BC VIEWS: Time to get smart or go broke

B.C.’s job market held steady in July, with unemployment at 7.3 per cent. The latest Statistics Canada job data were released as global financial markets teetered on the edge of another recession.

Public-sector union members gather at the B.C. legislature in 2005 in support of striking teachers. The BCTF was fined $500

Public-sector union members gather at the B.C. legislature in 2005 in support of striking teachers. The BCTF was fined $500

VICTORIA – B.C.’s job market held steady in July, with unemployment at 7.3 per cent. The latest Statistics Canada job data were released as global financial markets teetered on the edge of another recession.

B.C. was last reminded of its vulnerability to world events in late 2008 and early 2009, when financial markets froze up and governments around the world started frantically borrowing to bail out major industries. There are still idle construction cranes around B.C., although the vital commodity markets have recovered.

It was the sickening skid in provincial revenues, which began to reveal itself during the 2009 election campaign, that triggered the B.C. government’s panicked grab for the harmonized sales tax and its transition fund. If blame is important to you, blame Stephen Harper for the HST, but please don’t believe Bill Vander Zalm and the NDP when they claim it was merely a political plot covered up with lies.

The truth is much scarier than the scare tactics of these political opportunists. Globalization isn’t optional, and there are lots of countries out there ready to beat us up and take our lunch money if we give them half a chance.

The Canadian and U.S. central banks have held interest rates near zero since the crisis. If something more goes wrong, they are “out of bullets,” as economists say.

Here’s another economic fact about the year 2011. For the first time in Canadian history, the majority of people with employer-supported pensions now work for government or its agencies, rather than the private sector.

Despite all the political blather about left and right, more spending versus less, government keeps growing. That’s true for Canada and for B.C., where government grew every year of the allegedly tight-fisted reign of Gordon Campbell.

There has been lots of bleating about HST on adult-sized clothing for children. Claiming your hubby’s clothes are actually for a bulky child may be the oldest scam in sales tax evasion.

This is an example of what economists call the paradox of public finance. Economists like consumption taxes because they’re difficult to avoid. Many taxpayers dislike them for the same reason.

This is the road that leads to Greece, where tax evasion is considered a civil right along with fat pay and pensions. The same population expects to go to university at little or no cost until they’re 30, and then retire at 55, with the whole apparatus somehow held up by the dwindling band of workers in between.

The latest contract demands of the B.C. Teachers’ Federation give a sense of their Greece-like isolation from reality. Lengthy paid leaves, yet more paid professional development days, oh, and a double-digit wage increase after the rest of the public service has accepted zero.

I attended the recent BCTF convention in Victoria, where this entitlement culture was on display. During a news conference about the BCTF’s many demands, someone stood behind Education Minister George Abbott and held up a sign for TV cameras that demanded “No Tankers.”

This was no campus radical slipped in from the street. It was a middle-aged BCTF delegate, one of many decrying the industrial economy we need to pay for their pensions.

B.C. aspires to be a shipbuilding economy but it can’t do shipping? According to our public sector union elites, we’re too precious to allow oil tankers in B.C.?

Apparently some have still failed to notice that oil tankers have been going up and down the coast for decades, and back and forth under the Lion’s Gate Bridge for years.

Tom Fletcher is legislative reporter and columnist for Black Press and BCLocalnews.com

twitter.com/tomfletcherbc

Just Posted

Greater father involvement in the home leads to improved childhood development and increased marital satisfaction, says expert. (Black Press Media file photo)
University of Victoria researcher finds lack of father involvement a drag on gender equality

Working women still taking on most child and household duties in Canada

New COVID-19 cases on Vancouver Island by local health area for the week of June 6-12. (B.C. Centre for Disease Control image)
New COVID-19 cases up on Island, but health officials say trends going right way

There were 22 new COVID-19 cases in Greater Victoria last week after just four the week before

Emergency health services treated a person after they were blocking traffic at the intersection of Fort and Douglas Streets on June 17. (Evert Lindquist/ News Staff)
Victoria intersection traffic returns to normal after protester blocked roadway

A person in a motorized wheelchair was blocking the intersection at Fort and Douglas Streets

Eric White’s roadside farm stand in Metchosin sits stocked with produce. (Photo courtesy of Eric White)
Fledgling Metchosin farmer frustrated by thefts from stand

Eric White said every dollar made at the roadside helps sustain his farm

Saanich police took a suspect into custody after a store employee on Cedar Hill Cross Road was assaulted Wednesday afternoon. (Black Press Media file photo)
Employee assaulted at Saanich store after asking suspected shoplifters to leave

June 16 incident saw worker taken to hospital with non-life-threatening injuries

People line up to get their COVID-19 vaccine at a vaccination centre, Thursday, June 10, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Vaccines, low COVID case counts increase Father’s Day hope, but risk is still there

Expert says people will have to do their own risk calculus before popping in on Papa

(Black Press Media file photo)
POLL: When was the last time you visited the mainland?

The films are again lighting the screens at local theatres, the wine… Continue reading

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of June 15

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

The Co-op gas station at Whiskey Creek is burning after a camper van exploded while refueling just before 4 p.m. on Thursday, June 17, 2021. (FACEBOOK PHOTO)
Exploding camper van torches Highway 4 gas station between Qualicum Beach and Port Alberni

Highway traffic blocked after Whiskey Creek gas station erupts into flames

Helen Austin performing with Trent Freeman at the 2018 Vancouver Island MusicFest. Austin is one of the many performers listed for the 2021 event.
Vancouver Island MusicFest goes virtual for 2021

Black Press to stream 25 hours of programming July 9-11

FILE – A science class at L.A. Matheson Secondary in Surrey, B.C. on March 12, 2021. (Lauren Collins/Surrey Now Leader)
Teachers’ union wants more COVID transmission data as B.C. prepares for back-to-school

BCTF says that details will be important as province works on plan for September

Provincial health officer Dr. Bonnie Henry outlines B.C.’s COVID-19 restart plan, May 25, 2021, including larger gatherings and a possible easing of mandatory masks on July 1. (B.C. government photo)
B.C. records 120 new COVID-19 cases, second vaccines accelerating

Lower Pfizer deliveries for early July, Moderna shipments up

A Heffley Creek peacock caught not one - but two - lifts on a logging truck this month. (Photo submitted)
Heffley Creek-area peacock hops logging trucks in search of love

Peacock hitched two lifts in the past month

The Calgary skyline is seen on Friday, Sept. 15, 2017. THE CANADIAN PRESS/Jeff McIntosh
2 deaths from COVID-19 Delta variant in Alberta, 1 patient was fully immunized

Kerry Williamson with Alberta Health Services says the patients likely acquired the virus in the hospital

Most Read