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Friday 21 October 2011

Canadian Government Very Concerned About Inflation, Metro Vancouver Mayors Vote in Favour of a TWO CENTS PER LITRE GAS TAX HIKE



CANADIANS LOOK FOR WAYS TO REDUCE INFLATION; WHILE OUR GOVERNMENT POLITICIANS AND TRADE UNIONS, DELIBERATELY CREATE MOST OF IT???
HOW DO YOU FIGURE?
The federal government is very concerned that the inflation rate is now 3.2 percent; 1.2 percent over their targeted two percent annual inflation rate which they love to point out-as PLANNED economic growth. Why would anyone, with any brain power, or even our "government", want to increase inflation? Is it  possible that anyone can actually BELIEVE that inflation is growth?
The surging increase is mainly due to---you guessed it--an increase in gasoline and food prices and overly high wages demanded by our VIPS--whoever or what ever THEY are.
Of course, because of increased shipping and delivery costs, high food cost and high gasoline cost, most causes of inflation-excepting  greed and overly high wages, go hand in hand. Greed and overly high are in themselves a major cause of inflation.  The higher the wages paid, and the profit made; automatically, the higher the  cost of an item, and therefore, the higher inflation.
The government of British Columbia claims to be concerned about the decrease in the number of tourists and the marked decrease in tourist spending. But, apparently it is well beyond their intellectual ability(most of our politicians are also myopic), to comprehend that: this is due primarily to the high cost of living in Canada; which has among the highest rates of taxation in the world.
Metro Vancouver mayors have voted in favour of a two cents per litre gas tax hike to fund regional transit projects and service improvements, setting the stage for a price jump at the pumps next spring.
The mayors approved TransLink's plan to fund the long-awaited Evergreen Line as well as major road improvements, cycling infrastructure and a new rapid bus service on Highway 1 from Langley to Burnaby on Friday.
It will also fund SkyTrain station and SeaBus improvements, and provide an additional 425,000 hours of annual bus service.
The gas tax hike is expected to generate $32-45 million annually to fund the projects, which TransLink estimates will cost about $70 million per year.
To pay for the rest, TransLink's proposal includes tentative plans for a time-limited property tax increase amounting to an estimated $23 annually for average households. Unless an alternative funding source is approved, the increase will take effect in 2013.
Vancouver Mayor Gregor Robertson, one of 22 representatives on the Mayor's Council on Regional Transportation, admitted the plans were not ideal but said the region is stuck "playing catch up" for transit infrastructure.
Only 12% people living in Vancouver use public transit, on a regular basis.

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