Friday, August 7, 2009

HST and WSOP 40,000

Here in B.C. our wonderful provincial government has decided to Harmonize the provincial sales tax with the federal sales tax and call it the HST. The provincial sales tax (PST) is currently 7% and the federal sales tax (GST or goods and services tax)is 5%. This new tax will be 12% and basically we will just have the one tax. Sounds simple right?? Sounds like a no brainer?? But wait. This tax will now apply to many things that weren't formerly taxed by both taxes. Things like restaurant meals, new home sales, Real estate fees, going to the hairdresser. The list goes on and on. So instead of this being something that makes sense to the average working person this is just another tax grab. So why are they bringing it in?? They say it will save businesses money by only having to administer 1 tax. Then why are small businesses screaming?? They are screaming because they know that some of them will be losing customers (ie restaurants) as the cost of meals will go up. So basically this tax will be good for big business and our government coffers. A recent poll shows that 90% of B. C residents are against this HST and I think on this issue the government better listen. We are basically fed up with being taxed to death. This provincial government better wake up and smell the coffee. This is a no go for us here in B. C.. We do have recall legislation here in B.C. and with 90% against this might be all we need to throw this bunch out.

I finally got around to watching the televised 2 hour first event of this years WSOP 40,000 buy in event and came away suitably impressed. I was really impressed with the play of Vitaly Lunkin who when it came to heads up play clearly in my opinion was the best player. This is taking nothing away from Issac Haxton but in the hands showed Issac did push with some questionable cards and Vitaly was very unlucky not to win before he did. This is taking nothing away from Haxton but I wonder if nerves got the better of him at the end. Even watching Justin Bonomo's face in the crowd you could read in his eyes that he was thinking (you pushed with that?) I know we will definitely see more of Issac in the future as he is an incredible player.
I loved the way Lunkin played his pocket Aces both times heads up(even though he lost once). I am not a fan of slow playing aces except Headsup. In my opinion in a full ring game or tournament slow playing Aces is just looking to get in trouble but you do want to get 1 caller. That's just perfect for Headsup. I think the look on Haxton's face both times when he saw the Aces was priceless.

6 comments:

  1. Lunkin is an incredible player. I'd run into him in the Poker Kitchen, the rooftop cafeteria at the WSOP - he smokes. Away from the table, he's this meek, almost dorky guy, very nice, humble. Speaks no English, but I know a couple of sentences in Russian. I got him to pose for me in my WSOP series on VegasImages.

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  2. Everybody hates taxes. I'm wondering what's going to happen here in the states when the tax bill comes due (bail-outs, health plans, etc.).

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  3. Yea Wolynski I was really impressed too. I will check out your WSOP series on your blog

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  4. We have the Olympics coming in February but this tax doesn't take place until next July. Makes you wonder if this is there way of paying for it. It will be interesting in your country to see what happens re the bailouts etc.

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  5. I think that sounds like our GST (goods and services tax) which came in years ago. Ten percent on everything except unprocessed foods (basic foods) and medical supplies.

    People complained before but everyone has short memories and in the end you just feel defeated and accept whatever they dish out. Plus, the business's did not pass on any touted savings.

    Now we are going to have income tax hikes to pay for all the "stimulous packages" the Govt so kindly gave to everyone.

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  6. We have the GST. This is a combination of both that and our provincial tax so businesses supposedly dont have so much paper work but what it's doing is putting tax on some things that formerly only had one of the taxes on. Just another money grab by our government. Yea business won't pass on savings here either.

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