Heads up in oil patch.

[chuckChuck]

You do understand that equalization is a federal program paid for out of federal tax dollars collected in every province? And the only reason Alberta has paid a lot of federal taxes that fund a lot of federal programs is because their incomes and GDP are relatively very high and they have been a very wealthy province because of resource revenues.

Are you suggesting Albertans stop paying federal taxes? No doubt you do because you are separatist.

Kenney has asked for and received federal support recently so the idea of separation is confined to a few extremists.

[Taiga]

Murphy Oil gave the Liberals the middle finger yesterday too and heading to Houston.

[6V53]

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?

Chuck there is 150 years of history of central Canada keeping the West from diversifying. The western Canadian wheat Bord wouldn't let a pasta plant get built in western Canada. Cargill has expanded a flower mill at Calgary twice since the end of the wheat board. Field Marshall tractors were imported through Churchill but sent to Montreal to get there serial numbers put on. The Lions gate bridge wasn't allowed to be built until the Guinness family owned all the land of North Vancouver. I could go on and on, but instead **** you and the rest of you smug eastern bastards.

[WiltonRanch]

Chuck there is 150 years of history of central Canada keeping the West from diversifying. The western Canadian wheat Bord wouldn't let a pasta plant get built in western Canada. Cargill has expanded a flower mill at Calgary twice since the end of the wheat board. Field Marshall tractors were imported through Churchill but sent to Montreal to get there serial numbers put on. The Lions gate bridge wasn't allowed to be built until the Guinness family owned all the land of North Vancouver. I could go on and on, but instead **** you and the rest of you smug eastern bastards.

Nothing pisses me off more than central Canada’s treatment of the west. We have been treated as a vassal state, no a colony, since the HBC started scamming furs out here. I don’t get though how the present dumpster fire in Ottawa wants to impede every industry here if it’s a cash cow. Perhaps they’re afraid we become too strong and independent we may truly rebel.

[chuckChuck]

Unlike many other less resource rich provinces Alberta had the resources and fiscal capacity to build a really big nest egg and diversify its economy. But it chose low taxes, low royalties and using one time resource revenues to fund core government services. Everyone knows the history of oil prices, the boom and busts and depleting resources.

If you win $5million in the lottery do you spend it all in the first year on things that don't have lasting value or do you invest it in good diversified investments that pay dividends for you and your family for decades?

Read this again: If Alberta had a modest provincial taxation system like Saskatchewan just prior to the covid crisis they would have a $14 Billion dollar budget surplus! And that was in a period of lower oil prices and a down turn in their economic fortunes.

Imagine what revenue they could have raised during the high oil price boom years?

[AlbertaFarmer5]

Unlike many other less resource rich provinces Alberta had the resources and fiscal capacity to build a really big nest egg and diversify its economy. But it chose low taxes, low royalties and using one time resource revenues to fund core government services. Everyone knows the history of oil prices, the boom and busts and depleting resources.

If you win $5million in the lottery do you spend it all in the first year on things that don't have lasting value or do you invest it in good diversified investments that pay dividends for you and your family for decades?

Read this again: If Alberta had a modest provincial taxation system like Saskatchewan just prior to the covid crisis they would have a $14 Billion dollar budget surplus! And that was in a period of lower oil prices and a down turn in their economic fortunes.

Imagine what revenue they could have raised during the high oil price boom years?

Isn't it amusing, how to a Socialist, it is always a revenue problem, to the realists, it is a spending problem. In this case, spending that is completely out of our control, due to only being a province within a country, not a country in control of its own finances.

[chuckChuck]

A5. So do you think the Sask Party and Saskatchewan are full of a bunch of socialists with a spending problem? LMAO

Actually it is Alberta who has the spending problem. That is spending one time resource revenue during boom times on core services and not putting anything away for the inevitable downturn.

Real fiscal conservatives would have saved something significant and tried to diversify.

What would Peter Lougheed think of today's mismanagement. A missed opportunity!

[AlbertaFarmer5]

A5. So do you think the Sask Party and Saskatchewan are full of a bunch of socialists with a spending problem? LMAO

Actually it is Alberta who has the spending problem. That is spending one time resource revenue during boom times on core services and not putting anything away for the inevitable downturn.

Real fiscal conservatives would have saved something significant and tried to diversify.

What would Peter Lougheed think of today's mismanagement. A missed opportunity!

So we can agree that they both have a spending problem.
Now if only we could agree on the definition of a province vs a country.

Can you provide some examples of what industries we should diversify into?

What role do you see governments playing? Ownership? Direct Investment? Tax incentives?

What industries does Alberta's climate, demographics, geographic location, education profile labour and property costs, cyclical business environment etc make us good candidates for?

Any real life examples of where government has taken such an initiative with positive results?