HST promises same old story

News Sep 25, 2009 Ancaster News

Re: HST will remake Ontario’s economy, says McMeekin, Aug. 24 The News

This article states, “but for most items, prices should drop because businesses, officials hope, will pass their tax savings onto customers.”

Ha! Ha! Have we forgotten that the same thing happened when the GST was introduced? When the hidden 13.5 per cent Manufacturers’ Sales Tax was replaced by the GST, prices should also have gone down. They most certainly did not. When we switched from buying gas by the gallon to the litre, did businesses reduce the price by the correct amount? Definitely not. The drop was minimal (remember we used an imperial not a US gallon) and fleeting. It was not long before what we paid for a gallon was what we were paying per litre.

Believe me, history will repeat itself.

Ed Chong, Ancaster

HST promises same old story

News Sep 25, 2009 Ancaster News

Re: HST will remake Ontario’s economy, says McMeekin, Aug. 24 The News

This article states, “but for most items, prices should drop because businesses, officials hope, will pass their tax savings onto customers.”

Ha! Ha! Have we forgotten that the same thing happened when the GST was introduced? When the hidden 13.5 per cent Manufacturers’ Sales Tax was replaced by the GST, prices should also have gone down. They most certainly did not. When we switched from buying gas by the gallon to the litre, did businesses reduce the price by the correct amount? Definitely not. The drop was minimal (remember we used an imperial not a US gallon) and fleeting. It was not long before what we paid for a gallon was what we were paying per litre.

Believe me, history will repeat itself.

Ed Chong, Ancaster

HST promises same old story

News Sep 25, 2009 Ancaster News

Re: HST will remake Ontario’s economy, says McMeekin, Aug. 24 The News

This article states, “but for most items, prices should drop because businesses, officials hope, will pass their tax savings onto customers.”

Ha! Ha! Have we forgotten that the same thing happened when the GST was introduced? When the hidden 13.5 per cent Manufacturers’ Sales Tax was replaced by the GST, prices should also have gone down. They most certainly did not. When we switched from buying gas by the gallon to the litre, did businesses reduce the price by the correct amount? Definitely not. The drop was minimal (remember we used an imperial not a US gallon) and fleeting. It was not long before what we paid for a gallon was what we were paying per litre.

Believe me, history will repeat itself.

Ed Chong, Ancaster