Campbell's HST Illusion
The U of Calgary paper supposed to support the tax is full of holes and wishful thinking.
Cartoon by Ingrid Rice.
On July 1, 2009, France reduced its value added tax (VAT -- the equivalent of our GST or HST) on restaurant meals from 18.5 per cent to 5.5 per cent. They did that because they accepted the evidence that the tax on restaurant meals kills jobs; they expect 40,000 jobs to be created as a result of cutting the tax.
Why does Premier Campbell think that economics work differently in British Columbia?
If you can answer that question you might also know why he would say one thing before an election and do the opposite after the election.
This week's PR blitz
Finance Minister Colin Hansen was almost laughed out of the room when he told reporters that money from the HST would be earmarked for health care. On March 6th, Vancouver Sun columnist Vaughn Palmer wrote: "By the end of this week, even Hansen was admitting that the move to link the HST to health care was mainly an exercise in public relations."
Not to be deterred by its failed public relations exercise, Monday the Campbell government released a propaganda sheet that it tried to spin as an economic study. The 13-page paper by Jack Mintz of the University of Calgary's school of public policy claims that over 10 years, the HST "is expected to increase the province's capital stock by more than $14.4 billion and add 141,000 new jobs." The words "is expected to" are significant because Mintz's claims are nothing but wishful thinking, not backed up by any testable hypotheses -- no model, no estimation techniques, no standard errors of the estimates.
Mintz argued that: "When maximizing the value of their shareholders' equity, businesses will invest in capital until the marginal return on it is equal to its cost." As the recent financial mess around the world demonstrated, it is arguable whether large corporations maximize shareholders' equity, but that is not the biggest hole in the Mintz paper. He maintained that by lowering the marginal effective tax rate (METR) on capital, more projects will be attractive for business investments. Despite a few footnotes about assumed capital-labour substitution and the risk of changing federal policy, there is nothing in his paper that spells out how he arrived at estimates of precisely $14.4 billion in investment over 10 years and 141,000 new jobs.
Questionable claims
Mintz failed to put his unsubstantiated estimates in the context of B.C.'s traditional investment and job growth so readers could tell whether his numbers are significant and thereby judge whether they justify shifting $2 billion a year from businesses to consumers. Note that in the absence of inflation that would be a shift of $20 billion over 10 years to justify investment of $14.4 billion; if Mintz is right, consumers could do the investment themselves and be almost $6 billion ahead.
Back to the context for comparison: at 2 per cent annual employment growth, B.C. will add more than 390,000 in the next 10 years. Mintz is claiming that the HST will boost that by 36 per cent. That strains credibility when we know that jobs will be lost in the hospitality sector because of the tax. As for investment, over the 10-year period ending in 2008, businesses invested $97 billion in machinery and equipment in B.C. and $82 billion in non-residential structures, so Mintz is claiming that if the next 10 years are the same, business investment would increase by 8 per cent. For those who are here 10 years from now, it might be challenging to separate the effect of lowering the METR from the effects of changing interest rates and commodity prices.
Missed chance to study consequences
Before committing to the HST, B.C. had the opportunity to study the consequences of eliminating the provincial sales tax on production machinery and equipment. Instead of commissioning Mintz to produce his paper, the Campbell government might have attempted to analyze its own tax experiment. The Campbell government eliminated the PST on "production machinery and equipment" in 2001.
I submitted a freedom of information request asking how much tax revenue was foregone for each year since that exemption and for any documents that discuss estimates of changes in investment as a result of the exemption.
On Oct. 30, 2009, I received an answer saying: "Pleased be advised that the Ministry has no records responsive to your request. Budget 2001 estimated the cost of the exemption when first introduced but the cost has not been estimated since because it is not part of the Tax Expenditure Survey."
Before embarking on one of the largest tax shifts in B.C. history, one might think that the government would have analyzed whether its initial experiment in stimulating investment worked or not, instead they hired Mintz to write a propaganda sheet.
Overselling the benefits
It is probably true that lower taxes on investment means more investment, just as it is true that higher prices on restaurant meals means fewer meals. The trick is in determining how much. There appears to be good evidence that restaurant meals purchased decline by 1 per cent for every 1 per cent increase in price. There appears to be little or no evidence on how business investment responds to changes in taxation, but most economists would acknowledge that interest rates and commodity prices are likely to be far more important than marginal tax changes.
There doesn't appear to be any provincial public opinion polling in the works that will allow us to measure whether the Liberals enjoyed a post-Olympic bounce or whether the public is buying their political spins. It may be the fall before the spin is tested, after folks see what the HST does to the price of lunch and a cup of coffee. ![]()



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Skywalker
1 year ago
Excellent David!
Love the cartoon. Do you think it will be used in the Sun or Province?
Whiskey River
1 year ago
Jack Mintz tha flip flopper
Jack Mintz said completely different things in 2008...
Such as..In refering to Ontario adopting the HST.
Jack Mintz said in 2008.
38.000 lost jobs...Consumers prices will rise.
Job losses to stabilize in the fifth year after implementation.
Negligible impact on jobs after 10 years.
Wages lower after 10 years,mainly due to higher cost of consumer goods and services.
But he did say...It will be good for business,but we already know that.
It seems for 12,000.00 $ 12 thousand dollars Jack Mintz has changed his mind.
Amazing, 113.000 jobs..11 bilion in new investment..Such an indepth report for the paltry price of 12,000.00$..A "Faith based report"
For more on Jack Mintz.
http://powellriverpersuader.blogspot.com/2010/03/hst-shell-game-continues.html
One more thing..Jack Mintz uses Atlantic Canada adopting the HST as a comparitor...That is a fraudulent comparison..Atlantic Canada had 4 points knocked off their combined rate.
We are not,Jack mintz gets a big fat F...Amateur.
circle A
1 year ago
BC business`s
seem to approve of the campbell regime,for that reason i have been boycotting plenty of bc liberal friendly firms and products,havenot purchased a bc wine for years,any pattison co. yvr, sun, province paper. there`s plenty ofother options.
crankypants
1 year ago
Credibility
Anyone can hire a stooge to do their dirty work, and the team of Campbell and Hansen found theirs in Prof. Mintz. The only credible about his report are his incredulous assertions.
zalm
1 year ago
whiskey river
Your best work to date. Thanks.
Grumpy
1 year ago
More and more..........................
............I have come to believe that the Campbell Liberals are nothing but first class confidence tricksters who treat the taxpayers as gormless rubes, ready to have their wallets picked.
Gordo is not a businessman (I doubt he understands the fundamentals) but a numbers man, who can manipulate something from nothing.
Abetting Gordo is James the 'Village Idiot' who pretends to be the leader of the opposition and she is so weak, one wonders if she is in on the scam.
If the taxpayer wants change, I'm afraid the only option is to blow up Parliament and start over, as there is nothing, no one worth saving.
cfvua
1 year ago
Mintzed words
MIntz obviously will write what anyone pays him to. As in reccomending a oil and gas royalty reductions in Alberta in order to get procucers working again. Why wouldn't he encourage BC and Saskatchewan to move up with Alberta to keep a level playing field? Most producers are very top heavy so cuts in the top floor would be more to the point. Meanwhile back on the HST, would his writings be subject to HST or just GST as I assume he lives in Alberta. Even Campbell will try to avoid the HST by purchasing out of province. Just one more Alberta advantage brought to you by BC's liberals.
Dan the socialist
1 year ago
I wonder how many jobs will
I wonder how many jobs will be lost in the Restaurant Industry? people still have to eat but will they stop going out and cook at home instead? Restaurant meals will cost 7% more on July 1. Or will there be a brief slow down then it recovers back to normal? Are the restaurant owners fear mongering? They get to pay the lowest minimum wage in the country, so another 7% should not be that much of a hardship.
When the GST originally came in were there job losses?
I also find it hard to feel bad for the restaurant industry as they were the ones that wanted and got Campbell to bring in the $6 hr min wage for first 500 hours when people start working and have kept the minimum wage down to where it is lowest in the country at $8 an hour, even in Ontario it will be $10.25 hour April 1...
I hate the HST but I do not buy Restaurant owners and associations fear mongering. Sure 7% may stop some people from dining out but they still get to pay employees the lowest wages in Canada..
Barryeng
1 year ago
I've noticed
One big thing that I've noticed in all of these recent blogs, is that more and more people are moving from being philosophically disapproving of Campbell's shennanigans to being openly and voluably disgusted with them. Cases in point would be Fiat Lux and Dan the Socialist. Both are moving from "they are wrong" to "The as**holes" are destroying the province. They are indicative of the general tone of most commenting people (including me) these days.
If there is anyone in Campbell's office that watches thes blogs, or if they care at all, they should tell their leader that the tone of the Province is getting more and more disgusted with every move he makes.
Whiskey River
1 year ago
High praise indeed
Thanks Zalm.
The point being is....After 10 months of the HST proposal,if this is the very best Gordon Campbell can come up with to convince us..
It means the HST truly is a fraud.
Incidentally, it was announced yesterday that the Chevron refinery in Burnaby is laying off 250 employees,and, over the next year Chevron announced curtailing spending by $1 billion dollars.
Haven`t they heard, all is good,the HST is coming to BC...Shouldn`t they be hiring?
The fact is friends, hiring,jobs,commodity prices are what drives those things,if copper prices fall,zinc prices fall,lumber prices fall, the HST will mean nothing.
The case hasn`t been made.
And I will leave you with this, our world competitors for natural resource sales, if BC started attracting the extractors from other countries, what would stop those other countries from uping the ante, they go lower,such as the fools game with the movie industry tax credits..Started again by who?
By Dalton Mcguinty(Ontario Liberal Premier) ...The race to the bottom.
Cheers
Dan the socialist
1 year ago
seem to approve of the
seem to approve of the campbell regime,for that reason i have been boycotting plenty of bc liberal friendly firms and products,havenot purchased a bc wine for years,any pattison co. yvr, sun, province paper. there`s plenty ofother options.
Then why are you here? Do a search up top for '24 hrs' which is owned by pattison and you will see they and the tyee are 'close'..
RickW
1 year ago
Everything Liberal Will Make a Profit!
For the same reason he insists the Winter Olympics will turn a profit....?
freebear
1 year ago
I always thoughts that the Liberals were illusionists!
Abra ca dabra!
seth
1 year ago
Most famous graduate - Harpo
University of Calgary is little more than a typical neocon prairie bible college that has latched on to the completely discredited Milton Friedman Chicago school of economics - those folks that brought you the recession and are fighting hard to keep us in it.
Harpo has got his little mickey mouse diploma from the place. Explains a lot.
Noggy
1 year ago
Do I laugh or cry ?
Whats with us Canadians, do we have a desire to bury ourselves in the mud, because we sure like to wallow in it.
MacKenna
1 year ago
"Analysis" from a no-sales tax province
I'd like to see Jack Mintz of the University of Calgary sell his hypothesis about the HST to Albertans. Even during the recession, that province never considered imposing a sales tax. But what's not good for the goose is terrific for the fools in BC who continue to believe Campbell's a liberal and not what he really is: a neocon.
In practical terms, I will be cutting back consumption in BC and anything I need to buy, I'll do so in Alberta on my travels there. I already avoid eating in restaurants and will be cutting back even more.
BC Boy
1 year ago
David Schreck's take has holes in it.
Doesn't take a PhD to see the holes in the Mintz report. Many of the positions taken by Mintz are questionable.
But then Schreck himself has in the past been totally blind to reality. He was a political hack during the Glen Clark government and during the days of the Fast Cat fiasco. One wonders if he charged his PhD neurons during that time and told Clark the fallicy of the project.
But then again he was front and centre to a leadership campaign to Ujjal who ended up being premier for a short time, and then dedcided to jump ship and swim over to the federal Liberals.
and the NDP supporters? WOnder how they will react if the NDP is elected government and the HST is still there? The NDP has never stated they would remove the HST once elected.
But enjoy the propaganda from both the Liberals and the NDP kids.
Skywalker
1 year ago
After the first paragraph...
...which sounds quite rational in tone the writer goes back to the same old tactic. All the rest of the piece is about the slamming the writer of the article for positions taken a decade ago. Really relevant stuff and the kind of thing I would not expect even from a student in junior high school. I haven't missed that for a while.
Common sense tells you that once the HST is in place it will be very difficult to repeal it. On can only tinker with the number of items taxed or find ways to make it less of a burden on the average person. It is like Free Trade. Getting out is not as easy as avoiding it in the first place. That doesn't mean it is a good thing, it means you have to play the hand dealt.
That is why you have Bill VanderZalm and the Fight HST campaign going on now. My kid understands that.
G West
1 year ago
Please BC Boy
Where are the holes?
I don't see a single point of argument in your post - either in support of the HST and Mintz's claims or in opposition to Schreck's reasoning.
That's actually what 'debate' and argument is all about.
stellabloo
1 year ago
My first thought ....
.... when I heard this on the news last night, was "and who paid for that study?"
"Hapless twits" is about right - since the only opposition on the BC political scene would be Carole James (ha!) Bill Vanderzalm (double ha!) and Marc Emery (mwahahaha - but is being extradited to the US), the Liberals are free to do whatever they want.
You can go and protest and write nasty letters and the Liberal majority is probably goint to shrink with each election but my bet is that Campbell will retire with style - if and when he chooses to retire and if he doesn't just flap off to his bat cave or melt into a shrieking puddle of goo when struck by the direct rays of the sun.
The Liberals don't have to put lipstick on this particular pig to shove up our collective ass - or something like that.
BC Boy
1 year ago
Vanderalm? Now there's an illusion
"...which sounds quite rational in tone the writer goes back to the same old tactic. All the rest of the piece is about the slamming the writer of the article for positions taken a decade ago. "
Well not bad, but Campbell's drunk driver incident
happened in the past too.
Then there was all of the things that VanderZalm
got himself in trouble with.
Schreck's actual position on the HST would be interesting to know since his self-promoting article is just one academic being critical of another.
"Common sense tells you that once the HST is in place it will be very difficult to repeal it."
Bit of being hypocritical there. There's demand not to place the HST in now, but these same critics will not go after the NDP should they become government to repeal it.
Anything can be repealed if there is the political will to do it.
"On can only tinker with the number of items taxed or find ways to make it less of a burden on the average person."
and who would define average person, at the expense of others? Makes more sense to remove it
rather than spend money on adminstration to accomodate "average persons".
That is why you have Bill VanderZalm and the Fight HST campaign going on now. My kid understands that."
Sure. Something that isn't going to acheive the goal led by a disgraced Premier who was at the time hated far more than Campbell is now.
People are getting suckered into VanderZalm because of his personality and media attention.
The anti-HST campaign led by VanderZalm will earn him his self-promotion on TV, but the overall goal
of preventing the HST from being implemented is just not going to happen unless there is a majority vote in the legislature (be it a BC Liberal or NDP government) to do so.
Fact facts. the NDP will continue on with the HST
despite many left wingers drivel.
Question your NDP MLA as why they would NOT place a private bill in the legisature should their party become government to repeal the HST.
They - should they become govement - will have the power to repeal the HST.
If they don't show that they will repeal the HST once in government, they will be hypocrites just like the Chretien Liberals were when it came to the GST.
Whiskey River
1 year ago
BC Boy
[COMMENT DELETED. -MODERATOR.]
Skywalker
1 year ago
Apology.
I made the mistake of responding to BC Boy's post above in a rational way. Unfortunately we see another attempt by him to hijack this discussion by bringing in a lot of irrelevant issue that have nothing to do with David Schreck's article. It is impossible to carry on a discussion with someone who when told his references are decades old and irrelevant, comes up with more references decades old thinking that is a rebuttal. So let us all agree that his posts are not worth a response. It is like debating with a 5th grader in any event. Call it my news years resolution regardless of what he tries to call it. I'm starting to miss R/man and Wilf.
G West
1 year ago
Skywalker
I don't disagee.
Send me an email if you have a moment:
freebear
1 year ago
Welcome to BC.....
Land of Supernatural illusions!
BC Boy
1 year ago
it's inevitable, just a matter of when. No big deal.
You said one thing correct,sort of..
"WHEN THE BC NDP ARE GOVERNMENT"
The tide has turned.
Not really. It's statistically inevitable, given
the current state of the BC Liberals, and unless
another quasi-conservative/liberal party comes to replace the BC Liberals, which isn't likely, the NDP will at some future time become government.
The thing that would prevent such a thing is a leadership replacement and catering to the concerns of the voters rather than the political hacks. The NDP got into major trouble after 1996
and paid the price, so may it be true for the BC Liberals. BC Social Credit? Same thing in 1991,
and previously in 1972.
A person has to be a real fool to believe their party is invincible from being tossed out.
That is more pragmatic thinking rather than the baseless blind loyalty many BC Liberal hacks have.
[EDITED. -MODERATOR.]
BC Boy
1 year ago
Lots of 5th graders in here.
"I made the mistake of responding to BC Boy's post above in a rational way. Unfortunately we see another attempt by him to hijack this discussion by bringing in a lot of irrelevant issue that have nothing to do with David Schreck's article."
oh? What about the author himself? Schreck has quite a political pundit record.
"It is impossible to carry on a discussion with someone who when told his references are decades old and irrelevant, comes up with more references decades old thinking that is a rebuttal. "
Oh? and the constant going on about Campbell and
what he did quite a few years ago?
"So let us all agree that his posts are not worth a response."
Sure. But you already responded so where does that place you?
"It is like debating with a 5th grader in any event."
Sure. Some of the comments from the left wingers here wouldn't pass 5th grade.
Call it my news years resolution regardless of what he tries to call it. I'm starting to miss R/man and Wilf.
Boo hoo.
Listen Clyde. This is supposed to an opinion column for all points of view, right and left. If you don't like what I write, don't respond to it,
as your friend Garth West has attested to many time
Whiskey River
1 year ago
Jack Mintz
Jack Mintz has zero crediblity, bringing up past CRIMINAL OFFENCES are relevant,they are relevant on job applications,bond issues.
And credibilty,the fact that Gordon Campbell is EDITED FOR LEGAL CONCERNS -- TYEE EDITOR
Jack Mintz`s own words prove that.
BC Boy, na na na na na is not much of an argument,but standard fare for the few remaining BC Liberal supporters.
And a word of advice, it`s becoming quite tiresome reading duplicate posts when you take everyone`s ENTIRE POST and fill in with a na na na na na.
BC Boy
1 year ago
One goes with the other
"Jack Mintz has zero crediblity, bringing up past CRIMINAL OFFENCES are relevant,they are relevant on job applications,bond issues."
And so is the history of the applicant, sport. In this case, I was pointing out to the left wingers,
Schreck's adventures within the Glen Clark government and his activities with the Dosanjh leadership campaign.
"And credibilty,the fact that Gordon Campbell is an Habitual Liar, which has been proven in court,such as the HEU supreme court case,selling BC Rail,HST lie,deficit lie,and cheating on his ex-wife Nancy(IMO and everyone in the province opinions)."
A half point awarded there.
"So when Gordon Campbell ultimately appears before a judge in an honest court,anything a Proven Compulsive Liar Gordon Campbell states in a court can be dismissed, you lie once in court,the courts have the ability to assume that any testimony from a proven Habitual Liar can be dismissed as lies."
Has Campbell appeared in front of a BC Court yet?
Cite?
"So for BC Boy to say that bringing up Gordon Campbell`s crimes is the same thing,it is not the same thing.Apples to Oranges!"
Not exactly, junior. The tie in between the two is
historical fact, not the particular subject in isolation.
"Whether or not you agree with David Shreck`s past political affiliation has no bearing at all on his assessment of Jack Mintz mis-reprensentation and flip flop on the HST."
Probably, but Schreck's assessement is also one sided, since Schreck is left wing, and it doesn't
take a Fourth year political science student to figure out that he wouldn't accept anything from the BC Liberals.
BC Boy, na na na na na is not much of an argument,but standard fare for the few remaining BC Liberal supporters."
Sorry, wrong there.
And a word of advice, it`s becoming quite tiresome reading duplicate posts when you take everyone`s ENTIRE POST and fill in with a na na na na na.
Word of advice. Wise up and forgo the "na na na" comments that are best left for the school year in elementary school.
and also get busy to help the NDP. They will need it in huge amounts.
John Corman
1 year ago
Are we alone?
Something that David Schreck did not include in his aricle was a comment on the other successful jurisdictions in the world that have a tax similar to our PST.
I suspect that the list will be very short as it is generally recognized that such a tax is counter productive.
Whiskey River
1 year ago
BC Boy
Well well well...We now know who BC Boy is.
Alex G Tsakumis. ...The enemployed ex journalist.
Yea, I should have figured it out sooner.
The lack of quality was this first giveaway.
Skywalker
1 year ago
On David's worst day...
...he can come up with an analysis that is better than anything for one of the government mouth pieces. I wouldn't matter if David was an ex con. (which I know he isn't) his political smarts dwarf any of the government political mouth pieces whose total reliance is on the CanWest Media to overlook their gaffs. That is the only reason they still look better than a pig in a suit. But not much better. As for criticism from the peanut gallery on this site, Schreck needn't concern himself. Pigs will squeal even if you throw them pearls.
Campbell's past personal mistakes may reflect on his character but his actions as Premier is what has almost everyone riled. The HST is very unpopular and even when MSM columnists are mildly critical to be gentle to the guy the bosses support, people who read their stuff know what is going on. I hear it every day in the coffee circuit. These are not rabid lefties they are moderate folks who don't always vote along party lines. The hatred for the Campbell liberals is visceral. It is also a product of all the times they have been lied to.
Both Schreck and Will McMartin have written some excellent columns on the financial shenanigans of the liberals. Most of the posts that follow are worth a good read. Unfortunately you have to wade though a lot of methane producing "stuff" to get to the good parts.
If I have a choice between Schreck or MIntz, Schreck wins. It is not even a contest. McMartin also gets my vote. Keep em coming guys!!
Whiskey River
1 year ago
AGT
I meant to say, BC Boy is Alex G Tsakumass, The Unemployed ex Journalist.
I mis-spelled unemployed.
Oops
BC Boy
1 year ago
AGT? Who is he?
"I meant to say, BC Boy is Alex G Tsakumass, The Unemployed ex Journalist.
I mis-spelled unemployed.
Oops"
Not only that, you're way off. Who is Tsakumaass?
Ain't him.
Left wingers are soo stupid..
Whiskey River
1 year ago
Well BC Boyyyyy
I don`t believe you..But you said one correct thing,"Who is Tsakumass?"
He is a nobody, a foul-mouthed hack who used to get paid, but NOT NO MORE.
One more thing AGT(I mean BC BOY)...For someone so familiar with Schreck,Clark,past governments,Vanderzalm,opinion pieces.
You should know who Alex G Tsakumass once was.
Hermans Hermit
1 year ago
Rye Whiskey River
You are awesome man. You have chutzpah. Maybe we should run you as party leader for the NDP - because Carole James is a schmoe, a real meschugena.
But it's also polite to always get someone's name right.
"BC Boy is Alex G Tsakumass"
It's Tsakumis - not Tsakumass - not Tsatsiki - not even the Tzatziki on your souvlaki.
Whiskey River
1 year ago
Herman
You forgot Tsnami.go up 6 comments.
Method to the.......
BC Boy
1 year ago
Good to get someone's name right even when its wrong.
Very laughable. Sorry boys, I'm not this Alex that you are led to believe.
But goo on someone coming to their senses and getting a hated person's last name right after several attempts.
But to the poster who would pick Schreck over Jack Minz. They're both academics, Schreck socialist and Minz most likely conservative.
So a left winger picking Schreck over Minz who has no attributed record in BC politics isn't fourth year nuclear physics.
Take your pick who to bend over for if that is what rows your boat.
If you like Schreck, sign into Schreck's Fan Club
page on his website.
Next thing to discover is that this is an open opinion column, not one solely the territory of The Left Wingies who long for the next NDP convention.
But doesn't matter. The opinion columns written here in the Tyee and other online papers are just entertainment, not really critical reading.
Amaing how the left wingers can be baited and then hooked like a tired coho like the left wingers writing here.
the NDP back in the 1980's was more challenging and fun to debate than this lousy group of left wingers, some of whom write as if they have had one too many Luckys.
zalm
1 year ago
Bwaaahahahahaaaa!
That's a lot of fun, Whiskey River. I can see BC Boy as the nom de plume of Tsakumis.... if you beat Tsakumis severely about the head to within an inch of his life, taser him a few times, hold him under water until the brain damage sets in fully, fish him out, taser him a few more times in the head, and then put him on a steady diet of potato chips and RC Cola with the occasional beer or spirits on Saturday nights in front of the blue glow in his mother's basement for a few years....
Tsakumis may be a rude and selfish little prat, but he doesn't have this kind of brain damage. BC Boy is Elliott the Iddiott come back to haunt us.
But if you want, you can let your karma run over his dogma.
Whiskey River
1 year ago
Geez BC Boy..You even spell bad like AGT
Well well well,so Jack Mintz has no BC affiliation.Really.
Jack Mintz needs more than corrections,Jack Mintz needs to retract and offer up an apology for the bullcrap!
When flawed reports are printed as truth when all they are is bafflegab retractions are in order!But,don`t expect no apologies from desperate BC Liberals,expect more fibs and false innuendos.
According to Forbes.com..Jack Mintz-As director of Imperial oil in 2008 received $69 thousand in fees and $138 thousand in stock awards.
Last year Jack Mintz urged the Alberta Government to reduce oil royalties.
According to Forbes.com...Jack Mintz as director of Brookfield asset management in 2008-Received $124 thousand in stock awards.
Brookfield asset management owns WFP Western Forest Products..Brookfield management and Western Forest Products donated over $100 thousand dollars to the BC Liberals the year Gordon Campbell illegally gave away Crown land tree farm licenses and called them private land to WFP...To which those properties are and have been put up for sale,sale for development,not logging.
If that isn`t an affiliation to BC Politics I don`t know what is! Jack Mintz is not one`s opinion that is worth diddly squat!
Next!
Whiskey River
1 year ago
Jack Mintz and imperial oil
How could this be anything but a conflict of interest?
http://andrewmcintyre.ca/2010/02/25/albertas-royalties-conventional-wisdom-and-conflicts-of-interest/
Whiskey River
1 year ago
More conflict with Jack Mintz
For goodness sakes..Jack Mintz sit on so many boards of giant corporations...How could it not be a conflict of interest.
He wrote a 14 page report urging to give massive tax breaks to companies which he sits on the board..
How could it be anything but a conflict?
http://www.calgaryherald.com/technology/Alberta+royalty+regime+ranks+last+says+report/2610132/story.html
biscotti
1 year ago
small business vs big business on HST
I won't be surprised to see a lot of small-business participation in the anti-HST petition, particularly in small town BC. Very much parallel to the Zalm-Tieleman linkage.
Our tiny local Chamber of Commerce recently noted how the BC Chamber mostly represents the interests of large corporations over those of small or micro-businesses, and the BC Chamber's support for the HST reflects this.
btw Dan, in many small towns, the restaurants are mom-and-pop operations without many staff, if any. Their role in the fragile economies of the boonies makes their surival important to all of us. Same with the tiny tourism operators.
And in terms of political affiliations, our local poll voted over 90% NDP in the last provincial election if I remember correctly. So don't assume that all business owners are Liberal supporters ;-)
sdgreen
1 year ago
Schreck is quite correct !
My political philosophy is largely centre right, and indeed did vote for the BC Liberals.
However, the BC Liberals have without question have done an admirable job of lying to the people on so many fronts, have produced totally flawed budgets, have brought in budget cuts that really to not make any sense, that if there are any BC Liberal supporters remaining, I would be very surprised.
The single most irritating thing to people is the HST issue. HST in my mind just does not make any sense at this time, nor have the BC Liberals provided any logical justification, other than to reap some money from the Feds. Now, they say they will only get a bit from the feds.
Schreck is correct when he says that the BC Liberals should have done a bunch more realistic studies on the HST issue. Professor Mintz from Calgary is all over the map with his so called analysis.
The various cuts that the BC Liberals have made as compared to capital expenditures and other Liberal spending priorities just do not make any sense. There is zero balance or logic to what they propose.
What I like about David Schrecks work is that what he says is well thought out and he quite accurately produces or provides solid backup.
Will I vote for the BC Liberals again; absolutely NOT. Would I vote for the NDP; Nope!
It would be certainly nice to find a political party that adopted a centralist platform, providing balance to address BCs issues. One that does their homework, and one that does not play favourites.
G West
1 year ago
sdgreen ...the current version of the NDP is centrist
With respect, I think you're tilting at windmills.
If you're not voting Liberal - which is great, and you refuse to vote for the only viable alternative can I blame you and people like you because nothing ever seems to change in this province.
I think we all need to look in the mirror when we consider what's really wrong with this province.
Nobody, repeat nobody, is going to come riding over the horizon and snatch your chestnuts out of the fire.
Frank
1 year ago
sdgreen
That's interesting. I'm a left-winger, I don't think Carole James is. That being said I vote for her anyway because she's certainly preferable to Campbell.
You, however, state that she's too left-wing for you to vote for and want something in-between.
In the last election half the voters couldn't find anyone to vote for so they didn't vote at all, something I assume you're contemplating next time around.
Which means the non-voting population will continue to increase and Campbell will continue to get elected.
Now all of that would be neither here nor there and could simply be chalked up to a badly functioning political system.
However, in the last election BCers voted overwhelmingly in favour of the current system of first past the post which inevitably means only two dominant parties.
I think one could honestly pose the question that its hard to figure out what BCers want.
The Dude
1 year ago
the definition of the Campbell government
Illusion
PR Blitz
Questionable claims
Missed Chance
Overselling the Benefits
Is this article the history of the Campbell government, yes it is!
DPL
1 year ago
The cartoon showed up in the
The cartoon showed up in the Victoria Times Colonist
crankypants
1 year ago
Back to the HST
When Hansen announced that BC was going to adopt the HST, he stated that these following sectors would save these amounts of input taxes:
Construction-$880 million
Transportation-$210 million
Forestry-$140 million
Manufacturing-$140 million
Mining-$80 million.
The various sectors are run by very astute businessmen/women and can only carry on the various business ventures in a successful manner by knowing the costs of every input from stationary, costs of raw materials etc. With this in mind they should be able to figure out how much their inputs will be reduced by the HST. Therefore they should also be able to give us concrete answers to a couple of very key questions.
Question number one is how much will they be reducing their rates by.
Question number two is how many more people will they be hiring.
We've heard from many economists, politicians and arm-chair quarterbacks how great the HST will be for BC, but only in generalities.
Theories are fine to a point, but history is full of failed companies that were created on a theory which subsequently fell by the wayside because their theory turned out to be nothing more than a pipe dream.
WHERE ARE THE HARD FACTS?