Sunday, August 28, 2011
BC votes NO on HST
In BC the results of the referendum came on Friday. 55% of BC residence voted to eliminate the young new HST while 45% wanted it to stay. That is much closer than I imagined. I knew BC would vote no on the tax thought it would be more like 67% 33%. I thought this because the people who are really against were energized to vote against the tax, but it seems the tax has been more popular over the course of time, and quite frankly I think one more year in and the HST would be popular enough to not have enough people sign a petition to vote on the tax., but the Liberal BC government has decided to move to eliminate the HST. What a shame! The HST actually helps the economy and is revenue neutral. B.C got 1.6 billion dollars for moving to the HST and is going to have to give it back now, because Harper isn't going to give BC money for doing nothing. B.C lost out on this referendum. 113,000 jobs were predicted to be created over 10 years because of the new HST, And companies would have been more competitive and have a better bottom line, and consumers would see the difference. My take BC should have kept the HST regardless of the vote. Being a leader means doing something that is right versus doing something that is popular.