I think I've heard enough. I have no doubt all levels of government and its policies are going to kill a lot of otherwise viable businesses in the city and province. A few more restaurant owners and other business owners were on the radio today describing the increases they are facing. Liquor tax, minimum wage, payroll tax, and even more idiotic property tax increases are the first ones mentioned.
The down turn in sales is totally manageable. You can be hopeful that things will improve and customers will come back. But the layer upon layer of tax increases and a carbon tax that hasn't even begun yet take away that hope. It's not going to get better. It's just going to get more difficult. So people aren't going to do it anymore. No one realizes there is a market limit to the amount of tax you can charge. No one is going to pay $30 for a burger.
But as Rachel says, this is exactly what we voted for.
I still don't get why it was a bad time to tax oil and gas businesses more via royalties but it's a good time to tax everyone else's business. I guess the people on that panel review board had some brains.
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