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Sp0r3 · 05-24-2011, 05:14 PM

I totally understand the principles of HST which makes it a better than the GST/PST system we had before (in theory). But think about this. The current business owners who requires to pay the intermediate taxes are now free from the burden of extra costs. Will those savings be passed down to the consumers? I think not. Business owners are there to maximize their profit. If the consumer are willing still pay the same price as they did before the HST, the owners will not lower their prices. Which means business owners will get extra profit (as it reduced their cost). So how will the HST help reduce the burden of consumers? The answer is none. In the end, consumers get the short end of the stick and business owners get the red carpet treatment.

05-24-2011, 05:14 PM	#28
Sp0r3 Ready to be Man handled by RS! Join Date: Apr 2008 Location: Vancouver Posts: 93 Thanked 5 Times in 5 Posts Failed 0 Times in 0 Posts	I totally understand the principles of HST which makes it a better than the GST/PST system we had before (in theory). But think about this. The current business owners who requires to pay the intermediate taxes are now free from the burden of extra costs. Will those savings be passed down to the consumers? I think not. Business owners are there to maximize their profit. If the consumer are willing still pay the same price as they did before the HST, the owners will not lower their prices. Which means business owners will get extra profit (as it reduced their cost). So how will the HST help reduce the burden of consumers? The answer is none. In the end, consumers get the short end of the stick and business owners get the red carpet treatment.