A temporary cut to the PST is pretty strong economic policy during a pandemic where demand is likely to be very sapped. 1/4
Basically anyone planning a major purchase has incentives to bring this purchases forward to the present time because there is a real and known price to waiting.2/4
So, you get all those who are able to spend, spending - creating jobs locally because spending the money in other jurisdictions is hard to do and tax disadvantaged.3/4
In short - the choice to temporarily forego PST brings forward demand creating jobs AND boosting income taxes. 4/4 #bcelection2020 #BCLiberals #PolicyPoints

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More from @AwaitingJuno

Oct 4, 2020
Another major election issue: ICBC and no fault insurance. Most people really don't know the nuts and bolts of the proposed changes to insurance and may not understand how the new no-fault model may fail to meet their needs. 1/9
The headlines are attractive - Lower Premiums! Increased Wage Loss Payments! Increased Treatment Payments! Indeed, some of those changes are sorely needed but they come at a tremendous cost. Here's what you need to know about no fault. 2/9
1. Drivers at fault for a crash receive the same benefits and compensation as those who are not at fault for a crash.
2. Your wage loss is capped at a maximum of $1200 per week. If you make more than about $90,000 gross per year, you'll be out of pocket on your wage loss. 3/9
Read 9 tweets
Oct 4, 2020
The Vacancy and Speculation Tax, while well-intended fails and will continue to fail to meet its objective while having unfair unintended consequences. It needs to be revamped in order to meet its objectives while being fair to British Columbians and Canadians.
A person having a primary & a secondary residence is not the core of the problem. Thinking it is or was, is part of the reason why this tax as a policy deserves an F. At it's core it's an envy tax, at its core it's not designed to solve the problem (providing affordable housing).
In short the government has been lazy in thinking about the problem (lack of affordable housing) and in thinking about the solution (the speculation and vacancy tax). And as a result housing is till unaffordable, although government coffers are better off.
Read 9 tweets
Mar 22, 2020
1/ We're messing up our economic response to this crisis in a very big way. It's imposing economic trauma that could have been largely mitigated and is overwhelming public systems. The government has basically imposed an EI based system of supports.
2/ In part its because basic income proponents (no offence as many of my friends are big on BI approaches) have hijacked the issue. So this means that in order to get the relief proposed, people must first be laid off. This has resulted in 500,000 EI claims in one week.
3/ However, what many people don't know is that this forces employers to lay off, and incur fairly large costs with respect to compensation for length of service liability (severance).
Read 18 tweets
Mar 22, 2020
1/n We need to decisively demonstrate we are 100% behind our frontline healthcare workers - we must meet their needs without hesitation or question. We must put in place things that make doing what they do a little easier a few ideas:
2/n Childcare. We must redeploy our childcare workers to healthcare providers, and this should be done without cost to them and with immediate effect. If we were going to pay EI to these displaced workers anyways, it strikes me as a small cost in a large fight...
3/n Food. We must feed our front line while they are working more hours. Redeploy chefs and cooks who have been displaced - and again this should be done without cost.
Read 9 tweets

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