oleary what a laugh. always preaching me me me me me. now he is worried about people losing jobs. no just worried he wont make money in short term. it will take up to six years to undue shorsightedness created in the last ten. forty four if your counting.
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I am not terribly politically biased by any means.
I didnt look at the clips yet.
In fairness, the Alberta NDP inherited dropping and now, low world prices which profouny affects the Alberta economy. Appointing/hiring more (modern) union influence is like hiring a bodyguard after you have been robbed and severely beaten.
The damage is done, the value (employment/salaries/benefits) is gone, what is left to protect?
"I dont like it but I guess It happens that way." -Johnny Cash
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Oleary just another schemer living off the backs of working people. Starting to get maybe worried because his big oil portfolio has fallen in half value and he doesn't look so smart basing it all on an industry that is controlled by people in the Middle East.
The climate change stuff is a joke I will agree but this is what you get when you have but balls for conservative leaders. Get something better.
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Albertans Somehow think Everything is peachy in Sask with Wall at the Helm.
It's No different here , No money left in coffers after near record resource prices.
I think I'll try renting the neighbours land using our resource royalty model.
The potash model 95 per cent for me and 5 per cent for the owner !!
Or maybe he'd go for the Oil model - NO RENT for the first 3 years YAHOO !
Oh did I mention the province has no money after the boom, I wonder why??
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Originally posted by vvalk View PostI think within 18 months there will be enough support to call for a new election. It's getting really bad in Alberta.
Originally posted by vvalk View PostSince she has come into power how many tax increases has there been? The working family if they have a job left has never been taxed more under the NDP government
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First a disclaimer I am not or was I a supporter of the Alberta PC party for the last 9 years.
The Alberta government is constantly accused of not charging high enough royalties on oil which put us in the poor financial shape we are today. So let us compare the royalty charged on a barrel of oil on an average 33 bbl producing Alberta oil well with 3 other jurisdictions in April 2014. Alberta would have charged a royalty of 32 percent. Saskatchewan would have charged a royalty of 18 percent. North Dakota a royalty of 24 percent. Last but not least Texas would have charged a royalty of 25%. It appears Alberta was not the lowest.
Since 2010 the price of natural gas has been quite low compared to the 2005 to 2009 period. This has lowered royalty returns on natural gas by roughly 4 billion dollars per year from 2010 onward. Alberta biggest problem then is the same today, too much spending without a reasonable plan for having enough revenue to balance the books. Instead of implementing a sales tax we have a long list of user fees and sin taxes that each successive government including the NDP has pushed to ridiculous heights.
Very few seem to support Kevin O'Leary's outlook but he is right on one thing a constant barrage of tax increases doesn't encourage business investment. Why is that increasing taxes on gas, diesel and natural gas is supposed to reduce it's use but increasing taxes on investment and business is supposed to increase investment and jobs?
Interesting to note Premier Notley came out in support of The Trans-Mountain pipeline expansion today. Up until now the NDP has had a rather fuzzy outlook on pipeline construction with very little coherent policy in this regard. I think she now she has realized it is tough to fund schools and hospitals without resource revenue.
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Partner of mine also has a restaurant...pays a much higher rent than he likes...I ask why.."because it's in the right spot for business" They will pay if there is money to be made!
Much of the royalty rates were given back by schemes....high wages were one of the outcomes due to no royalty until profits...business tax was one of the lowest, when it didn't have to be...recent poll says Albertan's are good with the carbon plan, and the world is noticing ...Canadian Association of Oilwell Drillers applauded Notely's "thorough" review today...carbon tax had businesses on side. More favorable in less than a year than the previous gov had in ten years....but a shitty time for her to take over, and for all those that still can't except it, she didn't cause it.
Not an ND supporter, but liking what I see....but there are still hurtles.
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