Thursday, February 20, 2014

This Day In Snookland...Who Even Needs An HST?


The other day we noted that even an apparent dyed-in-the-new-wool conservative by the name of Rick Peterson can see the Snooklandian's never ending MSP premium increase for what it really is - the worst kind of regressive tax grab.

But that's nothing compared to this, as noted by Rob Shaw in the VSun:

Tuesday’s 2014-15 provincial budget predicted $8.9 billion in net income by 2016-17 from Crown corporations to help the Liberal government balance its books.

That includes $1.23 billion in dividends from BC Hydro over the next three fiscal years, and $480 million of “excess optional capital” from ICBC during the same period...

And where is all that revenue coming from?

Why from tax.....errrrr....rate increases, of course!

ICBC raised basic insurance rates by 4.9 per cent in November, and Hydro rates are set to go up 28 per cent over the next five years, adding hundreds of dollars to the annual bills of most British Columbians...

I'm telling you.

Sometimes it really does seem like Martyn and Gordon are still crouched behind their shiv-laden curtain hidden beneath the gossamer-winged shroud of the puffed-up punditry while the cronies out back continue to feverishly carve up the carcass of the middle class with impunity.

Or some such thing.



Anonymous said...

Back-flip Johnny tells is like it really, really is.

Scroll down to #12. Breathtaking retrospective chutzpah no?


Hugh said...

Govt predicts surpluses for this and the next 3 years. Yet debt expected to rise by $billions over this period. Is this a new type of accounting?