They ALL do it: over and over again, BC governments play the taxpayers for fools … imposing higher taxes/fees and/or cutting services in the first years of their terms, while also under-estimating revenues … thus running up HUGE surpluses … and buying our votes with goodies before the next election.
The BC Liberals did it in 2016 … and I wrote about it at the time … TWICE: http://harveyoberfeld.ca/blog/bc-liberals-rip-off-taxpayers-to-amass-election-bribe-fund/ … and http://harveyoberfeld.ca/blog/use-730-million-surplus-to-get-rid-of-msp-premiums/
The Liberal surplus then … $730 Million.
That, I contended, was a RIPOFF of taxpayers: Governments are NOT supposed to be profit-making capitalist corporations … especially by gouging defenseless taxpayers, already struggling to ray rents, mortgages, Hydro, ICBC and over-priced AND over-taxed gasoline.
Governments are elected to collect ONLY what they really need to provide legislated services within their jurisdiction … and with hundreds of well-paid Finance Ministry economists and accountant, surely they can’t so consistently and so often under-estimate revenues by so much … that vote-buying can be so easily funded every four years!
Yet, here we go again.
The next BC provincial election is scheduled for Oct 16, 2021.
So, now it’s the NDP’s turn … right on schedule: Finance Minister Carole James has just reported a fiscal year operating surplus of $1.5 Billion!
“The higher-than-expected surplus is primarily the result of $2.9-billion in increased revenue, largely driven by higher personal and corporate income tax and new taxes including a speculation tax and employer health tax,” reported The Globe and Mail.
Get that? The surplus was “driven by higher personal and corporate income tax and new taxes”.
And according to BC Auditor General Carol Bellringer, the NDP is being modest: the REAL surplus is a whopping $7.2 Billion!!!!!
“What we’re saying is that the financial health of the province is actually better than reported and that the accumulation of [the surplus] is quite significant,” Bellringer has been quoted as saying.
Anything the Liberals could do to rip off the taxpayers, the NDP can do more???
Just imagine what the NFP/Greens and their supporters would have said if the Liberals reported a BILLION DOLLAR surplus!! Or what the independent Auditor General said was really a $7.2 BILLION surplus!!!!
So look closely at the tax deductions on your next pay stub: by James’ own calculations, the NDP government is taking MORE from you than it can justify: and judging by the Auditor General’s figures, MUCH MORE than warranted.
Yet, like kids anticipating Christmas, we’ll all soon be looking forward to see what kinds of gifts and goodies this latest government is going to bestow upon us …. bought with our own money.
“Plus ça change, plus c’est la même chose”—”the more things change, the more they continue to be the same thing.”
In the meantime, have a laugh: click on the links above to read what the partisan political Commenters on this Blog …. left and right … said of the Liberal surpluses when I wrote about back them.
And watch if they take the SAME positions now … that it’s the NDP ripping you off.
Note: You can hear more on this blog topic on HoweStreet.com: https://www.howestreet.com/2019/07/23/why-is-bc-government-under-reporting-massive-surplus/
(For more fun reading about the hypocrisy of our governments (at all levels) you can get First Alerts of new postings on this provocative Blog by following @harveyoberfeld on Twitter.)