Tax And Gouge Liberal

In this time of economic uncertainty the McGinty government wants to impose another set of taxes on the people of Ontario. First it was the announcement in the 2009 Ontario Budget that his government would harmonize the PST adding 8% tax onto every single good and service that is currently PST exempt.

This is a cash grab of unprecedented proportions from the guy that said he wouldn't increase taxes!

Then McTaxation decides he wants to go ahead with a Cap and Trade system for Carbon emissions. The speculation that increased costs for industry "could be passed on to taxpayers" is laughable. What on earth is speculative about it!!! Do the mental midgets in Queens Park believe for one second that a businessman is not going to pass this increased costs onto the consumer?!?!?

"A cap-and-trade system places a ceiling on greenhouse gases and lets participants buy and sell emissions permits within that cap. Those who don't meet the emissions targets can buy credits from others with a surplus instead of lowering their emissions."

This is nothing more than a wealth distribution scheme. Which is to say distributing your wealth into the government's coffers. I am willing to bet that every single one of these transactions will be subject to the new HST... How much money will this net the Tax-drunk Liberal Government of Ontario.

I'm going to don my soothsayer hat for a moment...

When... WHEN (not if) Ontario business' pass this new carbon/production penalty onto consumers I expect the McTaxation Government to lambaste them for "taking advantage of the consumer" or/and for "forcing the innocent consumer to pay for their waste and polution"... Crank up the spin machine... It's going to be a doozy!

Now for an examination of the Win, WIN, WIN, WIN situation these new taxes represent.

• Company A (a logging firm) is assessed as being in violation of its Carbon cap. So that business buys Carbon credits from CompanyB (some "carbon nutral" business)... Cha-Ching! McTaxation gathers his carbon cap loot... Win
  

• Company A having been forced to pay for Carbon raises the price of his lumber which he sells to Comapny C (the building supply company)... Cha-Ching! McTaxation gathers HST loot... WIN
  

• Company C having been forced to pay more for the lumber passes that cost on to Company D (the home builder)... Cha-Ching! McTaxation continues his taxation-extraviganza gathering in more HST... WIN *note that this would happen with almost every product that goes into a house or other product.
  

• Company D having been forced to pay more for the materials used to build the house passes that increased cost onto the consumer... CHA-CHING!!! McTaxation gathers the biggest payoff yet because not only does he get more taxes because the house costs more but this is actually a brand new taxation stream for his Tax-adicted government... New construction used to be PST exempt!!! WIN

NB* Even with the market in a downturn the median price of a home in Ontario is $275,000. That represents a tax-gouge of $22,000 for every new home sold in Ontario. Last month in the GTA alone 1880 new homes were sold.* That would mean a grand total of $41,360,000 dollars from ONE city, ripped out of this provinces economy (your pocket) and stuffed into the McTaxation government's greedy cake-hole.

McGinty is about to castrate this province's economy worse than Bob Rae's NDP did.