MUST READ – Dixonomics Doesn’t Add Up
BC Liberal MLAs Mary Polak and Ralph Sultan have called-out Adrian Dix over his and the NDP’s steady stream of lavish spending promises that would likely lead to drastic personal income tax increases should those promises be implemented.
“It’s easy to make promises, it’s harder to explain how you are going to pay for them,” said Polak, MLA for Langley. “As a government, we present three-year budget cycles and explain to British Columbians how decisions will affect them in the pocketbook and in the services they receive. Adrian Dix and the NDP are not letting taxpayers know the costs of their promises. Adrian Dix needs to come clean and let taxpayers know how he plans to find the money to fund his promises.”
To pay for his promises, Adrian Dix has three options – he can raise taxes more than he’s already promised to do, increase public debt, or cut existing services – or a combination of all three options.
“Dixonomics will be disastrous for British Columbia,” said Sultan, MLA for West Vancouver-Capilano. “Adrian Dix has simply not accounted for his spending commitments. The only way for him to pay for them all is to hike taxes or borrow money.”
“B.C. possesses a coveted triple-A credit and it is imperative we keep it intact. Last month, Standard and Poor’s downgraded their credit rating to nine countries in Europe, including G7 nations France and Italy. This has increased these countries’ costs of borrowing. We owe it to our children and grandchildren not to repeat Europe’s mistakes and bring in a bad case of Dixonomics,” Sultan added.
