We read every day that the global economy is collapsing. I personally think that this is a bit of a media-created crisis, but there are problems with the economy nonetheless. Yet, in typical Canadian fashion, the government of the province of Ontario, Canada has decided that this is a good time to raise taxes:
Government sources confirmed last night that today’s budget will include plans to harmonize the 8-per-cent provincial sales tax with the 5-per-cent federal goods and services tax. The sources also confirmed that the government is taking the sting out of harmonization for consumers by exempting from the new blended sales tax many household goods that are not currently subject to provincial sales taxes.
The government that too Ontario from productivity and surplus to "have not" province has now decided that the best time to beat people is when they’re down – for their convenience. They promise they won’t beat you as much as they could have. But you’ll still pay more and get nothing in return.
Only in Canada you say? Pity.
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