas Gift Ideas

December 4th, 2009 | No Comments | Posted in Economy

‘Cause you never know when you’ll need it…