Letter to the Editor — HST outlook

Letter to the Editor

Editor:

On a positive view to the HST answer. There are some safe assumptions that thinking people can count on in the fall out and the aftermath of the HST referendum. From the campaign’s spending balance and fairness we can count on the B.C. government’s weaning its dependency on federal HST revenues.

This forecast is reinforced by the many economists that have endorsed HST as being good for business. There is even one economist that is specific about this benefit, explaining how the same federal GST trust reporting system with HST, will aid many if not most firms in going underground.

With the near five per cent reduced shopping dollar, people will learn to keep all sales transactions in cash, off the record. As more firms catch on, shifting growing portions of their trade under the HST radar, to have less tax remitted.

Already B.C. is looking to drop the costly pension schemes at BC Ferries. With any luck the government MLA’s will also follow with a pay and pension cut.

Dwindling HST revenues will force that cut. Less revenues, means less will be wasted on police or home owner grants. Small government is what it’s about.

Another boon of a reduced economy, with much of it underground, is that under reporting firms will advertise less. Put up an advert, you get an audit. That means no or less junk mail even on the Internet. A further plus is that less newspaper space will be wasted on ads.

Dee Shoolingin

Duncan

 

Just Posted

Caps fall to Clippers in Nanaimo on Friday night

Clippers’ tying and winning goals come in less than a minute

Cowichan school district approves women’s winter shelter

The Cowichan Valley School District’s board of education has approved in principle… Continue reading

North Cowichan is Canada’s hot spot on Wednesday

The Warmland lives up to its name

Ladysmith Secondary School improv still groovy after 20 years

Catch performances Nov. 15th, 16th, 17th and 22nd, 23rd and 24th

New Coast Guard radar boosts marine traffic monitoring off B.C. coast

Six radar installations set up for Georgia Strait to Queen Charlotte Strait to Prince Rupert

Saving salmon: B.C. business man believes hatcheries can help bring back the fish

Tony Allard worked with a central coast First Nation to enhance salmon stocks

Vancouver Island remembers

Important stories shared as Islanders salute those who made the greatest sacrifice

High-end B.C. house prices dropping, but no relief at lower levels

But experts say home ownership remains out of reach for many for middle- and lower-income families

Worker killed in collision at B.C. coal mine

Vehicle collision occurred at approximately 10:45 a.m. this morning

B.C. asking for tips on ‘dirty money’ in horse racing, real estate, luxury cars

Action follows a Peter German report on money laundering in B.C. casinos

Canadian dead more than a week after plane crash in Guyana: Global Affairs

Global Affairs said it couldn’t provide further details on the identity of the Canadian citizen

Children between 6 and 9 eligible for $1,200 RESP grant from province

BC Ministry of Education is reminding residents to apply before the deadline

Victoria spent $30,000 to remove John A. Macdonald statue

Contentious decision sparked controversy, apology from mayor

Privacy concerns over credit card use for legal online pot purchases

Worries follow privacy breaches at some Canadian cannabis retailers

Most Read