1. You haven't taken into account the HST return people received b ...
lo_pak 發表於 2011-5-26 11:38
1. I am trying the point out his way of reading what is progressive and regressive is wrong. He is confused with the amount of tax and burden of tax.
With the refund, it is still unfair to most working people here in BC. The HST refunds go to "low" income people, but also goes to "no" income people who could be a millionaire. It is stupid how they administrate the refund, but that is another story.
2. I am at the end of the stick here. I pay cold hard cash is real. But what I get is some unquantifiable benefits in theory.
What I can measure/see is retail price is a lot higher here in BC than in Toronto. Please explain to me why BC crabs is alot more expensive in BC.
3. I don't get your point. Please explain.
I am not trying to influence how you see HST. I am trying to point out how his points are poorly formulated.
1. Do you know what's the meaning of "sales tax"? It's not like income tax, it's a consumption tax, you pay when you need it... For those low incomes, the biggest expense is on food. But I don't think there's a great impact to them unless they eat a lot of snacks.... There seems to be a lot charged on services like hair-cuts, bankings, etc.
2. Can you tell if HST is removed, the price at BC will be lowered? I don't think so... They have HST in Ontario also, isn't it?
3. If you don't agree with Fraser Institute report, can you please let us know what really hurt your pocket so far after the introduction of HST?
Debt isn't always bad. If the country does not have any debt at all, economists would probably argue that it is not getting the most out of the country.
Think of it this way -- many (most?) home owners are in debt because of their mortgage. But is that a bad thing if you can afford your monthly payments? Through leveraging, you are getting more out of your salary.
Another example is business lending. If I have $1M capital on hand, am I only going to use that $1M to conduct my business? Or am I going to use that $1M and borrow some more to make it a $5M business that would earn me a much higher return?
The thing you want is manageable debt levels. As long as the amount of debt is not a burden to the economy, you are actually getting more out of what you have.
Another prime example is the stupid HK government and all that reserves that it is sitting on. The money might be used to purchase US T-bills and whatnot, earning a paltry 2% interest. Had some of that money been returned to taxpayer's pockets, people could use it as they see fit, and in doing so, stimulate additional economic activity that yields a higher return than that stupid 2% interest.
Another prime example is the stupid HK government and all that reserves that it is sitting on. The m ...
Lik 發表於 2011-5-26 14:25
Stinky mouth Lik, just look at US, Canada, Portugal, UK, Spain, Italy Greece, Iceland and Japan. They are all debt-ridden and near bankrupt.
They are falling like dominoes one after another.
The western financial model is crumbling quickly. They just can't repay their unmanageable debt. Past economic growth has been based on excessive borrowing.
Hong Kong is probably one of the most financially sound economy in the world. Their budget surpluses keep on increasing. HK has no net debt and no sales tax whatsoever.
發表於 2011-5-26 12:24
| 
