Heads up in oil patch.

[jazz]

Yep Alberta is in trouble and some of the blame is on them.

You don't understand the oil patch chuck, not even one inch of it. And you don't understand what Canada really is.

Canada is a capital poor place with low productivity and no internal investment. The average Canadian is broke so they don't invest in the TSX, so our companies starve for capital. All of our major companies have had to build infrastructure in the US and get listed on the NYSE to access proper equity markets.

Therefore for Ab to get those resources out of the ground, they need a texas style investment environment to lure well heeled companies from the US to develop the resource.

Throwing up taxes would just send more investment out of the province. Typical NDP move.

[TASFarms]

You don't understand the oil patch chuck, not even one inch of it. And you don't understand what Canada really is.

Canada is a capital poor place with low productivity and no internal investment. The average Canadian is broke so they don't invest in the TSX, so our companies starve for capital. All of our major companies have had to build infrastructure in the US and get listed on the NYSE to access proper equity markets.

Therefore for Ab to get those resources out of the ground, they need a texas style investment environment to lure well heeled companies from the US to develop the resource.

Throwing up taxes would just send more investment out of the province. Typical NDP move.

There has got to be $50 billion in capital that went south under Trudeau’s reign.

[TASFarms]

Look at raging river resources. Their stock was over $12 a couple years ago. Funds pulled out and went states side. Now they are well under 50 cents . The loss in this country is mind boggling

[blackpowder]

Kinda repetitive but ya,
Human nature is not to save for a rainy day. And the West never really had a fair or equal say in many things.
Resource ownership a big failure before Leduc #1.
Had Alberta been a reclusive nation, we might all be blue eyed sheiks with Mexican staff.
And while we're on the subject.
Screw everybody else that isn't part of the solution. In other words, all the hyphenated nation in a nation people can _ _ _ _ themselves once and for all.
I can move to Montana if I choose.
I suggest Chuck move to Montreal.
Everybody wins.
No one will be happy till the cow is dead anyway.

[jazz]

There has got to be $50 billion in capital that went south under Trudeau’s reign.

Try a trillion

[Hamloc]

Why not provide tax breaks, incentives, subsidies for food processing, manufacturing, high tech to attract investment?

In Alberta if the tar sands lose money and become uneconomic Kenney suggests a state owned oil company to take over some projects? Huh? In free market Alberta?

Norway did that many decades ago and now have over 1 trillion in savings. Surely Alberta should have more to show for all their years of high GDP and high incomes than what they have now.

If Alberta had a modest provincial taxation system like Saskatchewan prior to the covid crisis they would have a $14 Billion dollar budget surplus! Wow and you guys keep defending this mismanagement and blaming Ottawa?

Yep Alberta is in trouble and some of the blame is on them.

So I am curious Chuck, do you have a reading comprehension problem or in typical Liberal fashion are you refusing to actually address the questions I asked?

[GALAXIE500]

When does Alberta get to stop sending equalization payments?

Sask and Manitoba also , but I doubt that will happen.

[AlbertaFarmer5]

So I am curious Chuck, do you have a reading comprehension problem or in typical Liberal fashion are you refusing to actually address the questions I asked?

You went off script and asked a question that wasn't in the book. Being incapable of independent thought, He has no answer.

[rumrocks]

So I am curious Chuck, do you have a reading comprehension problem or in typical Liberal fashion are you refusing to actually address the questions I asked?

I've watched politicians respond to questions asked by the media for decades.

Some were exceptional and answered directly to the question asked of them.

I don't think the current PM has ever answered a question with a direct answer.

When he got into trouble with the firing of Jodie Wilson Raybould, his answer was extremely repetitive and deflective during question period, coach Butts probably rewarded him accordingly.

Three pocket Justin has the CBC, CTV, and the RCMP in his pockets so he doesn't even have to answer the really tough questions that should be asked of him on a daily basis.

It should be against the law for any government involvement in media, you can see Justin's chicom envy showing through by avoiding question period and the house of commons which can be enterpreted as a very one party only regime.

It's only a matter of time before he starts wearing the Mao black tunic suit.

[iceman]

Look at raging river resources. Their stock was over $12 a couple years ago. Funds pulled out and went states side. Now they are well under 50 cents . The loss in this country is mind boggling

Raging river stock was delisted along time ago. Baytex bought them.

[chuckChuck]

Simple question for you Chuck, would you be happy with a 25% sales tax? Do you believe more people employed by the government as opposed to private industry is diversification?

A 25% sales tax? huh? Who is suggesting a 25% sales tax? Saskatchewan has a 6% sales tax. Shocking! 6%! Scott Moe is out of control. LOL

And who is suggesting more civil servants when a sizable heritage fund and sensible tax policies could have been used to help diversify and stabilize Alberta's economy to reduce the impact of low oil prices.

If you want to be taken seriously ask reasonable questions and don't exaggerate.

[Hamloc]

When is Alberta going to make plans for diversifying their economy? How many times do we need to go through this cycle of boom and bust before industry and governments start investing in developing a resilient economy that is not so dependent on one or 2 export dependent commodities?

Perhaps they should ask Norway for advice?

Ok so you think my questions were exaggerated? First you said we need to diversify our economy and perhaps we should ask Norway for advice. So when I looked at Norway's for any information on what Norway was doing business wise lately I found they were working on a new gas pipeline to Poland, installing carbon capture technology on a large cement plant. It looks similar to Canada. One large difference would be government certainly spends far more per capita than Canada with their cradle to grave social programs, hence why I asked if you considered increasing the size of government to be diversification. Personally I believe Alberta should have a sales tax, and I believe all energy royalties should go into savings so that the revenue earned from those savings can be used by future generations but if you want to use Norway as the example to follow you should be ready to accept their levels of taxation or quit using them as the model to follow.

[AlbertaFarmer5]

Ok so you think my questions were exaggerated? First you said we need to diversify our economy and perhaps we should ask Norway for advice. So when I looked at Norway's for any information on what Norway was doing business wise lately I found they were working on a new gas pipeline to Poland, installing carbon capture technology on a large cement plant. It looks similar to Canada. One large difference would be government certainly spends far more per capita than Canada with their cradle to grave social programs, hence why I asked if you considered increasing the size of government to be diversification. Personally I believe Alberta should have a sales tax, and I believe all energy royalties should go into savings so that the revenue earned from those savings can be used by future generations but if you want to use Norway as the example to follow you should be ready to accept their levels of taxation or quit using them as the model to follow.

So Chuck posts constantly about the paradise that is Norway, apparently with no clue as to their tax structure, as he now ridicules the concept of 25% sales tax.

And yes, Norway is one of the most heavily taxed countries in the world with a total tax burden of roughly 45% of GDP– almost 4x Hong Kong and nearly twice the US.

VAT here is a whopping 25%. Personal income tax rates border 55%. Corporate profits tax ranges from 28% to as high as 78%. Norway even has a direct WEALTH TAX.

https://www.sovereignman.com/lifestyle-design/why-norway-is-a-bs-argument-for-higher-taxes-8235/ https://www.sovereignman.com/lifestyle-design/why-norway-is-a-bs-argument-for-higher-taxes-8235/

[chuckChuck]

Ok so you think my questions were exaggerated? First you said we need to diversify our economy and perhaps we should ask Norway for advice. So when I looked at Norway's for any information on what Norway was doing business wise lately I found they were working on a new gas pipeline to Poland, installing carbon capture technology on a large cement plant. It looks similar to Canada. One large difference would be government certainly spends far more per capita than Canada with their cradle to grave social programs, hence why I asked if you considered increasing the size of government to be diversification. Personally I believe Alberta should have a sales tax, and I believe all energy royalties should go into savings so that the revenue earned from those savings can be used by future generations but if you want to use Norway as the example to follow you should be ready to accept their levels of taxation or quit using them as the model to follow.

We are in some agreement. Even with Sask. tax rates Alberta would have been much farther ahead and probably could have saved a lot more for a rainy day. I am not advocating Norway tax rates. But Sask tax rates would be a great start. Higher royalties, a large heritage fund and Albertans would have still had many advantages over the rest of Canada.

[AlbertaFarmer5]

We are in some agreement. Even with Sask. tax rates Alberta would have been much farther ahead and probably could have saved a lot more for a rainy day. I am not advocating Norway tax rates. But Sask tax rates would be a great start. Higher royalties, a large heritage fund and Albertans would have still had many advantages over the rest of Canada.

We went through the numbers on here a while ago. If Alberta were a sovereign nation like Norway is, Instead of a province with no control over how equalization revenue is distributed, Alberta could have kept the same competitive tax and royalty rates and still built a fund bigger than Norways.