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	<title>Comments on: Premier McGuinty Denies Trenton HST Tale</title>
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		<title>By: Graham</title>
		<link>http://www.quintenews.com/2010/07/premier-mcguinty-denies-trenton-hst-tale/#comment-2118</link>
		<dc:creator>Graham</dc:creator>
		<pubDate>Wed, 28 Jul 2010 12:31:08 +0000</pubDate>
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		<description>HST&#039;s promise of lower prices and more jobs is bogus. In a dream world where everyone is looking out for the common good it may work but it won&#039;t work here. 

Example, Greed/necessity: If you are running a company and selling a product while making a small profit selling it for $100. When HST came in it in theory will eventually lower the cost of the item from your supplier that you are selling for $100. So that item may cost you 10% less (for arguments sake). You need/want that extra 10% per sale to keep your life style or afford that new something so you don&#039;t lower your price, you keep the new found money for profit (or to pay the increased utility costs). Now you make your normal profit + the new found profit since you supplier sells for less (in a perfect world). Prices won&#039;t go down, prices won&#039;t slow down when increasing, people will keep the money as profit (corporations especially).

From the job creation side of things.... its all about profits again. Why would a company producing X quantity of goods for Y dollars hire more people to make the same X quantity of goods? They won&#039;t. They want the profits.

Just my take on HST. I may be misinformed.</description>
		<content:encoded><![CDATA[<p>HST&#8217;s promise of lower prices and more jobs is bogus. In a dream world where everyone is looking out for the common good it may work but it won&#8217;t work here. </p>
<p>Example, Greed/necessity: If you are running a company and selling a product while making a small profit selling it for $100. When HST came in it in theory will eventually lower the cost of the item from your supplier that you are selling for $100. So that item may cost you 10% less (for arguments sake). You need/want that extra 10% per sale to keep your life style or afford that new something so you don&#8217;t lower your price, you keep the new found money for profit (or to pay the increased utility costs). Now you make your normal profit + the new found profit since you supplier sells for less (in a perfect world). Prices won&#8217;t go down, prices won&#8217;t slow down when increasing, people will keep the money as profit (corporations especially).</p>
<p>From the job creation side of things&#8230;. its all about profits again. Why would a company producing X quantity of goods for Y dollars hire more people to make the same X quantity of goods? They won&#8217;t. They want the profits.</p>
<p>Just my take on HST. I may be misinformed.</p>
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