by geForce » Fri Jun 24, 2011 1:16 pm
My worry with HST is that the intended benefit doesn't necessarily translate to a real benefit.
I can definitely see the suggested benefits of the HST, but I don't trust businesses enough to lower their prices even with their cost savings. Plus, I've mentioned before that the timing of the HST was horrible. We're still reeling from the recession, especially for small businesses. That means a couple of things:
- The intended benefits of the HST at the consumer level theoretically will not be noticed until years down the road. It's not an immediate effect. That means, at a time of recession, people will be even less inclined to spend the much needed economy boosting money due to the HST.
- Businesses are in recovery mode, so any cost savings that they're enjoying will most likely be used to recover losses and the last thing in their mind is to lower their prices to the end consumer. In fact, I've seen price increases more than I've seen price reductions when eating out.
My thoughts on HST is that it is definitely a good thing, but it is in bad timing and bad implementation.
By the way - we're not the only province that is against the HST. We can't really use the "hate Gordon Campbell, not the HST" argument, like the video suggests.
Last edited by
geForce on Fri Jun 24, 2011 1:31 pm, edited 1 time in total.