How convenient, the government introduces a new HST tax on us, and all of a sudden there's money to back the shortfall in the Pension Benefits Guarantee Fund? Don’t you just love politics? Imagine if they just told us, “we screwed up and everyone who is expecting an easy retirement can just forget it, and go find a part-time job or start a small business to make up for the pension shortfall.” At least this way our economy might do better. It just proves that you can’t depend on your government to take care of you during retirement and why they say "taxes are inflation in disguise." Whether you call it taxes or inflation, when a country's economy is run amuk, for centuries people have fled to gold as a safe haven. GCC
Saturday, March 27, 2010
Ontario budget: minor HST sweeteners, $500 million for Pension Benefits Guarantee Fund.
How convenient, the government introduces a new HST tax on us, and all of a sudden there's money to back the shortfall in the Pension Benefits Guarantee Fund? Don’t you just love politics? Imagine if they just told us, “we screwed up and everyone who is expecting an easy retirement can just forget it, and go find a part-time job or start a small business to make up for the pension shortfall.” At least this way our economy might do better. It just proves that you can’t depend on your government to take care of you during retirement and why they say "taxes are inflation in disguise." Whether you call it taxes or inflation, when a country's economy is run amuk, for centuries people have fled to gold as a safe haven. GCC
