Dalton McGuinty tries to assuage our worries about the HST in an interview with two Ottawa Citizen reporters (H/T Always Right):
Pilieci: These 600,000 jobs you keep referring to, let’s take that number at face value: Where are those jobs going to come from? What parts of the economy? How is the HST going to stimulate that growth?
[McGuinty]:
Well, you have to ask detailed questions of Jack Mintz. But, what I do know of the study is that it was peer reviewed by four economists. If people object to the study, if they feel that this is somehow unreliable, then they need to produce their study and they need to have it peer reviewed by their colleagues. I know there are a lot of conversations around breakfast tables and the water cooler, but I think it’s important to inform our opinion so we know what we are talking about.
Yeah, Dalton doesn’t know but apparently Jack Mintz has the info.
And what about this ‘peer reviewed‘ stuff? Sounds familiar. Where have we heard that before?
Scary stuff from a scary looking guy. Skin-Flinty looks like that guy on Criminal Minds, but in this case we’re looking at the criminal. A lot of fancy talk to substantiate a tax grab which is more complicated than it appears. If some good ever comes out of it, the associated waiting time may be further detrimental to a sputtering economy. The timing can’t be good, and looking where it’s coming from, none of it can be good.
Dalton knows full well where the jobs will be coming from. He also knows who will be paying for these jobs. The majority of them will come from direct government hirings of people (read investigators) to ensure that the draconian targets for CO2 emissions are met, from the multitude of clerks required to monitor the cap and trade scam, or from the people employed by firms that exist only on the government subsidies they receive. In other words, all these jobs will result from government programs and will be paid for through higher taxes on the people who have to work in the real world.
It’s not that Dalton McGuinty doesn’t have a clue about where these jobs are supposed to appear, he knows there will be no 600,000 jobs as a result of another of his massive tax increases. Ontario may lose another 600,000 jobs, but they won’t be government-union jobs, so McGuinty doesn’t care.
Service industries are very worried about the HST – i.e. hair stylists, real estate agents, appliance service people – anything that wasn’t taxed before. Some of this is discretionary spending and with HST being levied on heating and water etc, people will be looking elsewhere to make cuts in their budgets.
I predict a downturn in the service industry and a rise in ‘cash only’ deals.
I agree Joanne…the underground economy is about to flourish as it has never done before.
Home renos as an example, will be “some on the books”…for appearances sake…the rest, customer purchases the material and pays cash to have it installed…no paper trail to the contractor.
Under the table has been going on for years…its just about to get a whole lot more intense.
Hey the gov’ts don’t seem to be able to reign in illegal cigarette sales…do they think they can contain this at all?
History shows that overtaxation always leads to anti-taxational innovation…and quite often to insurrection.