New BC Political Discussion - POST BC Election 2017

[misher]

Originally Posted by Sheba

A luxury tax is very similar to a consumption tax. I doubt you'll find many people on here crying because someone who wants to buy a luxury car now has to pay more for it.

Your focusing on the person purchasing the luxury car. What about the people selling the car who are now unemployed or bankrupt because sales are dead because of your tax that only raised an insignificant amount of money?

The receptionists they had to fire had families, as did the janitors, car lot boys, salesmen, etc. Those businesses contributed to our economy and labor market. Some people have worked in those businesses their whole lives.

What if the government targets your business next because they don't like your clientele? They've already cracked down on private health care, construction, rental, gambling, and real estate. Whose business is next? What will happen to our unemployment levels that were at their lowest ever? Where will the taxes come from that pay all the social programs?

Our economy is interconnected like a spider web and if you start breaking pieces off with no research based on the perceptions of people with little to no economic or business education you risk it all coming tumbling down.

I'm not against social programs, but I am very frightened that the NDP does no economic research before putting things in. We're in the 21st century, we have so much history and research to draw upon. We're supposed to make educated decisions, not just wildly flail about. I'm not saying no NDP, I'm saying intelligent NDP. Push them to do research to backup their measures showing we will benefit long-term from it as a whole. History has shown complete socialism does not work! That socialists need to consider the economy before putting measures in lest they kill it and need to retain some capitalism to keep us above water.

A nice quote below here:

Jim Flaherty warns of economic collapse under NDP
“For those few remaining small businesses the NDP does not propose to outright nationalize, the NDP policy resolutions would reduce them to wards of the state with stifling government control and bureaucratic red tape,” he said.

“Considered in their totality, the NDP proposals would fundamentally change Canada from a market-based democracy to one resembling a command-economy socialist state — like those that so spectacularly failed in the last century.”

He said the party would “erect an isolationist wall around Canada” if trade agreements were ripped up and the economy would further erode if resolutions to hike personal income and business taxes, eliminate tax credits for families, impose a tax on financial transactions were imposed.

https://ottawasun.com/2013/04/10/jim-fla...wcm/39f169b9-2b66-4dcc-aa98-7272de9d9440

A similar situation to here happened in Alberta in 2015. Remember that the Real Estate Industry in BC contributes more to the economy than the Oil industry in Alberta so what will happen to Real Estate may mirror the 2015 oil crash.

NDP to table largest deficit budget in Alberta history as provincial revenues plummet with oil prices
Non-renewable resource revenue was projected to fall from $8.9 billion to $3.6 billion this year. One economist called the situation 'very dire'

https://nationalpost.com/news/politics/n...vincial-revenues-plummet-with-oil-prices