UPDATE - Over 400 people have already joined my Facebook protest group - NO BC HST - please sign up today and send Premier Gordon Campbell a strong message.
But if you think the HST is an appropriate way to pay for public services you misunderstand completely what is happening with the HST!
I'll be writing on this Tuesday in 24 hours and the Tyee and of course here, but the short version is that this is the most enormous transfer of taxation from businesses to individuals we've yet seen!
It is also a highly regressive tax - that is, it disproportionately impacts lower income earners because far more of their limited income will be spent paying the tax.
A progressive tax increase would be far more desireable if a tax increase is needed to pay for public services. That way the burden falls more fairly on those with great income.
And yet Premier Gordon Campbell had the nerve to say: "This is the single biggest thing we can do to improve B.C.'s economy."
Job creation? Give me a break! This is a pure tax grab and transfer.
Take restaurant meals - currently consumers pay no Provincial Sales Tax on the food portion - only on alcohol sales.
After the HST comes in, you will pay an extra 7% on the food - and guess what happens?
Restaurant sales go down. Servers and staff see reduced sales AND reduced tips.
Take my own consulting business West Star Communications - I currently am obliged to charge the 5% GST on services.
With the HST I will have to charge a massive 12% on services - an increase in taxation of more than 100% with no, repeat, no change in anything I or my clients do!
The same goes for architects, accountants and other professional services - every one of them has to charge an extra 7% - and guess who will pay?
The only benefits are for big businesses that can flow through the costs to their customers!
This doesn't even begin to cover my outrage with this Hansen Sales Tax, Horrible Sales Tax or whatever you call it.
The BC Liberals expressly rejected the idea of an HST during the last election - lying once again about their true intentions just like with the sale of BC Rail, the budget deficit and health care cuts.
And there has been zero, no, nada, nyet consultation with the public about even the idea of an HST - just a dictatorial imposition of an unfair tax!
I will be fighting this tax grab all the way - watch for a lot more here in the days, weeks and months ahead - and please join me!