Households with incomes under $110,000 would have been better off if the federal government had not cut the GST by two percentage points and had transferred the money to local governments, according to the paper.
For households with incomes between $110,000 and $200,000, the net gain of the GST cut does not exceed $50 per year, after factoring in the loss of publicly funded services, the study finds. Full Story
I agree with this study. Many of you reading this will fall into one of the two categories above. If you are making over 110K then does an additional fifty dollars a year matter? No, it doesn't. Not when that fifty dollars can go towards housing homeless, dealing with drugs and alcohol abuse, mental illness, etc. We all pay a little and that helps others, which also benefits us in the end.
A selfish way to look at this for me is like this. I would rather see all the crazy homeless people on the street, the ones who harass me on my way to work, given support and help and that way they won't be there to bother me, as well as having a better quality of life themselves. To me, its worth fifty dollars a year, even though I don't fall into the over 110K category.
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