I have a serious question. If the government changed policy and your retirement income was taxed so you have to pay 15% more tax. Are you okay with that?Don't worry. Our income in retirement isn't what it used to be, but it is still 6 figures a year. We won't be needing any of your money..........LOL.
It's not the spenders that people have problems with. You have the money, you want to buy stuff, and can sock some money away for your retirement - great. Just don't come asking for debt forgiveness, or any government hand outs if spent all your money when you are younger (even if you weren't in debt) and expect others to pay for your retirement.Since many are concerned about the "spenders", I would be okay with raising the HST to pay the bills
At it's current rate, the HST revenue is about the same as the cost of the OAS/GIS benefits. An increase should be directed to paying down the national debt.
I am a "spender" so I would be paying more, but that is my choice.
People generally have problems parasites. One who can fully support their lifestyle from cradle to grave is not a parasite.